Being broke can be very depressing. Do you know the reason your finances are in a mess is because you probably haven’t employed prudent management principles to your finances? To gain total financial freedom, managing your finances should be your topmost priority. Your finances cannot be left to chance, and you should not be borrowing …
Saving simply means putting aside money for future use. You can save towards acquiring a property, education, pension etc. Most individuals have the habit of either spending too much and saving too little or do not save at all. In order to achieve financial freedom every Individual must have these three types of savings; 1. …
It’s not your salary that makes you rich, it’s your spending habits – Charles A. Jaffe. No matter how much you earn, your spending habits can either make or unmake you. Can you tell how much you spent last week and what you spent on? Bad spending habits can lead to debts, that’s why you …
The festive season is upon us, this to most of us means shopping, sending money to family, sharing gifts, family visits, and a lot of spending! As we spend, we must have in mind that, there is life after the festive season. Typically, people are paid earlier in December as compared to other months. Say, …
As you teach your children, various life disciples, do not ignore financial discipline – this is one of life’s most important disciplines; our goals can only be fulfilled when we are successful with money. Cultivate the habit of saving in your children – It is a different thing to hold trust accounts and educational policies …
George S. Clason in his book The Richest Man in Babylon outlined seven (7) ways to cure a lean purse – curing a lean pure simply translates to teaching people practical ways to acquire wealth. 1. Save at least 10% of your income – Develop the habit of savings by simply saving at least 10% …
Adulthood is a scam; most young people will say. If only we knew the responsibilities that presented themselves with adulthood most of us would opt for the opposite. Most of these responsibilities we wish we could escape are financial. Expenses such as rent, monthly utility bills, school fees, medical bills, and the list are endless. …
How comfortable you live after retirement is solely dependent on you, not your employer or the government. Will you be able to maintain your standard of living, or you’ll rely on your children and other family members for support after your working years? Parents use to say they are taking care of us so we …
Retirement Savings: What Is The Best Time To Start? Read More »
Money affects a relationship more than anything else. A study by the National Centre for Biotechnology Information (NCBI) on leading causes of divorce shows that 36.1% of couples cited money issues as the cause of their divorce. Marriage and children come with their own financial responsibilities and learning to manage your finances as a family …
Life without a goal is like a race without a finish line; you’re running nowhere. Goal setting is an integral part of life. In every facet of our lives, we need goals to guide us. We cannot disregard the importance of financial goals in our journey to financial freedom. As we start the new year, …
