Smart Finances
Achieve financial stability and move confidently towards your goals
Do you manage your finances wisely or are you still suffering from financial stress?
A common misconception is that earning money is the only way to financial security. In fact, the three essential components to achieve healthy finances are:
- Finding a way to make money.
- Learning to save with purpose.
- Learning how to grow your money.
When you practice Smart Finances, you understand how money management works. You can improve the way you generate and manage your income, ensure proper long-term financial planning, and discover alternative sources of income to help you build a more prosperous life.
Let's talk about income and our well-being
Lack of financial stability and relying on a single income has a significant impact on our health and well-being:
60%
of adults report feeling anxious due to financial problems.
25%
of people experience insomnia related to financial stress.
70%
of married couples indicate that finances are a major source of tension in the relationship.
50%
Financial instability can increase the risk of depression.
It's no wonder that financial stability plays such an important role in preventing stress, anxiety, and improving the quality of life! To make your dreams come true, it is important to find the balance between what you have and what you want. When discovering alternatives that help you generate additional income, choose the one that allows you not only to achieve financial stability but also to making the world a better place to live.
Difference between earning money, saving it and multiplying it
Earn Money
It means generating income through a job, business, or investment.
Its main focus is to increase income.
Common ways to earn money include salaries, wages, commissions, sales, and business.
The main risk is relying on a single source of income.
The ultimate goal is to generate enough income to cover expenses and pay financial obligations.
Save Money
It means effectively managing expenses and savings to avoid losses.
Maintaining and protecting existing funds.
Budgeting, reducing expenses, and systematic saving.
The main risks include inflation, unexpected expenses, and poor financial management.
The ultimate goal is to secure a stable and safe financial foundation. Save and have an emergency fund.
Multiply Money
It means investing savings to generate additional returns.
Growing capital through strategic investments.
Investments in stocks, real estate, bonds, mutual funds, etc.
Having savings for investments, increasing net worth.
Learn here how you can create healthy finances with a venture with NIKKEN.