Financial Mastery and Taxes

A dream starts with a thought then it grows

If you’re interested in saving money, you should have an emergency fund. So what is it and how do you create one?
Now, this is the question many people ask? We shall look at how we can create it.

Your habits TODAY determine your life style for tomorrow

What are the main reasons for financial problems? lets talk

Is it 1.Using credit for living expenses
2. Unemployment / Underemployment
3. No budget / Lack of financial education
4. Injury / Illness
5.High living costs

If you would go back to your 20s, what would you do differently to ensure you are more successful today? This is the question we asked two entrepreneurs

Personal Finance allows you to take charge of the driver seat and gives you the freedom to reach your financial goals. It empowers you to make the most out of your income by making financially savvy decisions.

Having a solid financial plan is critical to succeeding in business, and understanding the philosophy of financial management is the key to nailing every stage of the planning process.

One of the most financialimportant elements of a successful business strategy is effective planning and management. To maximize your bottom line, it’s imperative to have a carefully crafted plan that you not only execute well on, but continually assess and adjust k to make your business grow.

Have you ever thought of trying to do something different with your finances try this 70:20:10 Budget Rule,
Seventy percent of your income will go to monthly bills and everyday spending, 20% goes to saving and investing and 10% goes to debt repayment or donation.

Without a plan, it is extremely easy to find yourself short on money because it can make it easier to overspend.

Better money management starts with spending awareness.

If you don’t know what and where you’re spending each month, there’s a good chance your personal spending habits have room for improvement.

Did you know that too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like.

Stay afraid, but do it anyway. What's important is the action. You don't have to wait to be confident. Just do it and eventually the confidence will follow

Set some goals, but stay flexible and fine-tune along the way.How many believe in this and if you do have you done so?

What are the steps in personal financial planning?
Creating a financial plan requires quite some time, but it’s worth it. Here’s a step-by-step guide:

1. Establish your personal financial planning goals

2. Prioritize your goals

3. Create a budget

There you go now we know how to.
Remember a financial plan safeguards you against life’s surprises.

If you’re looking to better understand your business finances, you must ask yourself these five questions regularly so you can make good financial decisions today and have better outcomes moving forward.
Firstly What are my financial goals?

Ever wonder why it's important for anyone to manage their business finances,well here goes reason why;The most important step for any business owner is to educate themselves. By understanding the basic skills needed to run a small business – like doing simple accounting tasks, applying for a loan or drafting financial statements – business owners can create a stable financial future and avoid failure. In addition to education, staying organized is a major component of sound money management.Well in simple terms
Managing your business finances is important for creating a stable financial future in which your company is less likely to fail.

Properly managing your finances stabilizes your company and makes your business less likely to fail.
To manage your company's finances, make sure to pay yourself, keep good credit, monitor your books and plan ahead.

If you don't learn how to get paid while you sleep, you'll work until you die