Why You Need A Personal Financial Audit to Make Wealth

By Juma / June 24, 2019



financial-audit

There is only one secret to wealth and that is that there is no secret. Let no one lie to you that there is magic behind becoming wealthy.

People will lie to you through some “motivational talks” on how they have secrets to making you wealthy but unless you make the decision yourself, you will never taste wealth.

Making wealth is a personal decision that starts from within. You have to make a decision to make wealth. You have to have a purpose.

The hardest decision you can ever make is deciding to move out of your comfort zone and be ready to sacrifice some things that are necessary but can be done without.

The truth is, in life, there are things that we think we need but with a second thought, we find out that we do not need them at all. That we can do perfectly fine without them and that we can save a penny or two by not buying them.

Along the highway to making wealth, there is a checkpoint called “personal financial audit.” You have to pass through this checkpoint. You need to audit yourself before making any other financial decision. Discipline and being open to yourself and those around you is paramount in auditing yourself.

Personal financial auditing has the following major benefits:

  • It helps you know where you are financially
  • It helps you know what you have in terms of possessions
  • It helps you know what you need the most
  • It helps you know what is working and what is not in your financial journey

Personal financial auditing starts with what you have in terms of cash. How much are you earning daily, weekly or monthly? How do you use your earning? What is your budget like? Are you spending more than what you are getting? Are you that type of a person who spend all your earnings until you look for a loan to fill the void?

Look at your possessions. What do you have? Among what you have, what do you need the most? What don’t you need the most? What don’t you need at all? Separate the things you need the most from those you don’t need at all. What do you do with those you don’t need at all? Make some money out of them. Simply, sell them.

Look at your daily, weekly and monthly spending. How is your spending? Do you budget before spending? While buying, what do you usually go for? Are there things you usually buy but you can do without?

To properly audit yourself, you need an expert and there is no better expert that we can recommend than Amana Capital. They have one of the simplest and amazing tool that can help you manage your finances.

Have you heard about the 7 Steps to Wealth? It is a free online course for all Kenyans that has been developed by Amana Capital, who are themselves one of the leading wealth management firms in Kenya, and are responsible for managing the money of some regions most successful investors.



About Juma

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: [email protected]

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