If you are building wealth from zero, here are 9️⃣ practical points:
1. Invest early: Take advantage of compound interest.
2. Save regularly: Start with a percentage of every paycheck.
3. Avoid high debt: Especially those with high interest rates.
4. Earning > Spending: Spend less than you earn.
5. Diversify: Spread investments across different assets.
6. Educate yourself: Understand basic finance and investing.
7. Reinvest dividends: Let your money work for you.
8. Set clear goals: Know what you are aiming for.
9. Stay consistent: Commit to long-term strategies.
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@dellwesttech
Utawala Billy Gichohi Amatsi Khumuliango Gabriel Oguda Farouk Kibet George Ruto 243,000 Kenyans #ReconstituteIEBCNow Malindi KCPE Big News KCSE Happy Sabbath
@steveaeneas
Prepare saving, investing and spending plans before you receive your salary.
~Save 10% in an MMF
~Use 50% on your needs & bills
~Spend 20% on debt repayment, wants & hobbies
~Invest 20% in sound investments for the future (stocks/ETFs, T-bills or T-bonds, SACCO, Real estate)
When money comes into your bank account, simply follow your plan. That's how you build financial discipline.
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@dellwesttech
Automate your business operations for increased profits.
Call 0723891253
Nelson Koech KCSE Happy 80th Diani Martha Karua National ID Le Pen KPSEA Machakos Sundeep Sharma Reward Program
Automate your business operations for increased profits.
Call 0723891253
Nelson Koech KCSE Happy 80th Diani Martha Karua National ID Le Pen KPSEA Machakos Sundeep Sharma Reward Program
Automate your business operations for increased profits.
Call 0723891253 for more information.
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10 important money habits to help you build wealth in 2025:
• Networking
• Developing goals
• Embracing failures
• Getting out of debt
• Paying yourself first
• Investing in yourself
• Avoiding lifestyle creep
• Investing in your well-being
• Building an emergency fund
• Having an abundance mindset
~Marriage is hard.
Divorce is hard.
~Saving money is hard.
Being broke is hard.
~Being in debt is hard.
Being financially free is hard.
~Starting a business is hard.
Working a full-time job is hard.
~Learning new skills is hard.
Staying stuck is hard.
✓ Choose your hard.
Whatever amount of money you make, throw some into cash flow investments.
Real estate, bonds, equities, crypto, dividend stocks, businesses.
Have enough to cover bills.
But you should not have money sit in an account collecting dust.
Your money should work harder for you.
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Baltasar Engonga Equitorial guinea Pennsylvania Kenyan ID Israel Vivian cheruiyot King Solomon Germany #USElection2024 body by DESIGN Vivian cheruiyot King Solomon kamala trump meru Gen Z Eastleigh