The true cost of not mastering your finances - Personal reflection

josevas217 (79)modin Project HOPE • 7 hours ago

Hello friends of Project HOPE, I hope you are having a good week, and that everything is going as planned. There is a reality when it comes to planning, and especially when it comes to finances, it is important that we have control of these, because if not, we would end up in a big problem that would complicate our lives.

I have seen that, with money being such an important tool for everyone, it is not something that takes a lot of time to learn to master, to know how to mobilize it, how to invest it, to have plans that allow us to minimize risks if necessary. We decided to invest and it is a big mistake, because part of the serious problems that arise in adult life have to do precisely with poor financial management, and I am not exactly talking about earning little or a lot in some job.

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In particular, I have seen people who earn very well in their jobs, but even so, their economy is staggering, and this is very unfortunate, because having a good income they are supposed to be better off, but even so, their lives end up feeling very bad. problematic in this regard.

Because they know that they will receive a good amount of money every two weeks or monthly, they end up squandering it or worse, acquiring very large debts for unnecessary things, without knowing that in the end this immediate pleasure ends up costing them dearly, because they It takes away your peace and tranquility of mind, which, at least for me, is priceless.

Taking on debt, with high interest, for things that are not necessary is for me one of the worst wastes of money that can be done. The ideal would be to have an investment plan in instruments that allow you to obtain a constant profit that, over time, these additional income are what allow you to indulge in those additional pleasures, or better yet, increase your investments.

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But the big problem is precisely that there is no financial education that starts from an early age, and it is precisely because the majority of people, including our parents, were not educated in this sense.

I think that if more time were dedicated to learning about investments, if we talked freely about money, about minimizing risks, about everything that involves increasing our capital safely, and from an early age, the world would be very different, and poverty would progressively decrease with the passage of time. Maybe it's utopian just to say it, but actually, I believe in that. I would like to know what you think about it, greetings, and have a good weekend.