**Well, thank you very much for that question.**
One of the things I've come to realize is that a lot of people are doing everything they can to try to make money and to try to work to get an income. But not many people are giving the same level of attention and commitment to learning about money.
You need to understand that the more you learn, the more you earn. Your learning capacity determines your earning capacity. So when you spend time to learn more about money, you will understand that there are principles that govern the creation of wealth. Wealth is created. Wealth is not automatic. Someone has to take the responsibility for the creation of wealth.
And wealth creation also takes time. It takes time to create wealth. Wealth creation also goes through a process. And then there are ingredients. There are principles. There are laws that govern wealth creation. So no matter who you are, no matter where you are, once you understand the laws and the principles that govern wealth creation and you apply those laws and those principles, they will work for you as long as you are willing to be patient, to walk through it and go through the process.
Anything meaningful that will last must go through a process. The challenge is... Number one, people don't know that there are laws and principles. Then those who know do not practice the laws and principles. They are waiting for one supernatural move to happen. And then those who practice it are not patient enough to go through the process to the formation of the wealth that they are looking for.
It's like a woman trying to give birth to a child in three months or six months. You have to go through the gestation period. And everyone also has a gestation period that they go through. So no matter who you are, once you understand... Once you understand the principles and you apply it, it will help you.
You know, I just came back from the States. I did a six-city tour. I was in... I was in Houston, I was in Dallas, I was in Ohio, I was in Detroit, I was in New York, I was in Atlanta. And one of the things I did as I went on the School of Money tour all over the US was to talk to people about understanding your economic environment.
You see, the challenge with many people in the Western world, especially those of you in the US, is you don't understand your economic environment. Especially for people who are in the US. Especially for people within our community that are immigrants, because when you are coming from Africa, you're coming from Asia, you're coming from the Caribbean, and then you come into the Western world and you come into the United States, anywhere you find yourself, the first thing you need to do is to understand your economic environment.
America is a capitalist economy. You are in a capitalist economy. And according to the capitalist environment, the law of capitalism has been programmed in such a way you can never become wealthy. And according to the capitalist environment, the law of capitalism has been programmed in such a way you can never become wealthy by earning salaries. You can't become wealthy by earning salary in a capitalist system. But many people don't understand that.
So I get into the US and I say, oh, I'm doing two, three, four jobs. I've got to pay this, I've got to go pay this. And no, something is wrong with your system. Because no matter the jobs you do, you will forever be in the rat race because the capitalist environment is structured in such a way that salary and us can never be wealthy depending on salaries alone. That's the way it's structured.
So the more work you do, the system is structured in such a way that every morning, you make, we go back into the system through taxes, through bills, and through all this. So what I would tell anyone listening to me right now is if you want to become wealthy, understand that there are laws and principles that make you to become wealthy. Be committed to applying those laws and those principles and be patient to see them work.
All this get-rich-quick scheme, all this I want to blow, I want to make it now, all this I'm just believing God. God will just bless me. I want to anoint you for prosperity. They're just looking for an easy way out. All those things will cost you to end up in frustration, but once you know what you need to do, then there are just three simple steps that may take five years, 10 years, 15 years.
Number one, financial intelligence: do everything you can to continue to learn about money, how to make it, how to manage it, how to multiply it, all the laws and principles. And the more you learn, the more you will keep learning. You don't stop learning.
Number two, financial planning: sit down, develop a plan on how you are going to move from your present financial position to your financial destination.
And then number three, financial discipline: financial intelligence, financial planning, financial discipline. And as you stick at it, five years, 10 years, 15 years, depending on a lot of factors, you will arrive at the wealthy place. It's not an impossible thing.
Yeah. Now, you see, principles make life predictable. And principles are universal. Wherever you are in the world, the law of gravity is the same in the US, in Australia, in Nigeria. The law of self-preservation is the same. So principles are universal.
But listen to what I'm about to say now. Even though principles are universal, the application of those principles are personal, contextual, and geographical. Personal in the sense that we may all be listening to the same thing. But in applying that principle, I have to look at my personal life, my personality, where I am as a person.
For instance, now, if someone is listening to me right now, and you are 17 years old. Or someone is listening, you are 27. Or someone is listening, you are 47. Or someone is listening, you are 67. Even though you are listening to the same information, the way a 17-year-old will apply it will be different from the way a 47-year-old will apply it.
Because the 17-year-old guy is probably single and unmarried without too much responsibility. While the 47-year-old man is probably married with children and lots of responsibilities. So even though the principles are universal, the application is personal.
Number two, the application is contextual. You have to look at your context. So you might be listening to me right now. And you are 27. But even though you are 27, you have parents that are alive and they are working. And you are living in your parents' house. And you are not paying any rent and you are not paying any bills. But you are working and saving all your income. That's your context.
But somebody else is probably listening to me right now. She is also 27. But she doesn't have a father, she doesn't have a mother. Or she has a father and mother that are even depending on her. So even though she is hearing and listening to the same principle, her context is different.
So the interpretation of that principle is personal, contextual. If you are listening to me right now, you've just been diagnosed with cancer yesterday. And you are listening to me today. You are different from somebody that is ill and healthy. Because your context is different.
And then it's also geographical. So if you are listening to me right now, you are in a capitalist environment. The way you apply the principles is different from somebody that is in a socialist environment. It's different from somebody that is in a communist environment.
So principles are different. Principles are universal no matter who you are. The principles and the laws of wealth creation are the same. Number one, the principles of financial intelligence: what you know determines how far you will go. If you are not informed, you will be deformed. If you are not inspired, you will expire. If you are not updated, you will be outdated. Those who know rule over those who do not know.
So number one is the law of what? Financial education. Financial literacy. Number two is the law of delayed gratification. You must learn to delay gratification. If you eat tomorrow's food today, you will be hungry tomorrow. If you wear tomorrow's clothes today, you will be naked tomorrow.
So delayed gratification. Money is not for eating. There are only three things you can do with money. You can waste it. You can spend it. You can invest it. Foolish people waste money. Average people spend money. Wise people invest money. So the law of delayed gratification is a law you must apply.
Anywhere you are, the one number three is the law of savings. If you don't save, you are not saved. What you save today will save you tomorrow. So you need to save because money is tripartite. There is nothing called future. There is nothing called future. There is nothing called tomorrow. Today is yesterday's future. Today is yesterday's tomorrow.
So the tomorrow you are talking about, my future is bright. My future is bright. There is no bright future anywhere. The future is a concept. It doesn't exist. You create it with your today. So every time you get money, money is tripartite. That money that you are receiving, every time you receive that money, a portion of that money belongs to your past to take care of the bills you have already endured.
A portion of that money belongs to your present to take care of your ongoing obligation. A portion of that money belongs to your tomorrow, your future. So if you don't save, you are eating your future. But if you save 10, 20, 30% of your income, you are now creating the future. By the time you enter the future, the future would have been created.
Number four, the law of asset acquisition. You need to acquire assets and not liabilities. So every time you are getting money, you are saving. Savings is not an investment. But you save so that you can invest. Savings is setting money aside for a purpose. Investing is sending money on assignment for a return.
So the law of asset acquisition must be applied. You acquire assets, not liabilities. iPhone 12, iPhone 13, iPhone 14. What has it ended up with your life? You are buying red bottom shoes, bags, and shoes to match. Your debt is not matching your bank account. You are buying both straight. Your life is not straight.
And you are buying three-piece suits and then you don't have three floors of flats or three plots of land. All those things are a waste of your life. So you acquire assets. Number five, the law of cash flow and investment. It's not just enough to have an asset. You need to have cash flow producing assets and cash flow investments that continue to bring money into your life regardless of you working.
Next, the law of multiple streams of income. You need to continue to have different streams of income working for you. So the laws are all there. My School of Money book is there. There are many books that have been written all over the world that ask all these principles. They are not new. But people are not ready. They are looking for shortcuts.
And shortcuts will cut you short. Shortcuts are the longest cut because if you get crashed, you will crash land. So the laws are there. And anybody can apply it. It will work for them. Because... You know, we have a short time. And when they ask questions, we will be breaking it down.
And look, School of Money. Look at the School of Money. It's the old Bible of wealth creation. So the thing that is here, it's the old masterclass. It's the old... So we have so many angles. I will just drop it. And then when they ask questions, at least this video is recorded. They can go to your YouTube. And then they can listen to it over and over again.
People listen to my videos sometimes 10, 20, 30 times. They listen, listen, listen until the word becomes flesh. So... If you eat tomorrow's food today, you will be hungry tomorrow now. It's tough. The money. That money. That belongs to tomorrow. If you eat it today, you don't have tomorrow.
If you want to create wealth, it's a must. Let me tell you something. You see, I was ministering in New York years ago. And a lady, you know, asked that question. It's just a mindset thing. A lady, you know, Americans, the way they are very forward. That's what I was talking. She was just lifting up her hand like this. I'm like... She was just lifting her hand. She was lifting her hand like this.
So afterwards, I said, sorry, young lady, what can I do for you? Do you have a question as much? She said, no, no, no. You see, you don't understand. Because the way you're just talking, you know, many of us, we've got to pay bills. We've got to pay bills. And you know, by the time you're making money, you're going to pay taxes. You're going to pay bills.
I said, okay, cool down. Are you good? Okay. I said, let me ask you a question. Are you able to pay your bills regularly and successfully? She said, yes. I said, okay. So now, if a new bill is introduced into your life right now, if, for instance, you find out that there is an extra bill of $100 every month that you need to pay, what are you going to do?
I'm just going to find a way to pay it, you know? I'm just going to find a way to pay it. Because I need to pay my bills. I need to have my credit score. I need to get it. I said, okay, no problem. I said, so what I'm telling you now, let your savings become a bill you are paying to your future.
Let your savings become a bill. Wow. I want you to understand, since you are operating on a bill mentality, let me make savings a bill. She said, oh, I got you. I got you. I got you. I got you. You are owing your future. Savings is a bill that you owe your future. Pay your future. Create your future. Don't eat it and bewilder it.
Because once your expenditure is greater than your income, your upkeep will become your downfall. Once your expenditure is greater than your income, your upkeep will become your downfall. That's why you are in America 10, 15, 20, 30 years, you are doing three, four jobs, you are still poor. Why? Because you don't understand. It doesn't work like that. You need to understand these things.
Yeah. Okay, now there are seven reasons for savings, but we can't go into all that. Number one, you are saving. Saving is setting money aside for a purpose. And one of the reasons why you save is for what we call eventualities. You save for eventualities. You save for the rainy day. You save for security.
So we tell people that you need to save between six to eight months of your living expenses stored up in cash. So for instance, if you need $2,400, $2,400 to survive every month, that's you look at your budget and, okay, I need $2,400 every month. Then $2,400 times six or $2,400 times eight is what you have saved up in cash.
So that no matter what happens, you will still be able to live for six months while you are trying to reinvent and reorganize your life. And once you have that covered, then you are good to go. That's number one. Number two reasons why you save is to be able to maximize opportunities. Life is all about opportunities.
It is better to be prepared, waiting for opportunities, than for opportunities to come and make you unprepared. So the second reason why you save is to maximize opportunities because crisis creates opportunities. So if someone is in a crisis, they can decide to sell a car for 30% of its value. They can decide to sell a house for 60% of its value. They can decide to sell an asset for 70% of its value.
Why? Because they are in crisis. And you can now maximize that opportunity because success is opportunity plus preparation equals success. So the second reason why you save is so that you can be able to maximize opportunities that life brings to you.
Number three, the third reason why you save is for investment. You save so that you can invest. Savings is not an investment. Because the return on your savings, the interest rate on your savings is not a good return. The inflation is going to eat up. The valuation is going to eat up that.
So savings is not an investment. But you need to save and develop that culture so that you have money to invest. So the third reason for saving is for investment. So that you can now send that money on assignment. So savings is sending money aside for a purpose. Investment is sending money on assignment for a return.
So you are sending the money on assignment. On an investment plan. So you are putting it in real estate. You are putting it in gold. You are putting it in treasury bills. You are putting it in shares. You are putting it in all kinds of platforms. So that money now goes to workforce.
So instead of you working hard for money, it is the money that is now working hard to bring a return. So those are three out of the many reasons why you save. Okay, so let me start with the rest. Okay, so let me start with the rent issue. Since you brought in Nigeria, for me as an individual, there are two people that I hardly help when they are asking for money.
Number one, people that are asking for money to pay rent. And number two, people that are asking for money to pay hospital bills when they are pregnant. And the reason is that when you are impregnating your wife, I was not there. I was not part of the payment. Why should I be a part of the payment?
God gave you nine months notice from the day of conception to the day of gestation. Gestation period is nine months. So for nine months, you didn't know how to package money to prepare. When you are now in hospice, you are now calling everybody. It's part of lack of what we call financial irresponsibility.
Now, in Nigeria, we pay rent for one year, two years. So are you telling me for two years you went to sleep? No. Every money you make every month, a portion of that money belongs to your future. I've already said it. So if you know, let's... Let's assume now, let's come to Nigeria, since you are using Nigeria's example.
So in Nigeria, you are someone that earns, let's say you earn 70,000 or let's say 100,000 for mathematics, you earn 100,000 and your rent is, let's say, 300,000. What that means is that every month there is about 25,000 Naira of that 100,000 that does not belong to you. It belongs to your rent.
So if you have a rent account where that 25,000 is going to, if you are earning 100,000, it simply means you are actually earning 40,000. Because 25,000 is already rent, you will still pay tight, you will still transport yourself to work. And another thing you need to look at at that level is, are you really sure that you are living in the house you should be living in?
Because every time people are talking of, I want money, I want money, they are always thinking of having more money. There are only two ways you can make money available to you: increase your income or reduce your expenditure. This same person begging for rent, we have eyelashes, we have extension nails, we have all kinds of... We have Peruvian hair, Italian hair.
This same person, we have shoes. I love shoes. I love shoes. You have two legs, but you are buying shoes like an octopus. This same person, we have bag and shoe to match. Yeah, their destiny is not matching their bank account. This same person, we have three handsets like 419 and be telling me you are buying iPhone 11, iPhone 13.
Most of the time, there is so much materialism and waste in our life. If you reduce your expenditure, some people are living in three bedrooms that should be in one room. Some people are living in two bedrooms that should be in one room. So you cut your coat according to your material, not according to your size. Because you can be obese.
So if the material is not enough for coat, you should always coat. If you cannot do a coat, you do muffler. If you cannot do muffler, you do pocket and catch. You just represent. So that is what I would say to that. Because this issue of prosperity and riches and wealth, you need discipline. And you need to really cut yourself and start organically.
I had to eat my three square meals. Is three a square or a triangle? Three square meals. Where do you get all this nonsense from? Must you eat when you are not hungry? So you need to cut it down. Many of the things we are spending money on as a financial consultant, and I do, I am a celebrity from Nadia and when I see people down, no matter how poor they think they are, you will still see areas in their life where they need to cut expenses.
Because many times we are doing things, we are trying to, what will people say? How will people feel? And people are not interested in all those stuff. So to the second one, you see, one of the things you need to understand, I don't know how long we are, but let me deal with this. You see, religion is more dangerous than the devil.
And a lot of people that say they are Christians, they are not Christians, they are just religious people. And you see, Christianity is not a religion. It's a relationship. It's a relationship with your creator. To say, let me just pay my tithes and then I will prosper. The Bible didn't tell you that when you tithe, you will prosper. It's not in the Bible.
It is you interpreting it that way. You see, and open the windows of heaven and pour you out the blessing. Go and read your Bible very well. When the windows of heaven open, it's water that came out. It's rain, not money. Yeah, because it said, hey, hey, hey, open up. Don't let me break in. You see, I will open the window and pour you out. It's not a blessing. A blessing. A blessing.
You are now turning to that there will not be enough room to contain it. You have been tithing for 30 years, 20 years. Is there enough room? So when he was talking, he was talking to Jews. He was talking to farmers in a desert. And he's telling them, they understood what he said. Look, when you bring your tithes, because everything you have belongs to God. The entire 100%.
So all this 10% stuff is just elementary school. When you become rich, you want to become rich. Tax alone is 40%. Plus tithe, only 50%. So if you are still alive, you are not going to be rich. When you are going to become rich, they will collect tax of 40%. So when he said, I will bless you, he said, bring your tithes into the stalls and prove me.
And I will rebuke the devourer. And I will pour you out a blessing that you have no room enough to contain it. I will open the windows of heaven. Now, windows of heaven. According to the law of first mention, you see, biblical exegesis. Biblical exegesis is the careful, systematic study of the word of God to discover the original intended meaning.
So that you can rightly apply it for the now. Okay. Okay. Okay. One of the laws of biblical interpretation is the law of first mention. When you want to understand anything in the Bible, go to the very first place where it was mentioned. The first place windows of heaven was mentioned is in Genesis during the days of Noah.
When the windows of heaven opened, water came down, rain. And God opened the fountains of the deep. And water came out. So when he was talking to them, he's saying, when you bring tithe. And the tithe they were bringing was purple, pineapple, orange. Because they were farmers. And he said, when you bring your tithe, produce from your farm, I will open the windows of heaven.
I will pour you out a blessing. I will give you rain. Rain will come upon the desert and your fruits will produce. That's what was telling them. So now, are you a farmer? Are you a Jew? Are you in the desert? So now, you are working. You are bringing money. So what he's saying is that tithing blesses you with things that money cannot buy.
So for a student that tithes, you don't get money. You get retentive memory. But even though you are supposed to get retentive memory, it is when you go to class that you have retentive memory. You cannot retain a lecture you did not sit for. He said, the only thing we bring to you. Is your remembrance. Is it not what you read that you can remember?
So if you now say, because I tithe, I have retentive memory, you didn't go to class, you didn't read your book, you will tithe and you will fail. If you are a salary earner, he says, when you bring your tithe, that means you labor with your energy, you labor, you go there. At the end of the month, you get an increase, one week, two weeks, and then you bring your tithes.
The entire 100% belongs to God. You now say, God, I acknowledge that you are my source. I acknowledge that you are the one that gave me the power to get this. And I'm bringing this tithe to honor you. When you are bringing that tithe. He will now bless you with things that money cannot buy. Good health, favor, connections.
So as a salary earner, you will have good health to continue to make the money. As a salary earner, you will have favor. So that there are things that you are supposed to spend money on. He will make it work for you not to need to spend the money. And he will cause you to get your promotion at the right time. And you have progressive progress in your life. Connection.
He will connect you with people that will make things easy for your life. That's what it means. So it doesn't mean that because you tithe, you will now become prosperous. No. And I see people say, I'm not in for prosperity. I'm not in for this. Let's stop all this nonsense. The supernatural is a combination of the super plus the natural.
Super will remain super without the natural. Natural will remain natural without the super. It's a combination of the super and the natural. So for you to say that somebody will anoint you to prosper, you are fooling yourself. You cannot be anointed to be a pilot. You can't be anointed to be a medical doctor. You can't be anointed to be a lawyer. You can't be anointed to be an engineer.
No. But does it mean the anointing is useless? No. Whatever you multiply by zero, zero equals to zero. So the anointing is powerful, tangible, visible. But because there is zero knowledge in you, the anointing will be suspended until your knowledge catches up.
So I can anoint you now and say, I anoint you to be a driver. You will still not be able to drive. But if you now carry that anointing and go to driving school, instead of learning it for two weeks, in two days, you catch up. Why? Because the anointing will accelerate it.
If I now say now, I anoint you to be a medical doctor, by the time I release that oil upon your life, when you now apply to be a medical doctor and you go to school, it will work through the seven years of your lecture. So that you can pass, you will do well and graduate well.
So all this religious nonsense. No, no, no, no. Christianity is not a religion. And we should stop all this thing because there are a lot of people, 10%, 10%. Why are we so concerned about 10%? And we are not using the same passion to teach people what to do with the remaining 90%.
90 is more than 10, okay? So if you give 10 and you use financial stupidity and financial irresponsibility to mismanage the 90, you will now turn around to say, hey, it's the 10 they collected that made you to be poor. No, no, no, let's stop all this stuff. Let's become realistic.
God is the creator of everybody, but he's the savior of some. And as a creator, there are principles that govern his creation. Whether you are born again or not, or you are an atheist or not, the rain will fall on the righteous and on the unrighteous. The sun will fall on the righteous and on the unrighteous.
So why are all the richest people on earth not born again? Is the most born again? Is the best born again? They are not. But the principle that is making them to be worthy, they are kingdom principles by the creator. So even though they are not born again, they are applying the principles of Jesus.
Because there is a difference between the person of Jesus and the principles of Jesus. So when you are born again, you embrace the person. He gives you peace and guarantees your eternity. But if you ignore the principle, you will still be poor. You will be going to heaven, but you will be poor here on earth, on your way to heaven.
But those unbelievers, they have embraced the principles of Jesus. But they rejected the person of Jesus. So they are going to hell, but they are enjoying heaven on their way to hell, while you are going through hell on your way to heaven. And God wants you to have heaven on earth and heaven in heaven.
So there is nobody on earth that can ever be rich without applying the kingdom principles. Elon Musk, Jeff Bezos, Bill Gates, Warren Buffet, they are all givers. They give you billions. So they give more than tithes. And nobody can prosper without giving.
So if you don't believe in giving, you are a fool, complete fool. Giving. But all these religious tithes, it's because a lot of charlatans have come into this thing. But giving is a law of life that the Creator has instituted. Whether you are born again or not, when your plants come, you will have verse come.
Whether you are born again or not, when you give, you will have verse. Whether you are born again or not, when you sleep with your wife, you will be pregnant and you will have a child. Even if you are an atheist, even if you don't believe in the Creator.
So why do you now say you are a Christian and you are not practicing the principles that the Creator has put in place to manage His creation? So as a Christian, embrace the principles, embrace the person, and balance it up, and then you will do well in life.
One of the things you come to realize about life is no matter the level of life you operate in, in every vision as a small version. No matter who you are. In Nigeria, I live in Nigeria. There are people that live under the bridge in Nigeria. They live in wooden houses. And they have been living in that life for the past 30 years.
They have given birth to children. Their children have gone to school. Their children have learned a trade. Their children have graduated. They sell barley. They sell granola. They sell oranges. And they have raised their children. Why? Because they cut their coat according to their material.
No matter who you are, they live in a wooden house. They are not trying to go and rent a house and pay for one year. They pay, they go to school where they pay per day. If you go to school three times a week, that's the three days you will pay.
So, every area of life has everybody's version. It is when you begin to do long-throats and you are jumping into territory you are not ready for. So, even with 20,000, people are surviving. It is ridiculously small. It is ridiculous. It is a high level of poverty to end that.
Because the United Nations says, earning $2 a day is poverty. Earning $1 a day is extreme poverty. So, over 70% of Nigerians are in extreme poverty. But even in the midst of that extreme poverty, people that are realistic with their life, they stay at the bottom.
They are not trying to drink bottled water or sashi water. They are drinking direct from the well or direct from the river. They are not trying to have 10 clothes. They are going to the boutique to buy second-hand and third-hand clothes. They are not looking for first-hand.
So, you just look for the level where you can operate it. Because your present state is not your final start-up. And the fact that you have a bad or poor background does not mean your back should be on the ground. Just look for what you can do.
Many times, people think it's motivation. Aspire to pass on. No. It's the truth. If you cannot fly, run. If you cannot run, walk. If you cannot walk, crawl. Just make sure you are making progress. And we have testimonies of people that started like that.
They labor, suffer, suffer, caught fire, would do this. But today, the story is different. Because as you move on, definitely we'll meet you on the way. Thank you, Sandra. So, Sandra is my agent in Maryland. So, if you want to buy any property from us or anything, she's the one in Maryland.
That's one of my mentees and agents in the country. So, we have offices in different parts of the state, but she's from Maryland. So, next. Diana, who is the next person?
Website? Yeah, my website is www.olumideimanual.org. All my books are there, soft copy, MP3, they can pay, there's a secure payment platform, they can download, they can pay with Zelle, they can do cash app, and I have offices in New York, in Houston, and in Atlanta, and I have agents in Ohio, in Maryland, and in Atlanta also.
So, I can send all the details to you, they can call any of the agents, the books are also there if you want, physical copy, they can ship it to you, yeah, that's www.olumideimanual.org, they can ship the physical copy to you, either from New York, Ohio, Atlanta, or Houston, and you can do the download, and then you follow me on my social media, Instagram at www.olumideimanual.org, and then you can private chat me, DM me, and then we can give you the phone number of all our agents in the US.
About them. Yeah, School of Money. School of Money. Okay, well, one of the things you need to understand is that life is in seasons, and for every season of life, there are things that should be done within that season.
As a student, for you to be a student, somebody is supposed to be sending you to school, not you going to school and paying for yourself. And now for you to be going to school and paying for yourself, you mean that something has gone wrong somewhere.
The person that is supposed to pay is not available, or they cannot afford it. And now you are now going to school as a student. You cannot be a student and at the same time want to be a full-time worker. You can't do that, because as a student, most of the time, you are probably 20 hours a week to work.
And so your school fees is not supposed to be paid from the work you are doing. That's already an anomaly. So you are already operating in what I call the exception stage of life, because you're supposed to be a student, and that 20 hours you are doing is supposed to just add some small change to you.
So when you find yourself in an exceptional situation like this, then now you need to apply what we call the exceptional principles. That means you have to work harder, faster, and smarter. Harder, faster, and smarter. Because hard work must be accompanied with smart work in order for you to do well.
So I would not advise you to drop out of school, because if you get a better education, that certificate will help you and be a lever. What I would not advise you to do is to work harder. Work harder, therefore, means you cannot afford to sleep for eight hours. You might have to reduce your sleeping to like four hours.
And then, that means you now need to think of other things you can do to make money that will be faster. So harder means you reduce your sleeping time, increase your working time. Faster means you look at things that will produce money faster. And smarter means you look for things that will not require too much of your energy or your time, but will produce more.
So now, you are a student. There are a lot of things you can do online. A lot of people always think of yahoo, yahoo, yahoo. You don't need to be a yahoo. There are things you can do. You can do dropshipping. As a student, you don't need more than one hour a day online to do dropshipping. You can set up your own platform and go into dropshipping.
The company that produced and the customer, you won't even need to do anything. Your website will just be a landing page for them to buy. So you can do dropshipping. You can do, you can be a scrum master. You can be a project manager. You can be a data processor. There are a lot of IT software programming. You can go online, study free of charge on YouTube.
And by the time you spend 10 to 20 hours of serious study, you will begin to practice. And there are a lot of jobs. There is remote work. You are in Italy. You can be in Italy working. America work everywhere. We are in a 24-hour economy.
So the fact that other people are sleeping in Italy does not mean they are sleeping in Nigeria or they are sleeping in Australia. So you need to understand the 24-hour economy so that while people are now sleeping in Italy, that they are starting to be sleeping, you are doing another four hours resuming in another country to do remote work.
So there is so much you can do. And that's what mentorship is all about. For somebody like you, if I sit down with you now, I can show you almost 15 places. So you can be making money. And your life will just become easier.
I would like you to be my mentor, sir. Sorry. When we tell you, let me finish so that you will know before you ask that question. When we now tell you, come and pay for mentorship, you don't want to pay. We say you can't afford it.
So you think I will now give you free information for you to now make money and forget me. You know, I'm a pastor. I'm selling this free. But consultancy attracts a fee. Where there is a voice, there is a new voice.
Okay. Yeah, you see that website? That website, www.onumindemanet.org forward slash conclave. My mentorship is called the Bilonia Strong. So, slash conclave. If you go there, you download the brochure, and then you can register, then we can take it from that point.
But you see, Africa, we have a lot of problems in Africa. And right now, our major issues are mindset and our beliefs. And our upbringing has affected us in so many ways. So you have people in Africa where parents are giving birth to children. Your children are not a retirement plan.
Children are not an economic strategy for escaping poverty. And that's part of the black tax that has affected us in Africa. It's the same thing with marriage. You are going to get married now expecting the husband to carry all your responsibilities. Marriage is not an economic empowerment plan. Marriage is not a poverty escaping principle.
You need to understand that wealth is not sexually transmitted. Marrying a rich man does not make you rich. So if you are a parent, it is the parent that should lay off for the children, not children that will lay off for the parents.
So if you are a parent, I'm a Yoruba man and you hear people say, is that not incest? How can you be waiting to suck your children's breasts? So you mean now that when you give birth to a child, a child you are giving birth to today, you will now wait for 25 years for that child to come and take care of.
That's why we are perpetrating poverty. And it's not a generational cause, it's a generational choice and a generational decision. So I will advise parents to understand that you should not give birth to more children that you can take care of because every child you give birth to is minus 15 years of your life.
And every child you give birth to is minus 15 years of your life. And every child you give birth to is 25 years for you to be free. So the day you give birth to your last born, add 25 years to your age, that is when you'll be free from that child.
So why will you be bringing that much load into your life? Give birth to children you can manage effectively or else you're going to compound poverty in your life. And I pray that people will listen and make that adjustment because it is affecting a lot of people.
And that's why many young people, because they have so much responsibility, they are going to all kinds of vices to try to take care of their parents and take care of their siblings, which is not their responsibility.
Let me answer you straight because I can see you are elderly because when people, when people seek advice, we give them, there are a lot of questions we need to ask before I can advise people when it comes to their personal finance as a financial coach and financial consultant.
Questions that I normally ask are, number one, what are your financial goals? Why do you want to invest? What's the purpose of investment? Is it for retirement? Is it for cash flow? Is it for acquisition of asset? Number two is how much do you have to invest so that we can know where to direct?
Number three is what is your risk appetite? How much risk do you want to take? Number four is how old are you? Number five is how long do you have? So those are questions we normally ask, but I can see now that you are elderly and I can see you labor for years.
So my advice for you, my advice for you will be to do two things. Number one, put your money, put your money in a fixed investment plan. Fixed investment plans are like bonds, treasury bills, fixed deposits. These are fixed returns. The return is fixed. So you have a level of security because the return is low, but it is fixed and guaranteed.
So if you are buying a government bond now, you know that you are buying a bond from government. It's not going to fail. You are buying the treasury bills. You are buying mutual funds. So that's number one. Number two is real estate.
So ma'am, I'm going to give you an assignment right now. Once you drop this phone now, after this session, I want you to pick your phone and Google cheap houses in New Zealand. You say you're in New Zealand, right? Yes. Yes, sir.
Yeah. So just Google, just Google cheap houses in New Zealand. How much was the currency of New Zealand dollar could be like maybe 0.62 US dollars. So your own is more than American dollars? No, it's less than American dollars. Less than.
Okay. So let me explain what I'm saying now. I can guarantee you now, that's your New Zealand that you are in. There's a $50,000 house that's available in that new house. No, houses are very expensive here in New Zealand.
That is, don't argue with me, ma. I'm telling you. That's why I'm giving you assignment. When you finish the assignment, call back or tell us that I've told you. Google it. Pick your phone now. Let's Google it.
I am a global speaker. I know what I'm talking about. Do you understand? You see, when you say it's very expensive, where? It's like telling me that there is no 50,000 Naira land in Nigeria because you live in Lagos. Do you understand?
Many of you live in cities and you are using city to gauge yourself. I was in New York just last month. I did the same thing. They were arguing with me in Bronx. I said, in New York, you can get the $50,000 house. They said, it's not possible. I said, Google it.
Even in Bronx, we got the $1,130,000 house. In Bronx. And they were telling me it's $500,000. This is my job, ma. That's why I'm here to help you. Don't argue until you have done it and you find it to be false. Google it. You will see.
All right. Okay. There are $50,000 houses. So, when you now check all those houses, there are other things you now need to factor. Location, state of the house, and all those sorts. So, begin to gather money. Go into real estate in New Zealand. Sit down. Study it.
And begin to, because you can go into rental properties. So, all that money you are saving, putting in this, and it's losing the RSA, this and that. No. Once you have those ones, you'll have a portion of your money there.
But Google it. New Zealand. If I let me even do it, I'll be saying, sorry, I can't waste time. You see, these are not things that I would like. Cheap. Cheap. Because the fact that you are in one city does not mean, if it's that city, I'll look it up.
Yeah. So, go and do the assignment. I'm telling you this is my job. Oh. You know, this is my job. I'm a global wealth creator. Thank you! Sir. Sir. All over the world.
Sir, why you... Why you list the properties? I'm not telling you go out. I'm just telling you the possibility so that your mind can start thinking differently. It doesn't mean you can't buy the $50,000 one. But it's to let you know that instead of pushing, there are possibilities.
Give attention. That's what I want to invest. Go and sit down. The way to not see now, you study. Study money. Sit down. Google it. The one you Google it. This question you are asking us, you are the one that will do the assignment by yourself.
Okay, it's in this way. Okay, ah. You will now go and start finding out. Is there flood there? Why is it cheap? Is it a dilapidated house? Is there crime there? You will now do your research.
By the time you do the research, you will come back to now say, okay, this one is not for me. Maybe it's this $80,000 one that is for me. And another thing you now need to understand is this. Anything you cannot afford, collaborate.
Nigerians are wonderful people. I finished all of them. This America I went. I can't trust Nigerians. I can't trust Nigerians. Something is wrong with you people. All the banks you are carrying your money to, do you know the owner of the bank you are putting your money to?
You left Nigeria, you left Caribbean, and you now carry that same might to America and be saying because there is no law in Nigeria, there is no justice in Nigeria, doesn't mean there is no justice in America.
So if you cannot afford the $50,000, look for four other people. Put $10,000 together. Five of you can co-own a home. You know, it's shared ownership. And you buy the house cash, you'll be collecting rent. In 10 years, you'll be amazed at what happened.
When you say, ah, no, I can't trust anybody. Are you trustworthy? So if you are trustworthy, are you saying you are the only trustworthy person in the world? You mean all your life.
Hey, she's my chief vice mayor, my G-gay, my main babe. All your friendship is to do poverty and to do as you have been. You can't do friendship to make money together. What are you talking? All you need is a lawyer. Have a legal document that binds together.
So let's stop all these things. I have raised people in America that are multimillionaires from nothing. In America, I have raised billionaires. In that America, they are starting from nothing. So I'm not telling you things by moonlight. These are human beings that are alive.
That had nothing. And in 10 years, they became something. It's step by step. No rushing. Practice it. If five or ten of you come together now, I can, by the grace of God, show you how to be a millionaire in 10 years anywhere in the world.
Anywhere in the world. I've done it before. These are not things by moonlight. If you are ready, if ten of you start putting $10,000 together, that's $100,000 every month. $100,000 every month. You'll be shocked at what will happen in 10 years.
There are franchises you can buy and you will own companies all over America. So what are we talking? As you are now, you are already held, and if your mom is still dependent on you, do you think it's normal? Let's face reality, that is abnormal.
Honoring your father, the Bible says, honor your father and mother. Honor is not a levy. Honor is not a levy. You honor people out of your willingness to honor. What? Let's stop all this, all this African mindset.
It is the arrest, the responsibility. Did you give back to yourself? They raised you up. Now you burn yourself up. She burn you, now he go raise you, now he job. So let's stop all this blackmail, and all this African mindset. It has not helped us.
It has not. The way you are now, you should be in your 50s or 60s. How can your mother... My advice for you, my advice for you is this. Honor your father and mother is not a levy. It's a covenant obligation out of your free will.
Every giving in your life should be done in percentage. If God asks for 10%, it means your mind should be thinking percentage. So have a percentage of your income you give to your parents every month.
So every money you make, part of honoring your parents is that these people gave back to me. Let me give my mom $100 every month. Or $200 every month. And once you have done that, you have fulfilled the obligation.
Don't carry no, that's not your own. As I'm standing here, I'm here now. My parents have been on salary for the past 22 years. I give them as much more every month. Every year, they change as they grow.
So once I've given that one, I've given. I didn't give back to them. They gave back to me. Thank you. Thank you, sir. Don't carry evil load. Don't carry evil load.
Yes. Okay. So, are you in Nigeria or you are in Amsterdam? Where do you reside? Okay. So, because I wanted to know where you are so that I can be able to know how to advise.
Because most of the time when I talk to people in the Western world that are not in Nigeria, I don't even talk to them about investing in Nigeria because of the currency, devaluation and all those stuff, except they have a stake in Nigeria.
They will say, okay, invest in Nigeria. Invest in Nigeria for this, this, this, this reason. So, if you are in Amsterdam, then I will ask that, number one, don't say that there is no job.
You see, what you believe determines what you attract. And that's the way life operates. So, to think that you go and do a PhD and there is no job, there are jobs. Just believe that there is a job, that you just don't know that you exist yet.
So, the first thing to do will be to begin to put yourself out there. There are private universities, there are private colleges, there are different institutes. There are different academies that will need your skill.
If I may ask, what area of discipline is your, what's your area of discipline? So, does theatre as in acting and entertainment or theatre as in medicine? Yeah, so entertainment law, entertainment is a global thing. You don't need to work in Amsterdam.
Even if you are in Amsterdam, there is remote work. So, what I will advise you is, number one, put your CVs together and then identify the different industries you can work in and go online.
Now, you see, this is your phone. You see, Google is your friend. The University of Google is absolutely free. So, why you are, when you finish now, these are things I do and people say, maybe it's because he's a pastor, it's a miracle.
It's not a miracle, it's a principle. Once you finish now, Google it. What jobs are available? For a person of this qualification. And ask Google, you'll be shocked in your Amsterdam.
There are jobs looking for what you already have. So, since you're already in the field of theatre, you want to find out what are the different opportunities in theatre, in entertainment, in TV station, radio station, cable station, and you'll be amazed that you'll be able to start working from where you are remotely anywhere in the world.
You can now go to remote.com, go online. There are a lot of websites that have remote work for people all over the world. You don't need to be in that country. So, just go now.
So, apart from Google, go to remote.com. You'll see a lot of jobs, enter what you have. I see a lot of other opportunities that will come up. And since you are in Amsterdam, are you mobile man? Do you have a car? Do you drive?
No, I don't. So, you don't because you cannot or you don't because you don't have a car or what's the dynamics? I don't have a car.
OK, so, but can you afford to get a car? Not at the moment. Yeah, because I wanted to tell you that you can't afford to get a car. You can also do Uber, Taxify. You can do Uber anywhere in the world.
So, once you are able to access a car, you can do Uber and that can be giving you some money to keep body and soul together. So, there is a lot of work. I spoke earlier on with the other guy on what I call, you know, dropshipping.
So, you can go online now and just Google dropshipping and study it. What did you call it? Dropshipping. Drop. Yeah, D-R-O-P. D-R-O-P. OK.
Yeah, dropshipping, just study it. There are so many things that can be done. It's knowledge, it's just that we don't have those knowledge because, well, if you only search is this Google, you'll be shocked.
I have people making money all over. Once they have the knowledge, they go there, they check it and they're ready to do the job, you'll be amazed. So, go check all these things.
See, somebody said, check, create. OK, OK, I agree. So, dropshipping. So, dropshipping is, you create a site. You put a lot of goods that people will need. People come to your site to buy the goods.
The manufacturer will be the one to send the goods to them. So, just study it. Dropshipping. It's an easy thing anybody can do anywhere. And then there are a lot of other remote work.
So, just Google remote work. What can I do remotely? What can I do from my house? What are the, just Google it, you'll be seeing options. Then study the option, investigate it and before you know it, when you invest between 10 to 20, 30 hours to do research, you will end up with something.
And you'll be amazed. Thank you very much. OK, now the first thing I want to say is I've seen a lot of comments and bashing of the church online from people that do not understand what the church stands for and how the church operates.
So, number one, I would say to people is whatever you don't understand, keep quiet or ask questions, because the church is both an organism and an organization and the principles of the kingdom, the Bible says, if our gospel be heed, it is heed to those to whom the God of this world has blinded their mind.
And there are a lot of people that are carnally minded that cannot understand spiritual things. And that's why we keep expecting the church to do what government is supposed to be doing. And when we have a failed government, people look up to the church and then they place the responsibility on the church that does not belong to the church.
The church is not the kind of business where you are investing money for people to come and be collecting a return and all those stuff. Let us understand that this is a spiritual thing. The church is both an organism and an organization.
As an organism, it is a living, breathing being, it is a life force. But as an organization, the church is also an entity that should be run with organizational principles. And in any organization, there has to be income and there has to be expenditure, because when you are registering a church, you are registering it with a business arm or a charity arm of your country and there are guidelines for running an organization because in that organization you are going to have staff.
That's why I say to people for you to be a pastor, you need the heart of a shepherd and the mind of a businessman, because in the church there will be people and there will be income and everywhere there are people and there are income. You need to understand people management, financial management, project management, crisis management and a lot of things.
So for you to come into a church, when you come into a church is because you have become a citizen of the kingdom. I am presently in Nigeria. I live in Nigeria. But when I go to the UK, we don't drive on the same side of the road. I spend naira in Nigeria. When I go to the UK, they spend pounds.
When I come to Italy, you spend euro. I have an office in Verona. So listen, but I cannot now leave Nigeria now and come to Italy and be arguing that no, you must collect naira, you must collect naira. That would be foolishness.
That's a non-realistic expectation. So when you become a citizen of the kingdom, tithing and giving is not for everybody. They didn't force you. It's a kingdom principle for those that believe in it and believe in God and are citizens of the kingdom and when you are giving to the kingdom, you are giving your tithe, your offering, you are giving because you understand that both you and all your money belongs to God and you are just a steward.
And when you are bringing the tithe, you are bringing it as an acknowledgement of the fact that it is your source. I said, Lord, you gave me this hundred and all that I have is yours. But I'm bringing this tithe to acknowledge you as my source and to acknowledge you as my God.
You cannot now turn and say that you should come and be refunding your money. These are kind of mind their things. These are, you know, if you are not, if you are not ready to serve God, serve the devil. It's not like first the devil must go to heaven now.
There are things you can't see in hell. But don't leave your natural life and come into spiritual space and be messing up spiritual things and be muddling waters because you lack understanding.
So and then people say they build big churches. They didn't build big factories. Stop talking what people don't understand. Do you know how many, all the factories you see and all the business, do you know that it is the people that are built by the church that are building those factories?
Where will the people now gather? So we need to stop bashing church. And I say to you, if you are listening to me right now, you are a Christian. Be careful what you say about the church and how you bash the church because the church is the last hope of the human race.
Governments have failed. Economists have failed. What the church is doing, the government cannot do it. And we need to respect the church. The way we talk about church, talk about Jesus, talk about the Holy Ghost, they make you talk about Muhammad or talk about Allah like that. They go bomb you, talk to church anyhow.
You insult men of God, you insult pastors because God is the God of peace. I don't understand that if you kiss somebody now that is HIV positive and you have captured HIV, there is no alarm bell that will ring that you are not HIV positive.
You will not even know that something has shifted in your destiny. So many people are carrying curses upon their head that are time sensitive. They will not know if they marry and they can't give birth to a child. They won't know until nothing begins to work.
So many times we are just incurring problems for ourselves that are hoped not to be. So let us learn wisdom and whatever you don't understand, you keep quiet or you ask questions. God bless you.
Thank you so much. I say it's just the level of dishonor of this generation, lack of understanding. And this is Christians, people that go to church that have heard all these nonsense. Let them go and try it with Mosque of Muhammad.
OK, thank you very much for that. When it comes to risk management, you need to do two things. Number one, calculated risk. Number two, informed risk. That means you need to get all the information that you need to get and you need to do your calculation very well.
So I will advise you if you are working and you want to move into entrepreneurship, don't just abandon the job and go straight into entrepreneurship because the business itself needs to go through its own sitting period and needs to go through its own stage.
So in business, in the pyramid of business, we have the formation stage. We have the growth stage and then we have the transition stage and then it can plateau or continue to grow. So when your business is in the growth stage, the first five years of the business, you need to continue to reinvest into the business until the business can stabilize.
Because by the time you put a lot of expenditure on the business is going to kill the business and that's why over 80 percent of businesses fail in the first five years. So my advice for you would be to give yourself a timeline.
So if, for instance, now you are presently working, let's say you're working 15 hours a day and you started a business, you are putting maybe two, three hours into the business on a part-time basis. You can now say, OK, for the next one year, I'm going to stay this way in two years.
I will reduce my working from 15 hours to maybe 12 hours. I will increase what I do in the business from two to five. And then you keep staggering it like that until you are able to see that the business is producing some level of income, that if you put in more time, it will now increase the income.
And that's how you go. So it might take you 12 to 16 months process. That's five years. It can take one year to five years for you to transition from paid employment completely into entrepreneurship and you begin to do it in stages like that until you might just be working full time in your business and you are still working part-time, maybe two, three, four hours on the other hand.
Or maybe just 10 hours a week or whatever, just to keep doing other things if you need to do that. So that's what I would advise you to do. Just be informed and then calculate it and give yourself time. Don't just jump out.
Thank you very much. Thank you, sir. I'm not saying I just want to say something. I understand it perfectly. Please let us understand. Fake is a proof of truth. Fake is a proof of origin.
Every aspect of life has fake people. There are fake doctors, fake lawyers, fake visitors, fake actors, fake events, fake baths. The fact that you have experienced fake does not mean you should now throw the baby in the bathwater and trash everybody.
Also, in this world is demand and supply. The only reason why fake continues to exist is because there are also godly bulls on serious and shallow people that are responding to that stupidity. If you are a Christian and you need your Bible, I still study the church this morning.
I still follow me. Hey, your internet is as I follow Christ. OK, well, that means you are talking as a real estate company. Well, well, in the real estate, there are four areas you can play in. You can operate as a regulator, you can operate as a realtor, you can operate as a developer or you can operate as an investor.
And then when you're going to the real estate business itself, you also need to choose which area of the real estate you want to play in. And one of the things you need to learn to understand is what you call cash flow management.
So it means that I'm hosting a real estate conference in July. It's called the Global Real Estate Executive Bootcamp. It's a seven days fully residential event at the Sheraton Hotel. If you go to my website, you get more details about that.
And those are some things we're going to be letting people learn. It's called cash flow management. It means that as money begins to come, you need to understand your overhead and you need to understand how to manage your cash flow in such a way that you don't over invest in fixed assets or in capital projects without having the cash flow to run the business.
Because cash flow is the lifeblood of any business. Even a profitable business can go bankrupt when there is no cash flow. So what you really need is cash flow management that you need to do your calculation to know what your overhead will be, what your running costs, your salaries will be.
You need to look at all the projects you have and to have the financial outlay of what it will cost to be able to run each of the projects on a monthly basis. You look at that vis-a-vis your income cash flow.
And then you have a reserve to be able to undo eventualities. So it's simply a cash flow management principle that you need to apply. And that's a lot of technicalities to it. But the bottom line is never spend everything on your income, never spend it off.
Make sure you have enough cash flowing to be able to handle the different aspects of the business. Thank you. You can go to the website and learn more about the group.
OK, well, if I'm to answer your question directly, I would say yes, it is better than putting your money in the bank if the insurance company is a credible insurance company that has a track record.
But if you're asking if there are better ways to invest your money, then I would say also, yes, there are better ways to invest your money than doing it the way you are doing it, but if you are comparing that to the bank, it is better than putting your money in the bank.
Come again? Yeah, it's a form of savings and it's better than putting your money in the bank. So in answering your question directly, yes, it's better than putting your money in the bank.
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on Jun 07, 2024
