8 Secrets To Master If You Always Want To Have Money In 2011

8 Secrets To Master If You Always Want To Have Money In 2011

8 Secrets To  Master If You Always Want  To Have  Money In 2011

As I teach financial intelligence within and outside nigeria, I have come to realise that 99% of most peoples problem  are money related. And, it appears that if money problem is removed from your  problem, 90% of your problems are over, but deity will answer 90% to your prayers for money by your job  and work . I have also  found out that men worry poverty more than death. Hence one secret is that your financial success in life is greatly determined by your habit. The  habit you establish early in life can have very positive impact on your  finances. Ten percent of life is made up of what happens to you,90%of life is chose by how  you react.and, we  have no   control over 10% of what happens to us in life.

When people  are broke, two  problem happen: they reckon about their lack of money and they also lack money.

Do you know? If not,read again and again. Therefore, what are the principles of never going broke. Below is programmed what you must know .

But,before I go into that,the  following are cryptogram that you will soon be broke, so fight against them.

Cryptogram That You Will Soon Be Broke  And  Be In Need Of Money

If you want to be very broke,poor and die in poverty, the following are things you should do. Relax as you perform these activities and you ll wake up poorer than a mosque and church rat,in detail church rats are now getting richer because of foodstuff in the church.

1.      Spend more money than you make. If you make #14,000 in a month and spend above  that  by borrowing or dipping into your savings,this is a strong sign that debt is knocing at your door.

2.      Spending  money you don’t have by using credit cards an talking out loans. Credit cards give a fake impression of security;you end up thinking you have what you don’t really have.

3.      Using credit cards for ordinary buys. This is very common in the united kingdom and the united states. The economic meltdown experienced in these countries today is a reflection from such indulgences. place on’t bring it to Nigeria.

4.      Using debt to pay off debt.robbing peter to pay paul does not exonerate you from criminal charges. By shifting from one market leader to the other, you perpetuate a borrowing habit.

5.      Mixing your needs and wants. People are in need because they don’t know what they need.do not allow the demands of your wants to pressurize you. Mixing your needs and wants will  mixsome sweet poverty  into your life.

6.      The lack of control over impulse buying. Offhand buying is buying anything  at initially sight because it is excellent to the eye. This will principal you deeper into debt. How many offhand gifts have you received from strangers? Why give up your hard earned money without proper significance of people who are out to make people into this category; going for your money, especially when you do minimal thinking?

7.      Buying things to show off or impress.most men do this to woo woman so that it makes it simple  for the woman to like them. This is otherwise called ego spending.this terrible habit has dug the grave  of bankruptcy for many people.a wise miss ego (ibo slang for money) will run from ego spenders. His future is not so bright after all.

8.      Obeying the parksons law, which state that expenses rise with income.if your expenses rise as your income, then you might soon be in debt.extravagant indulgences are the underlying potential of this law. Emancipated your self

9.      Not making enough findings about chaper and better services or excellent before buys can principal to buying expensive and and less quality excellent or services. If ti takes you 24 hours to make #1,000, then it should take you at smallest amount 12hours before you spend it. This this is financial intelligence. Essentially, reckon before you spend, analyse before you buy.

10.  Allowing people compel you to spend the money you don’t have or don’t want to spend it anyhow.

11.  Living without a financial budget. If you fail to plot you have intended to fail. A financial budget is like a debt-immune system. once a virus of spending shows up, the infuriate attack it. A disciplined person thus remains healthy.

12.  Dishonesty in all your finalcial affairs. Fleeting cut can fleeting circuit your progress especially if it is a incorrect cut. its better to the long route and reach home late than sleeping in a bush because you negotiated a incorrect fleeting

13.  Lack of finalcial goal. If you don’t have a goal, pursue it,scpre the goal, and achieve it. The subsidy will be yours, so do it now

14.  Lack of financial intelligence always leads to finalcial disgrace. If you are not ashamed to beg on the street, please pray against finalcial intelligence defiency. It’s a sure bet.

15.  Poor savings habit. If you spend all you earn, then you can never be wealthy in life. If you eat all your gain, you will never have enough for end days.

16.  Decreasing skill to save. If your salary or income increases, your savings should boost. Your savings should boost. Most  economic or financial decline leads to a meltdown.if your finanacial backbone i.e savings is in a decline, you are already melting.

17.  Expecting luck to bring a huge sum of money across your way, either through lottery or other means are not designed  to make money for you, but their owners; they are designed to enrich the owners at the expense of gullible seekers.

18.  Cultivating a poor mans mindset  which believes that your income is insufficient and the only means of survival is by borrowing. Poor thinking inadvertently yields poor products.

19.  Refusing to invest in properties, stocks or even initiation a business. These are the only financial income generators available. Even with a paid employment,to become wealth, you need at smallest amount one of these income generators

20.  Moving with people of shallow minds who believe debt is a way of life.birds of a feather look  alike! Go with the shallow  and remain shallow. Rather, go out to the deep where you can encounter new horizons.

21.  Failure  to  plot for your retirement. Retirement does not means you are tired of wealth. You  can make  more money for generator after you. If society says you are too ancient for impact, make your mark by intellectual prowessand and not physical strength. Retirement is not death, so why you live make plans for these years.

22.  Believing that everybody is a debtor because you reckon so, giving yourself a license to also be a debtor. Man believe what is acceptable to him. Reckon debt believe debt delight in debt and be master all debitors.

23.  Going into debt because people own you. No excuse is tenable for debt.

Steps To Follow To Always Have Money

1.      Live modestly,simply and within your income

Live within your means. Do not always  want to have money. Cut your coat accoprding to your cloth, not your size  because your size may be larger than your cloth. Money is to be used for three things; one, on necessity, two,on investment and three, on savings. Money is not to  be spent. Money is not a touch for the   propdigal but for the frugal. And self-control has its reward; live modestly. It is the sign of personal financial recession when you cannot live within your income.

2. Keep To A Budget

Many people spend money before they make their budget. This is one of the quick roads to poverty. As the websters and other young couples we interviewed found ,financial discipline is essential. Ensuring your money will last your lifetime starts with knowing how to make your Salary before the month starts  simply because there is no budget.

Toward that goal, initiation a valuable spending plot or budget. At its simplest, a budget invoves splitting your  expenses into have- tos  and want-tos, and paying the have-tos initially. Initiation with tracking your spending for a link of months. You can use emancipated-budgeting applications on websites such as mint and google docs, or a pencil,paper, and a calculator. Setting some fleeting-and long –term spending goals may make it simpler to stick to your plot. Include payments  into  an emergency fund until you have at smallest amount enough for six months of household expenses set up your sleeve. If you want to always  have money, then make sure you have a budget. Track your expenses. The greatest thing that leads to debt is untracked spending. Now, divide your debts inton two parts: urgent and valuable, and list out everything. The debts that could cause misery if payment is delayed should be termed urgent while the others should be termed valuable. In fleeting, sort out your debit in order of priorities as against your assets and income.this is the section where you look back and prepare to reverse the situation. keep a excellent view of the road which has led here.

3. Initiation Saving Early

crying may endure more than a night without savings. What you save will save you and what keep will keep you. Saving is the initially step in the temple of wealth. Do you know that when you save N10,000 once every month for 25 years at 35% you will have nothing less than 18 million? If you save N15,000 monthly for a year at 20% for 20 years in compound interest it will give you nothing less than N28 million. when would you wake up to initiation saving? You do not need lofty money to start saving: all you need is that small by saving. If you do not want to go broke in 2011, you need to always save a small section of all your income.

Learn what you need to learn there are three areas when the law of accumulation is valuable. the initially is in  the area of knowledge. Your deceased of knowledge is a upshot of hundreds, I don’t know  thousands, of small pieces of information.

Any person with a large  knowledge base has spent thousands of hours building that knowledge base one piece at a time. And what you see  when you meet the individual is an expert in his or her field, with that high level of knowledge that makes him very valueable in the market

4. Save Your Money

The second area where the law of accumulation work is with regard to money. Every large fortune is an accumulation of hundreds and thousands of small amounts of money; and start to save it.sets up a force field of energy and triggers the law of attraction. as a upshot, you start to attract to you even more bits of money to add to your savings.

5. Diversify Your Worth

Having a variety of investments stocks, insurance products,bonds, and real estate, among others. For the averge investor, whose saving is mainly in an  employer-sponsored retirement plot, diversification means diffusion that money among a broad mix of mutual fund,insurance, real estate,stocks and bonds. This will make different incomes at different times doable.if you do not want to be broke, then diversify in different areas of in come.

6. Develop Delayed Gratification Attitude

Delayed gratification is when you choose to postpone what you are supposed to delight in till a letter date. Each time you are able to do this, you have money always. Many people rather to delight in  everything now; meanwhile, you cannot delight in everything at once so, practice delayed gratification.one of the major characteristics of most people is that they cannot delay any enjoyment and that will; always make them spend the money in their hands and make them to be broke always.

7.      Study Your Sources Of Income, Boost Them And Make Them Debt-Emancipated.

Investigate shows that you  need at smallest amount four sources of income to attain financial independence. Concentrate on the 20% that bring 80% of your income. Boost the speed by concentrating on your strength; the rest is about accelerating your way out of debt. Therefore, boost your sources of income financial accumulation is independent of infusion. Multiple streams of income fill the bank quicker than a single over –drained source.

Make your lifestyle one that  is debt emancipated practice leads to perfection;so learn to be content with what you have more does not necessarily make you better , but heavier. A simple lifestyle always pays off.

8. Control Emergency Fund

You can do the above by following the injunction that,prevention is better than cure ,  in everything you do. Prevention is better than  cure is the preeminent approach to everything you do if you do not want to be broke in 2011. Any time you follow the prevention is better than cure principle,  you will  not have to look for emergency fund. Avoid spending money if  you can avoid it; you can avoid your cot on bank transactions and reduce your phone bills.

Till I come your way again, this is sanmi akindipe saying, remain financially intelligent.

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