Onwura Chioma
Member
5 MONEY SKILLS CAN MAKE YOU EXTREMELY WEALTHY!!
No college degree in any university will teach this.
Here is how to build each one
No college degree in any university will teach this.
Here is how to build each one
MONEY SKILLS CAN MAKE YOU EXTREMELY WEALTHY
- Thread starter Onwura Chioma
- Start date
Onwura Chioma
Member
1. LEARN TO THINK IN PROBABILITIES
You don’t need to be right every time.
You just need to make sure one wrong decision doesn’t destroy you.
Before making any decision, ask:
• What could I gain?
• What could I lose?
• Can I afford to lose it?
• What would make me change my mind?
Exercise: Before risking money, write your possible gain, possible loss, and your exit point.
2. LEARN TO LET MONEY COMPOUND
Don’t rush to get rich.
Small amounts can grow huge overtime when let them compound.
Understand the Law of Compounding Effect and do this everyday:
• Spend less than you earn.
• Save and invest the difference.
• Avoid unnecessary debt.
• Let your money earn money.
Never ever cut the momentum of your money
If you’re gonna keep doing something for 10 year that you think will make you richer overtime, keep doing it
You don’t need to be right every time.
You just need to make sure one wrong decision doesn’t destroy you.
Before making any decision, ask:
• What could I gain?
• What could I lose?
• Can I afford to lose it?
• What would make me change my mind?
Exercise: Before risking money, write your possible gain, possible loss, and your exit point.
2. LEARN TO LET MONEY COMPOUND
Don’t rush to get rich.
Small amounts can grow huge overtime when let them compound.
Understand the Law of Compounding Effect and do this everyday:
• Spend less than you earn.
• Save and invest the difference.
• Avoid unnecessary debt.
• Let your money earn money.
Never ever cut the momentum of your money
If you’re gonna keep doing something for 10 year that you think will make you richer overtime, keep doing it
Onwura Chioma
Member
3. CONTROL YOUR MONEY, OR IT WILL CONTROL YOU
Making more money won’t fix bad money habits.
First, learn where your money goes and give every peso a purpose.
• Earn: Find ways to increase your income.
• Keep: Stop unnecessary spending.
• Grow: Put your money into productive assets.
• Protect: Don’t risk money you can’t afford to lose.
Being rich isn’t about how much you earn.
It’s about how much you keep, grow, and control.
Exercise: Track every peso you spend for the next 7 days.
4. LEARN WHEN ENOUGH IS ENOUGH
You don’t need to have expensive car, house, or luxurious lifestyle.
Because the more you chase for more and you’re still not contented, the easier it is to lose what you already have.
• Know what you truly need.
• Don’t compare your life to others.
• Save money for freedom, not just things.
• Protect what you’ve already built.
Being wealthy isn’t flexing something or looking rich.
It’s having enough money that you don’t have to say yes to things you don’t want.
Making more money won’t fix bad money habits.
First, learn where your money goes and give every peso a purpose.
• Earn: Find ways to increase your income.
• Keep: Stop unnecessary spending.
• Grow: Put your money into productive assets.
• Protect: Don’t risk money you can’t afford to lose.
Being rich isn’t about how much you earn.
It’s about how much you keep, grow, and control.
Exercise: Track every peso you spend for the next 7 days.
4. LEARN WHEN ENOUGH IS ENOUGH
You don’t need to have expensive car, house, or luxurious lifestyle.
Because the more you chase for more and you’re still not contented, the easier it is to lose what you already have.
• Know what you truly need.
• Don’t compare your life to others.
• Save money for freedom, not just things.
• Protect what you’ve already built.
Being wealthy isn’t flexing something or looking rich.
It’s having enough money that you don’t have to say yes to things you don’t want.
Onwura Chioma
Member
5. PAY YOURSELF FIRST
Most people work hard for their money then spend everything and wonder why nothing is left.
Before you pay bills, buy wants, or help everyone else, keep a small part of what you earn.
• Save first.
• Learn to make money work for you.
• Build assets, not just a lifestyle.
• Train your mind to think like a wealthy person.
You don’t become wealthy when you earn more.
You become wealthy when you finally stop spending everything you earn.
Every time money comes in, automatically keep at least 10% before you spend a single peso.
Most people work hard for their money then spend everything and wonder why nothing is left.
Before you pay bills, buy wants, or help everyone else, keep a small part of what you earn.
• Save first.
• Learn to make money work for you.
• Build assets, not just a lifestyle.
• Train your mind to think like a wealthy person.
You don’t become wealthy when you earn more.
You become wealthy when you finally stop spending everything you earn.
Every time money comes in, automatically keep at least 10% before you spend a single peso.
Olatunde Akanbi
Member
And here's the truth no one or any university Will teach you;
No one is perfect.
Nothing is perfect.
There is no certainity that anything you implement and exhibit will be perfect or better. We're all just trying our best everyday to be the better versions of what we were yesterday or years or decades ago
.
You only need to find out what you're very good at doing, something you love doing so much passionately that you don't mind doing it in public or in anywhere you are or anywhere you go. Discover more about that thing you love doing so much so it can make you exceptional
.
I tell you, One day "Your Best" will be distinguished from "The Rest".
Cuz there's no way you're going to ever see an effect of something without experiencing the defects.
Don't be ashamed of anything you're doing, and stop thinking you need to be this or that or need to have this or that before you do something
!
Even your soul at times needs your recklessness
, Not your wisdom
.
Peace
No one is perfect.
Nothing is perfect.
There is no certainity that anything you implement and exhibit will be perfect or better. We're all just trying our best everyday to be the better versions of what we were yesterday or years or decades ago
.You only need to find out what you're very good at doing, something you love doing so much passionately that you don't mind doing it in public or in anywhere you are or anywhere you go. Discover more about that thing you love doing so much so it can make you exceptional
.I tell you, One day "Your Best" will be distinguished from "The Rest".
Cuz there's no way you're going to ever see an effect of something without experiencing the defects.
Don't be ashamed of anything you're doing, and stop thinking you need to be this or that or need to have this or that before you do something
!Even your soul at times needs your recklessness
, Not your wisdom.Peace