Good day hive members and hive reachout community it is a privilege to see this week again and with a joy in my heart I will say thank you Lord and thank you too my folks for your prayers.
I will not forget the admin of this community for his excellent performance in helping we the newbies on how to write and to be well equipped and have a good promotion in hive through votes and other things.
Permit me to say long live our leaders of this community, to speak on the topic given for the week about financial stability is a very interesting topic that you can hardly see a person without planning will be financially stable but this topic is a reflect to my life personally and my family in person our first born of the house.
For one to be financially stable he or she must have a standard of spending because the truth there spending is essential but we have to spend wisely I will love to state some strategies that took us away from financial stability and I will also list some strategies that if we do we will be financially stable.
In my family our first born as I said earlier start working as a government staff when I was just 7 years that is the year 2001, but can you imagine he doesn't have a land till date that things are cost.
These are the strategies that he follows not to be financially stable:
smokes and drink beers, our first born drinks alot of beer to the extend some times he doesn't know the road to his house or sometimes he drink beer on credit that pass his salary they will pay him but still he is owning the bar man.
Competition: some are into competitions with there friends my friend that has money buying clothes a single trouser 15k and he will still have some change. Me that 15k is what I have in my account I will carry it and buy the trouser just for competition.
Womanising: anybody womanising can not be financially stable.
After I observe some of this things from people around me I decided to make a plan to escape financial crashes I implemented this on my self by which I think if we all of us do same we will succeed.
I create a positive budget: although I teach and I am a cafe guy at the same time despite the teaching work does not profitable payment. What I does is when the salary come I buy what is necessary like the soup, tooth paste, shoe that is not beyond my salary.
I save: out of 100% of my salary I saved 50 percent so I close by 12 from the teaching work then directly to cafe work because is my uncle shop so every day I saved 1000 from the cafe in a month I got more than my salary.
Emergency: the 50% I save from my salary is for emergency incase of supporting at home and keep for my health check up also tithe in the church also to assist my younger ones.
Excess spending: after been observed all the past I decided to work on my spending I don't go to big restaurants to eat I ate in a street restaurant and I make sure I eat ones be am very sure I will have night food, I spend money when is necessary because I have a target, i avoid expensive cloth so the ones I have I iron them and make sure I am nirt I avoid some unnecessary committee of friends. Lastly
Avoiding women: I avoid womanising no matter what it takes I don't womanise because I don't want what happen to our first born to happen to me too because I took it as a lessons for me to learn and I learned it well.
Discipline: I make sure I discipline my self through self control and what I don't want I don't buy because others are buying i buy what I will be please with it and make I make sure it glorify God.
There is this addict that said some things happen for us to be wise so me I decided to see them as lessons that will shape my life and I found joy in the life am living now because at least I do so many things on my own now sponsoring myself and so on.
If you interact well with my entry please drop comment.
Posted Using INLEO