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This post is quite long. It contains over 1000 words. If you are really ready to be financially intelligent then you will read it through to the end and do what you heart tells you to do from what you read. I have taken my time to write this based on the research that i have made for a while. I will let you know that i am a voraciuos reader. This will help you a great deal to live a life full of financial bliss.
Make, Manage and Multiply!
When God created man, He gave man a prophecy. This prophecy is that man should ultimately multiply and replenishes the earth. He said what He wants to see happen in our lives. The mere fact that He spoke light into existence and every other thing else gave God the assurance that man will truly multiply and replenish the earth.
One of the ways God wants us to multiply and replenish the earth is through our finances. He truly wants us to show His affluence. This is why He made us know that He is the One who gives power to make wealth. He also delights in the prosperity of the righteous. There are so many things to know about finances. There are many things to still get to read and practice about finances. If I try to condense all in one piece then I will say I’m not giving you the true information you need.
I want to share some points with you based on the topic above. I am going to be letting you know about finances the way God had helped me to see it in my little life. Your journey to financial freedom starts by exposing yourself to the truth about making, managing and multiplying money. The exposure will pay off in a couple of years. Good money never comes once. It comes by precept upon precept. If you can’t handle small, you won’t have the grace to handle much.
Making money is easy. Yes it is. The only thing that is not easy is, how long would you wait to start making money? The time and the patience involved is what most people cannot do. There are various ways to make money. These ways basically runs on one principle. The principle is the money in other people’s pocket or bank account is yours, only if you can offer them a quality service and/or provide a quality product for them. So the bulk of making money is on offering a service or providing a product. There are lot of services you can render and there are lots of products you can provide. To make money steadily from these, you will have to discover what the needs of the people with the money are. So in short, find a need and fill it. Be the best you can be at that. Make use of every opportunity that comes your way.
Don’t be afraid to try. Failures are never the ones who tried and have experience. Failures are the ones who never tried and never had experience. What you get when you don’t get what you want is experience. That experience itself is priceless. You can make a fortune teaching people that experience. One new yet old way to make money is Network Marketing. From the words, it is as simple as that. It is about marketing for your networks (friends and families), telling them about a product or service you use. When they also make use of the product or services, you get paid for what you did. You don’t have to have a product or a service, all you need is friends and families and your ability to market as well as making more friends.
Multiplying money is somewhat easy to. Time applies to this too. It all boils down on time. There are various ways to multiply money. Each ways has its own specialty. In whichever one you want to venture in, be sure to know all you need to know about that area. The simplest way to multiply money is investment. It has no other name but it has many parts. If you know compound interest, you will know the basic principle about how invested money multiplies over time. There are short term investment, medium term investment and long term investment. All these are good but you need to know what you are doing well.
Let me share with you the investment mediums I know. The number one investment medium I know is tithe. You must do this investment if you do not want to live a tight life. It’s not a rhyme, it’s the truth. Tithe is 10% of whatever comes into your possession. How you calculate it and where you invest it is not the scope of my information to you. This is a kind of investment that pays you back in all ramifications. The other big eyed investment mediums are the capital market (shares/stocks), real estate, people’s businesses, intellectual property and your own business amongst others. Whichever you want to adopt, be very knowledgeable about it. It’s time to take a plunge into multiplying your money. N1, 000 (One thousand Naira) today is not what it used to be years back. N1 (One Naira) today will not be what it is in few years to come.Value every Naira (Dollar, Pounds, Euro etc) you have. Keep multiplying them.
Managing money is the part which I consider the most important. It is not about storing up all you have and being tight-fisted. It is all about keeping a tab on where your finance goes to. This is where budget comes into play. I have never seen a budget where all you see is a plan to store up the money in a bank account or a store house. What you see on a budget is a plan on how the money will be used to the benefit of everyone. Managing money means controlling your finances and making sure it is ultimately used for what is beneficial to you and your loved ones. Managing money cures impulse buying and debt. If you don’t know what good thing you will do with a little N1, 000 (One thousand Naira) you are given, I’m sorry to say, you are not ready for financial freedom. You are also not ready to handle something greater. It all boils down to the structure you take time to build now. Don’t wait for money before you start deciding what you will use it for.
Set up your income and expenses chat. Know your inflow and your outflow. Keep a journal of all the income you receive and the expenses you cover. In no way must your expenses be more than your income. If you can set up a budget and keep a tab on where your finance goes to in a month, you will be amazed with what you will see. You will see that there are some things you need to minimize and there are some others you need to step up.
To help us manage our finances, I have come to realize that every budget is hinged on these four ways I’m about to reveal to you. Before I do, I am not revealing this so that you can get informed only but to work on them and later be transformed. What I am after is your rejoicing that you worked on what you learned and it worked for you. The simple but yet over looked way of managing money is what I call SIDS. This is an acronym of Saving, Investing, Donating and Spending.
Whatever the quantity of your income, you must be able to divide them into these four channels. The percentage you give to each is peculiar to you. Develop a way of managing your money based on these four channels. Determine the percentage of your income you want to save, invest, donate and spend. God in creation set in the law of budget. He knew what He would do with the resources He had to create the world and everything in it. He managed the resources well and set each day on a channel He wants to operate in. If He had not done that, everything will be chaotic. For you not to live a chaotic financial life, you have to know how to manage your finances.
Save a percentage of your income somewhere that you won’t touch. Invest a percentage of your income into tithe and one of the mediums you read about above. Donate a percentage of your income for charitable purpose. It is more blessed to give. Give to those who need. What is the essence of making money if you cannot give based on the percentage you have determined. No one is saying you should give all you have. The little you do here and there lives after you. They will speak for you in your time of need. Spend a percentage of your income. What is the essence of making money if we can’t spend it? You might say you have huge savings, gigantic investment, and pleasurable donations but if people don’t see that on you, you are as good as dead. Spend the money but not over the percentage you have determined long before you have the money.
To this end, go on multiply and replenish the earth. Make the money by all good means. Managing your finances based on a good plan and structure in place. Multiply, Multiply, Multiply your finances by sowing them as seeds on good soils. I see you free from all the burden of money. Money is a bad master; it oppresses whoever has made it a master. Money is a good servant; it obeys whoever has been a master over it. Don’t let money control the way you live. Control your finances.
All the best in your journey to your financial stardom
Love you still
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