STAGES OF YOUR MONEY JOURNEY

Our money journey is complex. We all know that money is essential in life. But do you know there are various stages of the money journey?

1. Earning Money: The first part of the journey is the actual earning of money. At this stage, you focus on building a career and learning where your sources of income will be, then making sure you’re putting it in the right places.
2. Saving Money: It is fundamental to spend less than we make. To do this, we must understand our financial gap and work on increasing it. Save at least 10 to 20 percent of your income or salary consistently for a few years.
3. Managing Money: This is far and away the most challenging phase of financial life. Many have fallen into the trap of poor management and found themselves in an endless cycle of financial trouble. But by managing money smartly, you can stay out of fiscal limbo and in control of what you earn.
4. Invest Better: If you spend less and make more money, you will have plenty to invest. If you know how to invest, you will never be broke. And ultimately, you will have total control over money.
5. Giving it Away:The Universe thrives through dynamic exchange. The more you give, the more you receive. Wealth arises when you freely and wholeheartedly give in favour of others. The gift doesn’t necessarily have to be money or something materialistic. It’s the sentiment that matters, it could be a flower or a compliment given with heart.

Thankfully, you’re not alone as you try to overcome these challenges. Begin this process as soon as possible so you’re able to successfully navigate the stages of financial life. Reach out to us to know how!