THE BOLU OKUNADE CHANNEL!
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Welcome to the Bolu Okunade Channel!

It's our desire to see you take active steps towards acquiring limitless wealth.

Therefore, expect daily financial tips and many more from this channel
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#FoodForThought

When considering your financial future, it's crucial to consider why you want to be wealthy.

Take a moment to consider it.πŸ§˜β€β™‚οΈ

Do you wish to live a life of luxury? Do you wish to go on a trip? To dine in places? To get out of your 9-to-5 job?

It's critical, in my opinion, to think about why you want to be wealthy. If you don't, it's all too easy to get caught up in a never-ending quest for more money.

What are you striving for?

Ensure you find your WHY.

HERE ARE SOME TIPS ON HOW TO FIND YOUR WHY
🏡Set aside an hour and grab a notebook and pen.

🏡Write down your long- and short-term money goals.

🏡Notice any themes that emerge β€” are you focusing on arbitrary numbers (β€œI want to make a million dollars”) or do your goals reflect a greater purpose (β€œI want to travel internationally every year”)? Those larger goals form the foundation of your β€œwhy.”

🏡Next, take a look at your calendar β€” are you actively spending time working on your most important goals day-to-day?

🏡If not, adjust your schedule to include activities that will help you further your financial goals.

With these steps, you should be able to find out why you need to be wealthy.✨

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Feeling like you need 25 out of the 24 hour day? So did I. πŸ˜‚

There are a lot of things that we all would like to do, but in most days, we can only get around to doing so much.

Here are some ways of engaging in effective time management

🐾You need to take is finding out where your time actually goes you need to take is finding out where your time actually goes

🐾Set a time limit to each task.

🐾Use a to-do-list, but don’t abandon tasks.Take a rest regularly, rather than just when feeling exhausted

🐾Cut down distraction time.

🐾Focus on one task at a time

Mark Twain once said, "If it's your job to eat a frog, it's best to do it first thing in the morning. And If it's your job to eat two frogs, it's best to eat the biggest one first."

24 Hours is a enough to achieve great results in your life

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Show me a person’s spending, and I can show you what they love.😏

It all boils down to 10 β€œMoney Dials.” They’re called Money Dials because you can β€œtune” them up or down, just like a dial.

If you look at your own spending, what gets you excited?

❄️Convenience

❄️Travel

❄️Health / fitness

❄️Experiences

❄️Freedom

❄️Relationships

❄️Generosity

❄️Luxury

❄️Social status

❄️Self-improvement


Money Dials are an easy way to diagnose what you claim is important vs. what is actually important.

Identify yours todayπŸ’ͺ✨

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The latter part of my 7 billion naira contract experience goes out this weekens.

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According to James Salmons' Law of Expectations, "everyone have the capacity for wealth and financial success when they expect and plan for it."

It is one of life's fundamental laws that before we can achieve anything, we must first think that it is possible.

The Law of Expectation describes how our attitude towards money is.

Our financial future is determined by how we think about money. Whatever you expect to happen subconsciously will become your reality.

Remember, you can't anticipate money if you don't have a plan.

Expectations and preparation are inextricably intertwined.

Make the decision to become financially successful, create an effective plan, put your plan into action, act on it, and take baby steps every day until you attain your objective.

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Bill Gates is one of the world's richest individuals, but he didn't get there by accident.

Gates began in the business world with Traf-O-Data, a startup that attempted to handle and analyze data from traffic tapes (think of it like an early version of big data).

He attempted to commercialize the concept with the help of his business partner, Paul Allen. But the device was barely functional. It was a total flop.

However, the failure did not deter Gates from pursuing new options

A few years later, he launched his first Microsoft product, forging a new road to success.

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We all plan to give our children the finest things in life.

The question is how can you secure such a blissful future for them?

πŸŒ€It is critical to develop a financial plan: This does not imply that you must save every cent and invest all of your hard-earned money in the stock market and other growing assets. You want to enjoy your life as well as create money for future generations.

πŸŒ€Conscious spending: Determine your money dials (what you genuinely love spending your money on) and prioritize them by developing a deliberate spending strategy.

πŸŒ€Change your thinking about money: Changing your mindset about money can help you reduce financial anxieties and gain a handle on wealth management.

πŸŒ€Purchase life insurance: Life insurance is a terrific method to provide your family with a safety net in the event that you die unexpectedly.

πŸŒ€Begin a business: A family business may be a useful source of revenue as well as a valuable asset to pass down to future generations.

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THE FEAR OF MONEY😰

Chrometophobia is the extreme fear of money.

it encompasses everything from the fear of spending money and the fear of thinking about money, to even the fear of touching money.

Symptoms of chrometophobia

▢️Worrying about money to the point of illness

▢️Feeling powerless to manage your finances

▢️Refusing to handle money

▢️Counting your money constantly

▢️Struggling to convince yourself to buy necessities

▢️Withdrawing from activities you typically enjoy

How to overcome this phobia
▢️Make it a routine to keep tabs on your money
▢️Reach out to financial experts around you
▢️Initiate an autopay system
▢️Try to pay off all debt

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Russia !

Ukraine !

Biden! Putin! (We are not even hearing Ukraine’s presidents nameπŸ˜‚)

Long story short, today, around 4am gmt+1 (approximately), Russia invaded Ukraine, and plans to β€˜take over Ukraine’.

We hope a world war 3 doesn’t start.

Nonetheless, if it does, what can you do.

I went on a study streak of how to position yourself properly in times, I’ll share a few tips with you in this edition of my newsletter

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Once you know where you are, you can decide where you want to be.⁣-Robert Kiyosaki

Many people naturally progress through each type as they grow in skills, experience and portfolio.

However, identifying your investor personality makes you aware of areas you need to address to becoming a good investor.

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Forwarded from Okunade Boluwaduro
tHis weeks newsletter is out!

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Do you want to invest in any mutual funds?πŸ’Έ

There are somethings you need to know before you do so!

A mutual fund is a sort of investment that you can use to buy shares in several different securities at once.

To begin a mutual fund, the fund’s manager collects money from as many investors, each investor is awarded shares in the mutual fund based on the amount of money they invest.

Pros of Mutual Funds

πŸ’°Liquidity:
You can purchase and sell shares in mutual funds simply in the event that you need to access your cash immediately, making them a liquid investment.

πŸ’°A Variety of Options: There are thousands of mutual funds out there, each with its own investment philosophy.

πŸ’°Easy Diversification: To establish a broad portfolio without mutual funds, you’d need to buy dozens of different equities and bonds

Cons of Mutual Funds

πŸ’°Less Control Over Your Portfolio:
If you invest in a mutual fund, you’re depending on the fund manager to design a portfolio.

πŸ’°Cash Drag. Mutual: funds need to have some cash on hand to handle investors selling shares in the fund and to make new investments.

πŸ’°You can loose money: If the investments held in the fund decline, the mutual fund itself will also lose value.

Before you invest in any mutual fund, it's crucial to understand the advantages they offer as well as the disadvantages.

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Welcome to a new month!πŸ₯³πŸ₯³

May this month of March be filled with much blessings and advancement for you. πŸ™

This month, you will make much progress financially.

As always, we are rooting for you!πŸ’ͺ

Welcome once again to your money month and thank you so much for always choosing TradeWithBolu for your financial progress.


Ensure
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Yup! πŸ˜…

We also need to address our commitment issues ( some of you are wondering how your relationship commitment issues is having a ripple effect here tooπŸ˜‚)

Studies reveal that lack of commitment is one of the top reason people find it hard to attain their goals.


You must choose to be a good and wise custodian of your resources; making the money and managing it.

James. G Salmon's Law of Commitment says "Money is a trust that we must choose to manage wisely, productively and honorably for our own good, for our families, and for others.

The first step is to get really clear about what you want and why you want it.

The second step: Money making responds to how much value you can give: If you want to make more money, give more value.

The third step: Give yourself some time to grow.

The fourth step: Tracking both your earnings and expenses provides you a sense of ownership and responsibility

Commitment develops attraction which means you may actually be, do and have whatever you desire

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Since day 1
He was in the first set of students I trained
Showing a scary commitment level, trading more than the rest.
I took interest in him, gave him some more resources and training
In 2 year, he hasn’t just broken ranks in trading, but then, he has risen from being a student to the general manager at Tradewithbolu Online service

Today, I sleep with both eyes closed, Mijuu is in charge, zero concerns


Happy birthday Mijuu