Connect with us

ARTICLES

10 Tips on How to End Up Broke and Poor

Ending up being broke and tight after years of wasted opportunities can be unforgiving but here are tips to help you realize the pit you may be digging for yourself to end up broke years later and a burden on society.


 JOBACOM offers your business Financial Support & Business Solutions. Call/Whatsapp on 0231626480 now.


Enjoy and learn through the sarcasm…

1. Make sleep a good ally…Keep stretching & turning in bed until you get too tired to continue enjoying sleep. The rich people can’t sleep because of their wealth, if you can have sound sleep, why not? If there is nothing to do, why hurry to get up?

2. Budgeting is for “stingy” people, after all money is meant to be spent. Whenever you get money, start spending it right away and when it’s finished, you try to count and recall how you spent it.

3. The “small coins” don’t mean much, spend whatever you have, who thinks of tomorrow when you have today? How can you save when you earn so little? Those telling you to save are not sympathetic to your burning needs.

SEE ALSO |  6 Excuses Holding You From Starting Your Business Idea

4. Hard work and small business is reserved for the “uneducated.” How can you an “intellectual” engage in petty trade or home based production? That’s for people who never went to school.

5. Starting a business requires huge capital and how can you start any business with little or no money? Don’t put in any form of investment for the future. How do they expect you to invest before you get millions?

Even though more than half the businesses in your town were started with little or no money, because you have a very big dream you can only start with millions.

6. Complain about everything except your own attitude; blame the system, the government and the banks that refuse to lend you money. They are all bad and do not want you to get rich.

7. Spend more than you earn. To achieve this, buy consumer products on credit & keep borrowing from friends & employers. In any case everybody is in debt, even the government owes!

8. Chase and compete in whatever that is trending. Make sure you get the latest clothes, smartphones, gadgets, among others. If you can get it, why not flaunt it, you got to show your swag!

SEE ALSO |  Can the African Woman Have It All – A Successful Career and a Successful Home? (pt. 2)

9. Even if you can’t afford it, get the latest ride in town. Forget it, who cares about maintenance and fuel? After all you can keep borrowing to keep up!

10. As for your children, attend to their every whims and wants. After all your own childhood was not so pleasant. Don’t teach them about work and it’s colleration to wealth creation. They don’t need any education on personal finances. Nobody taught you how to anyway, so they can just get by being as broke and poor as you are. They can borrow for college, auto, mortgage and other consumables.

And ooh yeah.. It is okay to blame the devil for your financial woes, pay pastors and prophets to make you rich over night, sow seeds and stay in church all day all week… Riches will find you asap!!

To remain effectively broke and tight, these are thoughts that will deny you the opportunity to make the best of your natural gifts. An automatic disqualification to save and be a great entrepreneur. Be on the other side.

SEE ALSO |  3 Ways to Master and Deal with Failure as A Startup Founder

For Jobs on Part-time/Full-time basis, Internships, Volunteering, Jobacom helps you with smart access to these services. Call/Whatsapp on 0231626480 now.


Credit to @Ricky Allot and @Kwame Mantey

Members of TSH Facebook Group.

Was this article useful? leave your comment.

Follow #TSH on Facebook and Twitter for more awesome articles.

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

fifteen + six =

ARTICLES

Source Beauty is pushing the boundaries of Egyptian e-commerce

Egyptian e-commerce

Egyptian e-commerce: the county’s digital drive has not yet gotten to the growth typically seen in European countries and North America. However, as businesses have started shifting online, customers are now following suit, resulting in the gradual development of the digital eco-system.

Innovation, such as digital marketing, is reinventing the consumers’ path to purchase. The Egyptian e-commerce market is expected to grow at a rate of 33% annually to approximately $3bn by 2022, according to Oxford Business Group.

Source Beauty and disruption

The increase in e-commerce comes from rising internet penetration rates, driven by connected and digitally savvy millennials. Several platforms, both locally and internationally, such as the direct-to-consumer beauty platform Source Beauty, have disrupted the beauty industry in the region to drive their growth by truly connecting with their customers.

By being aware of the changing consumer behaviour trends in the e-commerce landscape, service providers like Source Beauty are continually fostering customer engagement with a community they have created. The customer service team, along with the editorial and marketing teams, respond to each comment and direct message, making customers feel listened to.

SEE ALSO |  Bridging the Gap between Academia and Industry, the Role of HR (pt.1)

Lydia Schoonderbeek, the founder and CEO of Source Beauty, said:

Egypt has traditionally been a price-driven market. After devaluation and high inflation rates, people have become much more price sensitive. People are consuming less and are shifting away from imported products due to price, accessibility and inconsistency in supply. As a result, they’re looking for local alternatives.”

Egyptian e-commerce
Founder of Source Beauty, Lydia Schoonderbeek

In line with its digital transformation and financial inclusion agenda, the Egyptian government has set in place directives to raise the limit for electronic payments for individuals via mobile phones to EGP30,000 (USD1,905) per day, and EGP100,000 (USD6,350) per month, since March 2020. Traditionally, 70% of online purchases were cash on delivery, which has proven to be a major challenge to e-commerce growth throughout the region. This preference has changed to credit card payments, increasing to 30% from 16% due to the spread of Covid-19, but it remains to be seen whether purchasing behaviors will be affected in the long term.

The CEO of Source Beauty further added that, the company had seen substantial growth thanks to the COVID-19 global pandemic, with existing and new customers wanting to limit in-person beauty services and adhering to social distancing and mask-wearing requirements. Beauty customers, she says were changing spending habits, moving towards products that allow them to recreate the salon experience in their homes and protect them from the potential impact of an increasingly digital lifestyle. Finally, she believes they have seen customers prioritising skincare and haircare purchases over makeup.

SEE ALSO |  8 Pieces of Advice to Aspiring Entrepreneurs Before the Lonely Journey

The question is, ‘Is anyone in Egypt going to buy beauty products online?’. Who thought people would buy books on the internet from a website called Amazon! Well, the answer seems to be YES. Consumer spending in Egypt on non-essential goods has reached EGP 3.90bn in 2020 and is set to reach 8.81bn in 2021, according to FitchSolution’s 2021 Report.

According to the Egyptian e-commerce beauty company, Source Beauty, it believes that the world is in an era where consumers are looking to associate with brands and not products, to make their beauty purchasing decisions and this is where homegrown brands like theirs will doubtlessly lead to economic growth in Egypt.

Continue Reading

Got News for us?

Submit Press Release/News: Have you recently launched your startup, raised funding or any news about your company? Email us at editor@thespiritedhub.com. We will be happy to share your story with the world!

order now

happening in Africa