3 questions:
1. What are you naturally good at?
(Identify your talent)
2. What do you need to do to convert it to a skill?
(Skill = talent + structured learning + deliberate practice)
3. How can you monetize that skill?
(Sales + biz dev)
People pay for skills, not talent.
Income increase is the bullet; Investment & frugality pull the trigger.
Get some bullets before you go hunting.
Explore ways of increasing your income (get more bullets): then save & invest aggressively (pull the trigger).
My investment strategy - buckets of 3.
1. Long-term aggressive bucket (LTA).
2. Medium terrm balanced bucket (MTB).
3. Short-term liquidity bucket (STL).
Questions.
1. What instruments are in each bucket?
2. Can you design a portfolio for a 25yo and a 50yo using the 3 buckets?
Sports betting is a scam. It's an unfair transfer of capital from the poorest and most vulnerable to unscrupulous millionaires and billionaires.
Don't fall for the scam. Invest your money, don't gamble it away.
500 people lose their shirts for every win you hear about.
Most doors of opportunity are locked from the inside. Someone on the inside has to unlock it and invite you to the table.
When you open small doors for others, the universe rewards you with someone who can open big doors for you.
You may have a thousand excuses why you can’t accomplish your dreams, why you can’t get out of that problem. God is saying to you, “I’m about to show you unexpected favor, unexpected increase, unexpected promotion, unexpected healing.”
Your life is going to follow your thoughts. If you live worried, upset, anxious, then you’re inviting discouragement. Thank God that He’s fighting your battles. Thank Him that no weapon formed against you will prosper.
21 to 25 - Learn about finance. 26 to 30 - Start a small business on the side.
31 to 35 - Grow your businesses
36 to 40 - Invest like crazy
41 to 50 Invest like crazy
50 + Retire
All this is impossible if you don't learn to save and live below your means.
#Becowrywise
1. Get financial education. I attended a 10-week course on financial planning in the US to understand the basics.
2. Don't just work for money; let your money work for you.
3. Build an emergency fund.
4. Build a business.
5. Learn to work with partners. #BeCowryWise