LEARN HOW TO MANAGE MONEY

LEARN HOW TO MANAGE MONEY

You have gone to school at a very young age.

You have graduated, and now have a certificate with you.

You apply for jobs, and you get one.

Wow! Its a well paying job.

Good money is flowing in.

Its time now to do dorime (partying) and spend recklessly on women, alcohol, and irrelevant family members.

You are on a high.

Well, it's ten years into your job.

No house of your own.

You are busy renting houses up and down.

And in this part of the world, if you don't own a house, you are not stable yet.

At least, thank heavens we don't pay taxes for owning houses yet.

You wander about in life, squandering every money that comes your way, and not making any good use of it.

Guess what?

With time, you either lose the source of money, or accumulate bad habits you can't recover from.

Simply because you are bad at managing money.

What does it mean to manage money?

It means to use money in such a way that the money goes into the right type of work, and into productive ends.

So when you make money, you are supposed to be able to channel that money into investments in yourself, in business, in building your own house, in owning properties, etc.

Who told you that you can be rich without owning something?

Who told you that?

Listen.

The first step to good money management is budgeting.

Yes.

You have to learn how to budget money, before the money leaves your hand.

But what does it mean to budget?

To budget is simply to plan what money you will spend, what money you will save, and what money you will invest.

It is simply about planning your money before that money leaves your hand.

And why is budget important?

Very simple.

If you don't plan your money before the money leaves you, you're going to spend that money on things that are irrelevant.

You will spend on less important things, leaving more important things unattended to.

So you must make a budget before you spend any money.

And the budget contains, how much money you're going to allocate to each thing you want to buy.

The budget also tells you how much you're going to save, and how much you're going to invest.

If you want to be able to manage money properly, start with budgeting.

What They Don’t Tell You About Cash Flow in Business

Many entrepreneurs focus on profits, but what really keeps a business alive is cash flow—and this is where many businesses fail.

Here’s what they don’t tell you about cash flow:

Profit Doesn’t Mean You Have Money – Your business may be making sales, but if customers delay payments or expenses pile up too fast, you can run out of cash and still be "profitable" on paper.

Cash Flow is More Important Than Revenue – A business earning millions can still collapse if more money is going out than coming in. Always track how money moves in and out of your business.

Your Biggest Expenses Can Kill You – Rent, salaries, and inventory can drain cash quickly. If you don’t plan well, you might find yourself struggling to pay even when business is booming.

Growth Can Lead to Cash Flow Problems – Expanding too fast can be dangerous. More sales mean more costs, and if you don’t have enough cash reserves, you can struggle to keep up.

Delayed Payments Are a Silent Killer – If customers owe you money and don’t pay on time, your cash flow suffers. Always have clear payment terms and follow up aggressively.

Cash Flow Mismanagement is Why Many Businesses Fail – It’s not always lack of customers or bad products. Poor money management is one of the top reasons businesses shut down.

Lesson: A profitable business can still fail if cash flow is not properly managed. Track your cash, cut unnecessary expenses, and plan for slow seasons.

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