{"id":38937,"date":"2017-05-26T21:45:23","date_gmt":"2017-05-26T21:45:23","guid":{"rendered":"http:\/\/localhost:8888\/cregital\/disha\/2017\/05\/26\/creating-wealth-a-roadmap-for-business-owners-employees-and-income-earners\/"},"modified":"2017-05-26T21:45:23","modified_gmt":"2017-05-26T21:45:23","slug":"creating-wealth-a-roadmap-for-business-owners-employees-and-income-earners","status":"publish","type":"post","link":"https:\/\/msmehub.org\/staging\/6671\/creating-wealth-a-roadmap-for-business-owners-employees-and-income-earners\/","title":{"rendered":"Creating Wealth: A Roadmap for Business Owners, Employees and Income Earners"},"content":{"rendered":"

Let me officially welcome you to this maiden article that teaches you how to create wealth.<\/p>\n

Whether you are an entrepreneur, business owner, employee or student, this article is for you.<\/p>\n

My goal is to teach you how to create wealth and how to start the journey to becoming a billionaire.<\/p>\n

How do I know that this roadmap works?<\/p>\n

Probably, because I know it has worked and I have used it again and again.<\/p>\n

I wish to share this series on how to create wealth. Join me as we explore the rules of creating wealth.<\/p>\n

Rule 1: In order to be rich or wealthy, you need to get yourself to a point in your life when you have a minimum of 4 or more sources of Income. <\/strong>\n <\/p>\n

In less technical terms, you must develop multiple sources of passive income.<\/p>\n

According to Investopedia, Passive Income are earnings an individual derives from a rented property, franchise, partnerships or businesses in which he or she is not materially involved.<\/p>\n

Put in another way by Wikipedia, Passive Income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.<\/p>\n

One mistake that most working class young people make is that they work so hard for a paycheck, yet when they earn their pay check, they buy the most expensive things life has to offer them- Cars, Perfumes, Clothes, Phones and Games.<\/p>\n

In most cases, they are in debt even before their next paycheck comes and this cycle continues until they retire at 65. So the only time they earn a passive income is when they earn their pension or their retirement income, which in most cases is never enough.<\/p>\n

So in order to call yourself rich or wealthy, you need to start creating Passive Income.<\/p>\n

Are you still there?<\/p>\n

I heard you ask me the next big question: How do I generate passive income?<\/p>\n

How do I also generate passive income that continues to generate income all the time?<\/p>\n

In order to answer these questions, I want to state a key economic fact: “Human beings are Insatiable”<\/p>\n

What these means is that as long as man exists, they would always require a product or service to keep them going, so passive incomes will be around for a long time.<\/p>\n

I wish to quickly list a prospective list of passive incomes that you can access or invest into as you begin your journey to creating wealth.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

S\/No.<\/strong>\n <\/p>\n<\/td>\n

\n

Passive Income Type<\/strong>\n <\/p>\n<\/td>\n

\n

My Comments<\/strong>\n <\/p>\n<\/td>\n<\/tr>\n

\n

1.<\/p>\n<\/td>\n

\n

Put your Car on Uber when you are at Work from 9am to 5pm<\/strong>\n <\/p>\n<\/td>\n

\n

People make close to 150K per month for putting their car on this scheme.<\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/p>\n<\/td>\n

\n

Register for an Online store on Jumia, Konga, Jiji, Obeezi and sell stuffs online, while you sleep or you are at work.<\/strong>\n <\/p>\n<\/td>\n

\n

No need to build a portal. No need to pay for Marketing. Make money all the time.<\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/p>\n<\/td>\n

\n

Buy Crypto Currencies (Bit Coin, The Billion Coin) which keeps increasing value everyday<\/strong>\n <\/p>\n<\/td>\n

\n

Each unit are worth over 1,600 Euros and the value keeps increasing.<\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/p>\n<\/td>\n

\n

Rent a Shop and put Washing Machines there and offer to run a 2 days wash, iron and deliver service<\/strong>\n <\/p>\n<\/td>\n

\n

Good Business, profitable and can run without you. However, install cameras and deploy ATMs and insist customers pay with card.<\/p>\n<\/td>\n<\/tr>\n

\n

5.<\/p>\n<\/td>\n

\n

Rent a Shop and put games machines and let young people play games for a fee<\/strong>\n <\/p>\n<\/td>\n

\n

Good Business model, profitable and can run without you. However, install cameras and deploy cards that can be preloaded with game money so employees don’t touch cash.<\/p>\n<\/td>\n<\/tr>\n

\n

6.<\/p>\n<\/td>\n

\n

Buy a property and put it up for rent or AirBnB<\/strong>\n <\/p>\n<\/td>\n

\n

Would cost you more initially, but will make you asset rich in the future.<\/p>\n<\/td>\n<\/tr>\n

\n

7.<\/p>\n<\/td>\n

\n

Setup a YouTube Channel and setup Google AdSense on your YouTube channel<\/strong>\n <\/p>\n<\/td>\n

\n

This would fetch you money, when you grow viewers. E.g. Mark Angel Comedy has over 500,000 viewers and they are paid for adverts.<\/p>\n<\/td>\n<\/tr>\n

\n

8.<\/p>\n<\/td>\n

\n

Buy and Rent out Expensive Equipment, Tools<\/strong>\n <\/p>\n<\/td>\n

\n

People would rather rent than buy; however ensure business is well planned with insurance and good repair policy.<\/p>\n<\/td>\n<\/tr>\n

\n

9.<\/p>\n<\/td>\n

\n

Become a digital book publisher<\/strong>\n <\/p>\n<\/td>\n

\n

Write short stories, 60 to 100 paged books and sell on Amazon and book stores. It would generate money while you sleep.<\/p>\n<\/td>\n<\/tr>\n

\n

10.<\/p>\n<\/td>\n

\n

Create a business system and franchise it out<\/strong>\n <\/p>\n<\/td>\n

\n

Every business should be built as a system that can be franchised or sellable. So setup your business as a system and it will make money while you sleep.<\/p>\n<\/td>\n<\/tr>\n

\n

11.<\/p>\n<\/td>\n

\n

Create a video based training courseware using experts<\/strong>\n <\/p>\n<\/td>\n

\n

People never stop learning, so create a digital university that keeps educating people and they will keep paying you.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Phew! What a long list! I hope you understand my point of view.<\/p>\n

The journey to becoming wealthy begins with making your money work hard for you and not you working too hard for your money.<\/strong>\n <\/p>\n

Let me close with a prayer point that my mother used to pray for me when I started my first business: “May you never work like an Elephant and Earn like an Ant” <\/p>\n

<\/strong>\n <\/p>\n

I pray the same prayer for you and I hope that you start setting up passive income right away. We will continue this chat next week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Creating Wealth: A Roadmap for…<\/p>\n","protected":false},"author":1025,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[342],"tags":[539,540],"class_list":["post-38937","post","type-post","status-publish","format-standard","hentry","category-financial-management-and-reporting","tag-creating-wealth","tag-how-to-be-wealthy"],"yoast_head":"\nCreating Wealth: A Roadmap for Business Owners, Employees and Income Earners - 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