10 things everyone should know about money

Crue Invest (Pty) Ltd

As with everything in the Information Age, managing one’s finances has become seemingly more complex over the years. In our ten years’ experience of financial planning, here are ten things we believe everyone should know about money:

1. Know where your money is going

Although preparing a budget is a relatively easy exercise, deciphering exactly where one’s money is going can be a somewhat more challenging task. The complexities created by credit card agreements, cell phone contracts, data bundles, insurance policies, bank accounts and rewards programmes have made tracking our expenditure at times unfathomable, especially when running debit orders off one’s bank account. As time-consuming as it may be, it pays to set aside time to peruse your accounts and statements with a view to understanding exactly where your hard-earned cash is being channeled.

2. Protect your greatest asset

From the time you first begin working, your greatest asset is…

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There Are Only Two Ways to Improve Your Cash Flow

Unexploited Finances

You want more money.

You want to increase your monthly income.

You want to be cash flow positive.

Maybe it’s to pay off your debt (or stop going into debt). Maybe it’s to make a substantial donation to a charity. Or maybe it’s to travel South America for a year.

So, you read books on making money. You read blogs for the secret access to money. You look for the tip that will make you the most money. You study, study, study. You become an expert on finances. You start spouting all of the potential ways to get rich. But you still haven’t added any dollars to your pocket.

I’ll save you some time…and hopefully get your cash flow to a positive state.

If you really want to improve your cash flow, there are only two ways to do it.

• Earn more money.
• Spend less money.

Two ways – that’s it.

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