Post Views: 393 Since the introduction of money as a replacement for trade by barter, it has always been in circulation. One thing has remained consta...
Since the introduction of money as a replacement for trade by barter, it has always been in circulation. One thing has remained constant in the history of money is that only those who understand and know how to send it on errands or make it work for them successfully amassed and controlled it.
Before I go further, what is success? Success is travelling on the right road towards your goal. Simply put success is, “a progressive realization of worthy ideal”. Though money is very hard to define, for economic reasons, it is anything that is generally acceptable for settlement of debts, and a medium of exchange.
It is a common scene to see people who work round the clock or even earn reasonable salaries and yet have little or nothing to show for it. This is because they have one source of income, called “Linear Income”. Until you put your money down to work for you in the investment mix such as: real estates, bonds and shares, where residual income is generated, you have not succeeded with your money.
We live in Africa where some attribute their lack of wealth to being bewitched by some unseen forces. But the truth is not far fetched; it is lack of knowledge and non-application of the basic principles of wealth creation. Without the application of these principles, one will end up being enslaved by others, no matter how much one earns.
As a man’s status improves, so his responsibilities, while climbing the socio-economic ladder. Wealth does not come automatically to those who earn fat salaries or to the extra strong or educated. It only responds to appropriate principles, which like the law of gravity, will never fail as long as heaven and earth remains.
Receive the tenets of succeeding with your money
Here, a part of all your earnings should not be spent. Make it a duty basis to save a part of what you earn on a regular basis. Do not spend all your earnings, no matter how pressing a need may be. Most people that applied this principle in the past are wealthy today. No matter how much you earn, keep at least 10 percent of such for savings every month. Suppose you earn NGN15,000 per month, spend NGN12,000 on your needs and leave the remaining NGN3000 in your savings account. This is because you add NGN3,000 to your account each month. You will notice that in just five months, you will have at least NGN15,000. If you continue with this diligently, in 10 months, you will have over NGN30,000 (interest exclusive). So, you see that each passing month makes you worth more than you were the previous months. Your money will grow by the month.
As it grows, you get stimulated and greater inspirations will come to you to assist you make more money by investing in multiple sources of income. When you begin to implement and save part of the money that comes to you, money will flow to you more easily than before. Remember that doors of opportunity will only open to you when you have a solid financial base to utilize the opportunity for greater wealth.
No matter your profession, money/wealth can be yours if only you are ready to follow these principles.
Therefore, every one that is involved in a venture has to afford himself a stream that can make him as wealthy as he hope to become. Remember that all the money you desire in life is tied to the one you have now if you know how to send it on errand. It is a fact of life that the one who gathers much begin with little. The money you possess now, if properly utilized, can lead to a greater wealth tomorrow, but if you continue to spend all that comes to you, you have denied yourself the opportunity of succeeding with your money, thus making your future cloudy.
Be wise! Money flow to those who use it well, but flies away from those who spend extravagantly. Spending all your earnings brings you below the line, while saving and investing a part of all your earnings will bring you above line and sure prosperity!
A snapshot of Investdata Buy and Sell Signal Setup for one week.
The table below shows how the stocks INVESTDATA recommended have performed:
If you have sent your money an errand by investing in the stocks mentioned above for just a week, your financial worth would have increased with ease to meet many needs while enhancing your value.
Don’t be left out, join us in the coming Workshop on COMPREHENSIVE SHORT-TERM TRADING STRATGIES FOR REST OF THE YEAR & BEYOND
1. The Toolbox of Successful Traders & Technical Analysts- Mr Meshach Ukpoma, FX Analyst/Trader
2. Outlook and Implications of the 2017 Budget & Petroleum Industry Governance Bill (PIGB) on Nigeria’s Stock Market and Economy- Abiola Rasaq, Group Head Investor Relations, UBA
3. A Strategic Outlook; The Fusion of Fundamental & Technical Analysis- Ambrose Omordion, Chief Research Officer Investdata Consulting Ltd
4. Understanding Market Timing to Manage Risk, Using Technical Analysis – Mr. Abdul-Rasheed Momoh, Head, Capital Markets, TRW Stockbrokers Limited.
The workshop holds on:
DATE: 15 July 2017
VENUE: Ostra Hall & Hotel, Behind MKO Abiola Gardens, Opposite NNPC Gas Plant, CBD, Alausa, Ikeja. Lagos.
The fee is N20, 000 per participant. Payment made a week before the date of the event attracts 10% discount. Companies sending more than two representatives would enjoy a 15% discount. Payment should be made into: Zenith Bank; Account Name: InvestData Consulting Limited; Account Number: 1013033032.
For more enquiries about the programme, please call 08032055467, 08179547605, and 08111811223