Crossing the hurdles of poverty to wealth and financial abundance, Keys to financial success.

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Hello Hive.

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Succeeding financially takes courage, patience, time and continuous efforts from individuals.
Every successful individual has a story to tell about the hurdles they had to cross from poverty to into wealth or the level of financial abundance they now enjoy.

A very great gap lies between the rich and the poor of our society. And it is either you are rich on the good side or you are poor and struggling on the other end.
None can cross to the opposite end unless a strong driving force is applied.

More over government and government activities in different countries have made this transition very difficult. It is almost impossible to work, earn salaries and build massive wealth in short time unless you are willing to do shady work and embezzle funds.

It is either you embezzle public funds and become wealthy in a short time or honestly follow either of these keys and build your wealth and dignity over time..

Become financially literate and learn about money rules and management of funds

Studying money and how to multiple every penny in ones hand can go along way to improve on ones finances.
Financial knowledge is hidden in books, journals and life experiences of great investors and wealthy people who have made it genuinely.

Investing in opportunities and profitable ventures.

It is a well known norm that salaries can never make one rich, they are just stipends to keep you working all your life.
The best way to escape the shackles of poverty is to invest and look out for profitable ventures.
Multiple investment of your little salaries and earnings can yield massive result when put together in the future.

Avoid debts

Debts are financial traps that's eats away your profits and keeps one running in circle.
Anyone running businesses based on debts and loans is standing right at the edge of a clip and can be plunged into deeper financial stress.

Acquire As much Assets.

Trying to escape poverty requires one to acquire more assets than liabilities.
For instance, a working tool like a sewing machine is an asset to me and it would generate finances for me and even be more preferable to buying a car which I have to spend money, fueling anf servicing timely.

The list goes on and one and experience can get you to add more to this. But most importantly, the keys to becoming financially stable is not giving up.

It is easy to give up trying after multiple failure but only those who persevere are able to break the chains of poverty.

Posted Using LeoFinance Beta



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You've actually x-ray my mind on this matter. Debt is a serious trap that has ruined people and some organisations. Thanks for reminding me of this tip.

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Bang, I did it again... I just rehived your post!
Week 134 of my contest just started...you can now check the winners of the previous week!
!BEER
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Everybody’s dream but unfortunately, not everyone can achieve it

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