Tuesday, September 1, 2009

Money Ideas

Financial freedom is something every human being should desire and go after. What exactly is financial freedom? Financial freedom is a state you get to in life where you don’t necessarily have to work again and yet be able to meet your various needs. This means that you have built a level of income that keeps bringing in money for you without you having to keep working for it. It has been discovered that the best kind of income every individual should build is passive income. This refers to the investments you initiate once and you keep earning from it over a very long period of time. An example is a song album, writing books, royalties from landed properties, etc.

It’s amazing that a lot of Nigerians are not aware of these facts. What most people clamour for is to go to school, get good grades to get a good paying job and keep working until your retirement age. I tell you the times are changing. We’re no more in the industrial age. Information is what gives you an edge in the world of today. To be truly rich you need to mind your own business. With this I mean that, you have a business you own. You may or may not be working for another company, but ensure you set up a successful business you run alongside, or employ competent people to run it.

No matter how much your salary is, if all that you earn comes from your salary at the end of the month, week, etc. You are an illiterate in matters of financial education. To become rich you need to think and fashion your life as the rich do. The rich save to invest while the poor save to spend. The rich buy assets and their assets on the long run buy and maintain their liabilities. But the poor spend their money on liabilities showing off a lifestyle that is bigger than whom they truly are. Live within your means and then expand that means. Don’t try to impress people that you are more than what you truly are.

Money in the real sense of it is not evil neither is it good. Money takes on the nature of its custodian. If a bad man handles money, he uses the money to perpetrate evil. So also when a good man is in possession of money, he uses the money to perpetrate the good which he has inside of him. This is one of the reason every good person must possess lots of money and channel then to the right course - doing good.

If you say that you do not want money or you criticize those who do and say they are greedy. Over time I have come to realise that this kind of people are truly the greedy ones. They are so selfish they care about their selves alone. All they want is to have their own needs met and they don’t care about what happens to others. To be truly rich you need to care about the people in your surroundings, you must have a passion for people and find ways to help solve their various problems.

It’s a natural principle. Money automatically flows to the direction of the person that solves problem. If you want to be rich, look for problems people are facing and offer solutions to them. The only reason you are not as rich as you desire to be right now, is because you have not helped enough people solve enough problems. The simple way to make money and make it big and have it flowing consistently is to add value to the lives of others. When you add value, you’re adding money to yourself indirectly. Everyday of your life make it a goal to add value to others and you will be enriching yourself by so doing.

Daily I come about great money making opportunities because I have chosen to love problems. I do not look at it the same way other people look at it. When I see problems I see opportunities. Looking for solution to the problem is the only thing hindering me from my expected level of income. Once you can proffer solution to a common problem, people will flood your abode with lots of money to trade for the solution you have.

Life is about trade and barter. You want something, you need to look for something of equal value you can give to get what you want.

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