Financial Literacy Advocate

Financial Literacy Advocate All things Entrepreneurship and Financial Literacy with Thubelihle Ndlovu Your FinLit Skwiza😃

An award by definition is a prize or mark of recognition given in honour of an achievement.My question then is if you ar...
10/01/2026

An award by definition is a prize or mark of recognition given in honour of an achievement.

My question then is if you are nominated for an award,and you are told to pay,then who is getting the award?

In 2026 lets not get financially confused.



Random thought.Have you noticed that most of the time when someone is investing,they  may seem like they are getting bro...
17/02/2025

Random thought.

Have you noticed that most of the time when someone is investing,they may seem like they are getting broke?.Think about the time you bought that land,built that house,built that shop ,bought that car, or that equipment?.Since all your cash was deployed ,you were on zero,or close to zero in terms of liquidity (cash ),yet you had made a big investment!

On the other hand😂 😂,where there is limited or no financial goal setting there is abuse of money and a deception that one has excess money 😂🤣.Once you feel like you have a lot of money such that you can no longer stay calm 😂 ask yourself what investments you have made.

The above two scenarios is the reason why it is hard to get money from financially focused people as most of their money is tied to a plan.Its also the reason why people who have no financial plan are always losing money,or seem unlucky.Its because there is no specific destination for their cash.

People with no financial plan usually blame others or even invisible forces for spending money on their behalf!

Ask yourself what you want to achieve,how you want to achieve it,and by when.This creates a "map" which then becomes a guide.If it is too difficult ,get an accountability partner to constantly ensure you are on target

Financial goal setting gives you focus,helps in decision making,clarifies priorities and is a sure way to measure and control spending,it simply gives your money a reason to stay and grow with you😄

Thubelihle Ndlovu
+263 773 455 138

In Texas theres a saying that Don't be a big hat no cattle type of person.The long and short of it is that one who tries...
15/12/2024

In Texas theres a saying that Don't be a big hat no cattle type of person.

The long and short of it is that one who tries too hard to portray an image of being rich is not wise.Basically you exert a lot of pressure on yourself because you need to continuosly spend more money in order to look rich,behave rich or be in places where you believe the rich should be seen at.You are basically the main actor ,in this big movie of your life😂😂😂😂

The opposite of this is simply living within your means.Read that again.



Random thoughtSo one of our thematic areas at Purse on Point is Estate and Succession planning,which is simply  financia...
24/11/2024

Random thought

So one of our thematic areas at Purse on Point is Estate and Succession planning,which is simply financial wellness beyond the grave or after incapacitation.

I have seen how within a few years of the parents death,the children quickly sell off their parents houses and businesses which took years to amass.

Most of us here are first generation,pathfinder entrepreneurs in our families ,and studies show that as we get older we notice the glaring reality of our children wishing to pursue completely different paths that view the businesses that we built over decades a hindrance.

On the other hand we see other families with an entrepreneurial culture seamlessly taking over their parents businesses of which they have been a part on since birth.

Maybe our problem is just giving our children money and benefits from the business when they are young,with no interaction with the day to day running of the business.The ideal situation is ensure that the child has a holiday job within the shop,and is known by clients and stakeholders from a young age.

It is unrealistic to think that when you are gone your child or successor will suddenly develop interest in your business when you disengaged them for years.It is also fallacy to expect clients to embrace a new "CEO" who was not introduced to them during your lifetime.The clients will assume that their time with your business is up,and they switch to the next competitor who is alive!!!!

Your children meanwhile will opt for what they are used to doing,getting money without working,which is simply to sell off everything and make money😭sounds heartbreaking.

Succession planning is a process,and not an event.Its about building a culture in your successor and cultivating interest.Herein lies the secret ingredient in building a legacy and smooth transition by your intended beneficiaries.

My favourite Entrepreneurship author when i was at school, stressed this point endless in our Family business module.Today i thought to sum it up for you in one line,Catch them young!

©️Thubelihle Ndlovu
0773455138

When it comes to high risk high return ventures like tenders,or when one is a successful artist or footballer ,they need...
17/11/2024

When it comes to high risk high return ventures like tenders,or when one is a successful artist or footballer ,they need to be aware that since these may be high income trades,they inherently come with a very short lifespan of active and continuous income.

Advisory to these groups of people should mainly be centred around making their income stretch longer than their active years.They must be financially disciplined so as to spread their income through out their lifetime by investing.

©️Thubelihle Ndlovu
+263 773455 138

Its so sad how many skilled builders boast of building hundreds of mansions and commercial buildings,but never really pr...
10/11/2024

Its so sad how many skilled builders boast of building hundreds of mansions and commercial buildings,but never really progress in life.Some never even get to build their own houses😭.

As a builder, or entrepreneur ,there is always this deception that one customer will pay you enough to buy your house on a single transaction on a single day,but many a times this doesnt happen.Cumulatively the money you have held to date is enough to build your own house or two ,but the duty to accummulate the money lies with you!

If we do a flash back of the money that has passed through your hands to date,what does that tell us about your ability to attract and retain money?.In Financial Literacy what matters is not how much you make ,but how much you can save after spending.Read that again.

©️Thubelihle Ndlovu
+263773455138

There are businesses that are said to be on autopilot.They basically run themselves without records.The only record that...
02/11/2024

There are businesses that are said to be on autopilot.They basically run themselves without records.The only record that you might find is the Daily Sales/ Daily takings book,because to them thats all that matters🙆🏾‍♀️

In these businesses,the entrepreneur has a high temper,and every employee is a suspect😅😅😅.




May we take note Entrepreneurs.We do not celebrate sales,or daily takings.We wait,subract our costs to get the profit,th...
27/10/2024

May we take note Entrepreneurs.We do not celebrate sales,or daily takings.We wait,subract our costs to get the profit,then celebrate😃

On that note when we make a sale,that day does not become payday for us.Those are just sales not profit.

Spending daily takings means come monthend we will not have money for our rent,salaries or even restocking🙏




It is not possible to be debt free or financially free,if everyone who is selling  any and everything has your number sa...
02/08/2024

It is not possible to be debt free or financially free,if everyone who is selling any and everything has your number saved as their customer!

Imagine walking into a clothing store,trying on a pair of jeans then asking the sales person how you look.......

Experts have also agreed that clothes tried on a shop look more glamourous than at home.Who knows what magic lighting these shop owners have!

In conclusion,it should be noted that taking financial advice from salespersons,TV adverts only leads to uncontrolled spending which is an enemy of financial freedom.

Even as it is monthend remember it took us 30 days to earn our money,we cannot spend it in 30 seconds.Lets pause and breathe ,and draft a budget,not forgeting that no matter how much we earn,we need to put aside money for savings every month.Its not about the amount saved,but building a culture and an attitude of savings.

So today I would like to share about the opportunity or the curse of unexpected money or in simple words a windfall.As t...
30/06/2024

So today I would like to share about the opportunity or the curse of unexpected money or in simple words a windfall.

As they always say,a spendthrift also known as a person who spends aimlessly and who does not have a financial plan will always think they have too much money.

What do you do with the unexpected bonus,insurance payout,walk in client who just pays a huge lumpsome from nowhere,or even a loan that unexpectedly got approved.

The answer is pause,and take a deep breath,ignore the money for a day or two,or more until you have a proper Financial plan!

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