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...
It's Time To Walk On Your Legs And Not On Your Head!!!
Economics 123
The most important tool to
acquire in the wealth creation process is KNOWLEDGE
When one is knowledgeable about any issue, he is not easily taken for granted infact he is POWERFUL, so active working POWER devolves from knowledge
And when one has acquired power, then it is easy to appropriate WEALTH adequately and objectively
Therefore anyone who wants to institute a sustainable wealth needs the power that comes from knowledge
But what most men are doing is just chasing money which is the same as pursing wealth; not many persons are willing to acquire the needed and most important knowledge skill to create wealth.
Because they are running after wealth without knowledge, that wealth is easily consumed and to maintain the level of being wealthy, such practitioners enter into many dubious means of making money including taking out loans which most times they are unable to pay back.
So walking on your head to wealth is the euphemism for acquiring wealth without sound knowledge while walking on your legs to wealth is the euphemism for acquiring wealth through sound knowledge.
It is important to know that wealth acquired without the appropriate knowledge is not sustainable.
Until one deploys
knowledge to the wealth creation process, making wealth will still be a mirage
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First Oguzie: JP
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Dr. Jerry - the First
Oguzie is a Physician, an Author, a Writer, Thinker, Founder, Convener and
success coaching addict. He is passionate about helping people become the best
versions of themselves through coaching, mentoring, teaching, enlightening and
enhancing their self worth. And the Platform he uses to reach out to people is
his Ministry of Encouragement (MoE). He
has deep interests in Personal Development including mindset reset and habit
change, Personal Finance, Wealth Creation, Health and Fitness. He believes that
financial knowledge (literacy) combined with self - discipline is the key to
achieving financial freedom.
He is the author of ThePractical Steps To Total Financial Freedom -
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1.The most important tool to acquire in WEALTH CREATION PROCESS is KNOWLEDGE.Acquisiton of knowledge comes from focused hard work. There is power in knowledge because it makes one very powerful because without it, it is difficult to accumulate Wealth. Walking on one's head to wealth is the euphemism for acquiring wealth without sounding knowledge which is most times unsustainable. Walking on one's legs to wealth is the euphemism for acquiring wealth which is sustainable. 2.Wealth = Knowledge + Power. 3.(a)Knowlege, (b)Active working power & (c) Discipline & Prudence : Without knowledge one will not be sound Wealth Creation . Active working power is critical because wealth creation requires diligence. . Without discipline and Prudence, one will be making money and at the same time squandering it. 4. What "Making wealth will still be a mirage" mean to me is making wealth will will still be something impossible and unattainable.
ReplyDeleteKnowledge is very essential in the wealth creation proesss
Deletehowever the mindset for wealth is the most important
Wealth acquisition has to do with knowledge which is a key ingredient. We need knowledge to be able to sustain and generate wealth. We can't chase money , live from paycheck to paycheck, on loans and expect to be wealthy. Doing this, wealth creation will continually elude one
ReplyDeleteThank you sir for this post
1). Knowledge is power.
ReplyDeletePower is acquired through knowledge.
Wealth cannot be sustained without knowledge.
Wealth appropriation is effectively achieved by acquiring financial knowledge.
Action is the best way way to work to wealth, wealth skills is needed to stay afloat with wealth acquired.
2). KNOWLEDGE = WEALTH CREATION= POWER=
WEALTH SUSTAINABILITY.
3).Wealth creation.
Wealth action.
Wealth sustenance.
Wealth creation is the ability to thinker out ways of making money. Ones ability to continuously explore means of wealth is a skill that is worth imbibing. Most people into wealth search do it wrongly, as such are incapacitated in making money.
The ability to bring into existence that wealth thinkered out is another important skill. Most wealth ideas died because of inability to bring into action that design. Most factors that causes the death of these ideas culminates into lack of design, planning, and eventual execution. Action is the top notch that brings into life the ideas conceived.
Wealth sustainability is the accumulation of these parameters into being. My personal belief is that, wealth should be transmitted. It's transmission is one of the best ways of it's sustenance. Just like the WEALTH CREATION COMMUNITY, if this means in not in use for the transmission of financial knowledge, then one is lost already.
4). Being a mirage is that, there is not height to attain. There is no bound to reach. It's a continuous process. No age limit, no obstacle nor whatever challenge is/and should be a clog in wealth generation. One must be geared up to continue generating wealth till the end of the journey here.
Great work
Delete1. 1. The importance of knowledge in wealth acquisition.
ReplyDelete2. The possible dangers lack of knowledge will pose in wealth acquisition.
3. Chasing money isn't the same as pursing wealth.
4. The correlation between power and wealth.
5. One can be working on his/her head without knowing.
2. Knowledge = Power = Sustainable wealth.
3. 1. Prudence: making sensible financial decisions and engaging in proper financial management.
Discipline: planning within the confines of your income so as not to take loans and run into debt.
Knowledge on expansion: with proper financial knowledge, you can easily diversify, invest wisely and proffer financial solutions to problems.
4. It means one might never be able to truly settle in or rather settle down believing that he/she has actualized their dream to create and maintain a steady flow or supply of wealth.
When one is knowledgeable about any issue, he is not easily taken for granted infact he is POWERFUL, as above write up goes, Knowledge is the most essential thing in life, infact it cut across all section or ramification of life. Even Bible said categorically clear in Proverbs... That my People perish because of lack of knowledge.
ReplyDeleteKnowledge is Light
Power answerable to Knowledge.
In a nutshell to be successful and stupendously wealthy, one needs an in-depth knowledge of wealth Creations.
It cannot be overemphasized that knowledge purposefully and properly acquired and applied is power. Knowledge is the beginning of all innovations and inventions. And therefore, financial knowledge and self-discipline as aptly stated by Dr. Jerry Oguzie De First, JP is the catalyst for financial independence and wealth creation in accordance with ones interest, passion or pursuit. I have learnt. Thank you.
ReplyDelete*Victor Morgan's Comment*
ReplyDelete1 ° Knowledge is wealth
° Knowledge brings real power
° Knowledge sustains wealth
° Chase Knowledge not wealth
° There are legit ways to make money and not getting involved with dubious means that leads to insatiable desires
2. Knowledge= Power= WEALTH
3. Discipline: One has to decide to be disciplined enough to garner knowledge required for wealth and also to implement. This is because knowledge without implementation will not yield sufficient sustainable wealth.
Mobile Cash Machine: A mobile or walking cash machines is someone who has money at all times or the ability to be able to create wealth. Take away his resources or ship them to a new location and give them few days they begin to generate income and build up wealth once again. This is mainly because the knowledge already gathered is put to use and money can then flow in.
Financial Independence: This comes in when you have applied knowledge and have seen results no matter how little, you now work on it to increase your yields. Financial independence is as a result of you taking full grip or hold of your finances and do the needful.
4. It means it will look like something not achievable or feasible. It will look like something that can't happen.
EKWEDIKE CHINWE
ReplyDeleteAny pursuit without grip will finally stumble at last.Knowledge is the backbone of every sustainable institution, organizations etc.As the book of the bible says knowledge is power. In all thy getting,get understanding. In the road to wealth creation awareness must be the priority without which there will be no progression. When it is lacking in a person or company, for instance in a particular product. It will lead to no headway.
2.Wealth=Knowledge + Power
Knowledge without it,nothing works.
Power:The power you have will make it possible for your sustainable wealth creation.
3.Discipline, knowledge, Budget
Budget- planning within your domain of income,guides your spending patterns.
Discipline:In the area of goals setting, drawing a plan and following it religiously.
4.It will look as if it cannot be reached.
1. (a) Knowledge is the most critical tool in the process of wealth creation.
ReplyDelete(b) Active working power evolves from knowledge.
(c)Sustainable wealth tries on the power that comes from knowledge when adequately and objectively appropriated.
(d) A lot of people are not ready to acquire the critical needed skill to wealth creation there by engaging in dubious means of money making.
(e) working on your head and working on your legs are both euphemism for either money making without sound knowledge and with sound knowledge respectively.
2. Sustainable Wealth Creation =
Power + knowledge.
3. DISCIPLINE: Anyone who wants to gain sustainable wealth, should be able to set rules/ patterns and judiously follow them to achieve them.
OPEN-MINDEDNESS: Being open-minded, enables the person adopt new & better methods which might be increase productivity & efficiency.
RISK-TAKER: There's a general saying that no risk, no reward. After getting knowledge & power, you should have the ability to venture into an endeavour after proper evaluation.
4. Wealth creation would be an unrealistic hope or unattainable endeavour.
Knowledge is the key tool one ought to acquire in the wealth creation process. Knowledge is needed for wealth to be sustained and generated. Knowledge acquisition comes from hard work. Power is acquired through knowledge. There are reasonable ways to make money without dubious means.
ReplyDelete2) Knowledge = power = wealth sustenance
3a)discipline
Prudence
Financial independence
3b)discipline=one have to set his/her goals right and ensure to plan and follow up with the plans rigorously by working with his/her budget to prevent running into debts.
Prudence=Reasonable financial decisions should be taken and proper financial management should be engaged.
Financial independence = knowledge must have been gotten, applied and sustainable results seen, thereby taking charge of your finances and doing the needful.
4) it means nothing can achieved or it is not feasible
Franca Ezekwem
ReplyDelete*1.* In 5 sentences, summarize the post
Wealth is more than just having money. Anybody can have money; we've been hearing of people inheriting wealth since time past, and people winning lotteries and competitions with heavy cash awards. Wealth is more than having millions in your account. Wealth is two things basically; having the knowledge to make wealth and sustaining wealth. Without these two keys, the journey to wealth will just be a tough race after money and a sad reverse to zero point.
2. KNOWLEDGE=WEALTH=POWER
3. Mention and briefly discuss three (3) skills to be acquired with the financial knowledge base
Wealth acquisition skill - It takes great skill to make wealth. It could be skill in talent, business, administration, leadership. Everyone has some inbuilt creative muscle. All one needs to do is to stretch out, so as to extend to and effect change at different sectors of the economy.
Financial sustainability skill - It's one thing to make wealth, it's another to keep wealth. Without proper planning, wealth acquired can go down the drain. Sustainace plans would include investments, insurance, business partnerships, expansion etc.
Wealth Management Skills: Wealth might look bulky to handle, especially when one has many different set ups. And if proper management is not put in place, what was once a castle might end up becoming a hut. However, with the wealth management skill, one can easily deploy sound knowledge to the wealth creation process to effectively control wealth.
4. What does the statement "making wealth will still be a mirage" mean to you?
Sadly, a lot of people are still devoid of the appropriate knowledge to wealth making. They keep pursuing wealth the wrong way; chasing after money rather than the knowledge to make wealth. And when it becomes difficult to keep up with the luxurious life that money affords, debt and bankruptcy becomes the next bus stop. Until the knowledge of wealth making is acquired and applied, making wealth will remain a shadow; so close yet so far away.