₦airaland Forum

uprof:
Often time I ask myself" why do very few people rich and majority stay poor?"

In my quest to find answers to this question,I realized that the rich and the poor differ in what they think about and what they do.

In this video I'm going to tell you 5 habits that make people stay in poverty for life

1. They live below their means!.
The habit of live below your means is doing more harms than good. With a view to living below their means, they cut down important cost on things that can make them go forward in life. Instead of living below your means why not focus on increasing your means.

If you will be realistic cut down cost is like cutting down things that can make you happy. Psychologically most things we buy increase our happiness and self esteem....



https://www.youtube.com/watch?v=D17HBY5Li_Q

For more update on money affairs click on subscribe through this link
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if you. Haven't watched this pls do,you learn a lot

adewale4great:
thanks for educating people on this platform

its my pleasure

adewale4great:
I want to help me make some clarifications

what is that?

adewale4great:
can you help me make sense out of something?

what is that?

adewale4great:
sure can you help me make sense out of something pls?

what is that

adewale4great:
can we say every accountant is financially Intelligent

absolutely not

adewale4great:
can pleasure help me make sense out of something

what is that?

adewale4great:
can we start to say every accountant is financially intelligent

no! absolutely not

adewale4great:
can you help me make sense out of something?

what is that?

[quote author=emmysmartt post=91461576][/quote]well done marketer

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 endeavor to look out for the successful athletes in that your area of interest and 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.


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

Feel free to add your own point in the comment session


Now let let hit the ground running.


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 save 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 an 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.

In the word of a renounced motivational speaker Jim Rohn, Formal education will make you a living self education will make you a fortune.

Number 2:

They take other people's time and pay them for the value they have contributed....


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

adewale4great:
let me e thank you for keeping us informed

its always my pleasure

adewale4great:
thanks can we say account have financial education?

you mean all accountant are financially educated

adewale4great:
in not currently on WhatsApp but later

no problem

adewale4great:
thanks for the motivation

its my pleasure

adewale4great:
can I ask you another question

what is that?

adewale4great:
I never new book like this existed before

that is the power of education. Whoever seeks will find

adewale4great:
can I ask another question

OK! Go ahead

adewale4great:
thanks

its my pleasure

adewale4great:
can I ask another question?

OK! Go ahead

adewale4great:
really!

that is nothing but the truth

adewale4great:
yes bro! in doing that thanks

its my pleasure

adewale4great:
I have one more question to ask

OK go ahead

tmdotts:
Good morning @uprof, keep up the hard work. I'd like to join your WhatsApp office.. please do add me @07031808343

I will message you shortly

adewale4great:
moving forward 55% going forward. the experience has been great

good I love that

adewale4great:
pls is there any difference between financial literacy and financial education

financial literacy is the ability to read number I mean account but financial education is the ability to apply financial knowledge to build sustainable wealth

adewale4great:
pls what is the difference between financial literacy and financial education

financial literacy is the ability to read financial statement ,financial education is the application of financial knowledge to build sustainable wealth

adewale4great:
which platform?

WhatsApp

SavageResponse:
Can you survive based only on what you earn from Binary Options trading?

Please go and respond on this thread which people like you who claim the make money from Binanry Options have been avoiding commenting on

https://www.nairaland.com/5889914/it-possible-survive-only-profits

well done marketer

adewale4great:
thanks for educating people through this platform

its my pleasure