YOUR OWN MONEY TREE
It was after the infamous fall of the Nigerian stock market that I started being painfully aware of the trend in the Nigerian wealth creation market. It starts when a wealth creation opportunity gains popularity due to its potency. People get into a blind rush to pump money into the opportunity expecting to rake in mega profits. What happens on the long run is that most of the people lose their money in the process. Then the grumbling and blame passing process begins. You are in trouble if you are among the people who popularized the opportunity. Being someone who is passionate about sharing wealth creation opportunities, I launched into an extensive research into what increases an individual’s chances of profiting from any opportunity. It is my pleasure to present to you the simple nuggets I discovered to help you greatly reduce the percentage of your funds you lose to bad investments. I urge you to consider them when next you plan to put down your money and check whether they would make a difference.
WEALTH CREATION OPPORTUNITIES ARE TAILOR MADE.
Imagine Michael Jackson as a boxer and Mohammed Ali as a singer. That you are laughing clearly shows there are specific personality and intellectual capacity requirements for each wealth creation opportunity. Failure to put this into consideration has exposed many people’s pocket to devourers. To succeed with any wealth creation opportunity, you need to possess the required personality and intellectual capability. Forex trading for example entails significant levels of risk therefore risk averters who trade forex do so at their own peril. To avoid this pitfall you therefore have to know your personality and intellectual capability. Do a sincere self analysis to determine your strengths and weakness. It also helps to cross check what you have written down with what your closest associates think are your strengths. Before going into a wealth creation opportunity, find out the personality and intellectual requirements and check to see if you possess them. Going into businesses you are mentally and emotionally equipped for has been shown to greatly increase ones chances of success.
APPLIED KNOWLEDGE IS POWER
What you do not know about the opportunity you are about to invest in would stop you from smiling to the bank with profit. Apart from increasing your chances of profit, knowledge also prevents you from being scammed. People miss it here when they invest without knowledge or worse still, they give their money to people with knowledge to oversee their investment. These people go ahead to heavily defraud them. Though it is impossible to know everything, you should know enough to protect your investment. During the boom of the Nigerian stock market, I was shocked to find people buying shares without being able to explain their decisions. Worse still, the take investment advice from people with little or no knowledge of the stock market. It was like taking flight lessons from a music instructor. In conclusion, CHECK,RE-CHECK, CROSS SHECK AND CHECK AGAIN before you put down your money.
START SMALL
Nothing protects your money like starting small and gradually growing your investment portfolio. Most people get scammed due to their drive to become overnight millionaires. Besides preventing you from getting scammed, starting small gives you control over the level of risk you are taking with your investments. You do not want to spend your profits on drugs for treating hypertension. Starting small also reduces your desperation so you can invest with a clear head. Desperation jams your mental frequency and can leave you broke faster than you think.
DRAW UP AN INVESTMENT PLAN
Starting small is good but you also need an investment plan to ensure you get as much value as possible for your investment. Without it, you would be like a traveler trying to navigate the streets of Lagos with the map of Port Harcourt. However, in drawing your investment plan, the first thing you need is a specific financial target. Exactly how much do you want to make form this investment. This gives you a sense of destination and helps focus your total energy towards achieving it. You also have to determine the period during which you want to make the profit. This would inform the things you need to do to reach your goal. Your plan must also be such that you can measure your progress. This would show whether you need to speed up or slow down your drive. It should also be consistent and realistic so you would not end up frustrated go about discouraging other potential investors. Endeavour to write down your plan and review it from time to time to see if you are still on track.
DON’T STOP TILL YOU GET THERE
Having done all the things written above, it would be such a shame if you do not follow through with the plan. Surprisingly, this is exactly what people do for various reasons ranging from unforeseen problems to profit being lower than expected amount. Interestingly when some people make more money from an investment, they abandon their investment plan and eventually kill the hen that lays the golden egg. If you do not want to tell unpleasant stories, do everything within your power to make you execute your plan to the letter. LET NOTHING COME BETWEEN YOU AND YOUR FINANCIAL DESTINATION.
In conclusion, majority of the people who complain of loss simply did not do the things they should. I am sure your capital is very important to you therefore you would put these things to test. I would like to learn of your financial progress and answer further questions. Search for Emergence on facebook or send an e-mail to emergence_2010 @yahoo.com. You can also call 08030633106 or 08076119971. KEEP ON MAKING MONEY TILL YOU HAVE TOO MUCH MONEY. EVEN THEN DON’T STOP.
