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So I was with a couple of friends in camp sitting outside and taking in the view. There’s really no view actually, just black muddy sand with grasses trying to overpower their existence to no avail and people in white shorts and shirts roaming about “otondos” as they are called (ok fine, I was one of the white and white people too, so let’s say…as we were called). Otondo means white fowl. It is what young corps members are called. A guy, my friend actually, Kelvin Aigbefo, stirred up a conversation by asking

“If you were asked to bathe naked during parade for 10 million naira, confirmed, would you?”

One guy replied

“10 million? Ahhhh I would bath and dance shoki sef because I’d be feeling like I’m cheating them. I’d do more sef. I’d bath 3 times.”

In his opinion, someone had just given him money tree to shake…lol.


More comments poured in, their eyes shone like they were already offered the money. When I said I couldn’t, people attacked me and said it was because I didn’t see the money. I was sure I couldn’t. I pictured how people would bring out their phones and record and take pictures, I pictured the look on my future husband’s face and those of my kids. I did a mental conversion of 10million to dollars, it actually wasn’t worth much. Then I asked myself, if you offered this to Dangote’s son, would he do it?

Then I said, the worth of money is actually relative. 10 million to me is not 10 million to you and it is not 10million to Goodluck Jonathan. If you can bath outside for 10 million then you have no right to judge the suicide bombers for collecting 50,000 to 100,000 naira to bomb a place because 50,000naira to him is like 10 million. A prostitute giving off her body for 20,000 naira is equivalent to your 10 million naira bants.

A lot of us are self centered. We think about just ourselves, our family and that’s all. Everything circles around us. We are eager to make money, whether it is a dishonorable or honorable way. We just want to make the money. There are many people making huge sum of money yet cannot be recognized on Forbes’s list. They can’t even invite them to share their money making strategy because they don’t have one. They just steal the money or get it via dubious means.

So after having your bath for 10million, if you’re invited for an interview what will you say? Would you be confident enough to go to schools and inspire kids on how to make money? Would you feel equal when you stand next to a man that works for his money or has a business that has yielded the same amount?

Once we can put our integrity before money, money will chase us. Work hard and smart for every penny you earn. It is the first step to corruption eradication. Avoid fast money syndrome. Don’t let money control you, control money. So I leave you with this question

Would you have your bath in a public place full of people for 10million naira?






You may want to catch up on Steps to Wealth 1 before proceeding to read this. In the last post we shared very insightful tips.

In other to be an effective expert at controlling money you must try the following

  • Plan your needs and prioritize your wants. This way you satisfy your needs first and with time you might discover that some of the things you want are not so necessary. The essence of prioritizing is to bring to light the important wants and the unnecessary spontaneous cravings. Distribute your wants into A,B,C and D. A contains very important and profitable wants, discard most of the contents in D. when categorizing ask yourself what would I gain buying this? Do I need this? Is it necessary? What implication would it have? … Ponder and be true to yourself.
  • Shop for value not quantity. Most people are deceived by the quantity and ignore the quality. The thing is you end up spending more because those of quantity spoils or fades quickly and you have to buy again to replace it. Go for quality.
  • Ask for a discount once in a while in shops you know do not have a fixed price for things.
  • Budget: Discipline yourself to avoid spontaneous spending and never spend out of your budget
  • Examine our receipts and store them. Use them to balance your weekly or daily account. Store then in a shoe box or folder or file etc.
  • Balance your accounts. Evaluate how much you spent and make sure it correlates with your budget.

5.Save:  Saving is like building a foundation for wealth it doesn’t bring the wealth itself. To be wealthy and comfortable you have to save before you start investing in something  that makes money work for you and brings in a constant flow  of money to  replace what is spent aside your salary make your mind to save a particular percentage daily,  weekly, monthly. Pay the money directly to an account that you do not have an ATM card or withdrawal slip for. Keep it where you know you can’t touch it easily.


6. INVEST and START A BUSINESS: Saving helps you raise capital without borrowing or a loan but sometimes you might need to do something large scale. With your birthed idea you can find sponsors who would be willing to invest in it as partners and get a percentage of the profit but if you are doing something small scale you can use your savings to start your small business. Investing brings in a constant in flow of cash. To keep buying everyday and live comfortably, we need a constant source of money because salaries keep you at a mediocre level. Live above the mediocre (average) mentality and get wealth legitimately by investing in a business, someone’s idea, your idea, mutual funds, shares etc. the rules of investing are:

  • Study and get information on what you are about to invest in. Know the stakes, risks involved etc. find out all about it. In-depth knowledge is required.
  • The longer you invest (leave your money in the money market) the lower the risks (stock market) e.g. 5years and above. Do not use the stock market as a gambling ground. Do not play the market.
  • Gambling is not investment. It is the easiest way to lose.

The keys to starting a business are:

  • Get on purpose: Do what you love. Your business should be in line with something you are interested in. Ask yourself “what do I like to do?” “What am I good at” “what interests me?”Etc. answer yourself.
  • Choose a business in relation to your life style.
  • If you have an idea, ask questions but do not let out your idea except you are ready to do business with the person you are involving or telling.
  • Gather information about it and find out the lapses in people that are already in the business if it is not a totally new concept.
  • Make a detailed business plan.
  • Become the best at what you do by making your business unique or add something that would make me attracted to your product and not the others. Try and correct the mistakes made by others in your own product.
  • Even if uniqueness sky-rockets you to the top do not be scared to legitimately copy and learn from others but make yours better and preferred.
  • Be slow to hire and fast to fire. Make sure your employees are what you want. Do not compromise.
  • Packaging is extremely important. Your advert and marketing is important. Packaging attracts the consumer and content keeps the consumer.
  • Take a step at a time. Do not rush in to deals, nothing good comes easy.

7. Protect your Assets: how???? Simple

  • Avoid conspicuous consumption
  • Avoid putting assets in your name
  • Never co-sign a loan for anyone
  • Carry adequate liability insurance
  • Avoid all “recourse” debt
  • Operate business from a cooperate entity
  • Never go into a business without a detailed business  plan
  • Never go into a partnership without a “fool proof” exit/escape plan
  • Never put all your eggs in one basket
  • Prepare for the worst but be optimistic

8. Be A Giver: it is important to be a giver because it opens doors for blessings. What goes around comes back around. The people you help on the way to the top may be there for you if you ever fall to lift you up or when in need.

9. Read: Read about those that have made it and are now wealthy or died wealthy. Learn from their mistakes and get tips from their stories. People like Warren Buffet, Bill Gates, etc.




People have this benign and crazy concept that money is the root of all evil but it is not money that is the root of evil it is the LOVE of money. If money is evil why then do we need it??? If you are wise you’d understand that poverty is a curse. It is undesirable and most likely a bigger root of evil than money would ever be. Many people want to be wealthy but are not ready to do what it takes to get there. To be wealthy you need your money to work for you. Here, I have written steps that can make your money work for you while you are awake or asleep. Good things do not come easy it is necessary to prepare our minds for the tasks. If you want wealth, there are key sacrifices and focus points that you must pay attention to, they are  called money secret or skills. I stumbled upon them and I thought I should share this information, so we can grow together:

1. Value Money: Every dime you have matters, see it as a mustard seed that can bring in a massive tree when planted even if the seed looks small. If you were to save 100 naira daily for the next 30 years, you will have 36500 in a year and 1,095,000 naira. In 30 years you are a millionaire without stress or a job or business, just by saving a 100 naira note daily. This doesn’t make you rich quickly but you would get rich for sure. Every money  including 5 naira is a seed, you can get rich on the money you are wasting. the longer you wait to get started the steeper the climb. you can’t make poor decisions today and expect wealth tomorrow.

2. Avoid debt: Avoid living above your means. You earn 10,ooo naira a month, you have no other source of income and you try buying a shoe of 15,000 naira. The  truth is you cannot avoid the debt because your next month’s salary that you have not even seen would have to pay for it. If you do not have the money, well let it go. A debtor is a slave to the lender. The life of a debtor is stagnant and everyone in life wants to move forward so, avoid debt.

3. Account For Every Penny: “I  had some money yesterday and I cannot even place what I spent it on now it’s finished”. I’ve heard people use this phrase so much that it almost seems normal to the world. Ever wondered why records are kept in business organizations? It is to monitor the money flow and productivity. Treat yourself like an organization, everyday or week evaluate and give account of the money you’ve spent. When you spend money on unnecessary things, the awareness dawns on you. this way you can  keep check of your spending rate. Do not forge productivity, if you spent the money on something unnecessary document it, if you spent it on ice-cream document it. Do not lie to yourself because you’d be cheating yourself. The greatest form of deceit is self-deceit.

4. Control Money: Never let money control you. How do you control money? Simple. Have a plan in the following order:

-10% for God or charity

– Save 10%

– Self



-Household expenses (food ingredients, etc)




-Debt/ Miscellaneous (spontaneous / unplanned spending)

-Business expenses (investment)

Every month or day, any money you get break it into the following categories. Never substitute any one for the other. If there’s excess, in any category, save it.

to be continued…