The entrepreneur stated the key role of cost accounting in business

Financial stability is formed not due to a sharp increase in income, but through a systematic approach to money management and discipline in decision-making. Ramil Khakimzyanov, a businessman and founder of Kapital LLC, a transport and construction company, told Izvestia about this on May 6.

"At the heart of any financial growth is a choice between two strategies — increasing current consumption or building assets. In the first case, the increase in living standards is faster, but does not lead to a long-term strengthening of capital. In the second case, resources are directed to investments and business development, which forms a stable financial base," the expert explained.

Separately, Khakimzyanov stressed that without a systematic accounting of income and expenses, it is impossible to talk about financial management in principle. In his opinion, regular cash flow analysis is the basic element of any strategy, as it allows you to make decisions based on data rather than feelings.

In the long term, the expert noted, sustainable well-being is formed solely through assets. Incomes can be temporary, especially in an unstable economic environment, while assets can smooth out fluctuations and create financial stability.

One of the key mistakes he called a direct increase in expenses following an increase in income. According to him, if additional funds — be it profits, dividends or salaries — are immediately converted into a higher level of consumption, this creates only the illusion of growth, but does not form capital.

Money for money: how to accumulate a financial cushion

A comfortable level of savings depends on several factors

The formation of reserves remains an important element of the financial strategy. The financial cushion, according to the expert, should cover at least three months of business operating expenses or basic expenses of an individual. The lack of such a reserve makes any income drawdown critical.

Speaking about diversification, Khakimzyanov notes that it works differently in the entrepreneurial model than in the classical investment approach. For businesses, the key factor remains the focus on the core area, since it is the depth of expertise and scaling of core activities that ensure maximum profitability. In the investment model, on the contrary, diversification becomes the basic risk reduction tool.

At the same time, the expert separates investment and training, emphasizing that the development of competencies is not always directly converted into income, but affects the quality of decisions made in the long term.

According to him, in the current economic conditions, it is becoming more and more difficult to talk about rapid enrichment. Companies and individuals are more likely to rely on already accumulated resources than on aggressive growth. In this situation, the key factor for financial stability is not income maximization, but risk control, restraint in spending and avoidance of excessive obligations — this, according to the expert, determines the ability to accumulate capital in the long term.

The information in the material is not an investment recommendation.

On January 29, Mikhail Kostromin, co-owner of AKTIVO, named the main steps for the first investments to Izvestia. He believes that it is first necessary to assess your personal financial situation: analyze your income and expenses, take into account future large expenses, and determine the amount that can be invested regularly without compromising your usual standard of living. In addition, goals and deadlines for savings should be formulated.