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August 6, 2022

Financial Success in 2022

If you want to be successful in 2022 then these 5 keys are for you.

Read through below and change your life for good.

1. Earn as much as you possibly can: Do everything possible to excel in your field so you can get paid more.

Learn more. Attend seminars. Get a mentor. Network with intelligent and smart individuals. Just do all is required to earn more income consistently.

2. Hold onto as much money as you can: Never spend all that you earn. Resist the natural tendency to spend impulsively. Save 10 to 20% monthly.

Just do all you can to hold some money and not spend it. Don’t increase your expenses or lifestyle as you increase your income. In fact, save 50% of any increase in income.

3. Reduce and control your cost of living: Look for where to be frugal in your monthly expenses. Buy less expensive items. All wealthy people are careful with their expenditure. Have a budget to help people; once it’s exceeded, don’t give over it.

4. Invest carefully and make it grow as much as it can. Use compound interest to your advantage. Also, use Dollar Cost Average to acquire stocks or crypto for long-term holdings. Keep adding more money to your portfolio.

5. Get out of bad debt: These are debts that you incur that don’t generate any income or cash flow. Be careful of debts that is used for consumption only. Don’t borrow it at all. Only borrow for a business or investment that produces consistent income or returns.

Those are the key to financial success in 2022.

Use them daily and it’s certain I will meet you at the top.

 

About the author 

Kehinde Lawal

Founder @9jaCashFlow | I'm a digital entrepreneur, farmer, and investor. Like Thomas Edison, I'm failing my way to success. Let us connect! | +234 810 185 0909

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