“Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.”
~ Warren Buffett

In these series we will be discussing on the following 6 aspects:-

• Emotional
• Physical
• Social
• Financial
• Intellectual
• Spiritual

In the 4th part of this series we will understand the Financial aspect Human Mechanism.

Even if you are emotionally, physically & socially perfect, you can’t ignore the fact that money is one of the most crucial aspects of living a luxurious life. And thus you have to achieve financial stability in such a way that you need not suffer in your further life.
Above all, One of the main reasons why we are blogging here on steemit is for Monetary benefits.

Benjamin Franklin described one of the most important principles of self-finance as follows. He said “There are 2 ways to increase your wealth. Increase your means or decrease your wants. The best is to do both at the same time.”

A net worth mindset is a cornerstone principle for those who want to achieve Financial Freedom. If your Assets are A, your Liabilities are B then your Net worth is A-B.

**The Happiness equation:- Happiness = Objects / Desires **

This is a very fascinating equation pertaining to one’s financial stability & happiness. The more you desire for materialistic things the more you need to earn. If you have fewer objects (money) & more desires, it is obvious that the equation will give you less happiness. Thus to maintain it we need to earn more and spend less.

Here are five of my favorite pearls of financial wisdom from Sir Benjamin Franklin, and what you can learn from them.

• “A penny saved is a penny earned.” Saving money is the number one key to building wealth and becoming financially successful .

• “An investment in knowledge always pays the best interest.” Never stop learning. If you have a chance to take a class, or further your education, go for it. Better yet, study things that interest you on your own time. A library card is free!

• “Having been poor is no shame, being ashamed of it is.” Remembering the crushing weight of debt or poverty might be just the motivation you require to sustain your personal frugality and ensure a better future for yourself and your family.

• “He that is of the opinion money will do everything may well be suspected of doing everything for money.” You should be in charge of your money; it shouldn’t be in charge of you.

• “Rather go to bed without dinner than to rise in debt.” Don’t live beyond your means, and get out of debt as quickly as possible.Source:-

Source

Thus achieving financial stability ain’t a big deal if you have a systematic planning over your wealth.

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Let me know in the comments, How is Financial Important to you & what do you do to improve it?