Think. Tank. Challenge Essay
Success, not just a word, not just handed to you, it’s the ideal satisfaction in which is taken into consideration of striving towards what you truly desire. Individually speaking, success isn’t determined by what you have materialistic wise, it’s through self-acknowledgement of what you have accomplished. Based upon what I’ve learned through the NuVision Think Tank Challenge, I’ve come to know a lot about how time can either be your best friend or worst enemy, how financial independence can be interpreted into your own lifestyle, and how the simple task of establishing a financial plan can and will lead to individual wealth.
Having the ability to structuralize a solid pathway will be the number one key in regards to getting from point A to point B. The more prepared you are the better; meaning you won’t face hardships in regards to future payments, debt you may encounter, and insufficient living protection. Of the examples I mentioned, unfortunately, many people living in America today face these the conditions and eventually will find themselves in a very troublesome lifestyle. Now this leaves you to think, “What can I do financially to reach the potential wealth and financial independence that I want to achieve?”
Speaking on behalf of what I’ve learned, keep time by your side; manage your financial state from wants and needs; and establish a plan. In other words, do what’s right for you. Having a source of financial education is essential in regards to traditional sources for retirement income because of pensions, social security, and personal savings. On top of that, three fundamentals that will lead your financial lifestyle to success is time, rate of return, and taxes. This ties into establishing a plan, you can do so by inputting your financial stand point into a chart which ideal) l should tell you what you’ll be making in the future and also what you can put aside for the future.
Let’s just stop for a second, so when we really think of success, the first thing that comes up for others including myself is wealth, instant gratificatio1 of things that make us look as if we’re loaded, and happiness. In reality, there really is no American Dream, to each is its own. However, with success, you achieve happiness. To be happy, just love what you do, but you also have to keep in mind your financial standpoint.
Personally, I don’t know much about spending and saving only because I’ve never had a job don’t have anything to do with handling money, but from what I’ve learned, financial independence is the real goal in regards to living in the real world. That means saving more and spending less, developing long term savings, living by your own mean, and being able to support others in times of need. Long story short, having peace of mind.
Overall, success will always be a matter of how you’re going to get there and what you will do to achieve this goal, but it’s essential to remember that you have to do now, so you can do what you want to do later. It’s all just a matter of planning it all out. I thank NuVision for teaching me and broadening my perspective of how I will reach my goal, and also for my new understanding of how time can either be your best friend or worst enemy, how financial independence can be interpreted into your own lifestyle, and how the simple task of establishing a financial plan can and will lead to individual wealth.