Taking control of your finances will change the trajectory for the future. It can open more doors and give you more financial stability. 70% of Americans say their financial planning needs work. That statistic is extremely alarming. Make a difference in your life for the better. Here are a few reasons to take control of your finances.

April 3, 2021

By: Darius Malbon

1. Life Goes By Fast And Can Be Short

We get one life here on Earth as we know it. Also, we cannot get time back to us. Enjoy your life by taking control of your finances. When an individual takes control, they give themselves the ability to position their lives in a strategic manner. It can open up options and doors in life as well. One important advantage is having that peace of mind that we all seek.

Reflection 1: Prepare financially before it’s too late.

2. Don’t Need To Depend Financially On Others

Take control of your future to live the life you desire. Depending on others has the potential to go downhill. If you want to retire, figure out the necessary numbers so you can make that happen. You don’t want to depend on the government or others if you don’t have to. Remember, the economy always crashes for a certain amount time. You don’t want to be dependent on others when that happens.

Reflection 2: Become financially independent.

3. Provide For Your Family

Taking care of those that you love and support is a great reason for financial stability. Having children in this world is a special privilege. Having that financial stability opens doors and can make life less stressful. This also can allow your children to learn from you which in return will allow them to have solid habits for financial stability as well.

Reflection 3: Support the ones that you love because they are depending on you.

4. Can Handle Emergencies And Life Surprises

Life will always through a curveball. We cannot stop life from happening; however, we can always be prepared which will give us the best chance of overcoming the obstacle. If you never plan financially, you are basically asking life to absolutely crush you. Don’t allow that to happen! Prepare, save, budget, and manage your finances.

Reflection 4: Preparation is key.

5. Ability To Follow Your Dreams

Financial stability can allow you to live the life that you want and desire. We get one life here on Earth. Wouldn’t it be great to wake up everyday to live the life you dreamed of? Not having the finances in place makes achieving your dreams and goals that much harder to achieve.

Reflection 5: You deserve to live a life that you’re proud of.

Proverbs 22:7 – The rich rule over the poor, and the borrower is servant to the lender.

Disclaimer: This is for general and educational purposes. Profits or losses are not guaranteed. We are not liable for your financial engagements nor outcomes.

Contact Info:

• Website: www.dariusmalbon.com

• Email: dariusmalbon@gmail.com

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Sources:

• Christo Petrov, “12 Personal Finance Statistics to Know in 2020” Spendmenot, March 31, 2021, accessed April 3, 2021 https://spendmenot.com/blog/personal-finance-statistics/