If you have decided to improve your financial condition this year, then this post is a must-read. Inside this post are some of the mindsets you should avoid if you want to succeed this year.

Just like most working class graduates out there, my finances aren’t perfect; but within the last few months of last year, I learnt a lot I implemented, and it worked wonders for me. Making progress on financial issues can prove to be difficult. To say “I want to be debt free” is general – as there is no starting point or call to action. Setting up your financial house isn’t impossible; you only need to start from somewhere.

These are the basic steps I took, and you can also use it to improve your financial condition as a white collar jobber man.




Pay yourself first

This basic step to improving your financial situation is to pay yourself first. It might seem a little bit odd, but it is the one convenient ways to improve your financial condition. As soon as the paycheck drops, you should take out an amount and pay yourself first, before looking out for other debts to clear. This was how the richest man in Babylon came about.

Paying yourself means taking out a portion of your income daily, weekly, or monthly, then you save or invest it. If I were you, I will choose the former as the best way to pay myself.

Several times when an investment opportunity springs up, one of the common excuses to hear is “I don’t have enough to invest.” This isn’t because you don’t have enough; it is because you didn’t pay yourself first.

Just learn to pay yourself first, and then you will be fine.

Don’t Save to Spend, Save to Invest

Nothing scares me more than when I hear someone say “I need to save to buy a new car.” No one should save his hard earned money to spend it; rather you should invest it into something reasonable, then you use the passive income and accomplish your needs.

According to Wikipedia, passive income is a cash flow received on a regular basis, which requires minimal to no effort by the recipient to maintain it.

Passive income has been the best thing since pizza. To improve your financial condition or status, you should have your eyes all opened for streams of passive incomes.

There are several ways to earn passive incomes and improve your financial condition, and a few of them are;

- Invest in an already established enterprise
- Negotiate for higher pay
- Take up side jobs/projects

You can either speak to your financial advisor or reach out to me using the comment section and I would guide you properly.

Have a Budget and a Financial Calendar

Have you ever seen the big corporations and organizations making financial plans and projections? That’s exactly how you should run your finances. The only way to improve your financial condition without any side income is to stay with or below your budget.

But what if you don’t even have a budget?

You should really learn how to draw up a budget now, keep it real with a financial calendar and then make projections.

Having a budget is one task, spending within your budget limit is one hell of another task on its own.

Read and Master Financial Numbers

It might not sound too interesting at first, but it is a crucial and basic step to improving your financial situation. I was never a finance student in college, but I am working on correcting that right now. I need to know what the banks know, so I am reading up on stocks, taxes, interest rates, and 401(k).

There is a lot to learn, so I am taking my time, and it has really helped me make better plans. This means I can now take decisions without hurting my financial condition.

Put money out of your reach

Credit cards and ATMs for those in Nigeria are one of those things that will aid you go broke before you say Jack Robinson. A simple rule is to make sure you don’t have any of them for your ‘real’ savings account.

You should also not keep a large sum of money in the house, as the urge to spend on irrelevant things will always crop up.

Learn to shop online during festive periods

Easter, Halloweens, Christmas, Black Fridays, and New Years are known for one thing “DISCOUNTS”. If what you need to get now isn’t so urgent, you can wait for a festive period to buy it at a more discounted price.

A premium theme I bought $65 is now selling for $9 just because of the New Year promotion. It was urgent then, so I have no regrets.

Start Something

The best was saved for the last. If you sincerely wish to improve your financial condition, then you need to stop running from poverty and chasing wealth. How long can you keep cutting cost just to stay afloat, when you can live the way you want by minding your own business?

No business is little as long as it generates revenue for the owner. As a working graduate, couple or single parent, all you need do is start something no matter how small. If you manage it properly, you may just live the life you dreamed of.

To improve your financial condition is not rocket science. It is all about making plans and getting down to work. You may plan all you want about improving your financial situation; but if you don’t take actions, you might just keep making movements without covering any distance.

Remember to insert your email below and get articles like this delivered to your mailbox.

Other helpful links are on the blog, do well to visit and read.

Source: http://topwritersden.com/improve-your-financial-condition/

lalasticlala, dominique

cool
Its time for you to improve the financial condition of your business , by getting a professional website done !
NewYear awoooof ooo to boost your business !
Get a Website,plus free hosting,plus free domain ,plus
freeee 100 copies of business card all for you at just
30k kpereee !!
Check out a site I built recently
www.hubertagro.com

lalasticlala good morning Oga mi

Nice one !

i have never owned or used an ATM card , this has really l helped me alot.

Best news today, tired of Kogi, Benue, Fulani, Buhari, APC and Nigeria wahala.

Nice one...... For your airdrop join us on Telegram @ Perfect Airdrop

I agree with u

But not on the online discount stuffs

Coz all black Friday offer here in Nigeria is a huge scam

A guy posted his bald head picture on Facebook, after
30mins he found his pic on timeline of another person and
the caption was

THIS GUY HAS CANCER, TYPE AMEN TO
SAVE HIS LIFE...

Fear Nigerians ���

avoid liabilities e.g women

Nice write up.. Very useful. Lemme goan pay myself first.

OK.

nextgoldmine@gmail.com

For those whose monies are still in Savannah bank,
LET'S GET OUT OF THIS THREAD

Eye opening thread. Kudos Op.

for inside 15,000 salary, u go enter motor,chop food,buy recharge card & other little tins,how u wan safe for dis buhari change hardship

No slay queen, no problems

Good tips. If you do not have a family yet do everything possible to do something now before you start a family. Once you begin a family, your strength to do things is cut in half.

No matter how hard i try, i just cant manage my finances lol

Im actually improving though

Remember not to skimp

STOP PAYING TITHES< FIRST FRUITS< SACRIFICIAL SHILOH SEEDS<PROPHETS SEED< ANOINTING SEED<SPECIAL OFFERINGS to the so called Daddy GOs and men of god.

Save your own money, invest in yourself, invest in your future and get yourself out of poverty

nice one!

DollarAngel:
Avoid Oloshos, work harder, pray more, have a relationship with God, pay your tithe and sow seed

After all the tithes and seed sowing for the last 30 years, where did it get us as a nation Nigeria is about to overtake India to number 1 position of the country with highest number of people living in extremes poverty. While at the same time we are producing the highest numbers of the richest pastors in the world. 3 out of 5 richest pastors in the world are from Nigeria and we have the highest number of people living in poverty

let me pray for you

MY GOD MY GOD. BLESS THIS MY BROTHER WITH COMMON SENSE, SENSE FALL ON YOU!!! IN JESUS NAME

darlenese:
Nice one !

i have never owned or used an ATM card , this has really l helped me alot.

how do you access cash

diz list is not complete without tithing and giving to dey needy

IdiAmin2:


After all the tithes and seed sowing for the last 30 years, where did it get us as a nation Nigeria is about to overtake India to number 1 position of the country with highest number of people living in extremes poverty. While at the same time we are producing the highest numbers of the richest pastors in the world. 3 out of 5 richest pastors in the world are from Nigeria and we have the highest number of people living in poverty

let me pray for you


MY GOD MY GOD. BLESS THIS MY BROTHER WITH COMMON SENSE, SENSE FALL ON YOU!!! IN JESUS NAME

You disappointed me

You will know a copy and paste article when it is using foreign currency and foreign terms like 401k.

CREDIT CARDs....avoid it like Ebola because as you dey spend, your bank dey follow u spend... Takes a lot of financial discipline though.

Just last week my account officer was busy using his sugar coated mouth ,at the end he said it is ready for pick.na him I change for am...I shouted who send una...

DollarAngel:


You disappointed me

Any intelligent rebuttal to the post you quoted?

Nice one......

BiafranBushBoy:
If you have decided to improve your financial condition this year, then this post is a must-read. Inside this post are some of the mindsets you should avoid if you want to succeed this year.

Just like most working class graduates out there, my finances aren’t perfect; but within the last few months of last year, I learnt a lot I implemented, and it worked wonders for me. Making progress on financial issues can prove to be difficult. To say “I want to be debt free” is general – as there is no starting point or call to action. Setting up your financial house isn’t impossible; you only need to start from somewhere.

These are the basic steps I took, and you can also use it to improve your financial condition as a white collar jobber man.




Pay yourself first

This basic step to improving your financial situation is to pay yourself first. It might seem a little bit odd, but it is the one convenient ways to improve your financial condition. As soon as the paycheck drops, you should take out an amount and pay yourself first, before looking out for other debts to clear. This was how the richest man in Babylon came about.

Paying yourself means taking out a portion of your income daily, weekly, or monthly, then you save or invest it. If I were you, I will choose the former as the best way to pay myself.

Several times when an investment opportunity springs up, one of the common excuses to hear is “I don’t have enough to invest.” This isn’t because you don’t have enough; it is because you didn’t pay yourself first.

Just learn to pay yourself first, and then you will be fine.

Don’t Save to Spend, Save to Invest

Nothing scares me more than when I hear someone say “I need to save to buy a new car.” No one should save his hard earned money to spend it; rather you should invest it into something reasonable, then you use the passive income and accomplish your needs.

According to Wikipedia, passive income is a cash flow received on a regular basis, which requires minimal to no effort by the recipient to maintain it.

Passive income has been the best thing since pizza. To improve your financial condition or status, you should have your eyes all opened for streams of passive incomes.

There are several ways to earn passive incomes and improve your financial condition, and a few of them are;

- Invest in an already established enterprise
- Negotiate for higher pay
- Take up side jobs/projects

You can either speak to your financial advisor or reach out to me using the comment section and I would guide you properly.

Have a Budget and a Financial Calendar

Have you ever seen the big corporations and organizations making financial plans and projections? That’s exactly how you should run your finances. The only way to improve your financial condition without any side income is to stay with or below your budget.

But what if you don’t even have a budget?

You should really learn how to draw up a budget now, keep it real with a financial calendar and then make projections.

Having a budget is one task, spending within your budget limit is one hell of another task on its own.

Read and Master Financial Numbers

It might not sound too interesting at first, but it is a crucial and basic step to improving your financial situation. I was never a finance student in college, but I am working on correcting that right now. I need to know what the banks know, so I am reading up on stocks, taxes, interest rates, and 401(k).

There is a lot to learn, so I am taking my time, and it has really helped me make better plans. This means I can now take decisions without hurting my financial condition.

Put money out of your reach

Credit cards and ATMs for those in Nigeria are one of those things that will aid you go broke before you say Jack Robinson. A simple rule is to make sure you don’t have any of them for your ‘real’ savings account.

You should also not keep a large sum of money in the house, as the urge to spend on irrelevant things will always crop up.

Learn to shop online during festive periods

Easter, Halloweens, Christmas, Black Fridays, and New Years are known for one thing “DISCOUNTS”. If what you need to get now isn’t so urgent, you can wait for a festive period to buy it at a more discounted price.

A premium theme I bought $65 is now selling for $9 just because of the New Year promotion. It was urgent then, so I have no regrets.

Start Something

The best was saved for the last. If you sincerely wish to improve your financial condition, then you need to stop running from poverty and chasing wealth. How long can you keep cutting cost just to stay afloat, when you can live the way you want by minding your own business?

No business is little as long as it generates revenue for the owner. As a working graduate, couple or single parent, all you need do is start something no matter how small. If you manage it properly, you may just live the life you dreamed of.

To improve your financial condition is not rocket science. It is all about making plans and getting down to work. You may plan all you want about improving your financial situation; but if you don’t take actions, you might just keep making movements without covering any distance.

Remember to insert your email below and get articles like this delivered to your mailbox.