With the rise of girl power in Africa, being a 20 something, especially a female can be a bit, sorry, a lot frustrating, from trying to break the mould society has fit her into to wanting to be her own financially independent woman. However, it is one thing to talk the talk and another to walk the walk. So here are a few slay tricks to set you on the path from mere wishful thinking to be well on your way towards Boss chick status.
1. BE DISCIPLINED
Discipline is one word that can ’t be stressed enough and it goes hand in hand with success. You want to be self-sufficient before your 30s? You have to work hard towards it. What are your long term goals and short term goals? Lay down a plan that will help you achieve said goals – and stick to it! There is a huge gap between wanting to be financially independent and actually being financially independent and that is discipline.
2. DELAY GRATIFICATION
Everything is available to you if you can afford it and it is easy to lose your head to the high that comes with instant gratification. Resist the urge to buy anything and everything in order to keep up with standards, even at the expense of taking a hit in your finances. It isn’t worth staying relevant when you are still working towards complete financial independence.
3. BE A PRO AT THE BUDGETING GAME
Stop juggling with your life and transfer that particular set of skills to your finances. Be on top of your money game – master the art of budgeting. Account for your source of income, your expenses and your surplus. Divide your income to cater for your expenses and save up your surplus. You can even go pro, by reducing your spending budget and increasing your savings budget. You are, after all, playing for the big win.
4. HAVE THE FORESIGHT OF AN EAGLE
Life has a way of hitting below the belt especially when you least expect it so you must be prepared. Set aside emergency funds or savings you can fall back on should the unexpected happen. This way you don’t feel the full impact of when life happens and you aren’t completely knocked of your feet.
5. RESEARCH LIKE A WIZ
To be financially independent you need to make investments. However, you have to be careful what you invest in. Never invest in anything you don’t completely understand. Ask questions, do your research. Make sure you know what you are getting yourself into. More importantly invest in yourself, in your strengths, educate yourself on managing your money. You are your best investment.
So to be on top of your money game:
- Discipline, discipline, discipline. Make sacrifices today so you could reap the huge benefits tomorrow.
- Account for every pesewa (little coins) of your money and how it is spent and be prepared for any eventualities that may happen.
- Do your research and don’t be afraid to ask questions especially where your money is concerned.
Being financially independent doesn’t happen overnight and you’re bound to hit some bumps on the way but it is all part of the learning process. Don’t get frustrated. Keep grinding till you make it.
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