Skip to main content

FINANCIAL FREEDOM: CURE FOR A LEAN PURSE



After a thorough research and finding, I was able to dig out a perfect and realistic cure for a lean purse. This will sound interesting as a lot of people are affected and disturbed by this scourge “lean purse”. But not to worry as the following procedures if followed with outmost seriousness will definitely work like magic. I have tried it worked. Here they are;

Start your purse to fattening:
For every man that labours and earns an income has an unlimited access to fortune. Each of this earning source is a stream of income from which you divert a portion to your own portion.
Hence, into the purse of each person flows a stream of income large or small according to your ability. So, start by simply paying yourself ten percent of every income that comes into your purse and your purse will start to fatten at once. Though this may sound too simple but do not discard. And note that when you begin to take out only the remaining ninety percent (90%) that comes into your purse, your purse begin to fatten as the constant ten percent (10%) retained continues to grow. This is simple saving plan!

Control your expenditures:
This is done through proper planning and budgeting. Budgeting restrains you from spending beyond the ninety percent you put out of your purse and let you focus strictly on those things you planned to spend on. Any expenditure not budgeted for should wait……………be disciplined!

Make your income (savings) multiply;

Having guarded your ten percent savings well, it shouldn’t stop there. You must allow it to fetch more income for you through investments. The return from your investment is what makes it grow into a fortune. Do not live your savings idle, let it work for you.
“The gold we may retain from our earning is but the start, the earnings it will bring shall build our fortunes”

Guard your investments from loss:
Seek professional advice before you make investment decision. A little amount spent in seeking professional advice regarding investment will be nothing compared to what you will lose investing wrongly. Loss from a single wrong investment decision can erode all you ever saved from the beginning.
Don’t be too overzealous to make money, start small and learn to protect them before venturing into large investment.



Increase your earning ability;
This can be achieved by learning new skills and upgrading yourself in your field of practice. This will increase your efficiency which reduces the time to accomplish tasks, hence more time at your disposal to work and make more money. Also new skills help you diversify and expand means through which you can earn more.

After you must have taken or put this into practice, it is necessary you take care of yourself. It is only a healthy person that can think of making money and still be alive and free to enjoy it. Insure your business, income and yourself.
See you at the top!







Comments

Post a Comment

Popular posts from this blog

Finance: Net Present Value in the real sense.

Net Present Value (NPV)...... The difference between the present value of the future cash flows from an investment and the amount of investment. Present value of the expected cash flows is computed by discounting them at the required rate of return. For example, an investment of $1,000 today at 10 percent will yield $1,100 at the end of the year; therefore, the present value of $1,100 at the desired rate of return (10 percent) is $1,000. The amount of investment ($1,000 in this example) is deducted from this figure to arrive at net present value which here is zero ($1,000-$1,000). A zero net present value means the project repays original investment plus the required rate of return. A positive net present value means a better return, and a negative net present value indicates unfavourable returns. Net present value takes into account the value of the dollar today compared to the value of the dollar in the future, which is why it is a very important value to look at...
Post a Comment
Read more

FINANCE: CREATING MULTIPLE STREAMS OF INCOME (FINANCIALFREEDOM)

Hi, I trust you have being able to put into practice what you read on this blog on creating multiple streams of income. Good, to cap it up i will like to add this one last tip and i bet you, it is a secret weapon to finacial freedom. Investment: Interest from investment is another form of income. Investment in this regard includes; contribution plans, fixed deposit (call account), investment in bonds and treasury bills. Caution should however be taken in negotiating interest rate, maturity date and other terms that may affect your returns. See you at the top!   Make a minimum of $2 by just clicking on the link, absolutely free and easy. http://incomepart.com/ref.php?page=act/ref&invcod=58605   SPEND WISELY !
Post a Comment
Read more

Football: Lazio respond to false age claims of teenager.

Lazio have threatened legal action against those who have questioned the legitimacy of the age of their 17-year-old Cameroonian player Joseph Minala. The Italian side stated that his birth certificate is "absolutely legitimate". Lazio added:   "We reserve the right to take action against those responsible for the protection of the good name of the company and the footballer." The midfielder also issued a statement via the club's website denying he told an African website he was 41. He said: "I have read the alleged statements posted on the website senego.net in which it says I confessed my real age which was different to what was stated in my [official] documents. "They are false statements that have been attributed to me by people who do not know." Minala joined the Rome club last summer and recently played for them in the Viareggio Cup youth tournament. Source: BBC Sport.
Post a Comment
Read more