Tag: financial independence
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How to Manage Your Money Better
Getting better at managing our money is a goal we all desire. Trying to achieve it without changing our mindset is a hit-and-miss. Learning ‘how to’ do something does not automatically give you the ability to keep doing it until you get the results you desire. If what you are doing is not sustainable, you…
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Your money or your life – 2
My sincere apologies to my readers for dropping off the radar without a word of warning. I took time off to go back to where I started and take a second look at the compass to make sure I am heading in the direction I originally intended rather than going with the flow. That effort…
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Happy Independence Day and a toast to your financial independence
Today is Nigeria’s 53rd Independence Day and there are things to be grateful for and whine about, if you are so inclined. The focus of this post is your financial independence day. Have you reached it yet? Politicians are notorious for breaking promises (actually many have no clue what it takes when making the promise),…
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Achieving Financial Independence: the power of Momentum
Habits are such a powerful force. According to a quote by John Dryden – “We first make our habits, and then our habits make us.” Your habits can predict where you will end up if you keep going the way you are going. This holds true in every area of life, every goal we set…
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What is holding you back from quitting your job, fear or greed?
Many folks know deep down it is time to move on. They have had just about enough and they need to walk away from this job. They murmur and complain but keep postponing their independence day. They know crystal clear what it is they want to do with their life. They have clear goals and…
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How much money do you need to attain financial independence?
How long can you last if you lose your job today? That depends on how much you have saved and how much you need to live on monthly. Attaining financial independence is a milestone you need to plan on attaining earlier rather than later. It is a milestone that is unavoidable. You either attain it…
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Retirement planning and financial independence
The whole essence of being in charge of your finances is about getting your life back, living life on your own terms. Everything thing comes to an end sometime, including your job. That means you will be laid off sometime, guaranteed. By the time you clock 60 (or 65 in some instances – higher for…
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The high cost of financial illiteracy
Financial illiteracy is the reason most people struggle financially. They make unwise financial decisions because they do not know better. In the West, most students graduate from college with a massive debt overhang from student loans. Having huge credit card debts is the norm rather then the exception. Due to lack of financial education, folks…
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The trap of instant gratification
The inability to delay gratification is at the root of the poverty mentality. There is nothing wrong with getting nice things. Life is beautiful and ought to be enjoyed to the fullest, as we only get one shot at it. The issue is doing the right thing at the right time.
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How to Become Financially Independent
“To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence” -Jim Rohn Notice that the entire concept of Financial Independence is broken into six different categories that I have listed below.