Financial security: we all want it. We want our money secure like we want many things in our life secure. We seek for security in our home, our car, our family and we want security in our health as well. Today though, we are going to focus on one thing, we are going to focus on a financial security definition and how it will help us and how we can apply it to our lives and futures.
Merriam-Webster defines “financial” as that which pertains to finance. Finance, to further break it down, is defined as: the circulation of money and credit, liquid resources of an individual or group, and the obtaining of funds or capital. Security is defined as the state of being secure or free from fear or fear of loss.
There are a couple of quick things we can do to help ensure putting this financial security definition into practice and helping to make things a little more comfortable for us in this age of uncertainty and anxiety. These things we can do are: to have our money work for us rather than us work for our money, and to recognize that we need to constantly be evolving to increase all areas of our lives.
It seems that many in our world are focusing on getting more dollars coming into their households because it is getting more and more expensive to live in with ever increasing inflation and decreasing incomes. Incomes as a general rule have decreased approximately 7% since the year 2000 after you figure in the inflation rate. Poverty, therefore, is on the rise. We need to find a way to have our money work during times when we are not.
The traditional way incomes have been earned in the west have been by getting up and going to a 9 to 5 job and then repeating this 5 days a week for 52 weeks a year finally culminating in 2,080 weeks worked in an average lifetime. So the money was working for us during those hours we worked but not while we didn’t. This means you were working for your money for a total of 83,200 hours. How much better would it be if your money worked for you instead 349,440? Your money would then be working for you for a total of 266,240 hours more.
There is a way to do this but let me get into our second point first and then we will go into a little bit more as to how. My next point was that we need to constantly be improving ourselves in as many areas as we can; we need to evolve as we grow and mature. One of the best ways to do this is through constantly learning new things, constantly finding new ways to do things and having to be creative and use different parts of our brains to stretch ourselves beyond what we think we are so we can become what we truly can be.
How can we do this? How can we make sure this financial security definition applies to us and works for us in our lives? One way is to do affiliate marketing and work on the internet. Affiliate marketing allows you to make money while you are sleeping as well as awake. This means your money is working for you whether you are there or not. In affiliate marketing you sign up to be an affiliate with a company and then make money for each person you refer to them. How great is that? We have all seen this when the TV or telephone company says, “we’ll give you $50 for each person you refer to us.” It brings them business and allows you to participate in this process and get a little money in your pocket as well. This type of work can require a little ingenuity, though, so it does fulfill the second half of our ways to become more financially secure.
In summary, we are all facing this economic downturn and we have to figure out what we are going to do to help alleviate some of the stress of it and come out of it better than we went into it. We can help to do this by coming up with our own financial security definition and finding a way for our money to work for us when we are not and also to be constantly moving upward: evolving and not devolving.