We live in a world where being wealthy is the sole algorithm for success. Everybody wants to become wealthy, we all want to cross over the threshold of poverty but how exactly are we supposed to make this wealth in a world where we spend more than we earn, keeping none for the rainy day? How can we find the road to wealth?
Obviously, not by spending all our earnings without prospects for the future. It is pertinent to know that when we spend all our earnings, we are simply working for other people. Wondering how? Look at it this way. At the end of the month when you receive your salary or wage, you create a budget which includes the grocer’s pay, the landlord’s, the housekeeper’s, the petrol attendant’s, the bus conductor’s, the pastor’s. At the end of the day, you are left with nothing, simply waiting, sitting patiently, eagerly anticipating the next payday, only to continue the vicious cycle when it comes.
The road to wealth, is absolutely not winding and narrow, it can be found without much ado. The road to wealth can be found when you decide that a part of all you earn is yours to keep. How? Simple! By saving. Every time you receive your pay, keep aside a part of it, could be one-tenth of your total earnings.
You might think that it’s not possible because you can hardly get by on the full amount of your salary but the fact is, more often than not, our earnings go into buying frivolities that we do not need. Saving reduces our excessive spending while making us responsible money users.
When I say save a part of your earning, I am not saying simply lock it away in a place where it earns no interest for you. Every dime you save is a slave to work for you. Every coin it earns is its child that also can earn for you. And this is where the topic of INVESTMENT comes in.
Investment means placing capital in certain ventures in expectation of gaining profit from its use or appreciation. Simply investing in random businesses is not enough, one must strive to place their money in worthwhile and genuine investments. One thing is to have money, another is to put it to good use to work for you.
If you would become wealthy, then what you save must earn, and its children must earn, that all may help to give you the abundance, the wealth you crave.
So why not save a kobo today, to invest in a naira tomorrow and own a dollar in the near future?
Till then, stay saving!