Showing posts with label wealth management. Show all posts
Showing posts with label wealth management. Show all posts

Wednesday, 1 January 2025

Things To Do In 2025 - Aminuwrites

 


I can guarantee you'll be a millionaire if you do this in the next 10 years...


--


1. Move out of your hometown


Leave the typical norm you grew up in and seek new challenge.


You're a product of;


• What you've experienced

• Who you hang out with

• What you've been taught


If you do this, you'll expand your imagination when you;


• Meet new people

• Seek new challenge

• Experience new realities.


Change your location and you'll boost your personal growth 10x faster.


--


2. Connect with high value people


Before you consider this, first priotitize your self-care;


• Dress clothes that fit

• Invest in your shoes

• Have a good hair cut

• Smell nice


Places to meet high value people:


• Attend conferences and seminars

• High edge bars

• At the gym

• Online


Where else?


--


3. Work out 5x a week


Get concerned about your health. 


If you can't work out 5x a week, how can you expect to even be rich?


Set aside 40 mins a day to do this;


• Hit 300 push ups (30×10)

• Do 200 squats (20×10)

• Perform planks (1min × 2)

• Hit mountain climbers


In 6 months, you'll have formed chest, strong arms and legs.


--


4. Learn a high income skill.


You don't have to complicate it, do this;


• Choose a skill

• Select 10-20 Youtube channel teaching the skill

• Binge watch it for 100 days

• Practice as you get better


I recommend these 5 skills.


Learn how to;


• Code

• Trade

• Copywriting

• Salesmanship 

• Grow a youtube channel


Fact: A skill is 10x more valuable than a degree


--





5. Learn how to invest


Start by investing in yourself, you're your own first priority.


Do this;


• Eat healthy

• Invest in your bedding 

• Take yourself on a solo date


Then, invest in;


• Courses

• Mentorship

• Appreciating assets

• Open 15+ businesses


© Aminuwrites Inc. 

Saturday, 3 September 2022

The Psychology of Money - AminuwritesTv



20 Wealth Lessons from “The Psychology of Money” by Morgan Housel 👇






1. No One’s Crazy


"Your personal experiences with money make up maybe 0.00000001% of what’s happened in the world, but maybe 80% of how you think the world works.” 


2. Luck & Risk

“Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort. They are so similar that you can’t believe in one without equally respecting the other. 

They both happen because the world is too complex to allow 100% of your actions to dictate 100% of your outcomes.” 


3. Never Enough


“Life isn’t any fun without a sense of enough. Happiness, as it’s said, is just results minus expectations.” 


4. Confounding Compounding


“If something compounds—if a little growth serves as the fuel for future growth—a small starting base can lead to results so extraordinary they seem to defy logic. 

It can be so logic-defying that you underestimate what’s possible, where growth comes from, and what it can lead to.” 


5. Getting Wealthy vs. Staying Wealthy


“There are a million ways to get wealthy … but there’s only one way to stay wealthy: some combination of frugality and paranoia.” 


6. Tails, You Win


“A lot of things in business and investing work this way. Long tails—the farthest ends of a distribution of outcomes—have tremendous influence in finance, where a small number of events can account for the majority of outcomes.” 


7. Freedom


“The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.” 

8. Man in the Car Paradox


“No one is impressed with your possessions as much as you are.” 


9. Wealth is What You Don’t See


“Spending money to show people how much money you have is the fastest way to have less money.” 


10. Save Money


“Building wealth has little to do with your income or investment returns, and lots to do with your savings rate.” 


11. Reasonable > Rational


“Do not aim to be coldly rational when making financial decisions. Aim to just be pretty reasonable. Reasonable is more realistic and you have a better chance of sticking with it for the long run, which is what matters most when managing money.” 


12. Surprise!


“The correct lesson to learn from surprises is that the world is surprising. Not that we should use past surprises as a guide to future boundaries; that we should use past surprises as an admission that we have no idea what might happen next.” 


13. Room for Error


“Margin of safety—you can also call it room for error or redundancy—is the only effective way to safely navigate a world that is governed by odds, not certainties. And almost everything related to money exists in that kind of world.” 


14. You’ll Change


“Long-term planning is harder than it seems because people’s goals and desires change over time.” 


15. Nothing’s Free


“Everything has a price, but not all prices appear on labels.” 


16. You & Me


“Beware taking financial cues from people playing a different game than you are.” 


17. The Seduction of Pessimism


“Optimism sounds like a sales pitch. Pessimism sounds like someone trying to help you.” 


18. When You’ll Believe Anything


“Stories are, by far, the most powerful force in the economy. They are the fuel that can let the tangible parts of the economy work or the brake that holds our capabilities back.”


19. The value of money 


“Money's greatest intrinsic value—and this can't be overstated—is its ability to give you control over your time. Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness." 


20. Watch your feelings


“Richard Feynman, the great physicist, once said, “Imagine how much harder physics would be if electrons had feelings.” Well, investors have feelings”

You may download the Full Book Here

Sunday, 29 March 2020

8 Simple Ways to Increase Your Wealth

8 Simple Ways to Increase Your Wealth

Your take home pay will never satisfy you. This is the basic principle in Economics and financial operations.No government on earth will just dashed out money to its workers without and rigid system to plough back the money. Every government wants to have a stable economy and hence does not want anything to increase inflation.
Have you observe how any time your salary increases, anything else including prices of goods and services increases. Don't be deceived that a government can change your financial circumstance. No government is a Father - Christmas. The purpose of governments is to create the enabling environment for you to succeed.
Below are seven proven and tested strategies which can double your wealth and make you financial independent.

1.  Spend less than you earn and Invest the Rest.
Start today by saving your money. Make it a habit to save some money from the little you earn. Save 1% of your salary every month for the next 5 - 10 years. Try increasing the percentage from time to time.Invest the saved amount in a profitable venture.

2.  Procrastinate when buying anything.
About 30% of the things we buy have little or no value in your life. Always procrastinate when buying things. It will reduce the rate at which you buy unnecessary things. This in return increase your wealth.

3.  Always prepare a budget and work within the budget. Individuals who prepare daily and monthly budget and stick to it will increase their wealth significantly. Buy things which are captured in your budget. ignore items not listed in your budget. Avoid unprepared purchase. Train your spouse and other dependent to stay within the budget.

4.   Reduce Bills
Most of the things we use in our homes consume energy. The mobile phones, laptops, Personal Computer, Television, etc. It is rather amazing and shocking to discover that some percentage of our salary goes into paying bills. Do a simple calculation of your bills and you will be shocked how your wealth has been used to pay bills.

5.   Buy your foodstuff in bulk
Buying foodstuff in bulk is cost effective. This can be done monthly at the market and on a market day where things are some how cheap. You can also buy more non perishable foodstuff.

6.   Have A Second Job
Relying on a single job in this day and age is very disastrous. Think about learning another skill or just get involved in sales. Contact friends, and loved ones and try to identify their needs and help them to satisfy them.

7.   Reduce the intake of Drinks and other Beverages
Drinks and other beverages have high demand on our salary. Make sure you are able to reduce your drinking habits by at least 5% a day.

8.   Reduce the rate of unnecessary Mobile Calls
Most of the calls we make are unnecessary and unproductive. I am not saying you shouldn't call friends and other family members but just reduce the calls. Screen your calls. Call only important persons in your life.  Adopt the best call strategy.






Mohammed A. M.
Personal Development Coach, 
Aminu Writes Inc.
email: aminuwrites@gmail.com
blog: aminuwrites.blogspot.com
call/whatsapp: +233344299706
facebook.com/aminuwritesaw

Tuesday, 25 February 2020

The person you are meeting for the first time is the customer you never met.
How do you approach your customers? Do you truly believe in customer satisfaction.
Then read the article below. This simple step by step guide to customer relation would help you relate well with your customers. Following through the step by step guide would boost your sales in no time.

The Art of Customer Relations.
Customer Relations is a very broad and diffult subject. Most business have had situations where they pray they never met a particular customer. Some business owners even concentrate on new customers instead of keeping the old ones.

1. WHEN THE CUSTOMER IS WRONG
As business owners, you must always prepare for situations where you genuinely believe the customer is wrong and yet he is insisting the fault is from you. Approach
such situation with tact and respect. Don't argue with the customer. humbly, show him why you think he is wrong.
Accept responsibility of not showing him the correct way of using the product or service. Replace the product or service where necessary. Apologize to the customer and assure him of your unflinching support. Thank him for using your product or service.

2. KEEP DATA ON CUSTOMERS
Do you have records of your customers? Do you know where they live? The work they do? Their hobbies? Their fears and worries? Their families? If you think they are not necessary, then you should know that your competitors have kept these records.They have them and work with these records.Knowing your customers help in decision making. Assist your customers solve problems even if you don't have the expertise. Contact others who can solve problems you can't solve to keep your customers happy.

3. APPRECIATE YOUR CUSTOMERS
Appreciate your customers by giving them gifts or commissions. Give free gifts to your customers. Give them gifts either quarterly or yearly. Give them free reports on the products or services rendered, include in such reports testimonials of people who have used your products and services.

4. LISTEN TO THE CUSTOMER
Anytime you come closer to the customer, Listen to him / her attentively. As much as possible, ask him / her open ended questions. During such conversations, encourage the customer to talk. Listen to the customer carefully. Give the customer undivided attention. Appoint highly effective people to receive the customer.

5. TURN THE CUSTOMER'S WAITING PERIOD INTO LEARNING EXPERIENCE
Turn the customer waiting period into learning experienc. Give the customer a brochure, reports or testimonials about the products or service. You can show him a documentaryon your products or services rendered. You can also create caller ring tones explaining the benefits of your products or services to the customer when he / she calls the office line. Have dedicated and well - trained telephone handlers who will receive all calls. You can also educate customers on the use of your products or services.

6. TEACH YOUR CUSTOMERS 
 Teach your customers about your products and service. Find time to educate your customers on the usage of the products or service. Teach them the benefits they might gain from the product or service. One thing in the mind of the customer is What is in For me (WIFM). Don't waste time explaining the product or service. The customer is not interested. Tell the customer how the product or service might help him /her.

7. EDUCATE YOUR CUSTOMERS ON ANY ISSUE
Take time to educate the customer on any issue that may help him / her. You can organise workshop or seminar for your customers on how to minimize errors in business, how to sell, investment techniques, HIV/AIDs, etc. Invite experts on these topics if you don't have the expertise. You can educate your customers on individual basis. Establish a well resourced office in your company that may provide such auxiliary services to your clients or customers.

8. CREATE A 24HOUR SUPPORT CENTRE
The support centre should receive calls from prospective clients and customers. Have a dedicated team to man this support centre. Customers and prospective clients should be well educated on the products or services. Create several avenues where customers or prospective clients can contact the support Centre 24/7.

9. TAKE SNAPSHOT AND VIDEOS OF YOUR CUSTOMERS
Take pictures and videos of your customers using your products or service. Create a photo album of your customers. Seek permission from customers to put their photos on the company's media platforms. Encourage the customer to take his / her picture or video using the products or service.

10. RECEIVE YOUR CUSTOMERS CHEERFULLY
Always receive your customers cheerfully. The person you are meeting for the first time is a potential
lifetime customer. Anytime you meet your customers receive them with a smile. Train all your workers to learn to speak politely to customers and potential clients.

Mohammed A. M.
Personal Development Coach,
Aminu Writes Unlimited Inc.
email: aminuwrites@gmail.com
Instagram: aminuwrites
blog: aminuwrites.blogspot.com
call/whatsapp: +233244299706
facebook.com/aminuwritesaw

Monday, 24 February 2020

How your phone is draining your pockets?

According to all the telehost more than 10 million Ghanaians own mobile handset. One cannot finish enumerating the enormous roles of the mobile handset in our lives. But as the saying goes someones meat is another's poison. The wise are using the mobile handset to increase and make money.
About 80% of mobile handset users are only draining their pockets and ruining their future. You can make money with your handset. This piece is not to condemn the use of mobile handset. this is only to show you how the telehost are draining your pockets.

#free calls
Free Calls though good, causes great health hazards on the user. This Free Calls policy make callers speak on the phone over a long time. This causes ear problem in both the immediate and the near future.
Free Calls is one of the greatest time wasters. The time spent can be used judiciously to create wealth. Have you ever quantify the amount of time you spend in making free calls. Can't you use the same time in a viable venture?

#Free After One
Almost all the telecom companies are adopting this strategy. This policy allows the caller pay ¢0.20p for the first minute per call. One thing about this policy, is that, unknowingly, to the caller, it encourages the caller to make more calls.
Let us assume Mr. X is a subscriber to this policy and on average he makes five calls a day. This simply means Mr. X will have to purchase ¢30.00 worth of credits a month. This means he will be spending ¢360.00 annually for making calls. If Mr. X continues this way for the next five years it means he would have to pay ¢1,800.00 just on making calls. Can you imagine what this same amount could do if he had been invested in a profitable venture? You can clearly see that you are the
architect of your poverty. Reduce your calls today and increase your wealth in future. Before you make any call, weigh its importance or relevance. Group your calls into asset and liability. Use your calls to create wealth. Your debt stock can reduce drastically if you reduce your calls by just 1%. Practice reducing your calls and check your asset portfolio.

#Data bundle
Data bundle is the easiest way to give away money freely.
Your aim of bundling your data is to save cost, at least thats what the telehost advises. The truth of the matter is that when you bundle, it doesn't give you the license to use your data any how. A bundled data could finish before the due date.
Bundled Data is money. Anytime you switch on your data, remember you have open the flood gate increase your misery in future. Purchase data only when you want to develop yourself or increase your wealth. If you disagree with me, then let us do the following calculations. Mr. X bought ¢5.00 data which was used up just for a week. He used the data on social media, downloading music files, video files and other images which has nothing to do with his career or personal
developments. If he continues this practice in the next five years it means, he would have spent ¢1,200. (Breaking it down: ¢5.00 * 4 = ¢20.00 - Per month. ¢20.00 * 12 = ¢240.00 - Per Year. For the next five years - ¢240.00 * 5 = ¢1,200.00)

#Borrowed Airtime
There are situations where one is allowed to credit airtime and pay later.
The problem with this strategy is that you pay with interest wherever you want to pay for your debt. Remember this: you cannot cheat the telecom companies. Purchase the airtime instead. This will save you money.

#Caller Ring Tone
All the telecom companies have activated this option for interested subscribers. Though a very good avenue for advertisement, most of us, use it for entertainment.
Some of the telecom companies will charge even if the phone had been off for a month. On average ¢0.50 is charged on subscribers. This will amount to ¢0.50 * 12 = ¢6.00 per year. If the subscriber continues this for the next five years it will amount to ¢30.00.


Mohammed A. M.
Personal Development Coach,
Aminu Writes Unlimited Inc.
email: aminuwrites@gmail.com
blog: aminuwrites.blogspot.com
call/whatsapp: +233244299706
facebook.com/aminuwritesaw

Sunday, 4 March 2018

How Mobile Phones Are Draining Our Pockets?

According to all the telecom companies over 15 million Ghanaians own mobile handset. One cannot finish enumerating the enormous roles of the mobile handset in our lives. But as the saying goes someone's meat is another poison. The wise are using the mobile handset to increase and make money.


About 80% of mobile handset users are only draining their pockets and ruining their future. You can make money with your handset. This piece is not to condemn
the use of mobile handset. This is only to show you how the telecom companies are draining your pockets.

Free calls
Free Calls though good, causes great health hazards on the user. This Free Calls policy make callers speak on the phone over a long time. This causes ear problem in both the immediate and the near future.
Free Calls is one of the greatest time wasters. The time spent can be used judiciously to create wealth. Have you ever quantify the amount of time you spend in making free calls. Can't you use the same time in a viable venture?

Free After One
Almost all the telecom companies are adopting this strategy. This policy allows the caller pay ¢0.20p for the first minute per call. One thing about this policy, is that, unknowingly, to the caller, it encourages the caller to make more calls.
Let us assume Mr. X is a subscriber to this policy and on average he makes five calls a day. This simply means Mr. X will have to purchase ¢30.00 worth of credits a month. This means he will be spending ¢360.00 annually for making calls. If Mr. X continues this way for the next five years it means he would have to pay ¢1,800.00 just on making calls. Can you imagine what this same amount could do if he had been invested in a profitable venture? You can clearly see that you are the
architect of your poverty. Reduce your calls today and increase your wealth in future. Before you make any call, weigh its importance or relevance. Group your calls into asset and liability. Use your calls to create wealth. Your debt stock can reduce drastically if you reduce your calls by just 1%. Practice reducing your calls and check your asset portfolio.

Data bundle
Data bundle is the easiest way to give away money freely.
Your aim of bundling your data is to save cost, at least thats what the telehost advises. The truth of the matter is that when you bundle, it doesn't give you the license to use your data any how. A bundled data could finish before the due date.
Bundled Data is money. Anytime you switch on your data, remember you have open the flood gate increase your misery in future. Purchase data only when you want to develop yourself or increase your wealth. If you disagree with me, then let us do the following calculations. Mr. X bought ¢5.00 data which was used up just for a week. He used the data on social media, downloading music files, video files and other images which has nothing to do with his career or personal
developments. If he continues this practice in the next five years it means, he would have spent ¢1,200. (Breaking it down: ¢5.00 * 4 = ¢20.00 - Per month. ¢20.00 * 12 = ¢240.00 - Per Year. For the next five years - ¢240.00 * 5 = ¢1,200.00)

Borrowed Airtime
There are situations where one is allowed to credit airtime and pay later.
The problem with this strategy is that you pay with interest wherever you want to pay for your debt. Remember this: you cannot cheat the telecom companies. Purchase the airtime instead. This will save you money.

Caller Ring Tone
All the telecom companies have activated this option for interested subscribers. Though a very good avenue for advertisement, most of us, use it for entertainment.
Some of the telecom companies will charge even if the phone had been off for a month. On average ¢0.50 is charged on subscribers. This will amount to ¢0.50 * 12 = ¢6.00 per year.
If the subscriber continues this for the next five years it will amount to ¢30.00.



Mohammed A. M.
Personal Development Coach,
Aminu Writes Inc.
email: aminuwrites@gmail.com
blog: aminuwrites.blogspot.com
call/whatsapp: +233344299706
facebook.com/aminuwrites

ges promotions examinations practice questions 2

GHANA EDUCATION SERVICE  2025 PROMOTIONS EXAMINATION ONLINE QUESTIONS  Exercise 02 1. The Salamanca Declaration was adopted in which year? a...