P.M. NEWS Nigeria » Milionaires Capsules by Ayo Arowolo http://www.pmnewsnigeria.com First with Nigeria News - Nigerian leading evening Newspaper - Tue, 18 Nov 2014 07:27:02 +0000 en-US hourly 1 http://wordpress.org/?v=4.0 More Than Your Eyes Can See http://www.pmnewsnigeria.com/2013/07/01/more-than-your-eyes-can-see/ http://www.pmnewsnigeria.com/2013/07/01/more-than-your-eyes-can-see/#comments Mon, 01 Jul 2013 14:46:14 +0000 http://pmnewsnigeria.com/?p=166205 My session with our mentor during my last appointment touched on a very sensitive topic: the role of the supernatural in the affairs of men. How, for instance, would you take it if you are confronted with a statement that all the physical things you see around -the cars, the big buildings, the planes, the skyscrapers, and all the architectural masterpieces around you are nothing but illusions?

Few authors and individuals who are mature, spiritually, say that every physical object is created three  times -first from the supernatural realm to the mind and, then, to the physical plane. The summary of all these is that everything your eyes can see; everything your hand can touch, everything your nose can smell and everything your body can feel is just an expression  of some  spiritual transactions.

Have you observed or experienced some occurrences that initially you could not explain but on reflection you begin to see the effect of the unseen hands. There was the story of a man going to see his friend somewhere on Lagos Island. While waiting to board a vehicle, according to him, he heard a voice asking him to leave that particular place. Five minutes after that a trailer swerved and rammed into all the structures on that spot. Could that be regarded as a coincidence?

Another individual was going on a visit to a friend in another part of Lagos. When he got to a particular area he heard a voice instructing him to start to buy land and landed properties that were situated very close to the road. For more than two years, he kept acquiring parcels of land in that particular area.  Three years after he started his acquisition, there was a bank consolidation exercise which invariably, led to acquisition of properties in choice areas around the country. Properties in the area focused on by that individual appreciated by more than 2,000 per cent and financial fortune of our friend changed forever.

The author of Science of Getting Rich, Wallace Wattles, says that: “Everything you see on earth is made from one original substance, out of which all things proceed. New forms are constantly being made, and older ones are dissolving, but all are shapes assumed by one thing. No one is kept in poverty by shortness in the supply of riches; there is more than enough for all.”

He goes further to assert that anything you want you can have it if you think clearly about it first, pass that desire to the Higher Power; change your thought and begin to imagine that that which you asked is yours and then, begin to act in certain ways that suggest that you actually believe that it would come to pass.

During my last appointment with our Guest Mentor, I wanted to know if he believes there is an unseen hand that sometimes influences the course of human life. His response:  “I believe 100% that there is an unseen hand that moulds what every human being does. I believe very strongly that everything that happens to you, whether it is good or bad, all contribute to what you would be”.

“Sometimes when some things happen to you, you may be puzzled by them but if you can develop the mindset that everything that happens to you is for your own good you would eventually see how they connect. There is an individual in the country today who ended up studying Yoruba Language in the university because the course he wanted to study was not available. It was probably a painful reality to him that time but when you see what he has done with that language in his journalism profession, you would agree with me once again that all those things are part of the process”.

“In my own case, I told you that I started to draw funny cartoons as early as when I was 8, but my knowledge of literature was very little. When I went for my Higher School Certificate (HSC) programme, I wanted to study Mathematics, Geography and Economics, but I found out that they did not have Economics. I had to look for an art subject to complement the two I had registered for and the only one that was available was English Literature. With that I had to do a lot reading and I got fascinated by big names like Shakespeare, and others.

In 1976 when I then, decided to go into publishing, I found that knowledge of literature extremely useful. And, sometimes I wonder if I had not studied English at that time, how would I have been able to write the good stories I write now. I was disappointed when I could not get to study Economics, but looking back I could see the hand of God in everything. There was an unseen hand in everything. He knew the path I would be following and what I would need to my assignment happen. Remember that God’s ways are usually higher than ours”.

I have discovered that  God does not give you an assignment without all the factors of production -the human capital you would need, the finances you would require, the raw materials that would be useful to that assignment. You would then agree me when you reflect deeply that every assignment from God comes with the provisions –complete provisions. We only need to align ourselves with the assignment we have been given by God to do. When you are in that assignment, you would feel inner peace and things would begin to fall in place. It has happened to me again and again. Sometimes when I am casting stories and I am wondering who would fit into this role that I am casting, somehow someone that fits that role would just stroll in to ask for a place. It is amazing how these things happen”.

The way I get stories is also amazing. Most times when I sleep, I dream of people telling me jokes and when I wake up I would just sketch it the way I saw it in the dreams. This has happened countless times. That is why I sleep with my diary by my side. Sometimes people just come to me that they are directed by their spirits to give me a particular thing. Success means being at the right place at the right time and there are forces that make you to be at a particular place and at a particular time. Things don’t just happen.  Let me give you a classic example. I started publishing in 1976 and by 1982, I wanted to do a features film. I wrote the story, it was very beautiful and a contracted a well-known artist to help me translate and produce it. He could not do it and I had to assemble a team of professionals to work with me to do it. I had to ultimately disband the team because we could not get money to do it. I told them that I would call them when I was ready. But two weeks after that, I was in a church somewhere in Badagry, a different one from the one I  was attending.

Surprisingly, as we were dancing and praising God, there was a word of prophecy for me which, paraphrased,  said that: “there is a young man here who just disbanded a team for a project. The project is from God but was sabotaged by wrong people. God said he should not give up for he would bring help and show him how to handle the project” Exactly four days after that experience,  a renowned film maker in the country who is now dead, called me from London and said that he heard I was doing a film and that I had assembled wrong people and that I should not worry for he would help me to produce the film. He came to visit me when he arrived and within a short time he guided me from beginning to the end of the production. The film was a knockout which we took profitably in major cities in Nigeria and outside. That was definitely the hand of God.

How does one tap into this divine arrangement? “It is simply by making yourself available all the time. When you start a project that you believe the hand of God is in, don’t give up no matter what. As you stay on, you would ultimately, meet the required help that would lead you to success. If you back out of an assignment God had given to you, you are likely to face tough challenges. I have been punished by the unseen hands sometimes when I veered off the path that has been created for me.  God talks to us most of the time but we don’t recognise Him most of the time”.

“I also believe that since God is creative, there is no way his part of him would not be in you. As a creative person you have the third eye. When I am attending burial ceremonies and people are crying, I see jokes everywhere. All the books you are writing, part of God is in you. When people are doing serious things, I see and hear funny versions of what they are saying.  Believe me, it is impossible to accomplish great things without consciously or unconsciously tapping into the help from unseen hands”.

TAKE AWAY

• Take some time off to really discover what you are passionate about or great at doing.

• Identify who is likely to benefit from that passion if you decide to turn it into business.

• Develop a vision around that passion that would help you accomplish your life goals.

• Spend quality time everyday in quietness so that you can tap into the unseen realm.

• Document every inspiration that comes to you from such an exercise and make it part of your plan.

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Build Your Business Around Your Passion http://www.pmnewsnigeria.com/2013/06/10/build-your-business-around-your-passion/ http://www.pmnewsnigeria.com/2013/06/10/build-your-business-around-your-passion/#comments Mon, 10 Jun 2013 13:48:52 +0000 http://pmnewsnigeria.com/?p=164831 My first appointment with our mentor was meant to really set the stage for the conversation series and agree on the rules of engagement, but it turned an interesting encounter. It was also not difficult to guess that you were in a creative environment, what with the many artworks that dotted everywhere and a couple of artists hanging around the expansive compound for one thing on the other.

After spending time together to reminisce on the journey thus far and a couple of other biographical issues, we went straight into the business of the day by asking him to isolate the factors that have been responsible for his success.

His response is that he would advise anybody going into any business to always start in the area in which the individual has passion. His reason: “I have been in this business for more than four decades and I have witnessed many businesses to succeed and I have seen some fold up but one thing I have observed is that those who stand in their areas of passions stand a better chance of succeeding if they can had one or two skills to what they are passionate about.”

There are concerns associated with the issue of passion. Some are concerned they have multiple passions and they usually have difficulties in knowing which one to stay with. Some even think they are clueless as to what they are good at, and as such they try to figure it out by trial and errors. Some that have even discovered their passions have difficulties in turning those passions into profitable business empires. Are there creative ways of addressing those concerns and how did our mentor discover his own passion, develop it and eventually turn it into a thriving business empire?

Our mentor says: “I believe everybody on this planet earth has something he came with, some talents he came with to enable him or her fulfil his or her destiny. It is the responsibility of every person, therefore, to discover that thing and commit the rest of his or her life to developing the gift. That is where the breakthrough will come from.

“I can say that my gifts came with me from my mother’s womb. I mean it. I started to draw funny things as early as I could remember. At about the age of eight, I started to notice that I could draw without any formal lesson in fine art. Besides, I discovered I could play musical instruments and a bit of acting. I found myself simultaneously with three talents that I was very good at without any formal training.”

I used to go out to watch a popular stage artist when I was about eight years old and returning I would represent what I saw in a cartoon format to explain to my friends who were not able to go. I would do it so vividly that those who did not attend would get the message and I want to believe that was where I got my gift of journalism and publishing form.

For people with multiple talents how then can they know which one to settle for especially the one they can spend the rest of their lives developing? Our mentor said: If one is very sensitive, one would discover that the nature would always sort things out. Certain events and certain opportunities would surface that would compel you to know which one to work with even if you have been experimenting with all your talents.

My talents of music, of drawing and of acting continued throughout my secondary schools and even while I was doing my Higher School Certificate (HSC). In both my secondary school and HSC days, I formed my own musical bands.

“Eventually, however, “I had to settle for the drawing aspect because that was the only talents I had a platform to express. When I was in University of Lagos, I was appointed the chief cartoonist for a campus magazine and that really brought the comedy aspect of me out. With my funny strokes, I was able to turn around the fortunes of the magazine moving from about 300 print run to 5, 000. My cartons were so funny. That got me excited. The moment I graduated from the school I started to gather cartoon materials I would use to launch my cartoon magazine. I worked with my father briefly after observing my National Youth Service, and in 1976 I launched my magazine and I have not looked back since then.”

For the first four years of the magazine, it was a one-man show. I wrote all the stories by myself, edited them, took them to the press, distributed to key agents and all other business. Apart from being able to save money, that hands-on was valuable to me. I must also add that one thing with the passion is that the more you use it the more you get better at it. In my own case, the more I draw, the more I get better at it. I still draw up till date. Indeed anytime I am in meeting, I try my hands on drawing. When I listen to people talk about things, all I am thinking is how to represent what they are saying in cartoons. In addition to using your passion frequently, you should also identify relevant trainings you can attend to turn your passion into skills.

Talent into money

It is not difficult to know how to convert your passion into money if you are very observant. When I was the chief cartoonist of that campus magazine, I observed that we were printing up to 5, 000 copies and we were selling virtually everything. Just very close to my gradation from the university it then occurred to me that I could publish a cartoon magazine that generates money for me. I did my mental calculation and I found that if I truly committed myself to that venture it would be a profitable business and that was what I did.

Don’t forget too that I told you I worked briefly with my dad and I saw how he was managing his business. I learnt how to record expenses and how to manage the little money we had them to be able buy more raw materials.  Besides, we were making money selling the magazine on the campus despite the fact that the packaging was crude. We were making as high as 100 per cent profit. The campus magazine was like a Guinea pig thing to me; it opened my mind to what was possible with little adjustments. In my mind, I saw that the market was waiting for me.

How has he been able to remain relevant for more than three decades?

He said: “Business to me is filling a vacuum. I discovered long ago that people loved jokes and any business that revolves around jokes would sell. That is why stand-up comedians are making money. People like to laugh. What I have done is to look at which format would match my passion and would also deliver jokes to people. Initially, I was publishing a magazine but when publishing became very expensive I transferred the same jokes into the television. The key is to be observant and flow with the tide rather than working against the tide. Since people were buying the jokes in a magazine format we were sure they would also watch it on television.

The trick is to look at what people want and position yourself to meet the needs. Talents come in many forms and you have to define the type of talents you have. For instance, some people can specialise in publishing jokes, other may be good at speaking jokes while yet others may be good at singing it. You need to find out where the demand is.Talent is not enough. You have to establish where the needs are and strive to meet them.

TAKE AWAYS

•Take inventory of the talents you think you have.

•Get your friends to confirm the same talents.

•Narrow the talents to just a few.

•Check which ones can generate money.

•Launch out and never look back but keep innovating.

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The Cash In Your Passion http://www.pmnewsnigeria.com/2013/06/03/the-cash-in-your-passion/ http://www.pmnewsnigeria.com/2013/06/03/the-cash-in-your-passion/#comments Mon, 03 Jun 2013 13:33:52 +0000 http://pmnewsnigeria.com/?p=164253 Welcome to the next in the series  of the personal finance column we started last year. It is almost impossible to believe that we have been together for this long. Incredible! More than ever before, I have come to believe very firmly in the saying that he who asks for direction would never miss the road. I am pleased with and appreciative of the level of feedback I have got from perceptive readers of this column from as many angles as you can imagine.

Your comments and observations have been helpful in shaping the complexion of the current series. Some of the readers suggested that we should throw our nets far and wide to bring mentors from different backgrounds who can share insights on the steps they took to get to where they are currently.

We have done that and our promise is that we will bring them one after the other so that you can have a robust pool of knowledge from where you can pick nuggets for personal use.  Some also want an open interaction both with me and the people I talk with. We are working out the modality to make that happen.

One reader also wondered if we must bring only millionaires as guest mentor going by the name given to the column.  By our definition, a millionaire is not necessarily only that person who is worth a million naira when you subtract his assets from his liabilities. Our guest mentors would include successful individuals in all areas of endeavour that we can identify the business they are  involved in to create their wealth. You are also free to suggest names that you think we can include in some of the series for the future.

The modality for this series will be a bit different from the first series. We will accommodate a lot of feedback mechanism on every principle we are sharing. Our mentor has promised to work with us to make this series very exciting and engaging. As part of making sure you participate , a blog is also being  created to enable us discuss every topic we are treating so that people can share their personal experiences as they apply each of the principles.

By requests from many of  readers who had given feedback on the column, we would also attempt to give some assignments so that people can apply the principles shared. I believe very strongly that learning alone is not enough, there has to be practical application of  knowledge gained for it to make sense.

Just before I introduce our new mentor (remember you are part of the process), I must express deep gratitude for the openness and cooperation of our first guest mentor on this column. He has continued to inspire with the exploits he  has continued to make locally and abroad. Against all odds  and amidst still competitive bids, he was able to buy a massive hotel in the United Kingdom and I understand that he is already causing some jitters there.

Just of recent too, he was also given a banking license in Ghana and has promised to give it everything it takes. More than that, apart from the fact that he has given us a challenge to practise what he has shared with us,  our mentor has promised to make himself available any time we need his opinion on any issue.  Besides, once we are satisfied that we are well grounded in the foundational principles he shared with us, he has given his word to start the advanced session with us. May I then request that we  give him resounding applause!

Our current guest mentor is an individual I have tracked since 1976 and it has never ceased to amaze me how he has managed not just to remain relevant in his area of passion but how he has been able to turn his passion into a massive business empire. Getting him for an appointment had been particularly difficult because of his extremely hectic schedule. I had placed a tab on him for months and he remained elusive until a mutual friend took it upon himself to pin him down for the first appointment. It was a very fascinating encounter. One other reason I am excited is because he is in the creative field and there is this belief that creative people can hardly run business successfully. Happily our mentor is not only still living his passion, he has made a good business out of it:

Amongst other accomplishments  he has thriving schools; he is  heavily into real estate; he has created many profitable and highly successful television programmes that are making waves locally and abroad; he is member of Vision 2020 Committee; and he is also a holder of MFR conferred on him by the Federal Government of Nigeria.

While  we were having preliminary chat, I noticed that our mentor was busy with drawing something on a piece of paper in front of him. He eventually gave it to me to have a look. He had just created a comic series in less than five minutes.  Our mentor said: “I can say that my gifts came with me from my mother’s womb. I mean it. I started to draw funny things. At  about the age of eight, I started to notice that I could draw without any formal lesson in fine art. Besides, I also  discovered I could play musical instruments and a bit of acting. I found myself simultaneously with three talents that I was very good at without any formal training”.

“Eventually”, our mentor said, “I had to settle for the drawing aspect because that was the only talent I had a platform to express but I have been able to mobilise the two other talents to further push my drawing talent beyond what was initially possible”.

I am very sure you would find the insight shared by our mentor on  how he  has been able to transit from being just an artist to a well groomed businessman. First he  believes that any skill can be learnt unless an individual is not interested in paying the price. He also believes that  challenges and obstacles are part of the credentials for success but the trick  “is to focus on the fruits, and not the challenges.

Our mentor also talked about the role of  a spouse in business, the strategy for starting any project and taking it to the very top and how individuals can turn their passions into money. I can’t wait to share with you the first principle he shared with. Catch ya.

Prosperously yours.

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Take Action http://www.pmnewsnigeria.com/2013/05/27/take-action/ http://www.pmnewsnigeria.com/2013/05/27/take-action/#comments Mon, 27 May 2013 14:35:49 +0000 http://pmnewsnigeria.com/?p=163696 One key factor of failure I have realised is the tendency of many people to gather information without making any attempt to put into practice what they have learnt. In a meeting with one of my mentors, he threw a challenge  that I should focus in the next one month on implementing what I have learnt over the year and watch the impact. I have taken on the challenge and the impact has been great and I am also asking that you take it as a challenge to implement some of the principles you have learnt in this column.

Here are some of the concepts we have shared in this column. A wise decision would be to go over them and figure out how to put the ones that apply to you in the practice.

•Mentoring: We dwelled extensively on the need for an individual to develop mentoring relationships with individuals who can assist him or her hit the mark faster than it would have been without a mentor..  If it is done properly, a mentor or coach  should make the following happen: he serves as a teacher to give you instructions on specific areas where you have noticed a skill gap; he prevents you from making the same mistakes he made on his way to the top in that specific area; he provides quality eyes with which you can interpret certain happenings in your life. You can see why a mentoring relationship is important.

•Buy knowledge: My mentor, who is a compulsive reader, dwelled on the importance of a regular diet of insightful reading. This is his take on reading: “If you are a millionaire and you want to climb the billionaire ladder, the first place to start is to beef up your study. Get books on all areas and read them. What I do is to stuff my system with all manner of books and from different areas. I read all the time. The way it works is that when you meditate from time to time, your brain and mind would come alive and produce wealth-creating ideas quickly than someone who has no stuff inside. For instance, I am not afraid of challenges because I know that the solution is somewhere in a book. If you want to succeed in your life and in your business, the first step is to beef up your intellectual capacity”

•Everything is possible: The central idea shared by my mentor here is that with practice, you can develop any skills and that there is no goal that is unrealistic . A mind that is made up can do the impossible. Once your mind is made up on anything and you step out in faith, the Higher Power takes over -arranging people, events and circumstances that would work with you to achieve the dream. So dream big and aim to achieve it

•Let your vision consume you: The key message here is that when you are passionate about your vision , you see every obstacle on the way as a stepping stone. My mentor’s take: “As you go along on path to the Billionaires’ Club, you must learn how to put problems and obstacles into correct perspectives. A true billionaire would not see a problem as an obstacle, Everything that happens to a man of vision, negative or positive, has cash value.   Sometimes I tell people that any time they encounter a problem, they should mentally substitute it for money because, really, most problems have imbedded in them incredible wealth opportunities. Without constant black out, you won’t, for instance, see generator companies springing up everywhere. To the people without electricity, it is a bad problem but to those who produce generators, God could not have been kinder.

•Start with correct interpretation: Someone once said that if you are running at 1000 kilometres per hour in a vehicle that is headed in the wrong direction, it would be an exercise in futility. The first real job in starting a journey to financial freedom is to clearly define what wealth means to you. Does it mean a huge cash in the bank or different brands of cars in your garage? The way you interpret wealth will largely determine whether you are chasing the real thing or an illusion. We all have a mental map from which we interpret everything and event in our lives. If the map is faulty , the outcome is also going to be wrong.

•Wealth starts from the mind: As a man thinketh, so is. It is said that every material thing you see is created twice: first from the mind  and then in the physical realm.  My mentor summarised the point thus: “There are two choices really: you can either choose to be a failure or choose to be successful.  Either would be yours. This is the way it works. Assuming you choose to be a failure, it is always available. You don’t need to worry about reading, about networking with successful people. An individual who has chosen failure as a path won’t do what you are doing chasing successful people all over the place to learn from them. In fact, he does not need any adventure, he could just sit down in the village, enjoy everyday as it comes, and I tell you failure would overtake him. He doesn’t need to struggle to for anything”.

•Internalise the rules of wealth: My mentor explained that wealth building has rules and only those who follow the rules make tonnes of money. One of the rules according to him is that: “To make money, you have must have capacity to endure. Don’t forget that money has wings and can fly but you must persist until you are able to catch it. Those who give up easily when confronted with adverse circumstances are really not ready to be wealthy. If you are truly determined to be wealthy, you must see every obstacle as a stepping stone. You must be ready to endure a number of things if you are really determined to be wealth”.

•Show me your wealth plan: My mentor said: “If you truly want to be wealthy, regardless of  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”. Do you already have your own plan in place?

 

•Cashflow is king: Someone once said that profit is an opinion but cash is fact. Having money to run your business is not the same thing as declaring a profit in your financial statement.   The number one job of a Chief Executive Officer according to my mentor is to monitor the cash flow. If there is no money to run your business, your business may soon face bankruptcy even if your auditors say you profit is N100 million. The same thing is applicable to personal cash flow. What my mentor is saying is that while put your mind on asset acquisition, make it a priority to build a robust cash flow that can make you to run your life and personal business. Who says cashflow is not king!

•Take charge of your finance: This was done in three series and the central theme for all is that you must be firmly in charge of your financial affairs if you want to accomplish much in life. Taking charge ultimately boils down to six things: destroying everything limiting beliefs that have prevented you from creating wealth; learning how to make money; how to manage money; how to multiply money; how to make money last and how to make money count. It is important to master all the six dimensions of money which  were treated extensively in the articles.

•Others: Among the 36 articles treated, we also learnt: how to condition your mind to create wealth; how to use other people’s money; how to make your dream unstoppable; how to develop other sources of income and  how to budget on purpose on purpose. It may be necessary for you to request for the electronic copy (PDF) of all the article to get a complete sense of what we have discussed so far

Prosperously yours

 NUGGETS

•Get an electronic copy of all the articles from the start todate

•Take a topic per time and digest the central message

•Meditate on insight gained  and put it to work immediately

•Let the nuggets at the end of each article be a guide

•Give yourself a deadline for implementation

•Get an accountability partner who can embark on the journey with you

•Share your success stories with me

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Rule 7: This Code Gives You Accesss To The Invisible Master http://www.pmnewsnigeria.com/2013/05/20/rule-7-this-code-gives-you-accesss-to-the-invisible-master/ http://www.pmnewsnigeria.com/2013/05/20/rule-7-this-code-gives-you-accesss-to-the-invisible-master/#comments Mon, 20 May 2013 14:56:07 +0000 http://pmnewsnigeria.com/?p=163160 Here is RULE 7, the last in the series  of the wealth mastery articles we started a couple of weeks back. If you have missed any of the articles in this series, I would advise that you should find a way of getting hold of them. You need to read all the articles in the series for you to make sense out of it.

Rule 7 is my favourite. It is the only one that has a touch of mysteries. When you understand this principle and you apply it diligently, it is impossible for you to be consumed by financial crisis.  All my mentors put this principle as number one on their list of virtues to apply. So read it with an open mind and once you are inspired, you can start to deploy it. You would never regret you did. Believe me!

My mentor  had mentioned it more than twice during one of my casual chats with him in his house. The fact that he dwelled on it again during my last recorded chat with him is an indication that he regards giving as a key principle for creating wealth.

He said: “Giving is one key principle of wealth creation that I learnt early and I thank God for it. There are two types of giving I want to talk about here and I will explain what happens when you apply them.

The first level is that you should materially bless your biological parents. By this I mean your biological father, your biological mother, your father-in-law and your mother-in-law. Practising this consistently attracts two outcomes: First, your wealth would be stable; and second, you will live long. This is not a theoretical exposition. I have practised the two consistently and I believe that since I have attracted the first blessing, the second benefit would also follow.”

“It is God’s injunction that we should honour (especially financially) our parents so that it would be well with us. It follows that if you don’t honour them, you would continue to struggle in everything: in health, in wealth, in career, in relationships, and in all other areas”.

“In January of every year, I issue 12 post-dated cheques each to my father, my mother, my father-in-law and my mother-in-law. This covers my giving to them from the month of January to December. I have done this religiously for quite some time although I won’t tell you how much it is. It was interesting that when my father-in-law died, he still had the cheques for October, November and December that had not been cashed under his pillow”.

“Besides, every three years, I also change the car I give to each of them. This is a spiritual law that I encourage anyone who wants stability in wealth and prosperity to practise. If you don’t observe it, you would come down no matter how far you have gone. The money you give doesn’t have to be huge but let them feel your impact”.

“I laugh when I see men who say they love their wives but their parents-in-law are suffering. That love is fake. The love must reflect on how much material blessing you have pushed to them. Some park four cars at home and yet their in-laws are trekking about on foot. That is not love. If you love your wife, you would honour her parents. The reason I picked this first level of giving is that if you cannot relate with it, I don’t see how you can be comfortable with the second level, which is giving to God. If you do not feel comfortable with giving to the people you can  see, how can it  make sense to you to give to God whom you do not see”?

“The second level is giving to God. This involves paying your tithe (a tenth of your income) and giving generally to support the work of God. Even if you are not a Christian, you can always set aside the same proportion of your income to give to charity or bless the less-privileged. One of my ambitions is to be able to issue a cheque of N1billion one day either as a tithe or just to support the work of God”.

“It would help if you understand the principle behind this type of giving. This is one key way God tests your faith as a believer. If you are not comfortable with giving, it means you have not mastered greed. It is a measure of wisdom to believe that what we see now was created by invisible things. Everything your physical senses can behold is only a fraction of what is available on the invisible plane. It means that real wealth cannot really be conceived by our own imaginations. You need to know how to download information from the spiritual realm and giving is one key that unlocks that possibility.

I have studied really wealthy people, they are addicted to giving. Bill Gates has resigned formally from Microsoft Corporation and has been spending his time giving out his wealth to the less-privileged. His friend, Warren Buffet has equally signed over a sizable proportion of his wealth to charity. Interestingly, the more these people give the more they make money.

There is a connection between your level of giving and the level of blessing you attract. I believe that you have heard of some names such as Rockefeller Foundation, Ford Foundation, and so on. They were set up by individuals who, though are long gone, understood the implication of giving.

When you give, your wealth multiplies. The way it works is this: When you channel material possessions to the work of God or to those who are less-privileged, God regularly opens windows of heavens to you. That means he would regularly plant wealth ideas in your mind which if you are sensitive to implement, would open you to a new vista of wealth. What I tell people is that even if you don’t understand it, keep giving. You would soon get the reward.

When you give consistently, your prayers would be answered. But if you pray without giving, you are wasting your time. Prayer plus giving and hard work bring success. Giving is not something that can be taught; you have to practise it to experience it. I can explain from now till tomorrow the reason you must give, but it may not make sense to you until you exercise faith and try it. When it works, your faith would be built up and you would have the grace to give out more and the more you give the more prosperous you would become ultimately.

We need to understand that God does not need our money. He is only teaching us how to activate spiritual principles. Giving benefits the giver, not God.  Those who say they don’t give because they don’t have enough are probably not serious. It is a principle. If you cannot give 10 per cent out of the N10,000 you are earning now, even if you earn N1million per month, you still would not give. It is better to understand the principle first and make up your mind to apply it under all circumstances.

NUGGETS

•If you have not been giving before, you should make up your mind to incorporate giving into your wealth philosophy.

•If you are Christian, pay your tithe consistently and regularly give to the work of God.

•It may help to take note of your financial state before you start to give and constantly monitor the progress you are making.

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Ask Double A http://www.pmnewsnigeria.com/2013/04/29/ask-double-a-4/ http://www.pmnewsnigeria.com/2013/04/29/ask-double-a-4/#comments Mon, 29 Apr 2013 14:00:42 +0000 http://pmnewsnigeria.com/?p=161521 We shall devote this week to answering some money questions from the mail box. We are treating two of such questions in this edition. To get your questions featured in this column, send an email to ayoarwolo@billionairecapsules.com. You can also sms it to 07031217797.

Is it ethical to do PP?

Hello double A, I read in one of your articles that we need to develop other sources of income. I work with a ministry and we are not allowed to do other work. Will it not be unethical if I start do something by the side

I don’t think you would be behaving unethically if, after the office hours, you engage in something that does not conflict with what you are employed to do. The truth is that we all have so many skills we can deploy profitably after office hours. As a civil servant, for instance, you can open a saloon, you can open your bakery to make cake or bread, you can start a career on motivational speaking. There are quite a number of things we can all do in our private hours. Doing something that is fulfilling  during private moments will even make you do better at work. You must serve your employer faithfully and refuse to steal on their time to do private work. God will bless every work you do legitimately with your hand.

How do I overcome procrastination?

Double A. I must thank God for what he is using you to do through your column. I am a journalist too and I knew you when you were still at Concord Press. I am encouraged by the strides you have made. My challenge is this: I have planned to do so many things for the past 10 years but I have not been able to do any. Even the ones I started, I abandoned them. I must confess, I fear too much. I feel a paralysing fear any time I feel I should take a decision. I have spent over 19 years in journalism and I am not happy with what I have achieved. How can I break this habit of procrastination?

The truth is that you are not alone.  Everybody is afraid of one thing or the other. Some of are afraid of flying. Some are afraid of birds. Some of are afraid of speaking in public. One author says the easiest way to overcome fear is to do that what you are afraid of. There is no other way. Look at what you fear in the face and plunge into it headlong. Usually, most of the things we are afraid of, preventing us from taking liberating decisions never happen. Fear is almost the same as worry and someone once said worrying is the dumbest habit you can ever cultivate as it amounts to paying interest on an overdraft you have not taken!

Another reasons people don’t complete what they start is that they do not count the cost from the start. A friend was once involved in a project .A television station had asked him to start a programme with them. He was very excited as he thought that would give him all the necessary publicity for the other arms of his business.

He  got everyone in his  company on the pedal working day and night to make sure that he  beat the deadline set by the television station. But one day, someone just asked as a question if he had found out what the objective of the television station was. He never did. He later discovered that the television station would have simply ridden on his enormous  goodwill to promote its own programme. There was no financial reward for his  own company. Besides, it also occurred to him  that the television station could actually dump him any time it had achieved its own objective. He  opted out of the arrangement after he  had expended quite a lot of time, energy and money in vain. But he  could have avoided that pain if he  had counted the cost from the beginning. Planning and programming are some of those costs.

Cost can come in various forms. It can be money. It can be the energy involved. It can be analysing what other aspects of your business would suffer if you embark on that particular project. All costs associated with the projects you are about to start should be counted before you embark on the project.

Some people who believe they are called by God into full-time ministry resign from their paid employment before sitting down to think through what it would take to work fully for God. Some people resign from their work apparently to start their own businesses. Some find their ways back into their former places of work because they do not count the cost of their action. Any project you start without full appreciation of the cost involved at the beginning is likely to be abandoned.

Again, you must ask other people who have done what you want to do. It may not be as difficult as you imagined. They should share with you their mistakes, the road you can take and the one you should avoid. Usually, when we are in traffic, we usually ask those returning how it is down there. With timely information, we can make a U-turn. That is the way mentoring works, too. Get a mentor before you embark on that project.

After you have done all this, go ahead and do what is in your mind because really you cannot fail. Everything is already completed in creation; you only need to figure it out. If you make mistakes along the way, rise again and move on. You can fail as many times as possible on your way to achieving your dream.  All is well with you because you are blessed and highly favoured.

How do I get my children to be wise in money matters? 

A friend of mine said that getting children exposed to money at an early age could ruin  their future. At what stage should they be exposed to financial information? Do you have some tips? I have two kids, aged 3 and 6 respectively.

The starting point should be to open a savings account for each of them and make a definite commitment to be saving money in the accounts on their behalf every time there is an opportunity to do so. When they celebrate birthdays, money realised should be saved first in bank savings accounts. After some time, you can then begin to invest part of the fund in some investment instruments that can generate better returns than what the banks can offer.

Once the children are of age, you can begin to get them involved in the financial transactions on the accounts. Take them occasionally to see the manager in the branch of the bank you are using. Get them to ask questions no matter how silly such questions may be. I believe very strongly that over time, your  children will be well-adjusted to money matters which they would find useful later in life.

I do not see how exposing them to money matters at the early stage can destroy their future. It depends on what you expose them to really. When someone gives them money, tell them to put it in a piggy bank. Don’t allow them to squeeze money. Teach them other little tips can help to build up their financial intelligence. All this can only help them in future, not destroy them.

Can I Start All Over Again?

I need your advice on this dilemma. I am 53 years old. I had worked hard to prepare for this period which ordinarily should be my retirement period which I want to use to do the things I am really passionate about. Unfortunately all my nest eggs were in the capital market. I had built a portfolio of shares that were valued at N375m as 2007 and I had planned to retire at 55. As at the time of writing, my shares were value at less than N45million. What can I do? Can I pick up a job again?

Any time you discover you have fallen into an error either the one you caused or the one foisted on you, the wise thing to do is to stop and take stock of everything. Take inventory of what you have, the contacts available to you and re-ignite the passion for your vision. With clarity of mind, you can start all over again.

Falling or making mistakes is not the issue, it is the perspective you bring into assessing the mistakes that counts. There are always opportunities even inside those challenging circumstances in our lives. The major work I think you should work on is your mind. You should spend some time listening to some good motivational CDs. Read books on those who have stumbled and got back on their feet again. You can do successfully whatever they did to come back.

Initially, you may have to find engagements that suit your temperaments for the purpose of generating cash flow. Set another deadline for yourself and work hard towards achieving your goals. If you do not faint, you would be surprised how far you can go and how many opportunities still lie ahead of you. If you need counselling on how to start out, you should go for one. All is well with you. Don’t ever give up.

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Rule 6: Your Access To The Invisible Paymaster http://www.pmnewsnigeria.com/2013/04/22/rule-6-your-access-to-the-invisible-paymaster/ http://www.pmnewsnigeria.com/2013/04/22/rule-6-your-access-to-the-invisible-paymaster/#comments Mon, 22 Apr 2013 13:15:38 +0000 http://pmnewsnigeria.com/?p=160812 Here is RULE 6 of the Rules for Wealth mastery articles we started a couple of weeks back. If you have missed any of the articles in this series, I would advise that you should find a way of getting hold of them. You need to read all the articles in the series for you to make sense out of it.

And just a quick tip: where will you be on May 1, 2013?  You may wish to check here http://tinyurl.com/buk4z5v  and watch this video clip http://www.youtube.com/watch?v=UnlC_yHT_pg and see if you can afford to be elsewhere that day!

Rule 6 is my favourite. It is the only one that has a touch of mysteries. When you understand this principle and you apply it diligently, it is impossible for you to be consumed by financial crisis.  All my mentors put this principle as number one on their list of virtues to apply. So read it with an open mind and once you are inspired, you can start to deploy it. You would never regret you did. Believe me!

My mentor  had mentioned it more than twice during one of my casual chats with him in his house. The fact that he dwelled on it again during my last recorded chat with him is an indication that he regards giving as a key principle for creating wealth.

He said: “Giving is one key principle of wealth creation that I learnt early and I thank God for it. There are two types of giving I want to talk about here and I will explain what happens when you apply them.

The first level is that you should materially bless your biological parents. By this I mean your biological father, your biological mother, your father-in-law and your mother-in-law. Practising this consistently attracts two outcomes: First, your wealth would be stable; and second, you will live long. This is not a theoretical exposition. I have practised the two consistently and I believe that since I have attracted the first blessing, the second benefit would also follow.”

“It is God’s injunction that we should honour (especially financially) our parents so that it would be well with us. It follows that if you don’t honour them, you would continue to struggle in everything: in health, in wealth, in career, in relationships, and in all other areas”.

“In January of every year, I issue 12 post-dated cheques each to my father, my mother, my father-in-law and my mother-in-law. This covers my giving to them from the month of January to December. I have done this religiously for quite some time although I won’t tell you how much it is. It was interesting that when my father-in-law died, he still had the cheques for October, November and December that had not been cashed under his pillow”.

“Besides, every three years, I also change the car I give to each of them. This is a spiritual law that I encourage anyone who wants stability in wealth and prosperity to practise. If you don’t observe it, you would come down no matter how far you have gone. The money you give doesn’t have to be huge but let them feel your impact”.

“I laugh when I see men who say they love their wives but their parents in- law are suffering. That love is fake. The love must reflect on how much material blessing you have pushed to them. Some park four cars at home and yet their in-laws are trekking about on foot. That is not love. If you love your wife, you would honour her parents. The reason I picked this first level of giving is that if you cannot relate with it, I don’t see how you can be comfortable with the second level, which is giving to God. If you do not feel comfortable with giving to the people you can  see, how can it  make sense to you to give to God whom you do not see”?

“The second level is giving to God. This involves paying your tithe (a tenth of your income) and giving generally to support the work of God. Even if you are not a Christian, you can always set aside the same proportion of your income to give to charity or bless the less-privileged.  One of my ambitions is to be able to issue a cheque of N1billion one day either as a tithe or just to support the work of God”.

“It would help if you understand the principle behind this type of giving. This is one key way God tests your faith as a believer. If you are not comfortable with giving, it means you have not mastered greed. It is a measure of wisdom to believe that what we see now was created by invisible things. Everything your physical senses can behold is only a fraction of what is available on the invisible plane. It means that real wealth cannot really be conceived by our own imaginations. You need to know how to download information from the spiritual realm and giving is one key that unlocks that possibility.

I have studied really wealthy people, they are addicted to giving. Bill Gates has resigned formally from Microsoft Corporation and has been spending his time giving out his wealth to the less-privileged. His friend, Warren Buffet has equally signed over a sizable proportion of his wealth to charity. Interestingly, the more these people give the more they make money.

There is a connection between your level of giving and the level of blessing you attract. I believe that you have heard of some names such as Rockefeller Foundation, Ford Foundation, and so on. They were set up by individuals who, though are long gone, understood the implication of giving.

When you give, your wealth multiplies. The way it works is this: When you channel material possessions to the work of God or to those who are less-privileged, God regularly opens windows of heavens to you. That means he would regularly plant wealth ideas in your mind which if you are sensitive to implement, would open you to a new vista of wealth. What I tell people is that even if you don’t understand it, keep giving. You would soon get the reward.

When you give consistently, your prayers would be answered. But if you pray without giving, you are wasting your time. Prayer plus giving and hard work bring success. Giving is not something that can be taught; you have to practise it to experience it. I can explain from now till tomorrow the reason you must give, but it may not make sense to you until you exercise faith and try it. When it works, your faith would be built up and you would have the grace to give out more and the more you give the more prosperous you would become ultimately.

We need to understand that God does not need our money. He is only teaching us how to activate spiritual principles. Giving benefits the giver, not God.  Those who say they don’t give because they don’t have enough are probably not serious. It is a principle. If you cannot give 10 per cent out of the N10, 000 you are earning now, even if you earn N1m per month, you still would not give. It is better to understand the principle first and make up your mind to apply it under all circumstances.

Here are the link http://tinyurl.com/buk4z5v  and the  video clip http://www.youtube.com/watch?v=UnlC_yHT_pg. Check them and you will see that everything is possible

NUGGETS

•If you have not been giving before, you should make up your mind to incorporate giving into your wealth philosophy.

•If you are Christian, pay your tithe consistently and regularly give to the work of God.

•It may help to take note of your financial state before you start to give and constantly monitor the progress you are making.

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Rule 5: Focus On Your Cashflow http://www.pmnewsnigeria.com/2013/04/15/rule-5-focus-on-your-cashflow/ http://www.pmnewsnigeria.com/2013/04/15/rule-5-focus-on-your-cashflow/#comments Mon, 15 Apr 2013 14:08:03 +0000 http://pmnewsnigeria.com/?p=160157 Here is rule 5 for mastering wealth.  Just as you cannot survive without blood flowing in your system all the time, cash  is an essential force of life that must not be out of your system. Without money in your personal system, you cannot fulfill your destiny fully.

When more money flows into your system than it goes out ( positive cashflow), you are empowered to take advantage of many investment opportunities that come your way. That is the theme of the message  this week from my mentor . Read his rule 5 thoughtfully and you be blessed. Guaranteed!

Cashflow Is King

I was at my billionaire mentor’s house by 6.30 p.m. He had just returned from a thanksgiving service in his church for an OFR just given to him by the Federal Government of Nigeria. Quite a number of  friends were also around to savour the occasion with him. It was obvious he could not be pinned down to any extended chat. We mutually agreed that it would be okay  if we could meet in his office the following Monday. I was in his office located on the last floor of a 14 story building he acquired about four years ago. From  enquiries, I understand he has acquired almost all the surrounding buildings in the areas which he intends to convert fully serviced apartments with about 3,000 rooms.

I still could not pin him down to talk in his office but I had a very nice view of the goings on in his office. Between 9.00a.m and 10.a.m on Monday morning he calls in a clergy to conduct a morning devotion involving all his staff except people of different faiths who are permitted  to stay away if they so wish.

From 10.00a.m in he addresses all his managers in the main office and this lasts for about one hour or more depending on the intensity of the issues to be discussed. He came out at intervals just to say hi to waiting guests. I was out of the building to conduct some official business transactions I had programmed for the same area but I was back much later in the day just on time to catch him on his way to board a boat home. We chatted on quite a number of issues but I was fascinated by his discourse on cashflow.

My mentor said: “The foundation of my business model is a robust cashflow. Without a cashflow you are really not in charge. With our cash flow we are almost indispensable to the banks. They cannot push us away.  I just paid N1 billion to a bank to settle an outstanding debt. The bank was surprised. Many people make the mistake of thinking that accumulating asset alone make them wealthy. You must have a healthy cashflow in place. Without a cashflow you cannot take risks. Without a robust cashflow, you cannot take advantage of business opportunities. Without a good cashflow in place, you cannot push your business aggressively in the direction you desire.  Our fuel stations play a major role in our cashflow system. With what flows from the stations to the banks daily, the banks cannot but take us seriously. When we ask for loans they grant the requests without much talk.  Every business that really wants to be on top must decide on a cash flow strategy for that business”.

My mentor eventually got into a waiting boat and sped off to his house with six of his staff but I kept reflecting still on the discourse on the cashflow and reminded me of what my other millionaire friend told me not too long ago.

I had gone  to pay a surprise visit to him with my wife. Our objective was just to show appreciation to him for making it to the launch of my new book, The Millionaires’ Capsules around that time, especially his decision to give a personal testimony publicly (a possibility we had earlier ruled out) about my mentoring relationship with him.

He met us in his expansive home office. By the way, my friend retired not too long ago from the company where he had worked his way to the millionaire status after about three decades of service.

He has launched into a new and exciting phase in his life. He is now going to be travelling around the world talking about his passion -Art Collection. He is in hot demands from major Western and European countries. Isn’t that a fascinating way to retire? It has also confirmed that you really don’t have to become your own boss to be wealthy: you only need to understand your temperament and follow fitting investment strategies.  My friend started to invest in the Stock market right from his secondary school days, and began to collect arts over two decades ago.

Just to kick off our discussion, I asked him to estimate his worth and especially his art work. His reply was a surprise (shock, really) to me. My mentor said: “My dear Ayo, I am sure you would be surprised if I tell you that I am not even a millionaire. That means I am not a billionaire contrary to your perception.”

When I asked him to explain what he meant, he said: “A lot of people including you (myself) make a grave mistake in the way they calculate their worth or net worth. Let me assure you that if you aggregate all my artworks, gold and buildings, they are in billions of Naira. But that doesn’t make me a billionaire. My real billionaire status is determined by the cash available to me now that I can spend when commitments crop up.

“It could also be in what I can quickly convert to cash. My artworks are worth billions of Naira, but I can’t sell them now or immediately. A lot of people deceive themselves calling themselves millionaires and billionaires when they don’t have cash to spend when real needs come up. So, my friend what I am about to do in my retirement period is to work hard to become a real millionaire and billionaire if it works out well. You are still young. You would save yourself a lot of embarrassment if you can focus on building a robust cash flow while you still accumulate tangible asset.”

I thanked my mentor after discussing other things and I left. But what he said refused to fade away. It was a subject of reflection throughout the week that followed. My first encounter with the subject of cash flow was when I was the Managing Director of a  national business newspaper still fresh from the field as professional reporter.

In the second year of our operations, the audited report indicated that we had made a profit of N15million. I was so excited that I organised an informal “Thank you” party (suya and pepper soup only!) for my key managers who made the “feat” happened.

The celebration was, however, cut short with what happened with my chairman then. When I reported that we made a profit of N15million, she also congratulated me but however, asked a simple question: “Can we issue a cheque in the tune of N5 million naira to pay dividend to shareholders? When I called the bank to know our balance, I was shocked to find out that there was no cash in our account. In fact, I was told that we were operating only on the overdraft facility extended to us by the bank. It did not occur to me that part (85 per cent) of the assumed N15 million profit were debts owed to us by big advertising agencies some of which could actually go bad (we might not be able to collect them). The rest belonged to newspaper agents who collected copies of our newspaper but refused to pay promptly.

That experience has forced me to focus less on  paper profit and focus on cash that comes into the business and the one that flows out of business.

When you issue cheques to suppliers, pay staff salaries, pay tax to government and for equipment maintenance, cash flows out of your business. When you receive cash or cheque for products sold and services rendered to third parties, cash flows into your system. When more cash flows out than it flows in, you are said to have negative cash flow and when more money flows into your system than it goes out, you are said to have a positive cash flow.

The number one job of a Chief Executive Officer is to monitor the cash flow. If there is no money to run your business, your business may soon face bankruptcy even if your auditors say you profit is N100 million. The same thing is applicable to personal cash flow. What my mentor is saying is that while you  put your mind on asset acquisition, make it a priority to build a robust cash flow that can make you to run your life and personal business. Who says cashflow is not king!

Catch you next week

Prosperously yours.

NUGGETS

• Sit down with your spouse to calculate how much money you would need, daily, weekly, monthly and yearly to take care of all your expenses.

• First project how you can build sustainable streams of income to support your life style.

• After that, put a plan in place to also build your asset base.

•But remember, cashflow is king.

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Rule 4: Put Your Mind To Profitable Use http://www.pmnewsnigeria.com/2013/04/08/rule-4-put-your-mind-to-profitable-use/ http://www.pmnewsnigeria.com/2013/04/08/rule-4-put-your-mind-to-profitable-use/#comments Mon, 08 Apr 2013 15:21:17 +0000 http://pmnewsnigeria.com/?p=159591 Here is rule 4 for mastering wealth.  Whether you will succeed or fail, whether you be poor or rich, the starting point is your mind. You cannot progress faster than your level of inner transformation. God knows that you would be destroyed if He blesses you ahead of what your mental and intellectual capacity can contain.

That is the theme of the message  this week from my mentor . Read his rule 4 thoughtfully and you’ll be blessed. Ensure you also read my suggestions on how we can work together in 2013.

Wealth starts from your mind

I met my mentor under the mango tree and after chatting for a few minutes, we decided to go to his study. I was surprised by the state of the study. The whole floor was littered with books while the shelves were almost empty. On enquiry, my mentor told me he was clearing the place for his new arrivals while the books on the floor were to be moved into his other offices, and given to friends who could find them useful.

He repeated what he told me earlier but in a different form: “As I told you the other time, I always update my knowledge because the present challenges cannot be solved by the knowledge I accumulated yesterday. Do you know, for instance, that long before the Stock market started to run into challenges, I had already moved out virtually all my money? Robert Kiyosaki, the author of Rich Dad Poor Dad, had already predicted it and he indicated how it, usually, would happen and once I saw the signals I decided to take a decision. That is why I say if you must be successful, you must constantly update your knowledge. Anybody could have picked the signs of meltdown in the Capital market, especially with what was going in respect of the prices of bank shares.

“There were few inconsistencies in the asset declaration by some of the banks and some of the prices of their stocks had no relationship with their real worth. A knowledgeable investor would have known that the party would not continue forever.”

That was just by the way. My discussion with my mentor that Sunday was on the role of your belief system in your wealth status. My mentor started this way: “I have said this several times and everywhere I had been asked to speak, wealth is a product of your belief system. It is your dominant belief that would eventually determine your wealth status. And it is a choice. All of us make choices about our wealth status all the time with what we allow to dominate our thoughts. It is a choice really. You can choose to be poor by what you believe and you can choose to be wealthy also by what you believe.

There are two choices really: you can either choose to be a failure or choose to be successful.  Either would be yours. This is the way it works. Assuming you choose to be a failure, it is always available. You don’t need to worry about reading, about networking with successful people. An individual who has chosen failure as a path won’t do what you are doing chasing successful people all over the place to learn from them. In fact, he does not need any adventure, he could just sit down in the village, enjoy everyday as it comes, and I tell you failure would overtake him. He doesn’t need to struggle to for anything.

On the other hand, if you decide you want to be successful, that is where the problem starts because while failure is available to anybody who wants it, success is usually far away and it has to be pursued. Your mindset must change first because real wealth actually starts from your mind. It is almost impossible for wealth to be created by a mind that is not transformed. Your mind must be expanded to accommodate the fact that you really desire to create wealth”.

We both agreed to stop there. We walked around the compound for some few minutes talking on other issues. He bade me bye at his exit gate and I sped off in my car, happy that I had picked something valuable during that encounter.

I can’t wait to catch up with you next week with my next lesson with my billionaire friend. Please ensure that you are moneywise throughout the week because you are blessed and highly favoured.

Best things always.

You Can Make 2013 Your Best Year Ever! 

Over the last 3 months, I have been doing a lot of re-organising and my team and I have developed new strategies to help YOU have a better, richer and fuller life in 2013 and beyond.

But I have discovered a problem. It is this: I have worked with so many people who have failed to implement the strategies and ideas I have shared in most of my platforms.

A few have gone beyond merely reading, to consistent application of some of the principles I have shared in the past and the results have been great. The testimonies are pouring in and I want to do more. I have, therefore, decided to cut off the slackers and work with only people who want to move forward.

As you can guess, I receive hundreds of emails every day but there is no way I can attend to all of them— but I still want to be able to attend to those who are truly serious.

More than that, on my last birthday (Monday 4th March), I decided to just stay somewhere to reflect on the journey. It occurred to me that God has been very kind to me. Even though I have made many mistakes, I have also learnt some incredible lessons that have become invaluable to me.

One of the things I also did was to assemble (in my electronic files) all the materials that have helped me get this far and I want to give out most of them FREE, especially to those who have been loyal fans. The documents include a variety of subjects including:

•Time management

•Brand to cash conversion techniques

•Editing and writing skills

•Information marketing products creation techniques

•…and a lot more!

I will not only give them out free, I also intend to show those who are lucky to get them how to apply the materials to their business, career and lives.  I want to share the information with only the people who want to change their lives and trust me to provide the information that can make it possible for them.

If you are ready to change your life and work with me, simply go to this web address: (http://tinyurl.com/dy9mn6t) and follow the instructions there. You will be glad you did!

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Rule 3: Go For Knowledge First http://www.pmnewsnigeria.com/2013/03/25/rule-3-go-for-knowledge-first/ http://www.pmnewsnigeria.com/2013/03/25/rule-3-go-for-knowledge-first/#comments Mon, 25 Mar 2013 12:15:33 +0000 http://pmnewsnigeria.com/?p=158300 Here is rule 3 for mastering wealth. Here is the message; those who spend quality time and resources sharpening their intellectual capacity for wealth would forever be ahead of those who are just into wealth hunting without adequate intellectual preparation.

This is the content of the next discussion with my mentor and it would serve you well in 2013 if you can apply the tips contained therein.

Buy knowledge

I was in my billionaire mentor’s house by 7.00p.m. that Sunday. There was an instruction that I should wait for him at the beach side. I was there for approximately 15 minutes, and during that time his wife and lawyer joined me, and we had interesting chats together. The lawyer later left to join him in his study. About 10 minutes after that, his executive assistant beckoned that I should come, that “oga” had asked that I come to the study area.

I sat in front of the study, a whole building, waiting for him while he was still having a discussion with his lawyer. The place I was is also close to the beach side. A man was busy fumigating the entire compound with his machine. As I continued with my observation, something told me that I was in the right environment at the right time. I could hear the conversation between my mentor and his lawyer, and I think it was deliberately meant to be so as it was in an area my mentor knew I could do one or two things for him.

I was ushered into his study after about 20 minutes on the balcony. It was a surprising experience. My first wealth coach used to say this: “God was very deliberate and purposeful in everything He created. He gave us two ears, two eyes, two hands, two legs and a mouth because he wants us to listen more, observe more, work more, walk more and talk less. When you observe more, God and the nature He has created minister more to you and give you more instructions that you can apply in life.”

I have taken that as a Golden Rule as I take more time to observe things before I move. What I had been doing with my mentor was to take my time to observe things about him ever before we start to take things formally. Let me share some of the things I observed about my mentor with you.

First, my mentor is obsessed with books (I hope that is the right description). I used to brag about the fact that I have so many books. That was first challenged when I visited my first wealth coach in his Ikoyi house and I saw the breadth and dimensions of the book collections in his study. It occurred to me I had to brace up. Now, I am seeing something that is beyond description in my billionaire mentor’s house. What I observed is that a whole building has been converted to his study with books and journals of various subjects neatly arranged on huge shelves created purposely for them. My mentor allowed me some time to move around the area.

My mentor showed me a bank guarantee for N40 million which he had just secured to order for 4,000 books from abroad! He had also just recently ordered another set of journals and books worth £150,000. During our conversation, he said before the books arrived all the books in his shelves would be given away —some to a media house he had just acquired, some to his friends (he promised to give me some) and some to his other companies.

That to me was a big surprise. Why would he be  disposing of books instead of just adding more  to his collection. His response changed my perspectives about knowledge acquisition. “This should not be a surprise to you. This is the way I look at knowledge acquisition. What do you think will happen if a doctor is using expired drugs to treat an ailment? One of two things would happen: it is either he kills his patient or he complicates his ailment. The same thing is applicable to someone reading outdated books and journals. I have observed that the reason our universities are not making progress, the reason our country is gyrating on the same spot is that we don’t have access to current thinking in the relevant area of knowledge. We want to solve current challenges with outdated knowledge. Someone once said that insanity is doing the same thing over and over again but expecting a different result.”

“To me, the first sign that you are on the billionaire track is the volume and the currency of the books in your study. It is taken for granted that you cannot achieve any lasting wealth that is not backed by robust intellectual capacity. That is why I would never respect anybody who acquires wealth without a commensurate intellectual capacity. It is a matter of time. That money would vanish. You can go and put it to test yourself. How many people have had songs recorded in their names in the past that you still see around with their wealth today. If you make money from government and you lack intellectual capacity to sustain the wealth, the money would vanish the moment you are out of government”.

“Every true billionaire is an addicted knowledge searcher. Jesus read. Mohammed read. Bill Gates is a reader. Still in his ’80s, Warren Buffet, the world’s richest investor, is a committed reader. If you are a millionaire and you want to climb the billionaire ladder, the first place to start is to beef up your study. Get books on all areas and read them. What I do is to stuff my system with all manner of books and from different areas. I read all the time. The way it works is that when you meditate from time to time, your brain and mind would come alive and produce wealth-creating ideas quickly than someone who has no stuff inside. For instance, I am not afraid of challenges because I know that the solution is somewhere in a book. If you want to succeed in your life and in your business, the first step is to beef up your intellectual capacity”.

When I go out to speak on wealth issues, I usually tell people who say they are jobless to go back to school. If you have obtained a first degree and there is no job, go back for your Master’s and if you have finished the Master’s and still no job, go back for your Ph.D (Doctor of Philosophy). The trick is this: Your Ph.D may not fetch you a job immediately, but it would dramatically improve your ability to reason. And this is a good foundation from where to start wealth acquisition.”

I must say everything he said was from a different perspective than what I was used to.  I was challenged all the same. I asked my mentor to give me the list of 10 books that have made the most impact on him. He rolled out the names off-hand. I have just one of the books in my library. He told me to read a particular one which he said changed his own perspective about wealth so much that he had to travel to the US to locate the author and give him $150,000. I was speechless.

Let us stop here this week. I will share with you  rule 4 next in the next article.

Prosperously yours.

TAKEAWAY

•Take a decision to be a lifetime knowledge searcher and an addicted book reader

•Decide from this month to set a certain per cent of your monthly income aside,  strictly for buying books and attending seminars

•Read at least one book and a month and implement any insight gained from the book read. Success is guaranteed!

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Rule 2: Start With Correct Interpretation http://www.pmnewsnigeria.com/2013/03/18/rule-2-start-with-correct-interpretation/ http://www.pmnewsnigeria.com/2013/03/18/rule-2-start-with-correct-interpretation/#comments Mon, 18 Mar 2013 12:54:16 +0000 http://pmnewsnigeria.com/?p=157585 I trust you are following the series on the RULES FOR WEALTH which we started two weeks ago. It is by putting into practice the nuggets shared in the articles that you can gain any advantage. I encourage you commit yourself to implementing at least one nugget in every article you read.

We treated Rule 1 during which we discussed the need to have a wealth plan in place. In this rule, we are asserting that having a plan for your wealth adventure will help give you speed. Let me emphasize this:  You cannot expect to become wealthy by just reading each of the rules.  You have to dig deeper. Every rule is loaded but it can make a difference in your life if you are willing to tear the veil off every code in the rule, meditate on it, brainstorm with other fortune hunters,  apply the rule  with diligence and, as some pastors would say, ‘Push Until Something Happens’  (P.U.S.H)!

I was in my mentor’s house on a Saturday and without wasting time, he just started shooting straight on our topic of discussion (Start with correct interpretation).

“From my experience, the starting point for generating wealth is to first of all, have your own definition of wealth and why you want to be wealthy.

I have observed that the reason many people are desperate to make money is because they don’t understand the purpose for wealth. Some are ready to kill to make money. Don’t you read in the newspaper accounts of how people kill other human beings for wealth rituals?

“Many people think wealth is the Naira note they carry around. They have missed it ab initio. So, everyone who desires to be wealthy must have correct interpretation of that concept.”

In that meeting, my mentor asked my opinion of what wealth is and what came to my mind was what my billionaire arts collector once shared with me and I related it to him. While I was in his place, I had asked to understand his view and perception of money.

He gave this line: “Very well then,” my friend replied, “let me discuss some of my belief system about money with you. This will take some time because I really want you to avoid the traps many people have fallen into in search of money.  I will title the first nugget: Search for wealth, not money.”

I feel very sad, very sad indeed when I see people doing all manner of things to acquire money. How I wish they labour to create wealth instead of running after money. There is a lot of difference between wealth and money. Wealth has to do with both the tangible and intangible part of human life. There are some people you see with a lot of cash but if you consider their totality as a person, they cannot be deemed to be wealthy. If you have money and you do not have the know how to use money, you cannot be said to be wealthy.

Wealth is how the instrument of money has been programmed such that it can continue to generate money from any opportunity. That is, a wealthy person can generate cash at will because he has mastered the principles for wealth acquisition. Money, on the other hand, exists on a momentary basis and that is why it is sometimes said that money has wings and can fly away.

You are wealthy when you have mastered the principles for attracting instruments of value at will.  Being wealthy entails far more than having money. It encompasses different instruments of value that can ensure that whatever you have today is managed, as money can continue to regenerate almost indefinitely. Wealth has to do with your personality. It has to do with your attitude to life.

You can be wealthy without having money. If you look back, you would recall that some of our grand fathers were wealthy without having so much cash to spend. You could pinpoint their sources of livelihood and many people looked forward to becoming like them. You can have little money and so much wealth. Whereas you can have plenty of cash with little self-value— I won’t consider a person in this category as wealthy.

Wealth is much more. Building wealth requires good preparations on how you intend to deploy the wealth when it is acquired. Very wealthy people are people who don’t make noise. They prepare well for the wealth and they understand the real meaning of wealth. It has a lot to do with your value system. Look at Bill Gates. He has a wife and three children (Jennifer Katharine, Rory John and Phoebe Adele), and he is busy travelling around the world giving part of his money back to the society. The same is true of his friend, Warren Buffet, who gave almost 70 per cent of his money back to the society.

Let me share this with you and I suggest you learn it by heart if you really want to have fulfillment. The truth is that at the end of the day, we are all on a conveyor belt of life. You will come and go. We are at different portions of the conveyor belt. We drop at different points. There are coffins on both sides of the conveyor belt. There are different entry points and different exit points. We enter at different points and at different times and we all must exit at different points and at different times. There is always a coffin waiting at different points.

The question that would be asked at the exit points is what you did with the portion of time you had on the conveyor belt. That is what determines the values of a person. “Nobody will remember what you held while you were on the conveyor belt of life. They’ll remember what you left behind that germinated— the value has to be right.”

I can’t wait to catch up with you on the next rule. Remain moneywise throughout the week because you are blessed and highly favoured.

Prosperously yours.

NUGGETS

•Before you embark on the search for money, sit down to reflect on what you want to use it for when it comes.

•If you missed this step, you may have missed it all, because chasing money for the sake of it is an illusion. Money has wings.

•Decide from the start to make your wealth affect humanity. That is true wealth.

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Rule 1: Show Me Your Weatlh Plan http://www.pmnewsnigeria.com/2013/03/11/rule-1-show-me-your-weatlh-plan/ http://www.pmnewsnigeria.com/2013/03/11/rule-1-show-me-your-weatlh-plan/#comments Mon, 11 Mar 2013 11:57:04 +0000 http://pmnewsnigeria.com/?p=156862 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

•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*delet@gmail.com*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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7 Rules For Wealth Mastery http://www.pmnewsnigeria.com/2013/03/04/7-rules-for-wealth-mastery/ http://www.pmnewsnigeria.com/2013/03/04/7-rules-for-wealth-mastery/#comments Mon, 04 Mar 2013 14:48:43 +0000 http://pmnewsnigeria.com/?p=156181 Over the past months since this column started , I have received an overwhelming barrage of emails, text messages and phone calls (even when this is not a suggested feedback channel) from perceptive  readers for a variety of reasons. A few people stopped me on the road to make some comments on the column. Some just wanted to commend the content of the column while some wanted solutions to some pressing  issues. There was a lone email from an aggrieved individual who wanted me to “shut up”if I could not provide immediate and practical solution for those who lost money in the Nigerian stock market. Some also offered suggestions on what to include to “spice up” the column.

I appreciate you all and your invaluable comments. In the process of time, I will try to see how we can adopt some of your suggestions. I however felt impressed  to do something in the interlude to address an observation from the different channels of feedback on the column.

Often I hear something like “I am enjoying your column”, your column has really blessed me”, “I have followed your inspirational column with rapt attention”, and so on and so forth. Those who have bought copies of my book, The Millionaires’ Capsules always want me to know that they “finished all the 23 chapters in two days”.

I must say I am worried by these comments. It is not my intention either in the book or  in this column to get you worked up. I want you to really work towards applying the tips I shared both in the book and here.

Remember that I am also a student and my goal is to ensure that as my mentors share nuggets with me, I figure out how to apply them to my life or business. I want you to do the same thing.  It is better to read one article and implement immediately what you find useful there rather than being an article collector. Someone once said that “knowledge is not power but only the knowledge that you apply confers power”.

There is a formula in every article published either in this column or in The Millionaires’ Capsules. Your goal should be that once you finish an article you should work out how to apply the nuggets shared at the end immediately.

I recommended in the book that you should have an accountability partner, someone who can check on you to ensure that you are applying what you are reading. You should do the same for your partner so that together you can make progress.

One way of ensuring that you make progress with each article is to write out a definite statement on what specific actions you would take to implement the nuggets.  Reward yourself as you make progress. I can assure you that if you follow this approach, you would be miles ahead of other readers who just read for enjoyment . You would notice improvement in many areas.

So in the next edition, I shall be starting a series I have titled “ RULES FOR WEALTH MASTERY”. It would run for few weeks before we consider other issues of interest. We have something for you that I won’t disclose now but just keep following the series. One of my mentors told me that making money is the easiest thing to do once every area of your life is in alignment. I take that line very seriously and I want you to also pay attention to it in setting your financial goals this year, if you have not done so.

Taking charge of your finance is not about spending your entire life accumulating money. It goes far beyond that. Real wealth is really not possible until you have ensured alignment in vital areas of your life. I read some time ago about some  individuals in the United States of America who spent all their lives making money. They indeed made quite some tonnes of money. The sad thing, however, was that most of them ended up committing suicide. After all the money, they discovered that they were still not fulfilled. There were still many vacuums money could not fill in their lives.

While I would focus my discussion in this column on financial matters, I am recommending the suggestion of one of my mentors, which is also well articulated in Stephen Covey’s Seven Habits of Highly Effective People  that  you should go out of your way to shape up in these areas: spiritual (the principal thing),  relationship, career, health, community service and personal development.

Let us look at the spiritual aspect for instance. You really cannot go farther in your quest for financial freedom than your level of spiritual development. Real success comes when your level of development outside matches your level of development within. If there is ever going to be an imbalance, it should be in favour of spiritual development.

On health, an Irish friend once told me something when he was Nigeria that I have put in my consciousness. Most of the time when he came to Nigeria, he would get out of the hotel latest by 6. 30am to jog for a distance of about 6 kilometers non stop. He would not take anything fried or with sugar. He was not a vegetarian but he ate more of vegetable and fruits than those things we regard as enjoyment here. One day I asked him why he was subjecting himself to such punishment. His response: “ I don’t want to become a wealthy man in the grave”. I found that profound. What does it profit you to accumulate great wealth and you don’t have a good health to enjoy the wealth. The message is that while you are busy making money, remember to take good care of your health. It is a sign of wisdom.

Relationship counts. You should try to widen your circle of friends all the time. Deliberately look out to network with people who can assist you make your dream a reality.  One motivational speaker once said that there are two types of individuals you would come across on your way to fulfilling your purpose. There are those he calls dream breakers and there are those he calls dream makers. The wisdom is in identifying dream makers and connecting with them while you break off without delay with anybody you suspect can sabotage your dream.

On career, the earlier you come to the reality that nobody is really interested in chatting a career path for you, the better you would turn out in life. You are 100 per cent responsible. You must take time to figure what you want to do in life, the skills you need to develop to get you there and people you need to connect with to make the journey shorter. If along the line your employer shows interest in helping you to contribute to your career development  count this only as bonus.  Always remember that you are in charge.

Again, do not concentrate on your own needs alone. Actually the first sign of spiritual maturity comes at that time when you think more of what you can do for others without necessarily expecting a reward. Get involved in community service.

I believe very strongly that if you make efforts to work on all those areas listed while you are working on your financial freedom, you are likely to end up on the right end of life.  Money can serve as a good lubricant to life, but it is not everything. A life of balance is better.  Of course I am assuming that you know achieving mastery in each of those areas should be a life long thing.

The series I am starting next week will be on how to take charge of your personal finance while I would leave you to figure out the other aspects although I am still going to touch on such areas too as occasion demands.

I shall be sharing with you practical steps you can take to be in charge of your finance starting from now. They should prepare you for 2013

Best things ALWAYS!

NUGGETS

•Take out time to analyse where you are in all the areas I highlighted in this article.

•Make a commitment to work at correcting weaknesses you noticed

•Set definite goals in all the areas for where you want to by December 2013

•Make conscious efforts to review your progress every month or every quarter

•It would help if you can get an accountability partner, especially your spouse.

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*delet@gmail.com*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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If You Were In Their Shoes… http://www.pmnewsnigeria.com/2013/02/25/if-you-were-in-their-shoes/ http://www.pmnewsnigeria.com/2013/02/25/if-you-were-in-their-shoes/#comments Mon, 25 Feb 2013 11:41:24 +0000 http://pmnewsnigeria.com/?p=155492 This is yet another bonus article. You’d better believed this, the road to creating meaning out of life is filled with contours, bends and few mysteries. But your job is to crack  every code you come across on the way. When you choose not to give up, there is victory at the other  side of the obstacle you encounter.

Here are to two live situations. Assuming you were in the positions of the parties, how would you handle the situations? Read carefully and send your feedback to info@billionairecapsules.com. I will share some of the most outstanding responses some time in this column. Happy reading.

CASE STUDY 1: CAREER EXECUTIVE AT CROSSROADS

Dele Adeyemi started work in a well known media house shortly after he left the university. He started in the newsroom as a cub reporter and with diligence he was able to advance the ladder quite speedily. From being just a reporter, he moved on to become an editor in one of the titles in the stable of the company he was working for. On the job, he applied for Reuters’ fellowship and he won; so he had to travel for seven weeks to the United Kingdom for a training on financial reporting in Reuters office. More good things continued to happen to him. Shortly after his return from the UK, he got other opportunities to travel, mostly sponsored, to many countries. Within the country he also  gained  recognition. Eventually he was promoted the CEO of that unit of the company business.

There are few things to note about Dele. While he continued to make money , he paid less attention to financial management. His own conclusion was that: “you only save or manage money when it is not enough”. The interpretation was that as long as he continued to do well in his career,  money would never be a problem. And it was not. At least until after a while.

But as Dele would soon discover, there are certain things in life we cannot determine how they would turn. While in the office one day, a visitor who had  followed his work got close to Dele and they started to exchange views on many things. In one of their meetings, Dele’s friend, who had resided in a European country for some time, suggested that they start a business by the side so that he (his new friend) would manage it on behalf of the two of them. Dele obliged but without discussing with his wife.  And things were working out well. They were making more money from their joint business  which in a way was in the same line of business with Dele’s official job. After two years of running this business , Dele discovered that he had to really spend some more time on his side business. His attention to his official business started to wane.

One day a letter was brought to the office addressed to Dele on a project relating to Dele’s side business. Unfortunately for Dele, his Chairman, who just strolled into the office that weekend was the one that received  the unsealed letter. He just casually read it only to discover that Dele had another company beside the one that provided his monthly salary. The chairman was enraged and put a call to Dele to ask him a few questions. Dele sensed trouble. He called the writer of the letter who later explained that he did not know there was a difference between Dele’s side business and the one in the correspondence.

Not willing to face the embarrassment the scenario would bring especially as the chairman had taken him to be a trustworthy fellow, Dele simply wrote his resignation letter and sent it by courier the following Monday. He never resumed in that office again. He had spent seven years working with the company before he left without any entitlement.

When he explained what happened to his partner, he (the partner) encouraged him to resume and run their business fully. He discussed this with his wife who insisted on knowing his friend. Dele’s wife eventually met his friend and her remarks when Dele was back was that: “I sense in my spirit that this guy is not right for you, why don’t you pray about it?” Dele ignored his wife and ultimately, he resumed to run the joint business with his friend. But a month after he resumed in the office, Dele, a born-again, tongue-talking, spirit filled Christian,  discovered a more devastating shocker: his partner is a member of  seven occultic  societies and he had always conducted some sacrifices in the office in the night, alone in the office. Dele at the moment is devastated. He has lost the job he loves and the carpet has been pulled off his feet even on the fallback business.

Exercise:

1.What would you do if you find yourself in this position?

2.Where did Dele miss his step?

3.What are the life lessons we can extract from this scenario?

CASE STUDY 2: COMPLICATED PARTNERSHIP

John and Charles were two bosom friends from the university. They did so many things together. They studied together, went to parties together and had fun together. Any time they were on vacation, they would  spend the holiday with either of their parents. Over time they became family friends.

Charles studied International Relations and later acquired marketing skills along the line. John on the other hand studied accounting and he later qualified as a chartered accountant. While still in the university , they both tinkered with the idea of setting up their own business. But this could not be achieved immediately. They both worked for different companies for four years and ultimately they decided to give an expression to their earlier desire. They both set up an IT firm. Good enough for them, it was the time the banks were compelled to be IT compliant and this got them many juicy jobs.

In terms of responsibility sharing, Charles was asked to be in charge of marketing. He was the one in charge of developing the marketing concepts for the company and handling all its marketing activities. As would be expected John had to take charge of the operations including the accounts. In terms of shareholding, they both had equal shareholding.

Given his position, John was the one handling all payments to internal and external individuals and Charles had no reason to distrust him. He just faced his own business bringing more customers and more money.

One morning when Charles came to the office, John said that he thought they should create the office of the managing director which he would occupy  while Charles would be given the position of executive director in charge of Sales. Charles had no problem with that.

A week after that, Charles just came to the office only to discover that John had created two offices (they were staying in the same room before) and got his own office furnished with AC, refrigerator and other things while Charles’ office was just barely furnished. What baffled Charles was that he did not sign any cheque so how did John get the money. Charles decided to make a bit of trouble by challenging John but he was shocked by John’s next statement that read like this: “If you don’t keep quiet, I will simply fire you and return all your investments in this company to you”.  More shocker: the following day, John announced to Charles that he would be going on vacation to London the following week and that Charles should let him know if he needed him to release some money before travelling.

Here were the discoveries when Charles decided to find out more:

•John had removed Charles as a signatory to the account working in active connivance with their bank.

•He had opened a foreign account in the U.S without the knowledge of Charles and he had transferred a huge amount of money to that account over a period of one year and had withdrawn from that account a number of time.

Charles was speechless and seemed to have no clue on how to handle the situation.

Required Exercise:

1. Assuming you were Charles , how would you handle the issue?

2. Did Charles miss out on anything?

3. What are the life and business lessons to draw from here?

Send your feedback to info@billionairecapsules.com

Prosperously yours

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How To Get The Best Out Of That Book http://www.pmnewsnigeria.com/2013/02/18/how-to-get-the-best-out-of-that-book/ http://www.pmnewsnigeria.com/2013/02/18/how-to-get-the-best-out-of-that-book/#comments Mon, 18 Feb 2013 13:46:07 +0000 http://pmnewsnigeria.com/?p=154831 Going by the promise I made in  my last article, I should be sharing with you the tips  on how we can both work together effectively and profitably in 2013. I will still do that but I just felt like responding to an issue that has been recurring  in the emails I have been getting since last year.

Most of my readers felt overwhelmed by the sheer number of information that come their way and having no clue on how to deploy them. One reader threw this at me: “While I deeply appreciate all your efforts at getting us informed, I just hope you know that some of us are overwhelmed by the amount of materials one has to go through to be successful. I am sure there is a shorter way to success or are there ways of getting the best out of those materials?”

I believe that at some point, you had probably read one time management tip or the other. Some say you should write down what you want to do every day and stick to that list. Those who follow this rule are quick to rush to check-off the list at the end of the day. It is, however, possible to do everything on your to-do-list and still discover that you have not accomplished much. That was a dilemma to me until I came across a new paradigm in the 7 Habits of Highly Effective People by Steven Covey.

The summary of the concept shared by Covey is that you really cannot manage time; you can only manage your priorities. Everyday has 24 hours and your management or whatever technique you adopt can neither reduce nor increase the number of hours in a day. You have no control over that. What you have control over are the things you do within that period of time.

I suggest you get the book and digest the section (especially Habits 1-3 and 7) on how to re-order your priorities to enable you accomplish more of very important assignments so that you don’t major in minor assignments as they would say.

Reading good books is a key task that should be embraced by all, especially those who really desire to distinguish themselves in certain areas. Your mind would remain dull unless you exercise it regularly through strategic and effective reading of good literature. When you expand your mind through reading, you can never be short of what to do when problems arise.

Let me share with you some few tips that I believe could help you in making the best out of books or journals or other information materials.

•You must see every book in your hand as a formula. As someone once said, every problem you would ever face has a solution in one book or the other.

The reasoning is this: An author would not just sit down to write a book if he does not have an idea to pass across. It is either he has used the idea himself or he has observed other people use the same idea with result. He then, decides to package that idea into a format that can enable you to get in less than few hours what could have taken you years of toil, errors and disasters to obtain.

Before you get a book, try to identify the central idea in it. You can look at the title, the content, the summary and even information about the author. All these may not take you more than five minutes. If what you discover addresses your needs, you can go ahead and add it to your list.

•Buy books that address the areas of your current concerns

This increases your motivation to read. That means you should buy books on purpose. If your current area of challenge is personal finance management, you should visit a bookshop and take inventory of the books that address that concern. Better still, you can get an experienced person in this area to give you his or her essential reading list. Apply the first tip to select the relevant ones (remember you are still window-shopping!).

You can go back to the bookshop to pick the ones you can afford.

•Work out a block of time where you do serious intellectual work. This may mean waking up an hour earlier than the usual time or staying up two hours more than your bed time. The key thing here is to be consistent. Do it as if you are training for a sporting event that requires preparations. One author also says that if you practice any skill for three months, such a skill would become automatic -just as you would normally empty your bowel.

•Use every spare time you have to read a chapter or two depending on your schedule. In Nigeria, people hardly keep to time when honouring appointments (if they do at all!). Rather than complain, stuff your bag with an interesting book and pull it out in such moments. You can finish three chapters of a book while waiting to see a managing director or inside traffic. You should prepare to wait for more time if the appointment is with a government official. Every idle time should be converted to a learning time.

•It is advisable to get an electronic version of the same book. Once this is done, you can convert it into different formats -you can put it into MP3 and load it into your iPod, your computer and you can also play it in your car CD player.

These days I encounter a lot of people who plug their iPod earphones into their ears and listen to one message or the other while exercising. I understand that we absorb more when we listen, but it is better to combine the two.

You can listen to a book while you are in the toilet. Indeed, a few of my friends confess to me that the best place they get inspiration is in the toilet. This makes them to go out of their way to make their toilets conducive to such indulgence. I have a friend who has a loud speaker in every point in his house to enable him to listen to good messages anywhere in the house including the compound.

• Read the book through once just to get a sense of the whole message. At this point you may not be particular about taking notes. It may just be okay, noting any point that attracts your attention. You should, however, treat the second reading as a serious business. You should read slowly and get your pen handy to note key ideas from the book.

Most people (including me), however, prefer to note down or mark whatever interest them on the pages of the book as they read along. Some use different colours of markers to shade different areas that appeal to them. Whichever method you adopt, it is advisable to approach the second reading as if you are searching for a solution to a problem.

•Read the book with the aim of both practising what you are reading and sharing with other people. These two can make a lot of difference to what you get in the book. Sometimes when people call me to say that they finished my book in less than three hours, I know they have not started. A single book can take you a month to complete if you adopt the method I have suggested above.

Depending on whether the ideas shared in the book are sequential or arranged to be independent, you should not move to the next chapter until you have something you can implement or teach. It is better to read one book in one month that makes a great impact than reading 10 books that have no proofs in your life.

• Buy books on recommendations. You would save a lot of time and money if you would just ask someone who is successful in an area of concern to you to give you his reading list. This works like magic. You just go straight to the point because someone has used it with results. Some books may look attractive outside but may be worthless in contents. You don’t want to waste your precious time on such. On the other hand, some books may not appear attractive but contains gems inside.

At the appropriate time, I shall be putting in your hands some of the powerful books recommended by my mentors that you can also buy. Be on the lookout for them.

Best things always!

•Identify an area in which you currently have a challenge.

•Buy a minimum of six books in that area (on recommendation).

•Devote time to read the books and extract nuggets for implementation

•Seek opinions of others in that area.

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Ask Double A http://www.pmnewsnigeria.com/2013/02/11/ask-double-a-3/ http://www.pmnewsnigeria.com/2013/02/11/ask-double-a-3/#comments Mon, 11 Feb 2013 12:12:16 +0000 http://pmnewsnigeria.com/?p=154043 In this edition, we take on yet another question sent in by a reader of this column.  In the next edition, I will unveil how we can work together in 2013. See to it that you do not miss it for anything.

How do I invest correctly in Stocks?

Many thanks for your insightful weekly articles. I need your advice urgently. I believe I am not investing right and I have made up my mind to correct everything and start properly. I have investment in the shares of about 45 companies quoted on the Nigerian Stock Exchange. I am confused on how to track them. How much shares should be ideal for my portfolio and what tips do you have for me as I rework everything?

From experience and from interactions with some of my friends who have invested successfully in the Stock market, I would suggest that you try to limit the number of shares in your portfolio to a range of between five and eight at the most. To succeed in any investment endeavours, especially in the stock market, you need to be laser-focused. To succeed, you need to have quite a lot of information on the companies that issued the shares you are buying. With as many as 45 stocks in your basket, this assignment becomes difficult.

The truth is that you do not gain any special advantage collecting shares anyhow. You can make even more money from three on which you have enough information than 45 stocks on which you have very limited understanding of their dynamics.  This may sound very funny, but I have friends who could not tell readily which shares they actually have in their portfolios. They just accumulate as they are inspired without following any principles. Some have shares of companies that were long gone out of business in their portfolios. You must have adequate understanding of the components of your investment portfolio at the least to achieve success.

The first step you should take in moving forward is to get your portfolio of shares screened and reconstructed. You should sell off those that are not contributing much and use the proceeds to buy more of the stocks that have done well and are likely to do well in future given your investigations. Prune everything to about eight initially, and ultimately, you could stop at a sizable number of about five.

Second, in pruning, you should allow your investment objectives to guide you. Think through your reasons for investing. Is it for regular income or for long-term keep? Do you want to speculate on all or on some?  Would dividend income matter to you? When you are sure of your objectives for investing, you can then accumulate the types of shares that would meet these objectives. If you are a speculator, you should not try to buy certain shares that have achieved some level of maturity and are not likely to witness any dramatic price appreciation. The suggestion is that you should pick stocks that match your investment horizon or temperament.

Third, it would also be wise not to restrict your selection to one sector only. You should research into about four to five industries and pick the best shares from each of them and include such in your portfolio. It would mean, for instance, that if you have seven stocks in your portfolio, all of them should not be from the same sector, banking for instance. You should consider other industries that have the prospects for growth. This insulates you from total disaster should things go awry with your sector of choice in the market. Even at that, you should regularly review the stocks and the industries for the purpose of weeding out stocks and industries that do not meet your investment expectations. Do not be emotional at all about the exercise. Remember it is your money and your life, really. It is worth giving enough attention.

If you intend to speculate, you should have entry and exit strategies and be disciplined enough to follow your plans. Greed is the number one emotion you have to eliminate if you want to achieve success in your investment in the stock market.  In addition, you may want to further diversify your risk by looking outside the market.

I believe strongly that you are on the right path. Someone once said that once you are on a wrong destination, every bus stop you reach is a wrong bus stop. It is better to stop and retrace your steps and do things correctly rather hoping and wishing that things would correct themselves. I wish you good luck.

How Do I Decide the Passion to Pursue?

I am a very creative person.  I won’t say I have passion but passions. I can come up with 10 ideas in a week and this continues anytime I am alone. I also have multiple skills. I can sing. I can dance. I can draw. I can make people laugh. Surprisingly, I am a graduate of Microbiology. My concern is: which one is my passion and how can I identify it?

You are not alone. A normal human being, research has shown, can have between 500 and 700 ideas he or she can tinker with per time! If you are pushed to the wall, for instance, there are things you would discover you can do. Any time I travel abroad, I am usually amazed at how quickly my friends cross over to other skills. I have friends who studied Mass Communication in Nigeria but had to study Nursing to be able to work abroad. Some studied Medicine in Nigeria but had to switch to Information Technology (IT). Every human being is so wired to multitask.

Here is a line you should ponder on. Nobody is an accident on this earth. There is a special assignment you are created to accomplish before you return to your maker. You must discover this assignment and commit every cell inside of you into accomplishing it. Nothing else would give you fulfilment. Money won’t. Material possessions won’t. Your spouse won’t. The discovery of this purpose comes at different times. Some can know what they are here to do from birth. Some discover this at 30. Some do at old age. Your passion is something you can do even if you are not being paid for it. Real living starts once you discover this. And it gets interesting when you are paid for it.

The discovery of your assignment can come from different sources. You can discover your assignment through difficult problems you face. For instance, someone who goes into personal bankruptcy many times because of wrong investment moves can turn the situation around and become a guru on how to help people get out of financial difficulty. In that case, he does not need to consult any book; he is the book on bankruptcy!  The challenges you face are usually not meant for you. The ultimate intention of the Higher Power is that when you fix the problems, it would be easier for you to teach other people how to fix same problems.

You can also discover your passion by observing what constantly engages your mind and attention. There are certain desires that come to your mind regularly. Pay attention to such and take time to know more about such. If you concentrate very well, one would become dominant. That may be a clue as to what you should be doing.

Your personality is also key. God specially created everybody with certain personality traits. Some have analytical capability. Some can be creative and so on. While it is possible to combine multiple personality traits, it is likely that one would dominate. Focus on the dominant one and nurture it carefully.

You can also ask people around you to let you know what they think you are good at doing. You should not be surprised that people can read you accurately. Your spouse should know what you are good.

Irrespective of how you came about your passion, including developing a skill, my advice is that once it is discovered, devote everything you have to nurturing it until you become a brand in that area. Bill Gates dropped out of school when he discovered that his passion for IT would be frustrated by the academic environment. Tiger Woods started to play golf at a very tender age. I suggest you take inventory of every interest you have and zero in on one. This may have nothing to do with what you currently do. Let me also advise you not to compare yourself with the next person. It is the easiest way to derail. If you text your request to the number above, I would recommend one great book that would open your mind on how to discover your passion. All is well.

Yours in pursuit of enduring wealth

Ayo Arowolo

PS: Feedback: In order to serve you better this year, I would want you to spend about five minutes to give me your feedback on the column . Let your feedback cover the following:

•What I have gained reading the column. Be specific

•What I think can be improved on. Be specific

•What I would like the column to cover in the coming weeks

•Any other suggestions

Send your feedback to ayoarowolo@billionairecapsules.com

Everyone who sends a feedback would get a email containing the recommended books ( at least three) from my mentor .

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Ask Double A http://www.pmnewsnigeria.com/2013/02/04/ask-double-a-2/ http://www.pmnewsnigeria.com/2013/02/04/ask-double-a-2/#comments Mon, 04 Feb 2013 11:29:27 +0000 http://pmnewsnigeria.com/?p=153411 Ayo Arowolo

Ayo Arowolo

Ahead of what I promised to last week, that is , discussing how we can work together in 2013, I felt the urgent need to respond to some of the questions that have poured into my email box. I also appreciate those who created the time to respond to my call from feedback. For those who responded, the FREE I promised should be in your email box in 24 hours.  Let us attend to just two of those questions in this edition. We might treat one or two more before I unveil how we can work together in 2013.

I AM IN A MESS, HELP!

•At the moment, I should say I am in a deep mess. Few years back, I was persuaded to invest about N7.5 million with one of the wonder banks. It was a borrowed money .The “wonder bank” consistently gave me 10 per cent interest on my deposit every month but all of a sudden, the interest payment stopped and ultimately both the principal and even the bank disappeared! I want to believe that the money is gone for good.

My stockbroker also persuaded me some time in the past  to invest heavily in the stock market. I put in about N20 million including the loan I took. The stock broker kept assuring me that all was well and that I could make 100 per cent within six to eight months. Today that investment is less than N1.5 million naira!  And I cannot even dispose of the shares.

The banks are on my neck to recover their money and they are making arrangements to sell the property I used to stand as security not minding the fact that the bank also contributed to my ordeal because they conned me to take the loan. Let me be frank with you, I have lost confidence in everybody —stockbrokers, banks, journalists. Everybody. They have all failed me. Sometimes I feel I may have to rely on prophetic utterances from my pastor who had in the past made some correct predictions. What do you think about all this?

Let us deal first with the issue of reliance on prophetic utterances. I need to say that it is a tricky one and would suggest that  you handle this with care. I am by no means suggesting that you should ignore what your pastor tells you but I would suggest you also combine this with getting qualitative information. I am certain about this: God wants us to reason things out by ourselves. Let us assume that you had a revelation through your pastor perhaps that you should invest in the stock of a particular company, one would expect that you would carry out some basic investigations about the company that issues the shares. You would need to find out who the owners are.

You would need to confirm if the people running the business have the relevant skills and competence to manage the company. You would need to collect the company’s annual reports and check its financial conditions. Is the company making profit year in year out? Are its products in high demand? Is the company highly indebted such that the level of interest payment could affect its declared profit? How many other companies are in the same business? You may also need to pay a casual visit to the company to see things for yourself. I don’t think your pastor or God would carry all these investigations out for you. If you go ahead to invest without doing all the necessary home work and you eventually run into trouble on the investment, it won’t be because the prophecy from your pastor was wrong. It would be because you failed to work things out.

I could also sense that you are holding other people responsible for your current financial situation. I would recommend that you brace up and accept personal responsibility for everything that has happened and how you would also get out of it. Someone once said that  the moment you start to blame other people for your current circumstances, you have transferred power to those persons and recovery is far away. When you take personal responsibility for everything that happens to you, power returns to you.

I suggest that you analyse your current situation critically and identify what you did not do correctly. It could be that you did not put in place a personal financial plan. Isolate the options that are within your control and the ones that are outside it.  Make plans to implement options that are practical and visible. You could discover that there are certain things that you currently have that you can sell to offset your debts. You can also discuss with your bank to work out flexible payment plans. You would discover that there are helps if only you ask the right persons the right questions.

Fundamentally, you should stop complaining to people. Just start to sort things out to the best of your knowledge. Help would come when you least expect. Staying on the same spot is not the solution. Take actions, no matter how insignificant they might appear.

•HOW CAN I PICK A TRUSTWORTHY STOCKBROKER?

I have made a lot of money mistakes in the past but going forward, I don’t want to take anything for granted in my investment actions. Could you offer advice on how I can select a trustworthy stock broker?

I am glad you have decided to take personal responsibility for your financial affairs. First you must find out if the stockbroking firm is a registered member of the Nigerian Stock Exchange. This can be confirmed directly from the NSE or in some of the its publications.

Secondly, you should check if the firm has not been indicted by the Securities and Exchange Commission for any wrong doing. This is critical.

Third get to know more about the management of the firm and their business model. A key question to ask is that should the CEO of that company go on vacation, would the office still run? You should begin to worry if you had to talk to the CEO every time you want to make an enquiry about your investment. There should be other competent personnel working with him.

Fourth, you should agree abinitio with the firm the fee. Don’t be too carried away by low fees. Understand the services the firm would provide. Fifth, when you have done all this, pay a personal visit to the office of the stockbroker and feel things yourself. You have to put all your senses to work on this one. Check for how you are greeted when you arrive.  Check for the office interiors. Observe more than you talk at this point. If you do it well, you would know if the stock broking firm is the right one for your money.

How do I get my children to be wise in money matters? A friend of mine said that getting children exposed to money at an early age could ruin  their future. At what stage should they be exposed to financial information? Do you have some tips? I have two kids, aged 3 and 6 respectively.

The starting point should be to open a savings account for each of them and make a definite commitment to be saving money in the accounts on their behalf every time there is an opportunity to do so. When they celebrate birthdays, money realised should be saved first in bank savings accounts. After some time, you can then begin to invest part of the fund in some investment instruments that can generate better returns than what the banks can offer.

Once the children are of age, you can begin to get them involved in the financial transactions on the accounts. Take them occasionally to see the manager in the branch of the bank you are using. Get them to ask questions no matter how silly such questions may be. I believe very strongly that over time, your  children will be well-adjusted to money matters which they would find useful later in life.

I do not see how exposing them to money matters at the early stage can destroy their future. It depends on what you expose them to really. When someone gives them money, tell them to put it in a piggy bank. Don’t allow them to squeeze money. Teach them other little tips can help to build up their financial intelligence. All this can only help them in future, not destroy them.

Best things always!

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How To Take Control Of Your Life In 2013 (7) http://www.pmnewsnigeria.com/2013/01/28/how-to-take-control-of-your-life-in-2013-7/ http://www.pmnewsnigeria.com/2013/01/28/how-to-take-control-of-your-life-in-2013-7/#comments Mon, 28 Jan 2013 15:04:10 +0000 http://pmnewsnigeria.com/?p=152856 This is the seventh and final piece  in my series on How to Take Control of Your Life in 2013. I am very excited about the level of interest already generated by the previous six articles. A large number of perceptive readers of this column from different parts of the country have  also responded to call for feedback and have requested for my promise to unveil on how we can work together in 2013. All those will come in the bonus part of this series which will start to run from next week. I don’t want you to miss any of the articles in the series. They only make sense when they are read together as a whole. We are on a journey together. Stay tuned as I share the last tip on this series with you.

The one I am about to share with you should actually be the first even though it is trailing the other six tips. Unless you are able to grasp the message in this article, none of the insight you might have gained from the previous articles would make sense. May I suggest that you read it very slowly several times and take time to digest the juice in it?

I had used the greater part of my over two decades of post graduation years chasing the shadow. After graduating from university, my greatest ambition was to work in a media house and progressively get to the top. Once that was achieved , I thought that it would be a complimentary achievement to set up my own newspaper. When that was achieved, I switched my attention to collection of awards. But having collected a few local and international awards, I thought the next logical ambition should be to pursue fame and personal branding.

I was on my meditation couch one morning when the Holy Spirit ministered to me that nothing I would ever achieve, no matter how great and valued, would replace Him in my life. It is only in His presence that there is joy and in his right hands, pleasure forever more. To drive home the point that there would never be a point in the life of any human being where God would not be relevant. At a point in my career and business when I had thought I had it made, He permitted a series of events to happen that literally forced the heavens to close on me. Everywhere I turned to became dead ends, the business relationships I had relied upon for steady flow of cash suddenly fizzled; suddenly I found myself owing staff salaries and was unable to service the debts from our suppliers. Without being told, I had to come to the painful reality: I shut down the business and took time off to seek His face. And this has yielded great dividends. My hope as you read the rest of this article is that you would discover a higher purpose for your life beyond chasing after instruments of pleasure, which in reality only offer temporary happiness

We Are All Stewards of God’s Wealth

My next visit to my mentor’s  place was on a Sunday. Before I got to his house that afternoon as agreed, he had left an instruction that I should meet him in his Wisdom Room (a special room where my mentor meditates and feed his soul). The setting in the Wisdom Room   and my Mentor’s dressing that day surprised me. The room was arranged to look like a church environment with about ten chairs and a wooden structure that looked like a pulpit. My Mentor was dressed in full spiritual regalia. I was wondering what was going on. A few moments later he  walked in,  went straight to the wooden structure with two fairly big diaries in his hand. There were few other people (some of his other protégés) on seat.

There is nothing you have that God did not arrange for you. “Good afternoon everybody.  Today’s topic is special and I have titled it: ‘We are all stewards of God’s Wealth’,” my mentor said as he cleared his throat and started his message.

“First of all, let me say that God wants all his children to prosper. He wants us to be wealthy. Many people have incorrectly interpreted God’s purpose for money. I have heard many people say the love of money is the root of all evil. Nothing can be farther from the truth. God never said that and He couldn’t have said that. God is only warning us not to allow money to be a god to us. He doesn’t want us to go after acquiring money for the sake of it.

“The purpose of accumulating wealth is more important than the wealth. God wants to bless for only one reason: so that we can all be blessings to others. God wants us to glorify Him with our possessions. If we have money and the people around us, our church, our community and our country cannot feel the impact of our money, then, we are not using our wealth to glorify God. We are all stewards of God’s money. We didn’t come to this world with any material possession and surely we are not going to leave with anything”.

“God is the source of good wealth and He is always looking for people He can trust to distribute his wealth. I feel very sad any time I see how Nigerians rush to accumulate wealth solely for the purpose of intimidating and oppressing others. That is an ungodly wealth-acquisition mentality. We don’t own anything. All gold belongs to God and when God sees that you use your money persistently for the wrong reasons, he will organise a way of escape for the money. Remember I told you that money is a spiritual thing, it has wings and can fly away from you”.

“Look around you, don’t you see individuals who were stupendously rich some years ago, but can hardly make ends meet today? You can acquire billions of dollars if you like. But if you don’t use the wealth correctly, everything will vanish. A single sickness can clear all your life savings in a few weeks”.

Wealth shared expands speedily.

“When you wake up every morning, always ask yourself one question: In what way can I glorify God with my wealth today? Which human being can I assist with God’s blessing in my life? That is the only relevant question actually. True wealth really is measured by the number of individuals who can trace their successes to you. It doesn’t matter whether you are a Christian or a Muslim by religion”.

“As you step up your journey towards wealth acquisition, trust absolutely in God, put your finances at His disposal, you will never go wrong and he will not allow you to take stupid decisions. God does not deal with what we say we are going to do with our money. He takes interest in what we actually do with it and He will surely bless or curse our efforts according to what we do with our wealth”.

“God doesn’t give money back for the money you sowed into His kingdom or into other people’s lives. When you bless God with your material possessions, in return, He gives you divine ideas. One divine idea correctly pursued and executed can give you a life-time income. It can cause blessings to flow in your direction permanently”.

God sees what we cannot see.

“Let me also share this with you: God is a master investment strategist. Your professional money management skills can fail you. You may take wrong investment decisions, but with God guiding you, you can never go wrong”.

“When we place hope on physical things, we are bound to face disappointments and disillusionment. But when our gaze and attention are on the Higher Power, the creative force that shapes the affairs of man, we experience continuous flow of joy, satisfaction and pleasures that cannot be described by words”.

So what are you chasing?  It would be tragic for you to get to the end of your life only to discover that you have been trying to hold the wind all the while-it is an exercise in futility. You can retrace your step today and focus on the richness of His Glory”.

“Enough for today,” my Mentor said and stopped abruptly. Moving in measured steps to my seat he gently tapped me and said: “You are in the right direction, don’t falter and God will always bless your efforts.” I was moved by the sobering sermon. I thanked him and bade him goodbye, still reflecting on the import of his message.

Yours in search of lasting wealth

NUGGET

• Take a look at the way you do things and ask this question: what is at the center: pursuit of money or pursuit of God? Recalibrate everything and start all over again, correctly.

• Watch out for my next article (an addendum to the series) titled: The Most Important Advice You Would Ever Get From Me

• All is well with you.

PS: I will round off this series next week. I want to unveil how both of us can work together profitably in 2013. Don’t miss it for anything!  Review all the past six articles and take all the necessary actions as recommended.

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How To Make Your Life Count In 2013 (6) http://www.pmnewsnigeria.com/2013/01/21/how-to-make-your-life-count-in-2013-6/ http://www.pmnewsnigeria.com/2013/01/21/how-to-make-your-life-count-in-2013-6/#comments Mon, 21 Jan 2013 14:51:32 +0000 http://pmnewsnigeria.com/?p=152392 By Ayo Arowolo

This is the sixth in my series on How to Make Your Life Count in 2013. I have tried to share some of the secrets my mentors shared with me that have produced outstanding results in my life. The reason I am passing them on to you is that I am persuaded that if you can diligently apply them (this is where many people fail) as instructed you would also reap good dividends. The one I am sharing with you in this edition has produced the most outstanding and lasting result in my life. This is why I am suggesting that you read every bit of it with rapt attention.

I am very excited about the level of interest already generated by the previous five articles. A large number of perceptive readers of this column have gone ahead to download the resource I offered to them (My Best Kept Secret). We are on a journey together. Don’t miss any of the seven steps.

A day after I met with my mentor I had to travel to London for a quick business transaction. Coincidentally, he was also in London on a short visit. We decided to meet in his private apartment when he learnt I was in London.

After we had exchanged pleasantries, my mentor inquired about the books  he asked that I read: The Secrets of the Greatest Man who Ever Lived by Mike Murdock and The Science of Getting Rich by Wallace Wattles (I have a  free copy each for those who have downloaded “My Best Kept Secrets” and followed the instructions given there). I shared my notes with him and he was impressed.

My mentor now started off: “Well, that is great. But my concern now is how do you implement what you read in the books and the lessons I have been sharing with you? Reading alone cannot transform you; it is by putting what you read or learnt into practice that can move you from where you are to where you desire to be. Let me give you a powerful secret on this: take one week off and go on a personal retreat to reflect on what I have shared with you and how you would make them real in your life”.

“My friend, what I have shared with you so far is enough to transform your financial status if you can put them into practice without further delay. My advice is that you take some time out and separate yourself to work out the steps. All the successful people I have either met or read about take this aspect very seriously. A retreat is a platform during which the intellectual and the spiritual aspects of your quest for wealth fuse. Bill Gates, one of the world’s richest men, goes to one of the oriental countries once in a year for a separation session, to receive fresh instructions and flow of ideas from Divine Intelligence. Our Lord Jesus Christ had to go into the wilderness for 40 days to receive instructions for his earthly mission. Without the inspiration that flowed into Him during this period, it would have been difficult to make much impact.

So, a retreat is vital if you want to achieve the steps I have articulated in my discussions with you so far. The main goal of a planned, prolonged quiet time is to enable you to recharge your system for better performance thereafter. This is the rationale. When you truly work, you continuously give out of yourself. A retreat is a way of drawing back into you life’s spiritual force. Working continuously without regular retreat is an open invitation to multiple crises. But unfortunately for most of us, our days are full of activities without quality progress. We wake up very early in the morning, jump on the road, chat idly with friends, bury ourselves in activities and eventually retire in the night, too tired to plan for the next day, for the next week, for the next month and for the next year. No time for relaxation. No time to play with family. And unfortunately, we are also too busy to hear from God. This is where the seed of crisis is usually sown.”

“Let me be frank with you. There is no one who wants to amount to anything in life that would not face crises at one stage in their lives. The problems are not the problems as one author put it, the issue is how do you develop the capacity to negotiate your way out of crises when they come. Problems and challenges are thrown at us in life as training platforms to move us to the next level. It is like a driver on a journey; you will face all manners of obstacles: potholes; holdups; fuel problems and etc. But you don’t stop your journey because of temporary setbacks. All you need to do is to figure out how to walk around, above, below, through or over the obstacles on the road. Unfortunately, most people settle down with the obstacles they encounter on the way and lose sight of their destinations. A retreat is one tool you can use to broaden your perspective and sharpen your capacity to tackle complex issues of life. But when you allow the affairs of life to overwhelm you, you have allowed yourself to be trapped by one of the greatest dangers to a life of impact.” He paused and waited for me to fully take in his words. He then offered suggestions on how to plan what he called a transformational retreat.

How to Plan a Strategic Personal Retreat

“First, before you embark on a retreat, determine very clearly what issue or challenge you want to tackle. Don’t take along with you so many issues; otherwise you may not achieve much. Since this is your first time, I suggest you use the retreat to develop a personal plan for yourself. Use the period to work out how you will achieve all the dreams and goals you have extracted from the lessons I have shared with you so far. Use the occasion to reflect on your personal purpose and mission on this planet earth. The issue at stake is beyond money. As Bishop David Oyedepo once said: “If you make prosperity your main goal, you are likely to end in abject poverty but when you make posterity your focus, you are then set for breakthrough in all areas of your life, prosperity inclusive.” A good retreat allows you to take some tough decisions. If you discover, for instance, that you have been in a wrong career or in a wrong business you may need to change career or business quickly after such session. In developing your personal mission, you may consider using the following theme questions: What are my dreams? What is my area of assignment? What would I like to achieve if money is not going to be a problem? What resources do I have to achieve my dreams? Who do I know that can work with me to achieve my dreams? What skills do I need to develop to achieve my dreams? What are the likely obstacles that may stand in the way? What are the milestones that would remind me if I am moving towards achieving my dreams? What are the motivations for striving to achieve my dreams? What are my strategies for achieving the goals I have set for myself? Ask other probing questions. Answers to these questions may lead you to develop a good draft that can be worked eventually into a plan.”

My mentor paused for a while before asking: “Is it something you can do soon?” When I answered in the affirmative, he then said: “See me for the concluding part of this lesson when you are back from your retreat. All is well with you”. I left my mentor’s place shortly after that.

NUGGETS

•Plan to go on a personal retreat of between one weekend and one week

•Order your own copy of my new work: “Unleashing Your Personal Powers” (where two multimillionaires shared their experiences of how they used retreats to turn around their lives and businesses)

PS: I will round off this series next week. I want to unveil how both of us can work together profitably in 2013. Don’t miss it for anything!  Review all the past six articles and take all the necessary actions as recommended.

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*delet@gmail.com*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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How To Take Control Of Your Life In 2013 (5) http://www.pmnewsnigeria.com/2013/01/14/how-to-take-control-of-your-life-in-2013-5/ http://www.pmnewsnigeria.com/2013/01/14/how-to-take-control-of-your-life-in-2013-5/#comments Mon, 14 Jan 2013 13:16:28 +0000 http://pmnewsnigeria.com/?p=151769 This is the fifth in my series on How to Make Your Life Count in 2012. I am very excited about the level of interest already generated by the previous  four articles. A  large number of perceptive readers of this column have gone ahead to download the resource I offered to them (My Best Kept Secret). We are on a journey together . Don’t miss any of the steps.

As I am writing this message, I am filled with gratitude to my first financial coach for introducing me to the value of reading books. In my study, where I am writing you this article, I am surrounded by thousands of books most of which I have studied over and over again in these past few years. It was one of  my mentors who introduced me to authors such as Robert Allen, Robert Kiyosaki, Ewen Chia, Janet Switzer, Dan Kennedy, Bob Bly and many more great authors I will get to share with you later.

What has made my encounters with my coach valuable is that the books he recommended were the ones he had used himself. So I have always been buying books that solve specific problems in my life. Mind you, I had been buying and reading books before I met him but what changed the pattern of things was that I now started to buy books on purpose and for immediate application.

I was with him one morning and decided to engage him on an issue that had always bogged my mind: I was concerned that I was just buying books and I could not see the impact on my life. In one of my visits, my coach asked me a series of questions: “Are you satisfied with your life? Which aspect are you not satisfied with? Who do you see around that has made progress on those areas of dissatisfaction? Which books have you located that have solutions to those problems? Who have read the books with good results?” He kept on asking but I was just looking at him because I never pondered on any of those questions while buying the books.

I was totally taken unawares by his approach. Shortly after exchanging pleasantries and having directed my attention to the new quotation on the board, he threw a series of questions at me on the books I claimed to have read. “What did you learn? What excited you most? How have you applied the lessons you learnt? He just kept bombarding me with questions. But I believed he was satisfied with my responses as he proceeded to share the lesson for the day with me.

By the way the scripture he put on the board: “Bring the cloak I left with Carpus at Troas when you come-and the books, especially the parchments(notes)” was an instruction by Paul in the Christian Bible (2 Timothy 4:13) to his protégé, Timothy.

My mentor started off: “I have a very interesting topic to share with you today which I have titled: Treat Your Mind as Your Most Important Asset. “Your mind is the only thing that I consider indispensable in your quest for wealth. As one author puts it: “Monuments can fall, properties can be destroyed, cars can be stolen, businesses can go bankrupt, beauty can fade, but once your mind is intact and sound, you have everything it takes to make money. Mental excellence is permanent.”

“I am amazed by what we attach value to in this part of the world. Let me illustrate this with a personal experience. Some years back, some heavily armed men invaded my house and ransacked everywhere. They carted away everything in sight –televisions, cars, jewellery, money and any other thing they fancied. They went to my study and took all the fanciful things there. They even carried away my reading lamp! You know what? They left all my books intact. How stupid! To me, my books are my most prized possessions. I would have been greatly upset if they had stolen my books and left my other possessions”.

“But today, every single item they stole has been replaced. Informed millionaires spend a large part of their time reading and analysing good books because they know that books are the best sources of insights and creative money ideas. Read, read, and read everything in sight, you will find it useful one day. I am amazed when I hear some people say they over-read. There is nothing like that. You cannot over-read! Do you know that this wonderful machine called brain has  billion of  cells? I have not come across any computer that can perform the task a brain can perform. Your brain is elastic. Just like you go to the gym to exercise your muscle, insightful reading helps to stretch your brain and renew your mind. Try to meditate on what the Bible says: “I am fearfully and wonderfully made.”

“I believe very sincerely that anybody can become whatever he wants to become by insightful learning. As one author  said, “reading is the solution to racial prejudice”. I agree with that view absolutely. Even if you come from a poor background, once you have superior insights into a problem, people must listen to you. This is guaranteed.”

You cannot be wealthy beyond your level of mental illumination. “The mystery about good wealth is that you can only have it in proportion to the level of development that has taken place inside. In wealth acquisition, you can’t travel faster outside than the speed of your race inside. God knows that if you get wealth that is more than your mental and intellectual capacity, you are going to mess everything up. A fool and his money would soon be parted. If you want to acquire lasting riches, work on your inside. Read the books millionaires and billionaires have written, listen to audio and video cassettes they have put together, attend seminars and workshops on personal financial management and investment.

By doing this, you are investing in your most important asset, that is, your mind. I see people walk into restaurants and spend up to N3,000 on a meal. Six hours later, everything is out of their system. Amazingly, these same people are not willing to invest N2,000 on good books that can change their lives forever. My advice to you as I close this lesson is: Do everything possible to read at least one book per week or at worst one per month and cut off from friends who are averse to reading. If you must starve to read, do so. If you must let go momentary pleasure to read, do so. If you must withdraw from your savings to buy good books, please do so. You can’t be an insightful reader and not stand out from the crowd. Besides, a life of abundance is just around the corner if you persist in reading. “Enough for today,” my mentor said as he brought the discussion to a close.

My encounter with him that day changed my attitude towards reading. He  shared some tips with me which I have since turned into an ebook titled: “How To Get the Best From That Book”  (This is one of the documents you will get FREE once you have downloaded My Best Kept Secret  and followed the instructions there). My coach advised that I should never buy books that are not recommended by someone I respect who has read the same book. Every time I go to his house, I always ask for the current books he is reading which he willingly shares with me.

I am excited that in the course of our journey together on this series I will be sharing some of these life changing books with you .With a good coach, everything is possible!

NUGGETs

•Make a fresh commitment to read at least one book once a month.

•Set aside a percentage of your monthly income ( I recommend between 5% and 10%) and channel it strictly for  workshops and seminars ( on recommendation pls)  relevant to your plans and to buy books.

•Make another commitment to implement whatever you learnt.

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*delet@gmail.com*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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