WARREN BUFFET`S SIMPLE MONEY SECRETS

Warren Buffet is the richest investor on planet earth and the only good investor there can be is the rich one.

Though very many people view investing as gambling, Warren buffet understands whatever business he invests in and these are some of the secrets to being a rich investor

Rich is a state of mind. Your beliefs are going to determine the way you perceive wealth, the decisions you make and the way you act towards it.

Success is about more than your bank balance. Success is doing what you love and doing it well-it doesn`t make a difference if you`ve got a thousand dollars or a billion dollars in the bank.

Spend less than you earn. You can`t possibly get ahead financially if you are spending more than your pay cheque.

Avoid consumer debt. It is a fool`s game to spend today so that you can work tomorrow to pay it off. It is a losing proposition because one day your working days are going to be over but the debt is still going to be hanging over your head.

You are who you associate with. We are all influenced by the people we spend our primary time with. If you aspire to achieve financial security then you need to find the right people to encourage this.

Gambling is a fool`s game. Trying to hit a home run with your money every time is losing a proposition with long term consquences.

Give back to the community. They say that to have more you need to give more. In 2006, buffet announced that he was giving away over $30 billion to the Bill and Melinda Gates foudation, making the largest charitable donation in history.

Generosity and abandance go hand in hand. Generosity with your time, money, with your resources are great virtus to have, so always seek to pay it forward and to help others achieve what they want from life.

Comments

Starting a Business in Ugand PART 1-COMPANY REGISTRATION

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Uganda. It examines the procedures, time and cost involved in launching a commercial or industrial firm with between 10 and 50 employees and start-up capital of 10 times the economy's per-capita gross national income. This information was collected as part of the Doing Business project , which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 190 economies. The most recent round of data collection was completed in June 2016. Standardized Company Legal form: Private Limited Company Paid-in minimum capital requirement: UGX 0 City: Kampala No. Procedure Time to Complete Associated Costs 1 Submit the Name Reservation Form to the assessment window of t...

ahabwecollins.blogspot.com

The 18 Uganda Business Registration Procedures In Uganda

Reserve your company Name at the Registrar's office. Duration 2 days and Cost UGX 25,000 To reserve a company name, the Investor files a company name request at the Office of the Registrar. A clerk conducts an automated search and forwards the application to a staff lawyer. The Registrar reviews the application and, if the application is approved, returns it with the assessment, which the Investor takes to the bank. Upon paying the fee, the founder receives a receipt that is used to complete the name reservation. Pay registration fees at the bank. Duration 1 day You need to make all non-tax payments to government agencies at a bank. Obtain the necessary incorporation and Tax registration forms from the Uganda Bookshop. Duration 1 day and Cost UGX 5600. The fees for each of the required incorporation forms are as follows: Statement of nominal capital: UGX 500. Declaration of compliance with the requirements of the Companies Act (Form A2): UG...

ahabwecollins.blogspot.com

THE GAME OF MONEY(WHO IS INDEBTED INTO WHOM)

The name of the game of money is 'who is indebted into whom'. the more people you are indebted to the, the poorer you are, and the more people you have indebted to you, the wealthier you are. that is the game. W e are all indebted to someone else, the problem occur when the debt gets out of balance. Unfortunately the poor people of this world have been run over so hard by the game, they often can't get deeper into debt. If you have too much debt, the world takes everything you have.........your time, your work, your home, your life, your confidence, and then they take your dignity if you let them. The biggest reason why everyone is in debt is because money itself is debt, our currency is not an instrument of equity, but an instrument debt. Every shilling is backed by an IOU guaranteed to be paid by the taxpayers of the issuing country. As long as the world has confidence in in the Ugandan taxpayer to work and pay for the IOU called money, the world will have confidenc...

ahabwecollins.blogspot.com

Ahabwe Collins

Search This Blog