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Get your finances right
Fola Daniel Adelesi Speaker. Author. Consultant
www.foladaniel.com
Expand your mind
• What vision do you have?• Why must you make money?• What will your money go into?• Can you make money without a vision?
What's your dominant financial thought?
• The next phone, tablet or gadget to buy?• Next gucci bag?• Next T.M Lewin?• Mary Kay make up?• A vacation in Dubai, UK, US, Bahamas• A beautiful wristwatch• Next set of shoes• Home theatre• Or the next business to invest in?
Buy capital goods
• As we were thought in elementary business studies, capital goods are the goods used in the production of other goods. So you should:
• Buy goods that can serve business purposes• Cut costs on anything that can't serve your
business interest directly (profit) or indirectly (impression...)
Get financial mentoring
• Who is your financial mentor?• Who do you listen to about money matters?• Is your Intel just the regular street cred?• Who's on the journey to wealth with you?
Use a financial consultant
• It is suicidal to want money and not consult those who manage money.
• Talk to some real investors on saving and investing
• Discuss long term plan on making money with your consultants.
Buy with the future in mind
• Dont be penny wise and pound foolish• Some buy cheaper things and end up buying
the same thing repatedly. Others buy expensive stuff and enjoy on a longer period.
• Don't buy in bits when you can buy in bulk and save more.
Add new skills
• If you don't get new skills then you are depreciating and that will soon reflect in your finances.
• Add skills relevant to people's problems
Creat products for cashflow
• You cant run out of cash if you create the right products that people need.
• The cash may not be much but there will be cashflow.
• Create products from your experience and knowledge
Dont show off!
• Showing off is what is killing so many people financially.
• When you get some money, think of your future before thinking of the next person to oppress.
• If you dont need to buy then dont buy!
Think of employing others.
• This is a great secret to wealth or financial success.
• Those who think of helping others get what they need end up meeting their own needs
• The thought of employing others makes you think of growing what you are doing beyond yourself or family
• Then what you start can become a generational business.
Shine your eyes!
• There are problems around for some people• There are opportunities in every problem• Don't form a habit of always complaining
because opportunities don't come to complainers.
Be a giver
• Giving, even though over flogged as a teaching in churches and other religious bodies, is a mystery to getting more.
• You may run into trouble and it is your giving, maybe when you have forgotten, that will save you.
• Sow deliberate seeds ~ Parents, leaders...
See ahead!
• I already said you have to see but you need to see ahead.
• What's the direction of the world? Go there first and wait for others to come and start paying you.
• Act fast on what you see because you are not the only one who can see.
Create a savings plan
• Saving will definitely help and keep you out of trouble
• You can do direct saving (saving up in your bank or savings box or
• Indirect saving (saving into a pension plan, target account, mortgage like scheme)
Asset acquisition plan
• Wealthy people are never judged buy cash in their possession. It's usually by their assets. Why?
• It's because assets are the things sustaining the wealth and bringing in the cash flow.
• So the more assets you acquire the wealthier you can become
Thank you & check out
• www.foladaniel.com