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You can read more from the author, Kenneth Doghudje, at https://moneytalkng.com
Wealth, riches and financial success is the result of
teamwork. It is usually the product of several parties coming together with a
common objective, and working systematically towards its attainment. In other
words becoming wealthy is the culmination of various contributions from a
number of people.
It is a misnomer to use the term “self-made” to describe any
of the nearly two thousand billionaires (in dollars) on the planet today. No one is
self-made; we are all products of influences. Billionaires didn’t just fall
into wealth, they were trained, mentored, assisted, empowered, encouraged and
motivated to attain financial heights. They were given a helping hand at some
point or the other as they climbed up the financial ladder.
Just as the old saying goes, “behind every successful man
there is a woman” I boldly declare to you today that, “behind every rich man
there is a team.” I call it, “the money team,” a term borrowed from Floyd
Mayweather Jnr., the highest paid athlete in the world of professional sport.
In order to build wealth you will need to cultivate your own money team,
comprising individuals with the required skill sets to build wealth.
So who are
those characters that make up a successful money team?
The first player on your money team is a lawyer who is well
versed in business matters. Controlling great wealth and fortune always
involves contracts and agreements because these documents are the vehicles used
in closing big deals. They contain terms
and conditions which must be thoroughly vetted by an adviser who has your
interests at heart before you sign them. No one is going to do big business
without a signed agreement so your lawyer is there to advise you so that you
don’t lose money or embark on unprofitable ventures. Make sure your lawyer
thoroughly vets any documents before you sign them. You would be wise to listen
to their advice before deciding to act.
No money team can be complete and fully empowered to create
wealth without a banker. You will need other people’s money at some stage in
your financial life if you want to attain major financial success. It is
unlikely that you will have all the capital needed to finance large business
opportunities so having a banker on the team comes handy to get loans at the
best rates. Many times the bankers push to get loan facilities for their
clients because they believe in what they are doing. You can’t afford to
distrust bankers if you are serious about building wealth. Embrace them
instead.
You need to engage the services of an accountant as part of
your money team. The accountant will take care of the books, thereby giving
your business a semblance of order and professionalism which will resonate with
anyone that wants to give you big deals or help you access substantial business
opportunities. Such big players always ask for financial statements of
performance and compliance with regulatory requirements such as tax matters
etc. An accountant is a must have.
Fourth no money team is complete without a cheerleader. When
the challenges and storms associated with building wealth knock on your door
there had better be someone around to cheer you up. Your cheerleader could be
your spouse, family member or anyone who believes in you. There will be times
you want to give up, this person is there to keep urging you on to achieve your
goals. You need a cheerleader in your corner to keep you motivated.
Building wealth is not rocket science, it is actually the
product of applying laws. It is imperative you work with someone who can coach
or mentor you towards its acquisition. Your money team must include a teacher
or mentor. Now this is equally important as he or she has succeeded in doing
what you are trying to do. Your mentor has the requisite knowledge, experience
and expertise to aid you on the path to your success. A mentor will shorten the
time it takes to achieve success as you will receive advice that will help you
avoid unnecessary delays or pitfalls. Your mentor may not be readily accessible
but you can gain from the wealth of knowledge by reading books and studying
other materials they have written.
Sixth, you need spiritual advice to keep you grounded as
there is a tendency to go overboard when trying to build a fortune. Many people
on this quest have ended up destroying themselves. A spiritual adviser is there
to help you keep everything in proper perspective. Money is important, but it
is not everything there is to life.
There is also the need to effectively make use of the gains
and incomes earned so the services of an investment adviser is required as part
of your money team. Now there are several investment vehicles to choose from
when you want to invest your resources, your investment adviser comes in handy
to assist you in drawing up an investment plan and sticking to it.
Finally your money team would be incomplete without an
assistant, a support staff whose role is to assist in the execution of plans
and strategies. Building great wealth requires a lot of activities being
undertaken, all at the same time that it might be too much for only you to
handle. This is where another person can help so that more things can get done
much faster.
Building wealth requires great effort and knowledge which is
impossible to be undertaken by one individual. In most cases he or she will
need the help of others. In my study of the lives of several billionaires I
discovered they all have a team of people working behind the scenes, and
assisting them to amass wealth, and in the process becoming wealthy themselves.
Serious wealth cannot be built by one person alone. So start now to put
together your money team. You will be utilizing one of the strategies of the
financially successful when you do so.
Author's Profile:
Kenneth Doghudje is intensely committed to seeing people
achieve their financial goals and aspirations in Africa. A CEO by day and a blogger by night, he believes that the secret to anyone succeeding financially
is to mix workable insights with action which translates to wealth and riches.
Please endeavor to visit www.moneytalkNG.com
for more articles on money and personal finance. You can also follow Kenneth on
social media: @moneytalkNG on twitter, moneytalkNG on Facebook & Instagram
You missed having a medical personnel to ensure you are alive and in good health to enjoy the fruits of thine labor
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