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Monday, 30 May 2016

REVIEW OF THE LAWS OF WEALTH by Iheanyi Ejiogu AS COMPILED byGbonjubola Sanni

Photocredit: Gbonjubola Sanni
Tip 1 - Just the same way laws govern gravity, driving, building, physics, etc, there are laws governing wealth. Do you know them and are you living by them? Doing so is the secret to wealth

Tip 2 - What are your thoughts about money? Do you think it is evil or that only evil people have it? If that's how you think then you have been inhibiting yourself. The secret of a genuinely rich life is a genuinely rich mind. Money is neutral and only reflects what comes towards it just like water. Build yourself, build your character, build your business, build your career and see how money will be attracted to you

Tip 3 - Are you thinking of starting a new business or searching for a new income stream? Don't just come up with a product, rather think of a problem solving product. People have needs and need help with solving them. Which of them can you solve? Once you have identified one think of how to monetize it. Money is a reward for problem solved and as long as there are problems wealth will be made. No wonder people become millionaires and billionaires in times of recession.

Tip 4 - Do you know a plate of rice costs differently depending on where you buy it from? A plate of rice under the bridge in Ojuelegba doesn't cost the same as the one sold in The Place, Sheraton, KFC or any other restaurant. What differentiates them? Isn't it the same rice? Your ability to be creative with solving problems will determine how much more you can be paid. Solve bigger problems, solve complicated problems, make solutions easier, make solutions more accessible, sell more quantities, sell must-have and not need-to-have and your reward will be better.

Tip 5 - Once you have a product then you need to ensure it gets to the hands of more and more people. The more rewards you get the wealthier you become. Don't stop at just one line of income. Find different streams within what you currently do. Also see how marketing other people's products can also earn you money. What else can you do to make some more? Give it some thought!

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Gbonjubola Sanni, a dynamic lady with diverse interests, is a Public Speaker and Conference Teacher who is passionate about women’s interests. She is also a Financial Literacy Advocate for Children who has authored Financial Literacy Books and a SME & Personal Finance Management Expert. She is a graduate of the University of Ilorin (Kwara State, Nigeria) who holds a Bachelor of Agriculture degree as well as membership of the Association of Accounting Technicians and the Institute of Chartered Accountants of Nigeria. 

She runs the #FinancialDivaClub on Telegram and Facebook, an online support group which teaches women financial planning and investment. The club which was created in 2015 has engaged hundreds of women and encouraged them to set up successful business and investments. 

For more content from Gbonjubola, visit her WEBSITE or her BLOG

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