Do not do the same mistake in financial - I am afraid of - Day 6

I am a father with three children. I am responsible for the earning for living in my family. In my country, the tradition of house wife with no job is common. My wife takes care of the kids. She picks them up to school and takes care everything from clothing to food.

I have a big mistake in financial management. My salary is not big. I earn under $200 from my teaching job. The money is not enough for five family members but I earn from my small business and hive blogging.

What the biggest mistake I made in financial? I forget the future investment when I had a lot of money. I also do not split investment in different assets. I had some big amount of cryptocurrency in 2017. I had a good life with the asset. I think all the asset will secure and the value will be the same or rise. I kept all asset in a coin. I did not invest in other assets both digital or offline assets. Out of my prediction the coin lost the value. I lost almost 90 % of the value from $20.000. I got bankrupt. I found difficult situation.

Today, I can stand up and build my financial cash flow better than in a year ago. A year ago I quit from my previous job, I started my small business but the business was hard. I started to earn on hive, I get a new job and I still do my business. Those three activities can give me better life. Though I can not save in big amount of money, I still have few spare of assets for saving.

What I am afraid of is doing the same mistake like in 2017. I do not invest in various assets. I do not invest in business , I do not save much cash for an urgent needs. Life is very hard when we fall from top to the bottom. It is much easier when you climb up then you fall and try to climb up again. So I have to be better and do not want to do the same mistake in financial management.