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Showing posts from October, 2020

5 Principles for rich mindset

 1. Take responsibility:  If you refuse to take responsibility for your life, although earning an impressive income won't keep you from going broke.  If you think you have no power over your own life,  It's tempting to want to spend your money while you have it, This is why people spend lavishly on instant gratifications like expensive dinners and luxury cars.You'll fail if you have the wrong mindset no matter how much you earn.  2. Invest in assets:  Only invest in assets which put money in your pocket and avoid liabilities which take money out. Simply, an asset is something that makes you money while a liability costs you money. Assets include income generating things that produces income which can appreciate over time and it can be sold instantly. 3. Ensure you have an income greater than your expenses: The only way to do this is to keep an eye on your money chart. Your income which includes, any money coming your way each month and compare it with your ...

5 Rules that rich people follow and poor people don't

Today we're talking about five important principles that are rich and successful people used to create their success and how you can use them in your own life. Number One:  The rich make decisions quickly and change them slowly. Have you ever been in this scenario? let's say you go to a fast food restaurant and there's a bit of a line so it takes a few minutes to get to the front and after 10 minutes of wait time, the person in front of you still can't decide what they want to order?  A big difference between highly successful people and the average person is that most people tend to make decisions slowly and change them quickly. In other words, the majority of people are indecisive and uncertain about their decisions. Which makes it difficult to stick to one decision for the long term. The rich and successful tend to make decisions quickly and with certainty and commit to them. See, many people have many ideas of what they can potentially do. A business or even a perso...

Best habits of rich people. If you want to be rich these are must have habits

  Do you know why you struggle financially? Do you know why you've got no money at the end of the month? Because you have the habits of poor people. You see, rich people, they have very, very different habits compared to the poor and the middle class. Today, I'm gonna teach you what those habits are. We are what we repeatedly do. Human beings, we are creatures of habits. You notice that you kinda do the same thing, the same routine, over and over again and again and again? See, getting rich is not an act, it is a habit. So is staying poor, it's also not an act, it's not something that just happens to you, it is a habit. So, let me teach you the three best habits of rich people. The very first habit of rich people and that is: they count their money. Poor people don't count their money, they get a paycheck, they deposit a paycheck, they spend the money, they have no idea what their expenses are, they have no idea how their money flows. You notice, poor people they h...

Financial Education - Main lessons/points in Rich Dad Poor Dad book by Robert T. Kiyosaki

  In his book Rich Dad Poor Dad Robert points out 5 main ideas The poor and the middle-class work for money. The rich have money work for them. It’s not how much money you make that matters. It’s how much money you keep. Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets. Financial aptitude is what you do with money once you make it, how you keep people from taking it from you, how to keep it longer, and how you make money work hard for you. The single most powerful asset we all have is our mind. Summary of the book “There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.” “Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.” “People’s lives are forever controlled by two emotions: fear and greed.” “So many people say, ‘Oh, I’m not interested in money.’ Yet they’ll work at a job for eight hours a day.” “Thinking that a ...

Dropshipping Suppliers in Australia

  Drop shipping in Australia has been booming for the last few years. However, I still feel that Australia is lacking domestic suppliers compared to the US. Below are some of the reputed suppliers currently operating down under at the moment. ●  SaleHoo  Salehoo is a suppliers directory that provides dropshippers and wholesalers. Buyers use their sourcing tool to connect with suppliers, and manufacturers obtain products at low prices and then sell products to consumers. Many of Salehoo’s customers make profits by selling the dropship goods via eBay, Amazon or Etsy.   ●  Factory Fast This is an Australian owned and operated online Shopping Mall that supplies everything from almost everything you can think of. It is committed to bringing the ever-changing product for Australian online market at reasonable online prices from the best manufacturers. Take advantage of extensive experience in product importing as well as on...