Financial
freedom is one thing that is sought by many people today. However, although having
money is important, knowing how to multiply the money is more important. This
is because, money not multiplied, evaporates. In this article which is in
series, I will thus be teaching on how the rich manage, grow and multiply their
money.
freedom is one thing that is sought by many people today. However, although having
money is important, knowing how to multiply the money is more important. This
is because, money not multiplied, evaporates. In this article which is in
series, I will thus be teaching on how the rich manage, grow and multiply their
money.
Firstly,
I will not be subverting to say poverty isn’t caused by the lack of money or
resources but the lack of financial education which equates financial
intelligence. Need I say money cannot solve the problem of poverty but
financial intelligence which results are seen in a person’s bank account
statement.
I will not be subverting to say poverty isn’t caused by the lack of money or
resources but the lack of financial education which equates financial
intelligence. Need I say money cannot solve the problem of poverty but
financial intelligence which results are seen in a person’s bank account
statement.
On
the contrary, not everyone wants to be rich but it is important you apply key financial
principles which give you a leverage to stay afloat in abundance. A huge number
of financial advisors submit an obsolete principle which many a people still
adhere to today. The principles are:
the contrary, not everyone wants to be rich but it is important you apply key financial
principles which give you a leverage to stay afloat in abundance. A huge number
of financial advisors submit an obsolete principle which many a people still
adhere to today. The principles are:
1.
To save;
To save;
2.
To get out of debts;
To get out of debts;
3.
To Invest; and
To Invest; and
4.
To live below your means of income, et al.
To live below your means of income, et al.
Concurrently,
when the rules of money changed in 1971, the US dollar stopped being money but
became a currency. Savers became losers and debtors became winners. A new set
of capitalism emerged, because a currency devalues but real money appreciates.
I am not against saving nor getting out of debts but having your money laid in
the bank definitely isn’t a good financial advice.
when the rules of money changed in 1971, the US dollar stopped being money but
became a currency. Savers became losers and debtors became winners. A new set
of capitalism emerged, because a currency devalues but real money appreciates.
I am not against saving nor getting out of debts but having your money laid in
the bank definitely isn’t a good financial advice.
It
follows that, the quintessential character of the financially intelligent is
that they focus on investing in assets which bangs their bank accounts with
regular cash flow for life. While the financially illiterate buy liabilities.
Instead of exerting energy on living below your means of income, concentrate
rather on increasing your means of income as that is exactly what the rich do. Living
below your means is a financial principle practiced only by the average and
poor, not the rich.
follows that, the quintessential character of the financially intelligent is
that they focus on investing in assets which bangs their bank accounts with
regular cash flow for life. While the financially illiterate buy liabilities.
Instead of exerting energy on living below your means of income, concentrate
rather on increasing your means of income as that is exactly what the rich do. Living
below your means is a financial principle practiced only by the average and
poor, not the rich.
However,
allot a certain percentage of your income (25%- 30% & more) to Investments
and have your money work for you conservatively. Ensure you pay yourself that
percentage from every income you earn before you lavish, pay bills, liabilities
and debts. Suffice to say, so many are trapped by bad Investments which they
have no idea about but literally speaking, you can solve your “Not enough
Money” problems through these viable forms of Investments…
allot a certain percentage of your income (25%- 30% & more) to Investments
and have your money work for you conservatively. Ensure you pay yourself that
percentage from every income you earn before you lavish, pay bills, liabilities
and debts. Suffice to say, so many are trapped by bad Investments which they
have no idea about but literally speaking, you can solve your “Not enough
Money” problems through these viable forms of Investments…
-To
be continued!
be continued!
Godfrey
Okuigbedi is an entrepreneur, teacher and the CEO of Goswift Business
Network Ltd.
Okuigbedi is an entrepreneur, teacher and the CEO of Goswift Business
Network Ltd.
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topflyersmagazine@gmail.com or
call 08030808671, 07038864995
