How to Create Wealth from the Scratch

After my last post on How to Join the Billionaires Club, I received quite a number of commendations from friends, some of whom along the line expressed some reservations. One of them, Jeff Maduka, from Nigeria, remarkably pointed out that, although the article was an awesome piece, he feels that to reach the lofty status of a billionaire, “one’s background and society is of the essence.” He was also quick to point out that some of the names I cited as case studies had some form of “basic education” as well as came from “upper class” families, which was some sort of leverage for them financially. So he questioned the possibility of poor citizens making it to the billionaires list in the absence of basic education and some sort of financial wherewithal, especially in Africa, with Nigeria as case study.

          Well, the truth is that, even the poorest of the poor can make it to the top with a great deal of effort and determination. As for basic education, that has been covered by the ongoing implementation of the Universal Basic Education. So poor citizens can leverage on this and go all the way to High School (Secondary School). And at the conclusion of High School, those with excellent grades can as well make it to University through scholarship. There are quite a good number of scholarship schemes from multinational companies doing business in Nigeria. That settles the aspect of basic education.

          With dedication and clear focus, a serious minded ambitious person has no excuse not to make it. To succeed, he/she must do some self check and provide answers to these questions:

1.      What do I really want in life?

                                                                                     

2.      What do I have passion for? 

3.      What can I do effortlessly?

 

4.      Do I have the requisite competence to succeed in my field of passion?

5.      If what I have passion for requires hands-on training, how do I get trained free of charge since I’m poor?

6.      If what I have passion for does not have value-adding potential, how do I turn it into one?

7.      Is there a viable market for my idea?

 

8.      What is the market value of my idea? 

          These questions are the basic ones. You must have a defined vision of what you want in life. You must be passionate about what you want to venture into; do not go into any venture simply because you were told that the venture is a goldmine. If it is not what you can do effortlessly, look for something else. If you do not have the requisite competence, get trained. If you do not have money for the requisite training, look for an outfit that are into your line of vision and volunteer to work for them free of charge. From there, you can develop yourself and learn along the line. If what you’re passionate about does not have value-adding potential, think of how to turn it into one. Do your analysis and make sure the venture you want to go into has a viable market. Of course, you should know the market value of what you want to embark on.

 

          With these few points, I wish you success as you make your way to the top.

***

If you’ve not subscribed for our updates on new articles, remember to follow us by submitting your email address on the box before the homepage to stay updated on our posts.