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Wednesday, 24 September 2014

FINANCIAL INTELLIGIENCE


 

 
Savings is one of most important aspects of living, but it is the most difficult thing to engage in. Chances are that if you do not have sufficient income, you are bound to believe that savings is not for you.

 
Listen, SAVING is a MUST and might also be the only to be able to invest occasionally. It is most easy when you identify what you want to invest in and then give yourself the time to save up.

 
My personal experience was that for a very long time, I didn't know how to save because I always thought that solving all the challenges in my life was wiser than keeping away something. But one day, the knowledge got to me that it would be difficult to live as a human without challenges, so I learnt to prioritise instead.
 

In a short while I was able to invest with my savings and you know what? The issues didn't threaten my life either.

 

Like I said, we are going to learn how to create wealth on this blog, so get prepared to contribute your knowledge also. If you come across anything you do not agree with, please don't hesitate to disagree.

 
For today, I want us to reflect on SAVING A LITTLE OF ANY INCOME AT EVERY GIVEN OPPORTUNITY. There are many creative ways to save when living in very harsh economies such as in the some part of African or Asian region, hence we may have to mention here the different methods by which we could engage in savings.

On the next session, we would be naming these methods.

What we should take away today is that we must keep away an amount of money for savings each time we earn. This could then be used to invest in a venture of our choice, which could be either long term or otherwise.

 

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