Small Steps, Big Impact: Your Path to Financial Stability
Every single individual on this planet craves a financially stable life that enables them to provide an amazing life to their families, contribute to a thriving society, go for endless vacations and have the latest up to date wardrobe.
In this blog we will look at some of the tips one can take to ensure they have the life they truly yearn for:
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Have an understanding of basic financial concepts like; income, expenses, assets, liabilities, and interest rates.
This enables you to have a clear understanding of what's happening around the business world and how you can stay up to date. -
Create a budget that helps you keep track of your income and expenses, and also allocate funds for needs, wants and savings.
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Build an emergency fund, for up to 6 months worth of living expenses. This can be used only for unexpected expenses.
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Consistently contribute to saving accounts and invest in income producing assets to build consistent cash flow.
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Prioritise your needs over wants, and avoid lifestyle inflation. When your income grows, so does your shopping expenditure.
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Create a plan for your future to avoid getting caught unawares. Set short and long term financial goals that will help you grow your wealth and have you retire early.
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Protect your assets by getting insurance coverage on your health, life and property. Don’t forget to regularly review and update your policies.
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Improve your credit, by managing credit responsibly.
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Invest in yourself. Be sure to take the time and effort to become knowledgeable in the areas of personal finance and investing. You'll realize that this will pay off now and throughout your life.
Making sound financial and investment decisions is important for achieving your financial goals.
Attaining financial stability can be a daunting task, but it isn’t unachievable. It requires a great deal of discipline, setting goals, and making sure you stick to them.
As a company we are fully committed to assist our clients in setting themselves up for financial success, not only by offering affordable housing solutions but by partnering with leading financial institutions in the country such as National Bank of Kenya, ABSA Bank, Cooperative Bank among others, to meet their current financial needs and build a fruitful relationship with them.
These financial institutions have partnered with us in the following prime projects; Thika Grove Chania which is a modern mixed use development that caters to residents and commercial enterprises, and Bliss Water Park Naivasha which is a state of the art holiday home investment that will build your cash flow and wealth.
To help you get started on your financial journey, be sure to reach out to 0709 377 677.