10 Tips of Achieving Financial Brilliance

Financial brilliance is not inborn nor does it happen overnight. We learn it from someone or through an experience. If you’re not doing well financially, you’re probably ready for some advice that makes sense. Here are10 unique bits of financial brilliance.
1. Stop buying “stuff” you do not need!– The little money you spend each day on unnecessary items add up to thousands in a month and hundred thousand in a year.
2. “Live within your means. – This is the best rule to live by as it gets you financial freedom. You will be able to say yes to the things that matter because you save on the areas that aren’t as important to you.
3. If you don’t have an emergency fund, start one now! – It is okay to find ways to live below your means so that you can save for retirement and other long-term goals but at the same time make it a priority to set money aside in the event an urgent need arises.
4. Financial freedom only solves small problems – Money only solves problem related to luxury but our happiness in life is determined by how optimistic we are. Do not be a slave of money.
5. Financial intelligence is your most lucrative financial asset – “Before investing in real estate or the stock market, invest in yourself by developing your own financial intelligence.
6. Concentrate on your passions and money will follow – Making money is the by-product of our guiding purpose. Try doing something you love, and you’re more likely to put your all into it, and that will equate to making money.
7. Make money on the side – Start by spending less money than you earn and you will be able to save. Apart from saving, try and make an additional income on the side for them.
8. Dream big! It will motivate you to save–Dream big and ensure that it is achievable and realistic this will motivate you to work hard and save more.
9. Wealth comes with wealthy thinking – Our thoughts influence our lives greatly. Make sure you think like a wealthy person and also value yourself highly.
10. Be careful when lending money to friends and family – The problem with lending money to loved ones is this: If you lend serious cash to someone you care about, you still expect it back right? The down side is, most of them have no intention of paying back.

(CareerPoint Kenya)