Emotional Intelligence: A Vital Key To Financial Freedom

Posted by in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, PEAK PERFORMANCE, SCHOOL OF WEALTH

Emotional Intelligence: A Vital Key To Financial Freedom

It is a great error to think someone is wealthy because that person owns a lot of things. The truth is this; you can go broke if all you possess are things that don’t generate income. Wealth is an income stream. It is the ownership of valuable resources; a perpetual source of resource that is functional without your labor. A person is defined as wealthy when his passive income pays for his living expenses. This is true financial independence. As such, wealth creation can be described as the accumulation of income-generating assets. For most people, this journey begins by earning an income from a job. As an employee, you essentially earn income by providing a service to your employer. Unfortunately, these earnings stop when you stop providing the service for you were employed. This type of income is called earned or active income. It is a great place to start the process of wealth building. It’s indeed your first rung in the ladder of wealth building. Earned Income Must Be Converted To Income-Generating Asset Sadly, earned income does not determine wealth, what determines wealth is what you do with earned income. The use to which you put what you make is more important than how much you make. The wealthy use their earned income to accumulate assets that will generate passive income, which in turn pays for their liabilities and maintains their lifestyle. Wealthy people buy assets that will increase their income, while the poor buy liabilities that will increase their expenses. Many earned good income but never experienced the joy of wealth. The truth is that you can never be wealthy through your earned income unless there is a strategy to convert some of your earned income into passive income. You Need Financial Intelligence Financial intelligence is the ability to convert earned income into assets that provide cash flow. Every serious wealth builder must have strategies by which to convert earned income to income-generating assets. This, I have discovered to be the missing link in the wealth building strategies of many people who desire to be wealthy. Most people do not know they have to go beyond earning a good salary, to converting their income to asset. The few that do know don’t do it. Their emotional buying behavior would not allow them. They are always too emotionally occupied with the stuff to buy……..unfortunately, these purchases are liabilities; things that would not contribute to their dream of becoming wealthy. And by the time they are done with their purchases, they are left with no money to invest in wealth building assets. Ability To Control Your Emotions Is Crucial One fundamental truth you must understand is that a great part of financial intelligence is about emotional intelligence. Warren Buffett, the world’s richest investor, says, “If you cannot control your emotions, you cannot control your money.” This means that without...

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How To Get Money To Start Your Business

Posted by in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, MAKING MONEY ONLINE, PEAK PERFORMANCE, SCHOOL OF WEALTH

How To Get Money To Start Your Business

One major key that would determine your success in the world of money and business is your belief system. Your belief is what determines your reality in life. For you to become rich and wealthy, you must first believe in your ability to make it happen. Whatever you believe to be possible would ultimately be possible. And whatever you believe is impossible would be impossible. It is always to you according to your belief. This is very true in every area of life, especially in your quest to raise funds to start your business. You must believe the money you need to start your business is available and that it is out there waiting for you. Your mind is so designed that you have a tendency to ignore or block out any information coming to you that is inconsistent with what you already believe to be true, whether or not your beliefs are based on fact or fiction. “All riches have their origin in the mind. Wealth is in ideas.” — Robert Collier One fundamental truth you must embrace in your pursuit of wealth is that wealth building starts on the inside, and not on the outside. Every of your action has its root in the way you think and what you believe. Your success in raising funds to start your business starts from the inside. It starts from our thinking and belief. You must believe that you will get the money you need, because there is more than enough money out there. The law of abundance says we live in an abundant universe in which there is sufficient money for all who really want it and are willing to obey the laws governing its acquisition. The essence of this post is to show you how to acquire the money you need to start your business. But it is your attitude toward abundance or scarcity of money that will ultimately determine whether you lay your hands on the money you need to start your business or not. It is therefore imperative for you to believe that there is abundance of money out there. And that you will get the money you need to start your business. Here are five ways you can explore to get the money to start your business. 1. Your Own Savings The best way to fund your business is your own personal savings. If the desire to start your business is strong enough, if you’re really passionate about it, the will to save money would not be lacking. Open a savings account today and start saving at least 10% of whatever money you earn. The discipline to save money is a proof that you possess the needed character to manage the business once it gets started. “If you cannot save money, then the seeds of greatness are not in you.” – Clement W Stone 2....

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NEGOTIATING YOUR WAY INTO WEALTH AND RICHES

Posted by in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, PEAK PERFORMANCE, SCHOOL OF WEALTH

NEGOTIATING YOUR WAY INTO WEALTH AND RICHES

“And it came to pass, when Rachel had born Joseph, that Jacob said unto Laban, Send me away, that I may go unto mine own place, and to my country. Give me my wives and my children, for whom I have served thee, and let me go: for thou knowest my service which I have done thee. And Laban said unto him, I pray thee, if I have found favour in thine eyes, tarry: for I have learned by experience that the LORD hath blessed me for thy sake. And he said, Appoint me thy wages, and I will give it. And he said unto him, Thou knowest how I have served thee, and how thy cattle was with me. For it was little which thou hadst before I came, and it is now increased unto a multitude; and the LORD hath blessed thee since my coming: and now when shall I provide for mine own house also? And he said, What shall I give thee? And Jacob said, Thou shalt not give me any thing: if thou wilt do this thing for me, I will again feed and keep thy flock: I will pass through all thy flock to day, removing from thence all the speckled and spotted cattle, and all the brown cattle among the sheep, and the spotted and speckled among the goats: and of such shall be my hire. So shall my righteousness answer for me in time to come, when it shall come for my hire before thy face: every one that is not speckled and spotted among the goats, and brown among the sheep, that shall be counted stolen with me. And Laban said, Behold, I would it might be according to thy word. And he removed that day the he goats that were ringstraked and spotted, and all the she goats that were speckled and spotted, and every one that had some white in it, and all the brown among the sheep, and gave them into the hand of his sons. And he set three days’ journey betwixt himself and Jacob: and Jacob fed the rest of Laban’s flocks. Gen 30:25-36 The above verses of the Bible show how Jacob negotiated his way into wealth and riches. For close to twenty years, Jacob labored in the home of Laban with practically nothing to show for all of his labor except for his two wives and children until he understood the art of negotiating. He used the power of effective negotiation to access his financial destiny. The negotiation took place in chapter 30 of the book of Genesis, and in the next chapter, chapter 31 of the same book, he was an established financial giant. Effective negotiating skill opened the next chapter of his life. “Jacob learned that Laban’s sons were talking behind his back: “Jacob has used our father’s wealth to make...

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Multiple Streams of Income: Your Sure Access To Wealth

Posted by in FINANCIAL OPPORTUNITY, MAKING MONEY ONLINE, PEAK PERFORMANCE, SCHOOL OF WEALTH

Multiple Streams of Income: Your Sure Access To Wealth

It is no longer news that we are living in a time and season of great height of business and financial uncertainty. Data on unemployment rate and job losses are frightening and alarming, showing that nobody’s job is safe. Relying on one source of income can therefore be a highly risky path to tread in your quest for financial freedom. Friend, earning an extra income on the side is no longer optional; it is a necessity. One of the major benefits of multiple income streams is risk diversification. Every sophisticated investor knows the importance of diversifying his investment portfolios; riding on the same wisdom, the diversification of your income streams is just as important, especially in difficult economic times. It has great potential to shield you from unnecessary financial risk and embarrassment. Indeed, generating income from multiple sources helps you to be less exposed to risk. The more income streams you have, the more financial security you have. More streams of income equal more security. No Need To Reinvent The Wheel Of Financial Success Wealthy people have more than one stream of income. If one stream dries up, they have other sources of income to support them. Think of this scenario, if all your income is generated from your job and something goes wrong with the company you work for, then, you might surely be exposed to serious financial risk and challenging times. Think about this scenario also, if the service or the product your company provides suddenly becomes obsolete. Or perhaps, one or some of your major clients stopped doing business with your company for whatever reason, and suddenly your only income stream stopped flowing. How challenging can this be for you? Indeed, it can be very challenging! Multiple streams of income is a financial strategy to provide alternative income streams ahead of time, and thereby prevent you from experiencing financial dryness or downturn in your finance. This is primarily the wisdom behind the concept of multiple streams of income. It has capacity to hedge you against any negative eventuality that might come against your income source. This concept can also be likened to you generating what I call oceanic wealth. One significant feature of the ocean is that it never runs dry of water. No dry season can run the ocean dry of water; this is because the ocean is fed from multiple sources. Water from every river, stream, lake and pond ultimately find their way into the ocean. Wealthy people have always known and operated by this principle. Every wealthy person generates income from multiple sources. No wealthy person the world over has one source of income stream. Their wealth is created, fed and sustained through the concept of multiple streams of income. How many streams of income do millionaires have? Tom Corley, author of “Rich Habits,” studied the habits of millionaires during a five-year study...

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How to increase your income

Posted by in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, MAKING MONEY ONLINE, PEAK PERFORMANCE, SCHOOL OF WEALTH

How to increase your income

Building wealth is simple. It is not rocket science. It doesn’t require luck, genius, special gifts or special connections. The principle of wealth creation is something everyone can practice; it does not require extraordinary smartness. All you need to do to build wealth is to generate more income than you spend and then invest the difference. Nothing more! Income is the lifeblood of wealth accumulation. It is a major factor in the equation of wealth creation. It is the take off point of every attempt at wealth building. Attempting to become wealthy without the flow of good income is almost an impossible task. You Are Restricted By The Size Of Your Income Your income size to a great extent would determine your lifestyle; where you live, where you shop, the school your children attend, the car you drive and many more are often influenced and determined by the size of your income. Generally, it is the nature of humans to always want to improve their lifestyle; which most of the time calls for better income. The better your income, the better positioned you are to improve your standard of living. Furthermore, your income size would determine how much you are able to save and invest. When your income is more than your expenses, you are in a better position to save the surplus for investment. The Great Challenge One great challenge a lot of people are mostly confronted with is how to increase the size of their income. Unfortunately for many, the only thing they know about increasing their income is to ask the boss to increase their salary. And if the boss says no, they are dejected and frustrated. The next thing is to hunt for another job. There is nothing wrong in asking for an increase in salary. Asking for what you desire is a valid principle of success and achievement, if you indeed merit the request. And this is catch, most people ask for what they do not merit or qualify for, and are often turned down. As a result, many people move from job to job in frustration, live all their working lives without fulfillment. “Try not to become a man of success, but rather try to become a man of value.” — Albert Einstein Money Always Flows In The Direction Of Value. Listen, whatever you are earning as income is the measure of value that others place on your work or contribution. Your income is an expression of your value in the marketplace. Income will always be equaled to the value of service, or result or size of contribution. Money will forever flow in the direction of value. Opportunity to make money and earn an income is always available wherever value is found. It therefore means to make money in order to create wealth, your focus should be on how to create and add...

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The Secret Tool Of The Rich And Wealthy

Posted by in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, PEAK PERFORMANCE, SCHOOL OF WEALTH

The Secret Tool Of The Rich And Wealthy

One great truth you must embrace in your quest for wealth acquisition is that, there is no need reinventing the wheel. There is nothing new under the heaven; the sun that shines today is the sun that shone when my great grandfather was born, and will still be shining when my last grandchild shall be gathered to his fathers. The law of emulation says, you will be successful in proportion to which you find out what other successful people are doing, and then do the same things yourself over and over again. Success in every area of human endeavor leaves clues and tracks, especially in financial undertakings. If one is wise enough, all he would need to do to become wealthy is to locate what the rich and wealthy have done to create their wealth, and do the same. “That ye be not slothful, but followers of them who through………inherit the promises.” Heb 6:12 Whatever result any man ever achieved financially can be duplicated by any dummy in any part of the world. We live in a world governed by law, not chance. Rules and principles help us to understand that everything happens for a reason, whether or not we know what it is. It is all about action and reaction; cause and effect. Everything you see in and around your life, success or failure, wealth or poverty, has a specific cause or causes. Every cause or action has an effect or consequence of some kind or another, whether we can see it, or whether we like or agree with it or not. This goes to show that all achievement, accomplishment, wealth, riches, prosperity and success are the direct and indirect effects or results of specific causes or actions. The Law of Cause and Effect. Financial freedom or a prosperous life is an effect. It is the product and after match of certain actions or causes. This is called the Law of Cause and Effect or the Law of Sowing and Reaping. What this law teaches is simply this, if you are clear about the effect or result you want, you can probably achieve it by following the footsteps of those who have achieved the same or similar results. If you must be rich and wealthy, you would need to locate what the rich and wealthy do, and then do the same to become rich and wealthy. One Major Tool In The Hands Of The Rich And Wealthy A major attribute of the rich and wealthy is their commitment to wealth building. Wealth building is a conscious and deliberate endeavor; it doesn’t happen by chance. You don’t suddenly wake up to find yourself wealthy, except someone left you an inheritance. Those who create wealth consciously commit themselves to wealth building, and this is what you too must do to become rich and wealthy. You must consciously and deliberately commit...

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