*School of Money*
*(Money Sense not Taught in School)*
*Topic: 20 Rules of Money not Taught in School - Part 2.*
_"Business is a money game with few rules and a lot of risk."_(quoted)
~Bill Gates ~
Success is simply a product of consistent alignment with the rules of the game. Follow the rules! Rule #4...👉
RULE #4: STRATEGIC PARTNERSHIPS
This kind is similar to befriending money makers intentionally and also creating an environment that allows people to make money. The more people make money, the more people continue to do business with you if they're in strategic partnerships with you. Don't be selfish, only thinking of yourself!
🙋♂️
Strategic partnerships increase your chances of making more money because a lot of people doing business with you are making money. Maximize business relationships! ✍️📚🤔
RULE #5: STUDY SMART INVESTORS
Read everything you can lay your hand on about an investor because everything he's going to teach you is his way of thinking, his ideas - these are his philosophies.
🙋♂️
Study smart investors but don't be too religious about them. Poor people criticize blindly while rich people analyse wisely! Study and analyse wisely!
✍️📚🤔
RULE #6: THE BIG CHECK SYNDROME
When some people get a big pay, they relax, feeling they've arrived without working on increasing that pay. Having high pay is irrelevant if you don't know how to play the money game. You want income coming in to feed your game to increase your net worth.
🙋♂️
Don't get too cocky about the big check syndrome. Otherwise, you will fall and lose everything you have. Do away with arrival mentality!🤔
RULE #7: ALWAYS HAVE AN INVESTMENT ACCOUNT!
This is an investment account, not for emergency but strictly for investment. This account helps you to take advantage of investment opportunities. A certain percentage of your income should go to that account on regular basis.
🙋♂️
You are not safe until save! Save regularly!
✍️📚🤔
RULE #8: STUDY GOVERNMENT POLICIES
You have to know what the politicians in your country are going to do and what their policies are. This is because if their policy is to impose heavy duty taxes on you, you need to adjust accordingly. If their policy is to cut down taxes imposed on you, you need to adjust accordingly also.
🙋♂️
Everything is about adjustment. You need to know what their policies are for proper adjustment.
✍️📚🤔
RULE #9:DIVERSIFICATION IS FOR ABSOLUTE SISSIES
Warren Buffet believes that diversification makes little sense if a person doesn't know exactly what he or she is doing. Diversification is a protection against ignorance and is for people who do not know how to analyse businesses.
_"Keep all your eggs in one basket, but watch that basket closely."_
_~Warren Buffet ~_( quoted)
🙋♂️
If you're still working on building your business to get to a level you desire, di
76.592 SRY