To Be A Better Man Financially, You Must Read This Now

If you want to learn how to be a better man financially, read this post to the end.

In my opinion, three things make a man standout; his level of education,  God’s grace, and the size of his pocket. If we take away the first two out of the picture, we’re left with a man’s finances. 

Truth is, every man wants to be rich. Well, not every man, but most men want to be rich.   Wait! Who doesn’t want to be rich? Raise your hand up! Looks around… No one.  🙄 

The truth about this desire is that being rich is a task, but staying rich is a full-time work – that’s why Mark still works even though he owns Facebook.

People get rich on a daily basis but the money vanishes as soon as it comes because they don’t know the rules of money.

For instance, if you give a twenty-nine-year-old guy without financial knowledge a hundred thousand dollars, he’ll spend it on clothes, a car, and in the club. Certainly, he’ll start living his life for Instagram.

In the lines below, I want to share with you the very financial tips that have made me become financially stable within the last two years. I’m not rich, but I’m financially stable, to say the least.

How to be a better man financially!

Step 1

You need to read these two books;

Rich Dad, Poor Dad by Robert Kiyosaki. I first laid my hands on a copy of this book in 2009 but I had barely read it when a friend borrowed it from me and never returned the book. I regretted giving it out then after I read it two years ago. 

The Richest Man In Babylon by George Clason. This book tells you the rules of money. It’s a real eye-opener. I’m not much of a reader, and I haven’t read all the books in my library. So let me not recommend any more books.

Step 2

Start doing the following…

1. If you’re a Christian, simply pay your tithe. A lot of people don’t pay tithe because of what some pastors do with the money. Well, it’s your choice. I choose to pay my tithe.
2. After paying your tithe, you’re left with 90% of your income. Take out another 10% from it and set the 10% aside as tithe to yourself. You’ll be needing this money. You now have 80% left at your disposal. This is the save before spending rule which the likes of Warren Buffet advocates.
3. Draw up a list of things you need, not things you want. Remember, we were taught the difference between needs and wants. The two are different.
4. Based on this list, make a budget. This is how you intend to spend your remaining 80%. Defer any items that can overshoot the budget beyond the money you have at hand.
5. Now, spend your 80% as you’ve budgeted. Don’t spend everything on your clothes. 
6. As you keep saving your 10% in step two, it keeps increasing. Don’t touch it. I personally use an account without an ATM card for this purpose. When the money is significantly large, it’s time to invest.
7. There are several things you can invest in. Look around your neighborhood and find a lack. For example, if there’s no barber shop in your neighborhood, you can establish one. It all boils down to how much you have saved from your 10%. Likewise, you can invest in cryptocurrency which is the in thing now. I know of two or three self-made millionaires who invested in Bitcoin in its early days. Be careful, else you may invest in fake currency.
8. Repeat the same process over and over again with the earnings you have from your investment in step 7. It’s only a matter of time before you become financially stable and well on your way to become rich.

To stay rich, you must learn to…

1. Avoid riotous living – incessant clubbing, reckless spending on items that depreciate e.g. cars. Instead, buy items that appreciate e.g. properties. Riotous living can destroy your finances before you know whats happening. Tyson spent recklessly, we know how he ended. 
2. Cut down on the number of women you hang out with especially the materialistic type. These ones can drain your pocket in one shopping spree and dump you the following day.
3. Roll with friends who share the same goals and have concrete plans to achieve it.
4. Stop living the Instagram lifestyle.
5. Spend time with loved ones. They can be a viable source of inspiration.
6. Explore other sources of income by discussing with business owners and partnering with them to solve their problems.
7. Repeat steps 1 – 6 over and over again.

I do hope someone has learned something new from this piece. When you apply these tips, people will want to know what you did that made you financially stable.