How to build long lasting wealth.

There is a slide difference between being wealthy and being rich; so it is more better to seek to build wealth than to stop at being rich. 

Now what is the difference between being wealthy and being rich?.

The difference between being rich and being wealthy is that: riches may last but there is also a tendency of loosing it overtime; time always bring changes and changes always come with unforseen financial changes too. Now you have 1 million naira in your account and let it be there; perhaps you go and buy a car, live richly but you have only one source of income; you have up to ten million naira today, you just let it be in your account without investing it in a business.

Whereas a wealthy man is a man that is first of all  rich, and then put forth his riches into assets, they withdraw their money from the bank and invest it on some things that would diversify their source of income, such that even if they have breakdown in their official source of income they'll still be fine with the other sources of income.

You cannot be called a wealthy man if you don't reach the level whereby, even if you don't work for a whole 1 year, you still be able to feed and take care of yourself and your family. 

Having said all these, now what can you do to be not just rich, but become wealthy too?.

1. Don't leave your money in the bank, but invest it.

2. Don't always buy things that are liability, but always buy or spend your money on the things that are an assets.

3. Don't always get complacent in your current level of earnings, but always seek to improve your earnings.

4. Always go for quality over quantity, as the sustainability of whatever thing you buy or do today would at the long run add to your wealths.

5. Don't leave an unfinished task or projects everywhere.

6. Invest more in landed property, than in things that can easily collapse like buying of cars for commercial transportation

7. Always have a full documentation of whatever project or property you own or buy.

8. Always desist from anything that is under probability, either you gain or you loose.

9. Always think long term and not short term.

10. Always study to meet changes that time would bring, so that you can meet the demands of the competitive world.