Stable property means freedom of wealth, no loans, no money owed to anyone. You can invest in the projects you want to invest in to ensure the living standards of yourself and your family. No money pressure. There will be a stable fund income every month. Fund income is greater than expenditure.
Topic: How is financial stability defined for you? - page 9. (Read 1437 times)
For me financial stability is more free money. I mean there are a money that i can use freely beside my savings, investment and any other assets. I think financial stability for people mostly about how much money that they have, although maybe some people said that not much money but they need to fulfil their needs first and of course not only that, they need to gain happiness and that need money.
Well, having financial stability does not literally mean that you have a lots of money on hand. For me, it simply means that if i can live my life the way i want without money pressures, then i can call myself financially stable. And even if i don't have to work hard to provide my family needs for their survival, at least i have good resources that creates an income, then its financial stability. And yes, making passive income from my investments will always be a good factor to have financial stability today and in the future.
The point is simple when the needs in your life can be met properly without the slightest obstacle even your desires are easy to obtain even with savings and so on. Because, the main factor of financial instability in a person's life when he experiences problems in meeting his needs such as housing or to eat.But for those who are already rich, it may be financially stable when their wealth does not decrease and even increase. It's already a different thing again right?
https://www.youtube.com/watch?v=rJjKP8vYjpQ
This is financial stability. This is the best case that you could hope for. If you watch this, and "really" understand what it means, not really take it word by word and do that but get the idea of it, then you know what financial stability is all about. If you are comfortable but still need to work a bit to cover your expenses, but have the position of fuck you, then you are fine.
I do not need millions of dollars to feel financially stable, all I need is 100k or anything like that, could be higher could be lower I did not calculated it to be honest but that is all I care about. This means that if I am working and paying my regular stuff, and then have a side investment that covers any unexpected stuff that might occur, then I am fine. Think about it like 20% more salary for you, that is the type of stability you should be aiming at, whatever you salary is, your investment should yield 20% on top of that (number could change from person to person and nation to nation).
This is financial stability. This is the best case that you could hope for. If you watch this, and "really" understand what it means, not really take it word by word and do that but get the idea of it, then you know what financial stability is all about. If you are comfortable but still need to work a bit to cover your expenses, but have the position of fuck you, then you are fine.
I do not need millions of dollars to feel financially stable, all I need is 100k or anything like that, could be higher could be lower I did not calculated it to be honest but that is all I care about. This means that if I am working and paying my regular stuff, and then have a side investment that covers any unexpected stuff that might occur, then I am fine. Think about it like 20% more salary for you, that is the type of stability you should be aiming at, whatever you salary is, your investment should yield 20% on top of that (number could change from person to person and nation to nation).
To me financial stability is what I called real wealth you know, having most of your money secured in investments all around the globe either real estate and others like future technologies, this is true definition of wealth which is far different from been rich
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Financial stability is also about being resilient to economic crisis when it happens, and as history shows, they do happen regularly, so in a lifetime a person would experience multiple of them.
Financial stability is also about being resilient to economic crisis when it happens, and as history shows, they do happen regularly, so in a lifetime a person would experience multiple of them.
I think you are right, financial stability is about being resilient to changes, and things can change pretty fast! I guess the only way to be prepared is to diversify... to have something from everything, so when the "weather" changes you have something valuable for trading! And for sure you are right that in a lifetime each of us experiences multiple crises, so it's always a good thing to think ahead! Of course, saving for rainy days is possible only if your income is higher than your expenses! And many people in the world struggle with that...
I think financial stability is between income and expenditure can match even income is greater than expenditure, to be able to achieve financial stability of course we have to learn a lot and invest in various types of promising investments, and I am currently investing in stocks, mutual funds and cryptocurrencies to be able to achieve this. financial stability before I was 35 years old.
To me financial stability is more of a long term thing, for example - having a job that will still be in demand in 20 years, have passive income from real estate or other safe assets. And of course the amount should be enough to cover basic needs and some extra purchases.
Financial stability is also about being resilient to economic crisis when it happens, and as history shows, they do happen regularly, so in a lifetime a person would experience multiple of them.
More or less my definition of financial stability is the same as what you have described,Financial stability is also about being resilient to economic crisis when it happens, and as history shows, they do happen regularly, so in a lifetime a person would experience multiple of them.
In living life financial stability is really very important, especially in today's era,
Of course it is not easy to achieve stable finances, it takes more effort
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Financial stability is also about being resilient to economic crisis when it happens, and as history shows, they do happen regularly, so in a lifetime a person would experience multiple of them.
Financial stability is also about being resilient to economic crisis when it happens, and as history shows, they do happen regularly, so in a lifetime a person would experience multiple of them.
I think you are right, financial stability is about being resilient to changes, and things can change pretty fast! I guess the only way to be prepared is to diversify... to have something from everything, so when the "weather" changes you have something valuable for trading! And for sure you are right that in a lifetime each of us experiences multiple crises, so it's always a good thing to think ahead! Of course, saving for rainy days is possible only if your income is higher than your expenses! And many people in the world struggle with that...
To me financial stability is more of a long term thing, for example - having a job that will still be in demand in 20 years, have passive income from real estate or other safe assets.
Financial stability is a prime parameter which needs to be carefully handled because this only will define how we are going to lead a comfortable life based on our main income stream and savings. So, planning up anything in long-term only will help anyone to achieve the level of financial stability.Unfortunately people are considering their current situation and if it is stable then they are assuming that they will lead their life comfortable for the rest of life. But, they need to consider the inflation rate so that they could plan up for long term.
Any plan for financial stability without considering the inflation rate will definitely fail.
How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?
For me financial stability doesn't mean a pile of money. I am satisfied when I have enough money to pay all my basic expenses, to spend some on entertainment and to invest some (10%-20% of my salary). My aim is to make such a passive income that will provide all my monthly expenses. This will mean for me financial freedom, so I will work only if I want and all additional money I will invest to have a bigger passive income.
To me financial stability is more of a long term thing, for example - having a job that will still be in demand in 20 years, have passive income from real estate or other safe assets. And of course the amount should be enough to cover basic needs and some extra purchases.
Financial stability is also about being resilient to economic crisis when it happens, and as history shows, they do happen regularly, so in a lifetime a person would experience multiple of them.
Financial stability is also about being resilient to economic crisis when it happens, and as history shows, they do happen regularly, so in a lifetime a person would experience multiple of them.
being able to control desires is important to make our finances stable.
You are trying to emphasize the importance of saving and I agree that saving alone will make one richer rather than how much they are earning. Saving without spending for unnecessary things will definitely help anyone to achieve the level of financial stability regardless of how much they are making for their living.For me financial stability doesn't mean a pile of money.
This sounds like concept of socialism but capitalism is suggesting you to dream about more so that you will earn more it is like you must feel like you are not having sufficient earning so that you will go for more opportunity to earn more to get more financial freedom. 
How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?
For me financial stability doesn't mean a pile of money. I am satisfied when I have enough money to pay all my basic expenses, to spend some on entertainment and to invest some (10%-20% of my salary). My aim is to make such a passive income that will provide all my monthly expenses. This will mean for me financial freedom, so I will work only if I want and all additional money I will invest to have a bigger passive income.
I think financial stability is determined by needs and wants, many people buy things that are not important or there are alternatives that can be used, this is what makes their finances unstable. being able to control desires is important to make our finances stable.
How do you define financial stability for yourself?
What's your take on this?
What's your take on this?
Financial stability for me is to live comfortable and to have a job that can sustain me and my family in everyday survival in life without any financial problems and ofcourse debts, plus having some nice 2-3 passive income or source for our family's wants, needs and incase of emergency we won't have to worry about the financial aspect. And ofcourse to sustain any lifestyle we want.
I mean, frankly, we all want to be wealthy in different terms that can sustain our daily needs in life. Sure, we differ in a lot of aspects in life but in the end, money is indeed what we need in order to survive this harsh world wether we like it or not, that's the reality in life.
In my opinion, financial stability is getting to a place where your debts are low in relation to your income stream.
It can look very different to different people because we all have such different spending habits and lifestyles.
But the point is not being burden by your debts and/or not making enough income to support your lifestyle.
It can look very different to different people because we all have such different spending habits and lifestyles.
But the point is not being burden by your debts and/or not making enough income to support your lifestyle.
In my opinion i think that there is no such thing as financial stability, with the current age and time and with how we are constantly having these economical issues and with the constant inflation of the fiat currency it is difficult to be sure whether you will have enough, especially if you are getting paid just enough to pay for the bills and what not, so i feel like it is critical that everyone should be looking to always keep increasing their capital in one way or another, whether that is seeking jobs online or in the real world, because having that extra income can really help, and certainly for me i feel like having to seek it i allowed me to try out different things and all kinds of jobs and it lead me to find out about crypto and bitcoin, so even if we can't reach the point where we are completely finically stable we at least it is making our life more meaning and keeping us active in the search to reach it.
stable is when you get something for the first time until the end at same portion. financial stable, when you get thing called money and you spend for your daily, just for daily needed, without anything, and you have the rest for your save storage.
doesnt mean if you have big salary will called stable, because we dont know how much we can earn in next month.
the other thing that make us happy, though we dont need it is different. because financial stability for me is how much we spend just for daily supply.
doesnt mean if you have big salary will called stable, because we dont know how much we can earn in next month.
the other thing that make us happy, though we dont need it is different. because financial stability for me is how much we spend just for daily supply.
I think when we have financial stability, we often spend more miscellaneous, sometimes it doesn't have much specific purpose, it just seems to be a temporary lust because at this point, we are already so knowledgeable about our own finances, the petty expenses will no longer be so important when our financial resources are fully compensated and still stable. In theory and such visualization may make us feel that this path is simple but finance is one of the areas of risk, for example, investments and businesses always consume a lot of capital but sometimes there is no response
I have to say in a middle class type of situation it all depends on one thing to go wrong. The past 2 months have been one of the biggest earning months of my life and it was also one of the highest spending one at the same time. So that means if you have a great life that you are sure that you could save aside if everything goes right, it could go wrong all of a sudden, one sickness, one technical item broken and so forth and suddenly you spend it. My PC is basically "broken" it is kept safe with horrible stuff basically and it may never work very soon (or just replace some stuff and hope to start again), that means I still have a lot of things to pay let alone the ones I already paid for because of some hospital stuff. When you look at the income I have, it is a high level for the nation I am in, it is really good, but at the same time it is not enough. Stability is not something that is guaranteed, if you have something unexpected, it keeps getting drained.
When you do have this kind of mindset then those unexpected spendings or expenses will really be just covered up because you had already prepared for that and thats the beauty on having this kind of mindset on where you should be prepared on everything.
Not only talking with expenses but also on how to you earn income.You would be finding lots of various sources as much as you can.
You wouldnt really stick out on a single source.
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