Small vs big (Pt 3)

Chapter 3

The earlier you start, the better your chances of financial freedom.

Investing a few naira a day could make you a wealthy man. With such simplicity, one would wonder why some people are wealthy while others are road side that such beggars. Te simplest reason is that such people lack the knowledge as observable in George S. Clason’s richest man in Babylon”. Those that have the knowledge lack the discipline to adhere to its simple biddings. Some of us are so used to procrastinating events that we do not realize we procrastinate our chances of stepping above our present level procrastination is very expensive, it costs a fortune because by each ticking of the clock, your supposed fortunes ticks away from you. It requires a great deal of consistency to achieve wealth. Whenever you handle a naira, do not consider it a mere paper but a great soldier that has the power to bring a large fortune to you that’ll be benefiting not just to you but to future generations. The only condition required is that you start now. Never procrastinate. You’ve got to value money as though it were a precious jewel. Teach your children to value money lest when you’re gone, your wealth goes with you. There’s nothing more cherished by you than what is achieved via your hardwork. Imagine sketching a portrait of yourself, you cherish it more than a portrait you pay others to do for you even if it has no resemblance to you so also should you hold money dear to you. Gain control of your money by setting a system for organizing your financial life. There are ways of staying rich, which are earning more or spending less your budget reveal tiny leakages that allow money out easily. Let’s imagine an ideal budget. The first leak is called giving which includes your contributions to religious purposes, charity and others. You pay yourself the rent ten percent of your money. The third category is a category for taxes. All levies that have been paid must be included in this category. Category four comprises of all forms of payment for your property. The fifth should include all household expenditures from food to clothing, this takes the largest chunk of your income. Then the sixth category should include expenses of all forms of transportation boarded. It also includes the sum expended in the repairs of your vehicle. The next category is for all expenses away from home such as fastfood as is obvious with we Nigerians. Then comes category 8 for all forms of insurance. Then category 9 should cover all debts of any and finally category ten should take care of business expenditures. Analyse yourself carefully, how many times a day do you spend money? Only a few times yet those few decisions can make all the difference between poverty and wealth. The idea of budgeting and planning our finances to most of us is too tiresome. The olds for practicing this is that you are going to live well past retirement age, and the decision rests on your shoulders today. Have you ever come across a five naira note on the floor, I’m sure you pretended you didn’t see it. How may of you would see a Ghana-must-go bag with five naira notes and just walk past it? Just the hidden truth is that beneath every five naira note with bundles billions of naira. What we always want is to fast cash. We always want much money which we cannot handle.
Note: Wealth does not satisfy desires but changes your desires, so your ability to control your desires is a boost to easy wealth. I hear some people delegate everything concerning them to other people to handle but it should come to your notice that you can never assign this to any other person but yourself. Here you are responsible for yourself. Financial accountability always seems too tedious to some of us yet they must be a part of you to succeed. In order to be wealthy, you must have a great deal of discipline.