MAGNIFY Magazine | How to increase your income, learn to invest and make a difference
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MAGNIFY Masterclass

How to increase your income, learn to invest and make a difference

Our next #MAGMasterclass ‘How to increase your income, learn to invest and make a difference’ is taking place on Monday 19th June at the Century Club. Tickets are £15 and can be purchased here.

 

How much do you earn?

Let me guess, you have never shared this information with anyone but your bank….?

Why is that?

Why is it, that money isn’t something we like to talk about unless we’re making a tonne of it?

What is with all the hush, hush?

 

While of course money isn’t the most important thing in the world and our meaning and value isn’t defined by what we have, the reality is, that to do what we need to, and make a difference to causes we care about, money is very important.

When we don’t have money or don’t know to manage what we have, it can leave us feeling stressed and frustrated. A feeling I am sure a lot of us can relate to, at one point in our lives.

And as a generation of women, it’s important that we understand how to spend wisely, know how/where to invest and how to support things we care about with our financial resources.

Because the key to money management—and happiness—is being satisfied. It’s not how much you have that makes you happy or unhappy, but how much you want. If you want less, you’ll be happy with less. This isn’t a psychological game or new age mumbo-jumbo, it’s fact: The lower your expectations, the easier they are to fulfil—and the happier you’ll be.

That’s not to say you should lead an aimless life of poverty; quite the opposite, in fact. But a lot of us confuse the means with the ends. We chase after money and “stuff” in an attempt to feel fulfilled, but our choices can be impulsive and random. Our “retail therapy” doesn’t address the root cause of our unhappiness: We sometimes lack goals and an underlying value system to help guide our decisions.

 

3 key steps:

  1. Learn to say yes by deciding on your “yes – The clearer you are about what you want to do in the short and long term, the easier it is to make spending choices that you’ll be happy with when you look back at them.
  2. Plan for spontaneity – A good solution to this is to build in money that is purely for spontaneous spending. If you know there’s money in your budget that is there for the sole purpose of spending it, it protects the money that you’re saving into other accounts by providing an outlet for a spur-of-the-moment decision.
  3. Understand your cash flow – If you want more money to save for the future or to spend now, you have to understand your current spending patterns and habits to get there.

Our next masterclass will show us how to make the most of our money and how we can use it to make a difference to issues we care about.

Tickets are £15 and can be purchased here and it will be taking place at our new venue – the prestigious Century Club in central London. Don’t forget to invite a  friend too.

WORDS BY Linda Ayoola