Poverty is a state of ignorance, either ignorant of the fact that you have to get working for someone, knowing that your place of work is what gives you income (or the fact that No food for lazy man) and possibly obtaining the business and investing mentality.
These factors put in place can get you out of poverty, but for How long? You could decide to get more jobs probably two to three per time jobs. However , How long do you intend to live ? Don’t you desire long life?
Your means of income without applying certain wealthy habits leads to poverty . ~ NSE ~
Every individual must not be a CEO or Business owner, but you can be a commander of wealth , if you put your youthful age to work and desire to adhere to THESE FOLLOWING TIPS:
- Work For Your Money; Love to work and learn to be hardworking, always desire for more work and never remain torpid to get yourself cleared from temptations. Absence of money leads to frustration and wrong intentions especially, inability to get your desires. Go get a Job and stop been indolent.
- Develop A Saving Habit; Once you have gotten a job, cultivate the habit or culture of saving. Is one factor to obtain Wealth.
- Reduce Your Spending Habit; When the government encounters economic meltdown they reduce importation and try to increase exportation of good and services in other to increase the countries financial state. This should also be applicable as an individual, it should be our ritual. cut off unnecessary expenditures and reduce your borrowing habit.
- Know Your Expenditure (Budget); depends on the kind of job you do either weekly or monthly you should know your income. your total income monthly helps you to plan your budget, and make sure you plan your budget before the money gets to you.
- Steps On How To Budget
- Always budget based on percentage i.e 35%, 40% etc.
- If you are a christian remove 10% of your earnings for TITHE.
- Remove at least 10% to 15% seperately for your SAVINGS.
N/B This money should be kept seperately, its untouchable, possibly get a different account only for your savings.
- Remove 70% for your family.
- Remove 5%-10% to charity or any one in need.
- Invest; this is were your savings becomes very useful. this phase of life should be traded with care. Invest your savings either on Real Estate, Shares, Fixed deposite etc just venture into a business you have an indebt knowledge of.
If these steps are adhered to consistently, congratulations you are on your way to Financial Freedom.
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