Financial Security

Financially secure people might have had some lucky breaks and maybe even inherited some wealth but wealth usually comes from a combination of knowledge, planning, work and consistent habits over a period of time.

Why are some people financially secure while other people are under constant stress to obtain the bare necessities of life? What do wealthier people do that poorer people don’t do. Conversely, what do poorer people do that wealthier people don’t do? How can some people be rich but not happy? Why do many wealthier people have less “stuff’ than poorer people?

Financially secure people might have had some lucky breaks and maybe even inherited some wealth but wealth usually comes from a combination of knowledge, planning, work and consistent habits over a period of time. You can gain ideas here about how to increase your wealth to the point of financial security but you will have to take total responsibility for practicing those ideas.

We can also explore the following:

  • Price verses cost
  • Costs verses benefits
  • Increase income or decrease outlay
  • Responsibility ultimately yours
  • Live below or at least within your means
  • Vocations – avocations
  • Pay your future first
  • Do what you love to do, maybe
  • Rule of 72
  • Have a crisis fund
  • Start saving now
  • Diversification
  • Greed
  • Credit cards
  • Delaying gratification
  • Short-term and long-term thinking
  • Opportunity costs
  • Tradeoffs
  • Investments
  • Guarantees and warranties
  • Money and you
  • Cash verses credit
  • Hidden costs
  • Quality and quantity
  • Do you want to be a millionaire?
  • Get rich quick
  • Slow but “sure?”
  • Psychic income/savings
  • When to comparison shop
  • Is having wealth worth the effort?
  • Be aware of vested interests
  • Little things can mean a lot
  • Get a variety of inputs and research
  • Financial plans
  • Make informed decisions
  • If it sounds too good to be true……
  • There are no “free lunches”
  • Good economic transactions
  • Value added
  • Lotteries and other gambling
  • Advertising propaganda
  • Sales techniques used on you
  • What about retirement?
  • Inflation – deflation
  • Entrepreneurship
  • Breaking out of family tradition
  • Take time to learn
  • Children and money
  • Investing in yourself