Basic Financial Tool Kit For Youth

Currently I'm a freelance youth consultant and a trainer, I'm also searching for the next job opportunity which is also a job by itself and not easy bargain especially with the new normal. So If you come across any opportunity that matches my credentials don't hesitate to link me up. 

 Anyway, today I want to share with you my next course of action and learning goals towards achieving a stable financial cash flow and I believe it isn't too late at my situation to acquire that new skill or extra knowledge. In the society there's is a growing gap of lack of financial knowledge, training and mentor-ship. 

If you give it a deep thoughts, our ignorance as young people towards matters finances is what has also contributed to our current struggles or challenges in life. Even though this situation can't only be tagged on one single factor, there exists many deep rooted causes linked to myths and facts. Take an example of this myth that financial education is a preserve for accountants, business students, CEO's and financial administrators. 

Just note, everyone needs to be financially literate despite their chosen career or status in life. . Reflecting back in our education system there is little emphasis on matters finances unless you are taking it as a course and there's little done by the employer to educate their employees about finances and their well being. 

Count yourself lucky if your employer is concerned about your next transition which would include your financial health or portfolio before you either resign or get fired from your job. 

Below is a proposal start up personal tool kit on areas you can start to educate yourself. You can do it even without a job it will help you visualize and plan your pathways towards your desired financial portfolio. It also includes areas to invest time in learning. 

Here we go! 

• Step 1: List your sources of income and label if it is from single source or diverse source. (current income versus targeted income analysis). 
• Step 2: State your financial goal/s for 6 months - 1 year (Short term) 
• Step 3: Write your overall financial goal statement and describe the desired change. (Long term) Step 3: Write your objectives (S.M.A.R.T Model) 
• Step 5: Activities plan towards achieving the goal. 
• Step 6: Map your expenditures (Budgeting, needs vs.wants, cost cutting, fixed Vs. flexible cost)
• Step 7: Start and Stop analysis 
•  Step 8: List projects you want to DO! Step 
• 10. List your measurements of success. 
• Step 11: Knowledge Bank (Educate yourself package).

List new areas for learning and research from savings plan, investment, types of income, career mapping etc. 

This is it, I have just did mine this morning now back to you don't procrastinate plan a day it will take you less than 3 hours to complete during your 'ME-Time' if you have one. I believe through sharing our learning journey of success and failures we will eventually narrow the knowledge gap on matters finances among the youth, avoid exploitation, improve our general awareness of money, secure the future and inspire an informed society that will be financial healthy. We wish me luck in my journey as I wish the same to you.