You’re here. I can only assume that this means you’ve given some thought to your money habits or you’d like to give some thought to your finances. Or it could be that you’re just someone who’s conscious about your money habits and like to get educated/enlightened. Whichever reason has brought you here, you’re most welcome!
We all strive to be financially independent someday soon. I’ve heard it said that to know whether you can afford something, you have to be able to buy it twice over. “Financial independence is the state of having sufficient personal wealth to live, without having to work actively for basic necessities. For financially independent people, their assets generate income and/or cash flow from dipping into the assets that is at least as great as their expenses.”
Financial planning is a tool to achieving financial independence. The desire for this independence is in most of us, but the actual tools to attain this state will require action rather than mere words, thoughts and hope. Like every good thing that we’ve attained, we need to work conscientiously towards achieving our desired goal of financial independence. Taking one tiny step daily toward achieving your goals will take you far. This isn’t a function of what you earn currently or how much you have saved up nor is it a function of how big or otherwise your dreams/responsibilities are.
Whether you’re a business owner or an employee, whether you’re looking to start up something by yourself or with partners, whether you’re a hoarder or a spender, your finance is essential to the very core of what you are and what you do. It also doesn’t depend on age. In hindsight, a lot of people wish they had started being deliberate about their finances earlier in their lives rather than later. For instance, I started being conscious/aware of my finances whilst I was in secondary school. I realized that to have spending power, I needed to have earning or saving power. I quickly came up with various schemes to legitimately make money (not necessarily buying and selling) but a couple of my classmates and I started what we called a ‘bank’ at the time. LOL.
Following this, I tried various other legitimate “businesses” to ensure that apart from my pocket money, I had earnings. Also of great importance was what I was then going to do with the money earned/saved! I invested in my first Treasury Bill at age 19. I walked into the bank by myself and requested the investment options available. Now this was because I knew that it wasn’t just enough to have earnings or savings, I needed to have them invested appropriately. I also knew that I wanted to have “a lot” of money by the time I was graduating from the University even though I didn’t have any particular thing I wanted to do with the money. To achieve this, I needed to have a plan which I could be committed to and I did.
The importance and advantages of financial planning cannot be over emphasized. Sign up today to
- A dedicated personal consultant available 24/7 via email
- A personalized life/goal planner with implementation strategies
- Tools to aid your investment decisions
Once again we say, you’re most welcome.
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