FINANCIAL INTELLIGENCE IN SIMPLE STEPS FOR SAVVY YOUTHS
Many are poor, not because they do not make money, but because they lack financial intelligence. This are simple practicable ways you can develop financial intelligence and once it becomes an habit, it will go a long way to ensure financial stability for the future.
SIMPLE THINGS YOU MUST KNOW
1. HOW TO MAKE MONEY: Find out various money making opportunities that are available on the internet and offline and determine which one you want to do. Choose form all available options and the one that suites you most.
2. HOW TO SAVE MONEY: You must make sure that a percentage of all your income must go into savings. This is one of the most important steps you must take for financial prosperity.
3. HOW TO DENY YOURSELF: This is related to saving money, if you must save money, then you have to be able to deny yourself some personal gratification, some luxury in other to be able to save.
4. EVALUATE YOUR FINANCIAL STATUS FROM TIME TO TIME: This is being able to calculate your worth per time. Find out how much comes to you as income and how much you spend as expenses and the difference will show how much you worth in addition to your total asset.
5. DIFFERENTIATE YOUR ASSETS FROM YOUR LIABILITIES: Learn how to increase your asset and reduce your liability. In a Lay man's language. Asset is what you own that generate income for you and liability is that which takes money out from your hand.
6. OPEN A BANK ACCOUNT: I know so many youths that do not have a bank account. You must have a bank account to keep your savings.
7. FORM AN HABIT: Form the above tips into an habit. When it becomes part of you, you will not lack financially, guaranteed!
8. RE- EVALUATE YOURSELF: You must check how you are succeeding in following the above steps. Check your savings, your financial status, your asset, your liabilities. Make this check weekly or at most monthly.
9. GET MORE KNOWLEDGE: Read books, attend seminars and training to discover various other ways you can make money in other to have multiple streams of income.
10. ULTIMATELY INVEST: This is the most important point. You must learn to invest your savings in the 3 sure wealth building vehicles; Real Estates, Stocks and Business.
Do not make light these simple steps as they will guarantee you a buoyant financial freedom. You cannot be too young to invest, you cannot be too young to save for your future.
SIMPLE THINGS YOU MUST KNOW
1. HOW TO MAKE MONEY: Find out various money making opportunities that are available on the internet and offline and determine which one you want to do. Choose form all available options and the one that suites you most.
2. HOW TO SAVE MONEY: You must make sure that a percentage of all your income must go into savings. This is one of the most important steps you must take for financial prosperity.
3. HOW TO DENY YOURSELF: This is related to saving money, if you must save money, then you have to be able to deny yourself some personal gratification, some luxury in other to be able to save.
4. EVALUATE YOUR FINANCIAL STATUS FROM TIME TO TIME: This is being able to calculate your worth per time. Find out how much comes to you as income and how much you spend as expenses and the difference will show how much you worth in addition to your total asset.
5. DIFFERENTIATE YOUR ASSETS FROM YOUR LIABILITIES: Learn how to increase your asset and reduce your liability. In a Lay man's language. Asset is what you own that generate income for you and liability is that which takes money out from your hand.
6. OPEN A BANK ACCOUNT: I know so many youths that do not have a bank account. You must have a bank account to keep your savings.
7. FORM AN HABIT: Form the above tips into an habit. When it becomes part of you, you will not lack financially, guaranteed!
8. RE- EVALUATE YOURSELF: You must check how you are succeeding in following the above steps. Check your savings, your financial status, your asset, your liabilities. Make this check weekly or at most monthly.
9. GET MORE KNOWLEDGE: Read books, attend seminars and training to discover various other ways you can make money in other to have multiple streams of income.
10. ULTIMATELY INVEST: This is the most important point. You must learn to invest your savings in the 3 sure wealth building vehicles; Real Estates, Stocks and Business.
Do not make light these simple steps as they will guarantee you a buoyant financial freedom. You cannot be too young to invest, you cannot be too young to save for your future.
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