Everybody can be a Millionaire
On Monday morning I was chanced to go get my PVC, at the point of the delay at the INEC office, I was feeling bored and had to tell a friend to lend me his earpiece to listen to a message on my phone. So I stumbled again on a message titled “Financial Freedom” by Sam Adeyemi. I have had it for long on my phone but only listened to it once while being in a sleeping mode. So along the message I heard him say “ Everybody can be a Millionaire” the word struck me, I was like wow! how can that be?! but with the few analysis he made and with some insights I got from deliberations with my friends, I’m so much convinced that everybody can be a Millionaire.
From the message and discoveries I’ve learnt, most Nigerians spend more on unnecessary things and lack the understanding behind the principles of saving and investment.
The analyses are as follows:
* You save 10000 monthly for 30years or 20years that gives 3.6million without investment. But if actually invested or put in fixed deposit it will yield more than that or in a situation where your parent just save and invest 1000 on you till your present age. You should be able to calculate what that could have yielded.
* Even as a student saving 1000 monthly through your stay in the higher institution.
* Another paramount thing I learnt is -Don’t just save, learn to invest what you save’.
Principles you need to Imbibe
* Save before you spend
* Save and Invest
* Plan your spending
* Be disciplined and consistent
I also have the same issue you have after reading this analysis, don’t blame yourself. Start Now