Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Monday, 7 December 2020

Wealth is actualised with this great methods

 


There is a ″Wealth Pyramid″ in every society and in almost every country that distributes wealth using the metric: 1%, 4%, 15%, 60%, 20%.

For many decades, this wealth pyramid has refused to change. It has remained the same despite the numerous New Year resolutions, wealth empowerment programs, technological advancements, and all the governmental wealth redistribution programs.

 

Today, 60% of any given population barely gets by. They have a myriad of financial problems. 20% are broke, and find it hard to meet basic needs. 15% have their personal and family needs covered and can afford to save and invest. 4% are prosperous and can afford to live in luxury, while the last 1% are super-wealthy and can afford anything money can buy.

So why are there only a few people at the top of the wealth pyramid?

The answer is simple and there are two reasons for this.

The first reason is that people are trying to climb the wealth pyramid all by themselves. Doing it alone is the longest, most painful, and laborious way to climb.

The second reason is that people are becoming rich and becoming poor almost at the same time. Long-lasting wealth is now a thing of the past. While wealth has increased over the past decade, a lot of it has been lost due to the lack of discipline, skills, and character to preserve wealth.

To climb the wealth pyramid and join the top 20% there are thus three things you must do.

The first thing you must do is understand that the odds are against you. The second thing you must do is have a plan to improve the odds. And third, you must do is create a system that channels some of the wealth to you. Below I explain these three points in detail.

 

1. The Odds are against You

If you are a working-class professional and among the bottom 80%, the odds are stacked up against you. This is because you gain your wealth from a system. That places a limit on your income. The No 1 rule for climbing to the top of the pyramid is to never have a limit on your income. When you depend on one source of income that is limited. You limit your chances of ascending to the top. You also put yourself in one of the worst categories of people in the world.

There are three categories of people in the world. The first category is those with the least likelihood of success. The second category is those most likely to succeed. And the third category is those most likely to gain Power.

  • Those with the Least Likelihood of Success

The majority of employees fall under this category and employees are those with the least likelihood for success. According to research, over 95% of them will end up in retirement a burden to their loved ones. And there are only a few wealthy employees in the world. This is because employees fetch from a wealth system that trade-off maximum income for a secure monthly stipend. There are like the proverbial man who goes to the ocean with a teaspoon. Although there is an enormous amount of wealth that can be earned from their employers. They are limited by the security option they choose. Climbing to the top on the back of a limited income is almost impossible.

  • Those Most Likely To Succeed

Employers and Business owners fall under this category. They are the ones most likely to succeed. Business Owners are the wealthiest people in the world and they are the ones with the capacity to climb to the top. Yet not all businesses are created the same. Certain businesses have a higher likelihood of success than others. There are two categories of businesses. The First category is wealthy businesses. Those with huge assets, employees, and cash reserves. The second category is struggling businesses. Those with irregular and sporadic income. These are called SMEs. Successful businesses have a higher chance of success than SMEs. According to Research over 75% of SMEs fail after the first 10 years. They fail because, small business owners enter the business world without the right skills, knowledge, and mentorship. They try to climb the wealth pyramid on their own and destroy their limited resources in the process. No one ever climbs the wealth pyramid all by themselves. Everyone was helped to get up there. So if you want to move from SME to a successful business you must get the help you need to thrive.

 
  • Those Most Likely To Gain Power 

The people with the highest chance of gaining power are politicians and government officials. There have the power to create and annul laws. But despite their enormous power they and deficient in wealth. Power without wealth is still a disadvantage so to make up for this. The government and politicians occasionally collaborate with successful business owners. Who are custodians of wealth to gain a certain wealth advantage. In exchange, they give the business owners some leg in the power play. The Government unlike employees and SMEs use what they have which is Power to get what they need. They use their power advantage to draws some of the wealth of successful business owners. Employees and small business owners must learn to do the same.

 

 

So now that you know your odds and how difficult it is to climb the wealth pyramid, how then do you climb the wealth pyramid with speed?

To climb the wealth pyramid with speed you need a system that increases your odds. And the only system that works well is to use the advantage you have to get the advantage you need.

But how exactly do you do this?

The fastest way to achieve this is to master the art of solving important problems for wealthy people

2. Solving Problems for Wealthy People

The fastest way to climb to the top is to solve problems for those already at the top. And there are a few problems that are important to them. The first problem is how to increase their wealth and remain at the top. And the second problem is how to protect and preserve their wealth from dying. Anyone that can solve these problems ends up with a share of the wealth.

Now you may be saying to yourself, why would I want to help those who already have plenty of money?

The answer is simple.

The only way to grow rich is to solve problems for many people. And who best to solve a problem for than the person with the most capacity to pay you.

If you solve problems for poor people especially before you become wealthy. You get a lot of prayers, kisses, and thank you but no money. Worse of all is that you postpone your own financial success and become financially drained yourself. The best time to help poor people is when you are already Rich yourself. This is the only time you can truly help them

So helping wealthy people solve their income problems is the fastest way to get to the top. See it as a fair trade-off. You are helping them only because it can help you get to the top. And when you offer this kind of help make sure to offer it the right way.

There are two ways to offer help to wealthy people. The first way is to become their worker or subordinate and collect monthly or hourly wages. This is the path to limited income. The second way is to become a peer, independent helper, or advisor and get paid strictly on a performance basis. This is the path to maximum income.

All businesses are based on Performance-based income. So when you trust yourself enough to accept payment based on measurable results you gain the respect of wealthy people and become elevated to more wealth.

Workers and subordinates are treated with less respect. They earn poor income because of the guarantee that comes with their income. While you may still be a worker today you want to find opportunities to leverage on performance-based income. To do this successfully you have to elevate your capacity to the level where you are comfortable with earning based on results. It is the fastest way to get to the top.

So now that you know what to do to increase your odds and earn more income how exactly do you channel some of the wealth to yourself?

There are two ways to channel more wealth to yourself.

The first way is to create wealth from scratch. This is the hardest and longest way. You are creating money from thin air usually all by yourself.

The second way is the Channel some existing wealth to yourself. Here the money already exists all you need to do is give the owner of wealth what they want by solving a problem for them and get what you want in return. This is the fastest way. To do this you need a wealth connection system.

3. The Wealth Connection System

The wealth connection system function like any other connection system in the world. Let’s use a water connection system as an example.

Imagine for a moment that you need water in your house and the only place to get water is in your neighbor’s house.

What is the fastest way to get some water into your own house?

You can build rapport with your neighbor and increase your chances of getting water or You can hate, condemn, and despise your neighbor for having water, and ends up starving.

If you succeed in building rapport with your neighbour there are two choices to make.

The first is to negotiate a Bucket system where you come every day to your neighbour’s house to fetch water. This is time-consuming, back-breaking, and demeaning to mention the least. Worse off is that you can never truly build your own water reserves. So you will continually depend on your neighbor for water. This seems to be the case with most employees.

The second thing you can do is to negotiate a Pipe connection system that channels water directly into your house. This is a smarter move and the fastest way to build your own water reserves. This is the way of performance-based income.

Hating, condemning, or despising those at the top will not make you wealthy. All you need is a connection system that gives you access to their wealth.

The problem is this system rarely exists and when there do only a few people have access to them. To solve this problem we have created our own wealth connection system. Our goal with this system is to help you connect to the wealth of the wealthy and increase your chances of achieving financial success. With this system, we will be creating a new Tribe of working-class professionals called “The Wealthy Middle-Class”. Although the wealthy middle class is people with the least likelihood of success we are helping them break the odds and achieve financial success.

If you want to know more about how you can join the Wealthy Middle-Class, what to do to get to the top of the wealth pyramid and how you can create your own wealth connection system and draw from the wealth of the wealthy send an email to info@createsolidwealth.com.

The entire world is a giant Pyramid system. There is an unequal distribution of wealth and advantages. Presidents are more powerful than citizens. Employers are wealthier than employees. Religious leaders have more influence than their congregation. And men have more advantage as leaders of their homes than women and children.

Everything in life is arranged in a pyramid system from top to bottom.

And you have three choices:

  • Fight the pyramid system and wear yourself out.
  • Use a Bucket system and become perpetually dependent.

OR

  • Create your own wealth Connection system and become massively wealthy.

Our goal is to increase your chance of climbing to the top. Your role is to seize the opportunity.

Wednesday, 11 March 2020

Former CBN Governor, Sanusi appointed KADIPA board member



Within forty-eight hours of his dethronement as Emir of Kano, Muhammadu Sanusi II, has been appointed into the board of the Kaduna State Investment Promotion Agency (KADIPA).

A statement from Sir Kashim Ibrahim House announced that Kaduna State governor, Malam Nasir El-Rufai had approved the reconstitution of the board of KADIPA, with the former CBN boss as Vice Chairman.
Malam Nasir El-Rufai has appointed His Highness, Muhammad Sanusi II into the board of KADIPA. The appointment is part of the reconstitution of the board of KADIPA, which is statutorily chaired by the Deputy Governor and has as internal members senior officials of the Kaduna State Government.

Wednesday, 18 September 2019

CBN to increase charges



Effective Wednesday, September 18, cash deposits and withdrawals from individual bank accounts are to attract additional charges, the Central Bank of Nigeria said on Tuesday.

In a circular to all deposit money bank (DMBs), the Director, Payments System Management Department at the CBN, Sam Okojere, said henceforth 3 percent processing fees would be paid for withdrawals and 2 percent for deposits of amounts above N500,000 for individual accounts.

Similarly, corporate accounts will attract 5 percent processing fees for withdrawals and a 3 percent processing fee for lodgments of amounts above N3 million.

The CBN said the charges would be in addition to already existing charges on withdrawals and will be aimed at encouraging its cashless policy.
Source:Ladunliadinews

Friday, 5 July 2019

60 Percent of Women Won’t Marry a Debtor


 Image result for images about finance
We’ve come a long way since the Mad Men-esque era of the 50s and 60s, when financial security for women came exclusively in the form of a man.
At least that’s according to the findings of a new survey from Charlie. We surveyed 533 single (defined as never married) women ages  18 to 40 in to find out how they think about finances when it comes to finding “the one.” According to the results, women are waiting until well into their relationships to have the “money talk.” If they don’t like what they hear, bad news: most women view potential beaus or belles with a large amount of debt as more of a liability, than an anchor. The majority of single women these days don’t believe that marriage is necessarily the ticket to financial stability. But to understand where we’re at now, it’s important to take a look at where we came from.

A Brief History of Women’s Financial Rights

Back in the “good old days,” our grandmothers had little choice but to attach themselves to a man — for better or for worse — in order to gain financial security. Not surprisingly, these unions weren’t always the most compatible. Oftentimes, men controlled the paycheck and the checkbook, and that in turn controlled the women they supported.
Thankfully, things have changed over the years due to hard work from civil rights activists. Sweeping changes were made to make things fairer for everyone, including people of different races, religions, nationalities, ages, and — gender. Here are a few milestones:

With each of these changes, having a man as a money mediator became less and less necessary. We’re still a long way off from making things truly equal — like the gender and racial wage gap, for example. Considering where we started, we’ve come a long way, baby.

Women are More Reluctant to Marry Debtors

One of the biggest standout statistics from our survey was that 58% of single women would be hesitant to marry a partner with a lot of debt.
Given the massive increase in student loan debt among college graduates these days, that’s a tough prospect. Take the graduates of the class of 2017, for example. Among students who had to take out loans (about two-thirds), the average debt burden after graduating was $28,650, according to The Institute for College Access and Success. And that’s before you add on credit card, mortgage, or other debt.
An important factor here is debt-to-income ratio. A doctor, for example, may pop out on the other side of med school with six-figure debt, but he or she may also be able to make a six-figure salary right out of the gate. Someone with $100k worth of debt after studying underwater basket weaving, however, may be a different story. Similarly, it’s important to take into account what type of debt someone has. Did they take out a student loan with the aims of getting a high-paying job? Or did they take out a series of payday loans to pay for a bad gambling habit? Or do they have credit card debt from splurging on habits they can’t afford?
Context is important and can help women suss out potential marriage partners who may still be very financially-responsible despite carrying a large amount of debt.

Women Don’t Like Having “The Talk” Early On In a Relationship

Understandably, learning the finer points someone’s debt situation can be a little tricky , even if it is important. We have so many emotions and tensions surrounding finances, and for good reason. Few of us were taught good skills and behavioral habits for managing our money, and even fewer of us were raised having open and healthy conversations about finances.
That’s why it’s no wonder that many women prefer to have the money talk later on in their relationship, once they’ve developed a lot of trust with their partner. In fact, according to our survey, 48% of single women said finances should only be discussed at all in a serious relationship.
Discussing finances early can save a lot of heartache later on. Some things may be easy to spot early on, like a penchant for buying pricey gifts on every date despite your beau (or belle) driving a beater. But other things, like past bankruptcies or foreclosures, are more difficult to catch.
The only way to know is by opening up and having a  conversation about what’s important to you. After all, many people list whether they’re interested in kids, overseas travel, or expensive hobbies in their dating profiles. Yet, 74% of single women specifically would not want to see financial measuring sticks like credit scores or student loan debt in dating profiles.

Most Women Don’t See Marriage As The Ticket to Financial Stability

We know women don’t necessarily want to tie themselves down to a heavily-indebted spouse. And we also know women can do (virtually) all of the same things as men, like renting an apartment, having a  meaningful career, travel, opening a bank account, or buying a house.
These two factors combined have led to a grand conclusion: 66% of single women don’t see marriage as the only path to financial security. And that’s a good thing.
There are so many things that can happen by putting all of your financial eggs in one basket. Your marriage could (sadly) end in divorce. Your spouse could develop new bad financial habits. Plus, it’s no secret that pensions are becoming a dying breed, making it more important than ever for everyone — men and women — to save for their own retirement.
Whether you’re currently married or not, it’s important for everyone  to retain some semblance of financial independence. You can do this by considering a prenuptial agreement or considering whether combined — or separate — finances are right for you. Some experts even advise each spouse — even stay-at-home-moms — to keep a separate “freedom fund” to kick-start their newly-single life in case it’s ever called upon. The last thing you want is to be stuck in a relationship that’s not working because you can’t afford to leave.

Women’s Attitudes Towards Relationships and Money are Changing, and Often for the Better

It’s no secret that the relationship between money and marriage is changing, and for women this gives us insight on why they may be more hesitant to lock down a marriage partner. After all, if you can retain your own financial independence in a marriage, why else marry (or stay married) but for love? A lifetime of happiness — financial and otherwise — is something that we can definitely get on board with. 
The Original content is gotten from 
HiCharlieblog

Saturday, 28 June 2014

Procedures to make some home products and make sales


                              

 TABLE OF CONTENT
GERMICIDE(IZAL)
LIQUID SOAP
SHAMPOO
TOILET SOAP
HAIR CREAM
PETROLEUM JELLY
AIR FRESHNER
POWDERED DETERGENT
BLEACH
BAR/LAUNDRY SOAP
MEDICATED SOAP
PAINT EMULSION
PAINT TEXCOAT
BALM
RELAXER
GLUE/BOND
CANDLE
ANTISEPTICS(DETTOL)
PERFUMES



GERMICIDE(IZAL)
            CHEMICALS  AND  FORMULATION(%)
 1           Water-------------------------------- 25
 2           Carbolic acid------------------------0.5
 3           Phenol--------------------------------1/2
 4           White binder------------------------1.0
 5           Izal perfume-------------------------1/2
 6           Lysol----------------------------------- 0.4.
 
PROCEDURE.
(a)              Put the measured quantity of carbolic acid and Lysol into a rubber bowl, then stir very well for proper mixture.
(b)             With continuous stirring, add phenol, perfume and the binder. stir continuously.
(c)               Finally add the required quantity of water.
 Stir very well and allow to settle, then run into container for use or sale.


Dettol (Disincfectance)
Materials and formulations(%wt)
Water ---------------------------------15
Chlorozylenol ----------------------- 0.4

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