Hey,
Motivational Thursdays are here YAAAY! I am sorry that I haven't blogged for about a week now but I guess summer is just hitting me with plans after plans. I just don't have time to blog anymore BUT when I can I always try to find time because I love blogging to you guys!, THURSDAY ANOTHER MOTIVATIONAL DAY. TODAY IS THE DAY I BRING YOU SOME MOTIVATION AND INSPIRATION. I'm hoping you're having a good week. I hope you're feeling fresh and joyful. If not, don't think of it as a bad thing there's 3 other days to go and after every dark night there's a brighter day..your bright day is on it's way.
Growing up I used to the think that being wealthy/rich was about getting A LOT OF INCOME. I thought that it was about getting a high paid job but really, it's not. It doesn't matter what you do, how old you are and what race you are.. if you don't know how to handle money effectively whether you're young and poor, young and rich - you will have no money. end of.
There's been times where I was literally trying to hustle off twenty pound for a month, a whole month. THAT WAS THE HARDEST THING EVER. Being in that position allowed me to fix up my knowledge into finance and it allowed me to gain a certain mentality around money. This post is productive, effective and applicable regardless what income you have and what age you are.
LESSON 1 -NEVER JINX YOUR INCOME
if someone asks you for money or they ask you of your financial stability -
DO NOT SAY YOU ARE BROKE OR DO NOT SAY YOU HAVE NO MONEY, by saying that money will not come your way OR money will be hard to come by.
DO NOT SAY YOU ARE BROKE OR DO NOT SAY YOU HAVE NO MONEY, by saying that money will not come your way OR money will be hard to come by.
LESSON 2 - UNDERSTANDING MONEY
ONE THING I HATE is how people say money is evil. HOW CAN MONEY BE EVIL?
Money is like a knife, it's neutral - you can use a knife to cook food (which is for good - of course it's good, Food is everything) or you can use it to cause harm (which is for bad) It's not about the item it's self, its about the person behind it. Money isn't evil, the person behind it needs to be bad for the money to be bad - Money only amplifies your character.
LESSON 3 - MANAGING MONEY
One thing I have realised is that most people increase their spending, as their income increases.
NO NO NO NO NO NO NO! This is what differentiates people that can handle money and people who can not.
People who can't handle money, when their income increases, so does their spending
WHEREAS people that can handle money, have a strict spending limit, regardless of whether their income decreases or increases they will still have money to be comfortable with.
LESSON 4 - HOW TO DIVIDE MONEY
40 % = Pleasure/Leisure/Whatever you want
40% = Save
10% = Future (NEVER TOUCH THIS NO MATTER WHAT)
10% = Education/Career (What I mean by this, whatever you want to do you have to invest - whether it's law, finance, psychology,modelling - use this to invest into your career)
LESSON 5 - THE BEST QUOTE YOU WILL EVER NEED TO KNOW ABOUT MONEY
"People that can handle money, spend money to save time.
People that can't handle money, spend time to save money"
A lot of these teachings, I learned from a seminar of Junior Ogunyemi - his teachings really opened my eyes financially! Thanks Junior!
CASE STUDY -
Richard Branson
Age
64
Profession :
A very successful business man
Most known for
Owner of Virgin
How did Money Handling help Richard Branson?
Two things I learned from studying Richard Branson's life was how much he planned for the future financially and how he avoided spending money by not going out as much.
Richard Branson had a mentality of investment into the future, he argued that investing into the future was one of the most important things you could do.
Richard Branson is successful not just because he worked hard, but because he worked smart. He avoided going out, so he could save money to invest into his future business.
By investing into his future business, he then created Virgin - one of the most known and most successful companies globally.
Richard Branson had a mentality of investment into the future, he argued that investing into the future was one of the most important things you could do.
Richard Branson is successful not just because he worked hard, but because he worked smart. He avoided going out, so he could save money to invest into his future business.
By investing into his future business, he then created Virgin - one of the most known and most successful companies globally.
so tell me - How will you handle your money?
YOU CAN NOW SUSCRIBE TO MY BLOG AND BE UPDATED STRAIGHT AFTER NEW POST RELEASES AND YOU WILL EXCLUSIVE ACCESS TO GIVE AWAYS - YOU'LL HAVE FIRST DIBS!
GO TO THE HOME PAGE AND ON YOUR RIGHT HAND SIDE 'KEEP IN TOUCH' ENTER YOUR DETAILS AND WE SHALL KEEP IN TOUCH!
HAVE AN AMAZING EVENING! YOU'RE AMAZING!
I finally had a chance to read this one and omg I'm literally bookmarking this, printing this out, sticking it on my wall, maybe even framing this! LOL 😂 this was one of my favourite posts tbh. You are so great at what you do, I can't even comprehend how helpful, wise and inspirational you are. Keep this up girl i'm rooting for you 100%
ReplyDelete