Money Management Principle – How Much Have You Earned Over Your Lifetime?
How old are you today?
How long have you been working?
How many salaries or paycheques have you received during your working career?
How much have you earned over your working career?
How much have you earned during this time?
Now, I have one more question for you…
How much of the income you have earned do you still have?
Hopefully, you have managed to invest part of your income, thereby turning your income into assets and ensuring that you build your Wealth Portfolio.
Unfortunately, more people who answer this question are left feeling despondent because most of us spend what we earn without saving, and most have little to show for all the years of hard work and toil.
Unless you allocate part of your income to savings and investments and make this a priority in your budget, your savings and investments will eventually fall by the wayside.
You may not be able to do anything about your past, but you can do something about your future.
I must encourage you to invest part of your income each month.
You can build up a Wealth Portfolio. Don’t spend everything you earn.
Make sure that you invest a good part of all your earnings. Be wise with your money management.
“The wise man saves for the future, but the foolish man spends whatever he gets.” (Proverbs 21:20)
Don’t spend all you earn. Make sure to invest part of your income regularly over the long term. This will help you build exponential wealth over time.
“Whoever gathers money little by little makes it grow.” (Proverbs 13:11)
From your first paycheque or salary, make sure that you set 10-20% aside and invest it.
You can turn your income into assets.
You can build up your wealth portfolio.