3 Investment Lessons From Aliko Dangote That Will Increase Your Income

3 Investment Lessons From Aliko Dangote That Will Increase Your Income

It’s no longer news that Aliko Dangote is the richest black man in the world. He achieved this feat not by taking a job in a high paying company for thirty to thirty five years as the case may be, but by making investments. When it comes to the topic of investing therefore it is only fitting to take lessons from those who’ve been there, done that and have billions to show for it. None in Africa comes before Dangote in terms of successfully reaping huge returns from money invested.

If you can learn a few lessons from Dangote that will increase your income and put you in a position where others can look up to you for advice as a successful investor wouldn’t you do it? And this is especially so if you are still looking to invest or have already made some investments but look forward to making more and growing them to a level where you can be counted among the wealthy few.

Dangote certainly didn’t arrive where he is by accident or by mere luck. He has applied certain principles that have enabled him to rise steadily to the top. Fortunately, he has been gracious enough to share some of these principles and how he applied them as valuable lessons for others who may wish to achieve similar results. Let’s get right into the lessons.

Lesson #1: Make Investing a Priority

“If you give me $5 billion dollars today, I will invest everything here in Nigeria”.

-Aliko Dangote

Did you just see that? Dangote says he will invest everything, everything. To Dangote, the first thing to do with the money when he receives it is to invest it. Ask most other Nigerians struggling with their finances what they will do with a five billion dollar gift and not many, if any, will tell you they will invest everything.

Investing has to become a priority for you if you want to increase your income on a consistent basis. You cannot continue to spend all your money on things that do not bring you any money in return and expect the money to keep increasing. You must begin by investing in the acquisition of investment knowledge.  You can do this by constantly making investment research and by attending investment seminars and workshops such as the ones organized by Today’s Leaders Consulting, to acquire the necessary investment knowledge that will provide a solid foundation for success in the investments you choose to make.

Lesson #2: Invest Now!

“Invest now, before it’s too late”.   – Aliko Dangote

When you have made investing a priority, you have to follow through and invest. You have to begin to seek out investment opportunities that will take you to your financial goal. They will not fall on your lap from nowhere. You have to seek them out. And then start investing.

Dangote had to start out by investing in the cement business. After making that investment, the rest as they say is history. Imagine if he did not make that first move. We probably won’t be talking about him today. There is no lecture, book or discussion about success in any area of life that is complete without pointing out the importance of taking action. And the time to take action and invest is now, not tomorrow. The sooner you start, the sooner you can start making money to increase your income.

Lesson #3: Be in it for the Long-Term

“I built a conglomerate and emerged the richest black man in the world in 2008 but it didn’t happen overnight. It took me thirty years to get to where I am today”. – Aliko Dangote

This is absolutely crucial. Every successful investor has had to endure down times. If you are willing to quit any time you lose money then you are not ready to be an investor, yet. You need to make up your mind to invest in good times and in bad times. Make investing your lifestyle. You have to decide that come rain or shine, you will not quit. Initially you will not have it easy. That’s normal. Even Dangote didn’t.

The good news is if you keep your own part of the deal, life always pays. Dangote is reaping the fruits of his efforts now, and so will you if you keep investing for the long-term and never stop. You will get to a point your income will begin to increase daily, even when you stop actively working.

Now over to you

What is the biggest investment lesson you have learnt from Aliko Dangote that you think if anyone adheres to will increase their income? Share your thoughts in the comments section below.

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