How to manage your hard earned money

Making money

Making money is one thing and managing it is another thing.

Some people makes money but how to manage it becomes their big problem. Today I'm going to share with you some popular quote on money management and also giving you some clue in managing your money.

1} Beware of little expenses, a small link will sink a great ship. Benjamin Franklin

2) He who will not economize will have to agonize. Confuciles

3) Out of debt means out of danger.  Eleanor Doan

4) The man who wastes today lamenting yesterday will waste tomorrow lamenting today. Philip Baskin.

5) The poorest man is he whose only wealth is money.

6) To be a money master you must be self master. J Morgan

7) people become well to do by doing what they do well. Mckenzie

8) life is like a coin, you can spend it anyway you wish but you can only spend it once.

9) Without a rich heart, wealth an ugly begger. Ralph Emerson

Money management

(Managing your money)
Every Money you receive or earn is for 3 purpose.

        1) Pay yourself

        2) Invest

        3) Save

When you buy things for yourself including food, things for pleasure, amusement, beautification of the body etc,  you are PAYING YOURSELF. When you buy books, invest on business or on children, or personal education, you are INVESTING and while you go to bank to drop money untouch you are SAVING.

Save & invest

Most Nigerian only know how to pay themselves and not how to invest and save. In every N1000 naira save at least N100 naira, in every N10,000 naira save at least N200 naira. In a long run, you will be amazed how much you have saved. Don't eat every money that comes your way, you may be eating your future and destiny.

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