Secrets To Financial Wellness And Wealth Creation
Financial empowerment
and wellness is what everyone desires to be on top of their finances and become
financially stable to be able to meet and cater needs that are always
ballooning.
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| A financial consultant training members during a past education day forum |
So beneficial is financial
wellness that Imarisha Sacco has over time unveiled series of educational tours
in its catchment areas through the month of March to May.
Below are some of the highlights
of training sessions in the past foras.
Plant
several financial wealth trees that
brings steady supply of income.
This way you will be
able to get income from several sources and remain a float in terms of finances.
You will also be prepared for unforeseen emergencies that can arise. The same
also will be able to cater for your needs to avoid sinking into debts that
could be disastrous to manage.
Budget
your resources well to avoid debts.
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| A member registers for education day forum |
Managing debts can be a
problem if you don’t budget your resources well. You will end up buying things
you don’t need and leave out the things you need or are important.
Save
and Invest for your future
The best way to earn money
is through saving and investing. This is the only you will pay yourself and,
meet your financial needs easily as you climb the ladder of financial independence.
Remember a penny saved is a penny earned.
Manage
your debts very well to avoid financial crisis.
Write down the debts
and loans you have borrowed and prioritize when repaying them. Start by
repaying those loans that have shorter repayment period so at to be on the save
side and avoid being blacklisted from accessing more loans.
Take
a loan after identifying a project you want to undertake.
Do not take a loan
after repaying the previous or because your friend or relative has taken. This
is way you will be able to be financially well.
