"This Pillar involves understanding financial basics, planning personal finances, and navigating investments. It’s also about finding the link between wealth and happiness"
Covers your grasp of fundamental financial concepts such as spending, earning, saving, taxes, and credit. It includes personal financial planning skills and understanding how to manage your own finances. Additionally, it involves knowledge of the investing market, including the stock market and various investment opportunities.
Examines your budget and spending habits, including how you prioritize basic needs versus luxuries and desires relative to your income. It involves comparing your financial situation to others and addressing any feelings of envy. Additionally, it reflects on the balance between happiness and wealth, considering how a simple life and overall contentment relate to financial success and potential greed.
Involves setting clear financial goals, both short-term and long-term, and developing a strategy to achieve them. It includes regularly reviewing and assessing how effectively the financial plan is being executed, ensuring that your strategies align with your objectives and are adjusted as needed to stay on track.
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