BUSINESS THIS MORNING

In this era of N400 to a dollar, this piece may bring some respite to you. However controversial, Every individual believes if he can cut down on their expenses he should be able to save more and if possible increase his level of investment. I believe there is a level of joy we all feel when we spend, when we go shopping, when we have enough and nothing to ration, when we take our families and loved ones on a vacation. There is more joy when we purchase that dream car, dream home, lovely wrist watch, shoes, and bags if you are a lady, or the money to invest in that new opportunity you have just been introduced to... Whatever it is, spending is good!How many of you feel like you earn money just to put in a pocket filled with holes? Because they don’t stay too long with you due to rising needs, rather than having to deny ourselves what we need just because we want to save and if at all it’s enough to invest. We feel we don’t earn enough or not saving enough, but one thing is certain, we have needs! And we must spend.Now don't get me wrong, I am a strong advocate of saving, rather than be a throw away generation, but what I strongly support rather than cutting your expenses is what I call the grow your income strategy!I know what you are thinking right now is that you've heard someone say your expenses would always rise to meet your income, even when you earn more your taste, choice of where to shop and live changes to meet your rising income class, so you just never have enough to save, and the rat race continues.
Let me tell you how it works, how to live in more than enough to meet your needs and still having enough to save and invest. It’s simple; don't cut your expenses, keep it the same and seek to grow your income, seek other sources of income apart from the current income you earn, create multiple streams of income for yourself by constantly looking for opportunities to make money. You can cut your expenses by:

1.Stop Buying So Much Clothes: Hey Ladies!..lo. This one is for you. There is more to life than clothes, shoes, bags etc. You really do not have to be in vogue to catch up with latest wears.Get few things that you need not want. You can decide that you change your wardrobe quarterly or maybe twice a year. 

2. Reduce Or Eliminate Consumable Habits: By consumable habits, i mean like drinking, smoking that gradually engulf all your finances. Give this habits a kick in the leg and your wallet will breathe a serious sigh of relief.

3. Move To A Less  Expensive Area: I know the traffic from Mainland to Island is hectic but please if you have to move from a five bedroom on the Island to a two bedroom on the mainland. it is worth it. Housing is one of the money draining ventures you can think of. Better still, if finances allow, start building your own house at least you know that no Landlord or Lady as the case may be is a consideration for your finances.

4. Reduce Your Cable Bill: This is especially true for DSTV. You don't have to pay full bouquet, dual view every month and you are not even at home to watch. What is the Point! There are even lesser cable options and you can still enjoy same benefit. Sometimes, it pays not to know.

Let me put it better in the words of the greatest man I know that ever lived, whose principles I would share from time to time on this page, “…Streetwise people are smarter in this regard than law-abiding citizens. They are on constant alert, looking for angles, surviving by their wits. I want you to be smart in the same way –but for what is right- using every adversity to stimulate you to creative survival, to concentrate your attention on the bare essentials, so you’ll live, really live and not complacently just get by…”(Luke 16:8-9 Message Translation)
Whatever you do with the income you earn, seek first to grow your income, cultivate an habit of maintaining the same level of expenses each month and you will see yourself living in more than enough!

#LETUSSAVENIGERIA