Evaluate Yourself With These Financial Terms

Some Evaluations Of Financial Terms

1. Cash Flow - Money you bring in

2. Expenses - Money you spend

3. Assets - Something that pays you

4. Liabilities - Something that costs you

When you look at this, it should get you thinking. Many times we complain and say we are not where we want to be because so and so did not help me or my relative did not do this for me, As much as we are meant to be helped in life there are certain principles that are universal and the onus is on someone to learn and apply them in their lives. There people who have grown up in alot of money and still squandered it because they do not have the discipline to manage and be good stewards.

Start evaluating yourself and ask what brings in money, list them down, start asking yourself what takes away money and make a spending plan to know where you money goes. 

Start asking yourself what pays - it could be an asset that brings in passive income, it could be a business, skill, side job etc but its lying dormant because you are still waiting for the right time and right opportunity, the right time and opportunity plays into the hands of those that are ready and prepared and have been doing something.

Start asking yourself what really costs me, you could be having 5 cars and yet you only use one, 4 fridges and yet one or two can work and that increases on your bill, 3 washing machines etc.

Do an EVALUATION and write down inline with those 4 things - it could be an eye opener to you.

Proverbs 21:20 says, "There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up."