Kenyon Ndezi
  • Home
  • Discover
  • Finance
    • Business
    • Banking
    • Invest
  • Lifestyle
    • Travel
    • Food
  • Blogging
    • SEO
    • Troubleshoot
    • Themes
    • Plugins
    • WordPress Tips
featured
  • Chess game.
    The Ultimate Amazon Affiliate Strategy to Maximize Sales
    • March 13, 2023
  • Ezoic Review: Better Than I Imagined – Integration, Revenue and Performance Insights
    • September 18, 2023
  • Tips for Saving Money on Your Next Vacation
    • April 17, 2023
  • How To Hide Widgets On Specific Posts And Pages In A WordPress Site.
    • August 24, 2021
  • Beer Money Guide For Canadians: Make An Extra $100 A Day
    • January 3, 2022
Kenyon Ndezi
  • Home
  • Discover
  • Finance
    • Business
    • Banking
    • Invest
  • Lifestyle
    • Travel
    • Food
  • Blogging
    • SEO
    • Troubleshoot
    • Themes
    • Plugins
    • WordPress Tips
Home Posts You’re On Your Last Dollar – Now What?
  • Finance

You’re On Your Last Dollar – Now What?

  • October 8, 2020
  • Kenyon Ndezi
Total
0
Shares
0
0
0

So you spent your last cheque, and now you’re broke. You don’t have savings or an emergency fund, and this is a trend you can’t stop. Regardless of your situation, these simple tips will help you grow financially.

Save! Save! Save!

Saving is a crucial skill that everyone has to practice. All it takes is a bit of planning and patience. It’s important to be realistic with what you set aside. Budget expenses carefully, and always set aside a percentage of your earnings to pay yourself.
No matter how hard it is to resist going out every Friday for a $100 meal, take time and budget that money to your savings. The best way to tell that you are on the right track is to save 3-4 months of your total accommodation (rent, food, transport, leisure, bills) as an emergency fund. This will enable you to live stress-free knowing that if something happens, you can recover.

Invest your money

I can’t stretch how important it is to invest. There are many tools available at your disposal. The best way to get started with investing is to take your time and learn. The internet has a lot of information on how to start. There are countless apps and brokerage companies that allow you to invest, such as Wealthsimple, Questrade, and other major financial institutions.
When you start investing, have the goal to invest in the long-term. As compelling as day trading is, the stocks are highly volatile and risky. The best way to invest, especially for beginners, is to play it safe by buying reputable stocks from well-respected companies such as Apple, Bell, Facebook, and many mutual funds. Seek advice from a certified financial advisor to build a diversified portfolio. (Note: You don’t need a financial advisor to start investing, the internet has all the tools you need.)
It’s never been easier to invest, especially with Fintech companies like Wealthsimple and Robinhood. All you have to do is sign up and deposit money. There is no minimum balance required so there is no excuse.

Just budget

At the end of the day, you just have to budget. The Yolo life is fun but it isn’t feasible. A lot of successful people will tell you that being rich is a choice. And it’s a choice you’re going to have to make.

Sacrifice

Cut down on costs. Things that you don’t need or are unnecessary, such as multiple subscriptions of the same type of service. For example, paying for Spotify and Apple music at the same time. You’ll be surprised by how much you save.

keep it 100

Be true to yourself and live by your means. Don’t feel pressured to do things that you can’t afford just to look rich. Whether it’s for Instagram or for show, your future self will thank you if you keep it 100 in the present.

Aim high and work hard. And remember. Every dollar counts!

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Kenyon Ndezi

Kenyon Ndezi is a recent graduate, writer, creator of vividbay.com, and the owner of Neonbuild.com, which is a company focused on building apps for small businesses and individuals. Follow along and get inspired!

You May Also Like
View Post
  • Business

Micro-Business Boom: How Gen Z Is Turning Side Hustles into Six-Figure Empires

  • Kenyon Ndezi
  • May 14, 2025
View Post
  • Business
  • Travel

Airbnb is Surprisingly Lucrative in Tanzania: Here’s How to Tap Into It

  • Kenyon Ndezi
  • May 13, 2025
View Post
  • Business

Conquer That Interview: Your Guide to Ace Your Next Opportunity

  • Kenyon Ndezi
  • February 2, 2024
View Post
  • Finance

Walmart Rewards Mastercard – A Shopper’s Dream

  • Kenyon Ndezi
  • July 25, 2023
View Post
  • Banking

How to Check Your Credit Score for Free in Canada: Credit Karma and Borrowell

  • Kenyon Ndezi
  • July 23, 2023
View Post
  • Finance

Tanzania’s Economic Marvel: The Secret to its Consistently Low Inflation Amidst Global Turmoil

  • Kenyon Ndezi
  • June 19, 2023
View Post
  • Business

The Thriving Tech Scene in Newfoundland: Discover the Best Companies to Work For

  • Kenyon Ndezi
  • June 3, 2023
View Post
  • Finance

The Best Travel Hacks for Saving Money on Flights and Accommodation

  • Kenyon Ndezi
  • April 17, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Featured
  • Shared Hosting Vs VPS Hosting Vs Dedicated Server
    • September 5, 2021
  • Downtown St. John's Newfoundland, Aerial view.
    St. John’s Newfoundland: An Unwalkable City? Exploring the Challenges of Pedestrian Mobility
    • April 11, 2023
  • Be Forward Buyers Guide: How To Buy and Import a Car to Tanzania, Africa
    • March 10, 2023
  • Wealthsimple invest
    Wealthsimple Invest Review: Anyone Can Invest In Autopilot!
    • June 30, 2021
  • Walmart Rewards Mastercard – A Shopper’s Dream
    • July 25, 2023
Latest
  • New to Canada and Unsure About Your Career? Here Are Two Industries You Can Break Into With Just a High School Education
    • May 21, 2025
  • Micro-Business Boom: How Gen Z Is Turning Side Hustles into Six-Figure Empires
    • May 14, 2025
  • Airbnb is Surprisingly Lucrative in Tanzania: Here’s How to Tap Into It
    • May 13, 2025
  • Conquer That Interview: Your Guide to Ace Your Next Opportunity
    • February 2, 2024
  • Why I usually finish my Google searches with Reddit
    • February 1, 2024
Categories
Banking
11 Posts
View Posts
Blogging
5 Posts
View Posts
Business
12 Posts
View Posts
Finance
15 Posts
View Posts
Food
3 Posts
View Posts
Invest
14 Posts
View Posts
Lifestyle
9 Posts
View Posts
Travel
16 Posts
View Posts
Wordpress Tips
5 Posts
View Posts
You Might Like
  • 1
    Wise Review: Multiple Currencies, One Bank Account
    • November 22, 2021
  • Chess game. 2
    The Ultimate Amazon Affiliate Strategy to Maximize Sales
    • March 13, 2023
  • 3
    How to Speed Up Your WordPress Site: A Comprehensive Guide for 2023
    • March 18, 2023
  • 4
    The Top Travel Apps You Need for Your Next Trip
    • April 16, 2023
  • 5
    Why You Should Avoid Buying Traffic and Backlinks from Fiverr
    • September 14, 2023
SUBSCRIBE TO OUR NEWSLETTER
Kenyon Ndezi
  • Contact
  • About
  • Privacy Policy
Business & Lifestyle

Input your search keywords and press Enter.