Making the right financial choices
Written by R. A. Stewart
Think of your life as a jigsaw puzzle and your choices as parts of the jigsaw. You need to make the right choices which fit into your life. A choice which is right for one person may not necessarily be right for another. It is just a matter of discovering your “why” and setting goals.
It is no secret that people make choices which lead to poverty. Smoking, alcohol, drugs, hanging out with the wrong crowd, and frittering away their money are some of the main reasons why many people are poor.
Lack of financial literacy is at the heart of all of this because someone who has set themselves money goals will become more motivated to give up their vices.
What are the right choices?
That all depends on your passions, skills and talents.
What gets you up in the morning? What do you look forward to?
The things you have a passion for tend to be the same things you have a talent for. Skills can be developed but if you don’t have any aptitude for a particular then you are better off looking elsewhere for fulfilment.
When I was at school, the boys did woodwork class and the girls did cooking and sewing. I did not have any kind of aptitude for woodwork and was always at the bottom of the class. I think if I had been at the cookery class, I would have found my niche. Some of the girls may have thrived working with tools. As one teacher at high school told us a couple of years later when trying to persuade some guys to take up cooking lessons, “All of the best cooks in the world are men.”
The point being, that when setting money goals, one size does not necessarily fit all.
What are the differences then?
People have different financial circumstances. Some are married, some are single, some are mature, some are young. It all depends on what your personal goals and your needs are.
Once you have worked out your goals it is just a matter of figuring out how to achieve them.
When deciding on where to invest your money, ask yourself, “What is the purpose of this investment?” Once you know the answer to that you will have a fairer idea of which type of investment suits your aims.
About this article
This article is of the writer’s opinion and may not be applicable to your own personal circumstances therefore discretion is advised. You are welcome to use this article as content for your blog/website or ebook.
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