Spend less than you earn: This rule is all about maintaining a healthy financial balance. By spending less than you earn, you can avoid falling into debt and have money left over for savings and investments. It’s important to track your expenses, create a budget, and make conscious spending decisions.
Create a budget and stick to it: Start by tracking your income and expenses. Allocate specific amounts for different categories like rent, groceries, and entertainment. Use budgeting apps or spreadsheets to help you stay organized and accountable.
One of the major hindrance to spending adequate time with our families is our career or job. We spend more than half our time on our jobs to make a living.
It now seems that our jobs or Careers are the most important thing in our life, but it should not be that way.
The little things in life are the things that give us most joy, things like spending adequate time with our family and loved ones.
We shouldn’t just live for our jobs, i mean we are always replaceable in our work places. The moment something happens to us, let’s say an accident or sickness, your job will be replaced almost immediately.
Are you looking and searching for industries to invest your money. Maybe you have met your savings goals and now you are looking for a way to make your money work for you.
Being financially independent should be a strategic plan which should start with building your savings portfolio. We should know that we don’t save for savings, we save for the purpose of investment.
The first step to financial freedom is building up your savings. Hopefully you have built up your savings and now looking for ways to invest your money to make more money.
The power of words cannot be over emphasized more especially the words we say to ourselves and the situations we find ourselves. Words can tear you down and words can as well lift you up.
Words are spells that’s why they are called spelling, so since you have learned this now, you have to be intentional about the kind of words that come out of your mouth.