Focus more on GROWING YOUR INCOME rather than SPENDING.

Today’s blog is very dear to my heart. Growing up as a little boy somewhere in Ashanti region, Ghana, all that I was taught about income was, to get a job, and your income would be taken care of; a high paying one of course. In addition, I was also taught how to spend money. My society taught me to spend the income I earn from a job, and also save some extra for future spending. This is the kind of knowledge our society have been teaching us for all these years. It’s high time we changed it.

So, If you had the same dogma being taught to you just like I was, then sit back, relax and digest every piece of today’s message.


Three things are going to be discussed, they are: income, savings and expenses.
Let’s start off with income. This is the money you earn after working on something. Income could be earned from a job, business, investment and shows or concerts. Income is a vital section of our financial life. Without it you can’t even buy food, neither can you provide shelter for your family nor pay the bills. It’s that important! As individuals (man or woman), it’s our obligation to have an income or more. If you’re uncertain about the kind of income source to go for, check out this article.

Next up, let’s talk about savings. It is just as important as income. Saving means the act of setting money aside for future use. Obviously savings is a surplus of you earned income. Your savings can be used for three basic things (i.e. from my analysis). It could be used to start a business, to make an investment or to cater for expenses (just like how society wants us to use it). There is nothing bad about using savings for expenses (if you’re using a portion of it). The big problem comes into play when your entire savings is used for expenses. That leads you to poverty.

Expenses will be the last to talk about. It is equally important as both income and savings; though there are some exceptions. We will come to the exceptions shortly. The good expenses are the ones that add value to your life (contributes to your wellbeing). Let’s have some examples here; water bills, rent, electricity bills, taxes, medical bills, academic bills and mortgages are all included in the necessary expenses. Now, here are the exceptions: impulse buying and credit card debts.

To end today’s conversation, I urge you to start finding multiple sources of income, save your money with the intention of investing it or building a business with it and finally, make sure your expenses doesn’t exceed your income.

Thank You!

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