﻿HOW TO INVEST LIKE ALIKO DANGOTE IN 2022 Aliko Dangote is Africa’s wealthiest man but
have you ever wondered how his meteoric rise came about? Yeah I’m sure you’ve heard the story of the
$3000 loan he obtained from his uncle and started his business and presto instant billionaire right?
Well or so you thought. You see Aliko Dangote didn’t hit the jackpot at some casino or have
plain dumb luck in investing his money. In fact, that’s far from the case, I mean you can’t just
make a billion dollars without a emm how should I put it… formula a winning formula so buckle
up my friends and let’s delve in deep into the formula that makes Dangote’s Billions for him.
Essentially top tear business investors like Aliko Dangote, Mike Adenuga or Tony Elumelu use
a what I, my friends, like to call the five step secret formula to investment royalty.
If you wish to enjoy this luxury it’s accessible and open sourced in fact what most people think is
hard and strenuous all boils down to a few key investments strategies and to be honest guys,
it’s not rocket science they’re all tips you can apply easily to your life and simply live
the benefits of a greater portfolio. And of course at number one it absolutely has to be;
Invest in yourself : I know… I know… you’ve probably heard this one like a million times
before but to be honest there’s no other place I’d rather start from. This is due to the importance
of this first step and once you get it right you’re good to go but get it wrong and it gets
sour real quick that’s why I’m here to make life much easier for you and get you to where you need
to be do trust me on this when I say you’re going to want to invest in yourself because you’re only
ever as important as the value you add. And yes that’s absolutely right you heard me correctly.
If you truly want to make your mark on this world or maybe you just want to make a difference in the
world then you need to invest in yourself as much as you can but how exactly do you do that? Well
take it from the king of investments himself, Mr. Warren Buffet who said in a CNBC interview
“Anything you do to improve your own talents and make yourself more valuable will get paid off in
terms of appropriate real purchasing power”. So in essence what our good friend Mr. Buffet was
alluding to was the fact that the business path you eventually take is not relevant or isn’t as
relevant as the growth and improvement you need to bring into your life and business to
make it flourish. Let that sink in for a bit… now, investing in yourself could consist of a myriad of
things you can do, it could maybe taking an online course to improve on any skill your planning to
build a business around or simply fundamentally having more confidence in expresses your ideas
and working to bring them into the lime light of reality. One key aspect you also need to bare in
mind and which our good friend Aliko Dangote personally endorses is to invest in not just
yourself but your team as well. He even stated that he has invested in his team so much that
they can’t begin a project and not finish it. Reasons for their back to back successes so
far. When it comes to business there’s no I in team you can’t go solo it’s simply a dead end.
Now, that we’ve established the all important first step it’s apt we look into the other stuff
success is made of cause here come number two; Invest in what you understand: Now, investing in
what you understand might seem pretty vague to some people but trust me it fundamentally just
means having information on the business your about to invest in for example crypto is the new
hype of our times and many youngsters are making a killing out of it but for the more reserved older
millennials or people of an older age group it’s unchartered waters on many fronts and it would be
wise for anyone who wishes to get involved to have as much information as they can about
say, blockchain, NFTs and so on. In 2012 our good friend Aliko told MTV
Base in an interview that he’d never invested anything at all in what he didn’t fully understand
as a good investor your main objective is to minimize risk and capitalize on opportunity forget
the jazz about no risk no pay. I can personally vouch and say that an investment doesn’t have
to make a killing it just doesn’t have to lose you money and that’s fine. In this crazy mayhem
of investing the key decisions you make have to be long term and these decisions are going to
come fast and paced every minute than the entire population of Qatar all being run algorithmically
and at speeds up to the nanosecond. According to Forbes, the more information you have about
finance as a whole and personal finance the more security you’ll have as you minimize risks.
And enjoy only the spoils of investments. Even J. P. Morgan the great financier understood my
second rule of investments and kept pushing in his investments despite the setbacks that occasionally
came and went as you would have with investment. Learning in any case is an unending process and
money howbeit is constantly evolving, but trust me my friends these fundamentals sty the same.
Get yourself educated on how stuff works and become a master of stuff, get your self educated
on the investment you wish to make and become a master of it. Again, it’s not rocket science.
Now that we’ve established ourselves easily into the first two of my five step formula,
gear up cause here comes number three; View money as a long term goal: Here investments
are sort of like a seed that grows to yield capital gains and as such they require planning
and execution to the details as much as any other seed requires in other to yield tangible results.
Ever heard the saying, “ Someone’s sitting in the shade today because someone planted a tree a long
time ago”? well that couldn’t be more true as investments could be seen as a decision to place
your money long term where you feel it could grow the most over a certain period of time. If you’re
thinking of going short term and making a killing instantly on investments then my dear friends you
couldn’t be more wrong. There’s of course always the dangerous effect I find in thinking short term
when it comes to investing money, that’s a mindset that blinds many investors and keep
them in a rat race. They’re thinking if I can just get this break or if I can just double my
weekly or monthly income somehow… well that’s what makes the rich and famous different it’s the
fact that they aren’t at all motivated by money. Yes, I said it money isn’t their main motivation,
which may sound strange to the untrained ear. However to people who understand wealth
I.E those with the vast majority of it in the first place, they speak on a very different tone
when it comes to money take for example Mr. Mike Adenuga, one of Africa’s most influential tycoons
who says the key to understand the transitions of how money evolves is to plan long term.
You see a good investor is completely in control of his money. He doesn’t rush to make decisions
on what he owns he needs not be overly anxious about the outcome of a certain business engagement
because fundamentally is a numbers game and as long as you play your cards right,
you’re guaranteed success. So what’s my advice to you today? Well that question
can be answered easily by saying once you have enough information about an investment
you’re willing to make you invest in it without necessarily focusing on details
such as market volatility and in the case of real estate you can invest without entirely focusing on
the current location or even in the new and buzzing cryptocurrency world. Whatever your
investment portfolio maybe the prime focus should be on long term returns rather than short term
gains. Once you master this then it’s safe to say you’re well on your way to making those billions
and to make matters more interesting, get set as we’re about to move to step number four;
Give back to the world: ok, I know what you’re about to say.
You think I’ve lost it and I couldn’t possibly be serious,
I mean how is giving away the money you earn supposed to be an investment strategy right?
Well I’ve got news for you. Giving back doesn’t mean you desperately care about orphans or want
to sponsor some aid organization that would be fueling the already corrupt industry
however there’s a saying that goes, if you can’t beat them join them. My friends the sad truth is
these days billionaires don’t start a charity or donate to one out of the kindness of their hearts
our because of they want to help anyone other than themselves of course. You see it’s all a guise,
a sham they want you to believe than they’re committed to helping other whereas the truth
is when it come to investing it doesn’t really matter who holds your money and if that being
the case your money is held by a charity it doesn’t mean you lose control of what the money
is used for with the added benefit of not paying taxes on that donated income and given the fact
that they don’t have to pay those taxes to the government which makes it impossible for them
to control the wealth they’re giving away, they’d much fund charities where they have
full control of the money they fund in plus the government rewards them for doing so.
Take for example in south Africa, if your spouse needs to travel a lot you want them to travel for
free simply donate to a charity or foundation which buys the aircraft or vehicle tax free.
Under this clause you pay zero in taxes for any purchase made under the guise of a charity.
Long story short once you’ve earn some cash, normally you’d be taxed higher and in other
to avoid funding the government of your hard work you have to some pretty clever means by which you
can avoid such a scenario and there’s none better or at least none that I know of than charities.
If you thought you could be a billionaire and a saint at the same time then I’m sorry
cause that world doesn’t exist. Billionaires are opportunists and they take advantage of
any one and anything to gain business leverage that’s where the phrase “ it’s nothing personal,
it’s just business” gets coined from. So after my fourth step I can already see you owning that
billion dollar hedge fund stock but don’t get too exited as we have one more step to go through.
Hold on to whatever you have cause the tempo is about to rise. Here comes number five;
Understand your environment: if you’re watching this video then chances are you’re African and
specifically west or east African. So let’s take the example of Nigeria which represents some of
the most complex investment environments in Africa and it’s of course the home country of our good
friend Mr. Aliko Dangote. As the old saying goes “ while in Rome, do what the romans do”.
this statement couldn’t be more true as to be a good investor especially in Africa you
need to understand the business dynamics of the continent something our good friends Adenuga and
Dangote have mastered to their fingertips. Here quite a few things would seem off or out of tune
with the conventional way business and investments unfold. For instance if you are planning on buying
some land in Nigeria, you’re going to have to take into consideration the “omo-onile”.
Now if you don’t know who the omo-onile are, well let’s just say they’re the type of people
you certainly don’t want to mess with as. But who are they? They’re basically
land grabber who can screw you over because of some family ties they have to the land you own.
Seriously ever heard about a scam involving some “ Nigerian prince” well these could be
even more common in the mainland as there are hundreds probably thousands of local communities
that have a certain ancestral ownership on land and feel entitled to it and these factors are
scary as courts turn a blind eye to these sort of instances. It’s very hard to enforce any
sort of regulation that prohibits some nobody to claim ownership of land you’ve purchased.
And so my dear friends it’s these sort of scenarios that make finding land in Nigeria
an issue. Now there many instances like these involving other investments that I can’t even
begin to go into. We’d simply spend hours and barely go anywhere. The key thing to master here
every investment you make has different niches that you’ll have to consider and taking a scope
of the environment is the my very last step in investments you make for the long haul and reap
the benefits like our good friend Aliko Dangote. Sadly this we where we say our goodbyes but who
says our relationship has to end here. You can subscribe to our family here at Think Rich Africa!
and make this relationship a long lasting one. It’s truly journey so why not come along for ride.
It’ll be fun I promise. See you in another Think Rich media editions