Old but gold.
Excerpts from our founder, do you know the quality of your relationships also contributes to your finances?
You might want to start reviewing your relationships.
Your life is a collection of relationships you have built over time and relationships are a reflection of values we hold in high esteem and also an expression of our core personalities....this has a lot to say about our financial needs and demands...1/3
1. Track monthly spending — know where money goes
2. Save smart — use high-yield accounts, not regular savings
3. Lifestyle check — avoid “lifestyle creep�� when salary increases
4. Invest early — start small with stocks/assets, compound over time
4. Protect what you have by looking for a good insurance company you can trust and setup.
5. Buy back your future by investing in stocks when interest rates are low and leverage on compounding your investments.
1. Monitor your cash flow
Monitor your income flow and spendings, learn to automate your savings.
2. Create an emergency buffer. Set aside 3-6 months of savings and place it in a high yield account.
3. Eradicate high interest debts
Keep it as low as 7% if you must borrow
It's Friday again! How secure are you about your finances? Setting the right systems in place is a good way to start building your financial independence.
How long did it take you to see the key word “security”
#tgif#financememes#finivasng#memefriday#financialsecurity
Financial security is attaining financial stability as an indivdual without the worries of debts or fear of financial crises.
It is a state of being able to cover daily expenses…
….maintain debts level to be as low as possible, have assests and investments, and have an emergency fund set aside in the case of a financial crises.
In an economy such as ours, attaining financial security is of outmost importance.
We’ve been sharing quite a lot of information on investments for more than a week now, why do you think most people still fall for investment scams?
#wealthtalk#finivasng#FinancialLiteracy#finivased
..growth
5. There should be a functioning customer care line or an official company Email.
If you are considering starting your investment journey this year, ensure to follow us for more tips.
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Here are 5 tips to consider before you use that investment app;
1. Ensure the app or agency is registered under the appropriate registration body
2. You should be assigned a CHN number (an identification number given to you by the broker, in this case the app/agency) once…
you are registered on the app and a CSCS number (like an account number) once you make your first investment.
3. Reasonable intrest rates, best in 2 figures depending on the type of investment you have made.
4. User friendly app, that allows you to easily track investment..