My financial goals for this new year | #financialgoals2021

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The beginning of a new year is always propitious to reorder our ideas and rethink the strategies to achieve our goals. To do this, it is necessary to define with certainty what we want to achieve, in how much time and what needs to be done to succeed.

A few years ago when I started in the area of management and planning in the automotive sector, I learned from my business mentor what would be a life philosophy for my business and personal finances. I remember he told me:
"these two little sheets will determine your financial success, you must learn to get out of the forest where you only see the tip of the trees and climb the mountain to see the whole forest" .

Since then, more than 10 years ago, these "two little sheets" are still my main planning instrument in my finances: the projected profit and loss statement and the projected cash flow .

Indeed, those "two little sheets" as he called them, have given me enough insight to know how much I should produce and at what cost, in order to generate profit; and how much is the maximum I can afford to spend so as not to affect my break-even point. Likewise, it has allowed me to know how much I should enter my account and how much is the maximum that should come out of it so that my numbers remain positive.

It is very important to have always clear how much is the minimum we must generate of income to maintain our break-even point, that point in which we do not win but neither we lose, that information is vital for a healthy personal finance.

With these two financial instruments I learned to see at a glance the impact that drinking that innocent coffee in the afternoon in a bakery can have, for example, because it is those "insignificant" expenses that can erode our economy and turn us from black to red without us noticing. Well, with this couple of "magic sheets" it has been possible to visualize and control these small money leaks.

This year 2021, as every year, I have already done my projected planning based on my objectives, and what I must do to fulfill all my obligations.

Producing is obviously one of them, but so will saving, so I have considered a special accounting item to buy fractions of BTC monthly, and also continue as much as possible with the power up in my Hive account. Unfortunately, due to health problems, I was forced to unstake some of my tokens in December, but I'm sure I'll be able to compensate for that by generating content on the platform more often.

This will be a great year for crypto-currencies, and it is very likely that HIVE will again reach the value of $1, and that the LEO token, because of its great potential, will double this value.

Another investment contemplated for this year is the purchase of a new computer. Yes, I see it as an investment and not as an expense, because this is my main working tool to produce income and balance my economy.

We are living through difficult economic times all over the world and even more so in Venezuela, so it is important to consider in the planning the accounting items for "emergency expenses", and that even with them it is possible to maintain the break-even point. Normally everything seems to boil down to producing more, but sometimes it's also about spending less... it's up to us.


Source: [1] / [2] / [3] / [4]. The images used in this publication are from Pixabay.com, free of copyright.

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3 comments
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The pandemic is causing our planning to be adjusted daily as many people have seen their incomes decimated.

This opens up an excellent opportunity for us to earn income in the crypto world and to study an exciting world!

Have a great year where you can meet all your goals!

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Thank you very much Pablo for the good wishes, that your goals are fulfilled also this new year.

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