Personal financial tips: #club5050// Be the CEO of your personal finance// #club100

asibi (58)50 SP DELEGATORin Steem Ghana • 2 years ago

Hello buddies,

Happy to come your way once again with some wonderful personal financial tips 😉. Hope you are find and also making more money🤑. In my previous post, I tried motivating and encouraging us to escape the "rat race" cycle and maybe this is your first time coming across this phrase, it means the unpleasant and endless routine of going to job and coming home always only to receive periodic pay cheques. It makes us spend 90% of our entire life working and not receiving the commensurate reward.

Inorder to escape this rat race cycle, today I want to share with you some personal financial tips that would be of great help to achieving personal financial independence. I called it the CEO of personal finance, it is term to guide and teach us some principles to growing or increasing our finance. The meaning of the abbreviation is not the traditional meaning you know, but it stands as follows;

C = Cut cost
E = Earn more
O = Optimize

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Cut down cost or reduce any unnecessary expenditure, those who are financial independent, I mean the rich folks do not go out enjoying and parting with their working capital, they don't buy expensive jewelry, cars, clothes or food with their working capital!!!. Because no working capital, no income or extra income, but they patiently safe, invest and wait for profit to start flowing in before they think of all these fancy lifestyle. What am trying to put across is that, cut down the cost of acquiring things which are not of urgent to you, stop spending your working capital to look expensive and rich, rather leave a simple life and allow your investment to start making profit for you to start eating those so called wonderful delicacies 😊.

Earn more by cutting down the unwanted spending, it is good to enjoy but don't do it to the detriment of your financial future. You earn more from your residual incomes made from judiciously redirecting your little income in to good investment.

Finally, optimize on every window of opportunity given. Make the best use of the little extra money in your hand, the value of money decreases every minute, the value of 10 Ghana cedis today, will not worth the same value tomorrow, it will decrease in value, so to optimize on your personal extra money, try putting it into any credible saving wallet to get interest on it.

When we start doing these things, we start to build the sense of managing and growing our financial life. It starts from here, when we learn the simple things, we discipline our mine set towards weaIth creation and certainly, we are on our way to financial freedom!!!.

#club5050