Proverbs 8:18 – “Riches and honour are with me; yea, durable riches and righteousness”
How To Get Ahead Financially In 2021
You can get ahead financially in 2021 so long as you do this. First thing to do is create a budget.
One of the simplest and most effective things you can do to get control of your finances is to know where your money goes.
Saving money can help you pay for large purchases, avoid debt and reduce your financial stress.
Creating a realistic savings goal, gives you true insight.
Increase your contributions to your savings for retirement. I am no fan of having a retirement plan, like a 401K and I have expressed this.
Every one can put enough money up for retirement. It’s all about what you are willing to sacrifice.
If you receive a raise from your employer, if you have a 9 to 5. Consider contributing more money, even if it’s just 1%.
Self-employed individuals can set aside extra cash towards their savings for retirement. Yeah, I have no advice about contributing to a retirement plan because I chose to maintain 100% control over my finances.
Anyone reading this blog, I seriously recommend you take control over your personal finances. It’s best thing you could ever do.
I am not giving my power away to a stranger. Someone who will dictate where to send my money and place bets (stock market) with it.
Talk about not being in control of your money (ERISA)!
Increase your income
You can increase your income by getting better at your current job. Pay attention at work.
Look for ways to contribute. Be the one who gets things done.
All of these actions can pay off in raises if you work for an employer. If you are self-employed you will see an increase in sales.
Consistent actions will help you achieve financial success.
Another way to increase your income is to increase your portfolio. Start an Airbnb, rent out some land if you own any, sell your own products are also ways to increase your income.
Actions like saving a portion of every paycheck usually make a much bigger difference.
If it sounds too good
This may seem like an appealing headline, but that doesn’t mean it points to good investments.
Keep in mind that the market moves happening today are not necessarily relevant to your long-term goals.
Too many people invest by looking backward. They look at last year’s results and put their money in things that did well last year.
Focus on where you want to be in the future. All you have to do is make a plan and follow through.
The past year has been quite different financially for numerous reasons.
The present economic climate has in some ways forced many of us to make some major adjustments when it comes to our view of personal finance.
Conclusion
Overall, saving money allows you to enjoy greater security in life. Many people make decent money and still have no idea where their money is going and still live paycheck to paycheck.
I used to be one of these people.
Make an effort to plan ahead and consider what you can proactively do to set yourself up for maximum success.
Pay yourself first with every paycheck. I personally pay 10% tithes to my father Yahweh and then I pay 10% to myself.
Making financial decisions can be extremely difficult. You have to understand what it is that is most important to you in the first place.
Lastly, it’s critical to focus on what you can control.
DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.
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