X Personal Finance

[text] When money hits your bank account, simply follow your plan. That's how you build financial discipline. ✓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

[text] Use your 20's to sharpen your craft. Your 30's are a great wealth building decade. When you think of each shilling invested as buying more freedom and flexibility in your 40's and 50's, and NOT a sacrifice of leisure and finer materialism, the path to building true wealth begins.

[text] #FinanceFriday Jumpstart your asset portfolio and improve your cash inflows: 1. Avoid unnecessary lifestyle inflation. Buy assets instead. 2. Improve your cash inflows by making 20%+ more every year. 3. Save/invest at least 20% of your income. Pay yourself first. 4. Invest

[text] Making money is action: create value, execute. Keeping money is discipline: live below your means, protect capital. Growing money is knowledge: understand assets, let compounding work.

[text] If you cannot pay it quickly, you hardly afford it. If you cannot buy it twice, you hardly afford it. If you hardly afford it, you should think twice about buying it. If you are going to borrow money, it better be for something that makes more money or grows in value, or both.

[text] Your salary is your most valuable tool for accumulating wealth. Gain experience, get a promotion, get salary hike, and invest more in cash flow assets like bonds, stocks, MMF, REITs, etc. Use your job to create a side hustle, which will create sustainable financial stability.