COLUMN:Manage your money and a live happier life

2017-01-12 06:01
OPinion Ntlahla Nkukwana

OPinion Ntlahla Nkukwana

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Managing our personal finances is a challenge that we all face.

Mostly because of the habits that we develop overtime because of a lack of money management skills and the advice that we get from people who are not financially literate, like our parents or friends. A person can start with R15 000 a month as a salary but after one or two years that person’s expenses are equal to his/her salary. This is the reason why you find that most people are broke after five days of receiving their salaries.

When people find themselves in this type of situations they always think that earning more money might be the only solution to their problems, which is not the case because if you failed at managing your finances when you were earning R15 000 even when you earn R30 000 your old habits will follow you. More money will not solve your problems it will just create a bigger hole for you because what most people know is that money is for spending, the more money they earn, there more they look for ways to spend all that money. This is why most people find themselves in more debts when they earn more money compared to when they earned less money. Some even feel like it was better when they earned less money, for they are financially worse off now than they were before.

You can be a genius and still be a poor money manager. School alone will not guarantee you financial freedom and wealth because the only thing they teach us at school is how to be good at our professions. They only teach us how to be great workers but they fail at teaching us on how to manage and invest the money that we are going to be earning in a way that will create wealth for ourselves. Statistics shows that the more a family is educated about financial literacy and investing, the more their finances improve, which is why I have dedicated my life to helping people to be financial literate and to invest. You can reach me on my email: NkukwanaNtlahla3@gmail.com or on Facebook : Ntlahla Burner Nkukwana.

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