#1 » Jegz (m) from Naija » September 17th, 2017, 7:27 am
More often we tend to believe that earning more money automatically translates to wealth. However, experiences have shown that this is not really true. There is another factor that is equally as important as making more money. And this factor, when defective, can make one look as though he's not making enough money at all. And unless addressed, such person will never attain financial mastery and independence, and hence fulfillment. That factor is Financial Habits.
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No matter how much you make, if you fail to master your habits, you can remain very poor forever, never having enough. never breaking free from the financial slavery of spend-it-before-you-earn-it debt doom cycle. However, if you can cultivate the following four habits I am about to unveil, the earlier the better for you. Even if you don't make more money, you will at least manage and apply the little you have to live a life of rest of mind void of many financial heartbreaks, uncertainty and potholes. These four factors and habits will tell whether you are barely making a living or you are actually building wealth.

Below are the 4 habits.

1. Living below your means
Living on less than you make is a critical approach necessary to building and maintaining wealth and financial stability. It also helps avoid debts big time. Spending as much as you make or even more than you make will definitely enslave you into an eternal gallows of a life cycle of make-it-spend-it cycle. One in which you are just one paycheck away from being broke, homeless, car-less, hopeless or even dead. That is not the best of lifestyles. You deserve to live a life of rest of mind and financial stability. Living on less will help you able to have money for other purposes life emergency savings, retirement savings, investments and many more that can help you look into the future with at least some rest of mind.

To achieve this, it is important to check your lifestyle and spending habit.Do you impulse-buy? Do you even have a budget for your income/salary?

"Poor people spend their money first and save what's left. Rich people save their money and spend what's left"


Those are words from the mouths of financial experts. To achieve this, you may need to simplify your lifestyle and also stop comparing yourself to others. Learn to be frugal and avoid all unnecessary luxuries that drain your pocket. This may involve going for an economy car or class, eat more at home rather than at expensive restaurants and other extravagant spending. You need to really control your spending. With this, you can be sure you save at least 10%, or even 30% of your income/salary every month.

2. Multiple streams of income
In finance and investment, it is a well known fact that you do not put all your eggs in just one basket. It can be hard to become financially independent on just one stream of income. For employees, if you lose your job, that may be the end of all income and you may be left broke or desperately looking for another job immediately, or you will be forced to dip into your savings. All these will definitely leave you broke or even in large debts in no time to pay your bills.

Having alternative sources of income tends to provide a financial cushion or shock absorbent in times of such distress. And also, multiple sources of income build wealth faster!

Great ways to build passive income or multiple/alternative income sources could be through side investments of side hustles. Some invest in rental properties that generate income. Some could try high yielding stocks. A side hustle has now become a great topic these days. Side gigs work best if they fit well into your time without stretching you too much, and its something you have skills knowledge and passion for, and that does not conflict with your current day job.

The best kinds of side hustles are what you love doing. Can you freelance? Affiliate marketing? Design logos or websites? Teach? There are numerous money-making opportunities out there that can fit right into your schedule and also fetch you good income. It is becoming more rampant these days that people end up resigning from their day jobs to face their long time side hustles 100% after realizing it makes them more income than a 9 to 5 does.

3. Let your money work for you
People who end up being wealthy in life do not work for money all the way. At some point, they put the money they have to work! And when you let money work without distracting her, she performs miracles. She multiplies herself!

Am I speaking in tongues? No. Only solid investment plans and actions create sustainable wealth. Salary will not take you there. A Yoruba adage says:

Day job (work) is for making a living. But investments (trade) makes one rich. (Ise omo alaseje, owo omo alasela!)


That is the truth! Rarely will you find a salary job that can take you to your financial dream of being independent and maybe rich. Work (salary) will only sustain you up until you have been well spent and your youthful vigor expended to the last drop by your employers till you reach retirement. And pray that your pension comes. Is that the best life to live? I bet you deserve better.

Accruing wealth requires real capital investments. This involves putting money into products and services to make profits while still not losing your investment seed. You may start a company or build a product which you market and sell.

Of course this requires taking calculated risk. But running away from the risk will jeopardize your financial future. Or compromise your dreams of becoming financially stable someday. Take calculated risks, and protect your investment with savings plan. Businesses thrive when you don't tamper with the working capital and especially when you plough back any profit into the business. That is why you need what I call the Rainy Day savings. This will support you in lean times without jeopardizing your investments. So, t a point real quick, let money start working for you. Invest.

4. Giving back
Fulfillment in life is not only about how much you have, but important is also how much you have given back and how many lives you have touched. I admire with awe learning of many American billionaires who make it a habit to give back by helping the less privileged and also empowering others. Even if you are not yet a billionaire, there are ways through which you can give back. And know what? It's for your won benefit.

When you cultivate the act of giving, and when you empower and enrich others, you are securing your own future I will the following ways:

One, it connects you with the world and your community at large. It's very rare to make sustainable wealth without people. We all need people. People around us are our greatest assets. They are the ones who OK would patronise you, they are the ones who would recommend or condemn your dreams.

Second, givers never lack. It's and act of nature. To receive, you need to open your hands. It will be hard to receive on a tight-fisted hand. This does not mean that you should give out senselessly even your own little means of survival. But cultivating the act of giving back help bestow on you blessings from the heart of the people.

Third, giving back leads to fulfillment. When you help a charity course, or you aid the less privileged, or you help someone achieve a life dream, or you help the needy, tell me, what feelings grow in your heart? Unparalleled joy and fulfilment and satisfaction. This is the calling of every human who has the ability.

Sometimes ago, I donated a little fund via the World Food Program to starving children in an area of the world hit by earthquake. Each time I remember that little act, I feel some sense of joy. Cultivate the art of giving back today.

In conclusion, there is a thick fine line between barely making a living and actually building wealth. The 4 habits discussed above may not make you reach automatically. But even in the short to medium term, you will start experiencing improvement in your financial mastery. Talking of simplifying your lifestyle, to avoiding impulse buying, and the importance of budgeting, alternative source of income, and giving back, you can live a life free of avoidable heartaches and financial malady which can ruin your happiness and fulfilment in life.

Good luck.





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- an energetic young man whose shy demeanor conceals in him a steel-trap mind of tremendous intellectual capacity and force....

#2 » Key7 from Osogbo » September 17th, 2017, 8:04 am
Impressive sir. :clap:
I am blessed by your words.
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#3 » Jegz (m) from Naija » September 17th, 2017, 8:22 am
Key7 wrote:Impressive sir. :clap:
I am blessed by your words.

Thanks. :good:
- an energetic young man whose shy demeanor conceals in him a steel-trap mind of tremendous intellectual capacity and force....

#4 » eMade (f) from Abuja » September 17th, 2017, 8:38 am
Loaded! :good: :clap:
Respect obeys #Karma; gimme back or lose it!

#5 » Horsfall George from Port-Harcourt » September 17th, 2017, 8:48 am
Coded tinz
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#6 » eMade (f) from Abuja » September 17th, 2017, 8:52 am
Horsfall George wrote:Coded tinz

What's coded about it? You better keep those advice in your left hand so you don't forget. Really.
Respect obeys #Karma; gimme back or lose it!

#7 » Horsfall George from Port-Harcourt » September 17th, 2017, 9:22 am
eMade wrote:
Horsfall George wrote:Coded tinz

What's coded about it? You better keep those advice in your left hand so you don't forget. Really.

You don start ooo. :mrgreen:
Visit WWW.YukHub.com to enjoy the fun.

#8 » eMade (f) from Abuja » September 17th, 2017, 9:44 am
Horsfall George wrote:You don start ooo.

We are together bro. One love. :lafff:
Respect obeys #Karma; gimme back or lose it!

#9 » Hotsaint from NIGERIA » September 17th, 2017, 10:12 am
great job
weldone sir!!!
Amiable. Diplomatic. Always ready to help others. Adventurous. Great sense of humor. Loves to enjoy life. Active and restless. MORE EMOTIONAL THAN PRACTICAL. A good motivator. spiritual and God fearing. Good looking and. Faithful lover. Hasty decision maker. Brainy and clever via 07087398541.

#10 » TruSteE1 from Uyo » September 17th, 2017, 10:47 am
i never got time to read that, my simple advice is 1.always live below your mean and also seek to increase it.
2.always save some percentage of your income before spending
3.stop borrowing to impress those unimpress
4.dont let your money lie dormile .a good money should be able to reproduce its kind.(investment is key) Need more.. PM me ASAP..
Life is NATURE and NURTURE. ¿?¿?¿?get 30% of your investment weekly, you can PM me to know more >>> link removed (deadline: 30/10/17)
show me your friend, i'll show u your future.

#11 » Horsfall George from Port-Harcourt » September 18th, 2017, 6:13 am
eMade wrote:
Horsfall George wrote:You don start ooo.

We are together bro. One love. :lafff:

No fighting. :mrgreen:
Visit WWW.YukHub.com to enjoy the fun.

#12 » NiceGuy (m) from Lagos » September 18th, 2017, 5:55 pm
Nice one. :clap:
Lasting #Change is a gradual process...

#13 » Phatman » September 18th, 2017, 6:52 pm
TruSteE1 wrote:i never got time to read that, my simple advice is 1.always live below your mean and also seek to increase it.
2.always save some percentage of your income before spending
3.stop borrowing to impress those unimpress
4.dont let your money lie dormile .a good money should be able to reproduce its kind.(investment is key) Need more.. PM me ASAP..


Why should we PM you? Who you epp? :t'g:

#14 » TruSteE1 from Uyo » September 19th, 2017, 2:35 pm
i say if you need more, its not mandatory to do so neither is it compulsory, i don't know what is your own (heb12:14) .u up there
Life is NATURE and NURTURE. ¿?¿?¿?get 30% of your investment weekly, you can PM me to know more >>> link removed (deadline: 30/10/17)
show me your friend, i'll show u your future.

#15 » Jegz (m) from Naija » September 27th, 2017, 11:52 am
Laffsss. :hi:
- an energetic young man whose shy demeanor conceals in him a steel-trap mind of tremendous intellectual capacity and force....

#16 » eMade (f) from Abuja » September 28th, 2017, 9:30 pm
Phatman wrote:Why should we PM you? Who you epp?

Take it easy bro
Respect obeys #Karma; gimme back or lose it!

#17 » sinsia (f) from Lagos » October 12th, 2017, 5:38 am
Great stuff. That cool!


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