Financial Lessons And Their Practical Applications

Categories: Financial Intelligence

  1. Make more money! This is the first law of financial intelligence. I have done this for 4 years plus.
  2. Spend Less than you earn! This is what makes you have some reserve. You can achieve this by using daily, weekly and monthly budgeting.
  3. Ensure what your savings are safe from you! This is done by having an Escrow account. You can take advantage of investing in a cooperative savings, fixed deposits, mutual funds, treasury bills and not a savings account. Your money should start working for you. I have done this for over 4 years.

A friend once said “I am building my business; it’s always been my dream. There are so many distractions but I am committed to it. It’s my only stream of income, but I have made up my mind to stick to this one thing!”

  1. It is dangerous to have one stream of income! Focus, but diversify. Having a Job and letting your business having you is one and the same. The goal is to have a system that generates passive income.

First step is to be in control of your resources, are you?

Charles Ezeh,

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I am committed to your financial success!!!

 

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