08/11/2025
HOW TO THRIVE THROUGH A FINANCIAL CRISIS
The CRISIS technique...
C=ut-down
R=esolve
I=gnore
S=uspend
I=mpress
S=ave
1. C=ut-down unnecessary expenditure immediately
Prioritise your needs and not wants.
A need is something you must have to survive. A want on the other hand, is something you can live without. You need food, water and shelter to survive, not a latest iPhone on the market or expensive gadgets, shoes, clothes, brazilian hair or vehicles.
Today, I want you to identify your needs, pen them down and differentiate them from your wants.
2. R=esolve to live within your means/ability
If you are driving a vehicle you can't afford to service or put fuel on, park or change it. If you are renting a house you can't afford, move into another affordable one. If you are taking your children to schools you can't afford, switch their schools. If you are eating five meals a day but can't afford, I mean, just cut-down.
If you are spending on anything you can't afford, then you are abusing yourself financially. Do you love yourself? If so, then decide today to live within your means. The issue of trying to keep up with appearances has landed many into serious debt and depression. Swallow your pride and adjust your lifestyle.
3. I=gnore unavailable possessions
Be content with what you have/own at present and ignore anything you wish you had/owned as you pursue your goals. During financial crisis is not a time to think of buying yourself new shoes, clothes, gadgets, among others. Walk in your old shoes, wear your old clothes and use your old gadget temporarily. This issue of trying to look classy has made the majority drown during crisis. Be content!
4. S=uspend your major investments/projects
During a financial crisis, you must delay major investments or projects that don't meet needs of people. If you are thinking about opening a new company that would be supplying wants and not needs, you may have to wait a bit.
5. I=mpress nobody
Do not live life during a financial crisis trying to impress people who are depressed. It is not a time to buy expensive items in order to impress people. It is also not a time to buy your relative, spouse, girl/boy friend, or your friend expensive gifts on the market.
You must also avoid helping people in order to impress. Some of you are too emotionally good and end up broke. If you are helping out individuals who have two hands and can do without your help, think twice before giving out your cash, because they will keep coming. Practice saying "NO" sometimes.
6. S=ave, Save, Save.
If you have the habit of consuming every little income at your disposal, you will drown during a financial crisis instantly. You must begin to save now. Save a portion of everything you have to meet future urgent needs. This will help you avoid borrowing.
Above all... Pray! 🙏
Live Purposefully! ✨
