Envision your actual dreams not fantasies
- August 22, 2017
- Posted by: Seedofpro
- Category: Corporate Wellness, Employee wellness, Finance & accounting
The lottery enables you to think big bold ideas but without the right mindset, you’re more apt to make irrational money decisions. You need time to gather your thoughts and control your emotions. Most financial experts agree that you need a break for a few days or weeks if you win the lottery
Have you wondered why many lottery winners lose their millions in a very short time? The lottery win isn’t going to change your money mindset and won’t improve your financial behaviors. Chances are you’re going to spend mindlessly because of your relationship with money. You’re going to experience lifestyle creep and you might even try to keep up with a new set of Joneses.
Unfortunately, most do not have a great enough understanding of the financial industry and are blind-sighted by financial events such as those described. In large part, this is lack of financial awareness is not due to choice, but instead misunderstanding. Debt-to-equity ratio, naked call, conversion price, with a plethora of financial terms such as these, often individuals get lost in the definitions of financial terms and determine that too much studying would be needed to grasp the concepts. Moreover, SWAP, LEAPS, VIX, REIT, and the many other financial abbreviations commonly intimidate beginners. Undoubtedly, the sea of financial lingo can be very confusing for those unfamiliar with the industry. However, all hurdles can be overcome by individuals quickly and easily in just a few steps.
Step 1: Set a goal – Create a goal of what you are trying to accomplish by gaining financial awareness. This could be as simple as being able to have early warning signals of catastrophic events that can alter your livelihood or as complex as seeking to earning a certain percentage of returns on investment utilizing various investment vehicles.
Step 2: Learn about all investment options – In order to make a fair assessment of what areas you want to monitor and/or invest in, you first must have an understanding of all the major options available, as well as a general understanding of how they operate. Important investment options to research include equities, bonds, mutual funds, ETFs, commodities, and currency. Equity Scholar does offer structured courses on these topics to help individuals understand how to utilize these powerful investment options
Step 3: Utilize a learning instrument – Having the right coach, mentor, or instructor will make sorting through the endless amount of financial knowledge easy and attainable. Equity Scholar specializes in consolidating the most important financial information into easy-to-follow trainings in order to ensure absorption of the information needed to gain financial awareness
Step 4: Stay on top of the current events – With an understanding of how the financial markets operate and how current events can alter performance, staying abreast of the latest news affecting the financial world will no longer a challenge. Spend a little time each week assessing trends and identifying potential developments that could cause an impact in the areas that affect you most. By doing so, you will be adequately prepared for anything that comes your way.means that new employees will be attracted to the organization.