You have to realize the fact that without conscious effort and plan, it is not possible to accumulate great wealth in this world. If you don’t have any plan to make money, you will never be rich.
Important Points to Keep in Mind: If you really want to get rich, it is recommended that you keep in mind the following points.
Choose your friends carefully, your friends matter. Show me your friend and I will tell you who you are, this is a very popular proverb that I love. The friends you keep can influence your ability to build wealth.
Gifts won’t make you rich (and they can’t). If you want to be rich, you have to graduate from going to friends and family to begging for things on others to survive. Living off people will not make you rich, no matter how rich your benefactor is. Go out and work with your hand, stand alone and let the divine ideas flow, make use of these ideas that God is bringing to your mind.
Save money every time you get paid. The best way to raise capital for your future business is to save money now, a minimum of 10% of your income is recommended. Your savings must be in a savings account or a fixed-term deposit account as the case may be. You have to make the decision to never draw on these savings for daily needs and expenses, but instead see them as savings for your future business. You only extract from it for commercial purposes, that is, for investments that will generate higher profits and make you more money.
Invest in shares of viable companies. Buying stocks is a very powerful way to save money so that your money will be used to work for you and earn more money for you. Someone said: “The rich do not work for money, but money works for him.” When you invest in viable stocks, he is simply making money to become your slave, working for you to make more money while you sleep and do next to nothing. True wealth is having money to work for you while you have enough time to enjoy it. Many CEOs have a lot of money but don’t have time to really enjoy their money. When you invest in stocks, your money works for you while you make more money; you have enough time to enjoy it.
Venture into viable businesses. Salary or wages cannot make you rich; wealth comes from doing business and not from receiving a salary. Doing your own business is the beginning of wealth creation. What kind of business can you do to get rich? Any business you love; What are you passionate about? in which you are gifted. Wealth is not the product of any particular business; it is a product of a man who is determined to do it. I have seen shoemakers go out of business, as a result of bankruptcy, at the same time, some other shoemakers were making so much wealth that they became colossi in this world. So, it is not the business that generates wealth, it is the man behind the business. It is true that the business is important, the man behind it is more important.
There is no business under the sun that does not have the potential to make you a millionaire. Many are flocking to oil and gas, or telecommunications, and some are succeeding, while others are failing. You are more important than the business; It’s not the business that thrives, it’s the man behind it that makes it thrive.