5 Financial Tips To Get You Started

Fast financial tips to get you started.

We all want to relass and be taken kiaroff right?.

I know you do.
We all have our money fantasies. People wish for a debit card with no spending limit to spend on luxury clothes. While others dream of fancy houses in much coveted places. Some even fantasize about being able to pick up their things and leave without a moments notice to some obscure island with friends.

To others, the financial fantasy is just a roof over their heads,food on the table and enough money tucked away for emergency or a trip to somewhere nice.

Whether extravagant or simple,to turn these fantasies into reality you need some tips to get you started.

1. Save.

This cannot be talked about enough. Putting something aside,every day, every month does put your mind at ease. There’s a new proverb making the rounds and i think a part of it is relevant here, ” problem no dey finish for this life”.

To be able to withstand these problems which will most of the time need money, you need money stashed away.
It’s hard, I know. With the bills coming from all directions.

It requires self discipline but the rewards are endless, so start today, no matter how small.
It’s probably worth mentioning that if you aren’t earning money or handed a monthly stipend,then you shouldn’t be saving

2: check your self.

The motto “you only live once’ has it’s uses, it encourages you to live your life to the fullest and refuse to hindered. But when it comes to your financial freedom, please put it aside.

Another hard and fast tip to gain financial freedom you need to curtail your spending. You most definitely don’t need that designer bag/ dress/ gagdet that got launched into the market a few weeks ago.

Dining out is nice and all but too often just makes you contemplate your life at 3am in the morning while staring at your bank account. Spend money only on necessities,
There’s a difference between being disciplined with your spending and being miserly. ” Problem no dey finish so try to enjoy”. You don’t need to wonder about the things you need to stop spending on. You already know those things.

“I just got a raise, I can afford to spend on myself” this is not a completely accurate way of thinking. Yes, you deserve the raise/ promotion but you still need to control. Set aside part of that raise and add to your stash money. Done that?.
You can go wild now.

3: increase your earning ability.

This is a bit hard to explain. Your earning ability is every skill,knowledge you have at your disposal, every knowledge, experience you’ve gaine and are able to translate into income during your lifetime is your earning ability.

You could lose your job, savings,house etc seven times over and still make it all back using your earning ability. So take a deliberate step in gaining new knowledge as this will affect your ability to make income/ profit. Learn a skill, hone a craft, something.
Learn everyday,end each day better than you were the previous day. Phyiscal strength is not an earning ability mind you.

4: unsure?, Don’t invest.

“Clara invested 10 naira and got 10,000 naira, I don’t know how she did it but I will try”
If you’re on this table, and you don’t want to come down. You’re headed for premium tears and disappointment.

Now if you’ve listened to the tips listed up above and you have a comfortable nest egg, congratulations, now don’t use it to invest in “investments’ that are hazy and do not give a complete, clear, plausible plan on how to generate income.

It’s a bit hard to ignore this when juicy schemes are introduced but do your best to close your eyes to them. Remember MMM?, We all understood how the pyramid scheme worked and how we would get our profit.

Remember when it crashed and people committed suicide because they’d invested all they had only to watch it disappear into thin air.
So for your sakes, until you’re sure, hold your money tight.

5: Invest in yourself.

It seems similar to tip number 3 but it’s a bit different.
With the income rolling in, its a smart move to take out a bit to invest into seeking financial knowledge.

Be it books,seminars,tapes, counseling sessions, you name it. The tips given above are sound,trust me but you need deeper, more detailed knowledge of about it all works. Investing in yourself, gives insights and help avoid pitfalls in this journey to financial freedom.

All right. That’s all I’ve got.
But I’m hungry for more knowledge. Do share any tips you found helpful in your journey to financial freedom.

Peace and love.
Oma Ahamefule.