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Wealth Creation Part 2 By Olufolake Stephen Adams - Business To Business - Nairaland

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Wealth Creation Part 2 By Olufolake Stephen Adams by JVLI(f): 1:44pm On Dec 06, 2013
In my last topic, Discovering wealth Creation, i told you that i'll talk on how to build assets. Every information given here are authentic. This is to enlighten you on how to create your wealth. 1. Saving in itself is not an asset until it is invested. Surprised? It is true. Many think b'cos they save, they will be rich. No way! If you save, turn it into investment. Remember that assets are inflow of money to you. Savings doesn't bring money in until it is invested. 2. Buying of Stocks. Many do this. For you to build money through this means, you must know what's all about. When to buy and when to sell. Which company has the biggest turnover or dividend for the yr. You must have knowledge through the stock exchange information in the newspaper. You must get a good broker who knows the job well to aid you. You buy most when the market is low and sell when the market is high. 3. REAL ESTATE. Selling of houses is one of building assets. Let me leash out one secret here to you. Those who make it in the real estate world do so through what am about to share with you. Buy dilapidated buildings and refurbish it to your taste and resell. You can make more than the money, you used in refurbishing. That's how kiyosaki made his money. 4. Books. Books? Yes, books. Am a publisher. Writing and selling of books are ways of creating wealth. Books in e forms sell whether you are sleeping or not. If you publish a book and sell it for N100, and 1M People patronize you, do you know how much that is! 100M! Don't commonize publishing of books. We are in the information age. Capitalize on what you know and get it across to people. 5. Specialized knowledge. This is similar to the last statement i just made. Specialized knowledge is using what you know to help people and in the process, money flows to your direction. 6. FOREX TRADING. It this, be careful. People have made a fortune and at the same time a loss. Every investment carries a risk. It all depends on what you want. Banks make tremendous fortune from forex. You too can if you know how to play the market. All the best. 7. Investment in Oil and gas. 8. Importation And exportation. In all these, what brings in money to you is an asset 2, just build it to form another asset, then another, then another, till you have chains of companies, as far as you form your financial networkin. Remember, it is not the stocks or treasury bills or mutual funds or forex trading that makes you rich, but what you know about them and the how that makes you rich, INFORMATION IS WHAT REALLY MAKES RICH

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