Showing posts with label Blog/Website Tips. Show all posts
Showing posts with label Blog/Website Tips. Show all posts
Thursday, 15 August 2013
Tuesday, 16 July 2013
Wealth creation – Rule 18 (Learn from the Experience of Those Ahead of you)
Wealth creation – Rule 18 (Learn from the
Experience of Those
Ahead of you)
If you
must create wealth then you should learn from the experience of those ahead
of you. Have
you ever wondered why some jobs require that you have a work experience before accepting your applications? It is simple. They believe
if
Wealth Creation – Rule 17 (Confidence and Competence)
Wealth Creation – Rule 17 (Confidence and
Competence)
If you
must create wealth then you should have confidence and competence.
No man
goes to the war unarmed otherwise he
wants to be harmed. Confidence is the act of feeling sure about your own
ability to do things and be successful
while competence on the otherhand is having enough skill or knowledge to do
Wealth creation – Rule 16 (Take Risks)
Wealth
creation – Rule 16 (Take Risks)
If you must create wealth then
you should endaavour to take risks.
There
is what business practitioners call
trading with people’s money. Ideas has
the power of making you wealthy only if
you are prepared to take risks. Before you venture into taking risk, I will
advise you to make your due research. Most
Wealth Creation-Rule 15 (Crave to be Financially Free)
Wealth Creation-Rule 15 (Crave to be
Financially Free)
If you
must create wealth then you should crave to be financially free.
Hunger and thirst can only be quenched when food and water are provided
respectively. Your desire to create wealth is a necessary key to be financially
free. Not until you have that hunger, thirst and desire for wealth your life
becomes stagnant. Financial freedom is not something that
Wealth Creation –Rule 14(Patience, Persistence and Consistence)
Wealth Creation –Rule 14(Patience, Persistence Consistence)
If you
must create wealth then you should put patience, persistence and consistence to
work. Nothing good comes easy so don’t be in a rush. When you
become too anxious of wealth creation without being patient, persistent and
consistent
Wealth Creation –Rule 13 (Envisage the Future)
Wealth Creation –Rule 13 (Envisage the
Future)
If you must create wealth then you should
envisage the future. Consider and pay special attention to what t wealth you
want to create in the future. Any man who lives only for today without clear
visions and dreams for tomorrow and
Wealth Creation – Rule 12 (Allow your Investment to Mature)
Wealth Creation – Rule 12 (Allow your
Investment to Mature)
If you
must create wealth you should allow your investment to mature.
One
important characteristic of living things is growth. Wealth creation obeys this
principle of growth. It is not enough
for your investment to grow but rather allow them to grow to maturity. How will
you feel when you take a fruit that seems
Wealth Creation- Rule 11 ( Investment Diversification)
Wealth Creation- Rule 11 ( Investment Diversification)
If you must create wealth then you should
diversify your investment.
Just as
innovation is important in business expansion so also is investment
diversification important in wealth creation. For the fact that a particular
business is booming at a particular
period of time, that does not mean hard
times will never surface.
Wealth Creation – Rule 10 (Apprenticeship)
Wealth Creation – Rule 10 (Apprenticeship)
If you
must create wealth then you should be an apprentice.
To
start with, an apprentice is some one who works for an employer for an agreed
period of time in order to learn the
particular skills needed in doing their job.
Wealth Creation – Rule 9 (Plough Back Profit)
Wealth Creation – Rule 9 (Plough Back Profit)
If your must create
wealth then you should plough back your profit.
To
plough back your profit into your business simply means to reinvest your profit
into your business in order to improve
it. The purpose of ploughing back your profit is to encourage business
expansion. It is an error for you to squander your
Wealth Creation – Rule 8 (Invest your Savings with Discretion)
Wealth Creation – Rule 8 (Invest your Savings with
Discretion)
If you must create
wealth then you should invest your savings with discretion.
Sometimes
it is not just all about savings. A man who lacks discreet saving investment
plans will perpetually live in poverty. It is not just about planning but
planning wisely. Great business empires in the world today started because
their
Wealth Creation – Rule 7 (Avoid Unnecessary Competition and Impression)
Wealth Creation – Rule 7 (Avoid Unnecessary Competition
and Impression)
If you must create
wealth then you should avoid unnecessary competition and impression.
Competition
is a situation in which people or organizations try to be more successful or
better than others. Competition can be helpful sometimes but when you are
incapable of doing it the healthy way then be sure to hit a rock. Never try to
Wealth creation – Rule 6 (Balance your Savings and Spendings)
Wealth creation – Rule 6 (Balance your
Savings and Spendings)
If you
must create wealth then you should balance your savings and spending.
One day
while I outside my house amidst my
neighbours I heard one of them saying that the money you will need to execute a
big project cannot be gotten by savings. I just smiled at his ignorance because
that was his believe. There is the
Wealth creation – Rule 5 (Be a Problem Solver)
Wealth creation – Rule 5 (Be a Problem
Solver)
If you must create wealth then you should be a
problem solver.
The
economist asserts that human needs are insatiable(unsatisfiable) despite the
fact that the resources are limited in supply. A person that wants to create
wealth should be able to identify the problem in his environment (i.e
identification
Wealth creation – Rule 4 (Optimism)
Wealth creation – Rule 4 (Optimism)
If you
must create wealth then you should be optimistic. An optimist is someone who
always expects good things to happen or things to be successful. An optimist
sees positivities where others (pessimists) see negativities. He has the
Wealth Creation – Rule 3(Ideology)
Wealth Creation – Rule 3 (Ideology)
If you
must create wealth then you should be ideological (Be a Person of ideas).
An idea
is a plan, thought or suggestion especially about what you want to do at a
particular situation. It is a very popular
Wealth Creation – Rule 2 (Goal Setting)
Wealth Creation – Rule 2 (Goal Setting)
To
create wealth, you must recognize the importance of goal setting.To
start with, what is a goal? Simply put a goal is something one hopes to achieve within a given time
frame. It is synonymous to aim. Goal setting is very important for
Rules of Wealth Creation: Wealth Creation-Rule 1 ( Be Ready to Learn)
Rules of Wealth Creation
Having
introduced us to the concept of wealth creation it is therefore imperative to
share with us some basic rules that have the potency of enabling us to create
wealth. Once these rules are applied gradually with persistency and
consistency,
Concept of Wealth Creation
Concept of Wealth Creation
Before
we continue with the concept of wealth creation let us know what wealth means.
The Oxford
dictionary defines wealth as a large amount of money, property, e.t.c that a
person own or possess.
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