Smart Money Challenge With Tosin Dada

Day 3:
Write down 3 Short Term Money Goals
Your Financial Task today is to write down 3 short -term money goals. 

Three goals you would like to achieve in the
next 90 days.

Write down 10 short-term Money goals you would like to achieve in the next 90 days to one year.
Identify the three most important short term money goals on that list and focus on them first.They probably all seem important but which top three would make the biggest impact in your life within the next 90 days -1 year.

Write down 10 action steps for each goal, 10 things you need to do to help you achieve each goal.

Work towards achieving it.

  
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Money With Arese, All rights reserved.


Did you know, we give great gift ideas and can deliver gifts to your mom, your crush and your wife- All on the same DAY!


MARISA MIRANDA ...... The Gift Connoisseur
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Smart Money Challenge with Tosin Dada

Day 2: Calculate Your Net Worth

Today is Week 1: Day 2  Smart Money 30 challenge.

Financial task: Calculate your Net worth
Your Financial Task today is to calculate your Net worth. Take stock of your assets and liabilities. Assets are any resources you have of value and liabilities are basically what you owe. Your Net worth is your total Assets minus your total liabilities.

Why is this important?
We often make the mistake of measuring our financial success based on how much we earn as opposed to how much we are able
to keep. When we discuss wealthy people like Dangote, we talk about their net worth but when we talk about our own level of financial success, we talk about how much we are able to spend.
As a society we measure financial success based on a person’s spending patterns …‘Soji is a big boy he drives a range’, ‘Nneka is a big girl she travels to Dubai and carries designer bags’. However, our metrics are faulty. The true measure of sustainable wealth is how much of our income we are able to convert to assets that can provide us with an income. Building wealth is more about how much you keep, not about how much you spend. If you make N100m and you spend N100m, what you have left is zero.
Ideally, the goal is to get to a point where the assets you’ve accumulated can pay you enough of an income to pay for your lifestyle. For example, rental income from a property you own can buy you a car or a holiday to the South of France. Or the dividend checks from your stock portfolio.

How to rock this task.
Make a list of everything you own of value.( Stocks, Property, land, fixed deposits, cash, gold).
Make a list of everything you owe. (Mortgage, car loan, general ‘gbese’)
Subtract your total assets from your total liabilities. Don’t be ashamed or afraid of the number.
Calculating your net worth now will let you know your starting point.
The figure is not as important as the trends in network…. As long as you make a commitment to keep growing it, you’ll be fine.
Another useful tool for this challenge is The smart money journal. There's a section to calculate your net worth. The journal can serve as a workbook for the 30- day challenge. (It's not compulsory but its
helpful)


Copyright © 2016 Smart
Money With Arese, All rights reserved.

Did you know, we give great gift ideas and can deliver gifts to your mom, your crush, your wife - All on the same DAY!

MARISA MIRANDA ...... The Gift Connoisseur
09083357421-3, 08028267160, 012904410
Instagram - @marisamirandang

Smart Money Challenge with Tosin Dada

Day 1: 

Today is week 1: Day 1 of the Smart Money 30 Day Challenge.

Be Legendary! Create a Vision statement

Financial task: Create a Vision statement. Your Financial Task today is to articulate your vision statement, write it down (50-100 words) and share it.

Why is this important?

We get so bogged down with the reality of our everyday lives, bills, bills and more bills that we forget to focus on the vision. For most people the vision is foggy, which is why their limited resources are allocated inappropriately and their money gets pulled in every direction except their goals! To begin the journey to financial fitness you need to get clear on what your vision is. 

Your vision statement helps you create a summary of your  life’s narrative. It is a way of articulating who you are,who you want to become, the value you want to create and the impact you would like to have.

Be legendary!!!

In writing your vision statement think about what your legacy is going to be. Answering these questions will guide you in creating your vision statement.

What is your purpose? (What were you put on this  earth for?)

What are you passionate about?

What are your values?

What can you use your skill set to

 create?

How do you plan to impact the world?

Here’s one of my favorite vision statements…

“To use my gifts of intelligence, Charisma and serial optimism to cultivate the self- worth and net worth of women

 Founder, dailyworth.com.

Another useful tool for this challenge is the smart money journal. There’s a section to write down your vision statement. The journal can serve as a workbook for the 30- day challenge. (Its not compulsory but its helpful)