STEPS TO GREAT RICHES YOU DESIRE PART 2

In our last article we examined three great steps a person that wants to accumulate great riches should take.Today we will continue to dish out other steps, so that you will be equipped with what is needed to get to where you want to be, from where you are now .


STEP 4.FIGHT AGAINST PARKINSON LAW=This states that no matter how much your income is,expenses always rise to meet the new level of increase of your income.Rise in position,rise in expenses.Break the rule,work against the law.Every time you are promoted in the office,try to save the difference between your new salary /income and your old salary.Apply same strategy to unexpected income.Always put same in your saving program.


STEP 5=SET ACHIEVABLE GOALS=The hard thing you can do to yourself is to set unrealistic target.Set only goals that you know you can achieve but don't set goals on money alone,strike a balance to include other areas like fitness,health,relationship and career.As a wise man puts it,"those who live a balanced life would take over the world.


STEP 6=GET A MENTOR=There is nowhere you want to be that someone has not been.Get close to someone who has done the exact thing you aspire to do and learn of him.A mentor prevents you from experiencing the pains and the mistakes he/she has gone through.If your mentor requires a fee,be ready to pay it.What you will gain by working with a good and experienced mentor is far more than the money you would have paid.Please don't be a parasite so that he will not avoid you.



STEP 7=DIVERSIFY YOUR SOURCE OF INCOME=Add to your current source of income,at least three other sources of income.To succeed, you need to have at least four streams of income.You are working in a bank or oil company fine,but you can still mind your own business while working for the company.I have a banker friend that run a cybercafe business big time.He owns about four different cafe centres .Why not set a goal of developing a new idea/skill per year for the rest of your life.



TO YOUR SUCCESS.

STEPS TO GREAT RICHES YOU DESIRE PART 1

Money is of importance to to our lives.Without money,virtually nothing can be done.We need money for life necessities like food,shelter,roof over our head, e t c,in fact money is the answer to our everyday needs.It is however ironic that in spite of the obvoius importance money commands in our lives,there is no formal institution where we are taught of how money works and how to acquire it.The institutions all over the world always prepare people on how to get a job and mismanage the money accruing from those jobs.I bid you to follow me in this site so that you will be learning everything you need to know about money and how it works.Let's boil it down to the topic of the day=NECESSARY STEPS TO GREAT RICHES YOU DESIRE.


1.PAY YOURSELF FISRT=We all, have cultivated a mind of paying others first than ourselves.We give great attention to our family members,colleages in the office,friends and well wishes.They always like to be close to us because we give out N1000 here,N2000 there and we forget to pay attention to ourselves.pay yourself first and then consider others.You must always reward yourself by taking away 10% of your income monthly first and put it in a saving scheme,possibly in investment instrument such as real estate or stocks/shares thereby employing your money to work for you.CONSIDER GOD'S 10%,THEN YOUR OWN 10% AND THEN OTHERS.



2.CHECK THE STATE OF YOUR FINANCIAL HEALTH=It is essential to do a thorough assessment of your state of financial health by asking your self some certain questions.WHY DO YOU WANT TO BE RICH? WHAT IS THE LEVEL OF YOUR INDEBTEDNESS? HAVE YOU GONE YOUR WAY OUT TO UNDERSTAND THE BROAD MEANING OF WEALTH,WHICH SHOULD INCLUDE SHAPING UP SPIRITUALLY,MENTALITY AND GETTING ON TOP OF RELATIONSHIP,CAREER, HEALTH AND FINANCIAL MATTERS? Don't make a mistake of thinking that you have missed it or that your mistakes are too seroius to be redeemed.You must be determined to face the moment of truth no matter how serious your financial ulcer might turn out to be.It is better you correct yourself from going on the wrong way to taking the right path on time.You will be surprised how fast you can move on the right path.


3.PUT A FINANCIAL PLAN IN PLACE=Once you understand your state of financial health,it is now time to put a financial plan in place.When do you want to retire? Retirement means when the total investment(the money you employed) alone is enough to take care of your expenses even if you don't work again for the rest of your life.Articulate the investment options that can make this possible,e.g real state,shares,businesses,e t c .Alway prepare a personal financial statements and get a good financial planner to come up with a good plan suitable for you.Without this in place, you are on your way to have a financial cancer when you retire.



TO YOUR SUCCESS.

THE RULES OF MONEY

TO acquire money,certain rules must be observed in order to get it.Infact when you master this rules i am about to share with you,and money will always obey and pursue you.It will be flowing in your direction bet me.let roll on.

1.INTEGRITY-To make money,this is the first rule you must obey.we need integrity in our lives to be able to get money.I remember when i started one of my businesses long ago,we needed cash in our company and going to the bank is not our option because by that time our company was still undergoing some difficulties,i just told my friends and they gave me the money i needed,why? because as it is now, all of them can trust me with any amount of money i need.They have developed high level of trust on trust.I am not perfect, but i believe that they have seen something that made them to trust me that way.So integrity is a principal thing in money acquisition.According to my RICH DAD,A man of integrity would meet helpers on his way to the top.

2.HARD WORK-This is a necessary requirement if you really want to build a lasting wealth for yourself.You must welcome hard work as a way of life and if you add smartness to it,you would move faster than you can imagine.you must be working more than other people around you.if you are working for somebody,that means you must stay on your assignment longer than anybody else in you place of work.

3.ENDURANCE-To make money,you must develop the ability to endure certain things that may come your way.Always be in the know that money have wings and can fly but you must endure until you are able to catch it.Those who chicken out easily when confronted with adverse situation are not ready to be wealthy.if you are determined to be wealthy,then you must see every problem on your way as a stepping stone and opportunity to make more money.

4.PERCEPTION-To crown it all, you need perception.This means thinking of what would happen in the future and putting things in order now to address that expectation.For example,before the recent world economic meltdown,i pulled out from some of the stocks in the stock market because i saw some signs coming.With perception you can foresee events that could wipe your business out and take necessary steps to address them.you can always protect your business from clashing if you have a good perception.

For anybody to be wealthy indeed,this rules discussed must be observed consciously .

SEE YOU AT THE TOP.

THE MONEY SYSTEMS EXPLAINED

Money indeed answers all things,and to acquire it is so simple but the hard part of it is keeping it.To manage or keep money has become a major problem of many people,you see money in their bank account today and tomorrow you will be looking for it but to no avail.I must add here that before you go to acquire money,you will first of all understand the different systems of money and how it works.wealth truly start from your mind before it now develop on the outside.Again to acquire money is so easy if you understand what i called THE SIX MS OF MONEY.LETS GO ON


The first M means MASTERY OF MONEY BELIEF SYSTEM=This has to do with how you set your mind towards achieving wealth.your mind set will either make or mar you from becoming wealthy because wealth always occur first in your mind before showing on the outside.It is the function of your heart because as a man thinketh so is he.When you believe that you are going to become financially free,you will achieve it if you work towards it.


The second M is MAKING MONEY.This involves steps an individual that wants to become wealthy must follow in order to move from poverty state to becoming financially free.it also entails openning different streams of income from where the money will be flowing in,that is building a solid cash flow base.This is done in two ways,working for people, companies or minding your own business.Th two options are good but i advice you to consider the later because it will make you to reach your destination fast than the former.


The third is MANAGING MONEY.To this end i must say that making money is not hard but the ability to manage it ,is what matters.To manage money,you must acquire some skills and relevant tips to sustain it.The lack of ability of managing money is the root of poverty.acqiure it.


The fourth is MULTIPLYING MONEY.This is using your money to make more money.At this level,you are no more required to work but rather your money will now be working for you while you go to sleep.Your money becomes your employee at this level.


The fifth is MAKING MONEY LAST.This has to do with your money lasting
from generation to generation after you passed on to glory,we see corporations like FORD MOTORS,GENERAL MOTORS,COCA-COLA,FIRST BANK PLS,E T C.These corporations were established by GREAT MINDS that were long gone to great beyond but their wealth still speaks till today.Most people fail at this level,some of the companies we had about when we were growing up is not existing again,why? the owners were gone and their wealth has gone with them.

The last and the most important one is MAKING MONEY COUNT.This involves giving back to the society from where the money came and using it to bless others.If you have not reached this stage,you still owe your society and you are still poor.

MONEY IS GOOD

Money they say, answers all things,without money nothing can be done.Infact it is a must have for every person living on earth.