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Every body desires to be rich, no one enjoys being poor, being able to afford what you want at any time is very satisfying, do you know that most percentage of people especially those living in Africa lack peace of mind due to poverty, not being able to afford even a square meal causes worries in a lot of family today, in a bid to become wealthy, a lot of us has fall into the scam of get rich quick or too good yo be true tactics.

Legit money doesn't happen that way, for you to become wealthy, some certain principles has to be followed, also it requires time and effort. Wealth gathered through this means tends to last longer, even up to the next generation. No wonder you see some people trying to protect their family generational business that has stand the test of time.

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Without further ado, let's get to know the principles needed to build wealth.

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1 Having a source of income

The first and basic step into creating wealth for yourself is by earning money, you can't sit at home and expect money to fall from the sky, you need to earn it, by working, rendering services, or selling goods, generally solving a particular problem brings in more money. Its left for you to think of what you can do, what you enjoy doing, and how much you can earn from what you do.

2 Have a goal

Don't just earn a living blindly, you should have your set down goals, having goals helps you determine how to strategize well into achieving the wealth you desire, in terms of steps yo take, expectation fir a duration, it requires having short and long term goals, all aimed at improving yourself to stay on the lane of creating that wealth.

3 Savings

What's the essence of working and spending as it comes in, if you live that kind of life, it is going to be very difficult to attain wealth, Take your savings serious, they come handy in when opportunity to invest arises, also when you need to pay for a big project.

4 Investment

Have you heard of the term, Passive income this is the earning you don't stress yourself for, all you have to do is invest in an asset or business that works for you without you stressing yourself, you can also invest in things that has the prospect of going higher in prize in the nearest future. Don't forget to always invest wisely.

5 stay away from debts

Choose the plan you can easily pay back, don't go overboard, as your income/business grow, there might be need to get a loan to purchase things that might help in elevating the business, always make sure you have a plan on how to pay back and be disciplined too.

6 Take insurance serious

As you grow gradually, insure your assets, as life is unpredictable, nobody wishes to go through tough times caused by hazards or damages to ones gathered wealth, stay protected so as not to start from square zero.

CONCLUSION

Building wealth requires patience, discipline and always being goal driven. Even when challenges co😃🐱mes, don't give up.

Thank you for reading❤❤

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