It's 2017 and I guess we know the need to make our money work for us. 2016 had lots of people managing and trying to make the best of their situation but this year needs to be better for us. Here are ways to not just cope but soar financially in 2017.
1. Write down what you want to be worth in 2017; Write down a specific number. e.g At the end of 2017, I want to be worth N 10million. I want to have 2 property etc. You need to be specific, vagueness won't help.
2. Write down short calculated steps to get there; I will save up X amount a month. I will keep 'X' amount in a fixed deposit, etc.
3. Have a plan for unexpected money; Money from a deal, a mega bonus, money from Le boo, etc. You need to have a plan for this. I've realized that it is best to keep unexpected money in an account and think of how to spend it as opposed to spending on that new car or phone.
4. Keep track of your daily expenses; Yes we want to save and invest but we want to also strike a balance and kick ass. So track your expenses and cultivate a working mode of operation. Something as little as waking up early to avoid the traffic so as to conserve fuel and also arrive work refreshed and not tired, preparing meals before work, buying groceries in bulk, buying clothes quarterly/bi-annually as opposed to as the spirit leads can make a change in expenses.
5. Invest in quality only; Rather than buy cheap hair, why not try braids, locs, etc and save up the money to buy quality hair. The same goes for clothes, wristwatches, etc.
6. Consider alternatives; before you spend. Also learn to make the best of the resources around you.
7. Create an alternative source of income; multiple streams of income is a sure way to financial freedom.
And a bonus because this is the most important;
Give; to God, your parents and those around you who need because it is more blessed to give than to receive.
Go out there and kick ass financially in 2017
1. Write down what you want to be worth in 2017; Write down a specific number. e.g At the end of 2017, I want to be worth N 10million. I want to have 2 property etc. You need to be specific, vagueness won't help.
2. Write down short calculated steps to get there; I will save up X amount a month. I will keep 'X' amount in a fixed deposit, etc.
3. Have a plan for unexpected money; Money from a deal, a mega bonus, money from Le boo, etc. You need to have a plan for this. I've realized that it is best to keep unexpected money in an account and think of how to spend it as opposed to spending on that new car or phone.
4. Keep track of your daily expenses; Yes we want to save and invest but we want to also strike a balance and kick ass. So track your expenses and cultivate a working mode of operation. Something as little as waking up early to avoid the traffic so as to conserve fuel and also arrive work refreshed and not tired, preparing meals before work, buying groceries in bulk, buying clothes quarterly/bi-annually as opposed to as the spirit leads can make a change in expenses.
5. Invest in quality only; Rather than buy cheap hair, why not try braids, locs, etc and save up the money to buy quality hair. The same goes for clothes, wristwatches, etc.
6. Consider alternatives; before you spend. Also learn to make the best of the resources around you.
7. Create an alternative source of income; multiple streams of income is a sure way to financial freedom.
And a bonus because this is the most important;
Give; to God, your parents and those around you who need because it is more blessed to give than to receive.
Go out there and kick ass financially in 2017
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