5 days ago
HIGHLIGHTS OF FIRST DAY @ SUMMIT
Operating a household without a budget is akin to operating a business without a plan, without goals and without direction (The Millionaire next door)
Planning is typically found to be a strong habit among people who have a demonstrated propensity to accumulate.
To be Wealthy; you must plan to be Wealthy.
Your income is your seed whether you are earning a salary, or you own a business. Guard it! The earlier you set up a plan to win you will keep losing and remain unfulfilled. ( Growing Your Money Pot)
Our first speaker, Frances Aborigho was phenomenal as she infuses storytelling in the discussion. The one hour plus interview dealt with questions spanning savings, budgeting, separation of personal money from business money, investment mistakes and how she went about it and avoiding debts.
On debt; our debut Debtfree Strategy Session took off today. The one hour was engaging with having the right mindset to conquer debts and practical steps to eliminate one. Join us tomorrow for the concluding part.
Still on the Summit,, Key points to embrace, one is delayed gratification, this can only work when you understand the relationship between contentment and frugal living.
Most people think that what they earn is the problem but if their salary is increased by 100%, what happens to their expenses?
So what you currently earn isn’t the problem, but what you do with what you earn! Learning to be satisfied at whatever level of living and managing your income by living below what you receive as earning.
The next which becomes easier is saving money when your spending is reduced especially when an increase and extras come in. Savings is then done with a purpose and it's easier to be generous.
Separation of personal money from business can only be effective when you are on a plan.
To get more details , please watch the replay @MoneyManagers on Facebook.
#frugalliving #Nigeria #MoneyManagers #Savings #Lagos #Cashisking #Debtfreedom