contd from last Tuesday post... how can I ignore the three phone calls, facebook inbox messages, the whatzapp and BBM messages. You guys are just wonderful. thanks for the love. With regards to God and fear to none, the time is ripe to continue with the journey out of financial slavery, step towards your deserved glory and start what you wont regret you did twenty years later. Ask yourself these sincere questions; How much do I earn? How many sources of income do I have? How do I spend my earnings? How much do I save monthly? Money simply depends on two major factors; Income and Expenditure. Your Income is what you earn, it might be inform of salary, wage, benefit, inheritance or profit from your business. Anything you do that brings money into your bank account is your income. Expenditure on the other hand, is what you spend from your hard earned money. You just bought a new smart phone, a designer wrist watch, latest designer shirt, sun glasses, a jacket, a designer handbag, or you had a nice meal at an eatery. Others include renting an apartment, buying a car or a holiday trip. All these are your expenditure. To keep a balance your income should be greater than your expenditure, your expenditure should bring returns to you. As a salary earner or a one income earner, you need to struggle to make ends need. You would want to pay your house rent, buy food stuffs, transport expenses for the month, wear the latest designer outfits, plan for emergency and even have savings (bachelor or spinster). If you are married, then the expenses becomes more as you need to cater for your spouse, pay your kids school fees and process the miscellaneous family expenses. My friend, how could the balance be maintained if your expenditure is far more than your income? A poor man will tell you the rich are getting richer while the poor are becoming poorer. I have had instances where I had conversations with the average/poor people, but all they say is how the Dangotes, Adenugas and Otedolas of this world are extremely rich, and how they WISHED to also make it in life. On the other hand, what the rich guy is thinking is how to turn his One million Naira to a million Dollars. Successful people in time past and present has shown that multiple investment, risk taking, eagerness to succeed has been the key to financial freedom. You cant convince people if you are not bold enough to convince yourself, it is not your fault that you are born poor, but it will definitely be your fault if you spend the rest of your entire life as a destitute. The fact remains that you are not an average Nigerian, its either you are poor or rich. There are problems in the banking, IT, telecom, fashion, confectionery, entertainment, business, transport, production,insurance, photography, media, education, health, power, oil & gas sectors and the list is endless. All you need is an innovation to provide solutions to the lingering problems or create your own idea to make the current policies work better. Nothing is good as being your own boss ... to be continued
Posted on: Tue, 19 Nov 2013 08:53:31 +0000
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