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Today's best money habits for better finances.
-Live Within Your Means. This strategy is the foundation of all good financial habits.
-Pay Yourself, You Deserve It. ...Give Yourself a Consistent Raise.
-Buy Value, not because it looks adorable.
-If You Have to Borrow, You Can't Afford It.
-Pay Your Bills Ahead of Time.
-Read One Financial Book Each Year.
-Track Your Spending.
-Regularly balance your books.
-Save for retirement
-Always keep an emergency fund
-Invest for cashflow
-Know what you are paying for.
-Control your spending. Don't spend on things you can do without.
-Cut down on eating out
-Learn to donate and help out others
Financial planning is a big concept that includes things like budgeting, retirement planning, saving, insurance and getting out of debt. You don't, however, need to be a financial planning expert to have a firm grasp on what each of these concepts means and how they impact you. Use this guide to gain a deeper understanding of how they work together to lay the groundwork of a solid financial foundation for you and your family.

01 Budgeting

At the very basic level of personal finance, you should understand the need for, and value of, a budget. A budget or spending plan is a road map for telling your money what to do each month. At its simplest, a budget lists how much income you have coming in, compared to what's going out each month.

Creating a detailed and? ?written budget allows you to make smarter decisions with your finances on a daily basis. When you're faced with spending money on something, a budget requires you to stop and think about the purchase. You realize that by spending money in one area, you won't have to spend--or save--elsewhere.

When you create a budget, you begin to see a clear picture of how much money you have, what you spend it on, and how much, if any is left over. Ideally, you'll have a surplus left over which you can use to save for retirement, build up your emergency fund, pay down debt or apply to other financial goals.

The simplest way to create a budget is on paper, but you can also use a budgeting spreadsheet, software or budgeting app to get the job done. If it's your first time budgeting, consider testing out different approaches each month to find the one that best fits your needs and style.

02 Cutting Expenses

After you've successfully created a basic budget, you'll have a much better understanding of where your money goes and where you can possibly trim expenses. For many people, this is as simple as cutting back on some of the little things that can add up. For others, it may mean taking a closer look at spending to make deeper cuts in order to create a wider gap between monthly inflows and outflows.

For example, some of the smaller variable expenses you may consider eliminating include unnecessary subscription services or recurring memberships you don't use. Bigger cuts could result from refinancing your mortgage or wiping out an entire spending category, such as dining out.

Why is reducing expenses important? Three reasons. First, it can free up more money in your budget so you're less inclined to rely on credit cards or loans to cover spending gaps. Second, if you have debt, adding extra money back into your budget can help you pay it off faster. And third, having extra money can help you boost your emergency fund or grow retirement savings.

03 Getting Out of Debt

Even after creating a sound budget and cutting unnecessary expenses, you may still find yourself with lingering debt to get rid of. Using credit and taking on some debt itself isn’t necessarily a bad thing, but when you can't keep up with the payments or borrow more than you can afford to pay back, you could be in trouble.

Getting out debt becomes even more difficult when you're facing a high interest rate on credit cards or loans.One of the most important steps in getting out of debt is to pay more than the minimum amount due each month.

Even a modest credit card balance can take over a decade to pay off if you simply pay the minimum amount due because of interest and finance charges. That could end up costing you thousands of dollars that could be better used towards savings. Giving the snowball method a try, or looking into a credit card balance transfer, could help you get out of debt sooner.

04 Saving for Retirement

With fewer companies offering full pension plans and the uncertainty of Social Security, it's become more important than ever to save and plan for your own retirement. Unfortunately, many people feel that they simply don’t have ?enough money left over each month to save. That, however, can be costly if you delay saving until later in life because it means missing out on the power of compound interest.

Retirement savings needs to become a priority instead of an afterthought. The Internal Revenue Service has made saving for retirement even more attractive with special tax-advantaged accounts such as employer 401(k) plans, individual retirement accounts and special retirement accounts for the self-employed. These accounts allow for tax deductions, credits and even tax-free earnings on some retirement savings. If you're not saving for retirement yet, revisit your budget to see if you have room to include it.

05 Insurance

You've created a budget, cut expenses, eliminated your credit card debt and have started saving for retirement, so you're all set, right? While you've definitely come a long way, there is one more important aspect of your finances that you need to consider: insurance.

You've worked hard to build a solid financial footing for you and your family, so it needs to be protected. Accidents and disasters can and do happen and if you aren’t adequately insured it could leave you in financial ruin. You need insurance to protect your life, your ability to earn income, and to keep a roof over your head. Life insurance, disability insurance and homeowners' insurance can help with those scenarios.

One question you may have is, what kind of life insurance do I need? Term life offers you for a set period of time; permanent insurance covers you for life, with some policies offering the benefit of cash value accumulation. Permanent life insurance, however, can be more expensive than term life. When choosing between the two, it's important to consider which one is the best fit for your needs and goals.
Technology will have a massive impact on your financial future: here’s why. Technology has played a significant role in changing the way we interact with each other. It’s introduced us to content that would otherwise have gone undiscovered, it’s connected us across vast distances, and it’s accelerated the pace of exchange in practically every dimension you can imagine.

When we think about the future of technology, we think about its capacity to afford us more leisure time, or its ability to make things faster or more convenient. But one of the biggest potential changes that technology holds is its prospective impact on our financial futures—and in more ways than you’re probably considering.

The restructuring of the finance industry

First, we need to look at how technology is completely restructuring the finance industry. Responsibilities that once required an expert with many years of experience to spend several hours of analysis performing can now be done with an automated algorithm in the span of seconds. Complex algorithms can make snapshot assessments of risk, make complicated money exchanges, and even analyze data far more efficiently than ever before.

For consumers, that’s mostly good news; it means you have access to more services in a digital format, and at a much less expensive rate. For the finance industry, this is coming with big changes; as banks digitize more, Citigroup estimates that the industry will lose 1.7 million jobs or more to automation and digital environments.

Management apps

On a level that’s probably more familiar with mainstream consumers, we can look to the emergence of money savings apps, stock exchange apps, budgeting apps, and other tools designed to make financial management easier for the average customer.

High-tech, intuitive layouts mean that everyday consumers can access complex topics that they once relied on advisors and other professionals to learn. And because the financial models for most of these apps rely on heavy initial user adoption, most of the apps are free—or at least inexpensive—to download and use.

Collectively, this means consumers have more power and insight into their financial situations than ever before. They’re relying less on advisors and experts, and are doing more to take control of their own budgets. Again, this is mostly a good thing, though the decreased demand for advisors puts more pressure on individuals to handle their own responsibilities—and not everyone is equipped with the personal finance knowledge on how to get started, especially if they aren’t already using a budgeting or planning app.


As many as 45 percent of financial intermediary services are victims of economic crime every year, which makes security and privacy top concerns for the finance industry. Blockchain technology, the driving force behind most cryptocurrencies, including Bitcoin, is looking more and more attractive to these skittish institutions, representing a digital safe haven that’s practically impregnable.

Blockchain transactions aren’t foolproof; human error and traditional scams still make it possible to commit fraud. However, blockchain represents a much safer alternative to current practices with digital exchanges. This is important because it could one day serve as the basis for pretty much all virtual transactions, and cause most banks to completely restructure their offerings.


The availability of crowds, thanks to the connective potential of the internet, is also influencing financial trends, and could have a significant impact on your financial future. Crowds can be useful in multiple ways. First, and perhaps most obviously, they’ve been responsible for the rise in popularity of crowdfunding, the process of collecting small payments or pledges from strangers for a central purpose (such as funding a startup, or paying for an asset).

Another emergent trend is P2P (peer-to-peer) lending, the process of lending or borrowing money from another individual, as opposed to an institution.

Credit and trust

Your credit score plays a big role in your financial life, including whether or not you’re approved for a home loan, what type of interest rates you pay, and even what opportunities—including jobs and apartments—are accessible to you. Already, financial institutions use complex algorithms to determine your credit score.

In the future, as big data becomes more plentifully available and algorithms become even more sophisticated, it’s likely that even some of your smallest purchasing decisions or behavioral patterns could influence your financial wellbeing.

This type of technology has both negative and positive potential effects; on one hand, it could provide more accurate assessments of risk for financial companies, but it could also close some people off from financial services entirely.

Occupation and income

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In a more obvious effect on your financial wellbeing and future, technology will have a profound effect on your occupation and income. By 2030, it’s estimated that up to 40 percent of jobs in the United States could be fully replaced by machines and AI. Regardless of whether that’s full-scale replacement or just displacement, that’s going to have an impact on your salary. Some politicians and economists have called for the emergence of a universal basic income to offset the impact of this increasing trend of automation, but that, too, would have a profound effect on our economy.

Age and retirement
Don’t forget that technology is also going to have an impact on your life expectancy; new medical technology is always emerging, and accordingly, it’s becoming more possible for citizens to live well into old age.

If you’re currently 30 and planning for retirement when you’re 65, perhaps living until you’re 95, you might be surprised to live until you’re 105 or even 115—at that point, you’ll be 20 years past your initial projection of savings. With these new possibilities, it’s important to re-plan your retirement projections.

Your financial future is in near-total flux. As new technology changes the way we exchange and store money, and improves the length and pace of our lives, it’s going to become even more important to remain flexible and adapt to those changes. Don’t become fixed on any one strategy or approach, and be wary of even faster-paced changes to come. Credit: TheNextWeb
According to Investopedia, Finance is a term for matters regarding the management, creation, and study of money, investments, and other financial instruments. Corporate Finance Institute went on to define finance as the management of money, includes activities like investing, borrowing, lending, budgeting, saving, and forecasting. There are three main types of finance: (1) personal. The process of managing one's personal finances can be summarized in a budget or financial plan., (2) corporate, and (3) public/government.

The easiest way to define finance is by providing examples of the activities it includes. There are many different career paths and jobs that perform a wide range of finance activities. Below is a list of the most common examples:

*Investing personal money in stocks, bonds, or guaranteed investment certificates (GICs)
*Borrowing money from institutional investors by issuing bonds on behalf of a public company
*Lending money to people by providing them a mortgage to buy a house with
*Using Excel spreadsheets to build a budget and financial model for a corporation
*Saving personal money in a high-interest savings account
*Developing a forecast for government spending and revenue collection

Most people screaming financial freedom don't even know anything about finance but financial education should actually be our top priority if we intend to be really financially free.
Who else has seen this video. What was your most important rule?
While there are countless opportunities available online enough to grant every online hustler to conveniently earn a living off the internet, it's clear that not very many of us are actually tapping into these sources. One of these sources being the popular Affiliate Marketing that enables users to earn commissions by referring their audience to a certain product is perhaps one of the easiest/cheapest way to earn quick money online.

Thankfully, Slourish has also launched an affiliate program! But have you made any money from it? What are you doing to improve your rate? How are you maximizing the opportunity? Haven been on Slourish for while, I have been asked severally by newbies on how to earn on Slourish and I thought I should share a few tips and today I will focus on the affiliate program.

Every affiliate program is about generating leads and ultimately making a sale (conversions) for the affiliate program owner and the Slourish affiliate program is not an exception. Slourish actually made it easier and more rewarding by paying per click and per signup. Most programs don't. But still, what you really need to do is gain the conversions.

That is where the money is and since Slourish makes it recurring in such a way that you can earn that N2,000 multiple times from the same referral, you could as well earn over N100,000 from one single referral if the referral is an investor. It's a win-win situation. You bring in customers and they give you a cut from the sale. Slourish won't make money until your referrals generate conversions since it's free to join the program.

Let me throw in a few tips.

=> It's easier to promote your affiliate link through paid traffic if you have the money. Just draft a sales copy or good review on your blog (if you own a blog) and use it as your landing page. This way, you are actually promoting your blog and users who are interested will instantly click through to Slourish while keeping your expert review and blog in mind. If you don't own a blog, you could use paid adverts to drive traffic directly to Slourish through your link.

=> Target who you refer. Inviting broke people to join an investment platform doesn't make any sense. Some affiliates will just go to facebook and start announcing that Slourish is giving free money as a welcome bonus just to lure people to signup through his/her link. This will only get you fake signups that the Slourish team will later delete and you won't earn anything from them. You should focus on investing those who can actually invest or who will be interested in the Slourish platform and the Slourish programs.

=> Consider joining groups, forums and other online communities that have a good number of people interested in investing. Even if you want to do it on facebook, invite people who are in investment groups. People there either want to invest or are already investing. Those are the people that can bring you conversions on Slourish.

=> If you have large followers on your social pages or you know someone who does, or maybe you have a way of reaching many people (emails, phone numbers etc), it's time to use them. Even WhatsApp groups are very effective. In fact, anywhere you see many persons, share your link!

=> Remember, it works best well you say what users ought to gain by joining Slourish. If possible,
Do you have that friend who thinks and behaves completely different? He/she keeps odd hours, hardly sleeps, always seem to be looking for something. He/she hardly parties or go out without a solid reason.

Well, there are only very few reasons for such habits. People keep to themselves for many reasons but ambition may very well be at the top of the list. If your friend is not an introvert, a nerd/geek with career path like a programming, then your friend doesn't really trust anyone or your friend just has a lot to focus on. The only other reason is hustle and this is where I fall in.

To really make it in life, one will need to be very observant for opportunities. One will need to be able to stay up late working on ways to improve the situation and one will have to be picky when chiding friends. Infact, one will have to spend less time with people who don't see the world the same way with them.

Among my pals, I'm the odd one and money is the real motive. Because of my habits, I found Slourish first when my pals were sleeping. You will most likely see me only where money is made. Let's all make money money here!
Let's all make enough money until we have many left to wipe our ass! Money must be made, one way or the other. I only want to have problems such as where do I park my luxury cars!
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Who else signed up under the influence of the cashflow quadrant?