Oracle Financial Coaching LTD

Oracle Financial Coaching LTD Oracle Financial Coaching LTD is company focused on coaching clients achieve their financial goals.

10 Tips for Financial Health, You Should Know.
27/01/2023

10 Tips for Financial Health, You Should Know.

12/01/2023

You can’t out-earn bad spending habits.

03/01/2023

7 Personal Finance Tips to Help You Achieve Financial Success

1. Start saving for retirement as early as possible to take advantage of compound interest.
2. Create a budget to manage your money and reach your financial goals.
3. Pay off high-interest debt to save money in the long run.
4. Save an emergency fund to protect against unexpected expenses or income loss. Aim for three to six months of living expenses.
5. Don't be afraid to negotiate for a better deal on salary, purchases, or bills.
6. Diversify your investments to reduce risk.
7. Educate yourself to make informed decisions about your money.

Apply these simple actions and watch your wealth grow.

12/12/2022

Your Money is your employee.

Yes, you have workers in the form of money entering your bank account whether daily, bi-weekly or monthly but because you haven’t taken the time to learn to manage them and give them reasonable tasks they are overworked and they resign from your bank account to better employers.

And every month you have to keep selling your time to find new workers just to lose them again.

11/12/2022

Personal finance is more about habits than about money.

11/12/2022

Status Symbols:
-Cars
-House
-Watch
-Clothes
-Job Title

Wealth Symbols:
-Time
-Freedom
-Options
-Peace
-Mobility

Status & wealth often get confused. Make sure you know the difference.

09/12/2022

No one thinks they need an emergency fund until an emergency occurs.

Having an emergency fund allows you to pay for things such as:

- Loss of income
Flat tire
- Medical emergencies
- Home repairs

WITHOUT going into debt but how much do you need? 3 - 6 months worth of expenses is safe.

08/12/2022

Avoid buying status objects or chasing a high status lifestyle

Buying or leasing a brand new, expensive exotic car is not worth it. Purchasing status items such as branded consumer goods is a never-ending cycle of asset depreciation. Even if you can get a premium item at a low price, if you replace it frequently, the old item will lose its value and become a sunk cost. Not only is it bad value to live in a status area, but you will also feel the need to keep buying status items to keep up with your neighbors, who are mostly In debt.

08/12/2022

Financial independence is more important than displaying social status.

07/12/2022

Some Hard Truths About Being Financially Successful

1. Most financially successful people work hard and enjoy it all their lives. You don't understand the word laziness.

2. If you live in a developed country and are not financially successful, it is often your fault. 3. The difference between winners and losers is that winners do what losers don't.

4. People's behavior is the main reason investments fail.

5. Most people fail by focusing too much on avoiding loss or getting too obsessed with the next big thing.

6. Anyone can be financially successful. Its actions keep many people in poverty zones.

7. Most successful people are invisible. They don't show their wealth. Don't be fooled by social media noisemakers.

8. Most financially successful people live far below their means. Not only is this a hard truth, it's also the key to financial success.

9. Financially successful people spend their money for freedom and security, not for consumption. Consumption never brings happiness.

10. The hardest truth is that financially successful people do not live the lifestyles chosen by those who envy their wealth.

07/12/2022

Never use debt to finance items that won’t generate you income.

Examples of these items :

• Financed Vehicle

• Financed House

• Financed Furniture

• Financed Clothes

Financing basically means taking out a loan from the bank where the bank immediately pays the third party and you remain owing the bank on an agreed interest rate which usually ranges around from 20% - 30%.

Example if you buy a house costing R350 000 if you finance that house you end paying the bank in Total R700 000 because of interest and the duration to pay that interest.

06/12/2022

Making money is action.

Keeping money is behavior.

Growing money is knowledge.

Address

Red Hill
Durban North

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 15:00
Saturday 09:00 - 12:00

Telephone

+27683338707

Website

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