It has been said that getting rich is not an accident. People who get wealth have a certain way of doing things and stick to it all time.
So getting rich is a product of acquiring certain principles and living them.
I have in this blog listed 7 procedures that have been proven over time. Am personally practicing this procedures and i have seen my online investments grow. please forget about the get rich schemes for they push you deeper into the valley of poverty. You must understand that wealth does not come overnight but steadily as you do the right things in time.
I therefore find the need to lay a foundation on wealth creation before getting into online business procedures.
Principle 1
Pay yourself (Save at least 10% of your income as your pay)
To drive this point home i will turn to a banana seller and to set an example for this concept. If the banana seller will choose only one basket and put each morning ten bananas but take out from it only nine bananas, what will happen?
The banana seller will have an overflow as time passes by. That's the beginning point in online investments as well as any other form of investments. For every ten dollars that you place within your reach, take out only nine for your use. Then after that your savings will start to fatten at once and their increasing weight will feel good in your hands and bring satisfaction to the soul. For each ten dollars i put in, i spend but nine”. That seems simple but very effective. Upon practicing this you can manage your wealth very well and avoid financial short falls.
I will shortly tell you what to do with those savings, keep following.
Principle 2
Budget your expenses that you may have money to pay for your necessities
By now some one out there could be wondering how its possible to save one-tenth of their earnings if it was not enough for their necessary expenses. The answer is to avoid confusing the necessary expenses to the desires because every one has so many desires in which their earnings cannot gratify. You should learn to live in a simple way and must budget your earnings to your necessary expenses. Budget is necessary to control expenditure and to increase your savings. So the second principle is to Budget your expenses so that you may have money to pay for your necessities, to pay for your enjoyments and to gratify thy worthwhile desires without spending more than eight-tenths of your earnings”.
Principle 3
Make Your
Gold Multiply
You should put your treasure or savings to labor and make it
multiply. That is what is called Investment. you must put it into investment because a man’s wealth is
not in the coins he carries in his pocket nor the money "sleeping" in the bank but the income that he
builds (Cashflow). The golden stream of money that continually
flows in your purse is the important one and which every man should
desire. So the third principle is: “to put each dollar
to laboring that it may reproduce its kind even as the flocks of the
field and help bring to you income, a stream of wealth that shall flow
constantly to you.”
Principle 4
Guard your treasure from loss
You must study carefully (market research)
the flow of business before making an investment. You must assure your investment from risk of loss. Do not be intrigued by
earning a large income and you must acquaint themselves first to the
dangers that you might encounter. Consult the wisdom of
those who are experienced in handling money for profit because such
advice is free and its value is the same with that of the gold. In online investments there are HIYP monitors that you must learn to use. My own misfortune during my investment with Genius fund taught me a lot. So the fourth principle is that you guard your treasure from
loss by investing only when you ensure your principal is safe, where it may be reclaimed
if desirable and where you will not fail to collect a fair profit.
Consult . Secure the advice of those experienced in the
profitable handling of investments. Let their wisdom protect your dollars from
unsafe investments”
Principle 5
Make of your dwelling a Profitable Investment
Plan to own your own
home. this principle makes you to enjoy fully your life. If you choose to rent a room or a home, then your
family would not be at ease. A man/woman who has his/her own
domicile will receive many blessings and will reduce his/her cost of living
and lastly will satisfy his desires.
Principle 6
Insure a
Future Income
Provide in
advance for the needs of your growing age and the protection of thy
family”. You must give way for your future days and you
must also plan for your certain investments or provisions that may
endure safely for many years
