No Money, More Problems...

Hello :)

How are you doing this morning?

It's the end of the month and it means you've been paid for your 'professional services' already, or will be paid hopefully today. Love the paychecks that accompany 'month endings'...You?

Hope you are saving though and hope you are not in the category of spending your 'salary' even before you see it.

This picture gets my vote for picture of the day. I tagged it 'No money, more problems'... What would you tag it?

The picture describes the sorry state of our economy right now. The fuel price has hiked up without any justifiable reason (Buying from the black market is so ridiculous...Imagine buying at N 6,000.00 for 10 liters ), and who bears the brunt of these decisions? The masses. There's an increment in food stuffs, transport, and unnecessary road congestion, thanks to long fuel queues. 
It's funny the way the standard of living increases, but there's a cut or no increment in salaries....

I guess that's why most people finish their money before the end of the month and then live on borrowed funds for the most part, and when the next salary comes again, they pay off their debt and the cycle continues. (I call it the survival mode.)

My mom always says that 'no matter how bad the economy is, make sure you save something. Save, invest your savings and save again. Even though we don't anticipate it, the rainy days would come'. 

So, please save no matter what. Make a budget, avoid borrowing as much as possible and save for the future, for  just in case...'

I guess my friendship with 'a certain financial person' is rubbing off on me. :)

On a lighter note, what did you think of arsenal's match yesterday? I vote them for most resilient team. 

Hoping they influence us to keep fighting for survival despite a difficult economy...

Have an amazing day...

Thanks a billion for reading!!!

Five laws of Gold

Hi everyone, 
How are you doing? How's your finances faring too?
Mine has been giving me a lot of concerns. To save or not to save. To open a new account or not. Is it wise to get a loan or not? How do I become financially stable?- These are some questions that bug me daily. How about you?
If you were to choose between money and wisdom, which would you pick?
Well, my neighbor gave me a book as a gift (One of my favorite gifts ever). The title is 'The richest man in Babylon'. Have you read it?
Please, if you haven't, READ it now. And if you have read it, re-read it. It's a gem...

Artwork gotten from Glittery.com

One part of the book that stands out for me is 'the five laws of gold'. It states:

I. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.
II. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
III. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
IV. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
V. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
" 'These are the five laws of gold as written

Simple rules, right? 
I've decided to start applying the rules stated. How about you?

Anyways, enjoy the song for the day: Aston Martin Music by Rick Ross, Chrisette Michelle and Drake

Thanks a lot for hanging out here. Hugs!!!! :)