Week 5

Finance Stability 

                     This week was pack of different information and really good material, that give a better picture of the way to become an entrepreneur. The thing that I want to focus this week is about Finance or personal finance. I want to start with thought that dont underestimate the power of money. In the Rich Grad video https://www.youtube.com/watch?v=11yT_lZag3Q  talks about how money amplify who you are at the core. So a generous people who has more money will become more generous and same for someone else who has different characteristics.  Most of people focus more in the income and if they can earn more money, and focus less on what are their expenses or how to they manage those money. A good money management will help you figure out those expenses that are not needed, and not worthy of working the extra hours. When most of us focus more on the income and expenses, which just help us to stay out of debt to survive for this month, that are 2 other aspect of finance that can help us realise better where we are going and this are Assets and Liability. Assets brings money in doesn't matter if we are working or not and Liability gets money out of pocket. If we are able to make good choice and not be tempted but the phrase buy now and pay latter and the powerful marketing world, we can invest those money in assets instead of liability. This way money will generate more money and have a better financial stability. Having a stable financial life will not help you in the temporary and material life but even in the spiritual life. How come ?

Simple if we are focused on how to accomplish our first needs on how to get out of debt we will lose track of our faith, our mind will be busy thinking, where to find money, money, money, so will forget our lord or will not have time for him. If we manage our resources good we can have a prosper life spiritually and temporally. At the end goes back to the quote: Money isn't the most important thing in life, but 

most important thing in life require money.