The Secrets of Money-Management from the Masters
0. Know Yourself
- Keep your wishes, desires, needs, wants to realistic levels.
(If you are insecure, have inferiority complex, you tend to spend more) - Have an aim and Plan your expenses in alignment with your income
- Have a personal budget
- Record or account your income and expenses
- Keep good money behavior
a: Don’t take loans unnecessarily
b: Don’t lend money that is kept for very important things
c: When you lend money (with the intention of getting it back), give to those who will give it back on time.
d: Always count money when you receive it from others; insist the other to count when you give money to him.
e: Keep word regarding money matters(and on all other matters- this creates credibility/goodwill). - Develop the habit of saving money: Save regularly invest wisely.
- Spend your money wisely &/or propitiously (JIT). A stitch in time saves nine.
- Develop good working habits
- Develop good time habits
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‘The Secrets From the Masters’ Series
