Your first job as a leader is to spot more potential in those you lead than they might see in themselves.
Your second job is to help them reach that potential.
#Leadership
Seven Steps To Rise Above The Current Economic Hardship
1. Register a company, even if you donโt have something to do with it at the moment. Most corporate deals go to companies, not individuals.
2. Invest in learning how to write business plans, so you can get loans, because you donโt necessarily want to invest with your own money. Dangote. Insurance company will bridge it if there is a loss.
3. When profit comes, convert it from money to assets. All monies, whether Dollars, Pounds, Naira, Cedi, or Shillings, are by their very nature designed to lose value over time. It is called inflation. That makes them liabilities. Invest in what rises in value over time. Invest in assets.
4. When putting your money in assets, have a mixed portfolio of conservative and risky investments. Never put all your profits in risky assets alone.
5. Banks exist to suck money from people who donโt have business ideas and give it to those who do. When you donโt know what to do with money, you save it. When you know what to do with money, you borrow from banks to invest in a business. Instead of saving, learn how to invest your money yourself.
6. Money is never static. It is either growing or shrinking. When you donโt know what to do with your money, inflation will make the decision for you by making your money shrink. Only by investing can you protect your money from inflation. If not, kiss it goodbye.
7. If you do not know what to do with your money, then invest it in the VOO and VFIAX. Both products are some of the safest yet most profitable investments on Earth.
When money touches your hand, convert it from cash to assets. All funds, whether Dollars, Pounds, Naira, or Cedi, are designed to lose value over time. It is called inflation. That makes them liabilities. Invest in what rises in value over time. Invest in assets! The worst thing you can do is to leave money in banks.
If you have a phone and data but you have not registered your own company, donโt blame satan or the present economy for your poverty. How many corporations do you know that pay cash to individuals? Very few, if any at all. They pay to companies. Register one with less than the cost of your phone. You can now even register companies online.
#RenosNuggets