Ask Leo :is discipline a necessity when we talk of finance and management?
In life discipline is very important in our daily activity we must discipline our self in what we eat we must also discipline our self in all ramifications of life discipline is necessary likewise in Monterey,finance and management discipline is also very key .
Some people only attache discipline to only social behaviors that could resolve to a punishment to correct a particular behavior or habit that is true but in finance, investment and management it's different because it deals with a lot of things,
discipline in finance and management works with the following?
- control.
- development.
- method.
- practice.
- preparation.
- regulation.
- restraint.
What is financial discipline?
Financial discipline can be defined as how well you are able to control your spending and saving to achieve a monetary set goals.
Discipline will help you in managing your money
And from doing that you will be able to control your spending 💰 you won't spend unnecessarily and your spending will have to involve a scale of preference because human want are unlimited and for you to do the wright thing you must discipline your self. even a rich man must discipline himself in other to maximize profits in his business and turn it to wealthyness,
When an investor or a business man is not discipline it's prone to a lot of disadvantage like mismanagement of funds, unnecessary spending bankruptcy etc and with this one will not achieve anything in life .
Discipline is inevitable be discipline in you daily activities be discipline in your social life be discipline in your in your finances and management at work and at all time because discipline it's self is a way of life .
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