2. Equip Yourself For Economic War – Education is the most lethal weapon to win the war against Economic colonization. Education gives you a skill that you can sell in exchange for remuneration. The more you know, the better you understand. It’s very important to know how money is made and managed. Financial Literacy is a must
3. Embrace Capitalism - Capitalism generally refers to an Economic System in which the means of production are all or mostly privately owned and operated for profit, and in which, investment ,distribution ,income ,production and pricing of services are determined through the operation of a market economy. This is a system that Africans should implore and habituate as this is the road to financial freedom.
4. Manufacture Products (Be a Seller, Not Just a Consumer) – the moment a nation is able to produce products and sell them, it means that there is an opportunity for income to come into that country. Consuming and importing only means there is financial outflow of cash. Money in is far better than money out. If it goes out, let it circulate within your business community.
5. Implement Spider web Doctrine - When that dollar comes into your African community, rather than going outside to spend the money to buy from other communities (importing), the Africans should spend their money buying from themselves and supporting each other’s businesses thus building the community. Charity begins at home
6. Build Wealth – create a personal means for income to be generated for generations to come (passive
Income) leave a legacy and not debt
By Wilbert Chaniwa
Founder
Nexus Business Network
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