16. Never get lazy

Laziness is one of the greatest enemies of wealth creation.

Wealth creation requires the generation of valuable ideas as well as implementing them. These two steps give us the two types of laziness you should avoid.

·     Mental laziness- This kind of laziness is very dangerous. It is what many people suffer from. When you are mentally lazy, you fear thinking hard. You are never creative or innovative.

Wealth creation starts with a noble idea. An idea that is scalable and market-oriented. It should provide solutions to the world’s major problems.

Generating these ideas is not a walk in the park. It calls for mental hard work, dedication, focus, and will. This is not for the mentally lazy.

·     Physical laziness- After generating ideas, you need to implement them. Ideas that are never implemented can never create wealth for you.

If a person is physically lazy, they will generate great ideas but they will never give the necessary effort to implement them. Success calls for early mornings, late nights, 14-18 hours of working on your craft every day, 7 days a week, and 52 weeks a year.

If you desire success, make sure that you are neither mentally nor physically lazy. Both faculties have to put their best foot forward. This is how wealth is created.

17. Always pay yourself first

This is a concept that we will discuss later in-depth (How to pay yourself first).

Paying yourself first means investing before consuming. It means putting away money every month for investment even before you start consuming. This means that investment is a priority to you.

This way:

·     You will avoid consuming everything or spending more than you earn.

·     You will invest consistently without fail.

·     You develop a mindset of not valuing consumption over investment.

This is a concept that you must follow strictly if you are serious about wealth creation.

18. Avoid divorce

Divorce is very expensive. If you do not think so, ask Jeff Bezos. He parted with 34 billion dollars in divorce settlements.

I know many other people who pay almost everything they earn every month due to broken relationships or marriages. Child upkeep after divorce or separation can also be very expensive.

Keep this in mind:

·     Avoid getting children out of wedlock.

·     Solve family disputes amicably as soon as they happen.

·     Marry the right person from the word go.

·     Water your relationship with love every day.

Since divorce can rob you half of your wealth, it is important to avoid it at all costs.

19. Avoid expensive ceremonies

There are many ceremonies people deem as necessary but they are not. I am talking about weddings, birthday ceremonies, anniversaries, etc.

Even if you have to do them, keep the budget as low as possible. Private ceremonies are the way to go. They ensure that only quality friends attend. Such friends will always pay the cost back in one way or the other.

Many people drain their bank account just to finance a one-day wedding ceremony. Many even borrow money to make their wedding ceremony colorful. This is not financial intelligence.

Avoid ceremonies at all costs unless you are making money from them. They do not serve any economic good.

20. Never stop learning

The secret to wealth creation is to always keep learning. Numerous wealth-creating opportunities are hidden in books, blogs, videos, and audios.

Similarly, keep learning from your experiences. After all, experience is the best teacher. In all you do, just keep learning.

All successful people are learners for life. Warren Buffet can read up to 8 hours every day. Bill Gates reads a book every week. Mark Cuban reads 3 hours every day. Elon Musk taught himself everything he knows about space technology.

If you want financial success, just keep learning.

21. Never give up

Never give up. On the way to wealth creation, many challenges will make you feel like giving up. You must resist this feeling at all costs.

Winners are failures that never quit. This is the only difference between successful people and everybody else.

Even if you tried something and it never worked, do not give up, try something else, or the same thing differently. This is the only way you will create wealth.

Final thoughts on wealth creation

Wealth creation is never easy but it is also never hard. It all depends on how well you follow the rules. If you follow these 21 rules of wealth creation, you cannot fail to get what successful people got.

As we pointed out, wealth gives people options. Poverty only limits the life we can have. Get wealth and you will be much happier and fulfilled.