Creating Abundance - My Next Goal

How does a person create abundance if he is spending more than what he earns? That's easy to answer. He must increase his income. But what are the ways of increasing it? These are not as easy to find. Each day I think about this, and up to now, I still have not been able to think of that brilliant plan which will turn my finances around.

I have learned a lot of ways in order to earn extra cash. Some recommend finding a second job. Most say selling and getting into business will do the trick for you. Others tell you to go into trading stocks and invest in mutual funds. In the past two years, I have tried to expose myself to these.

While I have made money out mutual funds, the rest of these said vehicles of financial freedom are not really that easy to get on. Take investing in stocks for example. I had been into stock trading since last year. At the start, I was earning. The market was bullish, and although I did not get good buys, I would still earn after a few weeks of waiting. Now that market volatility is something that we see on a daily basis, things have changed. I have lost some money. Investing my emergency funds on stocks further added to my losses. There were times when I had to sell what I had in my portfolio, even if they were not ripe to be sold. I needed the money to finance family matters that needed immediate attention. That was a mistake, and I learned it the hard way. I lost thousands. But for me, that was part of the learning curve. I don't regret doing that, as long as I have made myself better. I have read that one must build his emergency fund first, and those that go to investments must really be what are extra. This is certainly good advice. I should have did it that way. Next time when I will have the money, I will invest it more intelligently.

I have also tried to venture into some small business. Franchising was the first option that came into my mind. However, I had realized that a franchise needs to be managed well. Without a trustworthy individual overseeing its operation, a franchise is doomed to fail. I have seen a lot of them fold up and close lately. Without ample readiness, the money you have invested may easily go up in ashes. I was lucky not to have started it. I still am not ready. When the right time comes, definitely, I would like to pursue this. A well-managed franchise generates passive income. That is what I want to have in the future. 

My next goal is really to find financial abundance. I am on my way to be free from financial strings. I have a lot to learn, but I can build from the experiences that I had on these different strategies. It is certain that if I commit myself to achieving this, I would succeed. I have never failed when I put my whole self into something. I think that is true to all of us. I have made my decision to leave this life of always having to settle for less. I have not been the best that I could have been. I don't want myself to stop at where I am now. I know I am destined to be greater. Financial freedom - here I come!