Open The Financial Gates With A Success Key Presented by:  Francis Kofi Somuah BA (Psychology)  Grad. Dip.(Mgmt Stud.)
WEALTH IS POWER WITH WEALTH MANY THINGS ARE POSSIBLE
PRESENTATION OUTLINE <ul><li>Definition of wealth creation </li></ul><ul><li>Lessons from wealth creation </li></ul><ul><l...
Definition of terms <ul><li>Wealth  : is defined as a great quantity of store of money, valuable, possession, property or ...
MY FAVOURITE DEFINITION OF WEALTH <ul><li>“ How long you will continue to live after all your income ceases”.   </li></ul>...
Definition of terms contd.. <ul><li>Creation  :  To create is to cause something into existence not through natural evolut...
Definition of terms contd.. <ul><li>Investments  :  Investment involves putting away money to preserve the value and at th...
What then is wealth creation <ul><li>Wealth creation entails the use of ones own thought and imagination to work in order ...
Wealth creation through investments at work Source Epack Annual report 2010
The story of Manhattan and the concept of wealth creation/investment <ul><li>In the early 1600s, the American Indians sold...
Concept of the tree and wealth creation <ul><li>Wealth like a tree grows from a tiny  seed . The first money you keep is t...
Concept of the tree and wealth creation (contd.) 2 3 <ul><li>Sow a seed  (initial investment) </li></ul><ul><li>Careful no...
5 cures for an empty wallet/pocket <ul><li>“ (You can be academically rich but pocketicaly poor)” –  f.k. Somuah </li></ul...
Begin by fattening your wallet (PAY YOUR SELF FIRST) <ul><li>Decide that a  part of all you earn is yours to keep (10% rul...
Study and counsel with wise men <ul><li>Seek the advice of men whose daily work is handling money </li></ul><ul><li>“ Mone...
CONTROL YOUR EXPENDITURE <ul><li>“ JUST A SMALL WRECK ON A SHIP WILL MAKE IT SINK”  </li></ul><ul><li>Be mindful of the li...
Make your gold/money multiply(Invest) and Increase the ability to earn more <ul><li>Who can tell me why the sea never drie...
Why some people fail to create wealth/invest <ul><li>INADEQUATE KNOWLEDGE </li></ul><ul><li>“ When you know more about the...
  ◆ There will be A  BETTER TOMORROW and A  BRIGHT FUTURE Living in a bigger house…..Take a Luxury vacation …..buy a new c...
S ome people are in the habit of saying “No” to all new opportunities. They feel they are protecting themselves, but they ...
Y ou have to start by doing something, so the first step is “Act.” It is better to do something than nothing. Those who st...
Congratulations on getting started now….Today will change your life forever!
OTHER BOOKS THE HOLY BIBLE 31 DAYS TO FINANCIAL INDEPENDENCE –  by Rev Ogbarmey Tetteh ANY GOOD BOOK ON WEALTH, MONEY, INV...
THANK YOU FOR YOUR AUDIENCE QUESTIONS PLEASE...
Upcoming SlideShare
Loading in...5
×

The psychology of wealth creation through investments

2,650

Published on

This prentation is about money and how to create wealth. It teaches you how to cure an empty pocket and makes known to you the proven principles of wealth creation.

Published in: Business, Economy & Finance
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
2,650
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
88
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

The psychology of wealth creation through investments

  1. 1. Open The Financial Gates With A Success Key Presented by: Francis Kofi Somuah BA (Psychology) Grad. Dip.(Mgmt Stud.)
  2. 2. WEALTH IS POWER WITH WEALTH MANY THINGS ARE POSSIBLE
  3. 3. PRESENTATION OUTLINE <ul><li>Definition of wealth creation </li></ul><ul><li>Lessons from wealth creation </li></ul><ul><li>5 cures for an empty wallet </li></ul><ul><li>Why some people fail to create wealth </li></ul><ul><li>Q&A </li></ul>
  4. 4. Definition of terms <ul><li>Wealth : is defined as a great quantity of store of money, valuable, possession, property or other riches including a good name , character and information. </li></ul><ul><li>It must be noted that being wealthy cannot be equated to being rich. When we talk about wealth, we are not talking about little money here and there, and being able to live until the end of the month or having some treasury bills here and there. </li></ul><ul><li>That is not what we are talking of; we are talking of having an abundant store of resources or possessions in the form of money, land, mansions; like Carlos Slim ’s 74 billion dollars, Aliko Dangotey’ s 13.8 billion US dollars and Warren Buffet’ s 50 billion dollars </li></ul>
  5. 5. MY FAVOURITE DEFINITION OF WEALTH <ul><li>“ How long you will continue to live after all your income ceases”. </li></ul><ul><li>In other words, how long the money you have amassed will sustain you after you decide to work no more. Is it one week, one month, a year or generations? </li></ul><ul><li>- The answer is in your hands. </li></ul><ul><li>We must take note that wealth is created </li></ul>
  6. 6. Definition of terms contd.. <ul><li>Creation : To create is to cause something into existence not through natural evolution, but from ones own thought or imagination as in invention. </li></ul><ul><li>This definition is important for the concept of wealth creation. It is essential to note that wealth creation is a gradual process. Wealth is not made in a day. I guess we have all heard or come across these sayings; ‘Little drops of water make a mighty ocean’, ‘A journey of one thousand miles begin with a step’, ‘Rome was not built in a day.’ </li></ul><ul><li>Wealth is therefore accumulated over time . This ideology of accumulating wealth over time in order to create it leads us to the next key word - Investments </li></ul>
  7. 7. Definition of terms contd.. <ul><li>Investments : Investment involves putting away money to preserve the value and at the same time earn a return (profit) on the amount invested in the future. </li></ul><ul><li>Simply, investment is the outlay of money in instruments for future return (profit). </li></ul><ul><li>Psychology : scientific study of the mind </li></ul>
  8. 8. What then is wealth creation <ul><li>Wealth creation entails the use of ones own thought and imagination to work in order to bring something extraordinary that produces great quantities of money. </li></ul><ul><li>Therefore, wealth creation is working with your mind or thinking faculty to produce something unique that will produce great quantities of money and property. </li></ul>
  9. 9. Wealth creation through investments at work Source Epack Annual report 2010
  10. 10. The story of Manhattan and the concept of wealth creation/investment <ul><li>In the early 1600s, the American Indians sold an island, now called Manhattan in New York, for various beads and trinkets worth about $16. Since Manhattan real estate is now some of the most expensive in the world, it would seem at first glance that the American Indians made a terrible deal. </li></ul><ul><li>Had the American Indians, however, sold their beads and trinkets, invested their $16 and received 8% compounded annual interest, not only would they have enough money to buy back all of Manhattan, they would still have several hundred million dollars left over. That is the power of compound interest (investment) over time. </li></ul>
  11. 11. Concept of the tree and wealth creation <ul><li>Wealth like a tree grows from a tiny seed . The first money you keep is the seed from which your tree of wealth shall grow. </li></ul><ul><li>And the more faithfully you nourish and water that tree with consistent savings, the sooner you may bask in contentment beneath its shade. </li></ul>
  12. 12. Concept of the tree and wealth creation (contd.) 2 3 <ul><li>Sow a seed (initial investment) </li></ul><ul><li>Careful nourishment and watering the seed (additional investment or frequent top ups) </li></ul><ul><li>Shade/Shelter (frequent and regular returns from your investment) </li></ul>1
  13. 13. 5 cures for an empty wallet/pocket <ul><li>“ (You can be academically rich but pocketicaly poor)” – f.k. Somuah </li></ul><ul><li>Begin by fattening your wallet </li></ul><ul><li>Counsel with wise men </li></ul><ul><li>Control your expenditure </li></ul><ul><li>Make your gold multiply(invest) </li></ul><ul><li>Increase the ability to earn </li></ul>
  14. 14. Begin by fattening your wallet (PAY YOUR SELF FIRST) <ul><li>Decide that a part of all you earn is yours to keep (10% rule) </li></ul><ul><li>Pay your self first, “your investment should be the first of your expenses” </li></ul><ul><li>Your pay is the amount you invest/keep not what your employer gives you. </li></ul><ul><li>Every money you keep is a slave to work for you. Every pesewa it earns is its child that can also earn for you. </li></ul><ul><li>If you would become wealthy, then what you keep must earn, and its children must earn </li></ul>
  15. 15. Study and counsel with wise men <ul><li>Seek the advice of men whose daily work is handling money </li></ul><ul><li>“ Money is one form of power but what is more powerful is financial education. Money comes and money goes, but if you have the education about how money works (financial education), you gain power over it and can begin building wealth.” – Robert Kiyosaki </li></ul><ul><li>“ The more you learn the more you know you don’t know” – f.k. Somuah </li></ul><ul><li>I love this proverb “Just a minute across the table with a wise man can save months and wise of reading books” </li></ul><ul><li>Learn to make your money work for you </li></ul>
  16. 16. CONTROL YOUR EXPENDITURE <ul><li>“ JUST A SMALL WRECK ON A SHIP WILL MAKE IT SINK” </li></ul><ul><li>Be mindful of the little expenses you make </li></ul><ul><li>“ Because of the little expenses, a small leak will sink a great ship.” - Benjamin Franklin </li></ul><ul><li>What do you spend your money on? Assets or liabilities </li></ul><ul><li>Assets – items that put more money in your pockets </li></ul><ul><li>Liabilities - items that take more money from your pocket </li></ul>
  17. 17. Make your gold/money multiply(Invest) and Increase the ability to earn more <ul><li>Who can tell me why the sea never dries up? </li></ul>
  18. 18. Why some people fail to create wealth/invest <ul><li>INADEQUATE KNOWLEDGE </li></ul><ul><li>“ When you know more about the world around you, you have more control. When you burry your head in the sand, you invite trouble. When you depend on others to manage things you do not understand, you are giving up self determination and others will take advantage of you.” ( Fred Siegel) </li></ul><ul><li>Procastination </li></ul><ul><li>“ Tomorrow is the greatest killer in the world”-(Robert Kiyosaki) </li></ul><ul><li>FEAR of losing money </li></ul><ul><li>F alse E vidence A ppearing R eal </li></ul><ul><li>Any other..........? </li></ul>
  19. 19. ◆ There will be A BETTER TOMORROW and A BRIGHT FUTURE Living in a bigger house…..Take a Luxury vacation …..buy a new car……Live debt free….or better education for your children…. ALL YOUR DREAMS WILL COME TRUE! Remember the dream you used to have…
  20. 20. S ome people are in the habit of saying “No” to all new opportunities. They feel they are protecting themselves, but they are also limiting the possibilities of what they can achieve. C onsider this piece of advice: when a new opportunity presents itself. If it arises that cannot possibly harm you and it could possibly be helpful to you in reaching your ultimate goal, then why not just give it a try? You’ll never know if an opportunity is just what you’re looking for unless you try it. When Hopes Meet Opportunity
  21. 21. Y ou have to start by doing something, so the first step is “Act.” It is better to do something than nothing. Those who start acting get results…those who don’t act don’t get much of anything. And don’t worry about doing it perfectly, just start by doing something. Remember “If it is to be, it is up to me.”
  22. 22. Congratulations on getting started now….Today will change your life forever!
  23. 23. OTHER BOOKS THE HOLY BIBLE 31 DAYS TO FINANCIAL INDEPENDENCE – by Rev Ogbarmey Tetteh ANY GOOD BOOK ON WEALTH, MONEY, INVESTMENT RECOMMENDED BOOKS
  24. 24. THANK YOU FOR YOUR AUDIENCE QUESTIONS PLEASE...
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×