Dr. Wesley Ogude, Group CEO of Springs Wealth Consultant, used his appearance on the Wealth on Your Terms Podcast to outline what he believes are the only reliable routes to wealth.
According to him, every wealthy person in history has drawn their fortune from a narrow set of asset categories.
“Everyone who has been wealthy in every country and in every economic cycle became wealthy through one of those asset classes,” he said, describing them as business, real estate, commodities and paper assets.
He explained that business remains one of the most consistent paths because it compels an individual to obey “all the laws of wealth creation,” including measurement, structure and teamwork.
He added that real estate has historically produced more wealthy individuals than any other field, citing centuries of economic patterns.
Commodities, he noted, remain central to the economies of resource-rich nations, while paper assets, such as stocks and shares, have been used by investors like Warren Buffett to build long-term wealth.
Dr. Ogude emphasised that talent alone does not translate into financial security unless it evolves into a structured enterprise.
“If you have those things and you are not able to form a company around it, it will enter what is called entropy. It will dissipate,” he warned.
He pointed to the financial decline of some athletes, musicians and innovators as proof that creative output without organisational backing often leads to temporary success.
He described the four pathways as economic constants that have remained unchanged regardless of geography or era. “Name anyone wealthy, you’ll find them in one of these four categories,” he stressed.
