Six powerful principles of wealth creation (2024)

Wealth is the product of man’s capacity to think. Wealth is different from riches and riches are parts of wealth. Wealth is made up three parts, which are:

• Health: This is consists of spiritual, emotional, physical, and mental.
• Cashflow and Riches: This includes savings, investments, and your earnings or revenue.
• Power: Inclusive of spiritual and temporal influence.

It is important to understand that there is a huge difference between “wellbeing” and “being well off”. Wellbeing is identical with wealth while being well off is identical to riches. Wealth and riches are not one or the same thing. Being wealthy is not about money; being wealthy is about value and essence.

Wealth is also as a result of the function of your network. Your network determines your net worth. The quality of the value you provide and the quality of your relationships ultimately determines your net worth. To determine your net-worth, you need to ask yourself questions like – What solutions do I provide? What problems am I solving? The more problems you solve, the wealthier you become – Lanre Olusola

The wealthiest set of people in the world such as Bill Gate, Carlos Slim, Warren Buffett, Amancio Ortega, Mark Zuckerberg, Aliko Dangote, Oprah Winfrey, Folorunsho Alakija; are where they are today because they understand the following powerful principles of wealth creation.

1. PRINCIPLE OF INTENTION:
You need to have a personal will to conquer the world in your chosen fields of endeavour. You need to be intentional about creating solutions to problems, creating value as well as creating wealth. You need to ask yourself these questions – Do I have a personal will to succeed? Do I have a personal will to become wealthy? What personal mandate and command drives me? Your answers to these questions will give you insight on how intentional you are to create wealth.

2. PRINCIPLE OF ATTENTION:
Wealthy people have identified their specific fields and they have remained there consistently over the years. These people are attentive, focused, and sensitive to problems and they are also looking for the most sustainable way to create solutions through their spheres of endeavour. They have not gone outside of their field to provide solutions to other problems. They have stayed, given attention and have remained focused within their identified fields. Many focus on their challenges and miseries rather than their ambitions and opportunities. Also, avoid everything that weakens you and only give attention to those things that strengthens you.

3. PRINCIPLE OF ENERGY AND PASSION:
Wealthy people have identified their areas of passion and have committed their energy to it. Many lose their energy to negativity and many have lost their passion. Where do you waste your energy? What are you passionate about? What do you do that you never seem to get tired of? What is it that you do most naturally and you don’t have to struggle? What is it that you love? Focus therein, because therein lies your wealth. Stay focused on that area and give all your time, energy and attention there. Your energy flows where your energy grows.

4. PRINCIPLE OF BELIEF:
Wealthy people are driven by their conviction and core belief. This is what propels them in business and personal success. You need to believe in yourself, in your dreams as well as solutions that you were born to solve. If you do, you need to remain in it, because it is your passion and belief that will get people to believe in you and invest in you. You also need to have a healthy self-esteem in order to have that conviction and belief in yourself.

5. PRINCIPLE OF GROWTH:
Wealthy and successful people have identified their personal skills and competencies over the years. They have grown from who they are to whom they have come to be and they have lived their lives consistently with the attitude of growth and learning. If your wealth is not growing, it is already dwindling.

What areas of your life do you need development? What areas of your life do you lack the competencies to grow and to become the wealthy person that you want to be? What kind of personal development is best for you? You must also constantly grow and learn for yesterday’s knowledge or revelation could be obsolete for today’s lifestyle. Your result and outcome in life will expand only at the same rate as your personal growth. If you are not growing, you are dying.

6. PRINCIPLE OF SERVICE:
This is the action of serving, helping or benefitting another. It is defined as the behaviour that is conducive to the welfare or the advantage of another. “We make a living by what we get but we make a life by what we give” – Winston Chrurchill. Service is something done not for yourself but for the benefits of another person. It is the provision of facilities to meet the needs or for the use of another person. “Not he who has much is rich, but he who gives much away” – Erich Fromm. For you to become successful or wealthy in life you must be willing to serve; and that service is not to you but to other people. Just like in the game of Table Tennis, those who serve well win easily and those who do not serve well, end up losing. Wealthiest men in the world attained this position as a result of setting up businesses and developing products and services that provides service to humanity.
“You are not wealthy until you have something money cannot buy” – Garth Brooks

SUMMARY OF THE POWERFUL EFFECTS OF THE SIX PRINCIPLES:

• Intentions connect your wealth desires and goals to the field of possibilities.
• Attention keeps your wealth desires and goals linked to your possibility field.
• Energy and passion powers and empowers your wealth desires and goals
• Belief manifests your wealth desires and goals.
• Growth keeps and increases your wealth desires and goals and ultimately, it ensures sustainability.
• Service brings more wealth and creates satisfaction and more achievements.

For Financial Coaching or to order the Money book and Financial Mastery Pack by Olusola Lanre, kindly contact info@olcang.com or call – 08077077000.