01/02/2020
Happy New month guys. Thank God January ended in style. The wait was so long. By now salaries would have popped in and spending resumes. Some would resume spending with clearing up December debts. This may open up more debts and the cycle of debts starts again.
I want to share some thoughts that i think may help your finance for 2020.
I hope to share tips on week by week bases starting from February.
Savings Plan that Secures the Future
A savings plan is a step by step guide on how much money you will keep aside for the future. It is part of preparing for the future. You cannot change the past, but with a glimpse of hope you can determine the outcome of your future.
You may say you do not earn much and thus you cannot save. Saving is not in the quantity but in the act, the will and ability despite the volume of income. It is an ability that most poor people lack. And that is why they continue on and on in poverty.
Poverty is not entirely lack of money but lack of hope, ideas and wit to generate means and wealth. Poverty is lack of the know-how to get wealth or it means.
Savings is one of the ways to get out of poverty fast.
A poor man that does not eat all his income at a go is more trust worthy than one who eats all at once. If he continues, poverty for him will fade away.
It is wise to put aside, despite cravings and desires.
A plan to save is wisdom.
Savings widen your outlook for life. It helps you prepare for a good future. Savings increases your trust financially. It helps you attain financial stability with speed and ease.
Save Before You spend.
I do not save because an emergency may arise. I save with the mind set that an investment opportunity will come in the future that will require quick cash. I save because a big buy-out may occur in the future and i don't want to miss out.
Your mindset and mentality tally up to produce you a reality. If you save because of emergency, it will definitely come and then suck up your savings.
Save with the mentality of hope. Have a big outlook as you save.
Let the following statement of truth be in your heart always
• Plan to save not to spend.
• Invest and not spend.
• Save before you spend.
• Do not save to spend.
• Spend on quality and value.
You can start today.....
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