Inspirational Wisdom for Today (IWFT)

Inspirational Wisdom for Today (IWFT)

One thing that I have learnt in pursuit of financial literacy is to learn the dynamics of how to use debt to your advantage.

Many of us go for loans and credit cards to buy things that are of social value. That is it becomes a liability instead of an asset.

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For example going for a loan to buy car can be interpreted in two ways. If the car is used as a private car, then it becomes a liability because that car takes money out of your pocket. However if another buy the same car to use for commercial purpose, then that same car becomes an asset.

Will-Smith-Quote

Use debt to build an asset and not a liability.

Focusing on investing in liabilities where your expenditure is more than your income is what I define as professional poverty. That is you have almost everything in life but you are always struggling because you live your life on debt.

Always remember it’s possible if only you believe.

Oscar Bimpong
Inspirational Speaker & Business Consultant

Written by Oscar Bimpong

Oscar Bimpong is a Media Persona, Inspirational Speaker and an Entrepreneur. He is the current Double R.E.E.B.A (Regional Entrepreneur Empowerment Business Awards) Award Winner as the best Inspirational Speaker and Businessman of the Year held in London. He is currently a nominee of the prestigious National Diversity Awards (NDA) for Inspirational Person of the Year. He is also a member of the Black Speakers Network (BSN). He is the CEO of Train2inspire Consultancy, the brain behind the T2i Youth Mentorship Program and the International Final Year Students Summit (iFYSS). He has spoken on different media platforms to inspire our generation. Watch out for my new Radio Program dubbed 'The FootPrint' with Oscar Bimpong that will be aired on Starr Radio UK every thursday from 7pm -9pm. Oscar holds a Master’s Degree from the prestigious Cardiff Metropolitan University majoring in International Marketing Management and International Business. His understanding of today’s business climate makes him a force to reckon with. For further enquiries, please; call + (44) 7703 508552 or email oscar@train2inspireconsultancy.com and CC ostikay1234@gmail.com.