Self-Motivation, Personal Growth and Entrepreneurship Development on DeoluAkinyemi.com

Everyday, I get letters from people, recieve calls and generally interact with people accross different class divides and age ranges.  These letters are usually in 2 categories, there are letters that involve a request and letters that are simply saying thank you and showing appreciation. I also get questions, comments, enquiries, e.tc. Yesterday, I got a letter from someone that I have his permission to share and respond for him and all who occupy a similar circumstance to read.

Here is the letter, read carefully and find my response below.

“Chairman,

How you dey? How’s business and family?

Sorry, i’ve been out of touch. Its not just because of time constraints, but as a result of the fact that i didn’t know how to ask the questions i’ve been wanting to ask. Its been an issue of the right questions create the right answers. That kind of thing.

By the way, what we talked about resumed yesterday, thanks for your suggestion. I used what you recommended and it worked. God bless you so much for ur wealth of knowledge and depth of experience. God bless.

In this mail, i’ll be asking the right questions. Kindly take time to answer me- don’t rush. Thanks.

I’m in a fix- financially. Continue Reading »

I want to reveal a secret to you, please relax. You have already gotten to open this post, so you are ahead of a long line of people who wait a little longer to read. I’m going to share my heart with you, I’ll hope you’ll read me with your heart as well. Once our hearts believe, our heads can easily follow. I’ll also ask for your permission on a few things. If you can oblige me those things, this post and the mail you are about to read, will make a real difference in your life this year! Here are my few requests.

1. Before you continue reading question 2, make up you mind to empty yourself of all prejudices and preconcieved notions about referral based businesses. It might be tough I know, but your preconcieved positions will limit you. Trust me. Read objectively, and look with fresh eyes.

“The uneducated in the 21st century is not one who can’t read and write, it’s one who can’t learn, unlearn and relearn” – Dr. Tunde Bakare.

2. Don’t jump to the bottom, try and read this line by line and with an open mind.

3. Make your decision within 24hrs and take action. What you are reading will not be useful to you otherwise. Believe me though that it will make a difference if you conciously and delibrately make a positive move.

This are all that I require you to have in mind as you read further. Continue Reading »

Announcement: The winner of highest comments for the month of February though keenly constested is… Tosin Fayokun. Please send me a mail so I can send you the parameters for your personal hosted account. Congratulations!!!

This is a story I shared in a number of seminars during the weekend, and I think it’s only proper that I share it with you as well. I’m not certain exactly who owns the story, but I believe I have read it in one of Robert Kiyosaki’s books before. It’s an interesting story that connects with us in some little ways. It’s the story of our lives, and we can clearly see where we are in our journey.

It so happened that once upon a time, in a village somewhere in Africa. A new king ascended the throne, and felt it was the right thing to get water for his people. He decided to hire the services of two good young men to help deliver the promise of water to his people. He offered to pay them $10 per 25 litre bucket of water, and the two of them were excited about the possibilities. The first day of work they both carried 10 pairs of buckets each. It was tedious and hard labor, but by the time they got their payment, they were excited all over again. They continued like this for one week, until one of the contractors called his colleague and told him that even though they were earning $200 per day, he did not feel that what they were doing was sustainable. He suggested to his colleague that rather than go to the stream to fetch water everyday, why not put forces together and develop a pipe that can run from the stream to the town. The colleague however wanted none of that approach. Why will he leave the bird in hand and be hunting for two in the bush. Why should he reduce the number of buckets he can fetch today, and focus on a pipe that might fail, that might burst, that might even be attacked by militants. Rather than take that risk, the bucket colleague continued to fetch his water. The pipe colleague decided to still carry about 4 buckets in a day to have some small cash, and focused his energies almost totally on constructing the pipes. Continue Reading »

The wake of 2009 leaves the avid investor with some not so shocking realities. Not so shocking because the highs of shocks of 2008 have left some dead, and the ones that are alive have either given up or are still looking for what to do. Some Nigerian investors have committed suicide while some oil barons are currently in mental hospital. In case you are however new to all these and why, then let me do a little education for you.

I know some people that as at this time last year, could value their portfolio in the NSE for example at N200 million. The same stocks valued now are averagely at N50 million. Technically, peoples money currently occupy about 25% of their initial investments. I have also heard of veteran oil magnates and also novices, who the downtrend in the stock market led into oil and gas sales. Due to the sudden bottoming out of oil prices, I have heard of people with debts they may not be able to pay. I gathered as well that the exposure of the banking sector in all these is approaching digits that 10yr olds might call uncountable.

The Stock market has left people with the aftertaste of the proverbial issue that farts in one’s mouth and puts salt in it. You can’t lick the fart and you can spit out the salt. {Oro naa so si ni lenu, o tun buyo si, iso niyi, ko se pon la, iyo niyi ko se tu danu}. Or how do you explain the fact that you put 1 million somewhere and now you have N250,000 there? You’ll be reluctant to sell, hoping it will go up, at the same time you’ll see many opportunities you should use money for, it’s a really confusing state for many. The oil market experienced the bull for a while, then began to bottom out as well. With the headlines making the dailies about real estate, it seems that the crash of that sector from a mortgage point of view is threatened. The exchange rate between the Naira and the dollar is also currently hinging on market forces, electronics and imported product stores have started pricing up, accomodation costs are on the increase. In this midst of this yam pepper scatter scatter {isu ata yana yana}, how can people make money in 2009? If you want to know, then you might be interested. Continue Reading »

It’s almost 2am now, I’m here reminiscing on the events of the last 5 days. It all started on Monday morning at the Mini International Conference of Rhema Chapel International in Ilorin. I had been given an opportunity to speak in 4 sessions by one of the Men of God I love and respect the most – Rev George Adegboye. In case you don’t know Rev. George Adegboye, let me give you a short, yet apt description – He is the only man alive referred to as the Living Bible and Mobile Concordance. I certainly believe that his grace is a special one, or how do you explain that a man can speak for 1hr and continue cross-referencing verses of the scripture with absolute accuracy without mixing it or mincing words. How do you explain when a man reels out from memory what a particular word and references all the other places where the same word can be found all over the bible. Apart from all these, he is also the pastor of my pastor. He’s a man I’ve watched and loved from a distance, so you can imagine how delighted I was, when I heard his invitation to come and speak in his church’s international conference. I was excited.

The past 5 days have been fulfilling, exciting and rewarding for me. I have been a blessing, I have learnt, I have been blessed and I have come to meet a lot more people. Rather than 4 sessions, I was eventually given 5 sessions, and I enjoyed every one of those opportunities. The theme of the conference was, activating the power of God in your life. My focus was activating that power for financial empowerment. God is the one that gives us the power to get wealth,  God wills that we prosper,  He desires that we can achieve all that we want to achieve, He’s the author of our godly desires. All that power to create lies within us and what we need to know is how to activate it. Continue Reading »

There are a lot of things happening at the same time. The financial terrain in Nigeria is witnessing a shaking, like everywhere else in the world. The NSE is not only reporting decline in share prices, the shares are actually illiquid. Just a few minutes ago, I got a call from someone informing me that someone is willing to sell his Oceanic Bank shares at 40k less than today’s market price. I know by experience, that for most of what is on the market, attempting to sell is currently difficult as nobody is buying. This is against the campaign of “buy when the market is low”. Investors have lost confidence in the market, and are not willing to gamble if it will go low or come up anymore. I have my money and the money of a few good friends in this stock market. The key word now is watch and pray, as it’s completely out of our hands for now, and from the look of things, perhaps till the end of first quarter next year.

Against this backdrop, I have been searching around to see opportunities for personal and public rebound. What can people invest in today. What opportunities exist for people to take advantage of. In my search, I discovered a variety of opportunities. Some of them good, some of them perhaps too good to be true, and some of them just ok.  I see myself as having a responsibility of sharing knowledge with my readers that will help them develop and create wealth for themselves. It’s also interesting that the average Nigerian is also experienced in the art of wealth creation, most of the experience has however been bad, and now we have people who complain about the past and are unwilling to try anything new. I say blessed are they who do nothing today, because yesterday’s seed didn’t bring in any results today, they will reap what they  have sown, nothing. Continue Reading »

Some wonders are currently being performed on the Nigerian Stock Market, so the blood flow might be halted for a while, please read this before you take action! So you know the right time to exit. Particularly for speculators.

MARKET UPDATE- EMERGENCY GOVERNMENT INTERVENTION TO BOLSTER THE STOCK MARKET

At the meeting which the Federal Government, the CBN, SEC, NSE and bankers organized in order to restore investor confidence in the nation’s capital market, the following new proposals were agreed namely:

1. Share Price Limits: Daily price fall limited to 1%; Maximum price rise still 5%

Implication: Prices will fall at a slower rate now than before when stock prices could fall by a maximum of 5% in a day. Thus, a stock would have to fall by 5% over a week to have the same effect as before when a stock could fall by as much as 5% in a single trading day. In other words, a stock will have to fall by as much as 1% per day over 5 trading days before it can have the same effect as the previous rule whereby stocks could fall by as much as 5% in a single trading day. Hence, this new rule will bolster the value of share prices on the NSE, prevent severe share price and market declines. Continue Reading »

I’m sure many that will read this are conversant with the reality that whether or not we are conscious of it, we are scribbling history with our daily lives. This was literally done yesterday as we presented some great opportunities to the people that attended a New Nigeria Club organized Investors Forum. I’m going to share with you here, the key highlights and opportunities from that meeting, and a little extra.

We gathered a number of high potential Nigerians together and presented them with some exclusive opportunities. In our own little ways we are making history and these opportunities are extended to you as well, provided you meet the exclusivity requirement. Continue Reading »

“Advertorial: There is an Investors Forum on the 15th of June, 2008 (This Sunday) at the Lagos Travel Inn (Toyin Street Ikeja, before Water Parks) at 2pm sharp. This meeting is free for New Nigeria Club members. We’ll be having as guest the MD Property Consulting Company from Dubai, who will be around to offer a unique property deal to interested investors, we will also be providing information about the New Nigeria Investment Club and other exciting opportunities. To book a sit, kindly send a text to 08033469632 indicating your name and email address. Non New Nigeria Club members will be required to pay N30,000 to attend or attend strictly by invitation.”

“A Property Investment forum will also be holding on the 14th of June, 2008 – 2pm (This Saturday) at Realty Point Ltd Office 3RD FLOOR, ONIGBAGBO HOUSE, BESIDE BOLA MEMORIAL CHURCH, BY ABULE B/STOP, 29 MOBOLAJI BANK ANTHONY WAY, IKEJA, LAGOS.”

A friend walked into my office last week, with only one question in mind – “How can I generate multiple streams of income?” From the way he spoke, he had gotten to that point in life, when what is reasonable to do is cry out for help. I tried as best I could to enumerate some basic steps for creating steady streams of income.

If you are wondering whether or not you need this, you probably aren’t ready, at least not yet. Being an employee often offers one the disadvantage of not thinking about this type of thing for a long time. With a sure salary coming at the end of every month, what’s the use of multiple streams? It will be good that you learn ahead though, particularly as we’ll all stop being employees one day. And if you have not developed extra sources, particularly passive ones for yourself, your later years might not be so rosy. When push comes to shove, your net value is the difference between your inputs and outputs. If we borrow from the bathtub theorem, the water the bathtub retains is a function of how many faucets and how you are plugging the drains.

Key tips to creating multiple streams of income Continue Reading »

Today, history was made. We successfully closed a business deal that will become the biggest business in a particular industry in Africa. I have, by God’s grace been able to close a business deal to be an exclusive business partner for a high profile business for the entirety of Africa. About two months ago, the same deal was closed for almost all of West Africa, but in the course of the last two days in the UAE, we have the whole Africa covered. I’m still steaming from the movie of the secret that I watched, but I can understand the dynamics of our chemistry working, somehow I believe that things have worked so easily because the laws of the universe were in alignment, and God was in control.

In the course of the meeting however, something stood out for me, and made me feel bad about my homeland. I had a meeting with two German guys, we had to move to a number of places so I could see their factory and their sales offices. We moved in between my apartment and their offices and back, so they could drop me off, while they attended another meeting and later come back to pick me. It took almost two hours to come back in their Ford Explorer to pick me up. When they came, we chatted and laughed as we had somehow gotten our chemistry and flowed well together. In the course of our chit chat, they relayed to me an incident that happened in their last meeting. They wanted to close the meeting quickly so they told the person ( a Dubai Citizen), that they had to go back to the hotel to meet with their partners from Nigeria. The person they were meeting, blurted out almost instinctively – “Nigerians? – Be Very Careful!” That’s painful, and really heart renting. Continue Reading »