HOW TO AVOID FINANCIAL MISFORTUNE.

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I have been writing about various  aspect of financial misfortune and I started my write up on how financial misfortune is the worst thing that can happen to a person. In my second write up concluded that financial misfortune tears family apart if not managed properly and my third write up mentioned the 5 major things that financial misfortune must not turn a person to.

The best way to avoid misfortune in any aspect of life is to avoid being a victim of such misfortune; therefore I will say that the best way to avoid financial misfortune in today’s economy is to start doing something that constantly makes you money.

SOLUTION TO FINANCIAL MISFORTUNE.

Here i want to point out some specific solution to financial misfortune but you might need to 

1.      maintain multiple sources of income to be able to rise above sudden or constant financial difficulty. Maintaining  a multiple sources of income is the best way to avoid financial misfortune and you can do this by:-

(a)    Getting a paid job:   Get a fixed hourly job that pays you wages or salary daily, weekly or even monthly depending on the payment rule of the place where you are working.

(b)    Start saving for the raining day or towards starting a business for additional sources of income as long as the business will not affect your paid job.

(c)    Invest in profitable business and keep on reinvesting part of the profit made from the business back into the business to aid the fast growth of the business.

(d)    Invest in assets that you can turn to money with ease if the need arise: In my country landed property is a wonderful asset that brings in a handsome income for people that invest in it  monthly or yearly. I f you have the money you can invest in landed properties, you can invest in shares, you can invest in Forex Trading ( Forex Trading is a risky venture, you must make sure that you learn it before you put money into it and it is also one of the way you can make fast big money if you know how to trade forex, you can start trading  with as little as $100 or even less.

(e)    Get a Vocational training: If you cannot get a paid job for any reason get a vocational training, if you have none.

 What is the meaning of vocation?

It means a skill that you acquire. There are many kind of skill that one can acquire and then offer such skill in form of service to people who need such services in exchange for a fee and so making money from such skill.

Example of some vocational jobs that you can acquire skill on:

1.      Photography

2.      Carpentry

3.      Blacksmith

4.      Goldsmith

5.      Beautician i.e. hairdresser, fashion designing etc.

6.      Instrumentalists