***INVESTING***

This one refers to long term “savings” that you'll need returns from normally in the next 5 years or more. When u invest u buy assets with the hope that ur Capital invested will grow & bring u good returns in the form of dividends &/ generate more income for u There are many different affordable ways to invest your money, the only trick with investing is that you need to conduct a proper research beforehand and always stay up-to-date with both internal and external factors that might have a direct impact on your investment.

SAVINGS vs INVESTMENTS

Its important to know the difference btwn these two & b4 we dive in its worth mentioning that its always ideal to pay off all your unsecured debts b4 investing & to ensure that you're insured for everything that you're not willing to lose incl your life SAVINGS (short term < 5 years)-Its putting away money that you know you'll need in the near future to achieve a certain SMART* Goal. Good news is that from the comfort of your own home you can now open your different Savings/Goals accounts & link them into your main Bank account.

I turned 30 on the 28th of Feb and this year I decided to celebrate my Birthday differently. Here are the 30 financial ideas I learnt along the way that shaped and continue to shape my life as I journey for my Financial Freedom. A thread

#FinancialHealth2020
#FinancialFreedom 1. BUDGET! BUDGET!
This is the best way to keep track of your CashFlows. Technology has made life easy: you can find it in most Financial Apps or Google the template & create one for yourself. Always remember that you spend what is left after Savings, not the other way round