Entrepreneurs! Don’t ignore money

Whoever quoted “ignorance is bliss” was really an ignorant man; ignorance is painful and derailing. I’m not sure how anyone can find bliss from something so tragic. If you drive a vehicle and you don’t know the condition of the vehicle, you die. Because of ignorance, people have died from illnesses they could have avoided. Ignorance is harmful and dangerous. Ignorance cannot be an excuse for failing to live a meaningful life. There is so much news available these days in all fields of life, it is even called ‘the information age’ and most of it is free. Anything you want to do has already been achieved by someone else and shared their experiences (TED…) and clues on how to go about doing it on social media, books, magazines, and documentaries. So ignorance is a mere choice. But you have made your choice against ignorance because you are reading this article, so definitely being an ignorant is not your problem.

Living beyond your means can quickly add up to your debts and it can get very hard to get rid of debt  as time passes.

Is money really important?

The role of money in accomplishing worthy goals is essential. Money is at the nucleus of all possibilities in our lives especially in achieving worthy dreams. Without funds your whole purpose journey becomes a stressful debt journey or a rat race for life. Lack of it can halt your dreams, frustrate your plans and even discourage you to quit putting efforts. You simply don’t want to be in a road where you don’t have money. Even during this coronavirus outbreak, people with money are surviving. Big companies close down and forfeit good visions due to lack of money. However, you cannot be in lack if you organise your financial skills and organise your knowledge of money. Debt problems, lack of money and cash flow crises can ruin your success in all areas of life. They can destroy your dreams, spoil your marriage, even frustrate your relationships. People with better understanding of how money works are better prepared and able to avoid cash flow issues even during pandemic. People with poor understanding of money are forced to spend best years of their lives in the rat-race, working hard for money, living from hand to mouth, facing debts, trying hard to make a living instead of pursuing their dreams. Not having money is a result of bad planning and ignoring the four key laws of money:

  1. Living below your means or income
  2. Tithing (Give 10 percent of earnings to charitable means).
  3. Saving at least 10 percent of your earnings.
  4. Giving money as seed, expecting returns (Law of seed and harvest).

When these money laws are ignored, there is no doubt that sooner or later one will find themselves in a financial ditch, unable to live a bigger life.

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