A lot of people have gotten rich, very rich, and then they fell, and became poor to the extent that they had to depend on someone else to survive. While I was coming back from church yesterday, I was reading a magazine in the bus, and I read how one of the Jackson's, from the Jackson 5, was back living with his parents, and another one was living with his girlfriend, and making a paltry $500 playing for a downtown club. This are people that were swimming in money for a couple of years, and now they can barely survive on their own. There are lot of people like that; musicians, athletes, lottery winners, that were making huge chunks of money at a time, but right now are living just above poverty level.
It can be easy to get all that money but I sure tell you that it is always harder to keep it, to keep the cash flow running. I think a lot of people have to learn how to get rich, and then stay rich; that is a very important lesson to learn. There are principles to follow, and I have done a lot of research and have come up with some principles peculiar with a lot of the richest men in the world. While I conducted the research, I was surprised to find out that they were some of the things I myself practice in my life. Although I do not claim to be rich yet, I have a steady flow of cash into my life at any given time. I would like to talk on some of these principles and how you can apply them in your own life.
The number one principle is the art of giving. I find it hard sometimes when I investigate the lives of some people that earn good amount of money monthly, and discover that I give out more money to charity than these people. What would it take for you to take out like 5% of your monthly income and give for a charitable course; or divide it and give to numerous beggars on the streets; or help a friend or a neighbour that is in need. It would not make you have less, in fact it would attract way more than you gave out. It is just a natural law, just like the law of gravity states that what goes up must come down, the law of giving states that when you give you shall receive, as simple and straight-forward as that.
When you give out, you are expressing that you have more than enough, and you would surely get more. The other thing to do if you want to stay rich after acquiring money is to pay your tithe. Giving that 10% to God, through your church might seem hard, but what you would get in return far outweighs what you would have been able to do with that money. If you can strain yourself and pick up this habit, you would start getting blessed from ways you would never expect. I remember the very first month I started tithing, I got paid like $100 extra on my monthly pay-check for what I still don't know what for.
If you want your money to stay flowing in, you should invest that money in yourself. If you spend $20,000 on a course that increases your earning power by 20% more than what you are presently making; isn't that a brilliant idea, considering the fact that the course might not take more than 6 months to complete. Depending on what field you are in, there are different ways you could invest in self and earn more, you just have to do some research and find out what works for you. Know one thing, you have to keep educating yourself if you want to keep getting money, because time changes yesterday, and the way you once made money would soon become obsolete.
Another principle to follow is to invest in projects that bring in residual income. If I can explain it in my own words, residual income is the type of income you get continuously after setting up or investing in a system once. For example, the money you get on rent from a building you own, or money from partnering with a telecoms company, or money you get from investing in a publishing company. There are a lot of other types of residual income, you just have to carry out a little research and know which one that is in the limit of what you can afford. Just imagine the money in riches that any individual that invested in the publishing of Michael Jackson's catalogue; do you get the picture now?
Following all these principles would guaranty that you would definitely keep any form of riches you have been able to acquire, or that you would acquire in the future; you would keep money flowing to you at any given time.
Kayode dusanya is a writer in the niche of self improvement. He has been writing articles for years in his country Nigeria, to help uplift the countless citizens living below the poverty level. For more of his works, head over to http://kaystipstogettingrich.blogspot.com
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