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Funding a business
Person finance planning (must read).
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[QUOTE="Kennysplash, post: 73047, member: 26385"] There are three types of financial status. 1. Vicious cycle of poverty. This involves I . low income earnings Ii. low savings or no savings iii. low standards of living Iv. limited opportunities for next of kin. 2. Financially unstable. This involves i. Living beyond means ii. Poor management of personal finances iii. Low savings iv. No assets and capital accumulation 3. Financially stable. This involves i. Having a plan for obtaining financial resources ii. Planning and management of personal finances iii. Investing earned resources iv. Having full control of financial future Levels levels of financial status i. Emergency situation. Expenses exceed income ii. Bad situation expenses equal income iii. Good situation. Expenses below salary income iv. Financially independent. Expenses below asset income. Use this to analyze where you fall and take the needed steps to improve. [/QUOTE]
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