Acee Consulting Inc

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We are committed to providing small & mid-size businesses with business support services through coaching and consulting: Bookkeeping, Business Planning, Business Automations and Digital marketing strategy.

02/18/2025

Curious about this on a beautiful Money Magnet Tuesday 🤔.
Have you ever taken the time to calculate your net worth?

Net worth is the total value of your financial assets after subtracting your liabilities. I like to think of it as the key indicator of financial health and wealth accumulation.

Suze Orman puts it best:
"Knowing where you stand financially is the first step to knowing where you are going."

Your net worth provides a snapshot of your financial standing. It’s a simple calculation:

Total Assets – Total Liabilities = Net Worth. However, knowing your current net worth is only part of the equation. You also need to determine what your ideal net worth should be to assess how well you’re performing and identify areas for improvement.

A Simple Formula for Your Ideal Net Worth
Is nicely defined in "The Millionaire Next Door" based on your age and income level:

âś…Multiply your age by your pre-tax income from all sources (excluding inheritance).
âś…Divide the result by 10.
âś…The final number represents the minimum net worth you should have for your financial standing.

Example Calculation:
If you’re 40 years old and earn $100,000 per year:
âś… 40 Ă— 100,000 = $4,000,000
âś… $4,000,000 Ă· 10 = $400,000
âś… Your minimum expected net worth is $400,000

If your current net worth falls short, it’s a sign to take action; whether through amplifying your earnings, increasing investments, or reducing debt.

I’d love to hear about your experience when you put this analysis into practice! How did your numbers compare to the ideal net worth calculation? Share your insights in the comments!

02/17/2025

Hey fam! It’s our “Mission Monday”, where are my perpetually overbooked friends? Being “busy” sounds impressive, but the real question is, what exactly are we busy with?

Time is the most valuable resource. Unlike money, you can’t earn more of it. Once spent, it’s gone forever. That’s why how you allocate your time determines how your dreams are realised.

If your calendar doesn’t reflect your top goals, the likelihood is that you’re booked for distractions and mere activities. Just as we emphasize wise financial spending, your time should be invested with intentionality.

Here’s how to make it work for you:

✅ Identify your top goals: Clearly define what success looks like for you, whether it’s career growth, financial stability, personal development, or business expansion.
âś… Determine the best strategies: Outline the most effective approaches to achieve your goals, considering your strengths, available resources, and potential challenges.
âś… Break goals into actionable steps: Transform big ambitions into smaller, manageable tasks that you can tackle consistently without feeling overwhelmed.
âś… Attach timelines to each step: Set realistic deadlines for every task to create a sense of urgency and keep yourself accountable to progress.
âś… Book your calendar accordingly: Schedule your priorities and commit actively to contributing to your bigger goals.

Acid Test: Take a hard look at your current calendar, is it pushing you toward success and promoting you towards who you want to become?

02/16/2025

On today’s edition of Kingdom Finance Sunday, let’s talk about how service is the key to unlocking wealth and divine multiplication.

Service is the highest form of giving and the seed that unlocks divine multiplication. Luke 6:38 says, “Give, and it will be given to you. A good measure, pressed down, shaken together, and running over, will be poured into your lap.” This principle applies to business, ministry, and daily life.

Not serving on the other hand is a double robbery. First, you rob yourself of growth, fulfillment, and reward. Purpose is maximized in service, and stagnation comes from withholding. The greatest leaders and innovators are those who pour themselves out for others, realizing that in giving, they themselves are enriched.

Second, you rob others of the transformation and blessings that your gifts and growth are meant to bring. Imagine if Thomas Edison had kept his ideas to himself, or if great ministers had never shared their revelations, what a disservice it would have been to humanity. Your skills, insights, and talents are answers to someone else’s problem. By holding back, you deny someone the breakthrough that God intended to come through you.

Refine your gifts, determine the tribe you are called to and serve the world unapologetically with it.
You were created to serve, and in doing so, you unlock doors of prosperity, favor, and fulfillment. Stop withholding your gifts. Stop playing small. The world needs what God has placed inside you.

Like the boy with five loaves and two fish in John 6:9, you may wonder, "What is this amongst so many?" But in God's hands, even the smallest act of service becomes a catalyst for abundance. See you at the top.

10/17/2024

When I was a kid, I saw physical money everywhere. I’d watch my mom, uncles, neighbours’ hand over a N20 bill, get N5 back, and some kobo change. It was real, you could see and feel the money.

But today, things are different. When my kids see me pay at a store, I hand over a piece of plastic, it disappears for a moment, and then it’s back. To them, it seems like magic, money just works. They don’t always realize that money doesn’t just appear out of thin air.

In a world where digital transactions are the norm, it’s easy for kids to miss the reality behind money. They don’t always see the connection between earning, spending, and saving. That’s why I’ve made it a point to talk to my kids about what happens when I use a credit or debit card; so, they understand that behind every swipe is a transaction, a decision, and sometimes, even a sacrifice.

Parents, here’s my advice: Even if you’re doing well financially, talk to your kids about money. Teach them that not everything is a given, and it’s okay to say, “No, we can’t afford that right now.” It’s about helping them to understand the value of money, so that they grow up with a healthy respect for finances and smart spending habits.

Golden Myron's perspective on the purpose of money offers a fascinating lens through which to examine our financial beli...
04/24/2024

Golden Myron's perspective on the purpose of money offers a fascinating lens through which to examine our financial beliefs across different socioeconomic groups. These beliefs deeply influence our attitudes and actions toward wealth accumulation.

For those in lower income brackets, the immediate focus often revolves around meeting basic needs like bills payment, leading to a mindset centered on acquiring basic needs of life as a measure of success.

In contrast, the middle class tends to prioritize maintaining a good credit score, seeking access to financing for purchases that surpass their current means. This reflects aspirations for upward mobility and a desire for a higher quality of life.

However, the wealthy adopt a distinct approach. They see money not merely as a tool for consumption but as a means to generate further wealth. This entails strategic investment in income-generating assets, allowing their capital to grow over time through dividends, interest, profits, and capital gains.

Critical to this strategy is the concept of holding onto money long enough for it to generate a diversified portfolio of assets. These assets act as a metaphorical pregnancy, eventually giving birth to additional streams of income that can cover all financial obligations.

Indeed, assets like real estate, private lending, and dividend-paying stocks play a pivotal role in this wealth-building journey. By understanding and applying these principles, you can cultivate a mindset that empowers you to achieve financial independence and prosperity.

02/05/2024

Hi Fam,

Welcome to our Monday Money Mind-set series, as we all know that cultivating an abundance mindset is a continual process that involves regularly reassessing and realigning your thought,(s)and action(s) towards financial well-being. I believe that this video will assist you in gaining better understanding of your money orientations and reinventing the wheels in turning your financial goals to reality.

01/30/2024

"Have you ever heard the saying, 'Never put all your eggs in one basket"? It's a cautionary advice that warns against risking everything on a single venture. Why? Because if that 'basket' falls, all your 'eggs'—or in this case, your entire investment—could be lost in an instant. This concept isn't just about safeguarding physical assets; it's a powerful metaphor for financial security. Diversifying your income is like having multiple baskets. If one falls, you've got others to rely on. In this video, we'll explore why income diversification is not just a wise strategy but a crucial one for achieving financial security. Dive in with us as we unravel the secrets to spreading your eggs wisely across multiple baskets, ensuring that even if one path falters, your financial well-being remains secure.

01/29/2024

Hi Friends,

Welcome to our Monday Money Mind-set series, as we all know that cultivating an abundance mindset is a continual process that involves regularly reassessing and realigning your thoughts and actions towards financial well-being. I believe that this video can assist your dream at the start of the week and maintain a belief in your potential to turn your dreams into reality.

Address

Winnipeg, MB
R3W0L1

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 10am - 4pm

Telephone

+2348033645554

Website

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