INVESTMENT LESSONS THAT CHANGED MY LIFE

Growing up as a young boy from a middle class family, I had dreams of a great life like every other reasonable person and I did all I knew to do and worked hard to realize my dreams without much financial result. This brought me to a point of frustration fourteen years ago and I began to question everything I had known and done. This season of frustration led me to eight months research on the secrets of wealth creation. I made major discoveries and learnt vital facts and truths that changed my life and turned things around for me.

Everything I learnt and applied are the reasons for my book Pathway to Wealth, a book that shows you how to create wealth and make millions. The book and all my other wealth creation products and CDs are a-must-have for anyone who desires to become truly wealthy.

LESSON ONE: RELIGION IS MORE DANGEROUS THAN THE DEVIL

All over the world, religion has caused many problems for individuals and nations till date. The devil is an enemy you know, but religion is a foe you befriend.  I am a believer in God and a lover of Jesus. My relationship with God is the most valuable influence in my life but Christianity is not a religion as I later came to realize. It is a way of life, a relationship. Growing up in church, I was made to believe that the only way to prosper and create wealth is by loving God and giving. Over 90% of teachings and materials on finances from religious circles reinforced these beliefs. In my frustration and research, I later discovered that that belief was incomplete and out of balance. Giving alone cannot prosper you without balancing it with investment. You need both spiritual and physical investment to work for your good.

“SPIRITUAL INVESTMENT IS THE FOUNDATION AND SECURITY FOR ANY PHYSICAL INVESTMENT WHILE PHYSICAL INVESTMENT IS THE COMPLETION AND GLORY OF SPIRITUAL INVESTMENT AND ONE IS NOT COMPLETE WITHOUT THE OTHER”

LESSON TWO: SALARY ALONE CANNOT MAKE YOU WEALTHY

My research revealed to me that only 2% of rich people are salary earners. So, to become financially free, you need to move from salary to income, because earning salary is a form of slavery and your life and progress is measured by a scale called Salary Scale.

No wonder people are called “servants” – civil, public or private. There is nothing wrong in earning a salary, because most people will start from that level, but there is definitely something wrong with you doing that all your life without creating other income sources. Every salary earner needs to have a plan and exit strategy on when and how he will exit the rat-race of working for money instead of money working for him.

Your boss is not your source and he can’t make you wealthy, he is only going to pay you enough to keep you on staff. No one will plan your future for you if you don’t plan it for yourself. You need to move from salary to income.

If you save 10% of your salary every month into a good investment vehicle, you will be able to create other income streams and exit the rat race faster.

LESSON THREE: YOU NEED MULTIPLE STREAMS OF INCOME TO CREATE WEALTH.

Having only one source of income is not enough to help you create wealth. When I discovered the imbalance in the religious teachings years ago, I did a biographical study on the wealthiest people in the continents and discovered that no truly rich or wealthy individual on earth has only one source of income. So, to become truly free financially and create wealth, you need to activate multiple streams of income. A lot of people have a wrong view of Focus vs Diversification. To be focused does not mean you should not diversify and to diversify does not mean you are not focused.

One phrase that has plagued many and limited them is jack-of-all-trade and master of none. You can be a jack of few or many trades and succeed in all if you have what it takes. I believe every individual can successfully have four sources of income.

LESSON FOUR: OVER 90% OF RICH PEOPLE USE THREE MAJOR VEHICLES

A vehicle is a means of transportation that takes you from point A to point B. As it is in the physical so it is in the financial. Vehicles are investment channels you adopt to take you from where you are financially to where you want to go, and there are numerous wealth creation vehicles, as you will see in my book “Pathway to Wealth”.  I will also share that with you in this column in a future edition. Over 90% of wealthy people have all used three major vehicles to build and retain their wealth.

1. THE CAPITAL MARKET
2. THE REAL ESTATE
3. BUSINESS / ENTREPRENEURING

Any rich or wealthy man or woman on earth today operates in these three realms simultaneously or at variant degree. If you do what rich people do, you will get the result they got. So I have adopted these three vehicles as my primary vehicles to the wealthy place and I can assure you they work.

LESSON FIVE: THE RICH DIFFERS FROM THE POOR IN THEIR THINKING, LIFESTYLES AND BELIEFS

Just as there are poor people everywhere, there are also rich people everywhere but it will amaze you to know that people are rich or poor all over the world for the same reason whether it be Lagos, Bombay, Pretoria, Calgary, London, Milan, New York or Tokyo. Poor people think, live and behave the same and so do the rich in these places.

Once you discover what makes the Rich rich and you follow the footsteps, you can’t stay poor. These differences are also part of my book “Pathway to Wealth” a book you should have. I will end this edition by sharing with you just five differences.

1. The rich are investors while the poor are consumers
2. The rich acquire assets while the poor acquire liabilities.
3. The rich are employers while the poor are employees
4. The rich avoid waste and live within their means; the poor celebrate waste and live above their means.
5. The rich delay gratification, the poor don’t

For investment with guaranteed return per annum, genuine real estate investment and all my books and products, visit Common Sense Group or Olumide Emmanuel Store

 

Keep your dream alive!