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Hello steemians welcome once again to my blog, I appreciate you as you read my post courtesy @steemcrypto #Academy week 7, this post is basically for professor @stream4u. Dear professor you are a great man God bless you all as you devote your time and read through.

professor @stream4u

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Cource= money management/portfolio management

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Discuss money management

• Key Analysis below

Money management in my overall understanding refers refers to how you as an individual handles the affairs of your finance, you should be able to make a budget from the start of the year in order to plan and #galvanize on how your money/cash should be spent.

Our people if you fail to plan definitely you are planning to fail, you should be able to set a long term goals and investments that will help you to acquire your maximum goal that is initially set by you.

Management is just saying #No to extravergant spendings but developing key plans that Will allow you to say #Yes to things to things that are very relivant and very important to you as an individual.

Any amount of cash you have without proper management can be too little if you have poor management skills, in as much as im concerned how much you earn doesn't necessarily matter when money management is concerned.

fine I know that you have to earn big in order to invest massively but an individual who earns 15 thousand naira, and the other who ears 20 thousand naira are practically the same with little difference of 5k, in between. What matters here is how you manage yours.

Future plans on your money management

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• Setting your goals

Your future plans dictates how you tend to manage the money you have in hand, sometimes it practically looks so eazy and simple to overlook your long term goals in order to favour your bills and instead maximize your return in your current earning at that particular time of asking.

Thus by setting your goals you can reason very fast and give a clear clarity to which expensis are vital and the ones that you may want to cut off . There isn't any law bounding your choice on how you can spend your money
If you are desired to have a car that is cost $20k then you can get it for your self.

• Knowing when and how to start

The bigining of good money management requires you as an individual to know where you are from, and where you are going, in tense of assets(things you owe) and liabilities (Amount you owe) the assets you owe includes

• Your bank account

• Your investment account

• Your retirement benefits

• And properties acquired including your (cars and houses).

Discuss portfolio management

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Before I proceed I will like you guys reading through to clearly understand what portfolio management is all about;

• Portfolio management

Portfolio management is a way you select and control organization programs and projects, in conjunction with it's contingent objectives and the capability to deliver in a given time.

It can also be said that portfolio is a collection of different projects and programs that is used to structure and perhaps manage your investments at an organised manner in a functional leveling order to optimise and perhaps gain strategic profits.

A situation where projects and programs are been centralized on development outputs this the outcome and benefits respectedly will exist as co-ordinating structures in order to support development by ensuring the optimal prioritization of some Cool strategic resources available.

In order to shape your portfolio, the sponsors managers Will perhaps seek your visibility, your plans of constituents projects and programs agreed depending on the constituents parts agreed on. Various organizations will have the visibility and the ability to resource the whole portfolio.

Vital key change to a strategic direction Will further lead to a strategic implementation of a concrete central accessible portfolio. All this key changes you can use it to set up your portfolio management standard.

Way To plan portfolio

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1* you plan portfolio by depiction

This simply means planning your portfolio in your own designed diagram of what you as an individual wants your portfolio to appear it practically entails perhaps comprises alot , just as I said drawing a suitable diagram that will benefit you cycologicall, mutually, and physically too as well

2* Ensuring of time scale and major key deliverance

What this implies is that your timing should go in conjunction with your planning mainly how how your hard earn cash will or can be spent.

3* Define when to manage your portfolio

Your portfolio management might include costs and benefits.

Various Risks in portfolio

• Risk in portfolio will practically cover both internal and external events that might have impact on your portfolio in general.

• Addiction may include different things as resources availability, implementation,capacity, and investments.

Management of portfolio in a practical guide

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For you as an individual in order to meet your strategic goals in an effective way it will most-likely entails some valuable right mind thinking that is probably the key here.

In this case project managers should be able to assist and guide you in order for you to invest your resources in the right channels.

I have an investment

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That was last two months ago a very good friend of mine introduced me to an investment platform called #prime vault, I'm always looking for an opportunity to double my cash, fortunately I invested my cool cash out there 3k to be precise please view some merit I made below.

snap shot of my online investment

How it works you logg into the website automatically you get #50, then when you do your task you get the sum of #183, by the tail end of the day you get 283, in general you are eligible to withdraw once in a month and after which the package you bought automatically renews itself.

Future plans on your portfolio management

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Firstly a portfolio plan is the total strategy that guides you day-to-day on every investment you make in a long time. Portfolio plan will help your goals and prevent you from risk among key factors.

My first plan is RISK

Risk

Are you some one who tolerate risk?? If yes is your answer for me as an example every investment I make I see it as a gamble if it yields results I take it if not I accept the fact too.

For e.g an investor working unbehalf of it's beneficiaries should have a very big portfolio plans and management tools. It will check list your prudent investment and help you to shield investors against liquidity.

Create your portfolio plan

You as an individual can strategies a portfolio plan alone with the assistant perhaps help of a professional investor

Have a solid plan

You as an individual should include a portfolio statement of purpose, a designer making structure, your investment policy, investment strategy, rist type, and tolerance.etc.

Personal money

You should be able to invest in a safe location resources that will yield money/income profit .

when was the last investment failed and why (those who have experience can provide pictures)

This is my current investment and it's currently running it's not failing at all since I started investing online here my investment haven't failed at all.

conclusion

Thank you very much for reading through I really appreciate @kingcent cares, let me use this medium to thank @steemcurator01, and @steemcurator02, for their consistent support. Let me also thank professor @stream4u boss you are a good man as I await your confirmation replies thank you

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King regards

@kingcent

Cc:@steemcurator01
Cc:@steemcurator02
Cc:@trafalgar
Cc:@stream4u