How To Be A Wealthy Man 10 Tips

What is Wealth?

This is simply the affluence and enormous materials or money or properties  in possession of someone.

It makes one with little or no significance in the society to be reckon with. The higher the wealth a man possess, the higher his responsibility and the more busy busier he is and also the lesser time he has for leisure and family.

Who is a Wealthy Man?

This is a normal poor man with Money, affluence and privileges which he never waste. Being wealthy does not mean you have everything but as the privilege to have that particular needs come, a wealthy man never misses it as he would have been prepared for such an occasion.

Being wealthy depends on some factors

1.   Where you live

2.     The kind of Job you do

3.     Your level of exposure to business environment

4.     How you deepen yourself in research for information that would add to you

5.     Your readiness and preparedness towards Opportunity.

Etc

Now let’s think Outside the box, being poor is not because you don’t have the opportunity or in your local area where people considered dry land, things good cant come out from there, its simply because your thinking and attitude towards life and your environment where you are located is so poor and lack confidence to take profitable risks.

Considering a life in Africa especially in Nigeria, people always have the believe that family curses and lack of parental blessings do constitute greatly to their lower level of living. But, if you underestimate the power of constructive information (not a negative information that could lead to loss) and the readiness to take any opportunity when it comes.

Being prepared for opportunity is the road map to getting the opportunity which is the pre-requisite and key guide to achieving your goals in life faster.

How to Join a Wealthy Man’s League Generation (What to do)

1.     Family Mentoring and Training:

Old adage always says, whatever you would become outside has to rob on you from inner mentoring for a particular period.

For example, a boy that has never been under financial tutelage and supervision in a business line cannot just wake up today and say he wants to invest on anything, he would always prefer a white collar job to risking his pocket for anything. Such a person would always lose whenever he decides to jump into business.

For this reason, it’s always better to train your child on how to turn N2 naira to N10 naira, how to write a proposal for any contract or any seminar presentation skills, Locations to markets where he or she would get materials needed in case of any supply contracts, processes involved in wise spending and being a good manager by emphasizing on the importance of Bank account etc

For example, in Nigeria, a tribe, IGBO by name, would always teach their children on what to do to survive by sending them to either their eldr brother or uncles side to learn one line of business and also how to save the profits gained till he becomes the great man his parents wants him to be. The only thing lacking in this is kind of business tutelage is that, the child would lack formal education and he/she may not be able to gain the literacy process back again as only very few still think of going to school since they believe that what they are looking for in school Is money which they have already.

2.     Information Gathering genes:

Wealthy people are always one of the most informed people in the society of uninformed people. Developing the habbit of gathering information is a profitable one that could easily expose any opportunity that lies directly in front of someone but one does not even know it exists.

Example of this is a man that build his house on gold mine and never knew about it until he sent his child to school where the child was being told in geography that underneath their house, there lies a large mountain of gold but its buried under the earth crust. Having gotten this information, it was too late as the Government had also discovered, thus he was regretting not getting the information on time.

It’s always good to seek for information before it turns out to be someones testimony of success.

Let me ask you a question, Have you taken your time to search for more information about the area you located, opportunities that are vital and still lying waste, or about that job you do but no invention? All these question could be unwrapped by devoting your leisure time for adding to what you already know about things.

A man always say something, that “ Learn new thing everyday as it helps your brain grow “ , but me I would say it’s not only brain but your business, exposure, financial prowess etc

3.     Setting Target and Due Date To achieve your Success

A business process not given due date means its not a trivial process and it does not entails futuristic applications. Setting target for a particular success you want to achieve would always mak you work hard and it would serve as a drive to your weak mind, thus, it’s the fuel to achieving your success.

4.      Not All Wealthy Man are fraudulent:

People always think, all you need to do to have all your needs met is by involving yourself in dubious acts.

This acts is not a good one as one can be so wealthy and fulfilled without engaging oneself in one bad event or the other. Some took the pain as you are about to do now to ensure they remove their family name from poverty list. So, ensure, you do same and not go through rough roads with shortcuts on your mind.

5.     Find Several Channels of Income :

If your source of financing yourself all through your living and expenditure comes from a single means, you are still considered to be living as poor man. What if some sort of retrenchment occur? no matter how large is your salary, it would always run dry if you don’t have other means like 3-5 means you can fall back to if the major source is closed and pending the time you will get another major means.

A man that have a white collar job could add transport job to it or he could get himself a registered company where he can always fall back to for contract biddings. Another example is a business man with another shop that deals with services like barbing, dry cleaning etc sky is your beginning if you could take a time out to conceptualize what and what to add to yourself.

“Remember, you cannot choose a business that would consumes all your time and not allow you to manage your resources.” Be your own manager and CEO that has many businesses under him.

Also a banker that has a busy schedule can add blogging to his work or you tube monetizing things.

6.     Invest in Small scale businesses as part of your business channels:

Most time you don’t need large cash to make it in life, but what most people don’t know is that, having larger capital to start up a business does not mean they would make more profit in the business than someone that invest the cash in small scale business with good structure and management.

Large capital meant for large scale could always be use to found many small scale that can always grow into bigger ones after you might have gain a larger part of market share.

7.     Never Use Money or Loan Meant for your business for any other means Until you Have grown your business. (FOCUS and PURPOSE):

One saying said, if Purpose is abused, failure is inevitable. This deals with your level of focus on the actual purpose of your gains and money you burrow that was initially meant for your business.

If your turnover could not be turned into good money and use for business expansion, then the business will soon die and this kind of way does not make you a wealthy man through your character and thinking.

8.     Learn to be a Good Manager:

Being a good manager involves optimizing your resources and ensuring that you also minimize the cost of running your business as your aim should be to maximize profit.

9.     Always Think Like a Wealthy Man:

This means to be wise with your spending i.e do not spend more than you earn. E.g spending more on recharge cards instead of finding a means to invest the money you invest on non- profiting recharge cards.

10.              See Money Like a Messenger and not like a need.