This is default featured slide 1 title
This is default featured slide 2 title
This is default featured slide 3 title
This is default featured slide 4 title
This is default featured slide 5 title
 

Personal Economic Independence

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.

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.

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.

In an economic struggle, the agent may face inner fragility, now and then. The vulnerability of the individual can be due to two reasons; inner faults or outer conspiracies. The major interior hindrances that can penalize the agent, repetitively, include indiscipline, fear of failure, get-rich-quick mentality and procrastination. First, getting over indiscipline requires an efficient work timetable, loyalty towards the earning platform and professional approach towards economic works. Second, fear of failure is a common obsession, which can demoralize an economic agent anytime. To drive away the apprehensive feeling, it is incumbent on an individual to solidify self-belief. Third, get-rich-quick mentality is rampant nowadays, especially on the internet. The sole technique to shield oneself from the irrationality is patience. Fourth, procrastination in an economic struggle can be withstood by implementing the maxim, be focused and be proactive.