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13 September 2023

If you say ‘no’ to these 7 things, you will live a more fulfilling life.

Today’s world is full of many options, it is easy to say yes to everything and get lost in busyness.

We are all on the lookout for ways to live a satisfying and more fulfilling life.

Warren Buffets key to success: ‘say no to almost everything’ is one of the keys to living a successful, rich and wealthy life.

The key to success like warren buffet will be your ability to prioritize and use your time wisely.

If you want to make the most of your time, you have to say ‘no’ to people and opportunities that don’t directly benefit you, professional or business growth.

‘The difference between successful people and really successful people is that people that really successful say ‘no’ to almost everything,’ Buffet said

There are many things, situation and opportunity you can say no to. Below are few of the things you can say no in order to be really financial successful

  1. ‘no’ to spending money you don’t have.

To be financially stable and live a successful financial life you have to say ‘no’ to spending money you don’t have.

No matter the temptation or the ease of credit, never spend money you don’t already have.

Never count your chickens before they are hatched.

Wait until they cash is in bank or in hand before spending it.

  2. Say ‘no’ to spending more than you earn.

I wonder who you are trying to impress. In the book the millionaires next door, one of the millionaire studied said, you are not what you drive.

To live financially sane, you must find ways to live below your means.

The surplus generated by your conscious spending patterns can then be invested in income producing assets.

Spend less than you earn and let this decision become a habit.

3. Say ‘no’ to eating all your seed.

The Ant is always preparing for the rainy day, keeping a portion of his supply for the future.

God, who provides seed to the sower and bread to the eater, also tells us to learn from the ant. The ant thinks of winter all summer.

The ant understands the seasons and that prosperity gives way to recession and vice versa and so prepares as much.

Be like the ant, apply the joseph principle, keep a fifth of your grains in the season of plenty for the day of scarcity.

The day of scarcity will surely come but be prepared like joseph and you will live in plenty even at a time of scarcity.

You can open an emergency fund, keep an opportunity fund, or build a wealth portfolio of assets always liquid to pounce on opportunity when they appear.

4. Say ‘no’ to impulse purchases.

Warren buffet is quoted as saying ‘if you buy things you do not need, soon you will have to sell things you need’.

Most of us are guilty of accumulating unnecessary stuff partly out of impulse buying.

Do you really need that expensive item when you can make do with what you now possess?

Delay gratification for a few days and see within yourself whether you still want that stuff. Often times that impulse will wane away.

Let’s think on things.

5. Say ‘no’ gambling, sex and drugs.

Gambling is a tax on ignorance; no one has really gotten truly rich by gambling.

Gambling is like sowing seed on dry ground; in the ends it ruins the gambler.

The only people that win in gambling are the gambling operators .

Stay away from gambling and invest your time and money in acquiring financial education.

Same also goes for sex and drugs; it’s a wasteful behavior that never satisfies.

Sex is like a bank that only collects money and never pays interest, a sinking pit of filth.

Drugs are attack on your sound mind. Stay away and use the money to nourish your brain with nutritious food and your mind with great books, training, podcast etc.

6. Say ‘no’ to financial ignorance.

The opposite of financial ignorance is financial education. Learn about budgeting, saving, investing, retirement planning etc.

Seek to understand how the market works and how money is made.

You should know the difference between an asset and liability and between salary and profit.

Try and understand risk and reward when it comes to investing.

The best investment anyone can make is in his own personal financial education.

7. Say ‘no’ to debts.

A debtor is a slave to the lender. Many people say debts are the modern day evolution of slavery.

Debts taken out for consumption should be discontinued and the creditor owns your future income for as long as you remain indebted.

Whatever eats at your peace of mind is the enemy, do everything to avoid debts.

Stay debt free and begin to build your own financial infrastructure one day at time.

It is possible

Bottom line

Financial freedom is possible to all that embrace financial wisdom. The success is in applying self-control to the demands on your resources and your time. Simply saying ‘no’ cuts off the non-essential items in your life and provides you time to focus on the things that truly matter to you.

If you apply even one of the principles mentioned here, you should be assured that you are on your way to financial independence.

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