Accumulation is a path that leads to wealth.
Lovely readers, welcome to my blog, in order to keep my blog interesting and fresh I will be presenting you with a different topic today.
Building wealth takes more than desire, it takes consistency and it requires that you take on the habit of putting money away to either remain safe or to work for you. There are so many people who gets good pay at the end of every week or every month but they never get out of debt, it is simply because they spend so much than they earn.
In climbing the ladder of financial wealth, there is no definite formulae, but there are people who have worked through some parts and they have shared their story. In the said financial journey, discipline and high level of patience is required in order to attain desired financial level.
.jpeg)
If there is one thing that has remained the major difference between the rich and the poor, it is the habit of spending and saving. So many poor people have the mind set of simply living life the way it comes, making money and spending it as they seem fit, while the rich on the other hand believes greatly in saving and investment and this could only mean that after sometime, the person who had taken the pain to save and invest will enjoy the benefits associated with it.
.jpeg)
There is Power in Accumulation.
If there is a proven way that leads to building future wealth, it is by learning the habit of saving. Irrespective of the amount you currently earn, the moment you begin to set aside some amount for the purpose of financial accumulation, you have started your journey to the world of wealth building. Although it might not be a fast route, but this method sure works a lot and it has put so many people on the path of financial achievement.
Procrastination is Deadly.
So many people have heard about the benefit of saving, but have clearly procrastinated on several occasions as to when they will begin to save, let me give a quick illustration: Imagine that you have started putting away $100 every month since you heard about the saving strategy last year, by now you would have accumulated over $1,000 but procrastination led you into spending the money you would have saved on something you cannot even recall because it was clearly unnecessary. Procrastination surely kills dreams.
Lack of patience.
So many people who were not victims of procrastination and took the nerve to start early, sometimes fall into the trap of not being patient enough, the road might not be so fast and encouraging but trust me when I say it definitely becomes worth it at the end of the day, in order to grow wealth through accumulation, you have to kill the urge that might make you want to withdraw early.
Thanks a lot for reading, I remain your very own Nigerian lady @oluwatobiloba
Hello @oluwatobiloba I share with you that thought of saving, if we took out the account of everything we could save since our beginnings, many would not be spending so much work in this quarantine for example, certainly that was not the goal but it would not have taken out of trouble.
Most people, as you say, only care about living in the present and already, they don't think about the future or have no goals, they just keep working until they can't anymore, that's how we were raised, in the schools they don't teach us to be entrepreneurs, they teach us to work for others!
That's why many times I don't blame the people who think that way, I for example went to that habit since a few months ago, before all this pandemic, and yes, I was able to collect a few pesos fortunately!
Thank you so much for this beautiful comment.
And i agree with you, the school system only teach us to make money and spend it but real life experience often offer lessons to those who are ready to learn and I am happy you took advantage of it also.
Yes, life also teaches us that we can change our minds, it just depends on us!
The three tips you shared in this post are basically the most important for any startup.
Procrastination makes you miss opportunities, lack of patience makes you take wrong decisions and choices. Accumulation is the is the key to growing steadily — this is not possible without patience tho.
Thanks for sharing @oluwatobiloba
Thank you so much for reading.
@tipu curate
Upvoted 👌 (Mana: 16/20 - need recharge?)
Thanks
👍
Sera que tomo la idea de la paciencia, porque realice un Post hace rato y lo curioso, es como si nadie lo hubiera visto. Nuestra situación en Venezuela, que nos encontramos en una hiperinflación, se presenta muy difícil el ahorro. Me gustaría tu opinión respecto a mi Post, agradecería tu comentario, gracias. Disculpe el abuso.
https://steemit.com/hive-122108/@oresteg/en-estos-momento-de-la-cuarentena-como-evitar-la-gastritis
Hu @oluwatobiloba
I think that a solid basis to get out of this crisis is planning, we must learn to manage our resources and make use of more rational than we have Obviously, discipline comes into play here, creating habits and being constant.As other colleagues mention in the comments, it is very difficult to save in countries with a complex social and economic crisis such as It is the case of Venezuela, the country where I live.In my case I strive to try to save $ 10 per month and it has become a titanic task to achieve, I do it this way: I invest $ 5 in cryptocurrencies and another $ 5 I try to save in currencies (dollars), in order to progressively have a basis for the future or for any unforeseen that may arise.If it can be achieved and I encourage everyone who reads this comment and this post,to save 10% of what you generate, either monthly or weekly, if you can, I know you can do it! Great post
You have a very good plan, saving in countries such as ours might be really difficult but we will keep striving until we achieve what we want. Stay positive and stay strong friend.