The 10 Commandments of Money

Today on this blog, we will be talking about money. This is because money seems to be involved in everything in life. Without money many needs would be left unmet. I completely concur with the saying that ‘money answereth all things’. You won’t be reading this article if you don’t have money to access the internet. Therefore, we will give money the attention it deserves so that our readers can learn how to become richer.

Like in the bible where we have God’s 10 commandments, it’s worthy to note that other things in life commands obedience. Almost everything in life has rules, rules that govern their path to success and breakthrough. In Mathematics you must apply the rules to arrive at the correct answer, otherwise, failure will be inevitable. Rules are sets of procedures to arriving at something. Therefore, to arrive at that desired goal a set of rules must be obeyed.

The 10 commandments of money is more or less a set of rules or principles one ought to follow to feel at home with money. If money must be your friend, then you must apply certain principles.  Such rules or principles give you an edge over others who compete with you for the same scarce resources. As you already know, one of the characteristics of money is its relative scarcity. Money is scarce but everybody wants to have enough of it. But only those who apply certain rules (10 commandments of money), have abundant of it.

But one may ask, what are those commandments of money and does it really exists? Relax; I am here to supply the answers to those questions. Like I said earlier, the commandments are set of rules and principles that when properly applied constantly puts money in someone’s pocket. Below are a number of them:

Engage Your Hands: Making and retaining money entails engaging your hands in something economical. An idle hand will perish in poverty. Therefore, the first commandment of money is to start something doing no matter how small. When considering on what to be engaged in, always invest time in research so as to find out something with positive long run effects. This is because some businesses may thrive today but becomes obsolete in nearby future.

Be Committed: When you must have started doing something with your life, commitment is needed to get the best out of it. You need to give your all to whatever business you do if you must succeed in it. Therefore, believe in the work of your hands and give your best to it. Don’t jump from one thing to another rather, focus on one thing and pursue it diligently.

Persevere: It is important to know that no achievements come without challenges. In running your business, you are going to be faced with lots of hurdles which most times it suggests you quitting. Endurance is the only vehicle that can drive you out of this kind of situation.

Save: When the above three conditions must have been met, savings would now come into play. You need to create a saving plan from your profits. Most people are poor today because they lack savings culture. You must save to grow your business.

Research: When the business owner must have saved a reasonable amount of money, he will need to carryout research work on where else to invest. The investment can be on your immediate business or on other areas. Start by reviewing your business market and industry as a whole to see if there is anywhere that you can still invest. A good example can be taking up the supply activities that you used to outsource.

Re-invest: Re-investment simply entails you plugging back your savings into some other areas that you notice a gap. This will help the business owner to grow from money to money. Some people make the mistake of investing excess money in one particular business, thereby rendering some part of their capital useless. You need to know when your business has absorbed enough capital so that you can divert other capital to some other profitable ventures.

Take Risk: No risk No gain. Every business involves risks. Therefore, risk must be taken to make more money and achieve financial freedom. Don’t be risk avert, but take secure risk to expand your control of money. Listen, taking risk doesn’t mean you should not do your research well, always analyze your chances critically before taking risk. Some risks are not worth taking.

Be Innovative: Another important rule of money making is innovation. You need to be innovative in whatever you are doing. Innovation simply means upgrading/blending with the trends. Things changes with time… remain competitive, you will always need to change strategies as well.

Be Unique: Uniqueness call for your own strategy. What distinguish your business from others in the same line of business are the strategies you employ. Therefore, you must develop a unique strategy to keep customers loyal to your offerings.

Be Appreciative: Finally, a successful business operation that puts money in your pocket demands that you always appreciate the patronage of your customers. Always thank them for doing business with you as this will increase their repeat calls


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