The Twelve Habits Of The Rich 1%

By Enoch Ntale Bazanye

According to the Credit Suisse Report (2018), the Rich 1% control more than 82% of the world's wealth. The remaining 99% are still wondering how the 1% cultivate their wealth. Although some rich people are born privileged, most of them stay wealthy by practicing good habits. 40% of the world's wealth is now owned by women.
The twelve habits of the rich1% include:
1. The use of mass media communication to market their goods and services;
2. Mastering the art and science of acquiring numbers;
3. Working in teams;
4. Learning how to work in an imperfect society;
5. Knowing their worth and worthiness;
6. Investing money and time in further training and development of their human resource;
7. Keeping a positive mental attitude towards the success of their businesses;
8. Knowing how to manage their finances;
9. Learning from their mistakes;
10. Preferring alternative dispute resolution to litigation;
11. Rewarding their employees justly and equitably; and
12. Strongly upholding ethical and moral values.

• Language: English
• Publisher: Enoch Ntale Bazanye
• Release date: Nov 30, 2018
• ISBN: 9780463390344

Enoch Ntale Bazanye

Am a Lawyer by profession, a financial consultant,a sue generis writer of fiction and non-fiction ebooks, a brilliant raconteur, a formidable intellect, a grandiloquent speaker, an egalitarian, a trail blazer, a motivational speaker, a prolific human rights advocate, and proprietor of Next Generation Writers Center. My books have an infectious ebullience on the readers.

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The Twelve Habits Of The Rich 1%

By Enoch Ntale Bazanye

Copyright 2018 Enoch Ntale Bazanye

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Table of Contents

Chapter one: The use of mass media communication to market their goods and services

Chapter two: Mastering the art and science of acquiring numbers

Chapter three: Working in teams

Chapter four: Learning how to work in an imperfect society

Chapter five: Knowing their worth and worthiness

Chapter six: Investing money and time in further training and development of their human resource

Chapter seven: Keeping a positive mental attitude towards the success of their businesses

Chapter eight: Knowing how to manage their finances

Chapter nine: Learning from their mistakes

Chapter ten: Preferring alternative dispute resolution to litigation

Chapter eleven: Rewarding their employees justly and equitably

Chapter twelve: Strongly upholding ethical and moral values

Prologue

About Enoch Ntale Bazanye

Other books by Enoch Ntale Bazanye

Connect with Enoch Ntale Bazanye

PROLOGUE

According to the Credit Suisse Report (2018), the Rich 1% control more than 82% of the world's wealth. The remaining 99% are still wondering how the 1% cultivate their wealth. Although some rich people are born privileged, most of them stay wealthy by practicing good habits. 40% of the world's wealth is now owned by women.

The twelve habits of the rich1% include:

1. The use of mass media communication to market their goods and services;

2. Mastering the art and science of acquiring numbers;

3. Working in teams;

4. Learning how to work in an imperfect society;

5. Knowing their worth and worthiness;

6. Investing money and time in further training and development of their human resource;

7. Keeping a positive mental attitude towards the success of their businesses;

8. Knowing how to manage their finances;

9. Learning from their mistakes;

10. Preferring alternative dispute resolution to litigation;

11. Rewarding their employees justly and equitably; and

12. Strongly upholding ethical and moral values.

CHAPTER ONE

They use mass media communication to advertise their products or services. Billions of people spend more than two hours a day watching television, browsing the internet, listening to radio stations, chatting on facebook, snap chart, tidal, and twitting on twitter. They use these platforms for information gathering, entertainment, trade and commerce, gaming and betting, dating, long- distance learning, and video communication.

What is media?

Media refers to platforms that aid effective and faster communication between the sender of the communication and the receiver of the communication. My definition of media is simplistic in order to give the reader a comprehensible understanding of this topic. There are several types of media in the world but I would love us to dwell on mass media communication because it is the most effective form of communication. Mass media communication is a form of communication in which the sender of the communication sends his or her communication to an unidentifiable number of receivers, normally large numbers of people in a very short period of time without the original information or data being altered or varied.

Benefits of mass media communication

Television. Television as a form of mass media communication and is the most recommended platform to broadcast your goods or services to large numbers of people. The rationale is that the intended consumers are able to see your products or services with their naked eyes and make informed choices based on your level of branding or packaging. The other reason is that billions people own television sets in their homes.

Radio. Throughout the world, radio communication has proven to be reliable and affordable to both advertisers and consumers because radio waves cover almost the entire world including remote areas where network signals are not accessible. However, radio communication incapacitates the receiver of the communication from visualizing the said goods or services being advertised.

The internet. The internet refers to an international network of computers enabling them to share data or information interchangeably. Due to technological advancements and science, billions of people in the world have access to smart phones and other electronic gadgets for communication. Retailers like Amazon, Google, Apple, Barnes and Noble, Kobo, and eBay have developed user friendly platforms to enable their