A Proven habit for financial freedom has it that most human adults have a job, a family, bills to pay, etc. This means that they are all financially vulnerable.
Because, they have one job. One single source of income. A single point of failure. If a single point of failure fails, an entire system stops working. That system is your family.
If you can’t provide for your family, what happens? If you get fired, or the company you work for collapses, what will you do?
Number 1 proven habit for defense is; Eliminate one income lifestyle. Create a multiple income streams.
Number 2 proven habit for defense is; Have redundancies. Save. Have an emergency fund in cash or liquid assets. Make it enough to sustain your current lifestyle for anywhere between 6 months to 2 years.
Number 3 proven habit for defense is; Have a plan. Have multiple plans. Plan A, B and C.
Live consciously with the mindset that things may either go well, or they may go wrong. It is impossible to build a shelter in the storm, but we can run to a shelter during a storm. Proven habits for financial freedom by Victorine Mbong Shu.
Victorine is in education and training since 2002. She is the CEO of Profounder Intelligence Management Services, Publisher, Editor, Researcher, Transformational Speaker, Mentor, Material Developer, Facilitator, Assessor, Moderator and TV Talk Show Host at Children Television South Africa (CTVSA). She is the owner of Profound Conference Centre in Bramley-JHB. Victorine and Dr. Fru are raising 4 bubbly children, including Africa’s youngest multiple award-winning author of chapter books, Stacey Fru. Victorine is a respectable Involved Parenting Conversationalist with a Master’s Degree in Communications. She is a BrandSA Ambassador and Awards Winning Author of the following books:
- ‘Stop Complaining! and Bring Back Involved Parenting,’
- ‘Trapped in our shadows,’
- ‘Proven habits for financial freedom,’
- ‘Not too late: Stop Complaining and Bring Back Involved Parenting.’