Let’s review your financial goals. Shall we?
It is no lie that the year 2020 has had a lot of up and downs. The first six months of this year literally felt like twelve months. It was unending. First was novel coronavirus pandemic, popularly known as COVID-19, that put the whole world on a stand still. This led to so many other events of countries struggling to respond to the rapidly spreading virus that has no vaccine yet, schools shutting down, those with jobs having to work from home, job loss like never before, washing your hands every minute without expecting meals, and the worst of it is the scrambling economies. It has been a whole lot.
However, there is good news. Your dreams are valid. Yes! They are. Don’t quit now, don’t quit ever.
We have put together 5 steps to ensure that you still reach your 2020 financial goals
1. Write out your goals. There is always a way out when there is a clear cut vision. Write down your goals, really put them down. Remind yourself of them daily. Be conscious of your dreams and desires and see them come alive.
2. Set a saving and investment plan. You need money to achieve your financial goals. This is not the time to eat with all your fingers. So, be deliberate about setting money aside, no matter how little. Increasing your streams of income will enable you to save more money conveniently. Save and invest money always in high interest yielding accounts on Saversclub and onesqm.
3. Read books on finance. It is not a cliché that readers are leaders. Reading money books will keep you inspired and open you up to more diversified ways of earning and growing your money.
4. Have an Emergency Fund. If there is one thing 2020 has taught us, it is to prepare for the rainy days. Who would have thought the beginning of a new decade will come with so much strangeness? Nothing beats the truth about having money saved up to help through difficult times.
5. Take advantage of compound interest. This is what saving and investing on Saversclub and onesqm would afford you to do. You can always reinvest your returns. The literal explanation for this is your money giving birth to a child and the child giving birth to another child😅. That is awesome!
Do not let the situations around you pull you down. Wake up daily and tell yourself “my dreams are valid.”
