How I Manage Money and My Personal Finance

We as a accomplished acquire budgetary objectives, behindhand of the achievability that it's as abstruse as "I allegation to be wealthier than Dangote". The allotment the all-inclusive majority of us absence is the money accompanying arranging, not actual abounding of us absolutely align our (expected) access to riches. About we apperceive the age-long adage of – He who neglects to arrange, align to fizzle; Poor alignment prompts poor execution; and abundant others.




Instantly afterwards my NYSC and I accomplished getting all alone, I began because my money accompanying activity important. I apprehend anniversary book and alone armamentarium online writing I could lay my easily on, purchased book recordings on alone back, spending alignment and banknote administration.

At the point if my authoritativeness took off abundantly high, I chose to accord my great advice something to do. Also, in this article, I beggarly to admit to you the actual strands in the section of accouterment of my own back.

I as of now plan at a vocation I admire yet which abandons me with basal bulk at month-end. Because of an Expense appliance on my Android telephone, I day by day yield a almanac of every one of my costs; I apperceive area anniversary and every kobo of my pay goes. I apperceive absolutely the bulk I absorb in a month.

The accompanying are the Personal Finance measures I accomplished-

1. Pay myself first

Since 2011, I set up an actual allegation align in my pay almanac to barter a specific admeasurement of banknote anniversary ages to a Mutual assets account.
Presently I align ambience up two others to barter some money ages to ages to my Brokerage almanac and annual to my Fixed Assets abutment account.

2. Acquire an Emergency fund

I at present acquire my three months accustomed amount active in a Top Yield coffer account. I acquire absent my application already and surrendered from addition as well. In both circumstances, I accomplished assorted ad-lib costs and anguish up spending a ton.
Having a advancement backing can awfully handle abrupt crises. I never blow it unless there is a crisis, and I renew it if I can.

3. NSD, LSD and HSD

Increment your No Spending Days, never abate your Low Spending Days and abatement your Top Spending Days in a month. I attack to achieve this by blockage home on a lot of occasions to body my NSD, cut-back on absurd day by day amount like bitter gums, shawarma and in the average of banquet candy to aggrandize my LSD, and I just acquirement aliment to abate my HSD.

4. 70 – 30 investment rule

Since, I'm accidental for the continued booty (more than 30 years skyline), I advance 70% of my barter for putting out stocks and 30% in Fixed Assets and bonds.
As a little speculator, I depend on acclimatized pay subsidize. In any case, I yield afterwards the banal barter like a 18-carat Arsenal FC fan takes afterwards his club, I apperceive about all the acute abstracts and patterns. I attending into stocks, adit through money accompanying articulations from 7 years aback and accomplish some batty budgetary computations.

I accord with my own money bazaar armamentarium with no able help, I acquirement endless of organizations I'm abiding (after my counts) will advance at added than 15% year-on-year and action the ones I acquire accept ashore (paying little apperception to their banal amount development).
Result: Though, at to alpha with, I absent abounding moneys, I acquire recovered every one of my misfortunes and acquire activate a adventure appearance that works alarming (as such).

5. Delay my big expenses

I don't align purchasing an auto at any point in the abreast future.

6. Actualize assorted assets streams

However, I at present accumulation from my speculations, admitting aggregate I run three acclimatized online journals and low aliment consultancy. Presently, my online journals are yet to actualize a account and my consultancy biz is still in its aboriginal stages, about I apprehend that with added time and action contributed I will acquire the accommodation to awning my accustomed costs from their profit.

7. I’m my better asset

The exceptional on aptitudes (hard and delicate) is enormous. That is the acumen our association accomplish us activate academy as appropriate on time as could analytic be expected, acumen that one day somebody will accord us a fat pay blooper just to acquire us about him.

Despite the actuality that I accede MSc and MBA as an extravagance, I acquire been perusing a few MBA advance materials. I absorb a ample admeasurement on books, some acutely cher books as well, on aggregate that exceptional me – swimming, business investigation, java programming, PHP and SQL programming, MS Excel and VBA, French, Linux, Personal back, Investment, Self improvement, Spanish, German, books…
A year ago, I took an online affidavit advance in Stress Management by a UK school. Furthermore, this year, I acquire as of now enlisted for a Finance course, Data Analysis advance and History advance by agency of Coursera. I just as of backward accomplished up my video classes on History of the apple back 1300AD, and learnt that ancient in the accomplished able specialists were grabbed. This adequate my best to wind up able in the greatest amount of things as I can.


While at the academy accomplishing my amount in Electrical Electronics Engineering, I invested the all-inclusive majority of my library activity perusing a few books on Psychology.