Having multiple streams of income is one of the known keys to Financial Freedom. We see this also in #scripture
Ecclesiastes 11:6 🧵
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1⃣In the morning sow your seed...
It's important to work and work well. Do your work as unto the Lord according to Colossians 3:23. Once you receive this income, you should sow into...
✅Savings & Emergency Fund
✅Investments (Diversify)
✅Charitable giving
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2⃣ And at evening withhold not your hand...
While your 9-5 income covers your basic needs and wants, it's usually not enough to build wealth. You should not withhold the inspiration to...
✅Start a company
✅Invest in a startup
✅Earn passive income
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3⃣For you do not know which will prosper...
We won't know which will be the "catalyst" for wealth and that's why it's important to diversify. We should pursue our God-given talents and abilities to do good and impact the world for the better.
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📚 We recommend giving the entire book of Ecclesiastes a read as it provides some insightful words of wisdom for investing, saving and life.
Tell us the most impactful #scripture for your investment journey.
We started a 4 part series on our YouTube channel showing how to identify great stocks for your portfolio.
Here is a recap of the session...
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✅ Start with Fundamental Analysis
This is the use of Financial Statements, Economic Reports and Forecasts to evaluate a stock's potential. The goal is to examine the key drivers of a company's current and future business activities.
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✅ Review the Financial Statements (Quantitative Analysis)
Look at the measurable characteristics of a company. The main sources are the Balance Sheet, Income Statement and Cash Flow Statement
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🚨Highlights from the Session with @simplifyingfin over on IG🚨
Title: Before You Invest
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1. Have a Spending Plan (Budget)
This provides room to invest consistently. Without getting a handle on spending you won't be able to invest as much as you need to achieve your investment goals.
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2. Build Your Emergency Fund
Save enough to cover unplanned or emergency expenses. This will prevent you from selling Investments too early to cover unplanned expenses.
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This thread is for absolute beginners who want to invest using the Jamaica Stock Exchange - @jastockex
It's an overview of the process, what is needed and where to look for information.
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What is a Stock?
A stock represents fractional ownership of a publicly listed company. A company will issue a stock to raise Capital to fund its operations, purchase equipment or any other objective.
The first time a company lists is called an Initial Public Offering - IPO
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How do you make money from the Stock Market?
Two main ways:
1⃣ Capital Appreciation - you purchase stocks and resell at a profit.
2⃣ Dividends - some companies pay out dividends from their profits. This varies per company and isn't guaranteed.
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