UTILIZING TECHNOLOGY TO ACHIEVE YOUR FINANCIAL GOALS

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In our world today, technology has dominated virtually all aspects of our daily lives and activities, the advantages of technology can be seen in various sector like the health sector, educational sector and our finances can not be left behind in these, and technology has played a very significant role by helping us to meet our financial goals.

Through technology, achieving our financial success and stability is now more easier and better compared to the ancient times when technology was not prominent. With the impacts of technology we now have online platforms, smart phones, laptops, etc that could help us to have financial stability and meet our required financial goals. The following are ways we could use digital technology to achieve our financial goals and stability.

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1. Automatic Savings and Investment : in today’s economy saving and investing our finances is one of the ways to achieve financial stability and these could be made possible using technology.

Automating your savings and investment is a way of making automatic transfers to your savings account and investment account, this way helps you to make savings a consistent habit thereby accumulating wealth on daily basis.

Through technology, modern banking has provided means of making this automatic savings easy and efficient. Technology has even created apps like stash, Acorns, Robinhood, Betterment etc for easy savings and investment.

2.LEARNING AND DEVELOPING NEW SKILLS: now a days learning and developing new financial skills is very accessible compared to days when technology was not in existence, everything concerning our financial growth and stability could be learned and improved upon.

Using platform like Coursera, khan academy, online courses etc can help one to learn more about budgeting, investing, savings and financial planning and this helps to equip a person to grow and become financially stable.

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3.CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY: Since Cryptocurrency and Blockchain came into existence, it has transformed several financial strategies and has provided alternative ways on how to accumulate and acquire more wealth thereby meeting your financial goals.

Cryptocurrency has provided opportunities for users to invest on digital asset like Bitcoin, Ethereum etc, by utilizing this opportunity you can improve your financial managements and savings while journeying into your financial goals.

4.SAFEGUARDING YOUR FINANCIAL DATA: With technology we no longer run the risk of cyber insecurity and theft like it was before, technology has helped to curb the high rate of cyber threats and insecurity and this is beneficial in maintaining the safety of our finances. We can now set strong passwords or set up two factor authentication to monitor our account regularly in case of any suspicious activity.

Like I stated earlier, the impacts of technology is so overwhelming especially in this 21st century. These are just a few ways you could utilize the importance of technology in setting and achieving your financial goals, it may not seem easy to employ and embrace this new innovation but utilizing it provides a more better opportunity to achieve your desired aim in the financial world.

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