Patience as a determining factor in economic growth
Greetings my people, I hope everyone is having a great week. We all have monetary needs, we must cover our basic expenses and for that what we use is money, either in physical or digital form, but somehow we must make a contribution in exchange for what we need, and "money" is what we use for that purpose.
When we want to obtain something of great monetary value, the effort we must make to be able to collect large amounts is most of the time a matter of patience and an orderly savings and investment plan that allows us to achieve it.
When wanting to have something that is more than covering the basic needs, it is therefore essential to have a plan, because generally our income is limited, but our expenses often turn out to be much more than our income, so how can we save?
We can only do it if we organize ourselves, and save part of what we have earned, with the determination that at no time should we touch what we have saved for a specific purpose.
But this requires a lot of patience, saving only to have money saved is no longer a business, especially due to inflation, which makes our amount decrease progressively as time goes by. I dare to say that what we should do is to save to invest.
But, what I have mentioned above has more to do with a great deal of patience, I will insist on this.
If our savings capacity is low, because of the expenses we have monthly, it means that achieving any monetary goal will be a feat, for this reason we will require a long time to achieve some things, most likely want to buy a car or a house is the goal of some, and we know that in general we must have at least a considerable capital for the initial, and if we have low income, high expenses, and what we can save is little, collect this initial amount will be a process of years, and not everyone can stand this of having to wait years to realize any plan.
This is the reason why I believe that patience is an important determinant in everything we do, even if it is only about saving money, which seems to be something very basic and that anyone can do, but this is not the reality.
So this process of financial education must go hand in hand with personal education in terms of psychology, changing some mental schemes more beneficial to achieve the goals we set.
I hope I have been clear in my approach.
Greetings to all. Have a great day.
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Hi @josevas217!
Patience achieves everything. That's right, if we have a plan we must also have patience to get to fulfill it, and as they say from the rush only remains the fatigue and maybe you get to invest less than desired quickly in something that does not generate what is expected or buy something of lesser value just to spend it and not wait any longer. Thanks for sharing, greetings!
It often happens that if decisions are made in haste, problems arise after a short time because you cannot evaluate something correctly if you do not take the time to do so.
Definitely everything has its time, and seeing something we undertake or do grow is something that should fill us with patience and hope, when I read the post I was imagining the beginning of a bag of potato chips, where it is easy to open and eat it, but it will never have the great taste of sacrifice and patience.
thanks for commenting
Imagination flew when reading my post, thanks for that comment. Everyone requires effort and at the same time a large dose of patience.
Greetings friend @josevas217. Patience is not only important to maintain it for economic growth, patience means success in the future if we want to see it that way. Of course, in our economic growth it is important to always maintain patience and keep clear what is the goal we are pursuing. Thank you for your support.
Patience is an important requirement in life to achieve success. From the period an idea is sown to the point it is reaped, patience will have to be put to work.
Nice piece buddy
"Seeding an idea", I like that phrase @samminator. Thanks for commenting.
That's right my friend, no doubt that when we intend to save to make a considerable expense, the best thing to do is to invest the capital we have and make it grow instead of just accumulating money because it will only devaluate, but this requires a change of mentality because it will not happen overnight and requires to be attentive to the investment, which requires patience and self-control. Greetings my friend.
The point is that in order to invest money and make it grow, you have to go through a learning stage and also know how to take risks and overcome them. A change of mentality, as you say...
Patience is a key to success in any plan, and in what you have mentioned, patience will work together with a good plan to be able to afford expensive things such as houses and cars.
Nice read!
Especially when it comes to large or expensive projects, patience is even more important. Thank you for commenting.
Very well said i guess every little or great accomplishment in life need patience buying an expensive material will require money which need time and effort both attributed to patience.
Greetings friend @josevas217, patience a strong word, and a virtue that few people have, there is nothing more rewarding than fighting hard for what you want, until you get it, when you get something with effort and dedication you will value it, and endure over time, while as they say over there, what comes easy comes easy goes, thanks for sharing this article.
@tipu curate
Such an amazing post @josevas217. You hit the nail on the head by taking time to explain how patient is an important factor when it comes to life, business and economy. It is not that easy but it is one practice that lingers on so many challenges.
Thanks for commenting my friend. That's right, it is something that we must practice permanently to achieve a good point of tolerance.