What Do Rich People Have That The Poor Does Not Have Apart From Money? The rich has money which the poor does not have but aside that, there are other urbane possessions of the rich that the poor don't have and I will just write on10 of such. The rich has money because they have learnt how to make money flow to them effortlessly but the poor would never know or do that These other urbane possessions of the rich include: 1. Wealth Mindset The rich has learnt that his mindset is everything and thus he guards jealously never allowing weeds and negative thoughts to live therein and making every effort to avoid the victim mentality. But the poor has accepted his condition as his fate and thus makes no efforts to extricate himself from the poverty pool. 2. Personal and Financial Discipline The rich has taught himself both physical and financial discipline. He does not speak out of tune, he has a cultured mannerism, is often courteous and humble. He also...
How To Become A Wealth Creator
According
to research conducted more than two years ago in the United States of America,
more than one hundred billionaires are created each year.
Eighty
percent of these billionaires were entrepreneurs!
The
statistics above clearly demonstrate one fact: working for someone else will
never allow you to be truly wealthy.
Owning your own company is the perfect way to protect the future.
Individual wealth formation begins on the inside.
It's a mental phenomenon.
Whatever you believe on the inside can come out on the outside.
To be a successful wealth creator, you must set realistic goals and dream big.
Developing a product or service will improve your wealth-generation potential.
You may wonder, "Where do I begin?"
You
must begin with what you already have!
Never,
ever, ever, ever, ever, ever, ever, ever, ever, ever, ever, ever, ever, ever,
ever “A man's gift will always pave the way”
There are five ways to become wealthy.
• By way of Inheritance
Individuals also inherit their parents' wealth after they pass away.
The risk of accumulating such money, however, is that it would be spent irresponsibly because the person did not work for it.
• Working with someone else
It's possible to get a job with the federal, state, or local government if one is fortunate.
It's possible that it's a private establishment.
The above reality, on the other hand, do not contribute to your aim of accumulating wealth because you only benefit those for whom you work.
• Stealing or deceiving others
Many lazy people take this ignoble route and become rich as a result.
The issue is that they never get to enjoy their ill-gotten gains.
Any wealth gained by shady means only brings misery and suffering to the people who have it.
• Invest in a variety of business ventures
You will make money work for you by investing.
When you invest your capital, it grows.
When making investment decisions, you must take into account the different returns on investment that are available.
Before making any business investment, you should seek advice from a specialist and educate yourself on the subject.
You can fall into the money trap if you don't have a long-term investment plan in place.
What are the different investment
options open to a typical entrepreneur?
In the world of finance, there are several options to consider:
a global capital market
Bonds issued by the government
Mutual funds are a form of mutual fund.
Typical stocks
Treasury bills are bills issued by the governments of the World.
'Oil and Gas' is a term that refers to the petroleum and natural
Housing and real estate are two words that are sometimes used interchangeably.
'Gold/Silver' is a term that refers to both gold and silver.
One of the best ways to build wealth is to invest in business opportunities.
Still keep an eye on your savings.
• Starting a sustainable company of your own
This is one of the most reliable methods of accumulating wealth.
However, you must first recognize a market opportunity by recognizing people's needs.
Find out who is already selling similar goods or providing the service and do some research on them.
Discover why customers are purchasing your stuff.
Learn how much they're going for.
Following your discovery of the above evidence, you proceed to seek funding for your business.
This can be accomplished by using
>> Borrowing money from family and friends
>>Taking out bank loans
>>Personal financial planning
Before now, the form of company (sole proprietorship, partnership, limited liability) had to be decided.
Finally, you should seek legal counsel before registering your business.
ON YOUR WAY TO CREATING WEALTH, STOP AT THIS ROAD SIGN.
Acquire the ability to deal with annoyance.
Be enthusiastic about accumulating money.
Wealth = Passion + Profitability
Adapt to rejection
Concentrate and be inventive.
Give more than you anticipate receiving.
Maintain a constant awareness of current events.
Finally, I'd like to share this thought-provoking story with you.
On
holiday, two friends went to India.
They
noticed a lot of people walking around barefoot.
“Look at the extent of poverty!” one exclaimed to the other. The other, on the other hand, noticed a shoe factory.
He returned home and started designing shoes, as well as starting a shoe factory that made him a multi-millionaire.
#wealthisearned
#trendingwealth
1. Becoming a wealth creator is a journey one decides to undergo or embark on. This journey isn't as a result of external coercion but rather an internal conviction... It starts from the mind then as Robert Kiyosaki hinted, success or in this case wealth creation is 10% inspiration and 90% perspiration.. There are a lot of Pros and cons involved in this journey ranging from capital generation or fund raising to the legal aspects of registering and trademarking your business to all the marketing techniques on would have to adopt
ReplyDeleteso that he/she can build a sustainable business and yield profits in the nearest future.
2. It's starts in the mind! From seeing the possibilities that abound not that they are already diamonds but the potentialities that these rocks possess that after a short while they can become diamonds through come refining. On the commission of Disney land a reporter walked to Mrs Walt Disney and asked her "imagine how the late Walt Disney would feel if he could see this place" ( cos he died before the completion) she smiled and said this was the picture he saw from the inception...
3. A Salary earner can become comfortable but never wealthy because time is one of the major ingredients for wealth assertion which a salary earner doesn't have luxury of as he/she can be called to work anytime.
4. Be passionate
Be patient
Have a proper understanding of the market and how it works
Be more of a giver don't expect more
Be calm don't be on the edge cos clients and customers can be funny.. watch your anger...
Great work
Deletethis is quite enlightening
Keep it up
Summary
ReplyDeleteFrom me in this Story, I found out that one can't be a wealthy in life with only one stream of income, for someone to be wealthy needs to be universal most especially in this continent of ours. And I also learned that, you should make a concise research about any business(es) or Investments you intend to venture on, so that you can know more about it. I also discovered that, there are many ways one can start up business or an investment either by partnership or by one self.
2. For me wealth creation start basically from the very first time you step out and start.... As popular saying has it....that, a journey of thousands miles Begins with a Bold Step. And that step created from burning desires to be wealthy.
3. A salary earner could be wealthy if:
i. He or she works in a reputable company or an organization earning whopping amount of salary.
ii. If he or she has an impulse of thought of wealth Creation at back of his or her mind, and also put those thoughts into practise by learning first about the investment he or she wants to do before going into it fully.
4. 5 Tendencies of a wealth creators
1. Desire
2. Persistent/Committed
3. Discipline
4. Opportunity/ Optimistic..
5. A Giver.
Thanks
You really showed a good understanding of the subject matter
Deletewell done Sammy
Dr.Dennis Ekwedike: ANSWERS TO QUESTIONS ON HOW TO BECOME A WEALTH CREATOR. 1. Summary; Wealth Creation is an art and according to research conducted in the United States of America, more than hundred billionaires are created each year. Surprisingly, eighty percent of these billionaires were entrepreneurs. Meaning that to guarantee being wealthy or even becoming a millionaire or even a billionaire, one guaranteed way is to own one's own business. One has to make up ones mind to start a personal business or own own with some other like minds. To be successful however,one needs to have a realistic goals and at the same time begin with what one has. There are many ways of becoming wealthy namely Investments, working for someone or government, Inheritance of parental wealth, duping people , or starting a sustainable company of one's own.Each has it's own draw back but one of the best ways to build wealth is to invest in business opportunities and also maintain a disciplined savings attitude. The following attributes guarantees success in wealth Creation; Awareness of current events,Patience,Hunger for accumulating wealth,Adapting to rejection, not easily irritated and being focused. 2. Wealth Creation starts from the the mind,the inside. Whatever one visualizes and pursues aggressively manifest physically. Stories abound of people who first saw their riches and worked tirelessly before their physical manifestion namely example is the story of two men who saw many people that go about barefooted and one of them who was business minded cashed on the opportunity to open foot wear factory and became a multi-millionaire. 3. Salary earner cannot become wealthy by merely receiving monthly salaries unless he combines it with other businesses that will guarantee multiple streams of income. Depending on sale can never make one to be wealthy because the person will live pay check to pay check because salary alone cannot allow one to accumulate wealth. 4. Five tendencies of a wealth Creator are (a) Patience (b)Hunger for accumulating Wealth (c)Being focused (d) Awarenesses of current events & (e) Adaptation to rejection and not being easily angered.
ReplyDeleteA great work Doctor Dennis
DeleteYou showed complete mastery of the subject matter
Keep it up
Firstly, wealth creation is intentional.
ReplyDeleteWealth creation isn't immediate. It's a process/journey.
Wealth creation involves a diversified investment plus skillset it ability.
Wealth creation is also in Networking (I love this one. Billionaires have said this has been their biggest weapon).
Eventually, only the one who doesn't quit--because the road is tiring, frustrating and difficult--eventually finds wealth.
Good to read from you Paschal
DeleteWell done
1. According to the post, most of the billionaires are entrepreneurs. Working for someone will hardly make one a billionaire. This being said, individual wealth formation begins on the inside. Big projects start with small ideas. In other words, it is ideas that become reality when materialized and developed. And where to begin is to begin with what we have. Then, gradually investing in diferents buisness. Investement is stated, among inheritance, working with someone else, stealing or deceiving others, as a way of becoming wealthy.
ReplyDelete2. Wealth creation start on the inside. That is, conception of ideas which eventually become reality. For, example, if i want to become a car seller, i will start by conceiving the idea of how to become a car seller.
3. A salary earner can hardly become wealthy, unless you play football, work in oil companies as a top officer, work with federal government. For example, a person earning #70, 000 per month, after expenses, will remain with lesser cash.
4. A wealth creator is passionate about making profits. He adapt to rejection. He concentrates and is inventive. He gives more than he anticipates receiving. He maintains a constant awareness of current events.
Good work Francis
DeleteKeep it up
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