Financial Empowerment What It Takes
Financial Empowerment is the buzzword for the new generation. This is the jet-set generation that wants to be self-sufficient in what they have, never have a need for more and keep attracting more even as they sleep.
But what makes them different from others who aren’t financially empowered already? What can the have-nots of this generation do to elevate themselves to the status of the haves?
The term “financial empowerment‟ has many aspects. On a general note, it means being self-sufficient with money, so much so that you don‟t keep wanting for more. You have your financial coffers full and for any of your needs, you just have to plunge into them and get at the money. A person who is financially empowered is thus dynamic economically as well because he or she is able to use money to attract more money.
This speaks about financial empowerment on an individual note. However, there is also a social aspect to it. Analysts also speak about financially empowering a particular section of people, such as empowering the youth or the seniors or the sick or the women. In each context, it means self-reliance.
These particular sections of society are usually dependent on other active and earning classes for their monetary requirements. When economists speak about financially empowering these groups, what they mean is that these groups should be self-sufficient and not have to depend on others.
In this eBook we are going to confine ourselves to individual financial empowerment. We are going to speak about how an individual – that is you – can become self-reliant with money.
It is a truly great feeling not having to depend on anyone else for your financial requirements and not everyone can do that. But if the right steps are taken, this is very much achievable.