Personal Economic Independence: Execution of Economic Work

Execution of Economic Work:

An economic work requires three steps for its execution; acquirement of marketable financial skill(s), setting up financial targets, short run and long run, and implementation of financial skill(s). Firstly, it is binding on the economic agent to gain knowledge and establish skills relating to the profession he/she chose. Peter F. Drucker, an American management consultant, in his book, The Practice of Management, inscribes the situation of lacking financial intelligence: “if he (the worker) lacks information, he will lack both incentive and means to improve his performance.”

Secondly, realize what you want in future and set up financial targets accordingly. A rational economic agent must have purpose(s) to earn monetary benefits; aimless chase of wealth without any specification of income stream is wrong. Lastly, put the acquired financial skills, proactively, in application to realize financial targets.

← Selection of Profession

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Personal Economic Independence – Selection of Profession

profession

Source: Google Image

Opting the Right Profession:

There are boundless economic works available in the modern world. Needless to say, the invention of internet and technology has further introduced oodles of online works as well. Selection of the right profession is duty of the economic agent. How may he/she opt for the right profession? Jeff Goins, author of the bestseller, The Art of Work, gives answer to the question. He offers a stunning approach to discover the purpose of life. Once the purpose is realized, one can consequently comprehend the right profession. Jeff writes:

“When you pay attention to your life and the lessons it can teach you, you won’t feel so lost. Your story will seem less like a series of disjoined events and more like a beautifully complex narrative unfolding before you. You will understand each setback, inconvenience and frustration as something more than what it appears to be. And perhaps, as you listen to it, your life will speak.”

Jeff, in his case, listed out a few memories from his life and during the exercise, he was able to grasp his purpose; to become a writer. An economic agent, at the outset, can also implement the example of Jeff. He/she may note down some memorable events from the past and after thoroughly judging the worksheet, the agent will perhaps identify his/her purpose as well.

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Roadmap Towards Success: Now Available on TeenInk

My article, Failure Is Forerunner of Success: A Conceptual Critique, also published on EzineArticles, has now been featured on TeenInk’s website! You may find it here:

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Failure Is Forerunner of Success: A Conceptual Critique

Greed: Good or Bad – Presentation

Preamble

Greed is an extreme crave of human desire. I think it is a curse because it is harmful; physically, mentally and spiritually. Moreover, it is caused due to two reasons; first, the undue eagerness of achieving one’s wishes. Second, feeling of hatred and bitterness against someone because of their possessions. However, patience is the key to diminish greed. Adopt and practice patience to live a happy life with a wise mindset.

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Health is Wealth – Presentation

 

Preamble

We are making two points in this presentation. First, health itself is the greatest wealth. Second, if one is healthy only then he/she can work productively for income generation activities. In addition, we will mention a few proven practices by which we can maintain our health.

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Time Management and Role of Time Management Tools – Presentation

Preamble

Some people have outstanding skills to manage their time, while others find difficulty in making an efficient timetable. Time management can be applied, if one tries to, with full determination. It can help the person accomplish the most, with less effort. In addition, a couple of time management tools are required to use time effectively.

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