Finance strategy
Do you have a finance strategy? And when I ask “you” i mean individual or company.
What is Finance Strategy? (with my own words)
Designing a way to obtain certain objectives through the financial methods
Why is good to have a finance strategy?
Because it can bring you tons of money, it can help you save a lot, it brings peace of mind and will minimize the risks of going bankrupt
What are the elements of the finance strategy?
The resources (existing and periodically cash flows), the contracts with financial institutions (including the leverages – existing commissions of changing currency, interest rates, potential stock portfolio, etc)
Who can have a finance strategy?
Well, companies should have it… Because they do have money and need for money, and those money can help you or not. For example is a petty to have cash and keep them for the currency of the daily account and not moving them into higher pay interest rates (savings account, bonds, stocks, etc). Also normal people should have a financial strategy. Actually, this a major flaw in the actual learning system, because you are not been told how to manage your money. And 95% of Americans are living without a clue how to save their future. People are spending from credit cards, they believe the non-sense about public pensions funds, etc.
I strongly suggest everyone to improve their financial background and have a strategy by their own, in order to gain financial independence. Otherwise they will be slaves for ever.
