Tag Archives: Investment

10 Funny Ways to Remain Poor


Some people (like I used to believe when I was a kid) wish for riches but would not do what it takes to get rich. These words keep echoing to my head every time I am at crossroads with life decisions – “If it has to be, it is up to me” (If I want to get rich, I must work hard to become rich). I cannot recall where I saw this post but I know I copied it from somewhere (possibly a friend’s facebook post or blog, I still cannot recall). It is worth sharing because it tells me not to be lazy or carefree with my resources. Enjoy it and learn along the line.

1. Never wake up early.

Keep stretching & turning in bed until you get too hungry to continue dozing. If there are no bedbugs, why hurry to get up?

2. Never plan how to spend your money.

Whenever you get money, start spending it right away and when it’s finished, you try to count and recall how you spent it.

3. Don’t think of saving until you have real big money.

How can you save when you earn so little?? Those telling you to save are not sympathetic to your burning needs.

4. Don’t engage in activities usually reserved for the “uneducated“.

How can you a [well school, high-class] graduate engage in petty trade or home based production?? That’s for people who never went to school.

5. Don’t think of starting a business until an angel comes from heaven & give YOU capital.

How do they expect YOU to invest before YOU get millions of dollars?? Even though more than half the businesses in your town were started with a few hundred dollar, you as a smart person can only start with millions.

6. Complain about everything expect your own attitude.

Blame the system the government & the banks that refuse to lend you money. They are all bad & do not want you to get rich.

7. Spend more than you earn.

To achieve this, buy consumer product on credit & keep borrowing from friends & employers.

8. Compete in dressing.

Make sure you wear the latest clothes among all workers in your offer. Whenever your neighbor buys a new phone, you get one that is more expensive.

9. Get yourself a nice second hand car that costs more than three times your gross monthly pay.

10. Give your children everything they ask for since you’re such a loving parent.

They should not struggle for anything because you do not want them to suffer that
way, they will grow up lazy & hence poor enough to ensure they can’t help you in old age.

Chase poverty away, embrace riches…



9 Steps to Financial Freedom


Financial freedom is the point where your passive income exceeds your living expenses.

These steps show the route to take to arrive at the point called, financial freedom. What to do with these steps? Determine where you are, and then you can get counsel to help you move from where you are to your desired destination.

Counseling can be as a group or one to one, with attendant costs. Posts are free!

Step 1. Expense is greater than income

At this step, you spend more than you earn because in most cases you have budgeted your in-come before they come-in.

Step 2. Income equals expense

At this step, your plan your expenses around your income and save nothing because you have a good mentality to never exceed your income. “Spending wisely” as some put it.

Step 3. Income exceeds expense, but no real savings

At this step, you save but have no real savings because you save to spend it later. E.g. you have your eye set on that car, that house, that shoe, that necklace…in a word spend in a liability. This takes you back to step 2.

Step 4. Income exceeds expenses and an escrow account has been created for reserves (savings)

At this step, you save very well and now have an escrow (an account reserved to acquire assets).

Step 5. Escrow has been funded consistently as a habit.

Passive Income 3
Passive Income 3 (Photo credit: casperam)

At this step, you have formed a new habit of consistently saving into your escrow before spending.

Step 6. Reserve is used to buy asset(s)

At this step, the Escrow account translates to the purchase of an asset. Beware anything bought that does not fetch you in-come is not an asset. If you have to spend on the asset such that the net effect is zero or negative (speaking in mathematics), you have no asset but a Liability.

Step 7. Asset begins to generate passive income

At this step, your asset is now generating income without your sweat (=passive income).

Step 8. Passive income exceeds living expenses

At this step, your passive income takes care of your daily expenses.

Step 9. Passive income is multiples of expenses

At this step, your passive income takes care of whatever you decide to do.

Navigating from one step to the other is not rocket science. It requires some guidance and commitment from your part to succeed.

If you require my help, identify where you are and click here.

To your financial freedom!

Share with your friends and find their levels. Step 0 is no income and Step 10 is teaching someone to follow your steps.

Think again, what would you do with your time if money was not your problem?