haha kungorongeka nhaika, kwanzi vakangwara havana nhamo. Thanks for the advice Simba. Its got me thinking...
On Wed, Oct 20, 2010 at 11:45 AM, simbarashe wekwete <[email protected]>wrote: > Yesterday we talked about the first step which is Tithing which is te > first 10% of your income. > > today we shall go through steps 2 and 3 coz they are almost similar but > unique. > > Step 2 : Save - Long Term Investment (10%) > > The moment we talk about saving the first thought that comes to one's > mind is i do not have enough. my question to you is who has enough to > save? > A long term investment is something that last for over 1 year. So the > principle here is putting money aside with the intetion of not using > until within the next year and/ or with the intetion of buying > something that you can use for more than a year. > We are all young and need a lot to start our own homes. it is a fact > that you can not have all you want at once so how do you then do it? > Examples i can give of meaningful things to save for are your > education, your wedding, a car, a house, furniture, kids school fees, > a holiday at the end of the year etc. > You might ask but how long do i save to buy a house? true it takes a > lifetime but the idea here is to develop a habit of saving for the > future. I will give an example of a building society that is giving > mortgadges to buy houses but you need to pay a certain amount upfront. > Many people applied but very few had the upfront fee. If u have money > set aside, u will be getting your mortgadge to buy a property. > Ask yourself what do you want to have in your house, how much does it > cost and start putting money aside for it. > > Step : 3 Save - For Emergencies (10%) > > examples of emergencies include sickness, death in the family, theft / > break in at the house etc. > We all have urgent needs that just pop up here and there and what a > better way to deal with these. > The good thing about saving for an emergency is that when it does not > occur, you still have your cash and you can use it to buy something. > In finance we call this self Insurance. it like getting an insurance > policy. the only difference here is that u manage your own funds and > when there is no emergency, you have all your money. > > Step 2 and 3 are very difficult but once you begin saving, you will > begin to see yourself at another level. it is easier to save and buy > your TV, than to get it on credit and pay the cash price plus > interest. It is easier to help at a relative's funeral from your own > resources, than to borrow and pay back from your income. > > the easier way to do this is just simply leave the money in a bank > account. You can go a step further and open a savings or investment > account that earns a bit of interest over time. You can even set up a > fund as a group and invest a lumpsum of funds thus earning more > interest than you would get on your individual investment. there are > other ways of investing ad growing money and these can be discussed > later but right now we are dealing with the foundation which is > saving. > > Sometimes people think you are wealthy when they see your Plasma TV > but kungorongeka so. > > Step 4 is coming tomorrow and it gets hotter. > > -- > You received this message because you are subscribed to the Google Groups > "tribewithavibe" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]<tribewithavibe%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/tribewithavibe?hl=en. > > -- ....Loving God includes loving people. You`ve got to love both. 1 John 4:21 (MSG) -- You received this message because you are subscribed to the Google Groups "tribewithavibe" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/tribewithavibe?hl=en.
