In this article you will find five motivational quotes to help you have a better day!
“Finance is not merely about making money. It’s about achieving our deep goals and protecting the fruits of our labor.” – Robert J. Shiller
Finance is not just about money. Financial planning involves analyzing the current financial position of us as individuals to formulate strategies for future needs within financial constraints. Personal finance is specific to every individual's situation and activity; therefore, financial strategies depend largely on the person's earnings, living requirements, goals, and desires, so it's directly related to our future.
Finance needs to be a principle in your life, because it's not just about getting rich, it's about securing your and your next generation's future, if you want your people future years to have comfort and enjoyment, apart from work and effort, you need to take into account that finances are the basis of all that. You need finance to protect the fruit of your labour, which we don't doubt that it took you a lot of endeavor.
Make money is a fundamental piece, yes, we're not denying that, but without the other elements that involve finances, you won't be able to make much progress. To introduce you to what finance means you can't avoid the theory, so some research is needed, it can be in books, on the Internet, or nowadays, even movies and videos are useful.
You'll have a better idea of what it means and what it implies so you can properly apply it in your life.
“Risk comes from not knowing what you are doing” – Warren Buffet
In the world of finance, risks should not be allowed. The loss of money will always be something that causes a lot of stress, because of all the effort it takes to get it, and sometimes, all financial plans are based on this and could get ruined. There will not always be 100% accuracy in your plans, but you must ensure that you do your best to reduce the error rate.
So the best you can do is always being informed in the best possible way. Nowadays there are too many sources of information, which would be wasted if we don't take them as the excellent learning tools they can be.
Individuals, financial advisors, and companies can all develop risk management strategies to help manage risks associated with their investments and business activities. Academically, there are several theories, metrics, and strategies that have been identified to measure, analyze, and manage risks. Some of these include: standard deviation, beta, Value at Risk (VaR), and the Capital Asset Pricing Model (CAPM). Measuring and quantifying risk often allows investors, traders, and business managers to hedge some risks away by using various strategies including diversification and derivative positions.
“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative” – Benjamin Graham
To become a successful investor, ideally, you should have a knowledge base as broad as possible. Research and learn about all you need: theory, practice, risk factors, when, where and how to invest, everything. So you can be really sure about the steps you make in your investment schemes.
So real investors are people who are prepared, confident, willing to take every learning opportunity, and succeed in every move. Of course, there will always be an error margin, but we must make it as narrow as possible, because we are not talking about a meaningless risk, but about the money you have earned with effort, and it's part of your most valuable possessions.
Most investors should avoid speculative stocks unless they have the time to dedicate to research, while traders should be sure to use risk management techniques when trading speculative stocks to avoid sharp declines.
“Whatever the mind of a man can conceive and believe, it can achieve” – Napoleon Hill
Sometimes we dream of achieving things that look very unlikely in our minds. But nothing is impossible, so whatever your dream is, you must set out to work until you achieve it. Your dream house, your dream car, your dream work, a life of wealth, travel to the country you want, something big you’d like to reach about your career, anything!
Who are you and what do you want? Create a vision for your ideal life. Make a vision board. Write down your goals daily, like most millionaires do. Set short-term goals and know what you are calling in each month.
The belief that those desires are very far away from your reality, due to the effort and difficulty involved in obtaining them, as opposed to simpler things, can take you over and make you feel like you never will. But it's necessary to dissociate yourself from this misconception that limits and incapacitates you.
You came to this world, with a life mission, let's say, and what else would it be if it's not achieving what your mind tells you you can and need? Follow your instincts and if that dream moves you and makes you smile while you think about it, you need to go behind it, prepare yourself, work hard, think bigger!
“The man on top of the mountain didn't fall there” – Vince Lombardi
Chasing your dreams is not an easy work. It requires commitment, approach, effort, constancy, and a really determined perspective about what you want to achieve. It isn't something you can achieve overnight or just by luck. To reach the top you need to climb the whole mountain first.
There are many things that can define a successful person and a million reasons to decide to become one. If you follow your dreams then you will have something worth sharing with others, hope, inspiration and a meaning to live.
If reaching our goals were simple, it would lose all grace, because the most important thing about this challenge is, the path, what we can face and what we will learn during the whole process.
Finding motivation can be hard with big dreams or goals that seem scary or out of reach. Courage is your fuel to achieve these amazing goals in life.