Being financially stable is one of the signs that you are ready to go into trading and make a name for yourself in the field. But there are times where you can really get lost. As times change so fast, the notion of what it is like – to be financially stable changes as well.
So, we are here today in order to find out – what does being financially stable mean at the moment?
1. You can get through an emergency.
2. You can splurge.
3. You have no monetary issues with your parents.
4. You are calm thinking about the future.
5. You have a tracking system.
6. Your net worth grows.
7. You have several ways to earn money.
8. You have all the necessities and a little bit more.
1. You can get through an emergency.
If you have a strong emergency fund that can help you get through tough times or some sort of emergency or unexpected spending, that means that you have some spare money to put away for a rainy day. Which means that you are quite stable with what you are left with.
2. You can splurge.
Even though seizing to splurge is one of the key points in saving a lot of money if you are financially stable you have no problem treating yourself to some nice things or going outside to a restaurant. That is just pure math – if you can spend whatever you want without really limiting yourself you are going to be just fine.
3. You have no monetary issues with your parents.
Right in this point you can also say that you are totally independent from your parents. You do not live with them, they do not give you money and they do not buy anything for you, unless it is a birthday or a Christmas present. You have no point in fighting on the monetary views as you have no common points.
4. You are calm thinking about the future.
You have no problem thinking about what your future holds. You are totally fine with everything that might be thrown at you in the nearest time as you are prepared for anything. Of course, with all the issues that we are facing as a society no worrying about the future is a pretty rare thing, but it can be met when you are really stable financially and can ensure safety and wellness for you and your family.
5. You have a tracking system.
No, not James Bond style tracking system. A tracking system that allows you to see all your spending and to control them. If you already grew up to this point that means that you are responsible enough to have a stable financial situation.
6. Your net worth grows.
You are always ready to invest into something new – real estates, new business, new car. You have spare money that you are ready to invest into something new and exciting. Something that is going to help you grow your net worth every year.
7. You have several ways to earn money.
You may have an apartment to rent out or several businesses that bring you revenue. You are looking for new ways to earn and implement your knowledge. You have time and power to do all of these things.
8. You have all the necessities and a little bit more.
You know, you have a car, and it is new, not old. You have an apartment with extra bedroom and it is all renovated. Your kids go to school… a private one, you can travel abroad. Basically you have everything a person needs for a good life with a little extra on the side. After all you deserve to have the best with all that work that you do in order to be stable financially.
