COMMON MONEY MISTAKES
*Money Mistake 1:*
Never borrow money that accrues interest to start a business (except if you are paying for it through your salary); only borrow to grow your business. This is because business takes a long time to gain ground and begin making profit, yet most loans repayments have to be made within a month of taking the loan or even earlier. Therefore, never borrow money to start a business expecting that the business will generate income to pay back the borrowed money plus the interest.
*Money Mistake 2:*
Never spend money you haven’t received. Don’t even promise someone money based on a promise you have from someone else. If someone tells you: “Ezra, come to my office tomorrow at 9am and pick N3,000″don’t go out to buy items on credit based on this promise, with the hope that you will pay off your creditor when the promised money comes; it may not come as promised and this will leave you in problems with your creditors.
*Money Mistakes 3:*
If you want to save, whenever you receive money, don’t start spending hoping that you’ll save what remains. Normally what remains is zero because as long as money to spend is available, the numerous things you can spend it on are also available. And things to spend on even incite their ‘relatives’ so that you spend even more than you had planned. When money to spend is not available, we naturally find a way of doing without it. That’s why I’ve learnt to save in an INVESTMENT ACCOUNT. Once I send money there I assume I no longer have it. Before you spend any money, put your savings aside then spend what is left after saving.
*Money Mistake 4:*
When you get an opportunity to meet a very wealthy person, never ask for money. Ask for ideas on how to make money. They may even choose to give you money on their own after seeing that your ideas are great, but let getting money from them never be your objective.
*Money Mistake 5:*
Keeping your seed instead of planting it. Many people stop at saving. It’s very, very difficult to save and have all you need to maintain your lifestyle especially after retirement. When you save, your savings are seed; plant it. When you just keep the seed (saving money) some seeds begin to die (eaten by inflation and the like). That’s why I recommend that you read about the different types of investment vehicles you can use to grow your savings. I am not necessarily talking about putting the money in a business, because you can easily lose money in business. I am talking about putting it in an investment.
*Money Mistake 6:*
Never lend someone money you are not willing to lose. By the time you lend someone money, be contented in your heart that should the person fail to pay, you will not die. You should not even lose that person’s friendship if they fail to repay the money you lent them. If you feel the person might fail to pay you and this will not affect your relationship with them, then lend them money. If their failure to pay would make you hate this person’s entire clan, please advise the person to go to the bank.
*Money Mistake 7:*
Never append your signature to guarantee someone on a financial matter if you are not willing or able to pay the money on their behalf. Do I have to explain that one? No, it’s self-explanatory.
*Money Mistake 8:*
Avoid keeping money you don’t intend to use in the short-term within easy reach. For instance, don’t walk with N10,000 in your pocket when all you plan to do in a day costs N2,000. Like I mentioned in Money Mistake 3, there are always expenses available to gobble any money that is within reach, so if you don’t want to lose it, put it away in a safe place.
*Money Mistake 9:*
Avoid keeping money in inappropriate places e.g. in socks, under the pillow, in a pit, in the sitting room, in the bra, in a travel bag that you will place somewhere in a bus … impulse buying is a devil that will keep you busy!
*Money Mistake 10:*
Spending money on an item that you can do without (at least for the time being). These days when I pick money from my pocket or wallet, before paying for something I ask myself: What would happen if I didn’t buy this? If I find I can live with the consequences of not having that thing, I smile and walk away.
*Money Mistake 11:*
Paying an amount for something that’s not the minimum you can get that same value for. In other words, if you are at Spar and you pay N15,000 for a shoe that you can get at N3,000 at Rumuokoro, that’s a money mistake except for those who have achieved financial freedom.
*Money Mistake 12:*
Wanting to be the savior of the world by helping everyone in financial need. My sister, my brother, you are not Jesus. If you find it so hard to say no to a financial demand, you may think you are practising generosity when in actual sense you are committing (financial) suicide. We are not learning to be miserable here; we are learning to live within the boundaries of reality.
*Money Mistake 13:*
Consistently spending all you earn or more than you earn. It’s like having a drum where you have an inlet that’s smaller than the outlet. It will never get full. And should the inlet ever reduce significantly the drum will run dry. If you do it the other way round and the inlet is bigger, it will get full and even overflow. Hence, we have to always ensure we are widening the inlet while narrowing the outlet – all the time. Your side hustle comes in handy!
*Money Mistake 14:*
Thinking about short-term only and forgetting about long-term or thinking about the long-term and forgetting about the short-term. For instance, Lydia was told that there’s money in land. She saved money over a long period of time and bought 30 acres of land. Now she has the land but she is always broke. She is always complaining. She’s disgruntled and she doesn’t seem to see herself earning from the land in the near future. Now, let’s ask ourselves: Having 30 acres of land and no money to feed your family or take a child to hospital, is that wealth or poverty? I think Lydia only looked at long-term needs and forgot that she has short-term needs that require money. What of those who find they are one paycheck away from salary? Are they thinking about the long-term needs?
Let’s take stock of our finances. How many mistakes are you guilty of?
Do you now feel better-equipped to do better with these tips? Enjoy your financial journey
Share this knowledge with your family and friends.
*ELEVEN POWERFUL LESSONS TO LEARN FROM THE HEN*
1. She first lays enough eggs before sitting on them
*- GOOD PLANNING.*
2. When she starts sitting on her eggs, she minimizes movements
3. She physically loses weight while sitting on her eggs due to decreased feeding
*- SACRIFICE AND SELF DENIAL.*
4. She can sit on eggs for another hen *- INDISCRIMINATION AND GENEROSITY.*
5. She sits on her eggs for twenty one (21) days, patiently waiting, even if they do not hatch, she will lay eggs again
*- FAITH, HOPE AND NOT DISCOURAGED.*
6. She detects unfertilized eggs and rolls them out
*- SENSITIVE AND DISCERNING.*
7. She abandons the rotten eggs and starts caring for the hatched chicks even if it is only one
*- WISDOM, CONSCIOUSNESS, AND REALISTIC.*
8. No one touches her chicks
*- PROTECTIVE AND LOVE.*
9. She gathers all her chicks together
*- UNITY OF PURPOSE.*
10. She cannot abandon her chicks before they mature
11. She always be at the front of her chicks.
“Never Give Up in Sharing Good Messages & God bless you!!
INDEPENDENCE DAY MUSING
WISHING NIGERIANS BETTER INDEPENDENCE DAY CELEBRATION
Again we shall be entertained to the ritual of lengthy Independence Day speech, whose theme hasn’t changed in the past decades. The problems highlighted in the 80s speeches are still very much with us today, despite all the hope lifting messages therein.
Our fathers wrote about these rots, here we are writing about it, would our children write about same?
Sir Abubakar Tafawa Balewa wrote in his Independence Day Speech
“…I feel sure that history will show that the building of our nation proceeded at the wisest pace: it has been thorough, and Nigeria now stands well-built upon firm foundations.”
Five decades after, can we beat our chest that Nigeria sits on firm foundations?
Reading through the maiden independence speech, I saw fulfilment, excitement and hope. Not in their weirdest dream would our founding fathers have dreamt of an independence day when it is more appropriate for us to grieve than celebrate. Our compatriots are being massacred in their hundreds; the country is under perpetual siege with no end in sight, disarray in education sector, dwindling economy, and every other sector falling apart. The unity of the union is threatened more than ever.
At 53, Nigeria is far from where it should be, we seem to be moving without motion. By all indices, we are lagging behind our contemporaries, far behind! Gone were the days Nigerians travel to the United Kingdom for education, nowadays Ghana is the destination for our children seeking knowledge, so it is for healthcare. I need not bug you with the old story of how Malaysia got her Palm tree from us and used it in developing her economy. The Lilliputians of Africa are doing great; one wonders what use it is to be Giant with nothing to show.
The appropriate question to ask is how did we get here? But no, we all know that. My challenge to all is how do we leave here? Do we need to meet to renegotiate Nigeria as it is being canvassed in certain quarters?
Though the present is bleak, there is hope for a bright future because as former president Obasanjo rightly put it in the 40th Independence Day speech “all these wrongs are within our power and ability to correct. All we need to do is resolve to put things right! We will of course need God’s guidance and support, but, as is known and believed in all faiths, the Almighty will only help us to change if we ourselves demonstrate the will to do so. We can right the wrongs because we still have the country and the freedom to take our decision…”
I wish you all a better Independence Day celebration, when we shall look back; proud to see the challenges we have triumphed. An Independence day we shall truly be happy to celebrate, when we shall live up to our appellation, Giant of Africa.
Credits: <a>Lawal Qudus Olajide</a>
( Written 4 years Ago )
WHY THE PUSHING!
I went to First Bank e-bank hall few hours ago. As I was about entering the hall, a lady ran ahead of me and pushed me away, so she could quickly join the long queue before I will get to the queue.
I did not say anything, she thought I will queue up behind her, but I was actually not there to withdraw, I came to deposit.
So I walked to the deposit machine and I was the only one there. No single person on the queue. When I finished depositing, I was about leaving the hall, when the lady came from the queue and apologized to me for pushing me away the other time.
With sorry smile on her face, she said: ‘I am sorry for pushing you away, I thought you were coming to the queue’ i just smiled and told her not to bother, that it’s not a big deal.
But since then, the lesson in this story kept coming to my mind, and I felt I should share it for us all to learn from it.
Friends, who are you ‘pushing’ away and trying to outrun in the race of destiny, relationship, business, ministry, career, etc? You think you are going to the same ‘queue’ (destination) unknown to you that, though your path may look alike, your destinations are different!
How many people have had to say ‘sorry’ to those they pushed aside, pushed away or pushed down when they finally realized that the person was not actually going to the ‘withdrawal machine’ they were running to.
Are you reading this and you are pushing people away here and there by slandering them, hindering their progress, blocking their promotion, spoiling their good names either through lies or rumor all in a bid to ‘get there’ before them.
I challenge you today, to take it easy. You might not be going to the same destination.
It might surprise you later that, with all the pushing away you are doing, they may still leave you on the ‘queue’ of destiny and go ahead of you.
Finally, are you reading this and you can feel people in your school, office, ministry, business, etc pushing you away so that they can get ahead of you? Don’t worry, God will use your case to prove to them that, “it is not of him who runs,
He will show you mercy and give you an overtaking speed and those who are pushing you here and there will later come and tell you they are sorry.
Please, push nobody! because you might not be heading to the same ‘machine’ (destination).
1. Never go to bed with your car’s fuel tank empty (No fuel). In case of an emergency, what if your good neighbour isn’t at home.
2. Never employ a nanny you don’t know her home. Some of them are child traffickers in disguise.
3. Never go to bed with your phone empty (No airtime). Most emergencies happen at night.
4. Do not stand or park your car under high tension cable especially when it is windy.
5. Do not attempt to start your generator with your phone torchlight as the source of light. As this could cause explosion.
6. Do not answer telephone calls in the kitchen when your gas cylinder is turn on.
7. Endeavour to crawl under the smoke if a house is engulfed by smoke, as walking straight could cause suffocation. Smoke mounts up.
8. If by mistake you swallow a fish bone, lick salt, and pull your ears while you cough out the fish bone.
9. If you are in any traffic or ‘hold up’, ‘go- slow’ as in local parlance, if you must remain in your car while it is not in motion, always apply your central lock.
10. Do not leave your children alone in the car with your dog or any pet.
11. Nowadays, never enter a lift alone if you must. So many are already gone through this.
12. Never leave your opened drink to take a call outside. It could be a plan to distract you. Many have been poisoned through this.
13. Never rush out to turn off the tap on hearing its sound in the night. It’s a new robbery trick to wilfully bring you out. Remember, you didn’t leave it running before retiring to bed.
14 Never rush out to re- start your Generator; if it suddenly go off: Robbers has been known to put off the generator of their target; in order to draw them out, so they can gain an easy access without breaking doors or burglaries!
Be security conscious! Don’t be careless!! Share with friends and loved ones if you find it important and educative!!!
Best Moments In a Doctor’s Life.
1. The sound of restarting heartbeats when resuscitating a patient.
2. Closure after a difficult surgery where only the surgeon knows how he / she has saved a life.
3. A perfect surgery / procedure / stenting without complication.
4. Seeing the beautiful cute face of a healthy newborn.
5. Managing a major bleeder successfully.
6. Reversal of paralysis after thrombolysis (clot-buster injection).
7. Termination of Status Epilepticus (non-stop seizures/ convulsions).
8. Control over infection. Every infection is life threatening potentially.
9. Waking up of a comatose patient.
10. The genuine “Thank You” of a patient relieved of pain / stress / illness.
11. When someone random recognizes you in public and thanks you in front of your kids / family.
12. When the poorest of the poor collect enough money and gift you sweets for treating them free.
13. When a patient too educated to believe your truth goes to your professional competitors and many others, and is told the same, so returns to you with a greater faith.
14. When you can answer all questions asked by students after a lecture / clinic (without Herapheri / bluffing).
15. When a student performs well and patient gives a good feedback about them.
16. When you silently prove your clinical argument with good results.
17. When anyone at work says “Take some rest now.. You have been working too much”.
18. Qualifying for a medal/degree/publication of significant repute.
19. When you know that it’s not only the medical skills, but also your passionate involvement, speed and coordination that saved the patient.
20. When traffic police “Let you go” for minor offences just because you are a doctor, especially on the way to an emergency.
21. When someone says “I want to become a Doctor like you”.
There are many more. Every day is filled with both tears and smiles, and the doctor has to balance these by using his/her soul as the fulcrum. At the end of the day, death humbles everyone, but it is the doctor who stands to defend everyone else’s life without thinking if they are good or bad, friend or enemy.
Who will believe that money, home, family, cars, looks, luxury, and even love, romance are secondary joys for most doctors, after they have attended all their patient’s issues?
This pride is precious. The suffering a choice.The rewards immaterial.
A good doctor is the best a human being can be.
Credits: Dr.Adewole Ayodele DrStephen
WORDS OF ELDERS*
“Never fight a man under GRACE, because the GRACE he carries will DISGRACE you!”
“No African girl will choose Six packs over six Cars.. So my sons stop the gym and work hard!”
“Beware of the naked man who offers you clothes!”
“The death of a lion cannot be announced by a goat”.
“When one’s goat get missing, the aroma of a neighbor’s soup get suspicious”.
“The future belongs to the Risk takers, Not the Comfort seekers!”
“The words of the elders do not lock all the doors, they leave the right door open”.
“A deaf husband and a blind wife are always a happy couple!”
“Coca-Cola only sold 25 bottles the first year but kept going. Never give up!”
“Let not what you cannot do tear you from what you can do”.
“A child who asks questions does not become a fool”.
“The first person you think of in the morning, or last person you think of at night, is either the cause of your happiness or your pain!”
“Be careful who you trust! Salt and Sugar are both white!”
“To Make A Difference In Life, You Don’t Have To Be Brilliant, Rich, Beautiful, Or Perfect. You Just Have To Care!”
“Kindness is like butter, it works best when you spread it around!”
“The walls don’t only have ears, they now see!”
“The leopard is beautiful, but has a bad heart!”
“Everybody is a nobody, trying to be somebody!”
“Fake hair, fake nails, fake eye lash, artificial face, and sometimes, fake behavior. Yet, a woman will say she needs a real man!”
“Never open the door for an Armed Robber. Let them break it, its part of their Job!”
“Sometimes, you have to play the role of a fool to fool the fools who thinks they are fooling you!”
“One Man’s food is every other man’s food. Just because one idiot refuses to eat it doesn’t make it poison!”
“If you have a mom, there is nowhere you are likely to go where HER prayer has not already been!”
“The only person that reads the terms & conditions is the one who writes it!”
“The Chief who doesn’t know what to say, says that his friend has said what he would have said!”
“Just because you met them at the church doesn’t mean they’re the ones. Demons go to church too!”
“A foolish man tells a woman to stop talking, but a wise man tells her that her mouth is extremely beautiful, when her lips are closed!”
“No matter how long the night, the day is sure to come!”
“A woman’s greatest perfume is the fragrance of her man’s success!”
“A wise person knows that there is something to be learned from everyone!”
“It requires wisdom to understand wisdom. The music is nothing, if the audience is deaf”!
“No matter how rich you are, you cannot pay for your sins”!
“First they ignore you, then they laugh at you, then they fight you, then you win!”
“Give them a chair, if they can’t stand your Success!”
“Be careful about the rumors you hear about a lady. It either comes from a man, who can’t have her, or a lady who can’t compete with her”!
*“none of us is as smart as all of us. Work together achieve more”* .
God bless you all