Find extra sources of income [Photo/Kenyans.co.ke].
One of your New Year resolutions is probably fighting your financial woes. However, overcoming poverty is no walk in the park. There are different things you must do in order to realize your financial goals. Here are four ways to overcome personal poverty in 2018.
1. Find extra sources of income
A single source of income is not enough to rescue you from abject poverty. You need to create extra sources of income in order to rise to the occasion. For instance, it can be a wise idea to open a small business in town to add extra income to your account.
2. Save and invest You must start saving right away. Many people keep asking us when they should start saving. Well, it is advisable to start saving right now. Once you have saved enough then it can be a good idea to invest in a profitable venture.
3. Live below your means Do not expect to become wealthy if at all you are not going to live below your means. You must make sure that your expenditure is below your income level.
4. Pay your loans in good time Defaulting your loan payment can cause you more harm than good. You need to find ways of paying your loans in time. Servicing loans in time will increase your chances of getting better deals.