SEPTEMBER IN PROGRESS

What are your aims for this month? Have you set your goals? Or are you going to allow a whole month to go by without trying to achieve your dream life?

This month is a new month, the thing is, what are you going to do about it? Here's a list for those who have not started and wants to build their wealth for a greater future;

1) List down your commitments and monthly expenses. Make sure that you include your future expenses such as your car insurance and road tax which only occur yearly

2) Compare your income to your expenses and monthly commitment. Is there a surplus or is it a negative monthly

3) If it is a negative monthly, now figure out what is your want and what is your need. If it is a surplus, what are you doing with the balance of the money? Are you a compulsive shopper? Or do you just leave your money lying in your savings or current account?

4) Once you have sorted this out then you can plan your next move. If you are having a negative cash flow then you are required to figure out how to fix it. Is it by cutting expenses or do you do another hustle income so that you do not add on to your debt? If you have a surplus, then keep 3 - 6 months of your emergency funds and the rest needs to be converted to another form of savings or investment.

To build your wealth and your financial freedom, you need to know exactly how much you have or don't have. You cannot assume and hope to build your wealth. Take these steps first. We hope to share with you more tips so that you may achieve your financial freedom! Till the next post! To a greater future!