Whether you’re a career woman, a stay-at-home mom, or an entrepreneur, you too can step up and take charge of your financial future by earning Passive income, which will serve as additional funding for growing your emergency fund, investment portfolio, offsetting your mortgage, or even going on a dream vacation. The good thing about passive income? You can earn passive income even while you’re sleeping, it doesn’t take away your primary job; rather it helps you to channel your extra time into productive activities; if, as a lady you’re not yet earning income passively, you can try out some of…
Author: strong
As a girl, your needs and wants are endless, insatiable, and unlimited. This gives rise to the need for you to be a rich woman; to be able to have all your needs and wants met without batting an eyelid; spend more money on luxury while having more money than you probably need stashed away to meet up with future emergencies. But it all looks like a mirage in the face of the harsh economic reality where you have to work 9-5 and ending up with barely more than enough to meet up with your needs and wants, and a…
Your inability to say no to financial requests from friends and families, or turn down social obligations can result in a heavy financial strain according to Wells Fargo in his report which says that 63% of adults in the US face major money stress. Hence, to maintain your sanity and relationship with friends and families, it is important to set financial boundaries, letting your families and friends know that your relationship with them does not transcend your financial boundaries. Therefore, in this article you will learn how to set financial boundaries with friends and families without hurting your relationship. 1.…
Challenges like Job loss, health issues, high levels of debt, divorce, poor money management, natural disasters, economic recession, business failure, and the rising cost of living are some of the common causes of financial crisis. When passing through trying financial times resulting from any of the causes of financial crises I have listed above, here are 8 spending habits you should imbibe to help you come out of your financial crises strong. 1. Live Within Your Means: Embrace Frugal Spending If you intend to live and keep your finances afloat in the proper economic sense, you need to save money…
Being mentally and emotionally savvy does not automatically indicate that you’re smart with money. Hence, you could be earning an average of $6,500-10,000 monthly, and still end becoming a financial burden on colleagues, friends, or family members before the month runs out. Likewise, you can earn as low as $3,000 monthly and still keep things tidy, meeting up your financial obligations and still having enough money to put away for the rainy days. If you do not have any of these signs that shows that you’re financially smart, then you can pick up all and more of the habits of…
Budgeting is essential for an effective financial plan; it is the reason every single dollar you spend counts. With budgeting, you wouldn’t have to worry about not being able to account for your spending; rather, you’d be able to save more and do more with your money. Budgeting successfully helps you to spend your money smartly, get you out of debt, and helps you to build your savings faster. If you’re yet to start budgeting, or you’re a pro at it, you will find these 9 practical budgeting tips quite helpful in making money management easy for you. 9 Practical…
In a similar vein to making New Year resolutions and other promises, but more formally, financial planning involves the determination of the future you wish to have with respect to money and the strategies to achieve this within a given timeline that is usually measured in one year and your retirement age. For instance, when you have the following thoughts in your mind; ‘I want to buy a car before the year ends… I want to own a house within the next ten years at most; I want to save for my children’s school fees.’ They are financial goals that…
No doubt people stumble upon wealth while some are born into generational wealth; but a vast majority of wealthy people across the world have to earn their wealth in a hard way: with sweat and sacrifice; as such, picking up habits along the line that has helped them in achieving their dream of becoming very wealthy individuals. If you desire to be wealthy; a self-made millionaire, here are ten of the best financial habits of the wealthy that can put you on the path to also becoming a wealthy person. 10 Financial Habits That Will Make You Wealthy 1. Avoid…