YOU Resolve to Be Financially Stable (4/7)

Before reading this blog post, kindly go over the earlier published blog post, YOUR New Year’s Resolution: Preface, first.

Money cannot buy everything, but it can be a good start.

During the past year, money was difficult to come by. Sales have dropped, salaries were cut back or were never increased, and many were displaced. Spending power weakened while debts and interest rates continued to increase. It was difficult coping to the new economic situation.

As a nurse, I experienced the effects of the economic crisis. Demand for nurses to work abroad decreased. Because of the downturn, countries implemented a “nationalistic attitude” when it came to employment. World powers prioritized giving job orders to their own healthcare providers. An example of this would be Obama’s healthcare bill, in which priority employment is granted to African Americans and Mexicans; Asians are excluded. All these events discouraged the healthcare workers in the country from their aspirations of working overseas. It’s evident—reports on the number of nurses leaving the country state that they have decreased, while the number of RNs reviewing for the NCLEX, CGFNS, and IELTS has also dwindled.

With the decrease in job orders, almost everyone started having financial trouble.

Money for Survival

Without a doubt, money is imperative for our survival in these times. No money=Death. It’s such a shame, after all the lessons that we have been taught about the corruption brought about by money, it being only a materialistic convenience, and that we will never bring it along with us to the death. Add to that, people go only for those who are well-to-do. It affects love lives—women only consider men who have stable jobs, drive a car, and are earning a specific sum per year. It affects socialization—various classes in society discriminate and sometimes argue with one another. It fights a person’s values—it can bring about greed and the corruption of one’s mind. Truly, those who are strong are those who are wealthy… …money-wise.

Money, Money, Money

In my opinion, you can be well-to-do even if you aren’t rich. Sure, money is necessary for survival, we can’t change that. But to survive, you will also need brains and the right attitude.

Have correct monetary thinking. You will never make it with careless spending. You first think about the things that you spend on. Are they significant? Do they have long-term value/use? Would I regret buying this thing afterward? These are just some of the questions that you should ask yourself before making purchases. Be smart when going through everyday expenses. Strive to save your money for something better than the current attempted purchase. In the end, you will thank yourself for being wise with your money.

Have the right attitude towards money. Money is something that is given in exchange for a desired good or service. That’s just it. It should never influence your thinking, your principles. Do not be deceived into thinking that a person is great just because of his/her wealth. There are a lot more noble people out there—heroes—who have less than those that they serve.

How about your job, you say?

Don’t worry if you don’t have much or if you just lost your job. Jobs may be difficult to come by, but they will always be there. Make it a point to extend your knowledge and skills so you will be able to take up any job that’s available in the market. That’s right, being versatile is the key. If you just lost a job, use whatever time money and time you have to learn a new skill that will be in demand in the future. For example, if you lost your regular office employment, take up digital imaging and manipulation or bartering and cooking lessons. Once completed, you can delve into web or graphic design or in the bar and restaurant business.

Have your own business. Now is the best time to start a business, since the world is starting to recover from the fiscal fiasco. You should know that the food business will always be in. Food is an essential need for human living, right? Therefore, being a merchant for food will always guarantee monetary returns. But you’re not constricted to food. You can also delve into any business of your choice. Just look for a need in your community, identify the consumers, and look for a surefire way of meeting that need.

A business need not be huge. There are small and micro businesses being put up today. They cater to a specific community or a group of consumers with a specific need that cannot be met by general big businesses. Examples would be a grocer, photography businesses, Internet cafés, video shops, business processing and offshore services, catering, network marketing of beauty products, etc. No problem with capital, as starting small and micro businesses need just a few supplies. Capital can be from pooled resources, investors, or can be secured from loaning agents who give out manageable small or micro loans, if you’re looking for capital resources.

Saving for a Rainy Day

It’s important that we all save for whatever eventful circumstances that will come our way. There is no other way to save but to “force yourself to save.” Force saving is compelling yourself to set aside part of your monthly or bi-monthly earnings in an account. You see, if you don’t practice force saving, you only be making deposits intermittently. You end up spending more than you wish to set aside; all your earnings would be used up. Keep in mind that putting in your money in a bank at least once a month will secure a significant growth in your savings.

In conclusion…

Being financially stable, no matter what local or international circumstances arise, is possible if you know how to manage your finance and keep a positive monetary outlook. Do not look at the loss of your job as a failure; consider it as an opportunity to grab better working and paying breaks. If you are in a rut, don’t lose hope. Work your way up, one step at a time. Hard work is still the only way to success!

Next post: YOU Resolve Never to Be Late Again! (5/7)


Published by

Recis Dempayos

Budding YouTuber / vlogger, occasional blogger, aspiring multimedia artist.

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