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

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 »

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 »