Teaching profession in Ghana is one of the popular professions. It is a sector with a good number of the country's population. There's no doubt workers in this sector are seen by people as people with little salary. The fact that their monthly income by the government is less is very obvious. The profession in a way has not been recognised by a good number of us in the society.
However, there are many teachers who are equally making it in life just like bankers, ministers and even business tycoons.
In this article, we are going to learn somethings teachers can do to make financial freedom theirs. Please do not forget to like, share and comment below on this particular topic.
1. Think about savings. As a teacher, the first thing to come to your mind after your appointment and assumption of duty is savings. Try your possible best and create a savings account for yourself, and make a good savings which will help you in future. There are a good number of savings. Anyone of them you will decide on is good. On contrary, if you do not get the opportunity of savings, then try your possible best abd invest.
2. Get Loan out of your way. The main cause of teachers downfall is nothing but loan. The more you engage yourself with loan, the more you fail financially. So get rid of loan and make good decisions about how to go by your financial situations instead of going in for loan. It makes you not to receive your full salary, which can not satisfy you especially when the loan is not well used or invested. Many teachers have been victimised. Some had their Properties ceased, since they could not settle their loans.
3. Have a stream source of income. Relying on your salary alone as a teacher will never help. Please try and use some few months of your salary to invest in to a business, or some businesses which will serve as passive income for you. You begin to gain certain support from that which will pave a way for you to enjoy financial freedom. However, going for your salary and relying solely on it may not help.
4. Do not be extravagant. If you want to enjoy financial freedom as a teacher, then do not waist. Buy what you need not what you want. If you lack something, then spend on it. Don't buy what you already have. Some young teachers right after their postings quickly spend money on a lot of things especially for their rooms, which probably is rented. My advice to them is to try and save such monies to secure plots of land for themselves, which in future they can develop.
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