How to Make it in the Third World, Principles that also applies to the First World.
Nobody lives forever, at least not yet. You have spent your life building wealth and building a legacy for your kin. But how do you ensure that the good you are doing will impact many lives now and also long after you are gone? You do this through philanthropy. In step#9, we showed where legacy… Continue reading Step Ten – Philanthropy
According to Williams Group Wealth Consultancy 70% of rich families lose their wealth by the second (2nd) generation. That figure jump to 90% by the third (3rd) generation. This is often because those who struggled to create the wealth fail to discuss openly with their offspring what wealth and money means to the family. Often… Continue reading Step Nine – Legacy Planning
There are more important things in life than a little money, and one of them is a lot of money ~ Anonymous. You must become rich in your thinking before you can become rich in reality ~ Napoleon Hill. Napoleon went on to say that the single most important step you must take on the… Continue reading Step Eight – Preserve Wealth
Over 80% of Millionaires today are self-made. This means that they did not inherit their millions, they earned their millions. Now these ‘self-made’ millionaires are from different socio-economic backgrounds, with more than 50% of the self-made millionaires coming from a poor or lower middle-income socio-economic backgrounds. Therefore whether you come from a country that is… Continue reading Step Seven – Plant Seeds and Acquire Assets
Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it. Compound interest is the most powerful force in the universe – Albert Einstein. How much do you think just one cent (0.01¢) would be worth today if we invested it from the birth of Jesus… Continue reading Step Six – Invest