Our personal finances by Clarence Muhoro Watch this Amazing Video

STRATEGIES TO HELP YOU SAVE

• Save before you spend. Save at the beginning of the month. Pay yourself first
• Set a clear goal and a clear plan.
• Automate your savings.
• Have a saving buddy.
• Make your savings untouchable.
• Avoid mental accounting

BUDGETING

THREE STEPS TO BUILDING YOUR BUDGET

• Identify how you are spending now.
• Evaluate your current spending and then set goals that take into account your long-term financial objectives.
• Trace your spending, and make sure it stays within your guidelines.

A great budget –Live on 70%, Give 10%, Save 10%, Invest 10%

If you have enough, or live with your parents –Live on 40%, Save 20%, Invest 40%

INVESTING

• What is Investing?
• What are the types of Investments we know of?
• Is Investing Important? Why should we Invest?
• What Investment opportunities do we have that we can take advantage of?
• If someone gave you Ksh 10 Million, what would you do with it?
• If you were to choose, to get one million today or get 0.01ksh that doubles in value every day, for 30 days, which one would you choose?

ATTITUDES TOWARDS MONEY

• What do you think about rich people?
• If fare prices to town increased by Ksh20, how would you feel?
• Do you tip the waiter? Do you give offering or you don’t because you do not trust your pastor? Do you give street kids money?
• Do you stress about money?
• Do you feel like we have money in Kenya?
• Is money good?

Three levels of Money Attitudes –Ken Honda

1. Money is like Ice. When you try to manipulate people, money is cold.

2. When you feel more comfortable with money, Money is like a River Coming IN and OUT.

3. Money is like AIR. It evaporates. Money is everywhere. It is Abundant

• Money EQ is more important than Money IQ.
• Trust in a friendly Universe. Feel that whatever you do will be supported. Feel loved and secured and abundant.
• Give More and also expect More.

Money Personalities

• Investors
• Savers
• Big spenders
• Debtors
• Shoppers

ARIGATO TECHNIQUE

• When you receive Money or a check, say Thank You and Appreciate It.
• When you pay, appreciate it and it will bless the person you are giving and bless the NEXT person also.
• You get energy it's as if money is flowing through You and getting it frequently.

GRATITUDE and ABUNDANCE mindset is very important!

WHAT HAVE YOU LEARNT?

• How Can I use this?
• Why Must I use this?
• When Will I use this?

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