by Sharon Akinoluwa | Jan 8, 2023 | Financial Freedom, Wealth Creation
Enjoying financial abundance and achieving financial freedom is no rocket science. As a result, anyone should be able to walk in the reality of this realm. What is basically needed for anyone to build wealth and achieve financial freedom is to do all is possible to boost income and control expenses, and then invest the surplus for compound growth. The ESI strategy is a sure path to financial freedom. ESI strategy simply means Earn, save and invest. If you’ll earn all you can, save as much as possible, and invest your savings wisely then it’s just a matter of time before you partake of the banquet of prosperity. Listen, if you embrace and truly put this simple strategy to work, you can almost be sure of enjoying financial freedom. The ultimate goal of the ESI strategy is investing. Investing is simply getting your money to make you more money. It is getting your money to work for you so you can eventually stop working for money. Investing a part of your earnings is a crucial key in your quest for financial freedom. Financial freedom is simply the point where the PASSIVE income from your INVESTMENTS is equal to or greater than your living EXPENSES. Financial freedom is not in amassing millions of dollars in savings on which to live. It’s not about a fat salary from a job, but everything about cash flow from your investments and assets. It is simple to have enough cash flow coming in every week or month from your investments and assets to meet your living expenses, whether you work or not. You don’t have to be fabulously rich...
by Sharon Akinoluwa | Nov 24, 2022 | Business Success, Wealth Creation
How do janitors and teachers achieve financial freedom while lawyers and accountants find it difficult to meet their financial obligations? Why are some guys who work two or three jobs broke while some who work for a few hours a day make millions? Answer: these financial achievers know what they want and how to get it. They have financial goals and plans that will aid them in the achievement of their goals. To achieve financial freedom, you need to set it as a goal. This is the place to begin your journey to financial freedom. Goal setters are goal-getters. Fortunately, this is quite easy for many to do. The challenge many people have is how to achieve their financial goals. The good news is that this shouldn’t be a problem. Achieving your financial goals and building wealth must begin with making a financial plan. This means setting out how you can accomplish your goals is a critical factor in achieving them. Understanding A Wealth Plan A wealth plan helps you to take a look at your current financial situation while helping you to understand what you must do to achieve your financial goals With a valid wealth plan, the probability of achieving financial freedom becomes greatly enhanced. Your wealth plan is the vehicle that takes you from point A to point B……from where you are to where you want to be financially. A wealth plan that is based on proven principles is your sure access to financial freedom. Unfortunately, many people who desire wealth don’t have a wealth plan. Many have trivialized the need to have a vehicle...
by Sharon Akinoluwa | Nov 21, 2022 | Wealth Creation
The financial plan sold to most of us by our parents and the authority figures in our lives involves going to school, getting a good job, saving 10% of our paychecks, and ultimately investing our savings in the stock market. Then one day, say 45 years from now, we would retire rich. Unfortunately, as laudable as this plan may seem, its ability to deliver the expected wealth and financial freedom is very pitiable and unreliable. First, it’s important to note that paper assets (stocks, bonds, mutual funds, and other traditional investments) are not great wealth-building vehicles. This is because of the mathematical limitations to their growth. Consequently, paper assets are better used as a parking place to preserve and grow the purchasing power of wealth that has been made through real estate and business ownership. To fully understand the power and the importance of this insight that I’m sharing with you, pick up your phone and call a stock broker or financial planner and tell him or her of your desire to achieve financial freedom, and that you need their help to achieve this. Also, let him or her know that you are presently finding it difficult to eat and pay your bills. After this revelation, watch his attitude and disposition towards you. It will take God for him to pick up your calls again. This is because stock brokers and financial advisers are in the business of helping you manage the wealth you already created. And are not in the business of helping you build wealth in the first place. One truth you must embrace is that rich...
by Sharon Akinoluwa | Nov 13, 2022 | Business Success, Knowledge Monetization, Wealth Creation
One of the major downsides to most of the teachings being peddled by most supposedly financial gurus and experts is the tendency to focus on how to save and invest money without first teaching people how to get the money they would save and invest. This article is to open your eyes to one avenue through which anyone and everyone can generate income. The main reason I tend to favor this path to wealth building is that we all have the basic raw material that is needed to make this a reality: knowledge. Your knowledge is all you need to generate income through this avenue. And the good news is we are all knowledgeable in something; something that others are ignorant or less knowledgeable of. And it is our privilege to teach these things to these other people for a fee. Knowledge monetization is one of the most lucrative business models with great potential to create financial freedom there is. It is a business model that offers you the opportunity to productize the knowledge between your two ears. Yes, your knowledge can be turned into an information product that would generate a good income for you. You might want to ask what an information product is. What Is an information product? An information product is simply a product that conveys knowledge or information for instructional or educational purposes. It is a structured format where your knowledge, experience, and skills are taught and communicated to someone, in order to meet a predefined purpose. Generally, an information product contains important facts about a subject or issue of interest. Your information product...
by Sharon Akinoluwa | Nov 1, 2022 | Business Success, Kingdom Prosperity, Wealth Creation
In all of human history, now is the most awesome time to pursue your financial dreams and aspirations. This is because building wealth and achieving financial freedom has never been this easy. The knowledge of how wealth can be accumulated has never been this accessible. The information, strategies, and principles of wealth building can be more easily accessed in the public domain than ever before. Doing a little study of what makes for wealth accumulation will establish the fact that there are three basic steps to it. One fundamental truth every wealth seeker must know is that building wealth is not rocket science. It can be achieved by engaging these three basic steps. Knowing and engaging these 3 steps will guarantee the acquisition of wealth any day, anytime, and anywhere on the planet earth. This is essentially so because these are universally tested and proven money-making strategies that will surely grow your money over time. They will empower you to make, manage, and multiply your money. Now let’s look at these three steps. The Step 1 The number one step to wealth building is to generate enough income to meet your financial needs and also have some money to save for investment. This is the first rung in the ladder of wealth building. This is the place to begin your wealth-building journey. When it comes to earning or generating income, basically, there are two main ways to do it. You can either earn passive income or earned income. Earned income is essentially linear in nature, that is, you are paid once for every work you do. While passive income,...