SEMINAR RECAP ON THE TREASURED ENTREPRENEURS ASSOCIATION “TEA” HALL OF WEALTH PREMIUM GROUP…
👉🏻Theme:
❤ 9 GOLDEN RULES OF BECOMING A MILLIONAIRE & WAYS MILLIONAIRE MANAGE THEIR MONEY THAT YOU DONT DO & KNOW…
🎤SPEAKER/FACILITATOR/DISCUSSANT
🗣 Mr Asuni Adeshola
MD/C.E.O TEA FARMS & FOODS SERVICES
MD/C.E.O TEA PUBLISHERS SERVICES…
Good evening my esteemed members of the treasured entrepreneurs association..
How has been your day my people???
Hope normalcy is returning to our area my people???
You are all welcome to our seminar for tonight???
Without wasting much of our time lets set the ball rolling🏃🏼♀🏃🏼♀🏃🏼♀🏃🏼♀🏃🏼♀
Here are the 9 Golden Rules Of Becoming A Millionaire
Having just two or three millions in your account would go far to having a greatly improved and additionally interesting life, right? It’s crazy to think how the richest people on the planet are carrying on with their lives to the fullest because of their wealth. How does one really achieve the goal of having millions of dollars in his/her bank account?
It’s not easy, that’s without a doubt. Millions don’t just tumble off the sky or develop on trees. So, what can you do to get a million bucks without waiting for a rich relative to die in order to inherit some “dough”?
Well, the first thing you need to do is work hard, be smart and properly handle your savings.
1. Save to Invest
It takes money to bring in money. Instead of spending all your savings on a dream vacation or another vehicle, use those assets to start or buy a business or a little project.
2. Search for the best method to invest money
How and where you invest your money is an important choice. Successful investing is the key to arriving at your drawn out objectives. You need to continually watch the market to know where the investors’ enormous golden goose is.
3. Diversify
Never bet on one horse. Put your money in a few investments, and keep your essential activity while you accomplish your objectives.
4. Don’t pretend to be somebody else
Don’t spend beyond what you can afford. Live within or beneath your methods and don’t borrow money. Instead of spending every weekend at costly restaurants, sort out meetings at your home and save a portion of the money you didn’t spend.
5. Self-education is the key
If you want to succeed in the business world, you must be eager to dedicate a lot of time to self-education. You can take courses, buy books or read information on the Internet. A successful individual can talk intelligently about a wide range of topics, be it politics, markets or sports.
6. Change the manner in which you think about money
Stop thinking that money is something difficult to achieve for you or that you approve of what you as of now have, although you might want to have more. Start by accepting that having money isn’t awful as long as it’s obtained lawfully and without passing someone by.
7. Set objectives and targets
The process of setting objectives allows you to pick where you want to go throughout everyday life. When you’ve chosen an objective, start working toward achieving it. Don’t try to do everything simultaneously set little targets that you must hit, and be realistic when setting a time edge to attain it.
8. Surround yourself with successful individuals
Associate with individuals that are smarter, richer and more successful than you so you will have the option to gain from them. They will inspire you to go after a higher bar and tell you the best way to get to the next level.
9. Age is just a number
Unfortunately, in certain countries it can be difficult for individuals of a certain age to get steady employments, despite their experience. But remember, in the event that you are determined to bring in money, you can get rich at any age. The important thing is to have an away from of what you want and the information to do it.
10 Ways Millionaires Manage Their Money that You Don’t
There are many ways that people can become a millionaire. However, there are some ways that offer much better chances of success than others, though this means a corresponding amount of time, effort, and other resources as well. As such, those who want to become a millionaire should make sure to read up on money management suggestions.
What Are 10 Ways that You Could Better Manage Your Money???
Here are 10 tips that interested individuals might want to keep in mind when it comes to money management:
1. Maximize Your Credit Score
A person’s credit score isn’t based on their wealth. Instead, it is based on their creditworthiness, which can be summed up as whether they can be counted upon to fulfill their debt obligations or not. As such, people can raise their credit score even if they aren’t earning enormous sums of money because it is a matter of keeping their balances low, making their payments on time, and being a desirable credit consumer in other ways. Those who are curious should have no problems finding information about how their credit score is calculated. However, they should start on this process by getting a copy of their credit score report so that they can get a better understanding of their situation before proceeding further.
2. Understand Your Revenues and Expenses
For most people, it isn’t particularly difficult for them to figure out their revenues in a particular period of time. However, the same can’t be said for their expenses, which is a serious problem because they can’t hope to maximize their financial gains unless they understand what they are spending their money on. Fortunately, this is a simple and straightforward problem with a simple and straightforward solution. If people don’t know what they are spending their money on, they should keep track of their purchases in month after month.
3. Budget
Of course, understanding revenues and expenses is necessary for people who want to make a budget. Once they have a budget, they can then prevent themselves from spending more than what they should be on various categories of expenditures, thus enabling them to exercise budgetary discipline. Under ideal circumstances, interested individuals should have a plan in mind for every dollar that they earn.
4. Prioritize
Some expenditures are more important than others, meaning that they should be prioritized. For instance, if someone is seeking to pay down their debt, they should prioritize the outstanding balances with higher interest rates over the outstanding balances with lower interest rates. However, if someone needs a boost of confidence because they are still starting out, they should consider starting with the smallest outstanding balances instead to convince themselves that they can pay off their debt.
5. Save Up
North Americans tend to have a very low savings rate. This is a problem because more savings mean more earnings on those savings. As such, people who want to become a millionaire should make sure to set aside a portion of their earnings in each month for their savings. Moreover, they should do so at the start of the period rather than at the end so that they won’t be tempted to spend it right away.
6. Understand the Power of Compound Interest
Chances are good that interested individuals have heard the advice to save as early as possible on multiple occasions. However, this is something that cannot be stressed enough. Essentially, the power of compound interest means that time can have a huge transformative effect on a person’s savings, meaning that an early start is critical for a well-off retirement. Those who aren’t convinced can run the calculations on their own. Even if they earn just a 2 percent rate of return on their savings, they can expect $100 to turn into $148.59 over the course of 20 years.
7. Consider Investing in the Stock Market
Naturally, interested individuals will want to put their savings in something with a good rate of return without taking on too much risk in the process. As such, while bonds are a great way to minimize risk, it is very common for people to put some of their savings in the stock market as well because the stock market offers better returns. It is common for people to use a 20 percent bond and 80 percent stocks ratio when they are young before they reverse that ratio as they get older.
8. Don’t Invest Based on Emotion
Speaking of which, people should never invest based on emotion. Instead, they should study investing enough to figure out what they want from investing before they come up with an investment strategy to get that either on their own or with the help of an investment specialist. It is very common for investors to get over-excited for one reason or another, which makes sense because it is their money at stake. By having a plan, they can ground themselves to some extent, thus making it more difficult for them to be affected by whatever that is happening.
9. Cut Down on Expenses
The more expenses that people cut, the more that they can put into their savings. This is one more place where a budget can come in handy because knowing how they spend their money is the first step to coming up with various ways to cut down on those costs. In some cases, this means eliminating unnecessary expenses altogether; in other cases looking for better options, which may or may not be possible depending on how much effort people have put into searching for them.
10. Continue to Learn and Evaluate
On a final note, interested individuals should continue to learn about money management as well as other financial matters. In part, this is because there is always something more to learn, meaning that there are always more possibilities to be uncovered. However, it should also be noted that finance is a field that is changing on a constant basis, meaning that interested individuals will need to keep up. Of course, this knowledge isn’t meant for just the sake of knowledge. Instead, interested individuals should be using it to reevaluate their financial matters on a constant basis to look for new points of potential improvement.
This is where i will drop tha anchor and the gauntlet for tonight presentation…
See you at the top.🏃🏼♀🏃🏼♀🏃🏼♀
Thank you and God bless you all…..
TREASURED ENTREPRENEUR ASSOCIATION 