You can never compare yourself to those three waaaiiiiiii kwaasiaaaaaaaaaaaaaaaaaaaaaaaaa old man
You can never compare yourself to those three waaaiiiiiii kwaasiaaaaaaaaaaaaaaaaaaaaaaaaa old man
BUT WILL THEY RETIRE RICH OR BROKE? WILL THEY BE ABLE TO AFFORD A DECENT LIFE IN RETIREMENT? 2 months ago
Mass it is what you do with that big income after you have deducted your taxes and overheads that really counts. There are Ghanaians from diverse walks of life who never earned anywhere near what you take but guess what they ... read full comment
Mass it is what you do with that big income after you have deducted your taxes and overheads that really counts. There are Ghanaians from diverse walks of life who never earned anywhere near what you take but guess what they are multimillionaires today in dollar, euro and pound terms .You know why? because they developed the discipline to be frugal, avoid wasteful expenditure (the biggest of these being trying to impress people or show off by buying depreciating assets such as expensive cars ,or spending a fortune on bling designer clothing etc). They avoided the extravagant lifestyle. Some of these Ghanaians multimillionaires were at one point of their career earning less than $30,000 /year but about 15-30 years later were earning 10-50 times as much ANNUALLY because of prudent investments in real estate, securities, precious metals and many more and saving. Today they are multimillionaires and most Ghanaian millionaires (many of whom live abroad) do not feel the need to flaunt their wealth or have a desire to show off or prove to friends or family that they have made it big. THEY LEARN TO AVOID INDEBTEDNESS VERY EARLY IN THEIR CAREERS OR VOCATIONS (I.E THEY LIVE WITHIN OR BELOW THEIR MEANS) AND ALSO UNDERSTAND THE CRITICAL NEED TO HAVE INTEGRITY IN ORDER TO HAVE WEALTH THAT ENDURES.
MASSA YOUR EARNING POWER WILL NEVER BY ITSELF TRANSLATES INTO GREAT WEALTH, RATHER IT IS HOW MUCH OF THIS YOU CAN PUT TO WORK FOR YOU. WHEN YOU EVENTUALLY RETIRE MASSA, WILL YOU BE ABLE TO AFFORD A DECENT LIFESTYLE BASED ON YOUR CURRENT SPENDING HABITS?
CORRECTION- FIRST LINE SHOULD READ.... 2 months ago
MASSA IT IS WHAT YOU DO WITH THAT BIG INCOME AFTER YOU HAVE DEDUCTED YOUR TAXES ,EXPENDITURES AND OVERHEADS THAT REALLY MATTERS.
MASSA IT IS WHAT YOU DO WITH THAT BIG INCOME AFTER YOU HAVE DEDUCTED YOUR TAXES ,EXPENDITURES AND OVERHEADS THAT REALLY MATTERS.
A HIGH RATE OF SPENDING DOES NOT EQUAL GREAT RICHES. 2 months ago
Burning money like paper does not prove that we are very rich. Even a Billionaire can quickly become broke if he or she spends their money fast enough. So let’s wise up and save our hard-earned money and where possible inve ... read full comment
Burning money like paper does not prove that we are very rich. Even a Billionaire can quickly become broke if he or she spends their money fast enough. So let’s wise up and save our hard-earned money and where possible invest it in things (assets) that increase (appreciate) in value. For example, a smart small store owner will avoid spending their early profits and will instead use these to re-invest or expand the business after doing careful research. IT IS NOT ENOUGHT TO BE VERY HARDWORKING AND EARN PLENTY OF MONEY. IT IS ALSO VITALLY IMPORTANT TO HAVE THE DISCIPLINE TO HOLD ON TO IT AND MAKE IT GROW FURTHER. THE WISE WILL AVOID WASTING MONEY SHOWING OFF OR BY TRYING TO IMPRESS OTHERS OR TRYING TO PROVE THAT THEY HAVE BECOME VERY SUCCESSFUL. Throwing money all over the place is no proof that you have suddenly become wealthy. TRUE WEALTH IS ACCUMULATED OVER MANY YEARS. In fact, research shows that people who have worked VERY hard and done so with honesty or integrity and planned carefully can take 20,30 or more years to become truly very wealthy (many at this stage become millionaires). Usually that kind of wealth tends to endure because the individual over many years has acquired the discipline, knowledge and experience that allows an individual to be able to handle the heavy responsibility that comes with possessing great wealth- YES GREAT RICHES AS WITH MANY BLESSINGS IN THIS WORLD COME WITH THEIR OWN BURDENS! IN CONTRAST MONEY GAINED QUICKLY OFTEN ALSO DISAPPEAR VERY QUICKLY BECAUSE THE PERSON ACQUIRING SUDDEN WEALTH USUALLY NEVER HAS THE CHANCE TO UNDERGO THE ESSENTIAL TOUGH TRAINING (SACRIFICE, FOCUS AND DISCIPLINE) NECESSARY TO SLOWLY AND PATIENTLY ACCUMULATE GREAT WEALTH. THIS IS WHY OVER 80% OF LOTTERY JACKPOT WINNERS BECOME BROKE OR AT LEAST LOSE MOST OF THEIR SUDDEN WEALTH WITHIN 5 YEARS OF THEIR INITIAL BIG WIN
MASSA DON'T WASTE YOUR MONEY TODAY, RATHER SAVE AND INVEST AND PREPARE FOR YOUR COMFORT TOMORROW BECAUSE TOMORROW MAY BE MUCH HARDER THAN YOU THINK. 2 months ago
It is far wiser to prepare well for tomorrow .While you are young use your strenth,talents to prepare for the day when you may no longer be able to earn much either because your music is no longer fashionable (THIS HAPPENS AL ... read full comment
It is far wiser to prepare well for tomorrow .While you are young use your strenth,talents to prepare for the day when you may no longer be able to earn much either because your music is no longer fashionable (THIS HAPPENS ALL THE TIME) or because of some unforseen change in your circumtances hindering your ability to earn- LIFE IS FULL OF UNEXPECTED EVENTS ,BOTH GOOD AND BAD but the wise man or woman will take stakes to prepare very well for a possible rainy day.
PLEASE REMEMBER THIS ONE THING 2 months ago
LIFE IS FULL OF UNEXPECTED EVENTS ,BOTH GOOD AND BAD but the wise man or woman will take steps to prepare very well for a possible rainy day.
LIFE IS FULL OF UNEXPECTED EVENTS ,BOTH GOOD AND BAD but the wise man or woman will take steps to prepare very well for a possible rainy day.
You can never compare yourself to those three waaaiiiiiii kwaasiaaaaaaaaaaaaaaaaaaaaaaaaa old man
Mass it is what you do with that big income after you have deducted your taxes and overheads that really counts. There are Ghanaians from diverse walks of life who never earned anywhere near what you take but guess what they ...
read full comment
MASSA IT IS WHAT YOU DO WITH THAT BIG INCOME AFTER YOU HAVE DEDUCTED YOUR TAXES ,EXPENDITURES AND OVERHEADS THAT REALLY MATTERS.
Burning money like paper does not prove that we are very rich. Even a Billionaire can quickly become broke if he or she spends their money fast enough. So let’s wise up and save our hard-earned money and where possible inve ...
read full comment
It is far wiser to prepare well for tomorrow .While you are young use your strenth,talents to prepare for the day when you may no longer be able to earn much either because your music is no longer fashionable (THIS HAPPENS AL ...
read full comment
LIFE IS FULL OF UNEXPECTED EVENTS ,BOTH GOOD AND BAD but the wise man or woman will take steps to prepare very well for a possible rainy day.