Photo Of Person Holding Book

3 KEY WAYS TO MAKE MONEY FROM YOUR STORY

6 min read
Stories matter, type writer.
make money from your story

I have a story, you have a story, everyone has a story. Perhaps a tale of “topsy turvy” or a tale as sweet as red velvet cake, whichever the case, we all have stories that we can tell. Let me say that again; we all have stories to tell. You’re probably thinking that your life has been a plethora of terrible experiences. When life gives you lemons, make lemonade. This may sound like a tired old cliché but tell me why you shouldn’t turn a negative experience into something positive. Whatever the case may be, your unique experiences might just be the next award-winning movie script, bestseller novel or a blog post that goes viral.

As anyone who has ever read or listened to an inspiring real-life tale will know, there’s power in telling your real-life story. Candidly, there is money in it. This is one strategy that has helped people make money and amass wealth.

In an earlier published article, we examined how Michelle Obama ‘sold’ her story with her bestseller book; Becoming. Her book is described 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 wife, mother and first lady. Michelle wrapped her life story – defeats and victories, in swaddling silky sheets of words and sold it to us. This reemphasizes my claim that no matter how many negative experiences your life holds; it is never too much or too little to be monetized. 

Here are three categories to consider!

  • Write it
  • Speak it
  • Productize it
Photo Of Person Holding Book

WRITE IT!

Writing is not limited to books as most people assume. Writing is telling a story and there are several platforms through which this can happen like; movie scripts, self-help books, novels, autobiographies, memoirs, blogs etc. Let’s examine a few.

Novels or Self-Help Book

Writing books is one of the most common ways through which people monetize their stories. You could decide to make a fiction out of your life’s experience like Buchi Emecheta’s Second Class Citizens. Emecheta used this fictitious work to describe her ordeal as a Nigerian woman during her early years as a girl child, her marriage and an African overseas. 

Let’s also consider the author of In The Red: The Diary of a Recovering Shopaholic, Alexis Hall as an example. After amassing £30,000 in debt, she used the crisis as inspiration for her lighthearted novel. According to Alexis, she had reached rock bottom and writing a diary helped her to realize how reckless she had been with her spending. 

Alexis started writing her diary without any thought of turning it into a book but was convinced by her friends to contact a publisher after they read it. 

Alexis wrote about a subject very close to her heart and managed to strike a chord with readers who were looking for witty, upbeat advice on dealing with debt. So your life’s defeat or victories can be a lesson to guide others. 

Other examples include Ben Carson’s Gifted Hands, Donald Trump’s Art of the Deal and Art of the Comeback, Robert Kiyosaki’s Rich Dad, Poor Dad and many more.

Media space (Blog, Linkedin influencers, Facebook etc.)

Perhaps the idea of writing a book may seem overwhelming; dominating media spaces is another great opportunity. This can be done by setting up your own blog or using your Facebook page to further promote your brand which is a representation of who/what you are. These should be options to consider since they require shorter articles and writing for them will not be overwhelming. 

All you need to start blogging is a hosted web domain name and something to say. Don’t worry if you’re a first-time blogger: setting one up is quick and easy. Also, the beauty of owning a blog is that there is no restriction as to what you can write about. So feel free to express yourself.

If you have been through problems and have come out the other side, your insight and hard-earned wisdom could be a life-saver to others.

There are numerous blogging platforms out there offering sign-up, templates and hosting for free like; WordPress.org, WordPress.com, Squarespace, Blogger and many others. 

If you want other people to read your blog, let your friends know about it and ask them to tell anyone they think might enjoy or benefit from reading it too. Set up a Facebook page for your blog, where you can post updates regularly and then share them on your own personal timeline too. If you use Twitter and Instagram (which you should) start building an audience here too. You might be surprised at the community you manage to build through simply telling your story!

Once you’ve managed to get a bit of blogging momentum going, it’s time to make some money. You can do so through advertisements; Google Adsense and affiliate programs.

Starting a blog first is a great idea and will also help you find your voice (and your audience.)

Write a Movie Script

Great movies are usually inspired by true life’s experiences. Either as a true story, fiction or even SciFi, your life’s story can be an inspiration to write a script. Some successful screenwriters have confessed that their scripts came as a result of an experience they or an acquaintance had. Although some scripts can be exaggerated and characters can be creatively introduced, it still doesn’t take away the fact that the script was inspired by real-life events.

Emphatically, if writing a book seem less interesting to you, then write a drama. Create your own drama by weaving your life into a plot. Include those who have played a role in your life as your characters and give us a lesson to learn. Maybe you have just come out of a terrible relationship, that story might be the next Tyler Perry’s Acrimony

This idea might be a little tasking to those who have no idea about scriptwriting. A little researching will help you out on how to begin. 

SPEAK IT!

A lot of people do not know that people get paid in millions just for speaking. I’m not just referring to motivational speakers but also vloggers, TV show presenters, podcasters etc.

Speaking about motivational speakers, I was shocked when I first found out how much some of them earn (as high as $10,000 per speaking engagement!). Your life is a story worth a million dollars! Your failures, successes, wars, battles, victories, laughter, tears can inspire and motivate. Motivation is a business that sells now with an increasing rate of depression and suicide worldwide. People look for stories of those who have fought wars and overcame them or even stories that make them feel like they are not alone in their problems. 

Your pain is your purpose, your frustration is an opportunity to teach, your mess becomes your message to empower. There are a thousand and one people out there waiting to hear your story, waiting to be inspired by you and you can also tell them using podcasts.

Vlogs are not exempted. Make short videos of yourself speaking, sharing an experience. You can ask your friends for help to record and edit. Post these videos online (Youtube, Instagram) and from there you can build your network which becomes cashflow. 

Don’t forget TV shows. We’ve had some pretty popular and rich people who made it through speaking on TV shows. People like Steve Harvey and Oprah Winfrey are examples. 

As well as Writing, Speaking is also telling a story.

PRODUCTIZE IT!

Robert Kiyosaki, Jim Kwik, Darren Hardy, Brian Tracy and most super successful entrepreneurs have this in common. They PRODUCTIZED their stories. That is, they re-invented their real life’s experiences, into a company/product people loved, which made them lots of millions/billions.

Have you ever thought of creating a product or a company? Your story can inspire an innovative solution to problems that many other people face, and would most likely pay for.

Below is a most recent example of productizing your story;

Growing up, my grade 4 teacher loved to give us mental sums. She would call out some figures for us to multiply, add, subtract or maybe divide and give us about 30 seconds to figure it out. I always failed my mental sums. I hated it because I never did well in it but I excelled in spellings.

One day during mental sums period, my teacher asked us to multiply to figures. As usual, I was about to write rubbish till it suddenly occurred to me that I actually did know the answer. Since that day, I started passing my mental sums.

Now, what happened to me was that I realized that all I had to do was to do quick mental reasoning. Before then, I was mentally lazy and not willing to think because I had already accepted that I didn’t know the answer and I could never excel in mental sums. I noticed this is one of the major reasons why most students are very slow to learning.

As a result of this experience, I have committed myself to help students realize that at times, a little reasoning is all that they need. I’ve proven this in my 5+ years of experience teaching kids who need special education.

Inspired by this experience, I’m currently building a platform that will provide special education to children of all ages who are slow to learning.

Damilola Oyedeji (Founder, Ariella)

So yes, your story can be a solution to the problems that others face.

Some others who have done this include; Robert Kiyosaki- the Rich Dad Company and Jim Kwik- Kwik Learning.

It is very common to find that many entrepreneurs create their products with inspiration from their personal stories (problems, challenges, background, setbacks, accidents etc.) which in turn has helped them, to acquire wealth.

In a nutshell, it is unfair to you and humanity if you waste your beautiful stories by keeping them untold yet, you wallow in poverty. Your story is yours; it is your a powerful tool to breaking wealthy grounds and I hope to see you at the top one day, sharing your personal experiences in whichever way you choose. 

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.

Sculpture, Monument, Statue, Boy, Girl, Naked, Art

YOU’LL DIE POOR IF YOU DO THESE 5 THINGS!

3 min read
Sculpture, Monument, Statue, Boy, Girl, Naked, Art

Financial freedom is more attainable today than it was a decade ago. Yet, more and more people are drifting to poverty every day. The poor seem to be getting poorer and the rich getting richer. Living rich is a possibility, so is dying poor. The road to financial freedom is not like the Yellow Brick Road. It entails more than signing up for newsletters or simply wanting to be rich. If you want a transformation in your life, if you don’t want to die poor then you have to stop doing these things.

1. Financial Self-Denial

Self-denial is a coping mechanism our minds create when we’re faced with tragedy or when we have to deal with an unpleasant situation. Financial self-denial is simply not accepting (or not wanting to accept) your financial situation. It is seeing your money with rose-coloured glasses.

You’re in financial self-denial when you;

  • try to put money and finances out of your mind.
  • avoid talking about money with family and friends.
  • avoid opening bank statements.

Research has proven that many people would rather bury their head in the sand than identify the root of their money problems. You can’t go anywhere if you do not even know what is stopping you from moving. Humans are designed to enjoy comfort but money hates comfort. If you do not accept whatever your financial situation is and if you do not work towards transforming it, then you most assuredly are not far from poverty.

2. Waiting For Luck

The rich are not just lucky people. Yeah, you might say that they are “LUCKY”. They’re lucky enough to have the brains to think big, work hard and diligently, and pursue their dreams. So you see, making money is “LUCK” but not the kind that does not appreciate hard work, diligence, persistence, or thinking big which are all ingredients of success. Just like Benjamin Franklin puts it; “Diligence is the mother of good luck”.

Success honours principles. So if you feel one day you’ll get lucky and hit the jackpot, you might. But hitting a jackpot is not attaining financial freedom. These are two different things. Don’t wait around for luck, it may never come. Spending years waiting on luck without working towards attaining your financial dreams would leave you depressed and most likely broke, because like I said, luck may never come. That’s why many die poor. Remember that opportunities come only if you are ready for them.

3. Dwelling On Past Mistakes

Dwelling on past mistakes is not good for your mental health, as much as it is bad for your financial success. It will only limit your growth. We’re all imperfect beings so we are bound to make mistakes and that is okay. A mistake only becomes stupid if we don’t let it go. Maybe you made a bad investment or maybe you didn’t take advantage of a good situation, or maybe you spent all your money on irrelevant things. Blaming yourself and not moving forward would cost you your wealth. No rich man was made in one day. Robert and Kim Kiyosaki were 1 million dollars in debt when they decided to do something about their situation. Because they didn’t let their mistakes define them, today they are not only stinkingly rich, they’ve helped thousands to be financially free. 

4. Self Deprivation

In some sense, self-deprivation is good. Dieting, fasting, even budgeting are all good ways of depriving self. But when you move to the other side of the coin, you see a lot of damage self-deprivation can cause to your money life. That I can’t afford it mentality many of us have, is a giant lie we tell ourselves and others. Saying “I can’t afford it” programs your brain to be lazy, hence things will only get worse. Instead, ASK “how can I afford it?” That way, your brain is put to work and will find the solution on the way forward. I hear tons of people say they can’t afford to invest, or start up a new business and I’m always shocked. Why? Because you can! Why do you good debt, financial plan, business plan, angel investors, and many other financial tools exist? These tools are there so that you can always do what you need to get yourself closer to financial freedom. Again, more reason why you NEED financial education; that’s the purpose of NgMoneySeries.com.

5. Laziness

Action always beat inaction. The primary reason why a lot of people would die poor is that they are lazy! Lazy about learning, lazy about planning, lazy about investing, lazy about money. The Holy Book says “A nap here, a nap there, a day off here, a day off there, sit back, take it easy – do you know what comes next? Just this: You can look forward to a dirt-poor life, with poverty as your permanent houseguest!” Which means a lazy man today will definitely be a poor man tomorrow. If you’re lazy, you’ll die poor.

I want you to examine yourself and your financial life and identify every problem with your habits and your attitude towards money. Knowing the problem is the first step to solving it. However, “information does not cause transformation”( JW Wilson ). You actually have to work to transform your life. Like I said, living rich is a possibility, so is dying poor. It is up to you to decide which you want.

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. 

Red Lamborghini Wealth and Luxury

DO YOU WANT TO CREATE WEALTH? DO THIS DAILY!

4 min read

Red Lamborghini Wealth and Luxury

In life, desire is not enough. We can yearn for good things but nothing ever happens unless we make things happen. Wealth creation doesn’t happen in a day neither will it happen just because you desire it. It takes consistent deliberate effort to build lasting wealth. Which means wealth creation requires continuous (daily) work and a key fundamental aspect of it is knowledge – in other words, wealth literacy – or as many often put it; financial education.

Our school system has downplayed the importance of financial education so it is up to us to get the knowledge we need outside the four walls of the school. Education is in fact “the first step toward changing your life” (Kim Kiyosaki).  The rich get richer because they never stop learning. You cannot achieve anything great if you refuse to learn. As a result, if you truly desire to be great, you MUST imbibe the habit of continuous – DAILY – learning.

Car interior luxury rear seat
wealth

WHAT IS FINANCIAL EDUCATION

Financial education goes beyond teaching your kids or yourself how to save money. It is about knowing how to make, manage, plant, grow, multiply and keep Money. It is the understanding of the language of money and the skills required to multiply it. Financial Education is the education you MUST HAVE to BE RICH! Financial education is very important in wealth creation; which is why the absence of it in our traditional learning environment affects your finances and your ability to make good financial decisions.

It might surprise you to know that some people do not believe there is much to know about money. Why? Because they’ve been conditioned to think wealth creation is for a selected few and that it’s a thing of “destiny”. Beliefs like these are the primary reason why people underrate financial education.

However, for those who desperately want a way out of the limbo that society has created, you need to know just how to educate yourself about money. Luckily, knowledge can be acquired in different ways.

Read

There is something common among all the billionaires and millionaires of the world and that is they all read. Books have proven, since the beginning of times, to be great and necessary resources for achieving greatness. Every rich man knows this. Never underestimate the power of reading a book. Mark Cuban reads for 3 hours each day, Bill Gates reads a book every week (52 weeks equals 52 books), Warren Buffett reads 500 pages every day; news alert – they’re all rich! The thing about knowledge is that it builds up like compound interest. It’s never a mistake to read. Develop the habit of reading. It doesn’t have to be a book, it could be a blog or an article. In fact, you’ll never know how much you can learn from reading the business column of the newspaper every morning. A great place to start is by visiting ngmoneyseries.com daily. Our blog posts promise to equip you with the right knowledge needed to get you to financial freedom.

Listen To Podcasts

Not everyone is a good reader and that’s okay. If you do better at listening then podcasts were made for you. Podcasts are a great way to learn about various topics of interests. You can learn at your own pace and you can listen anywhere anytime. So instead of listening to pop music on your way to work, tune in to a financial podcast. The iTunes store has plenty of beneficial podcasts, so you can start there. You can listen in chunks and learn from different people from different parts of the world.

Follow NgMoneySeries weekly podcasts on Instagram and Youtube.

Play Games

Okay, this might sound hilarious to you but do not ignore this point. Games are effective tools for learning. For example, Chess teaches you strategy and emotional intelligence. Even video games can teach you a thing or two about leadership and cooperation especially if you’re playing in a team. In Economics, there is in fact something called Game Theory. It teaches how to use the principles of games to make wins in real life. As it turns out, game theory can be applied in every aspect of life. So in addition to reading and listening to podcasts, challenge yourself each day by playing a thought-provoking game. And in turn, use what you learn in trial financial games online. That way you get an insight on reality. Besides it is better to practice with fake cash than your life savings.

One of the games you should learn how to play, and also play often is Monopoly. It teaches you a lot about money management, wealth building, and financial freedom.

Build Good Relationships

Every day is a chance to connect with someone new. The power and position of men are too crucial to be ignored in finances. You picked most “life lessons” you know today from someone, either consciously or subconsciously. Your parents/guardian, teachers, spiritual leaders, siblings, friends, colleagues, neighbours are all practical examples of why you shouldn’t ignore the effect of relationships in your success/failure; because they’ve all influenced you (habits, behaviours, mindset, thoughts, aspirations, desires) one way or the other, either positively or negatively. Your network of people can either help you achieve financial freedom or lead you to poverty. So every day, build on your existing relationships with the right people and connect with more. Have conversations about money and you’d be amazed how much people know or don’t know. One financially sound man in your life can change so much for you.

It doesn’t really matter how you learn, just that you learn. Go online, sign up for courses, talk to people, attend business conferences, read blog posts like ours, do what you need to! And do it every day.

I’ll leave you with this quote below;

Focus first on your education, then the money will follow”

Robert Kiyosaki

Social media icons set in dollar currency symbol shape illustration

3 UNCOMMON WAYS SOCIAL MEDIA CAN MAKE YOU RICH: No. 3 will blow your mind!

5 min read

Social media icons set in dollar currency symbol shape illustration

What is Social Media?

I won’t bore you with complex definitions. So, don’t worry. At least, you’re here to know how social media can make you rich, not some “booky” definitions.

Social media is, simply put, a suite of online services that facilitates two-way
communication and content sharing – beyond national and international borders.

To simplify it further, social media allows you, me, everyone, and anyone to connect, create and share contents (gists, tweets, posts, videos, pictures etc) with and for one another, online, i.e. without physical interactions.  

Examples of social media platforms: Facebook, Youtube, Twitter, …. okay, you know them already. 

Social Media: A King in the Jungle

Just as you may also know, social media is one of the most powerful tools used by businesses and industries for brand recognition and revenue growth. The power of social media is in the “social”, as much as it is enabled by technology. There seems to be no limit to what can be done and achieved with social media.

This brings me to why you’re reading this article in the first place…

Social Media CAN make you RICH!

Exactly!

The purpose of this article is to tell you and SHOW you how…

Social Media CAN MAKE YOU RICH!

So I’m not here to bore you with definitions or facts you already know. One of which is; there are more than 3.81 billion social media users worldwide, and it’s getting crazily bigger, daily! 

“How does this FACT apply to me”?

MONEY FLOWS THROUGH PEOPLE.

YOUR Money is with PEOPLE. 

MOST OF WHOM HANG OUT every day ON SOCIAL MEDIA.

You can become the next millionaire using social media. All you need to do is SERVE people with/through/on/by social media

If you have a simple gadget that can access Whatsapp, Facebook, Instagram, etc… then you should not be BROKE! Yes, you can BE RICH…. with just that!

And I will show you how!

3 UNCOMMON WAYS Social Media CAN make YOU RICH!

  1. The Jeff Bezos Way

Jeff Bezos became the world’s richest man using an old multi-billion dollar trick – AFFILIATE MARKETING. Yes, Amazon is an affiliate marketer. Affiliate Marketing simply means selling other people’s products. The supermarket down your street is an affiliate marketer, provided, it doesn’t manufacture the items it sells.

So also, is Jumia, Shoprite and even YOU – anytime you sell other people’s products.  

So Jeff Bezos built his MULTI-BILLION DOLLAR income stream using the POWER of AFFILIATE MARKETING.

Who says you can’t do the same? If not billions, at least millions… that sounds good, right? (who says you can’t make billions anyway). Yeah, I think so. Imagine what an extra (steady) 1 million weekly will do in your life. Just Imagine. Imagine the possibilities!

The good thing is that social media makes that SUPER FREAKING EASY and MORE ACHIEVABLE FOR YOU! 

You only need to LEARN HOW to USE Social Media to become a successful Affiliate Marketer.

And the easiest and fastest way to make money with affiliate marketing via social media is by selling digital products; books, training, courses, etc.

There are thousands of successful digital products that you could sell online and start making up to N500,000 to 1 million and even more within a week, depending on how serious and hungry you are.

Steps to take:

  1. Find a reputable and successful affiliate platform (there are lots of shit out there). We personally recommend just 2; Amazon Affiliate Program and LearnoFlix Affiliate Program. For a beginner, it’s best you start with the latter. Amazon’s affiliate program requires lots of expertise that takes time to build. LearnoFlix has made many youths millionaires within 6 months to a year. You could start your Affiliate Journey HERE.
  2. Register as an affiliate: Most will require that you pay a registration fee before you get access, as their affiliate. Which shouldn’t be difficult for you anyway, cos it’s mostly very affordable. However, Amazon is free, but as I said earlier, it requires a kind of expertise that you may not have right now and would cost you more money and time to develop. Moreso, amazon’s commissions are low (10-15%) compared to other platforms which pay up to 40-50% and even more.  
  3. Go through the training: the best affiliate platforms also train you and mentor you till you succeed. This includes training on how to properly market the products and close sales. All you need to do is to “copy and paste” their blueprint. That’s all.
  4. Start selling the products
  5. Start making lots of cash

 If you feel like Affiliate Marketing is good stuff for you. CLICK HERE, for a FREE Training on how to get started.

  1. The Mark-Dorsey Way

Mark Zuckerberg after successfully creating the Facebook web app initiated a trend of special kind of global socialization tech, which ushered in a series of social media innovations from Twitter to Snapchat to Tik Tok.

2 years after Facebook launch, Jack Dorsey and co. launched Twitter,  with a crazily different set of tweaks. which performed superbly great.

Both Facebook and Twitter were adopted globally, by almost everyone. The power and inevitability of these platforms soon became glaring for big and medium-sized corporations. They could see a new, unlimited and more effective way to reach and interact with their customers and prospective customers. A more controllable and predictable way to attain higher revenue growth and increased brand awareness, and good PR.

Hence, the need to have a strong social media presence.

Unfortunately, most of these old school managers, directors and CEOs, have no idea how to use this new tech, to promote their brands. So they need to find new and young blood who could fathom the science behind the social algorithms and wield its power.

This newly created social VACUUM created the advent of what we now call “social media administrators/managers” or as we know for political/public organizations, “social media handlers”.

These are mostly independent contractors (individuals or agencies) who handle an organization’s social media profile pages. Basically, they create and post regular contents, increase followers, or fans base, handle customer’s complaints and more.

Interestingly, for most, it is a work from home job, which pays as high as N150,000 – N500, 000 per month depending on the company and your expertise.

Otherwise, for a beginner, you could start growing your income from N20,000 per month and then grow it up gradually as you build expertise and experience. This is where it gets more interesting. Imagine you manage just 5 companies, who pay you N200,000 monthly each; that’s a million naira per month! 

Another cool thing is, it has no limit. You can have international clients, provided you can do the job WELL.

  1. The Million Naira WhatsApp Mystery

WhatsApp is probably the first thing you set up immediately after you got a new smartphone. Why? It helps you communicate with friends and family and it provides a means of keeping tabs on your loved ones. It’s that important to you. If only you know how MORE IMPORTANTER it could be.

WhatsApp is the fastest growing social media networking application in the world with a user base of over 1.3 billion. 

Unfortunately, many are yet to tap into the MILLION NAIRA WHATSAPP MYSTERY!

You could make MILLIONS (yes, MILLIONS) via your common-green-chatbox Whatsapp!

This is for two categories of people.

  1. An entrepreneur; you already sell products or services.
  2. Budding Entrepreneur: You don’t have any product or service to sell, YET.

For the first category of people. Whatsapp is one of the key ways to CLOSE Sales. You would make more sales if you know how to use Whatsapp for that purpose. 

For the second (and also first) category of people, imagine you have 1000 contacts and you could find a way to make each of those contacts to contribute (buy something) $1 dollar to you every day, that’s $1000 ( ~4 million naira) DAILY. Wow!

Not possible? Think again.

On a worst-case scenario, you could make up to N50,000 weekly with your Whatsapp. Still cool, right?

Okay, you don’t have to believe me. You could watch how to do it yourself here for FREE!

Before you go all Thomas on me. CLICK this LINK first

Come back here to thank me later. 

In Conclusion

LEVERAGE ON THE INFORMATION ABOVE, and become FINANCIALLY FREE.

BE YOUR OWN BOSS. MAKE PASSIVE INCOME. MAKE MILLIONS.

Learn Affiliate Marketing.

Become an Expert Social Media Administrator/Manager

Make Millions on Whatsapp.

 

 

Portrait happy woman in glasses has a successful idea under money rain isolated on gray wall background with bright light bulb above head

YOU WANT TO MAKE MONEY? DO THIS…

4 min read
Portrait happy woman in glasses has a successful idea under money rain isolated on gray wall background with bright light bulb above head

Everyone wants to have MONEY. I’ve never for once heard “NO” anytime I ask people, “do you want to make/have money?” Never! The answer has always been a resounding “YES”. Some even consider it ridiculous to be asked such a question. Who doesn’t want to make/have money? Who doesn’t NEED MONEY? Not necessarily because of MONEY itself but because of what money can BUY. Undoubtedly, money can buy A LOT! We all need money because of what money can get for us; from the basic physiological needs (food, shelter, clothing) to the self-actualisation needs.

Because everyone needs money. It is the one essential, universal commodity that will remain relevant regardless of economy or time.

In summary, YOU, yes YOU reading this. You desire to have money, and have it in abundance. So the question is; how do you achieve this? what do you need to do to make money, and more money? 

DO THIS: Have The Mindset Of A Rich Man

Wealth creation begins from the mind. The richest people believe that “success, fulfilment and happiness are the natural order of existence” (Steve Siebold). There is no way you can make money if you do not believe it is possible. There is a huge difference between how the rich man thinks and how the poor man thinks. A poor man thinks, “I can’t afford it”; a rich man thinks, “how can I afford it?”. Money is for everybody and anyone can be rich. The millionaire status is not for a selected few; unfortunately, it seems so. Because only a few have the right money mindset.

Success, fulfilment and happiness are the natural order of existence.

Steve Siebold

DO THIS: Become Financially Literate

Unfortunately, money is not taught school. Yes, economics, currency, business education etc are taught in school. But, not with the mindset of a rich man. The school system was not built to make people rich. It was built to create employees, who will work for the rich. I’m not saying, “don’t go to school”. But know this, financial education is not taught in school. The habits, mindset, attitudes that you must develop to be rich, are not included in the conventional school curriculum.

So, if you want to make lots of money, be financially literate. All you need to do is find the right teachers, learn from them. Not the conventional school teachers, who “know” everything about economics, but are not rich. I’m talking about teachers who do what they teach. You need REAL FINANCIAL EDUCATORS. www.ngmoneyseries.com is one! WE ARE HERE TO HELP YOU MAKE THE KIND OF MONEY YO DESIRE!

You could start your financial education journey HERE.

DO THIS: Develop Money Habits

Making money comes down to developing good money habits. As we all know, “habits are the cause of wealth, poverty, happiness, sadness, stress, good relationships, good health or bad health” (Thomas C. Corley).

The right money habits lead to wealth. The wrong money habits, well, poverty. Know more about habits here.

habits are the cause of wealth, poverty, happiness, sadness, stress, good relationships, good health or bad health

Thomas C. Corley

DO THIS: Use Your Skill

What better way to make money than to use that which you have already. Use your skill. You do not have to be a Jack of all trades to become a millionaire but you have to be a master of many. Develop money-making skills.  There are so many platforms that allow individuals especially young people, to make money using their skills. There is Fiverr for writers,  YouTube for content creators and so many more.

DO THIS: Invest

This article would not be complete without this point. Investing is the surest way to make money “easily”. Thankfully, our digital world has made investing so much easier. You cannot escape spending money on liabilities, so you need to be smart about your money. For instance, if you purchase a car, you should also have an investment portfolio that provides passive income to cover car maintenance. And do not just invest in one venture, have multiple investment portfolios. Create multiple streams of income. Invest like the rich do.

DO THIS: Set Specific Money Goals

Setting goals has a way of creating a sense of responsibility. You do not become a millionaire in a day. It is a process; a journey of one checkpoint to the next. Setting specific money goals will help you make money because it gives a clear picture of where you are headed. And the sense of fulfilment that comes from meeting those set goals, is the perfect motivator to move on to the next. It helps you keep track of growth and keeps you hungry for more. 

DO THIS: Use The Shared Economy

The shared economy firms are technology-enabled platforms that provide users with temporary access to resources that may be crowdsourced. The shared economy began in 2010 and is currently worth $50 billion and will grow exponentially by 2030. Examples of the shared economy business model are Uber, Lyft, RTR, AirBnB etc. The shared economy is one of the most profitable businesses right now in the world mostly because of its digital nature. One of the perks of this economy is that it grants temporary access to resources that are not yours. So you don’t have to purchase those resources but you can use them and make a ton of profit. Besides investing and commercializing your skill, the shared economy is one of the best ways to make money today.

DO THIS: Be Friends With Successful People

There is an old saying, “Show me your friend and I will tell you who are.” The importance of relationships can not be overemphasized. Rich people are friends with rich people. So if you want to make money, be friends with people who already do that. Whether they are business owners or high earners or investors, be friends with them. Building a community of wealthy people leads to wealth itself. If the people around you are not money conscious, you can not make money. Directly or indirectly, your friends influence your finances.

Desire alone can not bring money to your pocket. You have to DO! TAKE ACTION! Another point to note is to never be comfortable with your money status. Be hungry for more and with the right goals, right knowledge and right people around you, you can make money fast and easy.

Round Silver-colored Liberty Coin

WHAT IS MONEY AND HOW DOES IT WORK?

4 min read
White Money Printed Card
what is money

What is Money?

When you hear the word money, what comes to mind? Ten naira note, fifty naira note, one thousand naira note? Or do you think of your bank account and the load of cash you have stocked up in it?

What is Money?

While trying to define what money is, let’s look at what is not.

  1. First and foremost, money is not a naira bill, a cheque or penny. It is neither gold nor silver. It is definitely not cowries or stones neither is it a credit card. These things may represent money but they are not money.
  2. Money is not just an object generally accepted as payment for goods and services and repayment of debts.
  3. Money is not a material substance. 

Having looked at what money is not, the question of what money is arises. Before going any further, let’s look at some conventional definition of money.

  1. Money is a good that acts as a medium of exchange in transactions and facilitates trade. It is a good not used for its own sake but the sake of exchange.
  2. Money is trade. Money is an evolved form of trading goods and/or services. Instead of trading goods for goods and services for services, we use money to delay one half of that transaction.
  3. Money serves as a store of value.
  4. Money is neither good nor bad but is a tool which can be used for good or bad purposes or goals. WHAT you use your money for is an indication of what you VALUE in life or what seems to be more important to you at a given point in time.
Round Silver-colored Liberty Coin

Materialism, Money, Wealth?

Firstly, money is not wealth neither is it materialism. There’s a common unspoken belief that money is wealth and a common perception that money is not just in paper notes but also in houses, cars and material possessions. I beg to differ (not negate). Money is much more than material or physically seen things. If we say money is materialism, what if all your money was stolen and you lost your house, car, possessions and all? Will you say that you have lost it all? Remember where all the money came from, why you have it in the first place, have you lost those too? 

Money is your ability to see the need in you and others. It’s the ability to tell the need in society and use your skill in solving such needs. So, if you were to lose all material things but your skill and your ability yet remains, have you lost your money?  Money is like a symbol for favours that you can call in from other people. Money is your ability to see the needs of your fellow men and women, and your drive to help them.

Unfortunately to many, money feels so tangible and cold and solid and real, that it has become so easy to start believing that it actually is. But we must remember that the value of money is not in the piece of paper, metal or numbers on the screen. It is what they represent that is of actual worth.

Round Silver-colored Liberty Coin

How Does Money Work?

Money is a means to wealth. Money is your skills. It is your time spent in helping others and in developing yourself. Money is value. The reason you have money in your bank account is that you have at some point provided valuable services to your fellow man. That’s the major reason people receive money or rather favours that they can call in. If you don’t give, you don’t receive.

Money can be gotten through other means, sometimes. You might win it, get it as inheritance, or steal it. But that money can be fickle and gives a false sense of security because when the money is spent, it is spent. Money is more interior; it is like a mindset. It is not paper or house or car or whatever; those things when they burn become ash.

Give and it shall be given to you

Money is being able to provide help. It works like this; if you give to others, they will give it to you. If you save others, they will save you. If you learn a skill that helps a lot of people, that will keep you fed. These things are not material things and cannot burn.

Money responds to the right mindset. Robert Kiyosaki said “the reason I have so much money is that I don’t say I can’t do it! I just say how can I do it? And then I just go and do it!” 

At first, I wondered how saying “How can I do it?” is the reason he has so much money. Listening to him further, I realized that money responds to mindset. A mindset of possibilities can make things possible. That’s the difference between rich dad and poor dad. Rich dad never says, “I can’t afford it” only the poor dad yells that at his kids.

These are a plethora of truth about money and how it works. Money is not the twenty thousand naira in your bank account right now but the twenty thousand ideas in your mind waiting to be explored. Money is in the skill you possess, the passion that rules your heart and burns your soul. Money responds to value and a mindset of possibilities. Conclusively, money is not just money (paper notes); money is deeper than money (paper notes). 

businessman use pliers to cut the chain and free himself from debt metal ball. Financial freedom concept.

HOW TO SAVE YOURSELF FROM ENDLESS BAD DEBTS

3 min read
businessman use pliers to cut the chain and free himself from debt metal ball. Financial freedom concept.

BAD DEBTS = BIG PROBLEM

Bad debts are like quicksand – if you don’t do something about it, you would sink in deeper. And if you make the wrong move, you would still sink in. For many businesses and individuals, bad debt is an ever-present threat. It is an economic nightmare in fact. No one likes to be in debt and you wouldn’t be reading this if you do.

Pencil Eraser Erasing Debt Word Close-up Of Pencil Eraser Erasing Debt Word On White Paper Debt Stock Photo
Bad Debts

Alas! Hating bad debts doesn’t save you from it. Interestingly, one debt always leads to another and then to another, so it’s important that you learn HOW to save yourself from endless bad debts.

Before it’s too late.

HATING bad debts DOESN’T SAVE you from it.

NgMoneyseries.com

FIRSTLY, WHAT ARE BAD DEBTS?

Not all debts are bad, so you need to know what exactly bad debts are. There are god debts also. Yeah. Debts that you MUST have because they are SUPER GOOD!

Robert Kiyosaki, Bestselling author, Rich Dad, Poor Dad, defines Good debts as debts accrued to purchase assets (whatever brings in more money into your pocket) while Bad debts are debts accrued to purchase LIABILITIES (whatever takes money out of your pocket) and DOODADS (they look like assets but are not assets; e.g. your car, your house).

Now that you know what BAD DEBTS are, let me guide you through how to save yourself from ENDLESS BAD DEBTS.

1. Identify Patterns

There is hardly anything like “a coincidence” when it comes to money and its management. Bad debt is a resultant effect of an error in money management. The first step in saving yourself from endless bad debts is to identify all your money patterns. What do you do first when the paycheck comes? How did you get to this point? What do you spend more money on? “When I owed this money, what did I use it for… when did I pay it”?

Humans are creatures of habit and debt is a habitual action. Remember I said one debt always leads to another. Sit down and analyze your money patterns and habits. Knowing the cause of the problem is the first step to solving it.

2. Keep Track Of Expenditure

Now that you know just how much debt you are in or how bad your money management is, the next step is to record. Keep track of expenditure. Everybody in bad debt has one thing in common, they don’t keep track of their expenditure. Impulse purchases lead to bad debt. If you do not have your expenditure in control, you will always have to deal with bad debts. Record absolutely everything.

3. Categorize And Prioritize Spending

In addition to keeping track of expenditure, you need to always categorize and prioritize your spending. A great way to start is by budgeting based on priority. Settling bills should always come before shopping and needs should be prioritized over wants. That way, you do not run out of the basics and you can save yourself from debts.

4. Make More Money

 If you want to live a debt-free life, then make more money. Who doesn’t want luxury? We all do. It’s annoying and frustrating to have to save up before we can purchase a need/want. Downsizing your expenditure is no fun but it should be done when the need arises but ask yourself, “for how long would you keep downsizing?” So make more money. If you have been thinking that saving would be enough, then think again. With multiple streams of income, bad debts can be avoided altogether.

5. Employ The Three Piggy Bank Rule

Robert Kiyosaki explains this in his book The Beginner’s Guide To Personal Finance. Technically, the three piggy bank rule has to do with paying yourself first, at least 30% of your income before you pay others.

  1. Savings account (10% of your income): Have general savings account for future emergencies
  2. Investing account (10%): a personalized account for investments
  3. Charity/ Tithing account (10%): Give towards a charity or religious course that you believe in.

6. Control Your Emotions

“If you cannot control your emotions, you cannot control your money”

Warren Buffett

Robert Kiyosaki said, “emotions are the biggest cause of financial problems.” There is something called “stress-shopping”. It is when you spend money to relieve stress or to deal with depression. Such purchases often lead to bad debts. So you buy something in a bid to feel better, you owe some money at the end, and you realize that the purchase didn’t even make you happy.

In summary, not controlling your emotions will lead to bad debts. If you have your emotions in check, then you can have your money in check.

7. Know your money

Finally, know your money. Learn, unlearn, relearn. Embrace financial education. For instance, if you don’t know the difference between assets and liabilities, good debts and bad debts, savings and investments; you have a long way to go. so, START NOW! Financial freedom is a journey that begins with knowledge. 

In conclusion, saving yourself from endless bad debts goes beyond getting out of your present debts. It extends to knowing how to prevent bad debts altogether. 

Aliko Dangote | TIME

12 MONEY LESSONS ALIKO DANGOTE HAS BEEN TRYING TO TEACH YOU

4 min read
Aliko Dangote | TIME

Aliko Dangote started his company “Dangote Group” in 1977 as a small trading firm in Lagos and it has grown to be the largest industrial conglomerate in West Africa. As one of the most influential people on the planet, he is well respected and looked up to by millions of people. Dangote’s journey so far is characterized by increasing exponential wealth, but do you know there are money lessons his life has been trying to teach you?

Below are 12 lessons on money you can pick up from Africa’s richest.

Aliko Dangote and his slide from $25 billion to $7 billion | Nairametrics

1. Leverage On Other People’s Wealth

The first money lesson we can pick up from Dangote is to leverage on other people’s wealth. At age 21, he borrowed $3000 from his rich uncle to import and sell agricultural commodities in Nigeria and he managed to repay the entire loan within three months. Dangote’s story is incomplete without this fact.

2. Hard Work Pays Off

Wealth creation requires hard work done smartly. In our daily pursuit of wealth, we need to always remember that hard work pays. Dangote is who he is today because he relentlessly pursued after his goals, and still does. He is committed to his vision and he is hard working.

3. Good Debt Is A Great Tool

Good debt is debt owed for the purpose of investment and businesses. Dangote from the start of his career understood the concept of good debt. He borrowed money from his uncle which he used to kickstart what would be known as The Dangote Group that we have today. He’s using the same technique for his refinery now.

4. Diversify

Dangote has multiple investment vehicles – Agricultural processing (salt, sugar, flour, milk, pasta, noodles), cement production, Real estate, oil and gas, steel manufacturing, banking, and telecommunications. So when you see his net worth increase yearly, do not be surprised. He doesn’t get money from just one product or one sector. That is not only commendable, it is a wise lesson to learn.

5. Be An Opportunist 

Dangote group is a successful multinational conglomerate today, because the founder is an opportunist. Aliko knows how to find opportunties and quickly leverage on them. In fact, every rich man is an opportunitist. It is not greed to take hold of more opportunities when you are already rich. It is wisdom.

How I cemented my friendship with Aliko Dangote | Bill Gates

6. Use Networking

Although, Dangote’s story is not that of rags-to-riches. He came from a wealthy home. As a result, he was blessed with a rich network. Especially, over the years, he built strong formidable alliances with political leaders, home and abroad.

However, for the average Nigerian youth with different realities Dangote had as a young man. It is important to note that NETWORKING with the right people is KEY to your success, most especially, your financial freedom.

So, you need to put yourslef out there. Build relationships, gradually, with people that matter. It won’t come fast or ready-made like that of Dangote. But it will come eventually if you are serious and diligent.

The benefits of networking can not be overemphasized. Connect with the right people and groups and build mutually beneficial relationships.

7. Service To The People

Wealth creation is directly proportional to the number and quality of people you serve daily. Service is wealth. Service is riches. When you proffer solutions to people, in form of products, people will gladly part away their money to you, in exchange for the solution.

Aliko Dangote serves more than 70% of the Nigerian population, with all his products. All of which contribute into Dangote’s pocket every day! No wonder he will always be rich.

Buhari, others hail Aliko Dangote as he marks another year - P.M. News

8. Be An Industrialist

Dangote is highly respected also, as an industrialist. Industrialized society is what every country hopes to achieve because “as industrial workers’ income rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth” (Wikipedia). Be an industrialist; it not only profits you but others too.

9. Create Value

Value begets money. Value creation is directly proportional to wealth creation. Dangote creates immense value for the Nigerian and African people on a daily basis. Automatically, ABUNDANT money flows to him every day!

10. Timely Expand

Aliko Dangote didn’t start all of his businesses at once. You do not just expand because you can. It takes smart calculations. The expansion should be done in response to the trend. The sugar refinery started when Nigeria had none and now Dangote produces more than half of the nation’s sugar consumption. The oil refinery began when Nigeria needed a WORKING oil refinery one. And because he understands opportunism, he took advantage of networking and started the oil refinery.

11. Be A Philanthropist

According to Forbes, “Dangote has given more than $100 million over the last 5 years to causes in education, arts, and humanitarian relief. Dangote stated in the past that he wants to be Africa’s biggest philanthropist. He probably already is.”

Wealth is incomplete without giving back. That is what Philanthropy is all about. Giving back to the community. Consequently, as a young man who desires to be rich, your end goal must be to be able to give back.

12. Take Smart Risks

Dangote is popularly known among key Nigeria investors as a smart businessman. He does not venture into businesses/sectors he cannot successfully operate.

However, when he’s already invested in a “failed” business, he won’t hesitate to divest quickly; which in few cases, may return to re-invest in the same sector after a few years. He knows which risks to take, and which risks not to take. Aliko Dangote is a smart investor and businessman.