THE DELIGENCE OF BUSINESS-PART ONE
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The document defines key terms related to personal finance management and provides guidance. It discusses the importance of having a positive attitude, developing skills, and gaining knowledge. Specific financial terms are explained like income, expenses, savings, assets, and liabilities. The document recommends setting goals, assessing your financial situation, and managing resources. It provides tips for developing a budget and increasing income through prudent spending, consistent savings and investment, and seeking advice from experts.
THE DELIGENCE OF BUSINESS-PART ONE
- 1. Definition of the key words for a better understanding. Angela Uyi : http://daintyprettyangel.blogspot.com
- 2. Manage It is the process of doing something difficult or using Time / Information in a meaningful way to solve a problem. To succeed in buying the things you need to live even though you do not have much money These process can be seen as the ability to: Accomplish Achieve Cope Angela Uyi : http://daintyprettyangel.blogspot.com
- 3. Can been seen as; A valuable or tangible substance can be used to generate wealth or create a level of comfort and security to a person or people.eg; Capital Income Asset Funds Means Angela Uyi : http://daintyprettyangel.blogspot.com
- 5. key role which determines where we are coming from (INCOME/RESOURCES) the level we can reach (EXPENSES) how we end up: (SAVINGS & INVESTMENTS) Angela Uyi : http://daintyprettyangel.blogspot.com
- 6. Can simply be described as a process of deploying the available income / funds in an effective way to yield maximun result / output. Managing your finances to ensure your financial well-being =WEALTH Prov.10;15(b).the rich mans wealth is his strong city Angela Uyi : http://daintyprettyangel.blogspot.com
- 7. Attitude Skills Knowledge ATTITUDE: eg: 1sam18;14/ Psalms 101;2-8. The opinion and feeling you usually have about something. The way you behave towards something which could be positive or negative. Angela Uyi : http://daintyprettyangel.blogspot.com
- 8. SKILLS: Daniel 9: 21-22 Ability to do something well because of what you have learned or practiced. ` KNOWLEDGE: PROV.(22:3)(24:3-5),(14) The information you have gained through learning or observing. Angela Uyi : http://daintyprettyangel.blogspot.com
- 9. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Angela Uyi : http://daintyprettyangel.blogspot.com
- 10. A T T I T U D E 1 20 20 9 20 21 4 5 1+20+20+9+20+21+4+5 =100% Base on the above formula it is clearly stated that attitude is the only thing that is 100%. Positive-eg, DAVID, DANIEL, JOSEPH, JOSHUA ( EXCELLENT REPORT) -EPHESIANS 4:24-25. LUKE 3:10-14. Negative- JONAH,VASHTI, (ROM.1:25) Angela Uyi : http://daintyprettyangel.blogspot.com
- 11. H A R D W O R K 9 1 18 4 23 15 18 11 9+1+18+4+23+15+18+11= 99 Hard Work is good, but is less than 100. Angela Uyi : http://daintyprettyangel.blogspot.com
- 12. What is your own attitude? Hard Worker Lazy worker Positive Attitude Negative Attitude Your choice is determined by you and you alone. 2 Peter 3:13-14 The DRIVE for CHIOCE is DESIRE. RIGHT DESIRE = RIGHT DECISION FOR RIGHT LIVING.PROV.11:23.The desire of the righteous is doing good: Angela Uyi : http://daintyprettyangel.blogspot.com
- 13. Salary: The wages for Labour, PAYMENT ON SERVICE (good or bad) JOB 4:8- they that plow iniquity ,and sow wickedness, reap the same. SALARY OVER HEAD Expenses= NET INCOME Tobis Salary 50,000:00 Over Heads expenses: Transportation: 5.000:00 Feeding: 4.000:00 9,000:00 Net income/ actual 41,000:00 Angela Uyi : http://daintyprettyangel.blogspot.com
- 14. Sales 150,000:00 Cost of goods sold /Capital 80,000:00 Gross Profit 70,000:00 EXPENSES Transportation: 4,000:00 Feeding: 5,000:00 Carriage in/out ward: 2,000:00 Telephone cost: 5,000:00 Damages: 1,200:00 Rent: (150,000/12): 12,500:00 Salaries and wages 12,500:00 42,200:00 Net Income: 27,800:00 Angela Uyi : http://daintyprettyangel.blogspot.com
- 15. 1) Setting goals 2) Assessing your financial situation 3) Managing your resources. Angela Uyi : http://daintyprettyangel.blogspot.com
- 16. ASSEST Bank Accounts Bal. Salaries Insurance Properties Other investments LIABILITIES Loans /CREDIT House hold expenses/Domestics Fees and bills/ Taxes Others Angela Uyi : http://daintyprettyangel.blogspot.com
- 17. Goals: something you hope to achieve in the future. This are in three measures: LONG TERMS-INVESTMENTS:LUKE 19;23 SHORT- By Scale of preference IMMEDAITE-By Budget on Income and Bills Angela Uyi : http://daintyprettyangel.blogspot.com
- 18. What is your Attitude? Positive, Negative or Hard Work? You must be discipline You must pay your tithe. MAL.3:8-10,HEB.7:5-9, Draw out a scale of preference Review your Goals Roll out your budget and monitor it Cut down on all unbudgeted (expenses) Avoid any extra ordinary financial activities eg. SOCAIL PARTIES Angela Uyi : http://daintyprettyangel.blogspot.com
- 19. Live within your means Stop comparing yourself with others. Luke 3:14c- BE CONTENT WITH YOUR OWN SALARY Avoid over shopping Method / location of shopping Learn how to make money work for you by saving, investing Look for creative and godly way to increase your income by seeking for a financial expert to advise you. Angela Uyi : http://daintyprettyangel.blogspot.com
- 20. A true born again Sister: Prayerful. God fearing Positive Attitude Also work hard Faithful in her tithes Prudent in her expenditures Developing other line of income Putting investment first before expenses In conclusion she is consistent Proverb 31. Angela Uyi : http://daintyprettyangel.blogspot.com
- 21. Mrs. No no She is the opposite of the former case study Angela Uyi : http://daintyprettyangel.blogspot.com
- 22. As you take a decision THINK ASK/ PRAY EVALAUTE ACT WISELY DONT WASTE TIME START SMALL BUT THINK BIGGER OVERCOME YOUR FEARS ,TAKE A LEAP BE QUIET /SOBER AND VIGILANT BE EXPECTANT I wish you Gods blessing. Angela Uyi : http://daintyprettyangel.blogspot.com