MONEY LESSONS FROM COVID-19

"The more you learn, the more you earn.” – Warren Buffet.
If lessons of life are not important, King Solomon would not have been inspired by God to write the book of Proverbs that detail how day to day wisdom is important to navigate through the rough terrain of life. The Apostle Paul also said that what happened in the Old Testament was for our example (New Testament) so that we will not slip into the same mistakes people committed (1 Corinthians 10:11).

The first lesson we can learn from COVID-19 is about personal finance. Beginning of the year 2020, none of us ever thought that there would be a massive disruption through this pandemic to deplete our financial resources. Finances of people, families, corporations, churches and governments have all been affected massively. Indeed, experts are predicting that after the pandemic, it will take a while for all of us to recover and make gains from the losses.

What must we do?
Like the biblical Joseph, we must start rethinking our finances. Joseph led Egypt to work hard to save for 7 years of abundance against 7 years of famine (Genesis 41). We must be ready to make, save and invest money.

READ ALSO: 4 Reasons Why People Fail in Life

Here are some few ideas we can apply ourselves to:
  1. Rethink: If we truly want to recover from the financial harm caused by COVID-19, we must rethink the way we get, save, invest and give money. Mindset is an important step to re-ordering our finances. Prof. Stephen Adei said, “there is no poverty as great as the poverty of the mind.”
  2. Observe: Observe the lives of people who are doing well financially and be humble to ask for help about what to do. Brian Tracy said that, "when you do what successful people do, you will get the same results they get".
  3. Learn: We can learn from people through their books, audio and video resources. Sometimes the most important things you need to make a change are all in the books that you neglect to buy and read.
Below are 6 resources you can read, listen and watch to help you:
  1. Video: Multiple Streams of Income by Dr. Mensa Otabil
  2. Video: Jim Rohn Living An Exceptional Life by Jim Rohn
  3. Audio: Innovation & Multiple Streams of Income by Rev. Albert Ocran
  4. Book: ‘10 Ways to Earn Extra Income’ in Career Starter Pack by Albert & Comfort Ocran
  5. Book: 101 Ideas To Find The Money To Save And Invest by Prof. Stephen Adei
  6. Book: ‘Self-Discipline and Money’ in No Excuses! by Brian Tracy
It is my desire that we will rise up and rebuild our finances and be able to achieve our goals in life.

Do you have any more suggestions or resources to suggest? Kindly share your suggestions in the comment box below.
NB: If you want any of the books cited above, WhatsApp 0242355152 to order.