Tag: Financial Freedom
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Working to Pay the Bills
Most employees work to pay their bills and fulfill their financial obligations. If your 7-year-old child asks you why you always leave home before sun up and get back after sundown, the likely answer will be that you are working to pay his or her school fees. This means that if you had a choice,…
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Financial Freedom: One Day at A Time
Attaining any goal, including financial freedom involves much more than setting a goal and having a plan. To make it happen, you need to make progress on a daily basis. You need to generate and sustain momentum in the direction of your goal. You need to develop a habit in alignment with your goal. This…
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Where Did Your Ideas Go?
Hundreds, maybe thousands of thoughts and ideas float through our minds every blessed day. Once in a while, these are breakthrough ideas, that if followed through will make us stupendously rich. While we are aware of some of them, others get drowned out by the noise of everyday living. We differ in how we handle…
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Multiple Streams of Income
Most workers don’t have multiple streams of income. The salary is the only source of income. Their life revolves around their job. If the salary gets delayed for whatever reason by a few days, their finances are in crisis mode, and at the risk of a financial meltdown. They live pay cheque to pay cheque.…
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Acquire Assets and Let Your Assets Pay For Your Liabilities
In your quest for financial freedom, no matter your station in life, you have to learn to acquire assets and let your assets pay for your liabilities. In other words, your assets should bring in more cash than you spend on liabilities. To be able to practice this, you need to know the definition of…
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It Takes Courage to be You
In your quest for financial freedom, you need the courage to break away from the comfort of following the crowd to be you. If you stick with the crowd, you will get what the crowd has. Financial freedom happens at the top, a level far above where the crowd operates. To get there, you need…
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Financial Freedom: Where did my money go?
Have you ever for a moment, sit down to calculate how much money passed through your hands in the past 10 – 15 years? Well, not exactly bring out your calculator to punch out the figures, but an estimate. It is scary, how much money has passed through our hands all these years. The logical…
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Financial Freedom: Assets and Liabilities Definition For Everyday Folks
We generally think of assets as anything that has value, and a liability is something that is a burden, which we can gladly give away for free if need be. I often get into arguments with folks, when they ask why I refuse to buy what everybody is buying, and I tell them it is…
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Invest in Your Education Before You Commit Your Money
Lesson 1 from Lessons From Our Last Nigerian Stock Market Fiasco Before entering into any investment whatsoever, you have to look before you leap and conduct due diligence before you commit your funds. This is common sense, but unfortunately, it is not very common. Human beings, especially the Nigerian variety look for shortcuts to avoid…
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Financial Freedom Inspiration Reloaded
If you chase two rabbits, both will escape… When I read this proverb in “Better than Good”, the Zig Ziglar bestseller I am currently reading, I laughed so much I almost rolled on the floor. Sadly, the joke was on me… Coming up with a topic for this post has been a challenge for me.…