20/02/2024
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1. Invest 10% or 20% of your Net Income
2. Create an Emergency Fund of upto 3months living expenses and where possible 6-12months. Life WILL Happen, be prepared.
3.Who you marry is the biggest money decision youβll ever make.
4. Invest in yourself. Knowledge, Health and Education. When the Markets fail, you can always rebuild.
5. Fall in love with collecting Assets. Spend recklessly where possible.
Assets will always have your back.
6. Donβt purchase often, purchase once on Quality.
7. Attain Financial Freedom for yourself so you can live on your terms. This will keep you from staying in toxic relationships/marriages or environments for the financial benefit.
8. When you spend on family or friends, spend what you can so youβre not entitled to be paid back.
9. Adjust your Networth upwards EVERY YEAR. If your owned a house in 2019, that Asset is documented as a 2019 achievement. Let 2020 have its own target (even if itβs a K50,000 target in Liquid Assets). That way your Wealth Creation Portfolio speaks for you, for every year worked.
10. Be honest with yourself and take a plunge into reality. Financial Freedom can only be attained when you decide to live life for you on your terms other than pleasing everyone.
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