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Business News of Friday, 6 October 2023

Source: www.mynigeria.com

Don't borrow to consume: 10 ways to become rich - Reno Omokri writes

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Author and motivational speaker, Reno Omokri has listed 10 habits Nigerians must possess to turn around their financial fortunes.

Omokri in a post on X claims that "If your focus is becoming rich, you will never be rich."

He stressed that breaking the bad habits that keep you poor is the only way to become rich.

"10 Habits To Turn Around Your Financial Fortunes. If your focus is becoming rich, you will never be rich. But if your focus is breaking all the bad habits that keep you poor, you will definitely be rich. Focus on your habits," he wrote.

Below is his list below:

1) Spend less than you earn
2) Don't spend impulsively or without planning
3) Have a budget and stick to it
4) Don't borrow to consume
5) Only borrow for investment, education, or health
6) Prioritize your needs, not your wants
7) Invest your capital and spend your profit
8) Follow your passion, not what is in fashion
9) Be generous to your future, not just the poor
10) Have a financial goal that motivates you