How to be financially secured

© Omokaro Efeobome. All Rights Reserved http://talk-about-wealth.blogspot.com

Being financially secured will be one of the easiest thing or plan to execute if you are willing because “where there is a will, there is a way”. Most people are the cause of their problems, they don’t think and if you don’t think you stink and those who think don’t think positive. Most people don’t know that what you cannot see you cannot have. Is a high time person known that riches begin with the form of thought?

Make sure that part of all you earn is yours to keep, with that you can be rest assured that your financial plans will be fulfilled. What do I mean by part of all you earn is yours to keep? Don’t you buy drinks, shoes, sandals, caps, belts, wrist watches, suites, cars, etc. And don’t you pay for them? It is not that you should not buy all these things but first pay yourself. As you collect that salary or that profit from your business, pay yourself first. I know you will be wondering by what I mean by paying yourself, it does not matter how big or small your income is, always pay yourself first, that way your portfolio will be enlarging.

To pay yourself first is to always take out 10% from your total income and invest it. Look for an expert in the business you want to invest your money on because that is the only way you can expect return on the capital.

When you have consulted an expert and you started the investment, you must not eat up your profit or your capital. For you to be financially secured, your money needs to work for you and the children and grand children must continue to work for you. If you are able to stick to this plan, then you are going to be financially secured in no time.

You must start paying yourself today, because that way your dreams of becoming financially secured can be accomplished. These businesses will help in securing your finance. But seek the help of experts. Mutual fund, Real estate, stocks, bonds, and royalties from intellectual properties such as Patents, music, scripts or you can also divert some of your funds into offshore banking. Because it yields high return on investments.

By moving some of your funds offshore, it gives you opportunities to some very profitable investments that are not available to you in your country. In this global dispensation, virtually everything is within your reach so take advantage of this globalize world.


© Omokaro Efeobome. All Rights Reserved http://talk-about-wealth.blogspot.com