Get your finances right

Fola Daniel Adelesi Speaker. Author. Consultant

www.foladaniel.com

Expand your mind

• What vision do you have?• Why must you make money?• What will your money go into?• Can you make money without a vision?

What's your dominant financial thought?

• The next phone, tablet or gadget to buy?• Next gucci bag?• Next T.M Lewin?• Mary Kay make up?• A vacation in Dubai, UK, US, Bahamas• A beautiful wristwatch• Next set of shoes• Home theatre• Or the next business to invest in?

Buy capital goods

• As we were thought in elementary business studies, capital goods are the goods used in the production of other goods. So you should:

• Buy goods that can serve business purposes• Cut costs on anything that can't serve your

business interest directly (profit) or indirectly (impression...)

Get financial mentoring

• Who is your financial mentor?• Who do you listen to about money matters?• Is your Intel just the regular street cred?• Who's on the journey to wealth with you?

Use a financial consultant

• It is suicidal to want money and not consult those who manage money.

• Talk to some real investors on saving and investing

• Discuss long term plan on making money with your consultants.

Buy with the future in mind

• Dont be penny wise and pound foolish• Some buy cheaper things and end up buying

the same thing repatedly. Others buy expensive stuff and enjoy on a longer period.

• Don't buy in bits when you can buy in bulk and save more.

Add new skills

• If you don't get new skills then you are depreciating and that will soon reflect in your finances.

• Add skills relevant to people's problems

Creat products for cashflow

• You cant run out of cash if you create the right products that people need.

• The cash may not be much but there will be cashflow.

• Create products from your experience and knowledge

Dont show off!

• Showing off is what is killing so many people financially.

• When you get some money, think of your future before thinking of the next person to oppress.

• If you dont need to buy then dont buy!

Think of employing others.

• This is a great secret to wealth or financial success.

• Those who think of helping others get what they need end up meeting their own needs

• The thought of employing others makes you think of growing what you are doing beyond yourself or family

• Then what you start can become a generational business.

Shine your eyes!

• There are problems around for some people• There are opportunities in every problem• Don't form a habit of always complaining

because opportunities don't come to complainers.

Be a giver

• Giving, even though over flogged as a teaching in churches and other religious bodies, is a mystery to getting more.

• You may run into trouble and it is your giving, maybe when you have forgotten, that will save you.

• Sow deliberate seeds ~ Parents, leaders...

See ahead!

• I already said you have to see but you need to see ahead.

• What's the direction of the world? Go there first and wait for others to come and start paying you.

• Act fast on what you see because you are not the only one who can see.

Create a savings plan

• Saving will definitely help and keep you out of trouble

• You can do direct saving (saving up in your bank or savings box or

• Indirect saving (saving into a pension plan, target account, mortgage like scheme)

Asset acquisition plan

• Wealthy people are never judged buy cash in their possession. It's usually by their assets. Why?

• It's because assets are the things sustaining the wealth and bringing in the cash flow.

• So the more assets you acquire the wealthier you can become

Thank you & check out

• www.foladaniel.com