- Buy Assets not liabilities. Assets bring money to your pocket, liabilities take money out of your pocket. For example buying land is a good investment decision, also stocks and Treasury Bills (TB).
- Have multiple sources of income. Increase your chances of getting more money. Start a side hustle and be paid for your knowledge and skills.
- Invest in what you love, your passion. It’s easier to make money in doing business that excites you to wake up early morning each day.
- Have a strategy to earn more, start investing early this year. Use other people’s money (OPM), to generate wealth. By these I don’t mean conning people, but borrowing from friends and relatives to boost your venture.
- Have a financial education on how you will earn more, study on how to have a passive income and on how to make and keep money. Invest your money in the bank, investing your savings for example in a property, it helps you mitigate the effects of inflation.
The secret of getting a head is starting, Mark Twain. Start with what you have and build on it as you learn. Think big, start small, but start now
5 Ways To Get Rich in 2023
