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MONEY AND FINANCES

HOW TO SAVE MONEY AS A BEGINNER

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I should be struck with lightning for writing this. But then students make good teachers right?

Howdy friend , new here? welcome to Twentiesco blog , not new? welcome back its good to have you here again. So i was truly impressed with one of my friend who would collect each and every one of her receipts to monitor her expenditure . Still yet not everything we buy comes with  a receipt.

Any ways so it got me thinking . I dont have much coming into my pockets but it would probably be wise to use that as a practice session . That’s the whole point right?

So i have these two things i have learned about managing your expenses

  1. The 50 30 20 rule. Once you’re bringing home the bacon, you’ll have to figure out how to slice it up. Without a budget, you risk overspending on discretionary items and under saving for important big-ticket purchases. so turns out you you can divide whst you have into 50 30 and 20 percents . The fifty is four your basic needs , the 30 is for wants and the 20 is for saving. Sounds doable? Let me know in the comments below . I cannot explain how happy i am that i can finally intergrate with my readers via comments
  2. Your expenses should never be greater than your income.  Its either with craft or debt but mostly debt. So  it is great to make a two column table and on one column list all the sources of income and exactly how much they bring you and on the second column list all your expenses in the following order please !First, lay out all your daily expenses (such as transport costs and food bills) and recurring monthly payments (rent, utilities, debts), and finally your entertainment cost. When you know where all your money is going, you can more easily see how to cut costs. and when you minus the second column total from the first it should be a positive answer. unless you have a debt for a worthy investment.

I think you should read this post too..

Buying assets in your twenties

I have heard of apps like toshl and mint which track your spending but have never tried them . What method do use to track your spending ? I can’t wait to hear about that in the comments below.

This post hopefully shade some light , Thank you for reading , stay around and check more posts , let me know what am i missing here . Lastly , Twentiesco is for every twenty something out there spread the words by sharing this post with your fellow twenties and media groups. Out of things to talk about , tell some one about Twentiesco.
Have  a splendid week ahead . BE PRODUCTIVE . bE YoU .

SAYONARA

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4 Comments

4 Comments

  1. Chally_361

    February 21, 2017 at 12:05 pm

    Awesome! I think I have found new me from your post.

  2. francisjeremiah

    February 21, 2017 at 12:15 pm

    Thanks herie..you brighen my day.
    ~Robert Kiyosakii was once wrote..
    “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”

  3. Moses barnaba

    April 17, 2017 at 4:39 pm

    very useful especially for our age in order to reach where we expect @thanx herieth

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ASK TWENTIES

HOW TO APPLY FOR OPPORTUNITIES AND ACTUALLY GET THEM

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If you are one amazing twenti who seeks out opportunities to learn or seek support for something you do , at some point you have to prove your worthiness of what you are applying or contesting for.

(more…)

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MONEY AND FINANCES

MENTOR ALERT

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strive masiyiwa book
She is here! It’s her, and she is sitting waiting for you in our board room!” said my PA, barely able to contain herself with excitement. “Who?!” I asked. “She told me not to tell you, because it’s a surprise.” So I followed her, not knowing who she was talking about…..

Good day twentiz , a great friend gave a book titled How to build a multi million dollar business in Africa by  Strive Masiyiwa(google him)and i must say that book was magic. We will be sending it to Twentiesco subscribers tomorrow, so if you haven’t, make sure you do.Leave your email in the box below .

Meanwhile here  is a really great platform where he shares his knowledge and experiences.

Click here to access the wisdom.

You yourself can do more than you know, right where you are. Sometimes when we wait for someone else to act, including governments, it can become an excuse for doing nothing ourselves.

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MONEY AND FINANCES

WHEN NETWORK MARKETING FAILS YOU, DO THIS

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My story is not a new or rare story . There are many of us who joined these money making systems and did not get the expected results .

 I have been there, I have had hope for a change in my living standard ,income and all the promises network marketing moguls manage to implant on our heads.
I invested my money and didn’t earn a thing . There are different reasons as to why I didn’t succeed in network marketing. But my story is not a new or rare story . There are many of us who joined these money making systems and did not get the expected results . A small fraction of people actually earned something(with a sweat).To this day someone sends or tells me something similar to this, I just laugh and say no Thank you.
I am learning where it is worth putting my money . I am still hungry for development and if you are on the same boat , here are five things you can do to make an income .
1.Invest in a hobby
Hobbies are always savers, of either time or money and sometimes both. These same hobbies are sometimes makers of money. Most of our hobbies are art such as writing, drawing , make up, singing, hair and so much more. There are multiple ways you can make money with such hobbies.

You can sell the service, teach or write about it among some. You become happy as you do it and you also get some money.
2.Sell extremely basic stuff.
Really basic, now if you are hobby-less or your hobbies are not sellable consider selling extremely basic stuff. Things like water, juice and anything that most of us cant go a day without. All you need to do is find a location that makes people come to you .
3.Buy Shares .
If you are so desperate to put your money somewhere then buying stock shares is a way to go. Do your research and predictions well and then buy the shares and be ready to receive a portion of the profit.
4.Get creative and innovative.
There are so many opportunities for change around us .

network marketing options

Every second some people are bummed that they cant find a certain service. Make that service. Look out for entrepreneurship opportunities in everyday problems .

That’s it.

What are other options apart from network marketing.

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