Alidata Academy

𝐌𝐨𝐧𝐞𝐲 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭

If you know that this month you only have K2000. You will find ways to manage it until another pay day.

You discover where to buy affordable things to sustain you.

But when your income increases to K5000 and someone advices you to invest a K500 every month you reply with "the income i have is not even enough to sustain me and the family"

How come when you had K2000 you managed but now you are having issues managing a K5000?

Its because when your income increased you also increased your lifestyle. You shifted into a house that you can't really afford, you buy the latest fashion, you go out every weekend, you have subscribed to Netflix, dstv and the others.

Things that you had nothing to do with when you were surviving on K2000 now have become a need in your life.

This is why people stay in the same position even though they have a good job or business.

When your income increases do not rush to increasing your lifestyle rather increase your investments in assets and your education.

Do not rush to showing people that you are making big money. It is better for them to wonder what you do with your money while in the background you're building your wealth by buying assets that will be earning for you.

Have a wealth plan that you will be committed to every month. If you make a K5000, dedicate a K500 towards your wealth plan and live off the remaining K4,500.

Plan for your own wealth as the CEO of your life. Do not put your faith in a job your boss might fire you anytime he deems you not valuable to him. Be prepared for that.

You maybe getting lower than K5000 but you also need to make a wealth based on your income otherwise no one is coming to help.

You are your own help. You can other complain or you can strategize the energy needed is the same.

"Expect the best but be prepared for the worst"

~ The bona-fide CEO

Alidata Academy - all about practical ideas

K10,000 is deposited in your account. How would you turn it into a profitable business?

And how would your investor benefit from that business?

Respond in the comments with informed researched ideas not just wishes that you have no idea about use numbers in your explanations.

If you are an investor and your like someone's ideas and knowledge inbox them and get something going.

Let's go

Hi admin, I want to start saving but I usually have nothing left when I pay for my expenses how can I start saving?

Reply

You don't save what you left over after spending. You first save then spend the rest.

Ever heard of the saying, "pay yourself first "?

Before you can spend on anything determine a percentage that you will be saving from all your income, it can be 15% or whatever works for you.

When you receive your income, before you pay for rentals, food and everything else you get your 15% and direct it where you keep your savings.

With time this savings will grow and when it does you have to invest it.

We save generally for two things;

An emergency or to invest in an asset

Dont just save for the sake of saving you need a strong purpose for savings and that will help you to pay yourself first.

No matter how little your income, start saving something every month even if it's just a K50 every month.

That K50 saved in 8 months is K400. You can then invest that K400 into something that gives you an extra income.

You can start selling thrift clothes and many more and you can use the internet to reach your customers.

The key is in starting saving even if its little.

Alidata Academy - all about practical ideas