It is a known fact that a substantial percentage of Liberian Graduates and undergraduates are Unemployed, and from the few that do have jobs, many of them are
underemployed and payed stipends that barely see them through to the end
of the month. Here are 10 ways you can maximize your low income.
1. "Cut your cloth according to your size". Acknowledge the fact that
you earn a low income, don't spend above your means. Minimize your
spending as much as possible. Bare in mind that your current status is
only for a while, you will blow eventually.
2.
Try as much as possible to ensure you do not spend too much on
transportation. Transportation as we all know takes up a great chunk of
ones earnings most of the time. If possible find someone who owns a car
and plies your office route, and tag along with them. You have to be
jovial, and make them like you, so that you wont be a burden, but rather
good company.
3. If you are ever going to break out of your
tight financial situation, and not be the type of person who lives from
hand to mouth, you need to develop a culture of saving, yes! you need to
save. No matter how little, you can make up your mind to save between
10 and 20 percent of your earnings. In the event that you lose your job,
or an emergency comes up, you will have something to fall back on.
4.
Pay your Tithe and Give cheerfully. The saying "Givers Never Lack" is
one of the most accurate sayings ever. Try it and you will be surprised,
it works like magic!
5.
Dedicate a Fraction of your stipends to self development. Your chances
of getting a better paying job will definitely increase if you have more
skills, certifications, etc.
6. Check your Relationships!! Guys,
is your girlfriend milking you dry? Girls, is your boyfriend feeding on you continuously? The hard truth is that if you are going to move ahead,
you need to cut off those that are constantly pulling you back. If they
truly cared about you, they wont keep demanding, knowing fully well you
don't earn that much.
7. Stop The Children before Marriage thing. Ladies and Gentlemen,stop having children by different mothers/fathers before marriage. As a low income earners it doesn't help your situation in anyway! it rather brings you down financially and morally. If you take your time to get settled,choose a determined woman/man to make your better half,both of you can work hard and manage the little income received to give your children a better life. It relieves of the stress associated with financial burden.
8. Stop Visiting Beer Parlors ! Every evening on my way from work,i see so many cars packed at various joints. Men and women drinking beer and others. I always wonder,how much are they making that they have chosen to make it habit to visit the bar every evening? Erase the mentality that such men are big men. To me,they are brokers! Calculate how much you spend at the bar every day by a month and think if u had saved such amount,what useful project can it cover.
Lastly,spend on what you need instead of what you want!!! These are the wheels you need to drive to get to success land.
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