We know how in marriage, life and laziness get in the way of applying knowledge that we have. Interestingly, the same thing happens when it comes to personal finance; we acquire tons of knowledge but how much of it do we apply? Here are a few personal finance basics few take time to practice.
- What can I do, right now, to increase my income?
- How can I reduce my expenses? In what ways can I cut spending?
- Apart from my main income stream, what do I have that is of value to others, and how can I polish and package it to earn income for me?
- What am I naturally good at? What are my talents and gifts? How many of them have I honed into skills?
- Do I know people who have walked my chosen path to wealth? How can I learn from them?
- What opportunities for earning more and building wealth have I missed in the past and why? Can I salvage any?
See more HERE.
Damilola Teidi is the CEO/Co-Founder of GoMyWay Africa, Nigeria’s leading ridesharing service connecting travellers with private car owners who have spare seats to share. She talked to me about GoMyWay Africa, her passion for using technology to solve problems, and her interest in the entire process involved in commercializing new technologies. Read the interview HERE.
“Please how are you guys coping?” has been a common question amongst close friends since Nigeria went into recession. While a lot has been said about why money causes so much friction in marriage, embracing frugality, and fixing your finances in 2017, couples can achieve more working as a team.
Lifestyle changes have been known to produce better results than resolutions. You need to take action each day if you will make progress.
Everyone usually looks forward to a better year each time January comes around, but what will you actually do, or do differently, to be productive and achieve more in 2017? Here are a few suggestions.
Your greatest asset is not any of the material things you’ve acquired; your greatest asset is you. That’s why it’s such a waste to try to live someone else’s life. And that’s why you need to invest the most in you this year.
There’s only one you. Nobody can do “you” like you can. When you let that sink in, you have to decide what you’re going to do with it.
We’re facing challenging times as a nation, and the best thing you can do is fortify yourself. Read more…
So 2017 is the year you get your finances in order, right? That sounds nice, unless it’s the same thing you said in 2016, and in 2015, and in 2014…
When it comes to managing your money well, you can’t just fail and then decide to try, try again. You need to learn from the money mistakes you made previously, and come up with a practical plan to avoid doing the same things this time. Here are some tips to help you do that.
It’s a Ponzi scheme! It’s a Ponzi scheme! Who exactly was Charles Ponzi and what was this infamous scheme of his that has inspired so many others? I wrote about it HERE.
We know that marrying a dreamer who enjoys talking big without corresponding action, or who counts his chicks before they are hatched, is setting oneself up for a marriage fraught with disappointment and frustration. However, while it is true that not having enough money can and does put strain on a marriage, money issues in this honourable institution go way beyond that. Read more…