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| Financial institution principle |
Hi, good readers, howdy? welcome back with me, Fian, hopefully you always have the abundance of happiness, health and prosperity, today I would like to share about the topic “financial institution”, the reason why I choose that topic because many people feel distressed in their lives when their spending habit gets controlled by the financial institution, like online money lender or the bank, now my question; why that problem must happen to the people's lives because their habits only attracts self-satisfaction, basically people feel stressed not because the money they earn, but people feel stressed because they lack of money spending skill, although the financial institution creates a credit card and they intend to borrow their money to us, we need to know our daily spending habit, I am not saying we need to avoid the financial institution’s offering, but we must realize our essence of living before our lifestyle will be shaped by spending habit, the first thing I would like to tell you that the bank is designed to be a lender, not giving the financial advisor, what I fear is not about the money you get a loan from the financial institution, but what I fear is the uncontrolled interest from the financial institution which may harm your future financial plan, as we know together since we were childhood, we were taught by our parents to have a spending habit, we were not taught how to become a money planner / investor, if you have kid, please teach them how to invest money because money is like a weapon which can help us to face life crisis, we can't be happy person if our spending habit is controlled by big interest from the financial institution.
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| Money's habit can perplex human's mind |
Basically the function of the money has two things; 1. The money to fund your survival, such as food, drink, the electrical bill, the water bill, 2. The money you need to increase your expertise, knowledge or personal branding, such as you use money to take course for foreign language, pay tuition, attending seminar, buying a book, etc. Remember this note; if you want to know how not to get controlled by the financial institution, the first thing you must do is how to adapt with a frugal life, use the money just for funding your basic needs at least 6 months ahead, if you can suffice your basic needs with 6 months of savings, then you can use the rest of your money to fund your earning skill, that’s habit that can rescue your spending habit in the future, don’t follow the majority of people who spend money without planning, starting from today, you can adopt the frugal lifestyle like people who lived 100 years ago before modern's spending habit has been developed till today, if you observed about people's spending habit in 100 years ago, they just spent their money for survival and they didn't buy their fantasy like buying something to get impression of others, or buying things they don't really need, here is the note; don’t spend the money more than 50% income, you must train your habit to suffice your cost of living at least 1 years as preparation to face a life crisis, if you keep having spending habit without enough preparation, as result, the money you earned is going to make you a money slave forever, just because you are financially free today, it doesn’t mean tomorrow you will be free, that’s mindset you need to ponder, Please don’t ask an advice to the financial institution about your financial issue, do you know why? Because they will teach you how to spend more money than your daily needs and they will not teach how to rescue your future with the money you earn, I think my explanation is enough hopefully this article can give you an idea how to improve your life, good luck.