HOW TO AVOID STRUGGLING FINANCIALLY AND BECOME FINANCIALLY STABLE

When you talk of finances, there are very many Ugandans and people out there who will be scared and worried, this is simply because most people do not actually take very good care of their finances or their financial life and keep struggling in the financial world. 

But I do believe it is very possible for someone to get out there and change their financial situation and become a better human being and live a very stable and successful life.

 So today I would like to give you some tips that can help you to become financially stable and enjoy your life financially.

Start Thinking Positively

Our thoughts will determine our destiny and if you are to become financially stable, you will have to start thinking positively and you will have to start forgetting about any struggles that you are facing financially.

 When you are able to build a positive mindset, you will be able to build a strong foundation to help you become a financially stable human being. 

Most people will always be struggling financially simply because they are not willing to take that one step of thinking positively. 

Thinking positively about your finances literally means that you will need to believe in your ability to come out of the bad financial situation that you are in.

 If you are living in debts, you will have to start believing that you can actually get out of debt and become debt free. 

You will need to believe that there will come a point in time when you will be free from your debts and you will live a debt free life. 

So the beginning is all in your mind. If you are willing to become a better human being, you will need to develop a positive mindset first and then the rest will take shape itself.

Start doing something to earn income

The moment you have developed a positive mindset, you will need to start earning some form of income into your pocket. You can any kind of work as long as you are able to earn some income.

 Most youths are struggling financially simply because they do not want to do certain kinds of jobs and most of them believe that office jobs are actually the best jobs that they should be doing. 

I do believe, you can start from anywhere and make your life better in the long run. Even if it means cleaning toilets, just do that work and when you have made enough money from there, you can quit that job and move on to something better. 

It is better to have a starting point than to only have ideas. What will separate you from other people is not the ideas that you actually posses but the action that you actually do take about those great ideas that you have developed and are harbouring inside your mind. 

If you have been able to get something to do, then you are in a better position than someone who has nothing to do. 

Do not mind about the amount of money that you are earning but mind more about the value that you are giving to those people.

Save part of your income

if you are going to achieve financial freedom, you will have to start saving part of your income as early as possible.  

Saving some money and keeping it aside will help you when the times get hard and you cannot seem to get out of your financial situation. 

Make sure you are able to save at least 10% of your income and make sure that the money is kept intact and you do not actually touch it. In simple terms, you will have to keep that money far away from being spent.  

If you develop the habit of saving your income and keeping it, than you are on your path way to financial freedom and success.

 There are very few people in Africa who have the habit of saving their income and this actually lives them in poor financial state every month. 

The savings that you have accumulated will actually help you to start your own investments like business, and other interesting things that will make you become financially free and may be you will not actually need to work again.

Build some solid investments

When you have developed the habit of saving part of your income, you will now be on the right path to financial success. 

Now the next thing that you will need to do is to start building some investments so that you can consolidate your income in the long run. 

You should ensure that you do identify some businesses that you can do efficiently and make sure that you do your research very well so that you do not lose your income. 

Seek knowledge from people who do know how to do that business and make sure you do understand the kind of business that you are entering into before you actually commit your time and resources into the business.

 If you are able to build investments where you are able to earn some income, you will be on your path to financial freedom. For many people out there who are struggling financially, I hope these tips that I have provided for you will actually help you become better in your financial life and ultimately get out of poverty. 

I hope you will one day be grateful for having read this article and you will live the best life that you ever desired to live in your life time.  

When you finally make it and become financially stable, you can just hit on my comments section and we shall organise a great party to celebrate your financial freedom and success in life. 

After you have learnt all this, you should also go out there and teach others how to attain financial success so that we can together make the world a better place to actually live in. You can now toast to our success in life.