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Things To Avoid If You Want To Become Rich quickly

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The 10 things to avoid if you want to become rich are all related to financial discipline, planning, and intelligent decision-making. These behaviors and habits to avoid include overspending, not having a budget, failing to save for the future, not investing, being too risk-averse, not seeking out opportunities, failing to learn new skills, not surrounding yourself with successful people, failing to set clear goals, not taking action, lacking persistence, failing to learn from failures, and lacking confidence in yourself.

1 Spending more than you earn: One of the biggest obstacles to becoming rich is spending more money than you earn. To build wealth, you must live within your means and save as much money as possible. You should create a budget and track your expenses to ensure you are not overspending. This will allow you to have extra money to invest in your future. If you spend more than you earn, you will be broke no matter your income.

2 Not having a budget: Another mistake people make is not having a budget. Without a budget, it’s easy to overspend and lose track of your finances. A budget is a critical tool that allows you to plan for your expenses and ensure that you spend within your means. Building wealth is impossible if you have no monthly plan for your money.

3 Not saving for the future: Saving money for the future is essential if you want to become rich. This means setting aside money for emergencies, retirement, and other long-term goals. A robust savings plan can help you weather unexpected events and give you peace of mind knowing that you are financially prepared for the future. Getting rich requires saving, investing, and growing capital through compounding over time. If you save no money, you’ll have no capital to launch a business and no investment portfolio.

4. Not taking calculated risks: While being reckless with your money is never a good idea, being too conservative can hinder your financial success. Taking calculated risks can help you grow your wealth. This means being open to new ideas and opportunities that have the potential to yield significant returns. You can’t get the reward of being rich without taking the risk of losing money, time, and your ego. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

5. Not seeking out opportunities: To become rich, you must actively seek opportunities. This means being proactive and looking for ways to grow your income and increase your net worth. You should be open to new ideas and take advantage of opportunities. The future rich are looking for new opportunities right now.

6. Not learning new skills: In today’s rapidly changing world, it’s more important than ever to learn new skills constantly. The more skills you have, the more valuable you are in the marketplace. To increase your income and build wealth, you must continuously learn new skills to help you stay competitive in your field. Many skills can make you rich over time.

7 .Not surrounding yourself with successful people: The people you surround yourself with can significantly impact your success. To become rich, surround yourself with successful people who can motivate and inspire you. You should seek mentors and role models who can offer guidance and support as you work towards your financial goals. All the most significant businesses had at least two partners and many great early employees at the beginning.

8 Not setting goals: Setting clear goals is essential to become rich. Without clear goals, knowing what you’re working towards isn’t easy. Setting goals can help you stay focused and motivated to become rich. You should set specific, measurable, and achievable goals that can help you track your progress and stay on course. The first step to getting rich is writing down the goal of being rich.

10 Not setting goals: Setting clear goals is essential to become rich. Without clear goals, knowing what you’re working towards isn’t easy. Setting goals can help you stay focused and motivated to become rich. You should set specific, measurable, and achievable goals that can help you track your progress and stay on course. The first step to getting rich is writing down the goal of being rich.

 

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IN-THE-NEWS

Investigation Into Cause Of Lagos Cholera Outbreak Not Concluded

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The Lagos state government has explained that unregistered tiger nut drinks have not been identified as the cause of the recent cholera outbreak in the state.

There were reports that Kemi Ogunyemi, special adviser to the Lagos state governor on health, said unregistered tiger nut drinks had caused the outbreak.

In an interview on Saturday, Ogunyemi was quoted as saying a survey carried out in Eti-Osa LGA showed that people who visited hospitals in the early days of the outbreak all said they had consumed an unregistered tiger nut drink.

“We found empty bottles with a name on them, but we discovered that it wasn’t even registered with the National Agency for Food and Drug Administration and Control, the regulatory body that ensures the safety of consumables,” she was quoted as saying.

“There was a phone number and a name on the bottle, and we started tracing. We did contact tracing, similar to what we did with COVID-19. We combed the area to ask people where they got the drinks from.

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“We couldn’t find any full bottles. We only found empty ones, which were of no use because we could not test them. The phone number on the bottle was not reachable.”

Reacting to the reports, Tunbosun Ogunbanwo, spokesperson of the ministry of health in Lagos, said Ogunyemi was misquoted.

“Investigations into what caused the outbreak is still ongoing. It is not true that it was caused by tiger nut drink,” he said.

On June 11, Akin Abayomi, Lagos commissioner for health, said five people had died while about 60 residents were hospitalised as a result of the “suspected” cholera outbreak in some parts of the city.

Days later, the commissioner confirmed the cholera outbreak and said there have been 350 suspected cases — with 17 confirmed and 15 fatalities.

As of June 20, there have been 24 deaths and 35 confirmed cholera cases in Lagos.

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Christ Embassy Fire Under Control, Says Lagos Fire Service

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Margaret Adeseye, the Director, Lagos State Fire and Rescue Service, has revealed that the fire that engulfed the Christ Embassy Church located at Oregun, Ikeja, Lagos has been brought under control.

We reported earlier on Sunday that the building caught fire, and officials of the LSFRS were also reported to be at the scene to put the fire out.

In a statement on Sunday, Adeseye provided updates on the situation, stating that no casualties have been reported.

She wrote, “At 07:27 hours, a fire outbreak was reported at the Christ Embassy Church located on Billings Way, Ikeja.

“Firefighting units from Alausa and Ikeja fire stations were promptly dispatched and arrived at the scene by 07:36 hours. The church auditorium was found to be engulfed in flames. The fire is currently under control.” READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

Adeseye added that some parts of the building have been pulled down to ensure that the fire is completely extinguished.

She added, “In addition, LASEMA’s excavator is being used to pull down some parts of the building to ensure complete extinguishment and to prevent further structural collapse.

“The cause of the fire has not yet been determined, and investigations are underway to ascertain its origin.

“No casualties have been reported at this time. Updates will be provided as more information becomes available.”

The President and founder of LoveWorld Incorporated, also known as Christ Embassy, Pastor Chris Oyakhilome, has also said the fire incident was not an accident but an avenue for bigger and better things.

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Ekiti University Student Slashes Her Colleague With Razor Blade During Argument

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Rachael Olufogbe, a 300-level student of the Federal University, Oye Ekiti in Ekiti State, has been arrested.

She was arrested by the police following a physical assault on a fellow student on Saturday.

It was gathered that the incident happened in a private hostel located in Oye Egbo, a community outside the school premises after Olufogbe and another female occupant disagreed with the right of drying line in the hostel.

The PUNCH correspondent learnt that the victim moved Olufogbe’s clothes to create space on the clothesline before spreading her clothes. However, Olufogbe protested this act, leading to an exchange of words between the two.

The situation escalated quickly as Olufogbe was said to have picked a blade to inflict bodily injuries on the victim. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

Pictures obtained by our correspondent showed that the victim suffered bloody cuts in her throat, head, and chest.

The school’s Vice-Chancellor, Prof Sunday Fashina, confirmed the incident to our correspondent on Saturday.

He said, “The incident happened outside the campus in a private hostel. Nobody dares that within the campus because they know the rules and regulations. If anyone tries that, it will catch up with them. The police are already handling it.

“The suspect is in police custody, and once it involves the police, we cannot interfere. When they are done with their investigations, they will write to the Vice-Chancellor to give their report, then we conduct our investigation. So, let’s wait for the outcome of the police investigation.”

Efforts to reach the state Police Public Relations Officer, Sunday Abutu, were unsuccessful as calls made to his phone rang out and he was yet to reply to a message sent to his WhatsApp line as of press time.

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