10 Financial Secrets You Should Know

Written by Paschal Agonsi. August 9, 2022

Money may not buy you happiness but managing it well will. It’s really not how much we make but how we spend that determines our financial success or failure. Here’s 10 financial secrets you should really know.

Borrowing increases your spending power in the short term and reduces your spending power in the long term.

A simple formula to avoid poverty? Earn more than you spend and treat each and every one well.

Improving your education, innovation and global competitiveness are sure ways to increased financial earnings.

Earning money is a science. Amount earned is in direct relation to (1) the need of what you do, (2) your ability to do it, and (3) the difficulty it takes to replacing you.

Adapt or die is the law of the animal kingdom and in business or entrepreneurship.

The common denominator of success is informing the habit to do things failures don’t like to do.

You don’t get paid for the time. You get paid for the value you bring to the marketplace. Value makes the difference in results.

Only two things matter in business: we can lose money but we can’t lose reputation.

The ultimate luxury is doing what you love doing with people that you love doing it with.

Success speaks for itself. A proven track record will get you everything you need even without asking for it.

In conclusion, always remember, knowing is the first step and doing is wisdom.