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1. Morning All! I am going to do a thread on my favourite topic-you guessed right "poverty" but this time it is not on the value in eating other foods and not insisting on "rice". 🤣🤣🤣🤣. For this thread I am returning to my name Arinola so all those turncoats may know it is me
2. I am going to talk about Personal Financial Planning this morning & let those who can still change their lifestyles see if there is merit in what I advocate. So here goes:
3. I attended a Personal Financial Planning One-day course sometime between 1998 - 2000 (not sure of exact date unless I look for the certificate). It was a course organised by Akpe (not too sure name is right), a perfect gentleman who refused to allow disability to hold him back
4. It was my my Eureka moment to financial intelligence. Some key lessons I learnt during the training:
1. Financial wealth means earning more than you spend.
2. Wealth creation happens when you increase your income, decrease your expenses & do both simultaneously.
3. Wealth can & should come in many streams of income.
4. If you want to be rich, follow a course of buying assets & not liabilities.
5. An asset is something that returns some measure of profit/dividend/ROI from itself while a liability is that which you buy but....
it continually takes away money from your pocket.
5. From the minute I finished the course, I began faithfully to practice the tenets of wealth creation. The first thing was in making financial goals for my self & family. I made happiness goals (matrimonial, children, personal)
I made also satisfaction goals, friendship goals, personal development goals, relationship goals and any other goal I could think of. I also earnestly began to build an investment portfolio. Small bits of shares here & there, savings-compulsory, no matter how small.
6. I simply embraced the discipline of putting away money & not acting like a “wonbiliki wobia” or an “apa” (profligate, prodigal) who ate up both capital & profit at one sitting.
7. I knew that streams of income were going to be better than just one stream, so I began to look into my abilities & talents. I can sing, I can write, I love entrepreneurship, I am not a Marketing/Sales person. I just don’t do well in it. Here are a list of things I have done:
8. I have been a big time farmer before. I once had a large piggery & was supplying UAC at their Maya/Lanlate farms in from so decade ago. The farm was at the NDE Graduate Farmers CAMS in Oke-Aro, Lagos/Ogun State border.
9. I sold the farm to conquer new interests, but I am still a farmer doing other types of it. I have had 2 to 3 successful attempts at Fashion before it became too small an interest. In the process of fashion enterprising I met & used to supply Mrs Alakija (yes the oil magnate).
10. She was then running Supreme Stitches -Life happens. She became bigger & better than before. Mind you, this woman was a hardworking entrepreneur even then when I knew her & quite astute & pleasant. To me, opportunity will find the hardworking & hard work will find opportunity
11. Through farming, I met many “heavies”, some of whom I even helped to start their farming journey along the Lekki-Epe axis. I was known as "lawyer" at the farming settlement. Guess what, I beat the known farmers at pig-farming cause I always found better way to doing things.
12. All along this journey, I never ever stopped practising law & was always looking to one personal development course or the other. I also never ever stopped reading to improve knowledge and skills. It was also during all these that I wrote many other books. I wrote 3 children
13. story books on the farm. The storyline was inspired by "High Jumper" one of the boars on my pig farm. The book is online somewhere and titled "High Jumper Tells a bedtime story" It has not sold much, but who cares. The joy sometimes is in doing & feeling good about yourself.
14. So to conclude this thread. I am saying to all those who feel like listening. Poverty does not go if you have pride and think only one line of opportunity is what you will pursue. No. You must be that Jack of all trades who is a MASTER OF ALL. The olden day Jack is dead...
15. I even attended Jack's burial (🤣🤣🤣🤣). That old Jack did not have all the tools we have now to multitask. Be the contemporary Jack. Try different things. Don't despise jobs & be flexible. If you read, philosophy, try to apply it to life. Life is an adventure, embark on it
16. Don't be stuck in a rut. Don't sit moping. If you are jobless, find a place to volunteer. No one will use you freely, they will feel bad & start paying you a stipend. If you don't volunteer, you won't get the stipend. Learn a skill as this opens the gate to self-employment.
Have a good day all and remember: "You can’t outwit fate by standing on the sidelines placing little side bets about the outcome of life… if you don’t play you can’t win." – Judith McNaught. God bless. Amen.
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