One of the best ways to avoid financial setbacks is to save money. When you have an emergency fund it is helpful to pull from it when you are in need. We all will have unexpected finances that come our way, the key to avoid a setback is to save your money over time. Living from paycheck to paycheck is not only stressful but it is beneath God's will for our life.
As an accountant I started teaching what I thought was important. As I work with different businesses I notice not only do they need business consulting, they also need personal consulting. More people need basic financial education. Teaching how to read income statements, how to use financial ratios, how to pay less taxes or increase business profits doesn't matter much if we do not know the basics.
There is a lot of talk about financial freedom, being rich or having wealth. One thing is true, wealth takes time. We have to invest our money in order to build the lifestyle we want. For me, that means a quality and luxury life. I understand not everyone wants to be rich. You may not have the capacity to manage millions of dollars. I believe it is wise to reach for financial success. If you are someone who desires and have the capacity to build wealth these next few steps are for you.