How to Achieve Financial Independence on a Small Income - Podcast Episode 1

💖Hello Achiever💖
Did you know that you can become rich no matter how much you earn? In our first episode of the Zee's Study Hub podcast, my guest Debbie and I discuss money mistakes and personal finance advice you should know if you want to make informed decisions about your money and improve your finances. We discuss saving, financial habits, best practices when it comes to credit cards, money mindsets, and all things money. This is Financial Literacy for Beginners 101 - How to save on a small salary.
Disclaimer: This conversion does not constitute financial advice. Please speak to your financial adviser before you make any significant financial decisions.
Remember to connect with Debbie on Instagram: / hustleandcoin
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[@zeestudyhub]

What is your biggest takeaway from this conversation? We’d love to hear from you.

[@clementinaraphael9539]

Auto saving🫡

[@zeestudyhub]

@ Nice! That’s a good one 🙌

[@inspirationsbyrobi.8060]

Value....
Kindness is adding value to someone

[@zeestudyhub]

@@inspirationsbyrobi.8060 Indeed, that is an important point. We all must do our best to be kind. It means a lot to me that it resonates with you. Thanks for watching!

[@phee9925]

Tips I learnt personally....
1. Have a budget (Don't be lazy about it)😅
2. You should have a savings account for the following
a. Emergency (Get a high yielding savings account😉)
30:38 30:38
b. Sinking Fund (Recurring expenses) this is an eye opener personally for me.
3. Look at your lifestyle inflation. You can't be diligent in more if you are not in small.
4. Look at your variable expenses and ask yourself why it is the way it is.
You can be financially independent!
If you think your income isn't enough EARN More😅.

[@zeestudyhub]

You got it right! 💯💯🙌

[@SeanDavid-o7o]

Budgeting saves you from unnecessary spending for that major expense you crave for. That’s classic

[@zeestudyhub]

Absolutely!💯

[@cynthiafidelis2850]

This is very detailed and helpful 🤞

[@zeestudyhub]

Glad it was helpful!

[@inspirationsbyrobi.8060]

Kindness

[@phee9925]

Learning new things

[@zeestudyhub]

It’s good to know. Thank you for watching 🙏

[@SeanDavid-o7o]

Nice one, Miss Ore❤

[@zeestudyhub]

Thank you for watching ❤️

[@GideezCode]

This is insightful! ❤

[@zeestudyhub]

Thank you 🙏

[@baby_cheeks0811]

Very detailed and educative ☺️

[@zeestudyhub]

@@baby_cheeks0811 We’re glad you found it useful. Thank you for watching 😊

[@LifestylewithFiifi]

Very informative Zee. keep it up

[@zeestudyhub]

@@LifestylewithFiifi Thank you. Fiifi

[@TegeElleMusic]

love it.

[@zeestudyhub]

Thank you for watching 🙂

[@olamiderotimi2037]

Very insightful

[@zeestudyhub]

@@olamiderotimi2037 Thank you 🙏

[@ibukunoluwaadebakin1818]

Very informative 😊

[@zeestudyhub]

@@ibukunoluwaadebakin1818 We’re glad. Thank you for watching 😊

[@sportingarenatv7495]

Please is it ok to save in a fixed deposit account thank you for sharing.

[@zeestudyhub]

Hello, the general recommendation from the conversation is to put your money where it will grow. Essentially, if this is not your emergency fund (and you can afford to keep it in an account without needing it urgently) and the fixed deposit account gives you a good interest rate that you are happy with, that should be fine. When saving, remember to save in a high yield savings account (an account that gives you a high interest rate).
Please remember that this is not financial advice; these are recommendations based on our knowledge and personal experiences. Very best wishes 😊

[@jordyvanlooy4715]

🤩🤩🤩

[@zeestudyhub]

🙏🙏

[@PSesime]

How about you make the coffee at home? Ones someone or a company adds value or service to a product the price shoots up astronomically so you might want to start looking at that coffee bill for the year?

[@zeestudyhub]

Good idea, that's another way to look at it. Personally, I'm not a big coffee person so buying coffee or my favourite hot chocolate outside is more like a treat to myself (or if I really need to). For people who prioritise coffee they may budget and buy it more often than those of us who are not big on it. And a big yes to looking at your bills for the year to see where the money is going.

[@waleadisa7971]

Very informative keep it up ore

[@zeestudyhub]

Thank you for watching!

[@adenikeomolola04]

👌👌👌👌

[@zeestudyhub]

@@adenikeomolola04 🙏❤️❤️

[@WhitneyQ]

Budgeting is key! you realise how much money you have or dont have lol

[@zeestudyhub]

I knoww! It sets you straight from the get go lol

[@sandracabral5516]

Which budget app she recommended?

[@zeestudyhub]

Hi Sandra, Debbie recommended the Snoop app for tracking expenses to help you save and manage your money. She also mentioned the Monzo bank app.

[@NickInfinity108]

wow

[@zeestudyhub]

🙏🙏🙏

[@saheedkareem2415]

Keep growing Oore

[@zeestudyhub]

@@saheedkareem2415 🙏🙏🙏