Learning About Financial Stability

Many people in America are struggling to become financially

 stable, there are so many ways for people to get into debt whether they take on too many credit cards, further their education, take on loans they cannot afford to pay, or just try to buy things they cannot afford. And before they know it they have more debt than they can handle. Most people are not taught the value of money, or about debt when they are young and therefore when many teens get their first job they spend their money on having the newest tennis shoes, hottest jackets, new IPod, and the latest cellular phone. I was one of those people when I first started working. I never thought about being financially stable when I wanted to purchase my first car, buy my first home, or starting my business. I just new these were things I wanted to do when I got older.

Learning the value of money, and how to spend money should be learned when a child receives their first allowance. When children learn at a young age about the value of money, and becoming and staying financially stable and free of debt, they will more likely save their paychecks as teens and spend their money on what is important. I now know how important money is and I’m trying to get financial freedom. I have learned that having poor credit and no money can hinder you when trying to start a business, purchase a home, and even purchase a car. Some employers even check your credit and ask about your assets during the interview process. I have learned to pay my bills on time and even before time if I have the extra money to do so. I try to pay a little extra on the principle, which will help the interest go down.

I want to own my own production company one day and I know I will have to make a lot of sacrifices in order to make my business a successful one day. Which I am starting now, I have cut majorly on recreation, dining out, and frivolous purchases because I know I want to be greater than what I am now. Learning about finance, seeking investors, and stocks, will help me a lot because I will have to know all of these things when running my business.

Life is all about choices and successful people did not become successful by wasting money, and not learning about finance, stocks, and accounting which are the three important factors when starting, and running a business.