Below is an exerpt from my book “Billionaire in Training.” This is a sample of the teachings that I gave at Prairie Meadows on Wednesday, October 24.
So often I meet people who think they’re in business for themselves, and yet by my definition, they’re not. Let me explain. read more
Information: At this first stage being information the entrepreneur needs education in his choice area or interest. “Education” is a broad term that can have many meanings, but it is generally defined as the process of learning and acquiring information.
Entrepreneurship is a system of being self-employ with no breakdown as being condition with the problem, situation or challenges of unemployment in a given system. An entrepreneur is an agent of change.
Elementary principles of economics has taught us that money is a medium of exchange. That money facilitate exchange of goods and services. Money is a legal tender that is used as a medium of exchange. And it comes in various forms; there is paper money and there are coins spent in different parts of the world. So, to get money, you need to exchange something for money. It may be a service or a products or goods. Everybody can identify money (perhaps for infants), and everybody wants money in varying degrees. Unfortunately, not many people know the principles that drives money. Not many people know how to make money. Not many people know how to multiply money. Not many people know the best way to preserve money for the future. All these I will share from time to time on this platform.
In today’s world, many people have many funny understanding of money. Someone said in Yoruba; ‘’Enu Kinihun ni owo wa’’ (Meaning: “Money lies in the mouth of lion’’) So if you believe in this philosophy that money lies in the mouth of lions, then how do you access money that is in the mouth of a lion without being a prey to the lion? People who believe this kind of ‘theology’ believe that getting money is a tall order. Someone also think it is a do-or-die affair. That for anybody to access money you must be ready to kill the ‘lion’ in whose mouth money is lying. What a lie!
The other philosophy people have about money is that you got to struggle or hustle for money. Struggling and hustling do not mean the same with hardwork or diligence. If you know what to do and do it well, money will come if you continue in that stead. It is not struggle or hustling that guarantee money otherwise those who hustle hawking on the street should be richer than others who don’t.
It is also crazy to think that there are people destined to have money. What you think and believe can limit you or uplift you. There is nobody that is destined to be poor. Yes, I know Jesus said;
“For the poor you have with you always…….’’Mathew 26 Vs 11, Mark 14 Vs 7 and John 12 Vs 8.
We often qoute this scripture to justify our resolve to remain poor but you need to know that in the context of the above scripture, Jesus was not talking about money. He was passing a comment to his disciple who rebukked Mary Magdalene who poured expensive fragrance oil on Jesus. I believe what Jesus meant is that those who are poor in understanding you will always have them. To be poor in understanding is to reason spiritual things in money perspective! Assuming he was even talking about money, is it justifiable that you remain poor after Christ had become poor so that you and I might become rich through His poverty?2 Corinthians 8 Vs 9
God created all humans the same though we may have different height, size or skin colour. And he also gave man same amount of time. Everybody all over the world have their own share of 24 hours. If you are interested in making money, what we do with the resources at our disposal will determine how much money we make.
BUT DOES EVERYBODY HAVE THE SAME OPPORTUNITY AT GETTING MONEY?
Everybody have the same opportunity at getting money if you render a service or create a product or goods to exchange for money.
DOES EVERYBODY HAVE THE SAME OPPORTUNITY AT GETTING RICH?
First we need to understand from my personal opinion that having money is not the same as being rich. And being rich is not the same as being wealthy. Though people use ‘rich’ or ‘wealthy’ loosely but both words have deeper meaning than money. Being rich is relative. Being wealthy is relative and both should not be considered only in terms of money. Generally, someone is considered to be rich by what you have in terms of money, influence, asset, etc. For me what I consider as ‘wealthy’ is what you do with what you have! So you get my drift now when I say, being rich is not the same as being wealthy. If you have money, influence, asset etc and you are not impacting lives, you are of all men most miserable because God gave you all those not for your selfish use but for the benefit of others around you.
Another flawed thinking about money that is common amongst our church brethren is the saying that ‘’Money is the root of all evil’’. Hey, if you believe that you believe a lie. That is NOT what the Bible says. The Bible says;
“For the love of money is the root of all kinds of evil, for which some have strayed from the faith in their greediness and pierced themselves through with many sorrows”
1 Timothy 6 Vs 10
Can you see from above scripture that money is not the problem but greediness?
Ok, lets go to the subject matter of discuss;
3 AREAS WHERE MONEY IS HIDDEN