Money Strategy

26/01/2025

Shout out to my newest followers! Excited to have you onboard!

Aikins Kwabena Junior, Robert Jeremiah, Abu Hanaan

18/01/2025

Your income is your greatest wealth building tool.
Sow/Give Some
Save Some
Spend Some

28/12/2024

Every problems are the doors to new opportunities.

28/12/2024

Shout out to my newest followers! Excited to have you onboard!

Osei Poku, Lisa Mens, Maame Afya Akoma, Kpanchar George, Marian Ewurekuwa, Aneke Chidera Collins, Prince Donkor, Benjamin Obeng, Safny Bin Muzammil, Precious Osei-Antwi, Kelvin Little, Dominic Yeboah, Nharnhar Quarbinah Bhraphi, Jalloh Umar Docteur, Bryan George Reynolds, Yirenkyi Enock Aikins, Duah-agyemang Francis K

28/12/2024

Live like no one else now, so later you can live and give like no one else.

Here’s how you do it—step by step:

1️⃣ Save $1,000 for a starter emergency fund.
2️⃣ Pay off all debt (except the house) using the Debt Snowball.
3️⃣ Save 3–6 months of expenses for a fully funded emergency fund.
4️⃣ Invest 15% of your income for retirement.
5️⃣ Save for your kids' college (if you have kids).
6️⃣ Pay off your house early—goodbye, mortgage!
7️⃣ Build wealth and give generously.

The sacrifices you make today will set you up for freedom tomorrow. Stick with the plan—you’ve got this!
Dave Ramsey

27/12/2024

27/12/2024

💵💷What Level are you?

The Hierarchy Levels to Financial Freedom resemble a ladder of financial progress. Each level builds on the previous one, ultimately leading to independence and freedom. 🤑🔥🤑

In other to start Your Journey on this Platform; You'll have to know where you're are currently on the ladder 🪜.

Please Comment with Your current stage on the ladder in the comment section based on the below description.

1. Financial Dependence:😞
Definition: Relying on others (parents, spouse, or external support) to cover living expenses.

2. Financial Survival:😕
Definition: Barely meeting basic needs (food, rent, bills) with no safety net.

3. Financial Stability:☺️
Definition: Being able to cover expenses with some savings or a small safety net.

4. Financial Security:😅
Definition: Having enough savings and investments to protect against life’s uncertainties.

5. Financial Independence😇
Definition: Passive income from investments or assets covers all basic living expenses.

6. Financial Freedom🥳
Definition: Having enough wealth to live the life you desire without working out of necessity.

7. Financial Abundance🤑
Definition: Wealth far exceeds personal needs, allowing significant contributions to others.

This hierarchy provides a roadmap for achieving financial freedom step-by-step, emphasizing discipline, growth, and meaningful impact along the way.

Fwrd:Dr. Brian Elorm Marrion

26/12/2024

2025: Share, comment and Like.

That behaviour of enjoying but you don’t want to engage must stop on 31st December 2024😀

26/12/2024

FINANCIAL EDUCATION

Kobe Bryant was an American professional basketball player (Mhsrip) who made $320 million in the National Basketball Association NBA . He invested $6 million in body Armour in 2014.

The Bryant family will receive $400 million from this investment. That single investment has earned him more than his when career earnings.

📌Pay off your dept: Many today are in bad debt and don't even care about their future because they believe in only living for today. Such people often say tomorrow will take care of itself. As long as they eat today that's it. The truth is tomorrow you might not have the energy you have today. Tomorrow you might not have the leg, hand etc because of an accident, how will you survive? I remember telling one of my helpers who seemed to have become playful some weeks ago that they will not always have the energy they have today. It is therefore important that they use it wisely so that even in her old age she will still be able to take care of herself

📌Work and invest: Many are scared of investing because their friends have lost money before. The question is have you even bothered to find out what caused their loss? Learn about the investment before investing. Warren Buffett said "Risk comes from not knowing what you are doing". Don't complain about your boss paying you a small salary and not do anything about it. Your boss's job is to pay you your salary and it is your job to make yourself wealthy. Albert Einstein said "Insanity is doing the same thing over and over again and expecting different results." As long as you don't do something about it, you will continue getting the same salary for years which is rarely increased because the employer will try to keep all costs low including your salary so take that risk.

While risk cannot be avoided, it can surely be minimised by getting knowledge and investigating before Investing. If you can surely risk riding in a car where chances of dying are 1 in 5,000 and knowing you only have one life, if you can take alcohol everyday which causes 4 out 5 deaths from liver disease, then you can surely invest some money. You may lose the money but what will be more important is the growth you would have acquired in the process.

Robert Kiyosaki said "Losers are people who are afraid of losing." If you keep waiting for your salary to increase, you will continue waiting till you retire because that increase that comes once in a while will be eaten by the compounding inflation." Do the right thing.

24/12/2024

DON'T BE AMONG THE MASSES!

As you start out in life, it is very easy for you to be one of the masses.

And that's okay.

But there is a way life works.

And you'll probably not like it if I show you.

But I'll still show you anyway.

Life consists of the elites, and the masses.

In every kingdom, and in every country, and in every state, there is always two set of people.

The elites and the masses.

Of course, you should be among the elites, not the masses.

And its just about having a new type of mental programming if you want to join the elite.

So who are the elites?

The elites are those who control the institutions, the systems, and the governance of the state.

One thing comes to mind when you think of them.

"Control!"

They are always in control.

They control religious institutions, charity organizations, business institutions, government and governmental facilities, large personal brands, etc.

So essentially, the elites are those who control the institutions that define how life is lived within the society.

Who are the masses?

The masses are the random everyday people, who generally work for the elites, and spend all their lives looking for food to eat, clothes to wear, houses to buy, and cars to buy.

They are not interested in shaping the society or controlling institutions.

They just want MONEY, and most times, they don't get the money they want.

The few who ends up getting money may still mismanage the money due to wrong motives.

Essentially, the masses always work for the elites, and earn their pay working in the organizations and institutions controlled by the elites.

Now where should you be?

You have been complaining about the government being bad, and businesses ripping people off.

Well, when you join the elites, you will have the power to change that.

But again, being an elite is better than being in the masses just like being in heaven is better than being on earth.

Wealth is a joke to the elites, they always have it as a reward, while the masses play at either the level of survival, or the level of comfort.

Before a person in the masses can hit the frequency of wealth, he needs to get an elite programming first.

Ref: Emmanuel Salem

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23/12/2024

WARREN BUFFETT, one of the richest men in the world and most successful investor said:

If you don't find a way to make money while you sleep you will work until you die."

Warren Buffett's emphasizes on building cash generating assets that can produce income without requiring active work.

Having more source of income can shield you financially even when you are out of work, generating more cash flow to live well

You need to generate enough income to support your current lifestyle without requiring your effort.
You need incomes like investments, real estate, or businesses, others that can make more money for you.

Don't rely on your salary alone or single income alone but focus on improving your financial life.
Create a good money foundation, have a money plan and focus on the long term to lead a life of fulfillment.

Ref: Financial Freedom