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What you should know about wealth creation

Afnews Forum

Jul 22, 2020

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Wealth is the abundance of valuable resources or valuable materials possession; an individual, community, region or country that possesses an abundance of such possessions or resources to the benefit of common good is known as

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"wealthyÔÇØ. But economist defines wealth as

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"anything of value.ÔÇØ According to the United Nation, definition of inclusive wealth, it is a monetary, measure which includes the sum of natural, human and physical assets. Natural capital includes; Land, Forest, Energy Resources and Minerals.

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According to Adams Smith; wealth is the annual produce of the land and labour of the society, or abundance of items in economic values.

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Wealth can be categories into three principal categories;

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ome

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uto-mobile

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onetary saving

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Wealth has been define as a collection of things limited in supply, transferable and useful in satisfying human desires.

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To be rich is not wealthy; someone can be rich but is not wealthy. A man is wealthy when he has a system that produces assets, but a rich count only acquired items of storage in properties and possessions. When the assets cannot produce values, such a person is not wealthy.

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FACTS ABOUT WEALTH

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Anytime you receive money by what you are doing, you are a labourer, not wealthy, but anytime money creates money - that is wealth.

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One of the reasons the rich get richer and the poor get poorer and the middle class struggle in debt is that the subject of money is taught at homes, not in schools, most of us learn about money from parents. So what can poor parent tells their children about money.

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According to the scripture, "We do not eat the money that you labored for because it is a seed.ÔÇØ

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Every seed consumers are poor. Seed are not for consumption, rather on investment, planting, sowing and preparing for harvest.

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Illustration: (mango seed are not meant for consumption rather it is the fresh, the seed are meant for planting in other to produce more fruits {mango}).

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Seeds have time, following the law of sowing; someone can start investment that will finally create wealth. Sowing period is so painful, you will lose something in other to gain more.

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*No pains -------No gains

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*No sowing-----No reaping

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*No planting---No harvest

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If you wish to maintain the poverty and increase the rate; *STAY WITHOUT SOWING

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Poor men works for cash, but rich men works for knowledge. *stop working on your business but start working in your business (The Legend).

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There is no future for the lazy. To be wealthy, laziness must be aside.

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Hard work put men in the place of excellence and dignity. "What you put into life determine what you get out of life.ÔÇØ God is too just to put mediocre above excellence, the way to excellence is the way to hard work.

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Excellence makes it easy for God to position people on top. Whatever thing you do, do it well; a hard-working man shall be successful and will stand before kings.

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Again, there are no bad investments, but bad investors. *A bad driver cannot maintain a brand new car but a good driver can handle an old ruthless car.

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God is not a magician but progressive and he loves processes. Do not be in haste for your investment to grow, *patience leads to massive enjoyment of wealth. Remember this popular saying that; "the patience dog eat the fattest born.ÔÇØ What you rush to eat in the morning can render your generation permanently poor.

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If you hate losing, play it safe, if losing makes you weak, play it safe, Go with balanced investments but don't wait until you are balance. All of us doubt; "I'm not smartÔÇØ, "I'm not good enoughÔÇØ, "so-and-so is better than meÔÇØ, etc.

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our doubt often paralyze us. We play the "WHAT IFÔÇØ game "what if the economy crashes right after I invest?ÔÇØ "What if I lose control and I can't pay the money backÔÇØ "what if things don't go as I plannedÔÇØ.

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We also have friends or loved ones who will remind us of our shortcomings. They often say "what makes you think you can do that?

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If it's such a good idea, how come someone else hasn't done it?ÔÇØ these words of doubt often get so loud that will fail to act. A horrible feeling builds in our stomach, sometimes we can't sleep.

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We fail to move forward, so we stay with what is safe, and opportunities pass us by.

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3 ENEMIES OF WEALTH

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aziness

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ad habits

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rrogance

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HOW DO I BEGIN TO CREATE WEALTH?

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et started with genuine motives

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ake the right choice

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arn how to give

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Health is wealth, if you are not healthy you cannot be wealthy, remember in all your wealth, accumulation and strategy is the Lord, the creator of the universe that has given you power to get wealth . Do not forget this so that your wealth can be preserved.

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