From Mallam Bahaushe
1. Money is not real, it’s an illusion that relies on trust, the wealthy understand and know how to manipulate it to their advantage. They buy and sell houses at a profit without ever exchanging actual money, they know the importance of investing in assets that earn money while they sleep, unlike liabilities, which cost money and provide little or no return.
2. The poor and the middle class work for money, the rich have money work for them.
3. Learning how to have money work for you is a lifetime study, most people never study their finance, they go to work, get a paycheck, balance their check-books, and that’s it, on top of that they wonder why they have many problems, then they think that more money will solve the problem, few realize that it’s their lack of financial education that’s the problem.
4. Once you grasp the basics, financial success comes down to hard work, spotting opportunities, and dedicating yourself to becoming as wealthy as you legally can. It’s time to break free from the old school mentality and take control of your finances to build a better future for yourself.
5. Opportunities come and go, being able to know when to make quick decisions is an important skill.
6. Our financial behavior is deeply ingrained, influenced by the advice of our parents and the norms of the society, however, we can chose to break free from our ancestral instincts and decide for ourselves.
7. We tend to believe that we have to work for someone else and pay taxes, but this belief limits us, A job is only a short-term solution to a long-term problem.
8. The main cause of poverty or financial struggle is fear and ignorance, not the economy or the government or the rich.
9. Our school system is outdated, designed for a time when farming was the norm and financial education was not a priority. To be financially successful in today’s world, it’s essential to have a solid understanding of how money and assets work.
10. The world has changed, but education has not changed with it, children spend years in an antiquated educational system, studying subjects they’ll never use, preparing for a world that no longer exists, today the most dangerous advice you can give a child is ‘go to school, get good grades and look for a safe secure job.’
11. One of the most crucial things that we’re not taught in school is the difference between an asset and a liability.
12. Another critical piece of knowledge missing from our education system the usefulness of corporations. The wealthy take advantage of corporations to minimize taxes and limit their exposure to risk.
13. Financial independence requires us to step outside of our comfort zone and take risks, we can’t just keep running in the rat race and accumulating more liabilities
14. Most people have a price, and they have price because of human emotions named fear and greed. First, the fear of being without money motivates us to work hard, and then once we get paid, greed or desire motivates us about all the wonderful things money can buy, hence, the cycle of the rat race us set: get up, go to work, get paid, pay the bills, get more money, increase spending.
15. When it comes to money, most people want to play it safe and feel secure, so passion does not direct them, fear does. Successful people take risks and work on controlling their thoughts and emotions
16. People also work for money because of desire, they desire money for the joy they think it can buy, but the joy that money brings is often shirt lived, and they soon need more money for more joy, more pleasure, more comfort, more security, so they keep working, thinking money will soothe their souls that are troubled by fear and desire. But money cannot do that.
17. The desire for wealth can be outweighed by the fear of losing the illusion of financial security, resulting in a conflict between greed and fear.
18. Life is the best teacher of all. Most of the time, life does not talk to us, it just sort of pushes us around, each push is saying, ‘wake up, there’s something I want you to learn.’, upon all the pushes some give up. Others fight. Afew learn the lesson and move on, they welcome life pushing them around, to those few people, it means they need and want to learn something. They learn and move on.
19. Human life is a struggle between ignorance and illumination, once a person stops searching for information and knowledge of one’s self, ignorance sets in.
20. The fear of rejection van be paralysing, but we need to master it to achieve success.
21. Investing a small portion of your salary each month can be a smart move towards securing your financial future.
21. By taking a long time view and writing down our financial fears, we can begin to overcome them and move forwards towards financial independence.
22. Proper physical exercise increases your chance of health, proper mental exercise increases your chance of wealth. Laziness decreases both health and wealth.
23. Learn to use your emotion to think, not think with your emotions.
24. The avoidance of money is just as psychotic as being attached to Money.
25. Learn to use your emotion to think, not think with your emotions.
26. Don’t let money ruin your life.
20/07/2024
Nice one
Thank you.