May 21, 2012

Everybody have the potential to be a millionaire


Everybody have the potential to be a millionaire
Do you know that research has shown that every adult, no matter the background or income level has the potential of becoming a Millionaire in the future when given the right information?

The reason why majority of the people ends up retiring poor despite leading a comfortable youthful age is not farfetched. It is due to what I called ‘SELF HATRED’.

WHAT IS SELF HATRED?
It’s Simple! Where does the money you earn go to? When you think critically, your answer may be narrowed down to something like

1. On family commitments
2. On clothing and comfort
3. On religious commitments
4. On social commitments
5. On bills
6. On charity
7. And a few others

we struggle to indulge in these activities; in fact we pray and wish to have more money to indulge in these good acts to our satisfaction. However, in all these noble activities we do, we totally ignore the most important commitment: ‘OURSELF’.
That is the reason why we find it easier to pay our electricity bills, help friends in dare need, fulfill pledges and promises made in church, help family members and others in need, etc than to pay 
ourselves.
In fact, savings to some of us is like capital punishment. Though many of us earn huge amount of money, we simply feel we do not have enough to save; we only have enough to spend on different commitments (which will never finish anyway).  Those of us that earn small amount of money also complain of insufficient cash to save, forgetting that no amount of money is sufficient for anyone who cannot save.

The simple truth is that if you cannot save money when you earn N20,000 monthly, you cannot save money when you earn N500,000 monthly either. Some of us, the last time we tried to save, we had to go back to deep our hands into our savings for the sake of meeting up with the usual commitments. You end up paying every other person but not yourself!
You help every other person but not yourself!
You value every other person but not yourself!
You love your neighbor but not yourself instead of loving your neighbor as yourself! Why are you doing this to yourself?

Please don’t misunderstand me; there is nothing wrong with helping others and meeting up with commitments. You can go ahead and do them …but please remember to do a little for yourself first.

If you earn N1000 monthly, go ahead and squander N900 anyhow you want but keep just N50 or N100 to yourself.  That 5% or 10% you save for yourself is the money that will make you wealthy in life when invested where it will yield good interest for you annually.

Thank you for your time I hope I found this report valuable, I’ll talk to you more on Investment in my next mail.

For any investment opportunity please

To your success

peter

May 15, 2012

To retire wealthy is still possible


To retire wealthy is still possible
Today I want to show you a few proven steps on how to retire wealthy.

First of all, I want you to understand that the law of ‘Opportunity Cost’ (foregone alternative) is highly essential for your wealth building to be assured. You don’t have to continue spending the same way you do and expect to grow financially or retire wealthy. Something must have to give way for another to come in.
 
To start practicing the opportunity cost pattern of wealth building, your first step should be to start writing down your daily expenses. At the end of the month, get your expenses register and check the amount of money you spent in one month. Break it down into different segments e.g. food, beverage, clothing, transportation, water, entertainment, donations, charity, etc. after that, start cutting down on some unnecessary frivolities. You will be amazed at the result you’ll get. 

For example, I had to review some my expenses like this:

 I take bike transportation (okada) to and fro from my house to the bus stop (at N50 per drop). That is about N700 weekly or N3, 800 monthly.

 I take soft drinks and snack (worth N300) at least four times a week. That is about N1, 200 weekly or N4, 800 monthly.

These are some expenses I can comfortably live without. To be able to save
 I have to walk down from my house to the bus stop (which is not far anyway) everyday. [Motor cycle transportation as I discovered has made so many poor and average Nigerians lazy and impatient these days]. With this, I saved extra 3,800 monthly.

 I stopped taking soft drinks and snacks as I do all the time and saved myself extra N4,800 monthly. On the whole, I am able to save N3,800 + N4,800 = N8,600 on monthly basis. That means in one year I will save N8,600 x 12 = 103,200. In ten years I must have saved 1,032,000 (one million thirty thousand Naira).

Now assuming I decide to invest my one year savings which is N103,200 where it can yield 84% interest annually,  what I will make is about N8,668,800 (i.e. Eight million, six hundred and sixty eight nthousand, two hundred eight hundred naira).
That means, if I am able to endures spending this N8,600 on frivolities monthly for just one year and invest the N103,200 where it will yield 84% annual interest, I will have made over hundred million Naira in twenty years.

It’s simply incredible.

Some factors that prevent people from saving:
 
Impatience: majority of us feels that saving small amount monthly is worthless compared to their high achievement expectations. Of course we all want to save something tangible; something that will amount to huge money when accumulated in one year.  But that is just where the problem lies. Due to this high expectation, we end up not saving at all. Just as the wise man in the Bible called Solomon said “a wounded dog is better than a dead lion”; I say to you today: “it is better to save something little than not save at all.”

Another challenge to saving is
Extremism: most people starve themselves and ignore some key responsibilities in order to save something tangible. At the end, they are tempted to deep their hands into their savings to satisfy some vital needs when pushed to the wall. When that happens, they get discouraged and the idea of saving money is discontinued.

The right way to save is to set aside any amount that will not be felt when removed from your income. Just like money for a cup of coffee or bottle of soft drink and snack. A person that earns N20,000 monthly and save N500 is better than the big guy that earns N1,000,000 monthly (lives in comfort) but saves nothing.

My encouragement to you today is that you can grow that small N10, 000 of yours (which may have taken you one full year to save) into over N18, 000,000 (eighteen million Naira) in 15 years when invested where it can yield 84% annual interest.  Remember, I will be showing an online investment that can make you 84% come this sat 26th may 2012 please visit www.fullfreeseminar.blogspot.com to view the whole details.

To start immediately click on this link immediately to discover how to turn $10 (N15,00)into $60(N9,000) in 2week Guaranteed. www.opportunities-littleinvestment.blogspot.com
Also check out the online penny stock www.onlinepennystock.webs.com
To your success
Josephson peter okwudili

www.moneyinthebankpack.webs.com