4 Principles Of Wealth Creation

2015-06-19 07:14

I recently got my own show on CliffCentral called “#BuildAnEMPIRE  with Zareef Minty” which airs every single Wednesday between 15:00-15:30 where most of the conversation is based on motivating our South African society.  I discuss inspiring stories of our youth that will ultimately create the domino effect among the listeners where they will either want to replicate the success stories or better yet improve on them with their own.

I did my first show on 17 June 2015 where I had the pleasure to host Jabulani Ngcobo who in my opinion is one of the most innovative and stretegic forex traders of our generation. At 30 he has already built up an EMPIRE where he now spends most of his time passing his expertise and knowledge on to the people around him and the people less fortunate.

We pre recorded the interview and a lot of the content had to be cut due to time constraints with the amount of time I had on air however I managed to note some of the most relevant and powerful information that was excluded into this article.

One of the most powerful questions he asked and answered was “If you spend most of your time around 9 broke/unsuccesful people what do you think you will become?”. Obviously broke. Power of association which is Principle 3 of the 4 Principles of Wealth Creation stated by Rich Dad Poor Dad author Robert Kiyosaki, which was modified and reiterated by Jabulani aka Cashflow himself.

The 4 Principles are as follows:

Principle 1 : You must save money : We live in a society where saving money is a luxury, many of the South African public spend over their means meaning that they have very less or sometimes not even a cent to save.

Principle 2:  You must involve yourself in business: This is the whole concept of  finding your passion, if you love the corporate life and its your dream to become a magnificent share partner in the litigation department of a law firm that’s perfect for you. However if you just in a corporate job for an income or salary and your passion lies elsewhere then you should get up, plan a buisness around your passion and enter the entrepreneurship arena.

Principle 3: You must model yourself around successful people: Cashflow gave the perfect example, he said that if you want to open up a coffee shop you need to be surrounding yourself around people who own successful coffee shops already.

Principle 4: You must earn leverage income: Leverage is all about finding a technique to multiply your gains or losses. Obviously this is refering to multiplying your gains, at the same time you need to bank some of your money on safe risk investments in your portfolio  like property. Sustainability is just as important as leverage.


AB praises selfless skipper

2010-11-21 18:15

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