{"id":392903,"date":"2018-01-19T13:00:51","date_gmt":"2018-01-19T13:00:51","guid":{"rendered":"http:\/\/citifmonline.com\/?p=392903"},"modified":"2020-01-31T11:06:22","modified_gmt":"2020-01-31T11:06:22","slug":"effective-living-series-kofi-manteys-5-keys-to-financial-independence","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/01\/effective-living-series-kofi-manteys-5-keys-to-financial-independence\/","title":{"rendered":"Effective Living Series: Kofi Mantey’s 5 keys to financial independence"},"content":{"rendered":"
The fourth day of the third week of Effective Living Series on the Citi Breakfast Show<\/strong> featured an interesting discussion of steps to take in order to\u00a0become financially independent.<\/p>\n The money-making crusader and author of ‘Operation 1 Million Ghana Cedis’, Paul Kofi Mantey, began his submission with a few questions to open one’s mind.<\/p>\n “If you lost your job today, how many weeks, months, years can you live without a paycheque?” he asked.<\/p>\n “Did you know that majority of people would never be rich because they never took the decision to be rich? Did you know that the Bible says ‘The rich rule over the poor and the borrower is a servant to the lender?’ Did you know that one does not always need money to make money? Did you know that if you could do away with GH\u00a25 a day (i.e. GH\u00a2150 a month) and invest this money at an interest rate of 24% per annum (compounded quarterly), you would have over GH\u00a21,200,000 within 22 years? Yes, justGH\u00a25 a day!<\/p>\n According to Mr Mantey, financial independence is “sustaining one\u2019s desired lifestyle if one chooses not to work to earn wages or salary”.<\/p>\n Below are his five keys to becoming\u00a0 financially independent:<\/p>\n Paul Kofi Mantey added that there are two types of money-making machines – the “Manual Money Machine and Automatic Money Machine.”<\/p>\n “Under Manual Money, there is employee salary or wages and being self-employed. Automatic Money has to do with paper assets, business and real estates or properties,” he said.<\/p>\n “You cannot be financially independent\u00a0until you have declared personal independence; when you are not living your life for other people.”<\/p>\n –<\/p>\n By: Farida Yusif\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The fourth day of the third week of Effective Living Series on the Citi Breakfast Show featured an interesting discussion of steps to take in order to\u00a0become financially independent. The money-making crusader and author of ‘Operation 1 Million Ghana Cedis’, Paul Kofi Mantey, began his submission with a few questions to open one’s mind. “If […]<\/p>\n","protected":false},"author":14,"featured_media":185199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1730,11696],"tags":[2810,16247,3,16246],"yoast_head":"\n\n