Tuesday, February 2, 2021
Essential Wealth Creation Principles
There are many strategies, philosophies and ideas on investing. These are the essential fundamental principles of wealth creation. Every investment strategy has a unique hook which appeals to the investor. Some strategies have more merit than others. Then there are the ones that are unrealistic for the average investor.
Anyway, enough of that, we’re not here do an assassination job on get rich quick schemes, that’s fuel for another post. What we do want to do is to look at fundamental principles for creating wealth.
So, let’s start to look at the 10 essential wealth creation principles for everyone:
Dump The Debt!
Though at this point we need to say that not all debt is equal. It would be crazy to say to someone that they shouldn’t be investing because they have a mortgage.
Put Something Away
So, here is the first of our investment wealth creation principles. This may sound obvious, you need to put money away. You need to invest on a regular basis, in a way that suites you best and keep doing it.
You need to spend less than you make, as we said you can’t build wealth if you are servicing debt. Some people will disagree with this especially when it comes to property. We want to say let’s see how much wealth you’re creating when you’re stuck with negative equity.
You Start The Better
The general reaction is panic and they end up doing nothing. It’s called the ostrich approach to financial planning. The outcome is that they own a house (which they’ll have to sell) and have no money to live on.
Doing nothing makes it worse. Instead of ignoring the situation address it and make changes. For example revise your income goals and delay your retirement age. Both options would improve the situation better.
The sooner you start to save the more wealth you will accumulate. Time can be your friend or it can be a cruel enemy when it comes to wealth creation. As you can see above starting earlier makes a big difference and has less of an impact on your lifestyle.
Invest According To Your Time Frame
Accept The Market For What It Is
If you accept that markets go up and down, don’t panic and stick to your strategy. You’ll be fine.
A Word On
So if you accept that markets move in both directions and you have the time to ride out the falls you’ll do well. Panic when the market is going against you and start selling down your portfolio you’ll lose money. That is something that we can guarantee. Remember growth isn’t uniform, usually it comes in chunks.
Invest Regularly Or When You Don't Want To
Our natural instinct is to invest when things are going well and to avoid markets when they’re not. What this means is we are self-saboteurs, a modus operandi of buy high and sell low.
By the way whatever your reason for not making regular investments, it’s not a good one. Get over yourself and start making them you won’t regret it.
What is rebalancing and why is it so important?
This will mean that the portfolio doesn’t conform to the asset allocation model. It also means that the risk profile of the portfolio has changed making it muck more or less riskier than you want.
When we rebalance, we bring the portfolio and the risk profile back in line with the original model. We do this by selling assets that had strong performance and buying those that have lost money
Most people aren’t which good with that though. This means they need to have some diversity in their portfolios. Different asset classes doing different things. This helps to reduce the
Rebalancing helps us lock in the gains from those winners and make sure that we buy the losers at a reduced price. This also means that the losers don’t have to recover completely before we make money and if they do we make more money. t
Have Multidimensional Investments
It’s OK to have some commodities or other similar assets (never empty property). It will diversify your portfolio and in turn make the portfolio more resilient. This is because you have more unrelated assets doing different things. Too much though isn’t good as you start to forego that lovely income.
Minimise Investment Costs The Best You Can
Expats Be Warned
Become A Gardener Or Hire One You Like
Once you’ve got your plan together then you need to start planting. It may not look great at first because things need time to settle, bed in before they start to grow. This point you need to be patient, leave things alone and give them the time they need. Keep digging things up because they’re not growing fast enough and they never will.
Gardening may not be your thing and yet you’ve got a garden. You may or may not know what you want from it. If you don’t want to do all this yourself then find someone to do it for you and pay them. Make sure that you can work with them and get going.
Apply these wealth creation principles to your investment strategy and you’ll do well. Financial freedom will be close at hand.
For Enquiries and inspection of Properties
- Divine Access Homes
- +2347011406853 or 08135588667
Friday, October 2, 2020
The Lagos State Government is proposing the sum of $2.2 billion for the construction of the 37.4 kilometres 4th Mainland Bridge.
Upon completion, the bridge would have 2 x 4 lane carriageway cross-sectional road with allowance for BRT Lane and future road expansion.
It would also become the longest Bridge in Africa second only to the 6th October Bridge in Cairo, Egypt, featuring three toll plazas, nine interchanges, 4.5Km Lagoon Bridge, Rest and Service Areas and an eco- friendly environment amongst other added features.
800 houses are also expected to go when construction begins against the 4,000 houses earlier marked for demolition in the previous design before it was realigned.
Governor Babajide Olusola Sanwo-Olu disclosed this Tuesday at the first stakeholders meeting on Environmental and Social Impact Assessment (ESIA) for the bridge held at Adeyemi Bero Hall, Ikeja .
The freeway bridge is subdivided into three sections namely Island Section, Lagoon Section and Mainland Section.
It starts at the Abraham Adesanya Roundabout in Lekki where a “free flow” interchange will be constructed as well as some traffic flow alterations to the existing Lekki – Epe Expressway so as to maintain traffic movements during construction.
If you are interest in Buying land, a house at Lake View Park 1, Royal Gardens Estate, Melrose Park Estate or you want to buy from any PWAN Estate in Lekki Phase 2 or in Ibeju lekki, please contact
Divine Access Homes
+2347011406853 or 09090847111
Thursday, July 9, 2020
To Let - N3M/Annum/nett
4. BY THE PRODUCTION OF THE DOCUMENTS OF TITLE WHICH MUST BE AUTHENTICATED:
For Further enquiries, site inspection and presentation, call:
T: +234 7011406853 OR 08110227156
The Eleko Beach Road and Lekki Coastal Road is fast emerging and becoming the most Commercial Wing of Ibeju Lekki. Only Individual and Corporate Investors with Foresights recognize this. Little wonder why the Shoprite, Kellogs, Tantalizers, Dangote Refinery and petrochemical Company, and a host of others are have already positioned themselves here.
HOSANNA GARDENS provides Individual and Corporates the opportunity to have a bite of the berry (and for those who already bought a Landed Property here, it provides another/second bite of the berry) to Invest (buy) in well positioned Parcel of Land around Eleko Beach Road, Ibeju Lekki, Lagos.
Hosanna Gardens is located off Eleko Beach Road, off Lekki Epe Expressway, Ibeju Lekki, Lagos. It is close to the popular AMEN ESTATE, and the proposed site for Ibeju Shoprite.
ELECTRICITY ALREADY INSTALLED
TITLE: Government Excision (C of O in View)
For more enquiries, Site Inspection Booking, Presentations, etc please contact us:
Friday, April 3, 2020