From what I have discovered about most financially successful people, they still live below their means despite their wealth. Yes, they have it all, but are never thrilled by the prospect of what their financial power can acquire: luxury cars, endless vacations, flying first class, eating out in exotic restaurants, lodging in 5-star hotels… It all doesn’t mean a thing to them. Most still enjoy driving their old cars and cooking their meals; that’s what I call “living below your means!” Living below your means is the ultimate sacrifice for a financially successful future—yes, you heard that right. It’s the…
Author: strong
If you have been able to start and keep a business running month in, month out, year in, year out, despite facing challenges, that’s no ordinary feat you’ve achieved. In the process of growing your business and keeping it running, you would have been caught up in the web of complex operations like managing your clients, handling business operations, and trying to grow your brand, forgetting that there’s an important aspect of your business: paying yourself. As a small business owner just starting out, you might get confused about how and when to start earning income from your business for…
Saving money on a low income can feel like mission impossible, especially when you have so much ‘to-do’ on your budget. But the good news is saving is not a luxury for only those who earn more, but for you. No matter how low your income level is, with these ten (10) hacks on how to save money on a low income, you can stretch your income further than you think by building a tidy sum from your savings. 1. Follow the Money: Track Every Cent You Spend A colleague at work will often complain to me that he doesn’t…
Managing your finances isn’t all about saving and spending; with the right investment moves, over time, you can double your investment. Rather than think of investment as high-risk gambling, think of time-proven strategies that have helped countless people achieve double or even triple the amount of their investment through simple, risk-free, or low-risk investment strategies like compounding interest on high-interest savings accounts, retirement accounts, real estate investing, and a host of other investment tools. In the end, it’s all about smart investing. Therefore, these 9 easy investment tips can help you build your wealth without you taking the front burner.…
Planning a wedding is a very thoughtful process that will involve you making cost estimates on all aspects of the wedding plan, including venue, catering, and decorations; hence, the need for you to prepare your wedding budget one year ahead to give you a solid financial roadmap that will help you make informed decisions. Effective wedding budgeting, careful planning, and a bit of creativity can deliver your dream wedding to you without hurting your finances. This post will explore seven practical tips to make your wedding a toast. How to Build a Realistic Wedding Budget: 7 Key Tips You Need…
One common misconception about building wealth is that you have to save a large chunk of your income monthly. Although it does help, building wealth isn’t about saving a large portion of your income, but being consistent with practicing easy management tips that can help you stretch every dollar you spend. Whether you’re just starting out on your financial journey, trying to pay off bad debts, or building your savings account, these seven money management tips will get you started and help you to achieve your financial dreams. 7 Easy Money Management Tips You Can Start Today 1. Track Your…
If you live from paycheck to paycheck, then you’re a broke lady. Being broke is not a sin, but staying broke as a lady is. Women who are rich aren’t rich by luck or by winning the lottery; rather, they made smart, intentional choices with their money. You too can be a rich woman by learning from the financial habits of women who have achieved financial freedom and stability. Here Are Nine Financial Habits Of Women Who Are Never Broke: 1. They Are Financially Disciplined: They Live Below Their Means Rather than spending lavishly, women who are rich keep a…
A 2024 study by Fidelity shows that 45% of couples argue about money occasionally. In the real sense of it, almost every couple argues about money at one point or another in their marital life. Flashing back, you would remember countless arguments you have had with your spouse over money. The good news is that rather than letting finances be the leading cause of argument; with mutual understanding, intentional planning, and teamwork as a married couple, you can build a happy future of financial stability together irrespective of your income level or financial background. How to Easily Manage Money as…