Sunday motivation with Nugsoft Technologies
A combination of hard work and working smart result in actualization of dreams and goals.
Work smart to bring great ideas to life to simplify the processes in-between and work hard to stay motivated, consistent, focused amidst challenges to deliver & achieve your goals and dreams.
Nugsoft Technologies wishes you a wonderful week ahead.
Failure fosters exceptional success through stimulating creativity offering room for Self assessment, evaluation and improvement when handled with a positive mindset .
Nugsoft technologies wishes you a great week ahead.
Self-discipline is the ability to propel yourself forward, stay motivated, and take action, regardless of how you’re feeling, physically or emotionally. Self discipline is about self-control , willpower and perseverance.
Self discipline is an essential part of life that aids achievement of various life goals as well as attaining satisfaction and happiness . Self discipline is a skill that is learned and strengthened over time with continuous use. Many of us struggle with how to improve our self discipline. In the 2011 Stress in America Survey, 27% of respondents said the lack of willpower was the biggest barrier to making healthy lifestyle changes. Therefore mastering the skill of self discipline overrides lack of will power empowering you to take control of your life and do what needs to be done.
Self discipline has numerous benefits like improves learning and enhances performance, builds self esteem, helps overcome addictions & procrastination and gives higher satisfaction of accomplishments.
Self-discipline has 3 major disciplines;
-Active disciple which involves doing what needs to be done at the right moment and limiting any distractions
-Reactive discipline which involves controlling your thoughts or behaviors with unforeseen situations for instance instead of complaining in a stressful or distasteful moment use these situations to learn or seek solutions.
-Proactive discipline which involves preparing in advance to better handle or approach situations that may occur in the near future, for instance creating a to-do list before bed.
Building self discipline takes time , commitment and the burning desire to get better. We Suggest a few steps you can consider.
Nugsoft Technologies wishes you a great week ahead.
Let’s do it for you
It’s no longer a secret that the cost of living is increasing with every passing day and the resources available are shrinking almost at the same pace or even faster.
Many of us rely on salaries or working for just a daily meal and the financial resources can barely cover all the basic necessities of life.
Here are a few survival tips to keep you afloat in these hard economic times and high cost of living which is always being blamed on the Ukraine and Russian war but what can we do that is within our means .
-Reduce unnecessary expenses and spend on utilities & the basic necessities of life
-Manage your debts by reducing or completely avoiding borrowing in the form of finances , goods among others unless it’s really an emergency and life threatening.
-Get creative in your business or the kind of work you are doing to ensure that your business keeps running without running into the risk of shutting down.
-Consider growing a food basket of your own from wherever you are , whether it’s an apartment (visit youtube to find easiest ways to grow food in your living condition ). Food is one of the necessities that consume more money and is also important for one’s health and general well being.
-Carefully track your spending, “While budgeting can often feel emotionally constraining, it can also be very empowering. It enables you to cut expenses and increase savings. When you don’t monitor your cash flow, you can’t make contingency plans for unknown expenses. A common approach is to save what is left after spending. A far better approach is to spend after saving,”
-Find ways to save & earn more through investing your current income to generate some extra money without having to borrow elsewhere.
Nugsoft technologies wishes you a wonderful week ahead
Most of us have been encouraged by friends , colleagues or in the various capacity building training among others to save money or resources as an important financial stability plan. But is it really sustainable and how does it work?
Saving is an act of putting money aside in a formal or informal financial institution to achieve short term financial goals which is usually for one year or less.
Saving aids individuals with small sources of finance have access to large amounts of money for investment or any other purposes. It also builds up an emergency fund, money you can get anytime to take care of abrupt situations like illness or loss of a job etc.
However with savings, your finances are at a high risk of depreciating as a result of inflation , the profits from savings are very minimal among others.
To build a sustainable financial stability plan it is important to understand your financial goals both the long term and short term and integrate both savings and investments which are critical elements of personal finance, and starting early is a great way to set oneself up for long-term financial stability.
Investing is a way to grow your money over time in assets(land etc. ) or by putting it to work in financial instruments such as stocks, bonds, and mutual funds. Investing offers higher returns than savings, and Can help achieve long-term financial goals and with Diversification can reduce risk. However there is a higher risk of loss in the short time, requires a lot of discipline , commitment and one has to wait a long time before they get returns.
The commonest reason why people don’t invest is a lack of knowledge or experience, which can lead to poor investment decisions coupled with fear or greed causing investors to make impulsive or irrational decisions that may result in losses.
All in all, Saving and investing are both important components of a healthy financial plan. It’s also important to develop a well -rounded approach that involves both savings and investing that can help build wealth, protect against financial shocks, and provide a solid foundation for a more secure financial future.
A happy week ahead from Nugsoft Technologies