
While there is no one rule for wealth creation, to build wealth one must follow a certain level of discipline. Here are the three secret disciplines you need to master to grow your wealth.
- Save and Invest
- Delay gratification
- Ignore the Joneses
1. Discipline to Save & Invest
We are all limited by the number of years we have to be able to run around actively. A twenty-year-old today probably has another 20–30 years of active working life left. This is to say, as we age, the physical labour we can offer reduces. This period is when we can set the foundation of our wealth.
The moment you have decided to create your wealth then you should take action towards making it happen by starting a dedicated savings account. Irrespective of the amount you decide to save periodically, your savings should be automated to make it easier to achieve discipline and consistency. You should also invest your money in opportunities like mutual funds and other investments.

Now in picking a savings account, it is important to find one with zero or minimal fees and with considerable returns. Your saved-up cash should not sit in a bank, it should work for you to generate returns. For instance, if you saved up 1M Naira in 2017, at 10% interest per annum and one year later, the money should have increased by itself to 1.1M Naira. This is how you grow wealth, steadily. Try out Cowrywise today.
2. Discipline to delay gratification.
If you look around you, you’ll probably notice that we are surrounded by advertisements that are aimed at making us spend money on things we do not need. The new iPhone, the new cars, the new designer labels, the new shoes…the list is endless.
If you have a goal of becoming wealthy someday, you should learn to postpone buying these things until you have well enough. This is not to say you shouldn’t enjoy some of life’s little luxuries. The point here is that you could always delay buying luxuries until you achieve your important money goals. You should learn to live way below your income.
Or better, ask these questions: Do I need this item to survive? Does this item bring me additional cash? Am I buying this to impress my friends?
3. Discipline to ignore the Joneses.
The Joneses are all around us. They are those families and friends who spend money just to impress others. Our neighbours with all the flashy toys, our friends who buy the latest gadgets to show off but are barely able to pay their rent.
To be like the Joneses is to spend your little savings on what the Joneses are buying. This never-ending race to be like the Joneses always leads us to make poor financial decisions that are detrimental to wealth building.
When making any purchasing decision, it is important to ensure we‘re not trying to live life as dictated by others. We should learn to spend money wisely.
What is the fastest way to build wealth?
Spend less than you earn. Live below your means. Save the remaining and invest where it grows steadily over time. That is how you build wealth fast. However, many people never really build wealth as they keep spending as much as they earn. Then, later in life, they depend on a pension or their children to support them in retirement.
How do you create wealth from nothing?
- Educate yourself. Understand how to build wealth.
- Liquidate assets you don’t need anymore.
- Avoid unnecessary debts and wasteful spending.
- Automate your savings
- Invest
- Share your financial knowledge with your circle. What is better than one wealthy person? Wealthy people.
Watch this video on how to build wealth with a 9 to 5:
We will like to hear from you if you have identified additional disciplines required for wealth creation!
Get started on your journey to wealth creation with Cowrywise now.
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Yes very true about money
Thanks for the update of money spending..
Thanks for the update
Super cool bravo ??
Thanks for the tips Ope.
This is superb ope ? thank you
You have spoken well Ope of cowrywise
More auctions to function.
Very much on point. Strict discipline must be adhered to,if you want to succeed. Thanks for availing us this important information.
Thanks so much for this.
Thanks so much for this…
Thank you very much
Thank you very much,this is very true
Thank you very much for this
Very timely advice.
Thanks Ope ♥️
Ope thanks for always dropping words of wisdom. God bless you and the entire Cowrywise team.
Impressive
Real talk
Needed this reminder
Always writing great articles !
I am always glad when an update comes into my mum’s email domain. Keep it up, Ope.
You are the best financial assistant ?.
Insightful read. Feel like sharing at finance seminar. Hope it’s in order.
Thank you so much for this update. Invest and save now, and free yourself from money slavery
thanks you so much iam really happy
am inspired thanks a lot cawrywise
For this great knowledge
Thanks for the update
Thanks so much Ope.
Good
Very intresting thank you Ope.
Ope, I owe you a gift when I become a billionaire.. Lol
But seriously, you have always been helpful
Us humans love to live above ourselves just to fit in???
Thank you for the reminder Ope. Keep it up with the good work!
Nice write up and nice points. Keep educating us..
Thanks for this light about money..I appreciate cowrywise team.
Thank you for the words… So enlighten.
Words??
How can I start small business with 5k
Well spoken. In life, at times you take risk to succeed.
Thank you Cowrywise, can you be my friend this 2022 please, I’ve got to learn a lot about money
Ope, can I have your contact, please?