Rule 1: Show Me Your Weatlh Plan

Ayo Arowolo

Ayo Arowolo

What would the outcome be if there were to be football match where there are no goal posts in place! Confusion. And that is exactly what would happen if you want to achieve any lasting success without sitting down to create a plan. That was the first statement made by my mentor the very first day I started interacting with him. We started to chat about why goal-setting and planning should precede any endeavour and that when a goal is in place, that endeavour would become a reality. We agreed that the dimension of a goal or dream is, usually, determined by the mindset of the person setting the goal. He illustrated this with a story from one of Robert Kiyosaki’s books.

The summary is that there was a water scarcity in a town and two businessmen with  different mindsets saw the opportunity and wanted to take it. The first went into action straightaway, hired agents who helped him to sell water in gallons to as many people as they wanted. The other businessman went into a lengthy research that lasted about a year. He did not take any action. He just kept asking himself questions and kept providing answers to the questions. He wanted to set up a business that would not depend much on him. After some time he developed a business proposal, got some investors to join him after successfully selling his idea to them. His business model involved laying water pipes into the entire town and surrounding and flooding  the town with water at a rate that was lower than that of the first businessman. It was just a matter of time; the first business man was out of business. He did not set far reaching goals.

My mentor said: “If you truly want to be wealthy. It does not matter whether you want to be a millionaire or billionaire, a key step is the plan you have for that wealth. You must have a definite goal for the level of wealth you want. You may choose to be a millionaire. You may set a goal to be a billionaire ab initio. You may also set a goal to become either a billionaire in Naira term or in Dollars or in any other currency. It is up to you. Remember there is no goal that is not realistic; everything depends on how desperate you want to accomplish the goal”.

“Let me be more specific. In the United States of America (USA), a person is considered to be financially literate who has net worth (what is left when liabilities are deducted from assets) of $250million. At that level you are said to be financially literate.  My suggestion is that if you really want to be a millionaire or billionaire, you should aim at becoming a global billionaire. That means whether you are in Canada or in the United States of America or you are in Nigeria, you are still a millionaire or a billionaire. You can start by becoming a millionaire in Naira and, then, you can move in steps to becoming a global millionaire. It is all about planning”.

“What I have, however, seen in this part of the world is that many people only wish to become wealthy but they don’t plan to be wealthy. They just continue to day-dream.  They sit down all the time with their legs crossed and they start to fantasise how they are going to make money. They forget that money is a spirit and it flies in the direction of those who have concrete goals and plans to make money. When you set a goal, you should have well- thought-out plan to achieve the goal.  The million would not just come; there must be something of value you must exchange to attract it. There is nobody who doesn’t have anything in his or her hand that he or she can exchange to progressively build the level of wealth he or she desires:”.

“There is one thing I have realised: when you set wealth goals, don’t make them vague. Attach figures to such goals. Ask yourself a number of questions. When do I want to retire? How much would be my total expenses when I retire? How much money must I have at retirement to be able to take care of all my expenses even if I don’t lift my fingers to work again for the rest of my life? How much do I need to save or invest monthly to be able to get to that level of comfort? Put a figure into it. Once this is done and you believe in the figure, amazing things start to happen especially when you focus on achieving that number. It may look

Far away, but with diligence and persistence, your prosperity is just around the corner. I have a plan to retire in just three years and by the grace of God it would happen. For now, my entire focus is on that goal. Nothing else matters. I may fight with you now. We may quarrel. I would not be distracted but after achieving my goal, I am sure we can sort things out. That is what they call real commitment to wealth acquisition. You set a daring goal and you permit nothing to stop you from achieving the goal”.

“But let me warn also. When you, eventually, start to make money, don’t play with it. You must plan to spend your money on meaningful projects. Don’t throw it around. Money has a personality and it can sense it  if it is in the right hand or in the wrong hand. Money does not like wasters. If you continue to waste money as it comes to you, in no time it would disappear from you. Many people make the mistakes of thinking that money is just a paper. It is not. If you have great plans for it, it would make itself available to you in dimensions you cannot imagine and if you don’t have plans for it, it would disappear from you. What would, therefore, limit the money you have is your vision. Money runs into the direction of individuals with great visions. So, if you want to have great wealth, set great vision and have in place great plan to achieving it. It will come. A beautifully designed well plan that is not executed is as good as not setting a wealth goal at all. Many people think that reading money books and attending financial seminars alone would make them wealthy. This is an illusion. It is only knowledge that is applied that can bring tangible results. So if you want to be truly wealthy, you must set goals and develop the discipline to make those goals real. It is possible”. That was the end of session one. Catch you next week.

NUGGETS

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•Take about a week to really plan for the level of wealth you want. Determine when you want to retire and how much money you would need to maintain your lifestyle then.

•Accommodate all the probable expenses -medical, travel plans, insurance and others.

•From where you are, determine how much you would need to be investing monthly to make that mark.

•Don’t be intimidated by your current circumstances. Upgrade your skills as you go long; the level would change progressively.

•You should see a wealth coach for a guide.

PS: If you would want me to alert you on the tool needed to get to unlock the personal powers within you  in 2013, text this information in the format below to 07054638883 

PMMONEY*Your Name*Email*Status*Location 07054638883

E.g: PMMONEY*Dele Taiwo*[email protected]*biz owner* Abuja to 07054638883

PPS: If you had already sent in your details in the past, do not bother to resend; you will still be alerted

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