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Thursday, May 11, 2017

HOW TO EMBRACE WEALTH AND STEP OUT OF POVERTY

Stepping into the circle of affluence is every person’s dream someday-especially those who are born from poor backgrounds and want to change the status quo by elevating their families into prosperity. But is the task really as easy as the wishes themselves? Nope! An averagely rich person and even the most affluent ones would still want to grow their wealth continuously. It doesn’t just end in desire; but the actions you take on daily basis are quite significant in determining your position in the circle of riches-whether you can step into affluence or not. Emeka Agbo Blog has investigated the actions that turned the wealthiest men and women in the society into what they are today. Our investigations revealed that most rich men today were not actually born in riches; they were born into poverty, in most cases, abject poverty indeed. But here are seven things they did  and that you should do so that you can step into wealth:



  •      Get out of your comfort zone
    Relaxation or comfort never creates wealth. Rather it is wealth that creates comfort. Most people who are poor or averagely rich are in fact afraid of stepping out of their comfort zone to create the wealth they desire. In other words, they are comfortably poor. To become rich, super rich, you don’t have any option than to take a step out of your comfort zone and allow money to work for you-not working for money. Get the difference!
    Your comfort zone could be a job you earn your salary from- which could only pay for your monthly bills, put food on your table but hardly keep you financially afloat to observe some other responsibilities necessary in your life. Your comfort zone could be your stay with a wealthy man-whom you are serving and only provides you with your daily feedings, stipends but you cannot afford to spend a dime on your own without resorting to your “provider”. Your comfort zone could be your continual dependency on your rich siblings or elder brothers who keep providing for you without hesitating. Sometimes,  you need external nega-positive  motivations to step out of your comfort zone. Receiving a no for an answer when you expect a “yes” is a negative response that usually creates a positive motivation to step out of your comfort zone and work out your way into affluence. Until you step out of your comfort zone, your eyes shall remain blindfolded to opportunities and your source of income will never expand.
          

  • Avoid Laziness and Procrastination


Nothing kills every man’s dream much more slowly than these attitudes of laziness and procrastination. A lazy man is a good procrastinator. He puts off what he has to do today to tomorrow without realizing that today was the tomorrow to whose yesterday’s work was postponed. Eventually, the work is not done or rather neglected. In situations that demand you work on your passion or talent, your laziness and procrastination can make you unprepared for opportunities. Hence, your continuous stay in the poverty circle remains in force. If you want to embrace wealth, get rid of laziness and procrastination. Remember the biblical directive to lazy people, “no food for the lazy man”.


  •         Seek to be Independent

Your journey to the mountain of affluence starts the moment you begin taking responsibilities for yourself. Providing for yourself and taking responsibilities for your daily projects, tasks and work schedules is the true definition of self-reliance. Self-reliance motivates you to work. And with regards to the law of cause and effect, the reward to your work is always in commensurate with the degree of effort you put in. Seek independence as you desire to embrace wealth!
 

  •         Discover and Monetize your passion

    Every single human has a potential he or she  is endowed with. This is called talent and doing that would drive you crazily happy  in life while it fetches you  money. Imagine being paid while you have fun. Talent isn’t a function of intelligence. Otherwise, professors and first class graduates would have become the world’s richest people. In fact, dullards still have incredible talents not found in the intellectual class. So no matter how unintelligent your lecturers or teachers may have made you feel, bear it in mind that  in you is an innate ability to easily do some certain things in a special way- which would open the door of wealth for you. Your only job is to discover this talent, develop it and monetize the potentials. The fact that it is your passion would cause an avalanche of money into your bank account as soon as such passion is monetized. When you research on the rising wealth of the successful musicians, writers,  artists etc, their ascension into wealth started the moment they stepped out of their comfort zone, discovered their potentials and monetized their passion.

    •         Build a  Network of Good friends

    “ You are the product of the average of the closest five friends you relate with” Your income is equal to the average income of the five closest friends you have in your life”  Show me your friends and I will show you who you are”
    These are quotes that emphasized the degree of influence our friends have in our life. Friends actually help us grow. No man is an island and nobody is a self-made millionaire. We all need someone to lift us up the ladder. It could be tens, hundreds or thousands of friends and fans around us. You can never predict from whom help could come from. When you discover your passion and wish to monetize your product or services, friends could vote you into affluence by linking you up to organizations or companies that can endorse your product, services or even you. Business persons need as many friends in different walks of life as they wish to expand their business empire. A friendly contact with a politician could cause him make policies to the favor of your products and services which would be a great upliftment in your business and a gateway to more wealth. You could be recommended to a higher authority for contract works you can never get if not for friends who know you and know what you can do better. A single contract can change your entire life forever. Yes it does!  When you have a solid network of friends, you are already cruising your way to riches.

    •         Identify and Utilize Opportunities


      Opportunities are opening doors to wealth. But it takes an entrepreneurial eyes to discover an opportunity. It is one thing to discover opportunity, and it is another thing to utilize it. The latter is where many people fail. They find it difficult to utilize an opportunity- to act on it and produce worthwhile results. This is because they are not prepared. Success is only achieved when opportunity meets preparation. Always get your passion prepared and ready, once opportunity comes - you won’t only be successful but an ocean of wealth would start flooding towards your direction.


    •          Build and Expand your Source of Income


      Having a single source of income is detrimental. Even the world’s richest man ner relies on a single source of income. Wealth is like the letter  V. While it starts at a point, it has every possibility to be expanded upwards. Establish a larger pool of every wealth and watch as poverty leaps away through the window.

      •             Don’t just Save; Invest




        Saving your money is synonymous to stacking a pack of dollars in your briefcase. They only yield little interest and the worst of it is that currency values depreciate with time as a result of inflation-during which you use more money to buy fewer products. No matter how much interest banks give you on your fixed deposit accounts, such money would always accumulate higher return on investments when you re-invest most of it into other businesses. And if you have to invest, let it be on assets that appreciate in values overtime.


        Wealth is a long term process that takes time to manifest. It is not an overnight phenomenon. But so long as you cultivate the right positive mental attitude  towards wealth, and diligently follow the aforementioned prescriptions, you will not only be rich but affluence will be your second name.
         
      Article written by Emmanuel Chukwuemeka Eminent Agbo
              A Motivational Speaker, a Content Writer, a Blogger and a Digital Marketer 
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