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THREE THINGS YOU CAN DO WITH THAT MONEY

1 WASTE IT One of the things people do with money is to waste it, and this is what foolish people do. They spend all they have riotously an...

Saturday, 15 September 2018

Phocusng

DETERMINE YOUR DESTINATION

If you don't know where you are going to, you won't when you get there. If there is no finishing line, you won't know when you finish. If there is no goal post, you won't know when you score a goal.

Determining your destination before commencing a journey is the normal thing for every sane person to do. Can you imagine someone leaving homes on a journey without any fixed destination in mind? Well,  I can imagine it, because I have seen it happen many times in people's lives. Many leave their lives to chance without any vision or focus.
"Whatever will be, will be" is the deceptive philosophy of this set of people. Since you have ascertained your location and know where you stand, the next thing should be to determine your destination.
*When do you want to gain financial freedom?
*How old do you want to be when this happens?
*How rich and comfortable do you want to be when this happens?

These and many issues need to be considered at this point. If you have ascertained your location and determined your destination, then you are set for the final step in financial planning.
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Phocusng

THREE THINGS YOU CAN DO WITH THAT MONEY

1 WASTE IT
One of the things people do with money is to waste it, and this is what foolish people do. They spend all they have riotously and labour continually without having any result to show for it because all they make is wasted on liabilities and consumables.They seem to be under a spell that manipulates them to waste money by acquiring what they don't need or want by impulse.Most impulse purchases are motivated by wasteful tendencies

2 SPEND IT
The second thing people do with money is to spend it. This is what average people do all over the world. They make money, spend it all on the bills, and liabilities and start looking for money again. It's called the rat race, it is an evil cycle that keeps people locked in. Due to this poverty cycle and rat race, many people have no savings and no investment in place. They have "sincerely wrong " excuses for not being able to save or invest.

3 INVEST IT
The third thing you can do with money is what only few people do with it. Many waste money, many more spend money but only few invest money. Many people find it very difficult to develop investment mentality and practice wealth creation principles because they don't how to relate with the factors that affect the kind of mentality they have, and also affects the mentality that rules them at all times.
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