There are no secrets to getting rich overnight, but there are some repeatable, proven, systems to help you become rich.
It’s crazy how many people still fall into get-rich-quick traps even though there’s mountains of evidence that shows that they’re total scams.
Bonus:Having more than one stream of income can help you through tough economic times .
Read Also: Money Only Won’t Solve Your Problem | ER
Step 1: Invest your money (the smart way)
The single most crucial thing you can do to ensure your financial future is investing — and the sooner you start, the easier it is to get wealthy.
Say you’re 25 years old and you decide to invest 100 Naira or less/month in any business you’re sure and make thorough research on. If you do that until you’re 60, how much money do you think you’d have?
That’s right. You’d be a millionaire after only investing a few thousand naira per year.
Step 2: Spend your money like a wealthy person (using conscious spending)
Just like sacrificing things like lattes for the sake of saving money.
Unlike a lot of people you see in the personal finance world, do not ashamed of how you spend lots of money on things you enjoy like eating out, traveling, or nice clothes.
And that’s all but practice conscious spending. It’s the same system, it’s advisable spending on the things that make you happiest. Just do so purposefully, and by avoiding the mindless spending that can come from disorganized finances.
Step 3: Tap into “hidden income” (Combine with Step 1 for big results)
I’m not talking about piles of cash buried somewhere in your backyard — this is the money that you can be savingright nowby negotiating your bills.
That’s right. With just a few one-time, 5-minute phone calls, you can save HUNDREDS a month on bills for your:
It’s simple too — there are only 3 things you need to do to negotiate with these companies on fees and rates:
- Call them up.
- Tell them, “I’m a great customer, and I’d hate to have to leave because of a simple money issue.”
- Ask, “What can you do for me to lower your monthly cost, the money spent on airtime on a daily basis in Nigeria is part of it.
Step 4: Build another stream of income
This is my all-time favorite answer to the question “how to become rich?” I’ve always believed that there’s a limit to how much money you can save — but no limit to how much you can earn.
This is especially true if you start your own online business.
From my years of experience not only running my own business but teaching scores of people to start their own as well, I’ve found that there are two great ways to start a business:
- Turn the skills you already have into a side hustle.
- Start an online business and reach millions of people all over the world.
This is one of the fastest ways to get started in business. By utilizing the skills and talents at your disposal, you can start freelancing and generating a steady source of income on the side.
And the best part: you don’t even have to quit the job you already have.
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