What the average person doesn't know about wealth

A question i received last night from one of my readers inspired me to write this post. The young man asked me how to make wealth and said he receives very low income and he thinks that if he saves from today till the end of his life time, he will still be poor and he just wanted to know if there were other ways to make wealth.

Yes there are other ways to make wealth besides saving, although saving is a very important skill. The problem with this gentleman's situation is his income. He makes very little so he can't really save much or better put, his savings may not really make him wealth.

My first advice would be to increase your income and the easiest way to do that is to increase your skillset. The more skills you have, the more money you can make. Make sure the skills are relevant to todays world.

More importantly, what we must all understand is that wealth is usually disguised as a problem. Most of the guys who are wealthy are the ones who saw the prosperity behind the problem and made an effort.

You must understand that behind every problem is prosperity. Look for problems around you and pick the one you are most competent to solve. The better you are able to solve a particular problem, the more successful you would become.

There are problems everywhere, you just have to find the one that speaks to you.

Wealth is the reward you get in exchange for solving a problem.  it does not matter your location, problems exist everywhere.

Take your time and do your research after you figure out what problem you want to solve.

Lastly go for it. You must have the courage to move your idea from the planning stage to the execution stage. That is when the money is.

You will make mistakes but those mistakes will make you better at solving that particular problem.

I wish you all the best my friend as you pursue wealth.

Happy Friday

From the desk of Adey

Do you know you are wealthy?

What is Wealth?

Wealth is an abundance of valuable possessions.

While Wealth has always been mainly attributed to money and material possession, most of us are wealthy in one way or the other. You just have to figure out what valuable possession you have and how you can translate that to money.

For a lot of people that do not have a lot of money or material possession, Time is something they have. The problem with these group of people is what they do with it.  I am sure you have often heard that time is money, a much valuable possession that you can never get back when lost.

If you fall into this category, all you have to do is go look for someone with too many things to do but have no time and trade some of yours in exchange for money.  In simpler terms, go find work. Find a job that will pay you for your time.

In Texas for example,  the minimum wage a worker gets is $7.25 an hour.  so all a worker has to do is figure out how many hours he/she wants to work a day or a week and that translates to how much can be made within that time frame. If you decide to earn higher than minimum wage, then you have to get certain skills and look for people willing to pay you a certain amount for the skillset. For example, the average pay an IT consultant gets in Texas is $50 an hour, some get more. So if you want to earn higher, all you have to do is get skills in certain fields that have opportunities to earn higher.

Also, you could start a business if you have time on your hands. But before you do, get the necessary skills needed for the business and start small.  Search within you for the skillset that can be translated to money and horn those skills.

Search your day to day activities and find those things you do that waste your time. Delete or replace them with activities that can bring you more wealth.

Remember that for every hour wasted is a minimum of $7.25 gone.

You are already wealthy. You just need to figure it out.

Hope this post gets you to start thinking and viewing your time as money because that is basically what is is.

Everyone has the same 24hours in the day so you have the same chances as everyone else to make the best use of it.

Happy Thursday

Lots of love

From the table of Ask Adey

what type of person are you?

Have you ever had a business plan that never moved from the idea stage to the execution stage? A Plan that the only thing that stopped you from moving further was your fear of the unknown and procrastination?

Have you ever desired to get something but only made it far to wish land and never made out a plan on how to achieve it?

Have you ever thought of a business idea for so long that when you were just about to start, you saw someone else executing that same business plan? You could have sworn they store your idea but the sad part is you guys don't even know each other. Still you gave up.

Have you ever desired a better life but made no effort in doing the work required and later wondered how your peers are making it?

Have you ever had a friend or two whom you all grew up together and suddenly they are very successful due to their hard work and dedication yet you remained on the same spot and position?

Have you ever desired something so bad, that you did everything you could legally and ethically and today you are proud of yourself for a job well done?

Have you spent the most of your life wondering how people are achieving their dreams and goals and you took no step to work on yours?

Have you spent all your time watching and criticizing those making an effort to be a better version of themselves while you remained the worse version of yourself?

Are you among the few making good things happen for themselves and their community?

There are mainly 3 types of people in life.

Those who wonder what happened.

Those who watch things happen.

and Those who make things happen.

we all have a choice and you can decide what type of person you want to be.

If you fall under the category of the ones who wonder. Its about time you stop wondering and start doing.

The world is big enough enough for everyone of us to be successful in our various fields. Don't wonder how your childhood friend made it. Be that childhood individual who made it.

Don't watch good things happen to everyone around you. Make good things happen for you while celebrating those with good news.

Be that type of person who always made things happen with even the little that you have.

Everything you need to be great is inside of you.

There is always provision for the man with a vision.

All it takes is for you to have an idea and work that good idea into action.

Be that type of person that people can look up to and want to be like.

Be that role model, that example for the generation after you.

Be that type of person that you want your children to become.

Be you because greatness is inside of you.

Happy Mid Week

Regards

Adey

What type of brand are you?

Have you ever heard of Coca-Cola, Sprite, Facebook, Pepsi, Samsung, Apple, Google, Amazon, Instagram, Microsoft, Lexus, Mercedes Benz or Toyota? I bet you have and even if you haven't heard all those names, you must have heard a few of those names.

These names are not just names anymore, they have become household brands known worldwide by millions of people. These brands cut across national boundaries, cultures and barriers.

These names didn't just wake up one day and become popular. They worked their way up that ladder. There was a time these names never existed and there was also a time  no one knew what or who they were but now almost everyone in the world must have heard of these names one way or the other.

I know the names i listed are corporate brands but people are behind those brands and people made those brands what they are today and you too can leverage the power of branding, harness your potential and take charge of your life and business.

You don't have to be the richest man in the world or an artist or public speaker to have a personal brand. As long as you are human, you have an identity, you act in a certain way, you portray a certain image to the people around you and that my friend is a brand.

A brand is your identity. So do you have a name? Yes i think so then you must understand that you are a brand. The question is what type of brand are you?

You are not technically a product or a service but you are perceived in a similar way by people who come in contact with you. Hence the reason for personal branding.

When people meet you, what do they see or perceive?

What or who are you identified as?

Right now if people were to give you a feedback on your attitude and personality, What do you think their responses would be?

If at this point, you are not happy with who you have portrayed yourself to be, Stop everything you are doing and take a sheet of paper and list all the things you would like to start doing.

After that, paste it on the wall of your home, somewhere very visible to remind you of who you have decided to become and begin working towards everything on that list.

Have a clear vision and mission for your life and things you want to accomplish.

Set timelines that are reasonable and realistic

Understand that your brand cuts across your appearance, your behavior, your words, your actions, your associations and affiliations.

Your brand is a summary of you put together.

It doesn't matter if you were once perceived as a negative person, You can decide how you want to be perceived from today.

Remember that Today was the future sometime ago. You can start NOW. It is never too late to become a better you.

Lastly and very important in your personal branding goals, Learn to be loyal and kind to everyone around you. This will make you earn a good reputation and find favor.

Happy Monday People.

Lots of love

Adey