Glad to have you follow my thoughts again today, I sincerely apologize for uploading this post over 24 hours after the previous post; I had some issues with my blog and site host. If this is your first time or you have missed any of the previous post, I’ll strongly recommend you read back, it’s easy Read here
I got to ask myself why did I choose to chronicle my thoughts; is it just to have people read my posts on my blog, or to have traffic on my blog? As good as those are, they are not. I desire to use what I have and what I know to influence friends. What is most important to me are the decisions you take reading my posts not just the knowledge – as good as it is.
One point I have established in my previous posts is that wealth creation is the way out of recession. The truth is that even when Nigeria officially grows out of recession, some individuals may still be in recession. Without recession, people just get broke just because they lack necessary knowledge and commensurate efforts to do what they know.
I’ll love to give an illustration – wealth creation can be likened to three persons setting out a journey from Lagos to Abuja, now the first chose to take a flight, the second chose to go with a personal car, and finally the last man chose to go on foot. Get this – All of them will get to their destination (Abuja), what will vary is the difference in time of arrival. The tool you engage on your trip to wealth creation matters, salary (field principle) may eventually take you there, but there is a faster route (flock principle).
Now what should a salary earner do? Simple! Upgrade from your field concept to a flock concept. What you’ll have just done is changing your mind to fly to Abuja than to trek. The difference is big. I do not care how much you earn a month, even if it’s in seven digits, there is room to move faster. It is advisable everyone start on the field concept – remember, even Jacob the pioneer of the flock concept started at the field concept and grew into the flock.
It must be noted that creating wealth is a daily process – how do you know you are making progress? Wake up every day, start every week, month, and year knowing you are making more progress – you must make financial progress daily. Get rich quick syndrome is an absolute waste of time, lest you mistake my thoughts for one of those syndromes.
What happen if you are already in business and it seems its failing? This is a critical one, there are a lot of reasons why your business or investments may fail, and delving into this may take us off our focus. However, you must do an appraisal or seek professional advice on the status-quo.
Even Jacob the entrepreneurial guru found himself in recession after the initial incident where he stole his brother’s inheritance through his flock concept. He had to leave his flock – he traveled to his uncle’s house and started at the field level again. In that recession he was able to switch from the field concept to the flock concept again, this time around he became mega wealthy. Wealth creator guru knows how to create wealth no matter the circumstance. Wealth creation principles remain sacrosanct. Here is what his boss’ son’s said about him:
Now Jacob heard the words of Laban’s sons, saying, “Jacob has taken away all that was our father’s, and from what was our father’s he has acquired all this wealth.” And Jacob saw the countenance of Laban, and indeed it was not favorable toward him as before. Then the Lord said to Jacob, “Return to the land of your fathers and to your family, and I will be with you.”
How did Jacob played this trick again? Not to worry, I’ll be explaining that in my next post. It will be another post full of sound economic principles needed for wealth creation, you should stay through. The post would be uploaded on my blog within 24 hours. It is advisable you switch on the blog notification request upon visiting the blog, what that does is to notify you when the new post drops, regardless of the device you use. You can always switch off the notification anytime – I can bet you would appreciate switching it on.
Finally like I said starting this post, my joy is not that you just read this, you should be able to make good economic decisions after reading this. I’m particular about those decisions, I have had several people ask me questions about which investment is best and clarifications here and there, I appreciate every of them. I really will appreciate hearing them. I want to know decisions you are taking – you can go to my contact segment and leave me a note or any form of reaching me, I’ll love to hear from you – I promise to read all and respond to all, even your questions. Don’t forget to use the share icon – it’s a wise decision. I love, I care.