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Embracing Diversity

diversity

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“To support only one group is like seeking only one color; to be open to all, a Rainbow!”

Friendship – Bridge Between the Hearts

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Source: Google Image

Abstract

It has always been difficult and tricky to define friendship without overlooking any of its significant factors. In this article, through mentioning some of the known facts about friendship and relating them to our daily lives, I will try to describe it in relatively few words, according to my humble understanding.

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Personal Economic Independence – Concluding Remarks

Concluding Remarks:

The road towards personal economic independence is incessant stream of successful economic works by the economic agent. The above-given work approach will certainly attract success in economic works. In short, economic independence means effective planning, strategic workmanship, patience and wisdom during the economic struggle.

← Hurdles during Economic Struggle

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Personal Economic Independence – Hurdles during Economic Struggle

Hurdles during Economic Struggle:

Human beings are weak. They make mistakes time and time again. Despite this weakness, God has gifted powers, latent and patent, to move forward. Economic agents can wisely use these powers to offset their financial mistakes.

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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

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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.

← Introduction to Economic Independence              Execution of economic Work →

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Personal Economic Independence – Introduction to Economic Independence

Introduction to Economic Independence:

Technically, personal economic independence is defined in the dictionary as “the income threshold at which a person can live without relying on the support of others.” At this stage, the economic agent can purchase required, and even desired, goods for personal advantage. Realistically, stream of successful execution of economic works by the individual is the only way to reach personal economic independence.

The main ambition of my recent posts is to portray the roadmap towards the actualization of a stable income stream, and hence, economic independence.

I will soon be providing a simple technique to realize the perfect profession, a proper method for execution of economic work, and effective tips to overcome hurdles during economic struggle.

← Economic Work – Nature & Definition

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Personal Economic Independence – Nature & Definition of Economic Work

Economic Work – Nature & Definition:

Human life embraces multiple needs and countless facilities for normal living. Basic human needs include healthy food, fresh water, proper clothes, right sanitation, complete shelter, necessary medical aids, easy transportation and appropriate education. The innate human nature extends the individual’s contentment boundary towards countless paraphernalia of life, such as, aesthetic dressing, delicious foods, magnificent residence, superior education, unlimited medical assurances, and so on and so forth. In order to fulfil both, needs and facilities, money is the fundamental prerequisite. Proactive efforts are indispensable to earn money units. Namely, a work for the sake of monetary reward is called an economic work.

← Introduction to Independence                      Introduction to Economic Independence →

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Personal Economic Independence – Introduction to Independence

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Google Image

Introduction of Independence: 

An individual is initially dependent on others during the early phase of life; first 20 years. Throughout this phase, the person obtains knowledge on multiple subjects, attains wisdom through manifold observations, and builds up moral strength by means of spiritual/humane practices. Nevertheless, the person is barely in touch with the business world during this phase. Later on, along with multi-dimensional independent life experiences, the individual, in the second phase of life, is consequentially apprised about economic fields and economic works.

Note: The motive of this, along with a few of my future posts, is to sketch and portray for readers an effective roadmap towards personal economic independence, the gateway to a satisfied life.

Economic Work – Nature and Definition →

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