The really good thing about the global financial system is that it takes a very long time to change into a new form of itself, never really completely changing, but rather evolving into a different form. It’s never too late to take a closer look at things and actually see them for what they are so that you can make the necessary adjustments to the manner in which you handle your finances, so as to benefit from this evolution.
Evolving it definitely is though and here’s how you can get on board (there’s no time like the present):
Converting monetary value into lasting intrinsic value
This is perhaps the most important step you can take in order to not only benefit in future from the evolving financial system, but just to merely survive. Think of it this way – what would you do if you were out of your job for a full twelve months or indeed if you lost whatever source of income you currently have, be it a business or some returns on the investments you’ve rather wisely made?
Chances are you’d be in complete financial ruin, right, unless you really have the type of savings which could have you taking such a hit or unless you have some lasting intrinsic value to fall back on? We’re not talking here about looking towards that qualification paper you have which says you hold a degree, diploma or whatever else you think you could use to get back on your feet by perhaps getting a job again, no. When we talk about lasting intrinsic value we’re referring to real value – value which you can deploy to sustain and continue to develop your life or to merely survive should you lose the ability to bring in an income.
It’s about going back to basics or rather targeting the bare basics, which encompass the basic human needs required for survival. We’re not talking about luxury or gambling needs like playing slots online, we’re talking about basic needs. So what you have to do is work on converting any monetary value which comes into your possession into tangible value, such as how you might fast-track your investment in a property which you want to own someday soon, so that you could perhaps live off the land if needs be.
Making provision for financial emergencies
This is a no-brainer in that as much as your primary aim is to focus on owning tangible value you can use for survival, financial emergencies can still happen, so through the likes of insurance coverage, etc, you should indeed plan for a financial rainy day that could hit anytime really.
Dealing as direct as possible
Every service you use to make a payment or to do with anything in the financial sector pretty much accrues charges and these can be minimised by dealing as directly as possible with the financial institution or financial services provider from which you require the identified services.
Understanding the power of concerted numbers
Things done as part of a group of people who have the same common goal generally get achieved faster and more effectively, so if you can, join as many people who share the same goals of preparing for the evolution of the financial industry as possible.
Author: Oliver Curtis
Hi there. I’m Oliver. I’m just a young boy from the outskirts of… Okay, that’s a lie, I’m not a young boy anymore, although I certainly feel that way at heart.