According to investopedia.com , "Self -employed is a situation in which an individual works for himself instead of working for an employer that pays a salary or a wage. A self-employed individual earns his income through conducting profitable operations from a trade or business that he operates directly." Today, we try to explore some of the available self-employable businesses that one can dare to achieve the aim of becoming a self employed individual. 0 1. Blogging If you love to write, but don’t want to freelance, you may find starting yourown blog more appealing. There are many revenue opportunities from blogging including affiliate partnerships, sponsorship, product sales and advertising. Not to mention, blogging in a topic you’re passionate about can be deeply rewarding and fulfilling. 02. Event or Party Planner If you love throwing parties and are hyper organized, party planning may be just be your dream business. To help you stand out in the
Remember that juicy but very short period not so long ago when you had so much money you were so very happy you nearly ended up setting up your own bank with it? Well, whiles you are at liberty to argue it out, it is common knowledge that shortly after that your heaven on earth era, there came a sudden financial dumsor (blackout) that certainly, had you thinking about “where has all that cash just vanished to?”, “but I didn’t buy so many things”, “oh well, I shouldn’t have bought this, I shouldn’t have bought that”.
Below, are some well known and basic "hacks" to help us to be able to control this menace of constant financial imprisonment. Enjoy.
1. Don’t a have budget yet? You
definitely need one!
Are you familiar with the popular quote “If you fail to
plan, you are planning to fail”? In the business world, preparing a budget
for what you will use your money for within the next 1 hour is as important as
planning the marketing strategy to adopt for Coca Cola. A budget is simply a
list of items that one plans to spend an estimated amount of money on within a
specified time. They help a lot in keeping you in track on what and you have
authorized yourself on using your money on at any time. It doesn’t cost to
prepare one. Let’s look at a typical student budget.
2. Avoid unbudgeted spending.
One of the major problems facing students (including the
even the grade A students of the A business schools) all around the world, is
their inability to be financially disciplined. Sad. But true. According to
Mawuli Kokoroko, a student of the University of Ghana,
he usually spends more than 20% – 30% more money than he budgets for each day.
Now, let’s do a little calculation here. Suppose Mawuli budgeted to spend GHC
10.00 a day, 30% of it will be GHC 3.00 plus the budgeted GHC 10.00, making a
total expenditure of GHC 13.00 a day. In case he spends GHC 13.00 a day for a
year, he would have spent GHC 4,745. But if he was able to keep to spending GHC
10.00 a day, he would have spent approximately GHC 3,650 a year, which could
have saved him GHC 1,095. So, draw the conclusion yourself.
3. Prefer Quality To Quantity.
I definitely am not saying that trying to achieve
efficiency is a bad idea, but one must always be cautious about that. And to
say the least, being effective also helps a lot trust me. In as much as we will
all like to buy so much from a little amount of money, actually, buying a few
but quality stuffs could save you the hustle of having to buy the same thing(s)
over and over again. So next when you have the financial backing to make
purchase, please prefer the ones being sold in the store to the ones being sold
on the streets.
4. “Let me borrow and pay
later.” No. Not yet.
No! Not always because you might just get addicted to
that very ugly pattern of life. If you have ever watched the popular TV series
“Suit” before, you should be well acquainted with the quote “If you have a
bullet put to your head, you don’t give up because you have 146 more options to
explore”. Literately, the quote implies that whenever you’re faced with
financial challenges, make sure you exhaust all possible options well enough
before turning to your saviors for help. Because not only can it become addictive,
you might end up losing your belongings to payback.
5. Savings. Savings. Savings.
"Little
drops of water makes a mighty ocean" - Anonymous. And I say "a little
coins savings makes a world bank."
Make savings a good friend, instead of
seeing it as an enemy. Because it does not only help you save money,
it also unknowingly, helps you cultivate the habit of saving for and in future.
So next time you have more money on you than you might need, think of
the world bank you can create for yourself which will help you just when you
need it most.
Other points you may consider...
6. Why take transport when you can walk
7. Disciplined food habit.
8. Be prepared for the “In Case Of
Emergency”.
9. Instead of buying lunch, prepare it
yourself.
5. Bargaining before buying also helps.
There are more people achieving financial freedom faster today than ever before but yet you'll find many of them are not entirely happy...
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How To Reach Financial Freedom
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