Stats: 3,190,081 members, 7,939,338 topics. Date: Wednesday, 04 September 2024 at 12:08 AM |
Nairaland Forum / Nairaland / General / Business / 5 Habits That Kill Financially (32856 Views)
5 Habits that Make People Stay In Poverty For Life / 5 Habits That Make People Stay In Poverty For Life / 5 Habits That Will Kill Your Entrepreneurial Dream (2) (3) (4)
Re: 5 Habits That Kill Financially by DIKEnaWAR: 3:10pm On Feb 03, 2017 |
Nairaland |
Re: 5 Habits That Kill Financially by hahn(m): 3:16pm On Feb 03, 2017 |
fpeter: Just start from today. Start by keeping record of what you spend then by next month you will be able to project a budget 2 Likes |
Re: 5 Habits That Kill Financially by Nobody: 3:22pm On Feb 03, 2017 |
HungerBAD:Givers never lack |
Re: 5 Habits That Kill Financially by xcesswag(m): 3:38pm On Feb 03, 2017 |
drinking sef de take money o....even if na ogogoro |
Re: 5 Habits That Kill Financially by SmartyPants(m): 3:38pm On Feb 03, 2017 |
AfonjasMustDie: I was about to call him out on that as well. The secret to managing your finances is simple this: the discipline to live below your means. When you do this you will have enough to live on and save enough to invest, without acquiring debt. |
Re: 5 Habits That Kill Financially by fpeter(f): 3:44pm On Feb 03, 2017 |
hahn: Thank you so much. 1 Like 1 Share |
Re: 5 Habits That Kill Financially by MrCEO69(m): 4:08pm On Feb 03, 2017 |
HungerBAD: Do u rili know the meaning of Cheerful giver ![]() 1 Like |
Re: 5 Habits That Kill Financially by danthamccoy(m): 4:10pm On Feb 03, 2017 |
SmartyPants:Funny how you are agreeing with the OP while trying to disagree. Investing is in itself creating a different income stream. Also, simply "having the discipline to live below your means" will not uplift one financially. A bachelor earning 40k a month could very well live within his means frugally and even save a little. But then he decides to get married and realizes this discipline might not work so well with a family. 1 Like |
Re: 5 Habits That Kill Financially by Aremu01(m): 4:24pm On Feb 03, 2017 |
Stinginess |
Re: 5 Habits That Kill Financially by SmartyPants(m): 4:34pm On Feb 03, 2017 |
danthamccoy: Take your time to understand my post. I disagreed about the need for 4 income streams which seems like a rather arbitrary number, not about the need to invest! My post was crystal clear, living below means leads to having cash to invest. Is that not what i said? |
Re: 5 Habits That Kill Financially by Fredric222(m): 4:35pm On Feb 03, 2017 |
HungerBAD:#cheerfullgivers if you are not giving it cheerfully then its not according to bible principles so blessing attached. Note that |
Re: 5 Habits That Kill Financially by Olanna45(f): 4:38pm On Feb 03, 2017 |
ssolaoye:How does this work? |
Re: 5 Habits That Kill Financially by femi4: 4:55pm On Feb 03, 2017 |
HungerBAD:See misinterpretation. A cheerful giver is the one that give from the abundance He gives not because he was force to give He give from his heart 2 Likes |
Re: 5 Habits That Kill Financially by Shikena(m): 5:26pm On Feb 03, 2017 |
bjhaid:Stupid givers do lack. Give with wisdom. A lot of people with ideas that should build businesses and eventually liberate people around them never made it in life by giving stupidly. Don't give out money meant to actualize your investment ideas unless we are talking of a life and death situation. Don't let visionless people derail you by taking advantage of your generosity to fund their vanities and even end up making fun of you. When you become truly wealthy you can easily make others with vision wealthy. 4 Likes |
Re: 5 Habits That Kill Financially by Icon79(m): 5:47pm On Feb 03, 2017 |
OP, you made some good points. And I will add the following: 1. Spending more than you're making.... 2. Marrying a spendthrift - that is, marrying someone who's in the squandering/spending committee ![]() 3. Eating out every day 4. Women O pari 2 Likes |
Re: 5 Habits That Kill Financially by Nobody: 6:10pm On Feb 03, 2017 |
sexaddict08:is borrowing money to do business also bad ![]() |
Re: 5 Habits That Kill Financially by Kazrem(m): 6:53pm On Feb 03, 2017 |
AfonjasMustDie SmartyPants You are both right. But this is it. When we talk of multiple income stream most people think of physically being present but that is not it. For instance, my former boss is a civil servant (income stream 1) buy he also had 2 cars he gave for higher purchase (income stream 2), also had a fish farm (income stream 3), and one online business (income stream 4). So it is not necessary you are in physically there. That is even practically impossible. And it is easier these days to have multiple income stream because of the technological advancement. And to the case of rich men having one income stream, I disagree with you. We all know Dangote owns cement factory, has Dangote flour, spaghetti etc. Forget the popular business we see them do, they have another gig which might not be known (legal businesses o). |
Re: 5 Habits That Kill Financially by Kazrem(m): 6:55pm On Feb 03, 2017 |
baakus:Robert Kiyosaki said there is bad debt and good debt also know as leverage. If you borrow money to build house you would rent out, it is good leverage even bank will encourage you. Use money to start business, good leverage. 2 Likes |
Re: 5 Habits That Kill Financially by zoedamade(m): 7:24pm On Feb 03, 2017 |
HungerBAD: it is good to give, But one needs to have a good motive and also be wise in giving... Kazrem: HungerBAD: it is good to give, But one needs to have a good motive and also be wise in giving... |
Re: 5 Habits That Kill Financially by jmichael259(m): 7:47pm On Feb 03, 2017 |
cc: hahn Cavenchy waleadex AfonjasMustDie Some ways to have and maintain multiple income sources: 1) Having good manner of approach. Example: being careful not to use insulting or rude language just because you misunderstand someone or think they are less knowledgeable or that their information is wrong. This makes it possible to market your values without sounding offensive and you will gain a wider and loyal audience. 2) Power of concentrated forces. This is your business' ability to service a big market that covers the need for different income methods. Example: (A)You supply large quantities of your products to a company. (B) You sell the same product to "numerous" customers who quickly consume your entire stock (C) You are situated at a strategic location like in a big market prompting quick and huge sales/profit e.t.c. (3) Availability on multiple platforms. Example: A newspaper that is available on print, online and mobile app. (4) Diversification. Example: Dangote is into flour, tech, cement, agric, real estate e.t.c. Apple, Google and Microsoft are into Hardware manufacturing, Mobile and Desktop Operating system and office applications, Email services, Online storage, Internet and System Security e.t.c. 3 Likes 1 Share |
Re: 5 Habits That Kill Financially by waleadex(m): 8:22pm On Feb 03, 2017 |
Noted! jmichael259: |
Re: 5 Habits That Kill Financially by waleadex(m): 8:25pm On Feb 03, 2017 |
Honestly multiple sources of income are really working for me. I recommend the idea firmly....#smiles# |
Re: 5 Habits That Kill Financially by sexaddict08(m): 8:26pm On Feb 03, 2017 |
baakus: it is a risk worth taking if its for business but be prepared for any eventualities. the business you trust so much can still fail. its 50/50 |
Re: 5 Habits That Kill Financially by Omonigeriarere: 9:52pm On Feb 03, 2017 |
AfonjasMustDie: How I wish you can enlight me more about palm oil exportation? |
Re: 5 Habits That Kill Financially by goldennugget: 5:51am On Feb 04, 2017 |
obamabinladen: Lol....so true http://www.tinyqualityhomes.org/tiny-house-video-tour-2017-young-couples-dream-tiny-house/ 1 Like |
Re: 5 Habits That Kill Financially by nemynely(m): 8:30am On Feb 04, 2017 |
wunmi590: wot of missing satellite missing ship |
Re: 5 Habits That Kill Financially by Kobicove(m): 8:11am On Feb 06, 2017 |
AfonjasMustProsper: I concur! |
Re: 5 Habits That Kill Financially by ArcToyin(m): 5:23pm On Mar 06, 2017 |
HungerBAD:Fallacy. |
Re: 5 Habits That Kill Financially by incomeboostng: 1:49pm On Nov 01, 2018 |
nice compilation |
Re: 5 Habits That Kill Financially by jmichael259(m): 10:39am On Nov 02, 2018 |
AfonjasMustProsper: bill gates, dangote, atiku, donald trump they all have multiple income sources. THAT YOU AND YOUR UNCLE ARE SUCCEEDING NOW DOES NOT MEAN THE OP IS WRONG. Multiple income sources could mean having more than one branch, supplying to two or more clients, having a side gig or investing in diff sectors. |
Lagos Shuts Mandilas Market / Punter Backed Germany To Beat Brazil 7-1, Wins $46,000 [pix] / Stanbic IBTC Staff Dressed In Cultural Attires Ahead Of Independence Day(Photos)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 59 |