Face, Child, Kid, Boy, Young, Depression, Fear, Abuse. Destiny

HOW TO CONTROL YOUR FINANCIAL DESTINY

4 min read
Face, Child, Kid, Boy, Young, Depression, Fear, Abuse. Destiny

Financial Destiny

Destiny: a word wrongly understood by most, howbeit, well-known to many. Unlike the conventional belief of the majority, destiny is not really a fixed plan handwritten by one supreme being, which must be fulfilled no matter what happens; even if the bestowed made zero efforts to “fulfil his/her destiny”. Maybe that’s what you hold on to, no problem. Good Luck. (However, you don’t need me to tell you before you know that even if GOD destines you to be wealthy, and you retain POOR habits, behaviours, and actions; you will never be wealthy! FACT!)

That said: “financial destiny” is not to refer to a “DEITY-BESTOWED-UNCHANGEABLE-WILL-THAT-WILL-HAPPEN-IRRESPECTIVE-OF-YOUR-ACTIONS” kind of Destiny. But, what you “CREATE-FOR-AND-BY-YOURSELF…” kind of destiny. In this case, you are THE G . O. D. creating YOUR DESTINY, by every step you take, beliefs you hold on to, actions and inactions, decisions and indecisions.

Of course, I’m proudly a believer in the existence of a supreme and all intelligent and all-knowing being popularly called GOD, and also believe in destiny (from God); but in a different sense, which I’m not about to discuss here.

The purpose of this article is to show and guide you; HOW TO CONTROL YOUR FINANCIAL DESTINY.

Firstly, note the word “CONTROL”. So, your financial destiny is what you can control. Secondly, just as I had pointed out earlier, your financial destiny is what YOU MAKE IT TO BE.

Okay, before I continue, I’d like to give a more contextual definition of “financial Destiny”

Financial Destiny: Your financial future, your future net worth, your future wealth status

It doesn’t matter who you are; whether you are a novice, a business owner or an investor, your financial destiny is yours to control. You are the captain of the ship in this story and no one can be more trusted with your financial future than you.

1. Financial Education

It takes a “foundation of working knowledge” to build wealth. The journey to financial freedom is one that begins with education. Before you can control the reins, you must know how money works, how investing works and how to manage your resources. You can not assume the position of ‘captain’ if you do not know how to sail a ship. Everyday is an opportunity to learn something more about finances. There is so much information out there that is ready to used by you. “With some simple knowledge of proven strategies, you can build wealth on your own” ( Dale Gillham ).

2. Know Your Goals

Remember that this is a journey, you have to know where you are going to. At every point in your life, you have to map out where you want to be financially. Financial freedom can not happen in a day. It is a process of achieving one goal to the next; goals that are realistic. Goal setting gives you a clearer picture, and it is a good motivational tool. 

3. Make A Decision And Stay Determined

The main reason why the poor and middle class remain where they are is because they are not determined enough. They hold on to the thought “they can’t”. To control your financial destiny, you must first decide what it is you want. Then you must stay determined till you attain freedom. Our tomorrow is based totally on our choices of today. Some of your financial choices might produce mediocre results, some might give us momentum and confidence. However, whether or not you reach the point of financial freedom is dependent on your determination to get there. With determination, you can even surpass those who had a head start.

4. Take Action

Controlling your financial destiny is more than knowing investment strategies. It is about knowing how money works and taking the proper actions in response. You can not just shelf your knowledge and expect that it would bring results. You can read all the books in the world but what would really count is what you did with your knowledge. Whether you have thousands or millions, take action today!

5. Protect Your Capital

Protecting your capital should be your priority. Many traders and investors often allow themselves to be concerned more about the profits than risk management factors. Remember that financial freedom can not happen in a day. 

  • By leveraging on others, 
  • Seeking returns on your capital, 
  • Avoiding bad debts,
  • Diversification
  • Selling even when you do not need to buy

These are ways you can protect your capital. 

6. Master Your Emotions

If you can control your emotions well, you can control your financial destiny. Emotions like fear only slows down your financial journey. Learn to handle your finances from a detached perspective. Be strict when it comes to getting emotional with money. Emotions are liabilities in finances. More often than not, they lead us to debt. 

7. Master Time

Timing is crucial in everything we do. Once you have mastered time, you have mastered it all. Understanding supply and demand, knowing what and when to invest in, understanding trading trends and more are ways you can master time. Also never be in a hurry. Hurrying leads to lack of control over yourself. Be patient with yourself and the market you are invested in. Mastering time assures your absolute control of your financial destiny. 

Financial freedom however, is a choice, not a dream. Anyone can become rich. Money doesn’t remember socioeconomic status or race. Anyone can be financially free. Your financial destiny is yours to control. Yours.

There are 2,095 Billionaires in The World and Tech Founders Dominate the  Top 10

HOW TO CHANGE YOUR NETWORK FROM POOR TO RICH

5 min read
There are 2,095 Billionaires in The World and Tech Founders Dominate the  Top 10

If you’re one of those who know the importance of a RICH network to attain financial freedom, and also probably asking; “how do I build a rich network?” or in other words, “how do I change my network from Poor to Rich?”, this article is for you.

The journey of financial freedom begins with knowledge. You must know everything about money; its principles and its relevance. You must be clear about your financial goals and you must keep on learning. But knowing is the first step, the next step is being. Who do you need to become to achieve your goals? Then you must have. What do you need to have to achieve financial freedom?

There is a list of things you need to have; the list varies from person to person. However, one very necessary thing is common and surely stands out – network. You must have a rich network. Your network is an integral part of wealth creation. Without a good network of rich people, you might keep walking around in circles.

The Genesis

Insight is a treasure you can’t do without. All great men have insight. Most importantly, they know how to use their insight. Now, insight determines how well you know yourself. Without insight, you can hardly look into yourself and discover your true identity. Rich men vary in character, attitude, interests and many other things, but I have not found a rich man, who has not passed the journey of self-discovery. Because if you don’t know yourself, you cannot possibly know HOW YOU FIT IN! Everyone has a purpose, a place, a vacuum they are meant to fill; if you don’t know what that is for you, you can’t be successful.

In case you’re wondering, “how does this apply to having a rich network?” IT HAS EVERYTHING TO DO WITH IT! Yeah.

Networking means connecting/interacting with a set of people with whom you share common interests. Networking with rich people means, you have rich people as friends, colleagues, partners, mentors and even mentees.

How do you fit in with THE RICH? HOW?

The most suitable answer to this question will only surface after you’ve DISCOVERED YOUR SELF. What’s your purpose? Why are you here? What VALUE can you offer to the world? How can you SERVE the world? What IMPACT are you made to create in society? What are you bringing to the table?

Discover YOUR SELF! KNOW WHO YOU ARE, or WHO you are MEANT TO BE.

This is the first and most important step to take on your journey to greatness.

Offer VALUE

Are you VALUABLE? In other words, are you a PERSON OF VALUE? Ask yourself. What problem(s) can you SOLVE? Value is one thing that will always be in demand. No rich person would want to associate with an EMPTY individual – one who has nothing to offer. Everyone loves things of value and people of value. What do you have to offer? What SKILL(S) do you HAVE? If you are a value provider, networking would not only be easy for you but it would be highly beneficial.

Imagine you meet Aliko Dangote in a conference and you are privileged to talk to him, what would you say? What would you tell him or offer him that would make him invite you to his house for lunch/dinner, or better still will make him impressed, interested in you, recommend you to his circle of friends (e.g. Bill Gates), or give you millions of naira/dollars??? How can you communicate value in a 1-minute, 3-minute, or five-minute conversation? Believe it or not, rich men don’t have time for NON-Sense(NO-Value). That is why it is hard to climb the ladder for those who lack value.

If you want a seat at the table of the RICH. OFFER LOTS OF VALUE/SERVICES. Remember I talked about “being”. You must be a value provider. Value attracts everyone. Value isn’t just money: it can be your expertise, your moral support, your intellectual resource, and so on.

This brings us to the need for you to invest in capacity building and personal development.

Have And Use A Common Ground

Churches, mosques, clubs, schools, student bodies, alumni bodies, associations; these are all common grounds you can use to change your network. Networking starts with communication. It is “the exchange of information and ideas among people with a common profession or special interest, usually in an informal social setting. Networking often begins with a single point of common ground” (Investopedia.com). If it is one thing poor people are guilty of, it is the underestimation and misuse of social gatherings. If you don’t meet them outside, where else? So if you do not have a common ground, find one. For example, if you are into real estate, look for a real estate investment association. Join the clubs that rich people join if you can. Common grounds provide you with a link to these people; it is up to you to use it. 

Understand Timing And Opportunities

You can not relate to everybody the same way. It takes emotional intelligence to know what to say to certain people. It takes emotional intelligence to create opportunities and to use time wisely. Emotional intelligence is a skill that you must have. It would help you with everything: how you talk, how you react, how you act and when to act. Time is a critical tool that benefits those who know how to use it. Master time and you can create opportunities. You must be sensitive to see opportunities when they arise and you must be ready to take them. How you dress, how you express yourself, in fact, your whole physical appearance must be deliberate as it can be useful in helping create opportunities. Remember that the way opportunities come is through conversation. The act of socializing is the tool used in networking. The bottom line is don’t just wait for opportunities, create time and use the time to your advantage. Be prepared at all times to turn every situation to your advantage.

Have Confidence

 Confidence is not pride, neither is it outspokenness. Confidence is trust in abilities – your abilities. It is knowing your worth and to trust your judgements. Confidence is a result of how much work you have put in yourself and how much value you are able to give. It is not something that can be given to you, it is something that is built by virtue of the depth of value in you. Confidence is key! You don’t want to stutter when trying to network. Confidence is a level of preparedness that you need. It is something you must always have with everyone. 

Value + Confidence= Rich People Interested In You = A Rich Network

Leverage on Your Family Relationships 

By this I mean, using family relationships or friendship relationships well. Your family and friends are your first circle of network. Don’t underestimate or misuse them. Professionalism when doing business with family or friends gives you respect and it builds integrity. Relate with your rich aunt or rich uncle or rich friend like you are relating to someone you have never met. It shows you are serious with your business. No one likes dependence. Stop asking for money for everything and start selling value to your family and friends. It would make them connect you with their own network. 

The Journey Continues…

Building a rich network or changing your network is not difficult; it is something you choose to go out and do. It is a deliberate action. If you want to be financially free, you need to have a network of people who support you, advise you, people who are invested in you. These people are your route to financial freedom. 

You also need to be a good network for people. You need to provide value and support to others. You need to be invested in other people’s success. You must be a source of benefits for you to receive benefits. Networking works when everyone gives and everyone receives. Changing your network starts from changing (building) yourself, which can only happen after self-discovery. Again who do you have to be? What do you have to do? What do you need to have? Even if you are not rich in money right now, you must be rich in value to have a network of rich people. 

8 LEGIT WAYS TO MAKE MONEY ONLINE

4 min read
Photo by Christine Roy on Unsplash

Given the state of how fast the internet is taking the pace with various technological advancement and innovations in the 21st century, the need to acquire skills and utilise online mediums for various activities is profitable. Amongst several benefits that the internet provides, genuinely making money online without any form of deceit is actually trending. There are various ways/means of making money online which are as follows;

Blogging

Blogging is actually one of the most easiest and less expensive way of making money online. It just requires having contents to deliver, ranging from dance, fashion, lifestyle, food, art, entertainment etc. This brings me to my first knowledge about the word “blogging” and all it entails.

 It all started when I watched an interview about a young lady. She loved cooking and actually travelled out of Nigeria to further her studies (Master’s degree). While she was waiting for a response from the institution in which she applied, a friend suggested blogging to her. Though she reluctantly started out of boredom by posting recipes of meals she prepares, skincare routine, relationship ideas etc. That was how she started making money online from the comfort of her home. Although blogging takes a long time to build a good following which might take months or even years. Therefore it requires patience and consistency. But eventually, it is one of the best ways of making money online.

By being a YouTuber

YouTube can be considered as one of the fastest-growing online platforms. Because it allows people to make money online with little or no investment. The good thing about becoming a YouTuber is that you can create almost any kind of video. Videos such as kitchen recipes, how-to-do tutorials, skincare videos, prank videos, Do it yourself (DIY) videos etc. Also, it can be anything you may think one can find useful and helpful as long as you’re creative and innovative. The key thing is to keep creating interesting contents/videos.

Online course/training

An Online digital course simply entails the act of impacting knowledge/training on a particular field or scope. Through webinars, PDF files/e-books, self-produced video on courses in strategic ways. This is done to coach people on basic areas on any course/skill of their choice. Courses such as photography, make up artistry, fashion designs. And also to learn more about various disciplines such as psychology, digital marketing and so on. But the money-making aspect is that the courses or training comes with a particular amount. This is advantageous because people are spending more time and money than ever on flexible learning opportunities.

E-Commerce business

This medium of making money is fast rising in a society like ours. This is because, not everyone can afford to pay rent for shops, outlets or place of sales. Hence, online trading comes in handy with no cost of rent or whatsoever. Various individuals such as celebrities, students as well as unemployed undergraduates have utilized this means via social media. Recently, strategies like drop shipping have emerged for entrepreneurs who do not want to deal with inventory management, product storage/shipping products.

Launch an Affiliate Website

Launching an affiliate website actually entails promoting or recommending products and services from other companies. It is preferably best when you genuinely believe in them. This will help to grow your reputation and establish trust among your site visitors.  Affiliate sites are simply online magazines or websites that include reviews and references to specific items. You link out to these items using a special URL that tracks a customer’s purchase. Whenever someone buys something that you’re promoting, you earn commissions.

Advertising/Marketing

Many celebrities/individuals who have a reasonable amount of followers on various social media platforms are making money from advertising/marketing a product. Some actually make more money when they get endorsed to market or advertise a product. They simply get paid by small scale businesses and/or renowned firms to advertise and market their products.

Also, there are plenty of websites that use advertising banners and promotions from other companies to monetize their contents.  However, if you can show advertisements in a natural way, then you can drive customers to a partner company. And reap monetary rewards. In other words, monetizing your site, page/account through advertising is a good option if you receive a large traffic volume.

Freelance Writing

This is also another effective way to make money online from home free. By becoming a freelance writer, you earn money by writing different types of content for clients, companies, or blog owners. All that is required is just to have a passion for writing. The good thing about freelancing is that you don’t have to pay for courses to start a freelance writing job. In fact, there are numerous articles online that can equip/sharpen you with skills to become a freelance writer.

Networking marketing fray

Network marketing has its cons and pros given the alarming rate of increasing online frauds. This makes network marketing appear non-genuine.  Examples of genuine companies include Longrich, Greenlife etc. These companies have been existing for years and have stayed true to their promises.  Network marketers earn up about six to eight figures weekly, monthly and annually as the case may be.

Finally, the truth of the matter is that whatever method you choose to make cash online, stick to it. You can’t jump from opportunity to opportunity and expect to get anywhere. It doesn’t quite work that way. Dip your foot into the water and eventually, over time, go all in.

Five Things My Parents Could Not Tell Me About Money

3 min read

I’m from a society where I repeatedly heard the proverb; “Train up a child in the way he should go…” It is every parent’s responsibilities to train their child. Of a truth, my parents taught me a lot of things – how to cook, politeness, humility, great communication, and human relations. Even before I knew the institution called “School”, they had drilled me to be the amazing kid they wanted.

But as I grew up, I realized there was one thing I just didn’t get right. And I wouldn’t want you to blame me. Neither did my father who is the breadwinner of the family nor my mother who is the home manager made mention of it. In fact, it was like a taboo if I discussed such topic with them. 

You know how awkward it gets when you ask someone about their sex life, right? That was the exact feel whenever I discussed topics about money with my parents; most especially how much they earn and save. I was literally clueless on money matters.

Ignorance stopped being a bliss for me when I gained admission into the higher institution and had to live by myself. “Pocket money” was never enough, neither did I know how to account for my spending.

When it dawned on me that I have mastered many life’s issues from my parents except money, which is also essential, I sought knowledge. 

And here is what I found out:

Money is beautiful but it doesn’t grow simply by admiring it

I had the habit of keeping money when I was younger. I would wrap it up in my closet so that no one would touch it nor rumple it. 

I must have picked this habit from my mother who also kept her money in a knot at the edge of her wrapper, so it wouldn’t get lost. She could keep the money for as long as a month or two, or a year. What she didn’t know was that she could keep the money in a bank for it to accrue interests or invest it, which would bring returns (ROI). She did not know hwo to plant money, to make more money for her. So, she could not teach me, neither did my father.

Money multiplies by investments, just like how seeds multiply by planting. It is not meant to be kept on the table and admired like a meal. This, my parents did not tell me.

Money alone does not bring happiness

Money afforded me all I wanted as a kid – both the necessities and unimportant things of life. I could get all the chocolate, biscuit, sweet, and toys that I craved. So, it was a difficult thing for me to accept that “money doesn’t bring happiness”. 

I thought all I needed to be happy in life, is MONEY. Yes, Money also brings its own share of happiness. With money, you can acquire many good things, live the life of your dreams, and do so much that will make you very happy. However, money alone does not bring happiness. This, my parents could not teach me.

Plan how you want to spend your money – Budgeting

I grew up asking for, receiving and spending money. Little did I know that mindless spending makes one short of money. I spent as I earned and even spent more than I earned, thus I wallowed in debts. I wish my parents had cautioned me when I was younger.

A friend of mine had a journal for recording her income and expenses. She would write all her expenses for the month ahead before she spent any of her money. She as a preference list which she followed religiously. This helped her to effectively monitor, and regulate her spending. This also saved her from reckless spending and debts.

Money Management

Money worries are not meant for adults alone. No child is too small to learn about money; how it is earned with hard work, and most importantly, how to manage and multiply it. 

I shouldn’t have had to become an adult before I know all things are not meant to be bought. If I had been refused several unnecessary things I spent money on when I was a kid, I would have learned to differentiate between needs and wants.

Avoid debts like a plague

Unfortunately, we cannot all avoid debts. Debts can be good, and also unpalatable. Hence, we must tread with caution around it.

Earn more than you borrow so you don’t become saddled with a cliff of debt that is hard to pay off.

In conclusion…

Money respects those who understand it. I learnt this the hard way.

What about you? What were the things your parents did not teach you about money?

Please share them in the comments section below.

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Five Money Mindset Strategies You Need To Master

3 min readMoney is a subject that is widely taught right from the home to school and even at the religious centres, we have received huge information about money. Information plays an important role in how many people relate to money.

One important thing left out is the ‘Mindset’—because money isn’t the currency in your hands or the cash saved in the bank. Mind you, the world is not having “Mono-Currency”. 

Cultivating a strong and positive mindset about money will impact your life greatly.

 

MONEY MINDSET

A money mindset is an overriding attitude that you have about your finances. This attitude is the core belief you have built over the years from the information you received. 

As the old saying goes, “As a man thinks in his heart, so is he”. Have you ever wondered about the reasons behind your financial decisions?

A money mindset is a catalyst that influences how you make significant financial decisions every day. 

When you have the right and positive money mindset, you tend to make better and wise choices even in the face of obstacles. That’s the power of positive thinking, and it matters most if you want to achieve your financial goals in life.

Your understanding of money will determine how much money you make, how hard you toil for it and how long it takes. Perspectives are important and this has to do with your mindset.

 

NEGATIVE MONEY MINDSET

No one makes a decision without initial thoughts. The actions we take reveal the thought process behind the scene—so also is the money mindset. Poor mindset leads to poor action and meaningful progress will not be achieved. 

You are either free or imprisoned by your mindset.

Your actions show your thoughts. 

A negative money mindset is not what you were born with but those beliefs that you have cultivated over time. The negative mindsets are:

  •       Fear—unknown, fear of failure, fear of taking (calculated) risks.
  •       Procrastinations.
  •       Past failures.
  •       Intimidation.
  •       The struggle of overcoming past defeats.
  •       Wrong beliefs.

You aren’t defeated because you failed but rather because of your mindset. 

The obstacles before us are the ones our mindset put there. 

You are what you believe and will act accordingly. 

As long as you keep the negative mindset concerning money, you will work hard but earn little because your mindset is yet to SHIFT to the position that attracts, keeps and multiplies money.

People who have a negative mindset remain poor, not for the lack of opportunities or resources but the blindness of their minds. A blind mind will never see opportunities and will always be ignorant of making money.

MIND SHIFT SURGERY

You can’t become financially free with wrong beliefs—that’s impossible. Everyone struggling with a negative mindset needs surgery—MINDSHIFT. A mind shift is the ability to change one’s thoughts and beliefs.

Changing your mindset will move you from lack, struggles, and poverty into abundance—this is not magic but a deliberate sequence of decisions and actions.

FIVE MONEY MIND SHIFT STRATEGIES YOU NEED TO MASTER

Embracing a positive mindset will help with your financial goals. It will help you overcome many obstacles (debts, and Imprudence) in life. When your mind is so rich it will reflect in your life—decisions, and actions.

Most billionaires aren’t wealthy because they inherited wealth or won the jackpot but trained themselves mentally and physically.

These five mind shift strategies about money:

  1. Learn to train your mind to see opportunities instead of focusing on obstacles.
  2. Recognize that most unpleasant financial situations are temporary and are fixable.
  3. Learn to ask for help. Asking isn’t the sign of your weakness but clarity.
  4. Set your financial goals but learn to take it step-by-step and don’t be ashamed of small progress.
  5. Cultivate the habit of investing.

Keep your mind under strong monitoring as you apply these money principles. 

Image by Steve Buissinne on pixabay.com

Seven (7) Unproductive Money Habits, The One Way Out!

3 min read

The lives of the rich and famous are often tempting and glamorous. Irresistible; the flashy cars, luxurious life, and expensive outfits that the famous stars often wear. The poor might end up cursing the day they were born but sometimes, the rich are often caught up in the success-web.

Success is the desire of most people (most people hate failure) but not everyone knows how to move on and chase (more) success. Most times, many people are trapped in the cell of success, and their passion and zeal surrender to the most recent success without vision and hunger for more.

Many people were half baked for the success they achieved early in their lives, the fame, and the money was bigger than what they could handle.

As good as success might be, it can also be a huge burden that crushes people if not handled properly. 

Some of the celebrities and athletes that we know went from grace to grass not as a result of laziness but for some untamed habits that shot them down. While some were able to bounce back, others never did.

You must learn to differentiate your seeds from your harvest—seeds produce harvest. 

SEVEN UNPRODUCTIVE MONEY HABITS

Have you seen a successful businessman/woman? Study their habits; perhaps you have seen a poor man, check his habits. Habits are everything—it either makes or mars a person.

The rich do the things that make them rich, while the poor have habits that keep them poor. Below are the seven (7) money habits that make a man poor:

1. Wrong company.

 When a man keeps a company of his sense mates, it may be difficult to make meaningful progress in life. You need a mentor, someone with experience and can provide hindsight & foresight where career and wealth creation is concerned.

2. Inability to invest.

The poor work for money while the rich have money work for them. The rich spend their time looking for the best places/business, to invest their money in a bid to multiply it as time goes on, but the poor hardly save much less invest.

The concept of investing can be best explained from a farmer’s perspective, a farmer will invest (sow the seed) into the earth and get a harvest in return. Lastly, saving doesn’t make you wealthy, investing does.

3. Focus on survival.

The poor are perpetually in “Survival mode”. They acknowledge their needs but they consistently deny themselves by the inability to delay gratification. Moreover, they wallow in self-pity. They hide under escapists’ theories like “all is vanity”. Survive, but more importantly – thrive!

4. Poor money management.

One of the attributes of humans is the ability to manage resources and situations — time, money, problems, success, failures, and.

The poor lack money management skills and will often spend money on wants. The poor are most times unable to differentiate between asset and liability, so they spend more on liabilities than on assets.

5. The poor expect money miracles.

Poor people pray the most, that’s not saying the rich don’t have time for prayers. The expectation of the poor is that miraculous money will drop in their account. Whereas miracles do happen, they are not the foundation upon which wealth creation is built.  Refusal to seek for financial knowledge because one is waiting for miracles is detrimental.

6. Lack of money-making ideas.

One way to make money is “idea”. An idea that solves a problem will make you money and if you are financially intelligent enough- wealthy. You are truly poor only when you lack ideas. Facebook is an idea of Mark; Coca-cola is someone’s idea, Honda automobile is someone’s idea. Great, innovating ideas get you into money.

7. Lack of financial knowledge.

You are only enslaved by what you don’t know. The poor lack the basic knowledge of how to make money and how to make money work for them; thus remaining in poverty. If you know what you don’t know – that is a call to seek knowledge and knowledge is only power when it is applied.

WHAT IS THE WAY OUT?

Discipline.

It may sound simplistic but if something seems simple – it will often require a great deal of attention. Very few people on planet earth are disciplined in their commitment to learning and earning.

Are you disciplined enough to keep working with the principles of wealth creation?

Yes, this is one of the virtues that the rich possess that keeps them on top of their game.

Michelle Obama FI

The One Killer Money Strategy; It Worked For Michelle Obama

4 min readMichelle Obama can make you very rich if only you would apply the same principle that she applied. She has been screaming one killer money strategy at you since forever. Ever wondered about the first African-American first lady of the United States? Her story is an inspiring one.

Born in January 17, 1964 in Chicago, Illinois, she is an American lawyer who is also marked as the First Lady of the United States in 2009-2017. Although from a humble background, she learnt the importance of education and by age four, both Michelle and her brother Craig had learnt to read.

Gifted Michelle took and completed accelerated biology courses and also learnt to speak French by sixth grade. She attended Princeton University and graduated Cum laude in 1985 with a B.A. in Sociology then proceeded to study law at Harvard Law School. In the early years of her career, she worked at Sidley Austin’s law firm where she met the love of her life, Barack Obama whom she later married in the year 1992.

As a first lady, she was an inspiring model for women and advocated for poverty awareness, education, nutrition, physical activity and healthy eating.

She is a fashion icon and has an admirable love relationship with her husband. With this you might want to say Michelle had a perfect life. However, this is untrue. Growing up, life was not a bed of roses for Michelle.

Her father suffered from multiple sclerosis which had a weighty emotional consequence on her while growing up. She was also a victim of gender discrimination and often feared people’s negative perception of her. She however discarded every form of negativity around her and used it as a growth fuel. In 2018, she published her book Becoming.

Michelle Obama has been a source of inspiration with her known intelligence and activeness.

With her book “Becoming”, she told her story and one can indirectly say she sold her story. Becoming is a book subdivided into three parts; becoming me, becoming us, becoming more.

Michelle describes her book as an expression of deep personal experience which talks about her background, how she found her voice, her advocacies, life in the white house and her role as a mother and wife. Michelle wrapped her story in a sheet of words and sold it to her readers.

 

What are you doing with your own story?

That one money strategy she has utilized and maximized is the ability to tell one’s story. Every experience that you have had and heard in life should teach you something and to be able to tell your story in a compelling way may change your life and the lives of those who read or listen.

This strategy is not customized for Michelle alone but for as many as are willing to bite into its skin. Your life is a story worth a million dollars!

Your failures, success, wars, battles, victories, laughter, tears…can inspire and motivate.

Motivation, by the way, is a business that sells now. With the increasing rate of hopelessness and depression worldwide, people no longer look only to their religion for hope but also seek stories of those who have fought wars and have won them.

So, can you sell your victories to become more victorious?

Can you make a million telling the world about your resounding laughter despite the bitter tears you have shed hitherto?

Yes, you can!

At this point, you must be thinking “well, it will only work for those who have stories, I don’t have a story to tell”. Lie! A big fat one!

Everyone has a story; maybe you mean to say an incomplete one, but the truth is that you have a story to tell.  Your life is a book, every day make up the pages, and every season, new chapters.

While you wait out to have a complete story, you should also realize that even your smallest victory is a story that can inspire someone out there. And every attempt to grow and achieve something bigger or rise above a certain level is an added story to tell, something more to catapult you your worth from a few thousand to some millions.

 

How then can I tell my stories?

You are probably thinking; “I don’t want to be a book writer, I don’t like to write, writing is not my thing”. Am I right?  Let me say these and you should listen or in this case read well. To tell your story is not limited to writing a book.

You do not have to write a book to sell your story. There are several other ways and all you have to do is identify them.

Have you thought of public speaking or the fashion industry and photography also? These mediums are arts that can act as your storyteller.

Have you wondered about some singers and their singing styles? Bob Marley for instance; an advocate for Pan-Africanism whose songs had a high sense of spirituality accompanied by his music style of reggae. He was an advocate for peace, hope and unity in a strife-ridden world.

Music was the key instrument with which Bob Marley used to make the masses aware of the injustices in the world. I could go on and on about how music was a medium of expression to the late musician but that would be switching focus, right?

The point is this; you can tell your stories in several ways that are profitable.

Make a habit of recording and journaling your experiences. Your everyday story might not be a hit but it sure is a gallery of many pictures that will later make up one sweet, inspiring and money spitting image.

You might be young without a complete story yet but you should know that you can tell your story in several profitable ways.  

Don’t fail where most people fail – they fail to start, they fail to try and they fail to continue.

12 words FI

Twelve Words That Locked All Your Money Up

4 min read

The mind works in unfathomable ways, words are the command of life itself, the command of money too. Not knowing these twelve words that locked all your up isn’t a good thing.

Some years ago I had a light bulb moment, my eyes lit up as I listened intently to the financial intelligence expert who spoke on investments, financial intelligence, and passive income. I was in my 20’s and I had never understood what those words meant and how they impacted my chance of escaping poverty and achieving everything I dreamt of. 

If I didn’t understand those basic money principles, how could I make them work for me? The truth is, most of the principles of financial freedom have been codified into words.

Understanding and making use of these words (codified principles) in our daily decision making is what helps us achieve financial freedom. Let’s talk about some major ones.

Financial Intelligence is one of the phrases that changed my perspective on how money works. Just as you need emotional intelligence to make your relationships thrive, you need financial intelligence to make the right decisions concerning money. There is a right way to think about money – learn it!

One of the major concepts financial intelligence affords you is a basic understanding of TAX. Tax is one of the most mysterious money-words. The rich try to avoid it and the poor have no clue how it works. But just because you don’t know a substance is poisonous doesn’t mean it won’t hurt you. Whether you are self-employed or a businessman, taxation influences your financial freedom in a great way.

Passive Income is a phrase that confuses a lot of financial illiterates. Passive income is often seen as ponzi scheme to some folks and this a great injustice to financial intelligence. Just as you work actively to generate income, passive income is generated when you’ve invested money (into ventures).

Owning one percent (1%) of the shares at Google makes me a billionaire; not because I code or write algorithms but because what I invested will yield ROI (Return on Investment).

Yes, there is no form of business venture or investment that does not have a level of RISK in it. Many people run away from risk without knowing that risk is a part of life.

Mark Zuckerberg said that the greatest risk is not taking any risks. The wisdom here is to take calculated risks.

Partnerships: the backbone of most wealthy individuals is the strategic partnerships that they have other people. Research shows that businesses that were started by two or more people have a higher chance of being successful than that of a sole proprietor.

The goal of having a partner is to complement your skill and personality deficiency. You don’t partner just for partnering sake; you partner because there is something unique that your partner can offer.

BRAND: what if you decide not to enter a partnership, then it is important to develop a very strong brand (read more here -5 Reason You Are Probably Still Poor).

Actually, it’s not only single founders that should develop a brand. Your brand is the projection of who you are and your value. Having Donald Trump’s (before he became President) name on any real estate implies a Gold Standard. You like it or not, that’s what his brand is. The more your brand is worth, the higher the chances of you achieving financial freedom.

VALUE: the more valuable your brand is, the more financial returns it brings to you. Someone told me recently that money responds to value. So instead of chasing money, why not focus on adding value. Mark Zuckerberg is quite wealthy today because of the amount of value he brings. That’s the same reason why some top athletes make considerably more money than their teammates –the extra value they bring to the team.

I was at a conference some years ago, where one of the speakers said that ‘because you are worth something does not mean that people will value you the same way’.

Just because you see yourself as worth something does not mean other people will see you as such.

A process of bridging the gap is NEGOTIATION.

Negotiation has to do with seeing things from the perspective of your business partner and leveraging on that to get whatever you want. The only way you can get what you really deserve is by negotiating for it. Ask Donald Trump why he wrote the book “The Art of the Deal”.

The major key to successful negotiations is COMMUNICATION. Okay.

I can hear someone say “Is it not just about talking or speaking?”

Communication is probably one of the most underrated skills; no wonder the Toastmasters International makes it their focus.

Excellent communication skills are essential to pitch your ideas to investors, to cast your vision to your team. It is practically impossible to influence people without being skillful at communicating.

After communication, MARKETING is probably the next most important word for an individual or a business.

The truth is, we are all selling something. How well you can sell yourself will influence the rate at which you attain financial freedom. It’s not surprising that Fortune 500 companies spend millions of dollars annually as their marketing budget.

Marketing is about sharing stories; stories that will ultimately convince people to buy your product or service. What sharing stories also does is to help expand your NETWORK.

Entrepreneur Dan Lok said that he will rather spend time with people he has a common future with than people he has a common past with.

The more valuable your network is, the more your chances of escaping poverty and achieving financial freedom.

We probably have been talking about a lot of ideas and “soft stuff” but what makes them all work is EXECUTION.

A renowned NASA scientist said that “one test is worth ten thousand expert opinions”. Execution eats ideation and planning up for dinner. Execution is where the juice is.

There are thousands of other words – codified principles – that their understanding and correct application will help you attain financial freedom.

Imbibe these words and see as they revolutionize your money life.

service2wealth

The Service-Wealth Proportion as a Principle for making Money.

5 min read

I am sure you would like to know the odds of if you’d end up wealthy or if… you know, end up otherwise, who wouldn’t like to know? There are several combinations of ways to know but the most objective and visible way to know is the service-wealth proportion and it is a proven principle for making money.

The ultimate goal for most people is to be financially free – to continually make more money, to live a desired and comfortable life. No one can deny the sense of fulfilment and deep satisfaction derived when bills get paid without anxiety, agitation or pressure from the service providers or creditors. 

Having money sounds good, but making enough of it is a hurdle for a lot of people. 

Make no mistake, wealth creation is not as easy as ABC but it is definitely not rocket science.

The problem most people have in their quest of becoming wealthy is their foundation—parents and school value proposition that has constituted their fundamental belief about wealth. 

Parents invest money to train their children in schools but the schools only teach the functions of money and hardly “How to make money”, so the best they become are employees—salary dependent.

When you look at the billionaires, you become curious about how they made it and keep multiplying their money. 

There is no special secret under the sun. Most of the millionaires and billionaires that you know (or not) followed principles, principles that became their foundation in accumulating great wealth over the years. 

There are a number of “money laws”, but my focus will be on the law of service in this write-up.

Where money is concerned, service is a system set up to meet the specific needs of people over a period of time with the goal of making profit in the end. For instance, car hire is a service set up to solve the problem of people who need mobility but don’t have a car or can’t use their car at that moment. This service runs for a period of time, yet the goal is to make profit in the end. 

Any service you render that only benefits the receiver is called “Charity”.

When your service solves people’s problem, it will increase your income level (it does not necessarily solve your expenditure problem – see how to do that here – Solving the problem of recurrent expenses and giant expenditures).

Every billionaire (excluding inherited wealth) renders some sort of service or sell product(s), and these services make them rich(er) and grow their net worth yearly.

No wealthy person accumulates wealth without solving specific needs in society, they are known with a specific product/service that benefits people. Services can be tangible or intangible as is the case with Microsoft or Google.

In Nigeria for example, the following billionaires are household names with their services:

  1. Aliko Dangote  –          Sugar, flour, cement.
  2. Mike Adenuga  –         Telecommunication, petroleum
  3. Folorunsho Alakija –  Fashion industry, oil.
  4. Femi Otedola  –    Petroleum.

The services they render are known, reaches and benefit a lot of people and enrich their lives. Notice that these services are still relevant. 

As long as your service(s) make lives better, you will make (more) money from it. Therefore, when you fail to create a sustainable system that offers quality and functional service, you may have failed at your chance of becoming wealthy. 

Service is proportional to wealth creation. The more people you serve, the more money you are likely to make.

To put it into perspective, a tailor who sews clothes by himself will serve a limited number of clients, because he is limited first in his mind and consequently by the system he uses to deliver service; in contrast with another tailor who employs hands to sow and supervises, yet their income will pale when compared with an entrepreneur who builds a website/app that links tailors to “anyone” who needs such services (an on-demand model similar to Uber or Taxify). You get the point! 

THE SIGNIFICANCE OF SERVICE

Your net worth is directly proportional to the service that you provide, how valuable the service is and more importantly how many people use your service(s). 

Imagine a world without Facebook, Twitter, Instagram, WhatsApp, Telegram, Fiverr and others. You can relate with Facebook connecting several hundreds, thousands, millions and billions of people. These social media platform made it easy for you to reach anywhere in the world right from where you are. 

Mark Zuckerberg became a billionaire (he became the world’s youngest self-made billionaire in 2007, at age 23,) by solving a specific need and optimizing the services provided per time. Facebook has over 2.6 billion active users in the first quarter of 2020 according to an article published by J. Clement in April 2020.

Imagine the number of homes using Dangote’s products in Nigeria – cooking oil, salt, sugar, pasta, cement and flour. With an estimated population of over two hundred (200) million, if about a hundred (100) million people in Nigeria use his products daily – it is not hard to imagine the outcome.

To make money to the point where you are financially free is difficult without providing service on a large scale – reaching a lot of people. A system that delivers value consistently and constantly will increase your income and consequently make you wealthy. 

THE SECRET TO EFFECTIVE SERVICE

Billionaire secrets are hardly secrets, they are only principles to which they have constantly devoted themselves, this is why they are ahead of others and these secrets are the foundation upon which their beliefs concerning wealth creation stand.

The following are the principles for effective service to multiply your income:

1.  The law of need

Jack Ma was at a point in his life, a young Chinese man who had never come across the internet. After a series of failures in his life, he studied the opportunity of creating E-commerce for the local market in China. He was able to persuade seventeen (17) other people to start the Alibaba that we know today. Alibaba became the channel for local marketer’s to access China products all over the world.

The service that will generate money must identify specific needs or gaps to be filled.  Jack Ma and Jeff Bezos (founder of Amazon) built a service delivery system riding the wave of internet and created a whole new way of shopping that doesn’t need you to move physically.

    2. The law of control

You must be in charge of the system or be able to control the service to deliver promised value consistently. Jeff Bezos started by making books accessible online; more like an online library, and after serving several thousands of people at the early stage, he built the system to include all categories of merchandise and goods. As Amazon grew, the system enlarged to take charge of other retailers and became a huge system with sub-systems of value. 

When you lose control over your service, you lose your money.

Finally, the meaningful and value-full service that you render to people will greatly multiply your income. Ensure that your service is adding value to their lives continuously and in the end, you will have more money in your pocket.

5waysmoneyhide

5 Ways Money Hides From You and Why You Are Probably Still Poor

4 min read
U.s. Dollar Banknote Lot

Money is everywhere, I am sure if you set your eyes on some, you are definitely grabbing them. You did grab all the ones you found, right? The challenge here is all those ones that have been hiding from you. Maybe we can show you a few money hideouts. You could just kit up and call for back up and go bust them there.

Everyone knows that money is a necessity, but as funny as this may sound, some disagree, and it’s the poor that may disagree. why? Because it serves as ease and consolation to them for their lack of money.

We also know beyond a reasonable doubt, that we need money. Take a deep breath, relax and let’s go on a journey to demystify wealth.

 Now, what’s money? 

Do you think money is that paper in your pocket? No! 

You are not shocked, are you? 

Money is Value!

According to Investopedia, Money is a medium of exchange; it allows people to obtain what they need to live. 

The subtle difference between the poor and the rich is their differing perspectives about money.

Poor people believe that ‘paper’ is money and the wealthy believe that ‘value’ is money, and this subtle difference has created a wide margin between the rich and the poor over the years. Anyone can be wealthy, but it’s dependent on how much you value and are willing to get a financial education.

I want to show you five (5) reasons why it seems as though money hides from you!

 

  1. “Relationship”.

A relationship is a form of currency (apart from the paper that we all know) and until we understand that within our relationships lie the ability to pay some bills, we may be unwilling to invest more in our relationships. 

 

By investing more in our relationships, I mean making a conscious effort to build relationships, trying as much as possible to bring something useful (resourceful) to the table. Be willing to give more than you get in value.

 

A wise man once said ‘If you buy everything with your money, you’re still poor’.

 

Invest in relationships, because you don’t know what it will yield tomorrow! A good example of this relationship is that of Bill Gates and Paul Allen.

 

  1.   “Goodwill”.

Merriam-Webster dictionary defines goodwill as a feeling of approval and support (that people have towards you), this means that people love to work with you. 

You have a sense of approval from people and this makes them always want to have something to do with you; it is also similar to having good relationships but this is not limited to the people you know and this can be gotten through integrity. 

Integrity is defined as having a strong moral principle. Integrity gives you credibility and people will relate with you on that basis.

Once people have the assurance that you are credible, they will start lending a helping hand to you. If you’re in business, they want to patronize you.

 

Develop integrity today and watch wealth get attracted to you!

 

 

  1. “Branding”.

Branding is a promise to your customer, it tells them what they should expect from your products and services (John Williams, 2020). Branding is what makes you stand out among competitors. 

It singles you out of the crowd, and what this does is that it attracts people to you (I will always patronize what I know about!). 

Do you have a brand? 

If I type your name on google, what pops up?

When you see Hewlett and Packard – Laptops come to mind.

When you see Microsoft – Windows comes to mind. 

When I see you – whatever comes to my mind is your brand. 

Decide to be intentional about changing and building your brand; that is what you represent to people.

 

  1. “Imagination”.

Imagination is really powerful, folks.

Every other thing on earth may be limited, but imagination is not one of them, it offers you the opportunity to explore dimensions unseen and businesses people have never heard of and guess what? You’re not charged a dime for imagining. 

 

We all imagine, but not all of us are productive with our imagination, and you can be productive with yours. Imagination becomes productive when we become intentional about our imagination, and the more we are intentional, the more our mindset begins to align with our imagination. 

 

So what do you do? Imagine creating value for people around the world (remember we said money is Value), imagine being of Service to people, imagine solving a world problem and the result is that your brain is enhanced to do these things and you’ll see wealth flow in your direction.

 

In the Movie Series Marco Polo, The Emperor Kublai Khan had a blind monk train the young clueless Marco Polo in the art of Kung Fu, during his first lesson Marco Polo learns that Kung Fu simply means attaining Mastery through hard work.

So you could say Jack Ma of Alibaba has attained Mastery.

  1. “Hard work”

The last point which validates all of the other points above is “hard work”. There are no two ways about it.

A lazy man breeds poverty for himself!

In the book “The Millionaire Next Door” Thomas J. Stanley and William D. Danko shared research that shows that wealthy men in America work about forty-five to fifty-five hours per week, that is what it means when they say ‘putting in the hours’!

 Hard work includes persistence, and persistence brings about excellence, and that’s what distinguishes you. Once the world interprets that you value and sell excellence, everyone will want to do business with you, on the flip side, once the world perceives you as mediocre; it is a matter of time before you are out of business,

 It is safe to say that Money hides behind Kung Fu (Mastery)!

Wealth creation is not an impossible thing, it’s just there, all the money there is, hiding in plain sight.

Go get yours!