FINANCIAL TIPS TO ACE YOUR PUBLIC SPEAKING GOALS By LSUDS Finance Team

In Economics, there are terms known as needs and wants. Needs are basic amenities that one solely relies on to survive like food, shelter, clothes, good health, etc. Anything that revolves around this circle is a need. Wants, on the other hand, are desires, things that are necessary but secondary like phones, chains, and wallets.

As a public speaker, your needs are for your goals to be achieved while implementing knowledge of charisma, elocution, and pause fillers to deliver a dauntless performance and carry your audience along. Also, you want to improve as a public speaker and carve a niche for yourself. Though secondary, these want to take you to the next level in your career and help unleash your hidden potential and passion. To become an expert at hosting an event, delivering a heart-melting spoken word performance or starting your podcast and gaining so many followers or listeners, you have to take that public speaking master class and become certified.

Enthusiasm, talent and commitment are core qualities needed to be a proud and eloquent public speaker. But money plays a major role in acquiring skills to become better at public speaking and when you finally acquire this power skill you extend your public speaking services to the public like being an anchor of your podcast or co-host at an event, you earn money as an exchange for the service you offered. This is the reason why money management becomes inevitable. 

Here are a few personal finance tips to help you ace your public speaking goals:

• Track Budget and Expenses:

Budgeting is the meticulous planning and allocation of financial resources to achieve specific goals, effectively manage expenses and make informed decisions. Having a budget journal and tracker helps you monitor the way you manage your expenses. Meticulous budgeting allows you to allocate your financial resources wisely, enabling you to invest in your public speaking skills and maintain financial stability.

• Automated saving:

The 50-30-20 rule is proclaimed to help with savings. Setting up an automation button with a savings plan. The income is deducted once paid. On saving apps like Cowrywise, customers link their automation button with triggers of hobbies they love to make saving fun. They name their savings after a football club and turn on triggers or automation buttons. For every goal his club scores, an agreed sum of money is deducted.

• Investment:

Start investing as early as possible even with small amounts. Consistency and time in the market can lead to compounding growth. Investing in asset classes, sectors and regions. Look for low-cost investment options like index funds or ETFs to minimize expenses and maximize returns.

In conclusion, recognizing the distinction between needs and wants is essential for any aspiring public speaker. While the core qualities of enthusiasm, talent, and commitment drive your passion, effective money management is equally crucial to finance your journey to public speaking success.

By combining your dedication to public speaking with sound financial practices, you can not only achieve your goals but also secure your financial future. Ultimately, this harmonious balance between your needs and wants can propel you to success as a public speaker and help you fulfil your aspirations in this rewarding field.