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DRIVEN

I was 4 and I watched the place I called home burn to ashes. I watched my parents relocate to Abuja and start from scratch. I remember how my mum had to struggle to get on a bus and still had to pay attention to me to make sure I am not trampled on by other individuals trying to hop on the bus. I know the pain READ MORE

QUICKEST ROUTE TO SUCCESS AND WEALTH

It is a beautiful evening and I have decided to write something short and precise *sips water*

Who said there is no shortcut to success? The person lied or lets say the person did not tell you the complete truth. At what age did Mark Zuckerberg, Justin Bieber and many other teen stars and icons start making money? How long did it take them to make the news? Life is not about the “Hustle”. Its about FOCUS.

The path of life is not crooked. The road linking you to your goals (If you have any) is a straight path, what makes it appear “supposedly” crooked is the distractions of life. Distractions make our light of direction appear seemingly dim and gives us illusions in the shadows, it keeps us searching for the light that we already have, taking us far away from our path and sometimes reality of life brings us back. This journey to the world of distractions (which could be more than one trip of course) and back gives the impression that life is zig zag. Do it right and get it right!!! Stop making excuses!!!

A wise man said that most often the intentions of people are right, it is the manner of execution that is often wrong. Is it wrong to want to be rich, or to have a good result? NO but you do not have to steal or cheat to get your desires.
Want to live a life of comfort, worthy of emulation, transparent and worthy of sharing, then do what is right to get what you want!!! Don’t be distracted by the wrong ways, anything that you have to do in secret and obviously not confident enough to do in public on your journey to success and wealth, AVOID IT!!! Live your life like you are being watched. Ask yourself if i was on tv today and billions of people had to watch me act, what will I hide or change?… CHANGE IT NOW!!!

Decide what and who you want to be. You are getting older by the day and time is not on your side. Success is all in impact. You have to make something out of yourself that is worth emulating. The path of planning, goal setting and execution may not be an easy one but it is the quickest route and trust me you will enjoy your wealth later and set a strong platform for your family (especially your kids) and be a role model to many.

Do the following:

WRITE YOUR GOALS NOW!

WRITE A PLAN DOWN

PICTURE YOURSELF REACHING THAT GOAL (MENTAL PICTURE)

MAKE SURE YOU ARE ONE STEP CLOSER EVERYDAY

To learn the art of goal setting visit GOAL SETTING STEPS or watch our you-tube video of the week if you prefer to watch and listen rather than read.

Don’t make or share the news. MAKE THE NEWS! BE THE NEWS!!!

See you at the top.

Love,

Einsteinette.

STEPS TO WEALTH 2

You may want to catch up on Steps to Wealth 1 before proceeding to read this. In the last post we shared very insightful tips.

In other to be an effective expert at controlling money you must try the following

  • Plan your needs and prioritize your wants. This way you satisfy your needs first and with time you might discover that some of the things you want are not so necessary. The essence of prioritizing is to bring to light the important wants and the unnecessary spontaneous cravings. Distribute your wants into A,B,C and D. A contains very important and profitable wants, discard most of the contents in D. when categorizing ask yourself what would I gain buying this? Do I need this? Is it necessary? What implication would it have? … Ponder and be true to yourself.
  • Shop for value not quantity. Most people are deceived by the quantity and ignore the quality. The thing is you end up spending more because those of quantity spoils or fades quickly and you have to buy again to replace it. Go for quality.
  • Ask for a discount once in a while in shops you know do not have a fixed price for things.
  • Budget: Discipline yourself to avoid spontaneous spending and never spend out of your budget
  • Examine our receipts and store them. Use them to balance your weekly or daily account. Store then in a shoe box or folder or file etc.
  • Balance your accounts. Evaluate how much you spent and make sure it correlates with your budget.

5.Save:  Saving is like building a foundation for wealth it doesn’t bring the wealth itself. To be wealthy and comfortable you have to save before you start investing in something  that makes money work for you and brings in a constant flow  of money to  replace what is spent aside your salary make your mind to save a particular percentage daily,  weekly, monthly. Pay the money directly to an account that you do not have an ATM card or withdrawal slip for. Keep it where you know you can’t touch it easily.

Source
Source

6. INVEST and START A BUSINESS: Saving helps you raise capital without borrowing or a loan but sometimes you might need to do something large scale. With your birthed idea you can find sponsors who would be willing to invest in it as partners and get a percentage of the profit but if you are doing something small scale you can use your savings to start your small business. Investing brings in a constant in flow of cash. To keep buying everyday and live comfortably, we need a constant source of money because salaries keep you at a mediocre level. Live above the mediocre (average) mentality and get wealth legitimately by investing in a business, someone’s idea, your idea, mutual funds, shares etc. the rules of investing are:

  • Study and get information on what you are about to invest in. Know the stakes, risks involved etc. find out all about it. In-depth knowledge is required.
  • The longer you invest (leave your money in the money market) the lower the risks (stock market) e.g. 5years and above. Do not use the stock market as a gambling ground. Do not play the market.
  • Gambling is not investment. It is the easiest way to lose.

The keys to starting a business are:

  • Get on purpose: Do what you love. Your business should be in line with something you are interested in. Ask yourself “what do I like to do?” “What am I good at” “what interests me?”Etc. answer yourself.
  • Choose a business in relation to your life style.
  • If you have an idea, ask questions but do not let out your idea except you are ready to do business with the person you are involving or telling.
  • Gather information about it and find out the lapses in people that are already in the business if it is not a totally new concept.
  • Make a detailed business plan.
  • Become the best at what you do by making your business unique or add something that would make me attracted to your product and not the others. Try and correct the mistakes made by others in your own product.
  • Even if uniqueness sky-rockets you to the top do not be scared to legitimately copy and learn from others but make yours better and preferred.
  • Be slow to hire and fast to fire. Make sure your employees are what you want. Do not compromise.
  • Packaging is extremely important. Your advert and marketing is important. Packaging attracts the consumer and content keeps the consumer.
  • Take a step at a time. Do not rush in to deals, nothing good comes easy.

7. Protect your Assets: how???? Simple

  • Avoid conspicuous consumption
  • Avoid putting assets in your name
  • Never co-sign a loan for anyone
  • Carry adequate liability insurance
  • Avoid all “recourse” debt
  • Operate business from a cooperate entity
  • Never go into a business without a detailed business  plan
  • Never go into a partnership without a “fool proof” exit/escape plan
  • Never put all your eggs in one basket
  • Prepare for the worst but be optimistic

8. Be A Giver: it is important to be a giver because it opens doors for blessings. What goes around comes back around. The people you help on the way to the top may be there for you if you ever fall to lift you up or when in need.

9. Read: Read about those that have made it and are now wealthy or died wealthy. Learn from their mistakes and get tips from their stories. People like Warren Buffet, Bill Gates, etc.

Love,

Einsteinette.

STEPS TO WEALTH

People have this benign and crazy concept that money is the root of all evil but it is not money that is the root of evil it is the LOVE of money. If money is evil why then do we need it??? If you are wise you’d understand that poverty is a curse. It is undesirable and most likely a bigger root of evil than money would ever be. Many people want to be wealthy but are not ready to do what it takes to get there. To be wealthy you need your money to work for you. Here, I have written steps that can make your money work for you while you are awake or asleep. Good things do not come easy it is necessary to prepare our minds for the tasks. If you want wealth, there are key sacrifices and focus points that you must pay attention to, they are  called money secret or skills. I stumbled upon them and I thought I should share this information, so we can grow together:

1. Value Money: Every dime you have matters, see it as a mustard seed that can bring in a massive tree when planted even if the seed looks small. If you were to save 100 naira daily for the next 30 years, you will have 36500 in a year and 1,095,000 naira. In 30 years you are a millionaire without stress or a job or business, just by saving a 100 naira note daily. This doesn’t make you rich quickly but you would get rich for sure. Every money  including 5 naira is a seed, you can get rich on the money you are wasting. the longer you wait to get started the steeper the climb. you can’t make poor decisions today and expect wealth tomorrow.

2. Avoid debt: Avoid living above your means. You earn 10,ooo naira a month, you have no other source of income and you try buying a shoe of 15,000 naira. The  truth is you cannot avoid the debt because your next month’s salary that you have not even seen would have to pay for it. If you do not have the money, well let it go. A debtor is a slave to the lender. The life of a debtor is stagnant and everyone in life wants to move forward so, avoid debt.

3. Account For Every Penny: “I  had some money yesterday and I cannot even place what I spent it on now it’s finished”. I’ve heard people use this phrase so much that it almost seems normal to the world. Ever wondered why records are kept in business organizations? It is to monitor the money flow and productivity. Treat yourself like an organization, everyday or week evaluate and give account of the money you’ve spent. When you spend money on unnecessary things, the awareness dawns on you. this way you can  keep check of your spending rate. Do not forge productivity, if you spent the money on something unnecessary document it, if you spent it on ice-cream document it. Do not lie to yourself because you’d be cheating yourself. The greatest form of deceit is self-deceit.

4. Control Money: Never let money control you. How do you control money? Simple. Have a plan in the following order:

-10% for God or charity

– Save 10%

– Self

-Taxes

-Rent

-Household expenses (food ingredients, etc)

-Automobile

-Entertainment

-Insurance

-Debt/ Miscellaneous (spontaneous / unplanned spending)

-Business expenses (investment)

Every month or day, any money you get break it into the following categories. Never substitute any one for the other. If there’s excess, in any category, save it.

to be continued…

Love,

Einsteinette.