Developing oneself economically.

[Prosofina_G]

Actually building your self economicaàlly is a very big task, and it has to do with total submission either skills or educationally, it is not a day goals to acquire financial stability, there are so many things to look at before standing out as someone who has developed economical.

1. INCOME GENERATION
2. INVESTMENT/WEALTH BUILDING
3. FINANCIAL EDUCATION
4. CAREER AND SKILLS DEVELOPMENT

With the above mentioned categories you can be able to develop economically balance status.
Take for instance the INCOME GENERATION, this is a process of setting series of businesses in other to grow balancing.

INVESTMENT WEALTH BUILDING: this is a process of investing in real estate and crypto, in balancing economically.

[Viscore]

For some, it only takes good courage and smart decisions and strategies in life to make economically successful. You don't have to be well-skilled and highly educated financially and physically, but just clear goals and objectives in life.

Luck is also a big factor. If you don't have that luck and get the best opportunities in life, life will still be seen struggling economically.

[abhiseshakana]

What you've said about income generation, investment, financial education, and skill development is true, but I believe that financial stability is impossible to achieve without a foundation of character and mindset built from childhood. In my opinion, financial character, habits, and mindset are far more important than any financial instrument. I teach my children the foundations of economic character by distinguishing between needs and wants, delaying gratification, understanding the value of money and the price of goods, and being disciplined. This is so my children won't easily fall into the trap of a consumerist lifestyle, won't be tempted by instant results, and will be better able to make rational decisions. Because strong financial character equals long-term financial resilience. Without it, even a large income can be depleted, investments misdirected, and skills underutilized.

Take the Income Generation app; income generation isn't about the number of businesses started; it requires the ability to identify opportunities, work discipline, consistency, risk management, and problem-solving. All of which, if we consider them, are rooted in early character development, not just technical issues. With character, someone who has a business will not give up easily, can distinguish between personal and business finances, and can make rational decisions.

Financial education should be a family culture so that children grow up with a managerial mindset, not a consumer mindset. I teach my children to create simple budgets, save for what they want, understand wages and assess productivity, and practice delaying purchases.

In investing and building wealth, I believe that no matter how good an asset is, one will not become wealthy from investing without discipline. Patience, the ability to manage emotions, understand risk, and avoid greed or panic are mandatory. All mental and character qualities can be developed through education and habits from childhood. Skills can be learned, but perseverance, work ethic, focus, time management, and mental resilience are formed from childhood. That's what separates those who successfully monetize their skills from those who don't.

Financial stability isn't the result of one big step, but thousands of small habits formed from an early age. Income, investment, education, experience, and skills are important, but without a foundation of economic character such as discipline, patience, consistency, and understanding the value of money, none of them will last. Therefore, a person's economic development begins at home: through financial literacy, parenting, and character building from childhood. These are the roots of long-term financial stability in the microeconomics of an individual or family.

[fruktik]

For some, it only takes good courage and smart decisions and strategies in life to make economically successful. You don't have to be well-skilled and highly educated financially and physically, but just clear goals and objectives in life.

Luck is also a big factor. If you don't have that luck and get the best opportunities in life, life will still be seen struggling economically.

Yes, believe me, luck certainly plays a role, even in developing your own business. I personally know people who aren't particularly bright, yet they've managed to start their own businesses that generate quite a substantial profit. If you talk to them, they can barely string together a few coherent sentences. For them, the circumstances have miraculously conspired to create a favorable outcome. From the outside, it seems like some kind of miraculous miracle.

[Mate2237]

Economic stability is something that is gotten in a day but is a product of several efforts put together that is fueled by purpose.the place of self development in the road to economic freedom is one thing that can't be replaced by anything, people has to be intentional about their self development because you can't grow above your level of self development and that includes in the area of finances too.



Investing doesn't only mean using your money in settings up a business, it also means that you have to be taken courses that will help you take financial decisions that will see to it that you become more financially responsible and stable.economic development is one area that people has to take if one is to live a happy life.

[Despairo]

Honestly I don't like theory, it's too much blabbing.

People can learn by themselves whenever their money reach some "tier", when they work and they only earn same amount for every month. They will think how to increase their earnings, they either take side gigs or study. After they earn bigger amount and they have a good amount of money that they didn't use, they will think a way to grow their money from their wealth.

It's all about your own condition and it's better to have the money first rather than money management without money.