Skip to main content

3 Money Tips You Should Know

By

We make financial decisions every day. But most of us are going about it the wrong way... I know I certainly have, and bad habits die haaarrrd!!

This POST was created to provide you with some valuable information to help you manage your money and other financial resources better.




  • Break the Cycle and Manage Your Debt!


That flashy new Apple watch, posh brand named purse, Louboutin shoes, and/or  luxurious vacations may appear to be a well-deserved reward for slaving on the job, but don't let it cloud your judgment. Whipping out your hard earned income for an impressive highlight reel will only cause you pain behind the scene.


Especially if you borrow to pay your way. You will face difficulty in repaying the debts and some severe penalties at the end of it all. Soon the rose will fade and all you'll have to contend with are thorns and a fading memory of it.

Wealth abundance is more than just financial well-being. It includes divine blessings and prosperity in all areas of your life—friendship, family, health, home, and so on. Ever notice how when you are broke, you start having all sorts of aches and pain in your chest and your body. You have to break the cycle of poverty and financial captivity in your life by stop living in instant gratification zone.

  • Limit Your Debt Ratio and How They Affect You


Avoid borrowing more money than you can afford to pay back, even if you think you can afford it. It may seem that you are richer than you actually are, but in reality, you are only digging your own grave to fall in. The more negative asset you have, the deeper the hole.

Avoid multiple too many creditors. It will be easier to stay afloat and make repayments when you have fewer lenders. Too many credit cards become a financial trap in the long run. Narrow it down to no more than 2; 3 if you must.

Avoid interest rate and penalty charges by paying all your bills IN FULL, on or before the due date. High-interest rate and late payment fees can create a steep hill in your financial journey.

If you are unable to pay your bills IN FULL, try to pay MORE THAN the required minimum payment. The MORE you repay every month, the QUICKER you will be debt FREE!


  • It Pays To Be Informed...

Speak to your financial institution or make a date with a personal financial advisor to discuss strategies to protect and grow your wealth. Meet someone that you admire for tea or coffee and ask them to mentor you on wealth creation.

Read books like the Richest Man In Babylon, by George S. Clason; Think and Grow Rich, by Napoleon Hill, or Girl, make your Money Grow, by Glinda Bridgeforth and Gail Perry-Mason. These books are amongst the many that will provide valuable tips and insights to enrich your life and live in real abundance!

Make friends with your money—you wouldn't abuse or throw away your friends, so treat your money like you treat your friends—safe and secure. Bagging everything on credit, overspending, and living above your income threshold can only serve to hurt you and your family; not help you.  keep your home and your life clutter free to allow good energy to flow. Organization brings clarity and clarity makes the way easier. Track your spending!

In summary, practice wise, healthy spending habits to secure a better financial future sooner rather than later. So, you say you want financial security, right? What are you willing to do differently to get there? Are you stuck doing the same things over and over? To achieve a healthy financial diet, cut the crap out and control your spending habits. Live on a budget until you can afford not to. It's a wise thing to do. Don't wait until it is too late to start practising good habits. But it's better late than never.

Until next time,
This is AggieStrong V!
Be Blessed. Be Bold. Be Strong. Be You!!
---

Andrene Gregory is a life coach with certification in LifeSkills training and Personality Dimensions. She helps empower adults to live a strength-based life, regain their confidence and find the courage to get through life's challenging situations. Her unique approach to getting desired results includes personality assessment, self-knowledge, goal setting, and action planning.

Andrene provides one-on-one coaching and group workshops. Find out more at www.aggiestrongulc.com.
Labels:

Comments

Post a Comment

Please be reasonable and respectful. Thank you.

Popular posts from this blog

Overcoming Distractions, Discouragement, and Discord

By
Life is full of light and darkness.   What matters most is what we choose to focus on and knowing what to let go of.   We've all wrestled with the demons of distractions, discouragement, and discord from time to time.   The sooner we learn to destroy them effectively, the sooner we will start walking into our destiny.   In this post, we will look at strategies to defeat these demons to ensure that they don't continue to disrupt our lives and career.   DISTRACTION : According to Google, distraction is anything that prevents us from giving our full attention to something else.   That said, distraction is not all bad. Sometimes we need to divert our attention from one thing or the other lest we become obsessive-compulsive about it—which is no good in the end. Even the scripture tells us there is a time and a season for everything. Distraction can be mental, actual, emotional, or spiritual.   It can be pleasurable or painful. It's all a matter of...
Post a Comment
Read more

MEDITATION: The how and why

By
Meditation is an ancient practice that holds the key to inner peace, self-relaxation, and personal growth. It can be your path to tranquility, clarity of thought, and the attainment of your loftiest aspirations. So, why should you meditate, and how can you harness its incredible potential? Let's delve into the art of meditation, uncovering the 'how' and 'why' behind this transformative practice. Creating Your Serene Sanctuary Before you embark on your meditation journey, it's vital to find a serene space that allows you to escape the clamour of everyday life. Whether you choose to sit or lie down, the location should exude a sense of calm. Silence, or even some gentle background music if you prefer, can set the stage for your meditation session. The Path to Relaxation As you settle into your chosen spot, take a moment to consciously relax every muscle in your body. This step is crucial, for it prepares you to embark on your meditation adventure. Gently close you...
Post a Comment
Read more

X Don't Call Me Strong, Don't Call Me Resilient! Stop The Madness

By
  Dear Black People, What I am about to say may sound controversial to some, but this is a subject that I am passionate about.  It behooves me to speak to the plentitude of posts and podcasts going against the strong Black woman and resilient narratives as stigmatizing to the Black woman in particular. I am a Black woman who considers herself strong and resilient. I teach my daughters to be strong and resilient. I teach my clients to be strong and resilient, and I am proud to say it. I will remain strong in the Lord.  I get that they are trying to decolonize certain stereotypical behaviour that continues to permeate society, but what does being strong have to do with decolonization? Our strength is like our blackness. It is what sets us apart. If Black women were not strong, there would be nothing left to decolonize—we would be extinct. My strength is in my weaknesses. So don’t apologize for calling me strong. Change degrading behaviour, and that will be enough for me. Yo...
Post a Comment
Read more