This year I want to achieve…

January 1, 2023 jacquelineobyikocha21 Comments

Photo by Tima Miroshnichenko on Pexels.com

Happy New Year to you and your dear ones! So, I joined bloganuary and the first prompt is what-is-something-you-want-to-achieve-this-year, which I think is appropriate given the fact that most of us tend to think of new goals to accomplish and new resolutions for the year.

The general idea for me is to use this opportunity to connect with a wider blogging community and friends as well as kindle my writing zeal which went into some sort of hibernation most part of 2022. My expectations this year is to continue to grow stronger spiritually, practice mindfulness and staying in the present, staying happy and centered, actively tapping into the law of attraction and living it, achieving my writing goals, sustaining the healthier lifestyle that I have been aiming for, increasing my social media presence, growing multiple streams of income, venturing into new things and becoming more financially independent. Each of this aspect is broken down to short term, medium term and long-term goals and I sincerely hope to stay focused and diligent.

The truth is that we can wish all we want for our dreams to become actualized but without matching our wishes with actions and of course faith, it simply remains wishful thinking and thus unattainable.

I will surely share my journey here as a way of holding myself accountable and hopefully inspiring others. I believe that you and I will be seeing more of each other in this space in the coming days and I do wish you the best of 2023.

Stay healthy. Stay happy.

Lots of love from Jacqueline

You can find me on Tiktok below.

@beyondexisting.j
Declarative prayer #fyp #foryoupage #christiantiktok #Prayer #jesus #Godsplan #nigeriantiktok #faith Declarative prayer speaks out loud the truth found in God’s word and in God’s being. We boldly pray and then walk in faith.
♬ Omemma – (Live) – Judikay

Finance · Stream of Consciousness Saturday.

Money on my mind…SoCS

April 14, 2018April 14, 2018 jacquelineobyikocha9 Comments

No one likes money woes, sadly there’s hardly enough in circulation for most of us, which means that most of us struggle to make enough money to make our ends meet not to talk of having extra money to save.

Well, I’m speaking for myself. I hate financial strife, and it seems that of late especially, my budget is shoe-string thin and stretched that it literally takes Gods’ grace to get by.

I love the freedom that having money buys and hate having to worry about funds for basic needs. Whether we like it or not – money is still a vehicle that helps us achieve a lot of our goals and having unpaid bills and indebtedness hanging around one’s neck like an albatross has a way of dampening one’s life and stifling creativity.

In recent times, I’ve had to get truly more creative with money management. I’ve had to try many tricks in the book on how to stretch a dirham to achieve the goal of three dirhams, on how to earn a bit extra and as a matter of fact, I have an unfinished post in my draft about the lessons not having money has taught me.

Maybe one day soon I’ll finish writing the post – it’s a lesson in progress – and down the line, I’ll share my lessons as well as my personalized tips with you. Though money is not everything, it definitely matters and if you don’t mind my saying so, yes, I love money or at least dreaming about having enough money and the freedom that it would bring.

Stream of consciousness Saturday – mon

Finance · Lifestyle

Good Debt Vs. Bad Debt

January 23, 2018 jacquelineobyikocha8 Comments

Image source

When it comes to debt, most of us would probably like to be completely free of it altogether, but for most of us that simply isn’t practical – not all the time anyway – and actually, there are ‘good’ and ‘bad’ debts to have. For example, if you’re using debt to acquire something that is truly essential to your life, or to do something that will actually enrich you in the end, then it cannot be said to be bad now, can it? The key is to be able to make the distinction between good and bad.

To help you differentiate between debts that are okay and those that should most probably be avoided, here are some examples of good and bad debts:

GOOD DEBTS

Student Loans

There can be few things better than borrowing money to advance your education so that you can earn more money over the course of your life, Sure, there are probably some people who regret their student loans, but for the vast majority, they are a debt worth taking on.

Loans for Medical Bills

Although it’s much better to spend your money on medical insurance, if that isn’t possible, or your insurance doesn’t cover the kind of treatment you need, it is obviously sensible to take out one of the best low-interest personal loans to pay for your treatment. After all, there is nothing more important than your own life, and no debt worse than a death!

Mortgages

Taking out a home loan can be pretty daunting, but by buying your own property, instead of effectively throwing your money away on rent, you are investing in your future, and many home loans are actually cheaper per month than rent, so you’re saving money too. It’s a no-brainer.

BAD DEBT

Credit Card Debt

You might not think so since their use is so ubiquitous in our society, but credit card debt is almost always a bad choice. Why? Because credit card interest rates are much higher than the average personal loan rates, which means that your spending can spiral out of control pretty quickly.

Non-Essential Debt

Whether it’s loans, credit cards or store credit, any time that you use credit to buy the non-essentials in life such as expensive clothes, gadgets that you could easily do without and a lifestyle that is really beyond your means, it is a bad decision that will leave you much poorer in the long-term.

Money Borrowed from Your 401k

It is possible to borrow money from your 401k, but most of the time, when you do this, it represents a bad debt because you will be hit with lots of early withdrawal penalties if you don’t pay it back on a timely manner. The only circumstances when it might make sense is if you have a medical bill to pay or you want to invest in a property that you can live in.

The Bottom Line

Financial matters in the modern world can be difficult to deal with and many of us will need to borrow money, but as long as we know the difference between bad debts and good ones, this need not be a worry if we can stay on track.