An Idea To Better Manage Your Income

Your expenditure will always level up with your income most times and this happens to me many times. Therefore learning how to manage your income is essential. Below are some suggested Ideas.

  To solve this problem, try using the  management knowledge on how to spend your money.  A 10% : 10%: 20% : 60% income expending is Recommended.

  DESCRIPTION

it is explained as follows, Pay yourself a salary. 10% of your income should be given to yourself as compensation for your labour.

 
Have a reserve. Keep 20% of your income in case of any emergency or urgent need. Then another 10%. Try as much as possible not to touch the money saved but you can invest it in a profitable venture.

You can also try investing it in order to multiply it. Try as much as possible to spend only 60% of your income. Don’t let your expenditure level up with your income.

By Following this simple principle, you will realize that within a short period of time, your asset column will have been greatly enriched and your liabilities will be put in check. 

Once your income is more than expenditure, wealth will be created and you are on your way to greatness (riches).

This principle requires great financial discipline. Discipline yourself to use it and you will change your financial status in the shortest time possible.

In the success system, success is seen as an entity or a body, around which human beings are located at different points depending on their ability to draw close to it.

 If you have the right attitude to attract it, you will be attracted to it and if you have the wrong attitude to attract it you will be repelled by it. Success has it fields that I call the success field. It reaches all beings on earth. The field is affected by distance. 

The closer you are to it the more you feel its fields and farther you are to it the lower the field is felt. Your desire to succeed will always be divided by your actions in achieving the goals set to attain success.

Thus, in all situations of success. It's assumed that if a man truly desire success, he desires it on a 100 points score, only the action taken in achieving the desired success varies.

Successful men and women in the world history are found to be great entrepreneurs.

An entrepreneur is a person who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods.

An entrepreneur An entrepreneur can also be said to be someone who organizes, manage and assumes the risks of a business or enterprise.

Have a Wonderful Day.