More introspective post than I usually write (feel free to move on)
I’ve been thinking a lot about business, family, and the future
Mostly I’ve been thinking about how I can set up myself for the future (whether that be 5, 10, or 50 years from now)
I’ve come to the realization that money does make life easier
It removes a lot of obstacles and gives you optionality
At the same time, it doesn’t fix the deep things people struggle with. It can actually surface a lot as you make more of it.
One thing it can’t buy is time.
To that point I am optimizing my life for:
1. The ability to serve my family on a daily basis outside of simply providing for them financially
2. A daily rhythm that allows for creativity and flow in my business and passions
3. Making money in a way to serve my family and community
4. Continuing to pursue knowledge and a better understanding of how to serve others
When I first started the pursuit of quitting my 9-5, money was the finish line.
Now it’s just a checkpoint
I’ll finish with one of my favorite quotes:
“Success, like happiness, cannot be pursued; it must ensue.” - Viktor E. Frankl
you see that habit of coming home at night to jam-pack your Solah (Zuhr and Asr together), please stop it. It’s a really terrible habit.
What happened to taking just 5–10 mins out of your time at work to observe your Solah at its fixed time? That is far better for you.
You scared to apply for that job because you think you’re not qualified enough. But you’re toasting a girl above your league in the DMs thinking you got a shot.
You have misplaced Audacity.
2010 babies are in committed relationships?? 😭 Please who is advising them? Somebody needs to gather them in a room and shout "THERE IS A LOT AHEAD OF YOU OOO!"
Eeii, at 14/16 years old? Standard 6 algebra never finish, you’re already crying over text messages.
We talk about how to make money and get clients as freelancers but rarely talk about how to manage them; let me fill that gap by giving you my practical steps..
Stay with me…
Most young entrepreneurs are not broke because they earn little.
They are broke because every payment lands in one account and gets spent like it is all theirs. It is not.
🔺The money that enters your account is not your salary. It is your business revenue. Big difference.
Here is the practical split. Every time a client pays you, break it before you spend a naira:
1. Tax, Charges or Tithe: 10%. Set it aside immediately. This is not your money and it was never your money. - For me as a Christian this is tithe
2. Business reinvestment: 20%. Tools, Gadgets, software, ads, learning, better equipment. This is what makes the next payment bigger.
3. Savings and emergency buffer: 20%. This covers the dry times so you never take a bad client out of desperation.
4. Your actual pay: 50%. This is what you live on. Only this. Rent, food, life, charity etc. The other half is doing quiet work in the background.
Depending on how complex you earn,
Then two rules that hold it together:
Pay yourself a fixed monthly salary from that 50%, even in fat months. When 300k comes in, you don’t suddenly live like a 300k month. You pay yourself the same steady figure and let the surplus build.
Keep business money and personal money in separate accounts. The day you can see your business as its own thing, you start treating it like a real one.
For me I have like 4 separate accounts per task and money source.
🔺A freelancer who manages 1Million well will always beat one who earns multiple and spends blindly.
And it starts before the money even lands: manage the client well, communicate clearly, deliver, set boundaries cause a well-managed client pays fully, pays again, and refers you.
The clients and the income mean nothing if the money leaks the moment it lands. Earning is skill. Keeping is discipline. [Sha read twice]
Okay okay…. your welcome
@mandydesignsng This is a solid reminder that revenue and personal income are not the same thing. Separating money for reinvestment and emergencies can make a big difference, especially for freelancers and small business owners. The exact percentages may vary depending on each person's situation