1. TAKE CALCULATED RISK:
Every venture that will make us money carries with it some amount of risk. We cannot escape it. The challenge is how to minimize the risk. Taking calculated risk means taking into consideration, how much you want to invest, knowing the ripe time to enter and the time to exit.
2. SAVE AND INVEST:
This is time tested strategy that can make anybody, no matter your income level, to be financially independent. With the time value of money and the power of compound interest, you will see a small consistence saving invested overtime transforming into a fortune.
3. SHOP FOR VALUE:
Buy only that which has value for your money.
4. MINIMIZE YOUR EXPENSES:
Buy only what is neccesary and avoid living on luxury. Avoid consumer debt. You can borrow to buy asset, but don't borrow to buy liabilities.
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