Money Management: A Simple Recipe to Build Up Your Wealth Portfolio
There are two ways to improve your cash flow.
Either…
- spend less
or
- earn more.
To build up your wealth portfolio, you must build margin into your budget and…
- SHRINK your LIABILITIES.
- Reduce your DEBT.
- By paying your debt off you will improve your cashflow.
- Ensure that you do not take on extra unnecessary debt.
“The wise have wealth and luxury, but fools spend whatever they get.” (Proverbs 21:20)
- GROW your ASSETS.
- Aim to convert more of your income into ASSETS.
- In other words, build up your SAVINGS and INVESTMENTS.
“Whoever gathers money little by little makes it grow.” (Proverbs 13:11)
Good day….this is a good idea of how to safe money even if you get less of your salary ….I don’t get much but safe every week yes you struggle but you will get out your situation….God blessed ?
God bless you!