Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,172,167 members, 7,884,072 topics. Date: Monday, 08 July 2024 at 11:23 PM

6 Principles To Adopt To Find Your Future Wealth - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / 6 Principles To Adopt To Find Your Future Wealth (720 Views)

Nigeria’s Top Five Billionaires Whose Wealth Could Wipe Out Extreme Poverty / Attitudes That Can Improve Your Future As An Entrepreneur / 9 Silent Nigerian Billionaires Who Keep Their Wealth On A Low Key(photos) (2) (3) (4)

(1) (Reply) (Go Down)

6 Principles To Adopt To Find Your Future Wealth by katibu(m): 6:48am On Feb 24, 2015
If your goals for this year include
building wealth, then consider taking
these six principles to heart. While many
of these tips take time and patience, they
are the time-tested principles for
success, so work at them consistently.

1. Invest in education
While this approach to finding wealth
takes both time and an initial
investment, this is one investment that
will pay off over your lifetime. By
investing in additional schooling, you are
not only investing in your own personal
growth, you are opening up new doors
for yourself in the future. Getting the
proper education can help you get the
right career or right clients that can lead
to the wealth
In today’s market, education is very
important, and for many it is a lack of
education, not ambition or natural
talents, that is holding them back from
the success they desire. That's not to say
you need six-figure school debts. Online
colleges and educational institutions
have transformed the way the education
process works, and you can make the
most of this by taking advantage of the
low cost tools out there. Thanks to the
Internet, you can learn skills that will
change your life for much less, but
realize that money spent on expanding
your knowledge base is the best money
you can spend, so spend generously.

2. Live humbly until you make
it
There is an old adage that you should
dress for the job that you want to have
instead of the job that you have. Along
with this mindset, many people decide to
live the life they want to have in the
future, instead of the life they actually
have. With this in mind, put in the effort
to live as humbly as possible until you
really make it, and then enjoy the fruits
of your labor. It can be hard to do, but
the money you will save can be put
towards the investments you need to go
to that next level.

3. Say no to debt -- it’s
a slippery slope
Many also live by the adage that you
need to spend money to make money. In
some senses, this is true. However, if
spending money to make money involves
going into debt, it’s best to avoid this
approach at all costs. Debt is a slippery
slope and can get you into a hole that
you may never get out of, no matter how
much money you end up making.


4. Make an outline of your life
Make an outline of the goals of your life
and think big picture. It’s a process to
reach some of these big, lifelong goals,
but spending less than an hour a day
doing something that moves you toward
them will start setting you up for success
and the financial wealth you have always
wanted.

5. Realize there is potential to
get rich in virtually any field
People want to get rich, but they think
there are only a few ways to do this.
However, if you take the time to realize
that the world is an open and ever-
changing place, and that you don’t need
to be a doctor or lawyer to get rich, you
can get on a path for success that will
lead you to the wealth you desire. There
are plenty of individuals who are
inventors, small-business owners, writers
and everything in between that have
found a life of tremendous wealth. Don’t
feel like your choice of career limits your
earning potential.


6. Prepare yourself for
challenges
Everyone wants to get wealthy and make
money, but it’s not easy. If it were easy,
everyone would be wealthy. With this in
mind, prepare yourself for the challenges
ahead of you. Choose a field you are
passionate about, even if traditionally
most people don’t make money at it.
There are so many opportunities to make
money in today’s creative world.
There is an abundance of money out
there waiting to be earned and if you put
in the time and effort to overcome
obstacles and become the best at what
you love, you can finally find that wealth
you have been looking for.

Re: 6 Principles To Adopt To Find Your Future Wealth by Godfullsam(m): 6:57am On Feb 24, 2015
7. Have confidence in God.
The bible says it is God that maketh WEALTH.

2 Likes

Re: 6 Principles To Adopt To Find Your Future Wealth by katibu(m): 7:35am On Feb 24, 2015
Godfullsam:

7. Have confidence in God.
The bible says it is God that maketh WEALTH.

good point though not essential. people from all religious background and faith get rich. there is something at play here other than believing in God.
Re: 6 Principles To Adopt To Find Your Future Wealth by richesng(m): 10:54am On Feb 24, 2015
It's a good write up. My own addition is that there good debts and there are bad debts. If you invest in good debts and utilize it well, there is nothing bad in that. You can use good debts to generate more revenue for instance.

1 Like

(1) (Reply)

Goats (ogufe) Wanted In Large Quantities In Lagos / Laterite Borrowed Pit / Business

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 13
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.