Living is a function of what we offer at present and outlive us. So how do we live by taking the caption
below which I have tagged the golden rule as our guide?
ON EARNING:
Never depend on single income.
Make investment to create other source of income like trading, investment in
treasury bills and government bonds, profitable business by partners or trusted
ally.
ON SPENDING:
If you buy things you do not
need, soon you will have to sell the things you need. Things you do not need
are liabilities because they take your money without adding back to you
monetarily. An expensive iphone or a blackberry passport that is bought just
because it is trending is an abuse of purpose when it is not put into a
profitable use. It will only consume more of your cash in terms of data
consumption and other associated costs. Finally, you will either sell it at a
discount or sell some of your valuables to maintain it. Be wise.
ON SAVINGS:
Do not save what is left after
spending, but spend what is left after saving. Savings is what you set apart
from the onset when you earn an income. It is wrong to follow the trend of
having to use what is left after every other bill has been settled as savings.
What is the assurance that another expenses will not pop up? Be disciplined.
ON TAKING RISK:
Never test the depth of a river
with both feet. Every investment
has an inherent risk in it. Though the higher the risk the higher the return,
it is always advisable to spread your risk. Combine both low and high-risk investments.
Let your portfolio of investment be balanced and never forget to insure
yourself against risks. Be warned!
ON INVESTMENT:
Do not put all eggs in one
basket. Investments have varied return on capital invested. Do not limit your
investment to a sector. A peep into agriculture combined with services and
management is a good leverage. Genius, isn’t it?
ON EXPECTATIONS:
Honesty is a very expensive gift.
Do not expect it from cheap people. Cheap people have nothing to loose so don’t
invest your precious time on them.
The past is a waste paper,
present is a newspaper, and future is a question paper. Come out of your past,
control the present, and secure the future.
When bad things happen in your
life, you have three choices. You can either let it define you, let it destroy
you or you can let it strengthen you.
Our eyes are in front because it
is more important to look ahead than to look backwards. Keep the focus on your
dreams.
We use pencil when we are young,
but now we use pens. Do you know why? Because mistakes in childhood can be erased
unlike now.
Act wisely.
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