The Publisher of Nigerian News Bloggers has called on youths to look into their Financial Recklessness and Bad Habits.
Ifeanyi Valentine, the young Publisher addressing fellow youth through the Nigeria Federation of Catholic Student Alumni Platform of the Olabisi Onabanjo University, highlighted areas that is required of every youth to work.
In his presentation, Valentine said "Personal Financial Planning (PFP) is the task of determining how an individual will afford to achieve his/her strategic goals and objectives that leads to a desired good life and comfort;
"Financial planning describes each of the activites, resources and materials that are needed to achieve our life objectives as it relates to our finances".
He said, "PHP in this context typically involves creating a personal budget, planning for expenses, setting up savings and developing a debt management or recovery plan.
Continuing, in other not to bore you, I will take you straight to what I tagged "8 Bad Money Habits"
As we carry on in our day to day activites, here are 8 financial Bad Habits that we shouldn't undermine.
* *NOT TRACKING EXPENSES:* so many of us here do not track our expenses, we can barely tell how much we've spent from Monday till right now.
Dear friends, The need for us to track our expenses is very Important, it keeps us updated of our financial status. Knowing if you are growing or not, it also help us to know if we are spending on things that are needed.
* *NOT INVESTING MONEY:* A lot of us think investing money means having a savings account with the whole bank in the world. LOL, That is not investment.
Investing is putting your money on things ( be it short term or long term) that has returns. Putting your money on things that either doubles your invested cash or increases it meaningfully.
Don't mistake this point for Ponzi, but if you must do Ponzi do it wisely.
There are lot of investment platform today you can start one.
What limits us from investing sometimes is fear, and we don't want to take risk. My dear, You just have to invest.
Take a calculated risk. Do you know why the rich get richer? They Invest.
*BLAMING PAST PROBLEM:* Yes or Yes, problem comes, "Problem no dey finish for life". you can't throw all money on problem. Calculate wisely. Bear in mind, if you had invested. When the problem comes, your all won't go, the invested money will keep bringing return. ( Contact me if you want to know of some available investment opportunities).
*NOT NEGOTIATING* : This part makes me laugh at those who are yet to climb the ladder top. They will say " _Big man no dey Prize"_ My dear they price more than you, they price drastically. The only thing they don't do is, "they don't talk much when pricing". You should learn that.
* GENERIC GOALS* : This is a general category be of goal that "may" fulfill a certain need, not specific.
Be specific in your financial goal and management. Don't be a "anyhow and anyway go" kind of person.
* NOT MAKING MORE MONEY:* My dear, there's no overdose in "legit" money making. Please keep making.
But note, I emphasized on the word "legit". Only legit Money will give you peace. Take that or leave it.
* NOT GIVING*: Some persons think when they don't give to others their money is safe, "LIE". Some of us the bad Habit don't even allow us pay offering in the Church.
Know this, A giver receives. Be a giver, not because you think you should give, but because you know it's right.
Don't wait till you have the whole world, start from Little.
* NOT PRAYING* some personal don't commit their finances to God.
Please we must correct it.
Concluding he said, in all things, give that to God, whether in riches or poverty. Thank God always and he will make the little things you do appear as big things.
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