Financial Fitness Clinic - FFC

Day 7/30: Today’s conversation is on the rising tide of payday loans and it is a topic we can’t ignore if you want to build wealth.

A good credit relationship with your network can enable you unlock easy debt but you have to stop being badly behaved and pay back what you owe.

You can also use payday loans in periods of life and death or to unlock bigger opportunities that can increase your earning ability.

It’s easy to get but it can be a vicious cycle to break away from. Be wise.

Day 6/30: Black Tax is not your enemy. You just need to figure out how to manage it that it doesn’t drown you as you make those progressive steps towards financial freedom.

Ways you can handle the matter of black tax
- Think of yourself as a reservoir. You can’t pour from an empty cup.
- Have an allocation for it and if no requests come in a particular period, save the money.
- Have open, empathetic but firm conversations about what you can afford to give out
- Promote Self Sufficiency of your family members by paying for courses, professional certifications, support (not start) their side hustles
- Provide non-monetary support as much as you can.

You too can win financially despite the pressure of black tax.

Day 5/30: Your Money can last longer. You just need to know how. You are not the worst in planning your finances. You just need to know how to hack it easily so your income can last you the whole week/month.

Day 4/30: There is more on the table. Build your negotiation ability and reach for it. Communicating your value with confidence is one of the biggest money hacks they don’t teach in school.