19/07/2024
SOME FINANCIAL GUIDELINES 🔊✌️
1. Build EMERGENCY FUND - enough for at least 3 months of expenses to sustain your current lifestyle.
2. SAVE MONEY and MONEY WILL SAVE YOU. Don’t save what is left after spending. Only spend what is left after saving.
3. Avoid BAD DEBT, it's OK to take loans for investments, personal development and business upgrade but avoid taking loans for show offs and unnecessary expenditures. It will ruin you faster!
4. Avoid unnecessary spendings, forget sale price, everything is 100% off when you don’t buy it. Don’t waste your money on things that you don’t need, even if they are cheap. EVERY PENNY COUNTS!
5. Learn to BUDGET - it is better to tell your money where to go instead of wondering where it went! 🤷♂️
6. If you buy things that we don’t need, you will have to SELL THINGS THAT WE NEED.
7. PRETENDING TO BE RICH can make you poor. Must learn to live Below/ within your MEANS. Don’t go broke trying to look rich. ACT YOUR WAGE.
8. MONEY IS NOT EVERYTHING, but we cannot deny the fact that we NEED money for almost EVERYTHING even to raise a beautiful Family. 👪
9. Always have a BACK-UP PLAN for life's uncertainties. Start having your personal LIFE INSURANCE with INVESTMENT.
10. Let's break the TOXIC FAMILY CULTURE about FINANCES. Your children are not your retirement fund, and your parents are not your emergency fund. Plan ahead 👌