Quote of the Week: "Once you become fearless, life become limitless."~ J.C.

wealthy traitsWhile rich people may create wealth in a variety of ways, they have a few things in common. A few traits that help them accumulate wealth and attain financial wellness. These traits are not inborn, they are cultivated habits that anyone can learn:-

1. Goal Oriented

Wealthy people work towards goals, both short and long term. In most cases, the goal is not money but something they are passionate about. When you have a goal, you have a sense of direction. It is the foundation of every other trait in this list. 

2. Patience and Persistence

The path to wealth is not straightforward. There is no such thing as an overnight success. Rich people know that one needs patience to reach their goals because things will not always go your way. Once in a while, they will not work out and that is where persistence comes in, you should not give up every time you fail. 

Thomas C. Corley, the author of "Change Your Habits, Change Your Life", studied the lives of 177 self-made millionaires over the course of five years and wrote the following in his book "Twenty-seven percent of the self-made millionaires in my study failed at least once in business and then they picked themselves up and went on to try again. Persistence makes you unstoppable. Persistence allows you to learn what doesn't work and continuously experiment until you find what does work. Persistence is the single greatest contributor to creating “luck”, those who persist, eventually get lucky.

3. Discipline and Focus

You will need razor like focus to attain your goals. You will face a lot of distractions along the way and how you overcome them will determine your success. 

Focus goes hand in hand with discipline, if you are disciplined, you will be able to focus. A lifetime plan will need a disciplined strategy and execution. If you don’t have the capital necessarily to get started, financial and personal discipline will see you save enough to get the money you need.

4. Risk-Taking

You do not get wealthy by always playing it safe, fortune favours the bold. Do not be afraid to make big moves, but do not make them blindly. Before committing your time and resources, do research, be prepared, know the market, the target customers, competition and everything in between.

As you take risks, remember to cover yourself and your loved ones. This is why emergency savings are indispensable. They will ensure you do not struggle in the short-term if things do not work out as expected. Start building your emergency savings today

5. Hard Work

Working smart is not a substitute of working hard. It only compliments your industry. If you work hard AND smart, you will be unstoppable. 

Conclusion: How many of these traits do you possess? Your personality affects your finances more than you can imagine. Working on your personal traits is the first step to achieving the financial wellness we all crave. The most important thing is to remember this is a lifelong journey and not tomorrow’s destination.

You can send your comments or questions to This email address is being protected from spambots. You need JavaScript enabled to view it. , or WhatsApp us on 0733-111106, or visit our offices at Ecobank towers, 7th floor, Muindi Mbingu street for more information on personal financial planning. You can also follow us on Facebook and twitter @ZimeleAM.

Quote of the Week: "Once you become fearless, life become limitless."~ J.C.

wealthy traitsWhile rich people may create wealth in a variety of ways, they have a few things in common. A few traits that help them accumulate wealth and attain financial wellness. These traits are not inborn, they are cultivated habits that anyone can learn:-

1. Goal Oriented

Wealthy people work towards goals, both short and long term. In most cases, the goal is not money but something they are passionate about. When you have a goal, you have a sense of direction. It is the foundation of every other trait in this list. 

2. Patience and Persistence

The path to wealth is not straightforward. There is no such thing as an overnight success. Rich people know that one needs patience to reach their goals because things will not always go your way. Once in a while, they will not work out and that is where persistence comes in, you should not give up every time you fail. 

Thomas C. Corley, the author of "Change Your Habits, Change Your Life", studied the lives of 177 self-made millionaires over the course of five years and wrote the following in his book "Twenty-seven percent of the self-made millionaires in my study failed at least once in business and then they picked themselves up and went on to try again. Persistence makes you unstoppable. Persistence allows you to learn what doesn't work and continuously experiment until you find what does work. Persistence is the single greatest contributor to creating “luck”, those who persist, eventually get lucky.

3. Discipline and Focus

You will need razor like focus to attain your goals. You will face a lot of distractions along the way and how you overcome them will determine your success. 

Focus goes hand in hand with discipline, if you are disciplined, you will be able to focus. A lifetime plan will need a disciplined strategy and execution. If you don’t have the capital necessarily to get started, financial and personal discipline will see you save enough to get the money you need.

4. Risk-Taking

You do not get wealthy by always playing it safe, fortune favours the bold. Do not be afraid to make big moves, but do not make them blindly. Before committing your time and resources, do research, be prepared, know the market, the target customers, competition and everything in between.

As you take risks, remember to cover yourself and your loved ones. This is why emergency savings are indispensable. They will ensure you do not struggle in the short-term if things do not work out as expected. Start building your emergency savings today

5. Hard Work

Working smart is not a substitute of working hard. It only compliments your industry. If you work hard AND smart, you will be unstoppable. 

Conclusion: How many of these traits do you possess? Your personality affects your finances more than you can imagine. Working on your personal traits is the first step to achieving the financial wellness we all crave. The most important thing is to remember this is a lifelong journey and not tomorrow’s destination.

You can send your comments or questions to This email address is being protected from spambots. You need JavaScript enabled to view it. , or WhatsApp us on 0733-111106, or visit our offices at Ecobank towers, 7th floor, Muindi Mbingu street for more information on personal financial planning. You can also follow us on Facebook and twitter @ZimeleAM.

While rich people may create wealth in a variety of ways, they have a few things in common. A few traits that help them accumulate wealth and attain financial wellness. These traits are not inborn, they are cultivated habits that anyone can learn:-
 
1. Goal Oriented
 
Wealthy people work towards goals, both short and long term. In most cases, the goal is not money but something they are passionate about. When you have a goal, you have a sense of direction.It is the foundation of every other trait in this list. 
2. Patience and Persistence
 
The path to wealth is not straightforward. There is no such thing as an overnight success. Rich people know that one needspatience to reach their goals because things will not always go your way. Once in a while, they will not work out and that is where persistence comes in, you should not give up every time you fail. 
Thomas C. Corley, the author of "Change Your Habits, Change Your Life",studied the lives of 177 self-made millionaires over the course of five years and wrote the following in his book "Twenty-seven percent of the self-made millionaires in my study failed at least once in business and then they picked themselves up and went on to try again. Persistence makes you unstoppable. Persistence allows you to learn what doesn't work and continuously experiment until you find what does work. Persistence is the single greatest contributor to creating “luck”, those who persist, eventually get lucky.
 
3. Discipline and Focus
 
You will need razor like focus to attain your goals. You will face a lot of distractions along the way and how you overcome them will determine your success. 
Focus goes hand in hand with discipline, if you are disciplined, you will be able to focus. A lifetime plan will need a disciplined strategy and execution. If you don’t have the capital necessarily to get started, financial and personal discipline will see you save enough to get the money you need.
4. Risk-Taking
 
You do not get wealthy by always playing it safe, fortune favours the bold. Do not be afraid to make big moves, but do not make them blindly. Before committing your time and resources, do research, be prepared, know the market, the target customers, competition and everything in between.
As you take risks, remember to cover yourself and your loved ones. This is why emergency savings are indispensable. They will ensure you do not struggle in the short-term if things do not work out as expected. Start building your emergency savings today. 
5. Hard Work
Working smart is not a substitute of working hard. It only compliments your industry. If you work hard AND smart, you will be unstoppable. 
 
Conclusion: How many of these traits do you possess? Your personality affects your finances more than you can imagine. Working on your personal traits is the first step to achieving the financial wellness we all crave. The most important thing is to remember this is a lifelong journey and not tomorrow’s destination.