VAIDS

Wednesday, March 6, 2019

Pay Attention to Your Finances - Nimi Akinkugbe

Here are some things you can do to start making your money work for you. BUDGET When you budget, you are making your money do what you want it to. Budgeting gives you control over your money; where it has come from and where it goes. 

Do you have a budget? Download Nimi’s Budget. 


GET OUT OF DEBT Debt can be a burden and limits your choices. Just imagine what you can do with all that extra money that goes on interest expense.
Do all you can to stay in control of your debt till you are out of it. Don’t let debt control you. 

SAVE Once you have freed up all that extra cash that debt is swallowing up, save aggressively. Automate your savings to make it easier, and build a 6-month emergency fund.

INVEST You build real wealth only by investing. Build a diversified portfolio of cash, funds, bonds, stocks, property, business, both at home and abroad. Remember the goal is to enjoy passiveincome from interest, dividends, royalties, rent etc whilst we are asleep! 🛌 

What passive income are you enjoying? 

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