Eight Hindrances to Becoming Wealthy


As the year gradually comes to a close, I came across this post. It speaks to those who haven’t set goals and who allow the waves of circumstances and problems to determine their financial future. The importance of goal setting (especially a Financial goal) cannot be over-emphasized.

The fact remains that when you set the sails God will send the wind. Here are a few things you need to deal with if you must achieve your set financial goals before the end of this year:

  • Mindset: The greatest hindrance to prosperity is believing that only some people can be wealthy. People that are not wealthy must first buy into the error that poverty is default. How so wrong!
  • Financial Knowledge: What you don’t know can kill you, ignorance is darkness. A man who is ignorant of his ignorance has achieved the minimum qualification required in the college of fools. Seek financial intelligence, read books, get a coach because everybody needs one and commit yourself to daily learning.
  • Poor management of expenses: Inability to manage your expense will lead to poverty. About 90% of the world’s population spend more than they earn and that keeps them on the RAT RACE. If you spend more than you earn you’re simply borrowing from your future to spend now. Learn to live on not more than 50% of your income, most wealthy people live on 35%.
  • Lack of Reserves: Lack of savings and investment culture will not give room to wealth. Learn to pay yourself from every income you make, put it away in an escrow account so you can invest in assets that will put money back into your pocket.
  • Lack of Passion: Lack of passion and dedication to your goals will also rub you of wealth or God-ordained riches.
  • Lack of a Mentor: Everybody needs a coach to guide his/her journey to financial freedom. Seek for an experienced and willing mentor.
  • Your Network: I say to people your network determines your net worth.  Lack of right association can severely limit your possibilities for gaining wealth.
  • Average Mentality: An average or mediocre spirit cannot control great wealth. There is no room for average plans here.

I believe if you can diligently apply all stated above your life will take a new turn.

Culled from http://charlesezeh.me/2013/07/05/eight-hindrances-to-becoming-wealthy/

A. M. D. G.


10 Funny Ways to Remain Poor


Some people (like I used to believe when I was a kid) wish for riches but would not do what it takes to get rich. These words keep echoing to my head every time I am at crossroads with life decisions – “If it has to be, it is up to me” (If I want to get rich, I must work hard to become rich). I cannot recall where I saw this post but I know I copied it from somewhere (possibly a friend’s facebook post or blog, I still cannot recall). It is worth sharing because it tells me not to be lazy or carefree with my resources. Enjoy it and learn along the line.

1. Never wake up early.

Keep stretching & turning in bed until you get too hungry to continue dozing. If there are no bedbugs, why hurry to get up?

2. Never plan how to spend your money.

Whenever you get money, start spending it right away and when it’s finished, you try to count and recall how you spent it.

3. Don’t think of saving until you have real big money.

How can you save when you earn so little?? Those telling you to save are not sympathetic to your burning needs.

4. Don’t engage in activities usually reserved for the “uneducated“.

How can you a [well school, high-class] graduate engage in petty trade or home based production?? That’s for people who never went to school.

5. Don’t think of starting a business until an angel comes from heaven & give YOU capital.

How do they expect YOU to invest before YOU get millions of dollars?? Even though more than half the businesses in your town were started with a few hundred dollar, you as a smart person can only start with millions.

6. Complain about everything expect your own attitude.

Blame the system the government & the banks that refuse to lend you money. They are all bad & do not want you to get rich.

7. Spend more than you earn.

To achieve this, buy consumer product on credit & keep borrowing from friends & employers.

8. Compete in dressing.

Make sure you wear the latest clothes among all workers in your offer. Whenever your neighbor buys a new phone, you get one that is more expensive.

9. Get yourself a nice second hand car that costs more than three times your gross monthly pay.

10. Give your children everything they ask for since you’re such a loving parent.

They should not struggle for anything because you do not want them to suffer that
way, they will grow up lazy & hence poor enough to ensure they can’t help you in old age.

Chase poverty away, embrace riches…


What’s the secret?

I just read this and was rejuvenated to teach everyone this simple “secrets” to become wealthy. They are really that simple.

Gbonjubola Sanni


Many times we want to achieve so many things and we want to know that secret or magic word that can turn our situations around. I haven’t read very many books or listened to many people yet but I can categorically say there’s no secret anywhere. I’m sure you’ll wonder why I will say that.

I just listened to another DVD I have, in which Jim Rohn, a renowned motivational speaker who has mentored so many, took time to explain how to succeed and become financially free to teenagers. According to him, he learnt 3 things from his mentor that changed his own life situation for the best. When I finished listening I was like, “Is that all? I couldn’t believe my ears. One would have thought it will be full of strategies, principles and theories. See a summary of what he said below:

  1. The economy or any external factor is…

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Make a Millionaire out of your child

Every parent who wants to pass a good legacy to their child(ren) should read this. It is a good way to “cultivate” your child :).

Gbonjubola Sanni


As a child, I always wondered what I could do that would make me a millionaire. I really wanted to be rich and I mean very rich. This is one of the reasons why I care about the financial well being of kids so much. I am sure many kids want to get it right as early as possible. One thing I am certain of is that if they are able to get it right early enough they will be able to achieve whatever they want to achieve as soon as possible. How then can you work towards making your child become rich? Here are some tips:

  • Don’t allow your child to take on degree after degree all because of money. More schooling is not a guarantee for a higher salary; neither is it a factor of how expensive the school is. What is actually required is more alignment with…

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Financial Future Self Assessment


Its a new month of August and July went by faster than I expected. As seconds tick into minute and minutes clock into hour, hours becomes day and days become months…the year comes crawling (and for some hastily) to an end. One who has (not) set a goal at the beginning of the year should by now be measuring 58% (i.e 7/12) of his goals (not) achieved. Its pretty exciting when one’s eyes are set on a clearly set goal.

I ran across a post by my mentor (@DeoluAkinyemi) and it translates to me as one of (Dr. Stephen Covey) Seven Habits of Highly Effective People“Begin with the End in Mind”.

Its a test of one’s financial future. How prepared are you to face your financial future? I’d like to hear from you (drop your comments).

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Use this test to assess yourself. Once you score yourself, you’ll be able to get the interpretations of the answers below. I have also added information showing what you can do once you know your result.

Self Assessment.

1. At the rate at which you are going, using what you have as savings and real assets as a basis, in how many years would you be able to raise 600m?

1)  0-5yrs 2)  20yrs 3)  Over 30yrs  4) None of these represents my answer.

Guide: Don’t deceive yourself. If you have saved N1,000,000 and have worked for 5yr, it will take you another 500years plus to get to 600m. It can be faster, but it’s safe to be modest. We can all get it quickly by a special stroke of favour or luck, don’t count on that.

2. How many Streams of income do you earn?
1) Over 5 Streams 2) 2  Streams 3) 1 Stream. 4) No Income Stream.

Guide: The number of streams of income you earn mean the different sources of income you have. Do you have a job?, do you run a business by the side?, do you have Real Estate? e.t.c.

3. Which of these resources do you leverage to make more money?

1) People force of over 500 2) People force of over 10 people 3) I exchange my time for money. 4) None of the above.

Guide: Some people earn by converting their time to money in a Job or as Entrepreneurs, some earn more money from putting a lot of money to work, usually over $300,000 and some have an organisation that has up to 500 committed staff working to achieve their set objectives.

4. Which of these terms describe best how you earn income?

1) Passive Income, no activity. 2) Mostly Active Income, but some passive income from rentals, shares, businesses etc. (Don’t count if less than $200 a month). 3) Active income  4) I’m dependent on someone else.

Guide: Passive income is income you earn residually without any present sweat or time. Active income is income that is a direct result of your use of your energy or your time.

Add your answers together and get your total scores. Then check your answers below. Try to be honest with yourself, if you are honest, then recovery is possible, if you are not, your current future can’t be helped.

Scores and their meanings.

Scores less than 5 – This means you are doing well and need no help, at this stage, you should be involved in helping others.

Scores between 6-8 – This means you need a coach, fast, you have potentials of making it. Before you choose a coach, ensure they model your future in more than one way. Ensure their finances and one or two areas of their lives align with your future. There is no point getting help for cancer only to end up getting AIDS.

Scores from 9 and above? This signals DANGER! You need urgent attention and must be willing to shut up listen and take action. Don’t got to your mentor with terms and conditions, whatever you are asked to do, so far it’s ethical and legitimate, do it. Learn for follow a system.

Solutions I am proffering

Scores less than 5 – I will like you to join me in a mentorship and coaching system, that allows us to help 1,000,000 families end up differently. If you have achieved success and progress by duplicable means, please reach out to me, we can do this together. If you however achieved success by a stroke of luck or unexplainable favour, no problem, it means you can’t tell us anything to follow as you didn’t follow anything yourself.

Scores between 6-8 – You need support, you need a system you can follow. Be rest assured that I can lead anybody to a place I have been before, and all that is required from anyone wanting to follow is not to re-invent my mistakes, but simply to follow in good faith, that by following they will get to the same destination. I’m putting together a system of mentorship that ensures that those I have taught can teach those who are just coming behind. The motivating phrase for our objective is love, and it doesn’t matter if your coach is younger or older than you, what matters is they are committed to your development and growth, and since it’s a system that allows me to watch a few people’s back, while they pay it forward to watch other people’s backs, we’ll all still be together.

Scores above 9 – You need to be rescued. No DEBATE. If you continue at this pace, you will find time ticking and your life advancing in the wrong direction. You need to STOP, humble yourself and submit yourself. Many of us like to get to the kings palace without getting through the servants quarters. What you need to do is schedule an appointment with me urgently, I can give you some small books to read, and the appointments can be set based on when you finish reading. Based on my ability and your readiness, we will meet and I’ll assign you a sponsor – someone who will be held accountable for your progress. If you are interested in enrolling for this process, you need to send me your email so I can send you a mail and get you the materials to read.

Whichever number you fall into however, you need to take a snapshot of your current financial position, I have a workbook that helps with that process. Knowing where you are, helps you know where next you need to be. Have no doubt as well, that we can all get from where we currently are, to anywhere in this world we’ll like to be.

Here is my little attempt to help in an area I know I can, and in my little way. I hope this makes all the difference in the world to someone’s financial future.

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A. M. D. G