₦airaland Forum

Spending less by not eating out is only possible when you have the required food stuffs.

As a student with no food stuff and little income, eating out till you get enough money to get foodstuffs is preferred.
Making your meals is a better deal on the long run as you'd never eat to your fill when you eat out.

chukzyfcbb:
Robert kiyosaki says when things get tough ,
don't cut down on your standard of living, instead
think about how you can improve your income.


If you spend 1million annually on expenses
and ur income annually is 3million
If your expenses jump to 2m per annum due to inflation,
he says rather than cut down on your standard of living


Think of ways to improve your income. move from 3m to 4m or more

i was about saying that . nice one. i read his book second chance and that point struck me.still looking for rich dad and poor dad.

nice one...just that this budget you keep mentioning sef took close to 8months b4 it was signed

I don try tire kole work oo

chukzyfcbb:
Robert kiyosaki says when things get tough ,
don't cut down on your standard of living, instead
think about how you can improve your income.


If you spend 1million annually on expenses
and ur income annually is 3million
If your expenses jump to 2m per annum due to inflation,
he says rather than cut down on your standard of living


Think of ways to improve your income. move from 3m to 4m or more

Oh Robert Kiyosaki... The Rich crook poor crook that made all his fortune from book sales and selling a board game. You think it's so easy to increase your income? If it was that easy, everyone would be an entrepreneur and businesses would never fail.

ubaobi:
How can building a house amount to liability

My tought exactly.
OP, pls expantiate

Another way to reduce your cost of living,is to sack your girlfriend

12inches1:
Oh Robert Kiyosaki... The Rich crook poor crook that made all his fortune from book sales and selling a board game. You think it's so easy to increase your income? If it was that easy, everyone would be an entrepreneur and businesses would never fail.

Call him any name u like, he has inspired lots of people and changed mindsets.
I never said it was easy to create a second income, but when u begin to apply thought process on having something extra, u refuse to accept defeat.

If whenever u experience inflation eating away your income and all you do is just cut down on expenses only. You are simply accepting defeat.

Life has put you in a box and you made yourself comfortable in that box by adjusting your expenses only

You will keep adjusting it till you find yourself eating once daily.

So my friend, thinking of how to create a second income is u taking the bull by the horn.
You begin to seek investment advice and business tips so u can stay afloat rather to bow to inflationary pressures.




feel me?

That's some good sht

omobabalawo:
i was about saying that . nice one. i read his book second chance and that point struck me.still looking for rich dad and poor dad.

I think I still have the book. send me a pm

Don't buy what you want, rather buy what you need!

Very helpful tips.

Divay22:
For the bachelors get household items..
Cook your meals, stop going to restaurant or mama put

And stop buying irrelevant things, to impress people you don't know ......

My take is that the occasional eating out or take-away is not a bad thing.

A man should sometimes take his wife & kids out for dinner. Even if once in three months. A woman not having to cook one day but just enjoy with her family and be served is nice.

We are not taking money to heaven when we go someday.

AreaFada2:
My the occasional eating out or take-away is not a bad thing.

A man should sometimes take his wife & kids out for dinner. Even if once in three months. A woman not having to cook one day but just enjoy with her family and be served is nice.

Occasionally is okay, but some guys do it often,as if their lives depends on it, even if they eat a well cooked meal at home, it's not complete until they visit mama put later in the night.

razzby:
How do I reduce my cost of living? One of the most asked questions by salary earners! Although different categories of people still need help on this, which is why this piece was brought to life. Reducing your cost of living and saving for the rainy day would really go a long way! You would know what this means if you have gone broke once. Fortunately there are many ways in which you can use to reduce your cost of living. How do I reduce my cost of living? The question still remains!

As an Individual, at some point in your life, there would be a need for you to reduce your cost of living if you don’t want to go bankrupt. You might want to start saving some of cash somewhere safe. People who find it difficult to save invest their money into something profitable, that’s simply how the rich get richer. We can relate this to companies who go bankrupt after few years of operation. They go bankrupt when they are unable to control the cost of running the business. If you don’t want to have “broke” as your middle name then this article is for you. Below are the 5 secret ways to reduce your cost of living:

Get a Budget: Do you want to reduce your expenses? You have to put yourself on a budget to achieve this. You can either make it daily, weekly or monthly. Have a close watch on your finances for it will keep you financially stable. Even billionaires have experts who they pay to help them regulate their expenses and finances. You are not a billionaire, yet to think you don’t need to place yourself on a budget. How would you become a billionaire? The ball is in your court!
While creating a budget, you will have to make room for unforeseen expenses, the amount you want to save among others. You have to stick to your budget strictly!

Quit eating Out: It’s high time you stop eating out and start making your meals. This will save you lot of money. Only if you knew how much you spend on buying junks and eating out then you would have no choice than to quit. Most that can’t do without eating out are advised to reduce it buy any means possible. Taking your lunch with you to work is a good habit you have to cultivate.
Invest: You must be wondering how investing reduces your cost of living, keep reading to discover how it does. Well, you will find smart people (millionaires) investing in profitable sectors of the economy. Instead of buying exotic cars and building houses which are liabilities, you might want to invest your money into something that will give you good returns. Smart people invest their money instead of acquiring liabilities.

Reduce Shopping: Shop only when it is really necessary! Buying new clothes each time you are going for an event isn’t smart as it is a very wasteful act. You have made a budget already; unfortunately, you saw a shoe or cloth that you fell in love with at first sight. The best thing is to add it to your next budget and not dismantling your budget just because of a shoe. Many People know this but still go ahead to break the rule. Don’t exceed your budget.

Sell Unused Items: Now that you have discovered ways in which you can reduce your cost of living. You might want to sell some of your unused items that consume almost half of your monthly income. You have 3 cars, why not sell one? You don’t like to sell your stuffs, give it out to someone who needs it. There is no point in you acquiring liabilities you don’t make use of. To reduce your cost of living, you have to be in control of your expenses.

Are there any ways to reduce cost of living? Kindly use the comment box.

Source: http://www.signalsng.com/5-ways-reduce-cost-of-living/

You are blessed... Exactly what I need now

ubaobi:
How can building a house amount to liability

Are the houses generating rental income

niqqa:
don't play virtual on bet9ja

Dog race

Also join this great community and smile each month

*https://nigeria50.biz/?i=folowoseleolaleye@gmail.com

Put 2k in your savings at Skye Bank even when you try to close it when things get tough they won't let you so don't worry but you will be earning 6 naira every month they will deduct their charges but very soon e go pay well well

The other thing is to start charging for the things you were so happy to do for free people will then recognize your worth. Also you can give free advice but for the stuff that involves labor be strict

The goal is not to be dumb and rich it's to be wise and wealthy

quit the trash above their is no way u can reduce expenses...except u want to suffer death...what shall it profit a man to have savings in bank acct and he is living low life just to minimize expenses..any reasonable person cannot spend less than #1000 on feeding alone perday calculate...only if u want to die by starvation

God forbid.
I rather focus on increasing my income than reducing my cost of living.
Some people live like they'll be here forever.

Op nowadays its cheaper to eat. outside
BTW check my signature to boost your income.

chukzyfcbb:
Call him any name u like, he has inspired lots of people and changed mindsets.
I never said it was easy to create a second income, but when u begin to apply thought process on having something extra, u refuse to accept defeat.

If whenever u experience inflation eating away your income and all you do is just cut down on expenses only. You are simply accepting defeat.

Life has put you in a box and you made yourself comfortable in that box by adjusting your expenses only

You will keep adjusting it till you find yourself eating once daily.

So my friend, thinking of how to create a second income is u taking the bull by the horn.
You begin to seek investment advice and business tips so u can stay afloat rather to bow to inflationary pressures.




feel me?

If Kiyosaki knew that much, why did he go bankrupt last year?

razzby:
Quit eating Out: It’s high time you stop eating out and start making your meals. This will save you lot of money. Only if you knew how much you spend on buying junks and eating out then you would have no choice than to quit. Most that can’t do without eating out are advised to reduce it buy any means possible. Taking your lunch with you to work is a good habit you have to cultivate.
Invest: You must be wondering how investing reduces your cost of living, keep reading to discover how it does. Well, you will find smart people (millionaires) investing in profitable sectors of the economy. Instead of buying exotic cars and building houses which are liabilities, you might want to invest your money into something that will give you good returns. Smart people invest their money instead of acquiring liabilities.

Good one op. But i no gree for this one. Cos since PMB enter na to buy food sure pass. Ordinary small ogbono soup cost now na money person dey take rent house

Divay22:
For the bachelors get household items..
Cook your meals, stop going to restaurant or mama put

And stop buying irrelevant things, to impress people you don't know ......

Cardinal rules for bachelors:

1. Have just one gf

2. Enure she's not a liability in every sense

3. Periodically check if rules 1 & 2 are still valid

you make sense

Financial freedom is simply financial savvy.

chukzyfcbb:
ur house doesn't put money into your pocket, instead it takes money out of your pocket due to maintenance (painting, soak-away, etc)

To an investor, having a home is kinda a liability.
it becomes an asset when its given out on rent!

What if you put it on rent or better you pay yourself the rent?

OP, landed property is never a liability... It takes extraordinary effort on your part to make it so.

2n2k:
If Kiyosaki knew that much, why did he go bankrupt last year?

And the people said of Jesus "He saved others but he cannot save himself."

I don't agree 100% with Kiyosaki, but your argument is flawed.