5 Money Questions To ASK Each Day

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In my quest for improvement in my career and business; I have discovered the power of questioning. The Questions you are asking yourself determines how far you want to travel on the journey of life.  This applies to all areas of your life; Career, Business, Relationship, Health, Spiritual etc. When you ask empowering questions in any particular area of your life it unlocks your potentials, creativity, innovation etc.

Hence in the Winning with money series; I would like to share with you 5 empowering personal finance questions you do should to ask yourself if you desire to achieve financial independence, confidence and freedom.


Answering these questions may lead to new discoveries and enable you to make or review your money or personal finance decisions with the aim of achieving any financial set goals you have made. Answering these questions could open your eyes to know what you need to do to improve your financial life to achieve confidence, independence and freedom.

Do you have a loan or credit card debt ?       

For you to have a healthy financial life, your net worth should be in the POSITIVE i.e.  What you owe is less than what you own must be positive. If you find this skewed in the opposite direction; then it might be because of loans and credit card debt. (If you have watched my video 3 Never to Do with Money).The use of debt to fund your lifestyle should not be encouraged so STOP.  If the answer to this question is yes; the first step to do is to decide to eliminate the loans/credit to at least achieve a break even position in your net worth.

Do you have a personal budget?         

Does the word “BUDGET” send shivers to your body? If it does; you are not the only one. There is a myth on budget that it is technical term that requires some technical knowledge own to be able to have one. It is not truth. Budget is simply giving your money (every penny) an assignment. It is a managing or control tool. You simply prepare a plan for the week/month/quarter/year as you are most comfortable with, of how you spend your money. Assign every penny you earn.

How much do you know about investment?     

Are you investing? If you are not investing then, how are you multiplying your money? Answering this question will make you to realise that you need to start or continue investing to attain financial success. You can determine and afford the lifestyle you desire just by earning the income to support it.

Have thought of saving for Retirement?

That is one question that you need to take care of as early as possible in your working life. Planning for retirement is usually left to the end of many people’s work life. At this time it is challenging and the effort required would be doubled that which would have been put in if it was earlier on in your working life. Waiting till later puts so much pressure on you that may ultimately impact on your health or enthusiasm to life.

Do you have an emergency fund?

Everybody should have an emergency fund. This is an ingredient in the recipe for financial success. This is a fund set aside for the rainy day, when the unplanned or unforeseen happens and this requires spending eg when that car develops a major fault that you did not have a warning or someone in the family falls sick or dies and a funeral spending has to take place. The emergency happens to all. It is not IF but WHEN it’s going to happen. So when it happens, what do you? Who do you go to for the needed fund? Bank (for loan), Credit Card Company or family and friends that are planning their finances (hence have extra to lend you). The ancient book says the “The Borrower is the slave to the Lender”

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This is the best season of your life when you the freedom to do as you like with your money. Freedom to spend,save,invest, protect and control.

  1. Get Emergency Fund saved in an account,

  2. START Investing now  and 

  3. Have a Retirement plan and stick to it

CLICK HERE FOR THE DETAILED INFORMATION ON THE 3 MOVES FOR THE 20’S

Discover How the Wealthy Spend Smartly and Remain Rich

Discover how to spend smartly and still be reach.
HOW TO BE PRUDENT BUT NOT STINGY_

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Becoming and remaining wealthy is not just about earning so much but its actually about managing and controlling your money. The major part of managing your money is controlling your spend.

You can spend smartly living the life you desire without going broke if you know how to do it.  Most employees work 5 days and spend for 7 days every week..

Do you know the Cost of Spending?
What is it cost per hour? Weekly/7
YOU WORK/EARN 5 DAYS AND SPEND 7 DAYS .

Your earning per hour is  your  weekly earning  divided by 7 days  divided by the number of hours worked in a week. For full explanation of this watch the video in the link below.


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3 Benefits of  Pension People Miss Out On

So many employees and self-employed people do not pay attention to how their financial future will be. Can you tell me how your financial future will be like when you do not have the strength to do as much as you are doing now. People are so engrossed in the past and present while failing to pay more attention to the future; the time you might not be able to work or you attain the age of retirement. How well you have prepared for the time now determines the quality of life you live . What does the future hold for you financially? This is a question many people do not want to ask for either fear of what to discover( lack of preparedness or thoughts that the future is a far away time). For any of the reason, you have to come to terms with reality. Below I share 3 sure benefits to get from pension scheme participation. A lot of people miss out on this unfortunately.

Guaranteed More Money From Your Employer

A sure means to get a top up on your earnings/income because employers always have a percentage contribution to the scheme if you participate in the scheme. The government also encourages employers to do this, Participating or contributing to your company’s pension scheme is a sure way to get paid more from your employers. Most, if not all the scheme have the employers contribute to it based on your contribution. There is o way you can get that money from your employer if you do not participate or contribute to your company/employer’s pension scheme.

Guaranteed Tax refund from Government

All your contribution to the pension scheme is tax-free. The government refunds the tax deducted on the portion / amount you are contributing to the pension scheme. This is the way the government encourages or inspire employees to register and contribute to their companies’ pension schemes. This is a sure means of getting money from the government. E.g. if you contribute £100 to your company’s pension scheme and your income tax rate is 20 %( i.e Tax you pay on your wages/salary) ; the money that is effectively invested in the pension scheme is 120 i.e. 100 plus 20% (20) = 120 not 100 deducted from your wages/salaries.

Guaranteed Retirement Income

Contributing to your employer/company’s pension scheme is a making future plans for retirement income. More than 70% of people end up little or no plan for retirement, hence you find that when people retire they have to make a downward adjustment in lifestyle to be able to afford it. This affects the quality of their lives because little or no plan has been made for retirement. Contributing to the pension scheme is an indication that you have plan for that future hence you design that future life you want.

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