Making Sound Financial Decisions: How To Hold Onto Money. (Part 4) by Dr. Strive Masiyiwa.

As a young business person, it took me about 10 years to realise that it is harder to hold on to money, than to make money. Sadly many people never actually realise it, throughout their business life or even career.

I recently read a report which showed that many working professionals in a major European country, have enough savings to last 18 days, if they ever lost their jobs! The squirrel, a small animal that collects nuts during the summer, for the long winter, would no doubt be quite amused.

A business associate, who ran a construction company, came to me once complaining bitterly that people were stealing from him. He pointed out that he had done huge projects, in the past, and yet he was now totally broke. "How could this be"?!

" The problem, is if I tell you, the truth, I will lose you as a friend." I told him.

"Please, please tell me!" He begged.

Making Sound Financial Decisions (Part 3) by Dr. Strive Masiyiwa.

There is a story told, about a young entrepreneur, who had been working on an amazing new idea. After sealing a major contract, he and his friends decided to go and celebrate at a local restaurant. They ate and drank until very late. Finally when it was time to close, they called for the bill; it was a shocking amount, and much more than they could afford!

Ever the entrepreneur, the young man asked to see the owner, and told him about his business venture, and how he believed that it would one day, make him billions. So he offered the old man, some shares, for the large bill he had ran up that evening. The old man, who owned the business, refused completely, and demanded payment. Humiliated, the young man pledged his car, and went off to find the money.

Many years later, the young man, returned to the restaurant driving, a gleaming Ferrari. He asked to see the owner of the business, who immediately remembered him. He told

Making Sound Financial Decisions (Part 2).

Whether you are in business or not; whether you have a job or are unemployed; even if you are still a student. You might even be a social entrepreneur, a doctor or a teacher:
You still live in a world, in which everyday, you have to make sound financial decisions. You also live in a world, in which others around you, including local and national leaders, as well as business leaders, must have the capacity to make sound financial decisions, for the well being of all. Ultimately, how sound your financial decision making is, will be seen in the results.

"Time will tell, as they say", whether our two young heirs, (whom I spoke about, in my earlier post), would make sound financial decisions. One is not born, with a capacity to make sound financial decisions, it comes through education, reading the right material, and also training.