The journey to financial freedom has never been proven to be easier. Whatever you see as success today is an accumulation of thousands of odinary effort of the past years that you might not even pay attention to.

Every effort counts in success. That is why you must hold yourself responsibile for your actions and inactions.

In the word of Jim Rohn success leaves clues.

I totally agree.

If you want to be a successful athlete that the world will celebrate you must endeavour to look out for the successful athletes in that your area of interest and study them closely.

The reason is that,
Most things we want to accomplish have been accomplished by someone else at a particular point in time.

All you need to do is to study them closely.

This will reveal some important clues you need to be successful in your chosen career.

Having got those clues that can help you in your way to success,you must endeavor to put them into action until you to get the result you desire.

This same processs is also applicable to anyone who wants to attain financial independence like the rich and successful people

So, I'm going to share with you 4 important tools of the rich and successful people.

Number one:

They use other peoples money(,Opm)

This form of financial leverage is peculiar to the rich who are well educated financially. They have learned how to use good debt and other people's money to build empire and create exponential wealth.

Now let me ask you this?

How long will it take you to safe 1Omillion naira out of your hard earned income to acquire a rental property that will bring you cash flow

Indeed! This will take a very long time and unnecessary sacrifices to achieve this feat.

This is one of the reasons why you need proper financial education to know how to use good debt and other people's money to grow your wealth.

However it is quite unfortunate that what most of us were told is to run away from debt.

Debt is bad

Get out of debt! Get out of debt is what most financial planner keep telling us.

They never told us that there is a good debt and bad debt.

The rich use good debt and other people's. Money to build empire.

Most successful entrepreneurs I have seen and worked with make use good debt and other people's money to grow their wealth.

Their bankers love to give them money because they are credit worthy.

If you are confused with good debt and bad debt.

Let me give you this simple analogy.

Good debt brings you more money because you use it to acquire assets that bring cash flow .

When you use debt to build hostel in a school environment where student accommodation is a very big problem. This is a typical example of good debt.

The cash flow from the hostel you built in a school environment where the demand is higher than the supply will pay for the expense of the property including the finance cost.

Bad debt on the other hand takes money from you either daily, weekly, monthly,or quarterly.

A typical example of a bad debt is a car loan.
Most people are poor today because they incure huge amount of consumer debts.

Please note:

It takes financial intelligence to use debt. That is why the first investment you have to make in your life is an investment in yourself...


https://www.youtube.com/watch?v=L2547kFwZZU

To become rich (in anything) is a bit like a nuclear bomb: if there is no critical mass, there will be no explosion. So, one can not generate riches from "less than a critical mass" of money.