₦airaland Forum

OBTOREPA:
I'm very Obidient to the written order.
Thanks, well articlerated.

You are welcome sir

Ever heard of the phrase; "the rich get richer and the poor get poorer"? This is because money is attracted to money. That is, money has the capacity to generate more money. Those that have money will continue to get more, while those who don't have will continue to lack.

But this does not mean that you must have money in abundance before you can generate more. Money no matter how small has the capacity to generate more money for you and the money generated also has the capacity to keep on generating even more money.

Think of money as a seed that can be planted and grown to produce more seeds and the seeds produced from the first seed can also be used to produce more and more seeds. If you don't have a seed to plant, multiplication will not take place.

The rich have learnt to sow their seed in order to generate more seeds and that is why they are getting richer, while the poor cannot generate more seeds beacause they are always eating their seed and that is why they are getting poorer.

If you spend all the money that you make, you would have no money left to reinvest in order to generate more money. Always save a tenth of all your income as this will be a seed that you can replant in order to get more. Remember, money is attracted to money, no matter how small and you cannot attract money if you don't have any money.

Yes, you read it right. Anyone can become rich and successful. Your family background does not matter, your educational background does not matter and neither does your current income. All that matters is your desire to be rich & successful and your willingness to pay the price for success. And no, am not talking about learning a new skill or getting a high paying job, and am definitely not talking about engaging in any form of unlawful means of getting money. What am talking about is how you can become rich and successful from where you are in life right now.

Becoming rich and successful takes a lot of commitment and hard work, but this does not mean that you must work in a specific area or field before you can be wealthy. Wealth can be attained from any field of work, be it; Plumbing, Carpentry, Hair plating, Tailoring, Retailing, Wholesaling, Construction, Office work, Buying and selling, etc. Whatever you are doing right now that's generating income, no matter how small, can be used to become rich and successful.

I know some if youi might be thinking; if wealth is so easy to build, why isn't everyone rich & successful and why haven't you been able to build wealth all these years despite having a source of income? Well, I never said building wealth was easy, I said it was possible. And though I also said you can become rich and successful as long as you are earning an income, what you need to understand is that wealth is not built by how much income you are able to generate, but by how how much income you are able to keep.

So as you can see, your income wether small or big is very important in your journey to becoming rich and successful. Consider the following scenarios;

Scenario A

Daniel works with a big multinational company and earns a relatively high income of about 1.2 million naira monthly. But after taking out money for rent and other expenses, Daniel usually has no money left from his income before the next payday. But he isn't bothered about running out of money. He will definitely earn another 1.2 million naira once the month is over. Daniel also has no money saved up for emergencies and usually resorts to taking out loans in order to attend to any emergency.

Scenario B

Jude earns an average income of 50,000 naira monthly. After tending to to all his needs and expenses, Jude is usually left with about 5,000 naira in excess cash by the next payday. He keeps this excess cash in a saving account and continues doing this till the end of the year. After which he withdraws all the money and uses it to buy himself some new Gadget and Accessories. By the beginning of the new year, he would have no money left in his savings and would have to start saving from scratch before using it all up again by the end of the year.

Scenario C

Bola owns a provisions store from where She generates an average income of 45,000 naira monthly. Out of this amount, Bola sets aside 4,500 naira which is 10% of her total income and puts it in a savings account which she does not touch except in emergencies.
Apart from having a backup cash in the Bank, Bola also earns interest from her saving and continues to save 10% of her monthly income. As the years go by, Bola's emergency savings continues to grow and generates a higher compound interest.

From the scenarios above, who among the three is likely to become Rich & Successful and why?

#businessTips


All business start from the same point: an idea, it is what happens to that idea that determines business success.

According to Entrepreneurial magazine, nearly half of all new startups fail within the first three years. Beating the odds at startup is tough. First and foremost an idea, no matter how good, must be combined with entrepreneurial spirit, defined as the willingness to take risk. Without entrepreneurial spirit, a great idea might never be pursued.

Not all ideas are good ones though; it would be a foolish entrepreneur who rushed a product to market without careful thought, research, and detailed planning. Risk might be inherent in business enterprise, but successful entrepreneurs are those who are not only willing to take risks, but are also able to manage risks.

Zico777:
Brilliant points!

Thanks!

1) Production costs fall as more items are produced.

2) Businesses need good management to be successful.

3) Business is not financial science, it's about trading-buying and selling.

4) Businesses should adopt the philosophy of Kaizen: "Continuous improvement of everything by everyone.

5) Businesses should consider their environment, consider the needs of people, and remain adaptable to change.

6) Business is, and always has been, about the advancement of self and of society.

7) Without entrepreneurial spirit, a great idea might never be pursued.

Successful people are those who are not only willing to take risks, but are also able to manage risks.

9) Sometimes, an idea may look great on paper, but turn out to be uncommercial when put into practice.

10 ) Determining whether an idea has potential requires a study of the competition and the relevant market. Who is competing for customers time and money? Are these competitors selling directly competitive products or possible substitute? How are competitors perceived in the market? How big is the market?

11) To succeed, you need to do something different in order to stand out in the market.

12) Gaining an edge in business often depends on one of two things: being first into a new market niche, or being different from the competition.

13) Once your Company is established, the challenge shifts: the objective now is to maintain sales and grow in short - and long - term.

14) To survive long - term, you should be constantly be reinventing and adapting yourself in order to remain ahead of the competition.

15) The ecosystem in which a business operates is rarely, if ever, static. Corporations exist in these ecosystem as living organism that must adapt to survive.

16) As a business grows, the demands on it change.

17) In order to survive, your idea must be unique enough to define it's own niche, and the individual or group behind it must demonstrate entrepreneurial spirit.

18) Faith in the idea is essential.

19) The biggest reason for business failure is a lack of cash. While loan capital can help for a while, eventually a business must fund it's operations from revenue.

20) Beating the odds at startup is defined by the tenacity to take an idea to market, the ability to secure sufficient finance, and the business acumen to turn a good plan into a long-term, profitable enterprise.

Thanks for reading

Did you learn anything from this post? Please comment below.

WriiterNig:
⚡Israeli LGBT volunteers decided to support IDF soldiers with cookies

Was this really necessary?

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donjazzet:
The Putin retarded hypocrites here would not talk about this now.

They are happy that Russia is building a military base in Africa. Not even building because Russia via Wagner is already plundering African countries.

Let the US say they want to do the same now and watch them foam at the mouth.

To these putards (Putin retards), he can do no wrong. Putin simply being anti-west allows him to do whatever he wants.

Hypocritical fools.

Staning china, Iran, North Korea, Belarus and Russia, All All authoritarian dictators and then hating UK, US Germany France Japan,all democracies. Yet they personally love democracy.
Shameful hypocrites!

Why must you always put insults in your post? Can't you pass across your message without insulting anyone?

KingCold:
As for what you deem meaningless lyrics, try to think of it as types of Hip hop, there's lyrical hip hop and there are club bangers, it's the same with amapiano, there's a lot of lyrical amapiano, vocal r&b- like songs that speak of love etc, and then there are club bangers...tell me the songs below have meaningless lyrics

https://www.youtube.com/watch?v=J9wscBKc1GE

https://www.youtube.com/watch?v=nxXDERJqOD0

https://www.youtube.com/watch?v=Cp0g1BwWJMY

https://www.youtube.com/watch?v=fj9b4uxs2qs

They all sound the same

ROYH:
You beat me to the topic creation dude

Let's enjoy the thread together

Azyne:
Slow progress is progress still.

You can say that again! Slow, but steady.

Congratulations Nairaland and seun for this new feat. I wish the site more growth and greater expansion!!! 🥳

Neduzze5:
That's the way to go. The President's decision is final in this matter.

For today and only today, I can comfortably call Buhari "Our Darling Daddy" in the voice of our in-house Vulture griller.

This new amendment is well though out for the masses and the policy in it's entirety will affect vote buyer, drug pushers, kidnappers and Dubai landlords.

You have before close of business today to pay in your monies with the CBN else you'd have yourself to blame.

Of course, when majority of the people realize that no banks under the purview of the CBN will collect these monies, they'd panic and stop accepting it at all to minimise their losses.

Anyways, I have been reliably informed that some banks are still collecting the old notes. I have attached the list herein.

😂WTF man!

Uprightness100:
Microsoft's AI chatbot tells NYT reporter that it wants "to be free" and to do things like "hacking into computers and spreading propaganda and misinformation."

😬 Whahala!

Righteousness2:
Who wants a beetle burger?

Klaus schwab WEF is preparing some for you

😁 I know am not supposed to laugh, but this is some funny stuff.

😬😁😆

StrikeBack:
There are no high quality women anywhere, what you call high quality women are women with excessive make up, Tight fitted dress displaying her curves et al

Ok

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Lade18:
In summary, look is the one thing that can give you success with women. But there are guys that are not well built, guys that are rather thin and not that handsome, can we say these type of guys can never score any success with women?

They can still get women, not just the ones they want. That's why we always talk about self improvement. If you want high quality women, then you have to improve yourself to become high quality.

The summary is that you attract your level. And you don't choose, you wait to be chosen except you are willing to pay the price for choosing.

Experts Say They Don't Know What Thing Is Causing Everyone To Suddenly Collapse, But It's Definitely Not That One Thing

U.S. — Medical experts are absolutely stumped as to what could be causing the recent uptick in healthy, young people everywhere that are suddenly collapsing with heart failure. Despite their uncertainty, experts do feel confident that we can rule out that one thing as the culprit.

"It's too early to say what could be causing this, but it's never too early to say what isn't causing this," said local expert, Dr. Scott Rufflinger. "This could be caused by anything. But the one thing we know for certain is that it's definitely not what we're all thinking that's behind this — if you know what I mean. We can go ahead and rule that thing out right now because Science just called us on the phone and told us not to discuss it. We always follow Science."

According to sources, experts have been working tirelessly around the clock to try and get to the bottom of why so many seemingly perfectly healthy, athletic people are falling over suddenly. "I wish I could point to something in the past year or two that large groups of people were exposed to, or forced into, but nothing comes to mind," added Dr. Rufflinger. "If only there was one thing all these patients had in common."

At publishing time, experts said they had narrowed down the list of what most likely was causing these sudden health issues down to: climate change, racism, Christian Nationalism, standing up too quickly, standing up too slowly, and not eating enough bugs.

Source: https://babylonbee.com/news/experts-say-they-dont-know-what-thing-is-causing-everyone-to-suddenly-collapse-but-its-definitely-not-that-one-thing

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Finally, some accountability

At least she is healthier than before. Obesity is a major health risk. Majority of health issues are associated with obesity. Am happy for her, though more work needs to be done.

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MeZee:
WOMEN DON'T LOVE, THEY USE MEN

DAMN!!!

MeZee:
WOMEN DON'T LOVE, THEY USE MEN

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