Financial Stability Isn’t About How Much You Earn?

[Nomad]

Have you heard about entrepreneurs and rich celebrities becoming bankrupt? Well, building wealth isn’t about how much you earn, it is about how well you manage your money. Someone earning $500 might build a better financial security if it saves just 10 percent compared to someone earning $1000 but does not save even 1 percent. When saving is paired with investment, even a small income might help you become financially stable.

 

[Fidelia]

Money management is really about making sound financial decisions that would help to boost your financial life.

 

[Springtime]

Agree. Your ability to earn does not mean that you get financial stability. It depends on how you manage your finance.

 

[Fire&Rain]

totally agree with you. Having the ability to save even 2% of your earnings and invest some also then you would have managed your earnings the best way.

 

[arunima25]

A good financial literacy and a good financial discipline can help anyone build a good financial stability with whatever they earn. If you lack either of these, your earnings would be spent in no time, no matter how much you earn. Savings and investments should start from the very beginning of your earning stage. And you would financial literacy and financial discipline for that.

 

[Augusta]

Financial stability isn't about how much physical money you have but how comfortable you can live on a standard budget

 

[Suba]

That’s right, financial stability does not depend on how much money you can make but financial stability depends on your ability to manage money well and wisely such as controlling budget, investing, saving, emergency fund, retirement fund etc.

 

[King Belieal]

There are people that have so much money and are still very broke. It is not about earnings but management.

 

[arunima25]

Financial stability is there only if you get some Financial maturity and self control. You are not lured by any scheme that promises you to become rich overnight. You make informed decisions and don't fall prey to ponzi misleading schemes. I have seen people getting blinded by these kind of schemes and loose all their money.

 

[Stardom22]

Of course yes, the financial stability has nothing to do with the personal income. It really depends on how much is being saved f

 

[eLdavis]

Yes you are right, financial stability is not about how much you earn, but mostly about how well you can also sustain what you earn.

 

[Stardom22]

The financial stability entails everything about your personal finances not forgetting investments, savings and the accumulated wealth if possible.

 

[Tray59]

Financial stability means how much you can plan and think well with the little resources within you if you can plan and utilize the resources within you ,I bet your success must be sure ,so it's not all about how much you can make but how fast you plan

 

[Trush Jodie]

Financial stability is basically about how much you earn first. If you don't earn well, no way you can plan anything tangible.

 

[Augusta]

Financial stability isn't about how much you earn; it's about how you manage what you have.