Boss Business Outlook

How to live below your means
You've most likely heard the advice to live beneath your means. This is a decent place to begin, yet it's insufficient in the event that you have to develop genuine riches. In the event that you spent 90 percent of your salary, in fact, you are living underneath. You're not overspending as in you're not spending more than you gain. Therefore, you're presumably not piling on unpaid liability and you're doing alright. The greater you can influence the gap between salary and what you spending means, your genuine spending is far beneath the measure of cash you bring home every month and the faster you'll achieve your budgetary objectives in the event that you spare and contribute the surplus from your income.

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My business made Sh. 80 in first sale, today it makes millions JamboPay CEO Danson Muchemi made Sh. 80 from his first business transaction

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6 Habits That Will Keep You Poor For The Rest Of Your Life You were born poor, but if you die poor you have yourself to blame. Before you finish reading this article, at least 8 out of 10 people will have done something

Commercial banks say more transparency in pricing of loans and improved efficiency will help weaken the case for the one year old rate controls.

FINANCIAL ADVICE OF THE WEEK
What if we saved as extravagantly as we spent? Conspicuous spending is a key reason why
many people get into debt and can’t save. The truth is, few of us can afford the lifestyles we see projected by celebrities or those we aspire to.As financial advisor, we want to instill a sense of pride in people for managing their money
well and an understanding that there is a difference between earning a high salary and
actually being wealthy. At the end of the day it’s not how much money you make but what you do with it that really counts.

Is Time Management - A Priority?

Do You Have Time?

Many people say that they do not have time. But if we analyze this statement a little more, it usually comes from people who have no written schedule. Why they have no time is just because they lack time management.

Just a bit different, we still find people who say there is no time because it seems people are busy, have a fairly neat agenda and manage it well. But they say that they do not have time either.

Having time or having no time often comes from the priorities we own.

I play because I think playing has a higher priority than other things. We can find many people who are still working while most people have slept their time away. Why? Because they have a priority. Priorities allow them to make time available.

Is your family have a priority with you? Surely there will be time for them?

Do you have time for a visit with each other, because there is certainly a priority you give to it? You have time for the investment; that means you put a priority on that.

A priority will give you time and time comes upon you because you have a priority. There was a priority, due to the time given; there was time, due to the priority it was given to.

So find out your priority first, there will be enough time for that.

HOW TO REMAIN POOR

1. Never wake up early. Keep stretching and turning in bed until you get too hungry to continue dozing. If there are no bed bugs, why hurry to get up?

2. Never plan how to spend your money. Whenever you get money, start spending it right away and when it's finished, you try to count and recall how you spent it.

3. Don't think of saving until you have real big money. How can you save when you earn so little? Those telling you to save are not sympathetic to your burning needs.

4. Don't engage in activities usually reserved for the "uneducated". How can you, a graduate, engage in petty trade, network marketing or home-based production? That's for people who never went to school!

5. Don't think of starting a business until an angel comes from heaven and gives you capital. How do they expect you to invest before you get millions? Even though more than half the businesses in your town were started with little capital, you as a smart person can only start with millions.

6. Complain about everything except your own attitude and laziness. Blame the system, the government and the banks that refused to lend you money. They are all bad and do not want you to get rich.

7. Spend more than you earn. To achieve this, buy consumer products on credit and keep borrowing from friends and employers.

8. Compete in dressing. Make sure you're wearing the latest clothes. Intimidate the congregation with your trendy fashions every Sunday. Whenever your neighbour buys a new phone, you get one that is more expensive.

9. Get yourself a nice second hand car that costs more than three times your yearly salary.

10. Give your children everything they ask for since you're such a loving parent. They should not struggle for anything because you do not want them to suffer that way, they will grow up lazy and hence poor enough to ensure they can't help you at old age

You don't need to go through a crushing financial situation in order to realise the importance of savings. Savings should start at immediate time of your first income.I think there is needs to be classes at school level to teach basics of finance and monetary system just like they teach geography and history which most students won't pursue as a career anyway. This page is about to give us the savings alternatives and how we can secure our future financially.

If you can't pay for anything in cash then you don't afford it.Remember debt and taking a loan is slavery .

Nobody is going to care more about your money than you.Plan your money well and dont forget to save money for your future. It's important to eventually get money aggressively working for you so that you can have more options.

To retire comfortably,one need a 30% savings rate at least among other things.