Sunday, November 6, 2022

How To Make Your EXPENDITURE OF EXPENDITURE TO MEET AVAILABLE FUNDS Look Like A Million Bucks

 Make Your EXPENDITURE OF  TO MEET AVAILABLE FUNDSA Reality

Say "nowhere". But people try to do so when they want to get money without specific and definite money goal. If you don't notice anything, you definitely and definitely won't hurt anything. If you don't have a clearly defined and well-documented money goal for a specific period, you should be happy not getting any money, because that's what you wanted.

Findings of research in achievement psychology show that less than 3% of the average population have clearly written goals, and 100% of successful leaders anywhere in the world have clearly written goals that often accompany them. are done regularly. Pose yourself these inquiries: What amount would you like to acquire in 2 years, 5 years and 10 years?What kind of knowledge, skill, aptitude, experience do I need to earn this kind of money? Who are the people currently legally making this type of money and how can I gain access to the information, skills, expertise, experience and techniques they have? Providing written, detailed and honest answers to these questions will create an actionable money goal and a clear road map to your financial destiny.

Law #3 - Law of Probability

The financial value of a habitual expenditure is not as important as its potential financial consequences.

You can also state this law as: "The size of the car is not as important as the speed it moves". Many people habitually spend their money on small and unnecessary expenses and think that the amount involved in such expenses may not have a negative impact on their financial well-being. Well, when you focus only on the impact of a single transaction that may be true, but when you take into account the exponential impact of the frequency of such spending and its addictive effect on your long-term financial goals, So you find it's huge. Try this experiment at your own expense and see what kind of effect we're talking about. Take a sheet of paper and list how much you spend on a weekly basis such as: non-alcoholic drinks, beer, pepper soup, fast food, entertainment CDs/VCDs, and no business telephone calls, etc. Duplicate the aggregate sum in Naira by 52 (weeks in a year) and perceive the amount of you possess.

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For a person who spends as little as $20 on non-business calls, $40 on fast food, and as little as $20 on non-alcoholic or alcoholic beverages, 5 days a week and 52 weeks a year, the cumulative cost comes to about $20, 880.00. But that is not the actual result we are talking about. Imagine that instead of spending that money, you set it aside consistently every year and invest that $20,800.00 in a business or investment that makes 15% a year. In 10 years the money would have grown to $423,941.65 and in 20 years it would have grown to $1,797,288.74. Talk about possibilities! Again, the moral lesson here is not to avoid these costs altogether, but to be aware of the recklessness and ability to put your hard earned money to productive use.

Law #4 - Parkinson's Law

Expenditure of expenditure to meet available funds

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Duplicate the aggregate sum in Naira by 52 (weeks in a year) and perceive the amount of you possess.Have you ever noticed that when your income increases, you often get annoyed with the things you used to enjoy? For example, if you enjoyed watching your 14" television screen when your monthly income is only $5000.00. When you get a promotion or find a new job that pays $25,000.00, you may suddenly end up with a flat. Screen 28" will be interested in television. High-class network cable, and external sound accessories. In fact, you will suddenly find that you need to change both the quality of your furniture and the space of your residence. You will continue to adjust to your new level of income until you realize that the money really isn't enough.

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The truth is that saving and investing never happens because you make more money. Your monetary way of not set in stone by your subliminal monetary blue print.. If the dominant thought pattern in your financial operating system is cost, then all your financial dealings will be cost-based, no matter how much money you make. If you don't have savings with an income of $1000.00 per month, you won't have savings with an income of $50,000.00 per month. Increasing income without changing financial habits is like trying to take a different picture by magnifying the negative of the same picture

If you do not have a clearly defined and well-documented money goal for a specific period, you should be happy not getting any money, because that's what you wanted. Well, when you focus only on the impact of a single transaction that may be true, but when you take into account the exponential impact of the frequency of such spending and its addictive effect on your long-term financial goals, So you find it's huge. Duplicate the aggregate sum in Naira by 52 and perceive the amount of you possess. Again, the moral lesson here is not to avoid these costs altogether, but to be aware of the recklessness and ability to put your hard earned money to productive use. Law #4 - Parkinson's Law Expenditure of expenditure to meet available funds Duplicate the aggregate sum in Naira by 52 and perceive the amount of you possess. Have you ever noticed that when your income increases, you often get annoyed with the things you used to enjoy? In fact, you will suddenly find that you need to change both the quality of your furniture and the space of your residence. You will continue to adjust to your new level of income until you realize that the money really is not enough. The truth is that saving and investing never happens because you make more money. 00 per month, you will not have savings with an income of $50,000.

Duplicate the aggregate sum in Naira by 52 and perceive the amount of you possess. Law #4 - Parkinson's Law Expenditure of expenditure to meet available funds Duplicate the aggregate sum in Naira by 52 and perceive the amount of you possess. Make Your EXPENDITURE OF EXPENDITURE TO MEET AVAILABLE FUNDSA Reality.


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