A man and his money - A memoir II.
In your early days of stacking your coins, the goal is simple: Have more than you show.
The things you buy to impress the people that you don't even like will upset your financial building blocks - always remember that "nobody cares".
In your early days of stacking your coins, the goal is simple: Have more than you show.
The things you buy to impress the people that you don't even like will upset your financial building blocks - always remember that "nobody cares".
When I make certain threads around finances, it upsets some people - I get it. Most of you have never had any need to lack since you first breathe air.
You have lifelines that enable you to mess up & start afresh as many times as possible. We do not blame you for that -
You have lifelines that enable you to mess up & start afresh as many times as possible. We do not blame you for that -
Then, there's us. Us whom nothing was handed over to - Us who have labored for every kobo since we started lacing pubic hairs.
Us who have been sat through all the semesters of poverty - and managed to escape by sheer grit, unperturbed drive for excellence & resilience.
Us who have been sat through all the semesters of poverty - and managed to escape by sheer grit, unperturbed drive for excellence & resilience.
To escape leaves you with a resolve - nothing is ever taking you back there.
And that's why I write the way I write when it comes to finance - those who get it, get it.
A man that doesn't know how to name every penny he earns is doomed. Every penny has a name.
And that's why I write the way I write when it comes to finance - those who get it, get it.
A man that doesn't know how to name every penny he earns is doomed. Every penny has a name.
The rent money, the groceries money, the black tax money - if it is nameless, then it is for savings. When savings accumulate, then you can plan investments
Naming your money is what some people call budgeting - make it a rule that whatever doesn't make the budget isn't spent on
Naming your money is what some people call budgeting - make it a rule that whatever doesn't make the budget isn't spent on
As a man, you must understand cash flow. Incoming money minus outgoing money. The result MUST always be a positive number.
You must have a system that tracks every kobo - an app, spreadsheet, a journal. Something that works for you.
See how your money moves on a screen.
You must have a system that tracks every kobo - an app, spreadsheet, a journal. Something that works for you.
See how your money moves on a screen.
I used to be naive when I thought debts were bad but living elsewhere has opened my eyes.
There is wisdom in leveraging other people's money. Good debt.
Debt helps you beat inflation - debt helps you buy assets without using cash.
If you don't have to pay cash, don't.
There is wisdom in leveraging other people's money. Good debt.
Debt helps you beat inflation - debt helps you buy assets without using cash.
If you don't have to pay cash, don't.
Financial discipline is a behavioral shift - it is an acquired skill. You learn it over time & that's why you have to start from tweaking your money habits.
Before I became skilled, one hack I tried was - I never leave my house with my debit cards.
Before I became skilled, one hack I tried was - I never leave my house with my debit cards.
Going shopping? Go with enveloped cash.
Groceries? Enveloped cash.
Office runs? Enveloped cash.
The "swipe & pay" cashless system is a financial leak.
Remember what I mentioned in tweet 4 & 5. Every penny you own has a name.
Groceries? Enveloped cash.
Office runs? Enveloped cash.
The "swipe & pay" cashless system is a financial leak.
Remember what I mentioned in tweet 4 & 5. Every penny you own has a name.
Continuously skill up.
This is the very hack that turned my life around. I learnt early the ability "to learn anything" then milking value for money.
As a man, the strength of your skill set is your commensurate value set.
If you already have a field, skill up.
This is the very hack that turned my life around. I learnt early the ability "to learn anything" then milking value for money.
As a man, the strength of your skill set is your commensurate value set.
If you already have a field, skill up.
The real back to financial stability is multiple income streams.
If there are more ways that money comes in than it goes out, you can maintain decent cashflow.
It all starts with your skillset. What you know and what you can do. This is how you stay afloat the value chain.
If there are more ways that money comes in than it goes out, you can maintain decent cashflow.
It all starts with your skillset. What you know and what you can do. This is how you stay afloat the value chain.
A day will come when you'll not have to account for every kobo but in your early days, financial discipline is a must-have because in the maternal wisdom of my mother:
"Before a young man rests his back, he must first learn how to sit well"
Good evening.
"Before a young man rests his back, he must first learn how to sit well"
Good evening.
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