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5 Rare Tips on How to Make Financial Improvements 

5 Rare Tips on How to Make Financial Improvements 

“An investment in knowledge pays the best interest.” — Benjamin Franklin 

Every man or woman dreams of financial stability, but only a few achieve it. Why? That’s because most people are not knowledgeable about how money works and make terrible financial decisions.  

For many, it is not that they earn more than enough — they don’t simply know how to manage their income and, in the end, are no different from those who struggle to get by. 

Money is evolving thanks to the advent of cryptocurrency. Hence you have to evolve to improve your finances, which requires you to increase your income and financial management. 

The lack of financial literacy costs Americans $415 billion in 2020. That statistic shows the danger of not being financially literate. Hence, this article will teach you some rare tips for making financial improvements. 

What Is Financial Management? 

It involves making a strategic plan and directing and controlling your cash flow. Cash flow includes the money you receive and spend. The Cashflow Quadrant will help you understand cash flow better. 

In addition, it is essential to identify why you are trying to improve your finances, and this may include: 

  • You are planning to start a business or a big project 
  • Maintain the funds you use to run your organization 
  • Have enough extra funds that leave room for miscellaneous expenses 
  • Invest in assets  

And many other beautiful reasons that you have got 

Whatever your reason is — it is valid. Hence, you must take note of the five rare tips we are about to share with you. 

5 Rare Ways To Make Financial Improvement 

The best financial advice you may have heard may include creating a budget, not spending money you don’t have yet, and not making impulsive buying. However, here is what you haven’t heard: 

1. Health is Wealth 

You didn’t see that coming. A famous saying goes, “The greatest wealth is health.” – Virgil. The first thing to take care of before thinking of your finances is your health, which is your most incredible wealth.  

You won’t be able to give 100% to your work if your health is not excellent. Hence, we recommend you use THC Oil to keep you calm and rested through hardships.  

As a business owner, you can achieve many health benefits  with full spectrum CBD than you can imagine, such as: 

1. Reduce your stress 

It is easy to fall into stressful cycles as an entrepreneur, but using CBD oil for sleep will give you relief from stress and great sleep.The first step here is recognizing that you are under stress because many entrepreneurs tend to forget their health.  

When you recognize that you are stressed, a few drops of CBD oil is enough to do the trick. You can take it in your morning tea or hold the tincture underneath your tongue for a minute to be effective. 

2. Anxiety 

According to this study from 2015, nearly half of entrepreneurs deal with mental illness, with anxiety at the top. CBD may help you reduce your anxiety levels. 

2. Keep Track Of Your Networth 

What is your net worth? You may not have considered calculating your net worth, but you should. Networth isn’t only for famous and wealthy people — everyone has a net worth.  

To calculate your net worth, determine your total asset worth and debt, then subtract your debt from the asset. Have a look at the illustration below to understand better.  

Illustration A: Anjie is a businesswoman who owns $300,000 worth of stocks with $200,000 in her bank account, and Anjie owes $100,000. Anjie’s total net worth is $200,000 + $300,000 – $100,000 = $400,000.  

If Anjie can make this analysis regularly, she will be able to see that she can increase her income or turn her debts into profitable investments. 

However, if you are a student, it is advisable to consider your career’s average salary before you take a student loan. See another illustration below: 

Illustration B: If you study computer science and the average salary is $100,000, you should not collect a loan of more than $100,000. 

3. 50/30/20 Rule 

Do you have a way you delegate your money? If not — It is time to change to witness changes in your finances.  

You should use the 50/30/20 rule — see the details below : 

  • Use 50% of your income on your everyday needs (i.e., groceries, housing, utilities, and health insurance.  
  • 30% on your wants (i.e., hanging out with friends, shopping, etc.)  
  • 20% on your savings/investments (i.e., emergency cash, college fund) 

4. Pay Yourself First 

So you have seen the 50/30/20 rule, and now you wonder what paying yourself first means. You are intended to save 20% of your income before anything else — it is up to you if you would like to save more than 20%. 

5. Come up with ways to improve your income 

You have budgeted, planned, saved, lived a healthy lifestyle, invested, and spent money wisely — it is time to increase your income. All of the items on the list don’t change the fact that your net income has been reduced. You must devise ways to improve your business profits, become a wiser investor, or start a side hustle. 


Taking care of oneself is the most important thing on this list because you don’t want to have all the money in this world and not have the health to enjoy it. Alongside this, you can seek the advice of a medical practitioner to help you choose the correct CBD dosage. Remember that whenever you receive your income, the first thing is to save. Adios!