WEALTH 101- Top Six Lessons You Need To Learn To Be Wealthy

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    I am taking the course WEALTH 101 today. It’s a norm to value job security,  that’s why the society asks you to go to school. But for me, the people with the most security are in the prison. Believe me, the more security you seek, the less freedom you have. I’m not against school nor jobs. I just want to encourage you to take some risk, experiment with certain things.

    Let your life be an adventure and not boring. Let me tell you a little story. There were two boys in the woods when suddenly a bear jumped out of the blues and came at them. ” Do you think we can outrun the bear?” One of the boys asked.

    To which the other boy replied,”I don’t have to outrun the bear. I only have to outrun you. ” Please keep this story because we are getting somewhere. Donald Trump, when writing the book, “Why we want you to be rich”.A book him and Robert Kiyosaki wrote.

    A book him and Robert Kiyosaki wrote. Donald Trump said, “I have a lot of classmates who were much smarter than me, but I make more money than they do. One reason is that I am an entrepreneur and they became employees working for big companies.

    Another reason is that they were working for the wrong industry. They went to work for dying industries ” Believe me, that’s what is happening now. Everyone wants to work for oil companies, big industries etc. But they fail to realise that these industries are gradually dying. The internet, cryptocurrency, and technology are changing the game. Imagine, we had business travellers that financed the airliners because they needed to travel frequently to make transactions and business meetings.

    However, I tell you now, with the internet you can do that easily. The airlines now are suffering, and gradually they are dying. What about renting halls to hold seminars and workshop.

    Do you know I can hold a webinar (seminar on the web)? I don’t need to spend money on a hall,  I just need the internet connection. I know guys that utilise WhatsApp to do a workshop and make cool cash.

    Change is coming, those who don’t adapt, or those that cannot outrun like the story I started with. Will end up in the stomach of that bear. They will live in the slums while those who can outrun. Those who study subjects like cryptocurrency, email marketing, blogging, freelancing, programming etc will be overwhelming rich because these are the new devices of making wealth.

    You need to have reasons that will drive you to obtain wealth. I suggest you start wealth101 with this book. “The Richest Man in Babylon”  by GEORGE S. CLASON – It is the starting point of wealth for any beginner.

    So let me tell you another interesting story, Jim Rohn was a broke employed family man and he worked long hours on his job. He had the mindset that working for more hours will make him wealthy as he could get a promotion and a raise. But he was wrong and he met a mentor that changed his life.

    FIRST LESSON:

    Find a guru that is trustworthy and has vast experience in the line of business you want to venture into. This lesson has helped me as a blogger as I made a professional blogger my mentor and coach and my blog, Cool Python Codes is getting popularity faster than the average start-up. One of the reasons that made Jim Rohn become very wealthy is a story I will briefly share with you now.

    On a fateful day, I heard a knock on my door and it was a little girl standing there. She gave me the finest sales presentation to market her cookies. She gave me a special deal that her pack of cookies was only TWO DOLLARS. With a big smile, she politely asked me to buy.

    I wanted to buy but there was a big problem, I’M BROKE, I don’t have TWO DOLLARS. To this day, I can remember the pain and the embarrassment. I’m a father, I’m a husband, I’ve been to college, I’m working, I’m 25 and I don’t have TWO DOLLARS. I didn’t want to tell her I didn’t have two dollars, so I lied to her.

    I said I’ve already bought a lot of girls scout cookies and I’ve plenty in the house, which was not true, but it seems to get me off the hook for the moment. She responded.’Gush! that’s wonderful, thank you very much’, and she went away. When she left, I closed the door and said I don’t want to be broke anymore, I won’t let this embarrassment happen to me once again.

    SECOND LESSON:

    Have reasons to be wealthy. For example, if you are a tenant, let your reason be no embarrassment from your landlord and for you to build your house. Therefore, for parents, let your reason be to give your kids the best in life because life is short.

    If you are financially independent, don’t be comfortable, venture into more businesses so that wealth can spread to others and that can make you even more wealthy.

    THE STORY CONTINUES…

    I promised to work hard as possible on myself and not on my job So I can add value to the marketplace. It took me a while, but finally, I made it.

    THIRD LESSON:

    You are paid for the value you add to the marketplace and not the time. Some of us think it is the longer I work, the more I get paid. No, you are WRONG. It is the more value you put into the time that you will be paid more.

    As an entrepreneur, businessman, employee, you have to improve on yourself, your vocabulary, your smile, your handshake and even the way you dress. You have to read more and more. WORK ON YOURSELF TO BE PAID MORE. That has also helped me as a newbie blogger as I continually work on myself so I can make more money.

     

    THE STORY CONTINUES…

    Then one day, I walked out of the Bank of America and two little girls were selling candy right outside the bank(good place to the market right.)

    However, I came walking out of the bank and the first little girl walked up to me. She said.”Mr, would you like to buy some candy.” I said I probably would, what type of candy do you have. And she showed me the brands she had and it was my favourite. Also, I said, how much is it, she said,”it’s just two dollars.”

    I then asked her how many boxes of candy do you have. She said five. Her little friend told me she also had four candies. I said that’s nine candies we got, I’ll take them all. They responded,”really.” I said that’s my favourite. I got some friends I would love to share it with. I gave them $18 and bought the candy, and one of the little girls said,”Mr, you are really something”

    FOURTH LESSON:

    Teach kids how to be financially independent and encourage them. One day they will become adults and they need to know how to fend for themselves. Also, you won’t want a child that is not prudent to manage your business in the future. Teach them tax, how you balance your accounts etc. The knowledge you have taught them will ensure they manage your investments.

    FIFTH LESSON:

    Salaries and wages may make you rich but profits and investment will make you a fortune. Are you surprised? You may ask, but my salary is so much, but you’ve forgotten that you can be fired or you will retire one day. What will you fall back on? It is the investment you make that will make you a fortune. Do you know any employee that is the richest man on earth? No! that will be your answer

    SIXTH LESSON

    Philosophy of the Wealth: Invest first and spend what’s left. Some entrepreneurs spend first and invest what is left that’s why their businesses don’t grow because they don’t put enough money back into their business.

    It will be all for now.

    THANKS FOR READING WEALTH 101. SHARE WITH FRIENDS

     

    ABOUT THE AUTHOR

    Rapture Chijioke Godson. A Chemical Engineering student, Entrepreneur, blogger, and Python programmer. He is the founder of Cool Python Codes. You can follow him On Twitter @classicdude1. You can follow me on Instagram @chijioke_ibe for more motivation.

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    Saminu Abass Ola who is popularly called ‘Mr. Possible‘ is a young motivational and inspirational speaker and writer, who is also the brain behind this wonderful blog. He is also passionate about Social Marketing. He believes in the abilities of others and tends to bring out the hidden potentials in people’s lives through his motivational articles and words of inspiration.

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