Tag Archives: Money

Adeolu Akinyemi
December 2, 2008

You are on my mind


I’m currently away from Lagos, I have been for the past 3 days. I’m in Ilorin, speaking at the international convention of Rhemma Chapel International for 5 days. It’s a great opportunity for me to be a blessing to about 5000 people in the town where I grew up, it’s also an opportunity to minister side by side a man that I love and respect – Rev George Adegboye (the living and walking Bible and concordance). It’s also been an opportunity to see Fela Durotoye Preach in a church environment, and most importantly a time to spend some time with my parents. It’s however been difficult for me to access the internet as regularly as I want to. I have been itching to connect, and to express, but even now, what I have is little time. What I like you to know, is that you are on my mind, and I’m missing you, all of you.

My mandate here in Ilorin is to bring financial empowerement and enlightenment to Ilorin. I have a God given assignment to raise kingdom financiers, people who will be so rich and so blessed, that the work of God will always be supported anywhere they are. In case you are wondering what the work of God is, it’s simple – the work of God is salvation for the lost, comfort for the broken hearted, good news to the poor, release for prisoners, e.t.c. Continue reading →

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Adeolu Akinyemi
October 21, 2008

The Lure of Easy Money


One of the ills I see in our society is the elevated position money is given. Not money literally though, I don’t have an issue with people being awarded for making money, where I see a problem, is where money is celebrated in our society without any consideration to the source of the money. We celebrate wealth without paying attention to the values that created them – hence we celebrate thieves, fraudsters, and all forms of illegalities. It’s this same craze, that has gotten over our young ones and now, they have moved from online scams to daylight robbery to seeking the help of spirtualists in getting wealth.

I  heard a few stories lately that didn’t go down well with me, and I feel responsible to the public and my readers to educate, inspire and motivate our collectively pushing forward the right values. Money is good only when it’s source is good. Money is good only if gotten from means that add value to others. Good money must leave a value trail. On the surface level, what I just wrote sounds pretty simple, but it’s not.

Story 1.

This might sound to you like a Joke, but I heard it happened for real. A man calls his son, and has the following conversation with him

Father: My son, I have just decided to call you based on an issue that is really disturbing for me. My grandfather died a poor man, my father also was not rich. I am 65yrs old this year, and I’m not rich, you also are beginning to thread a similar path. My son, I don’t know the details of this business deal you are working on, but if by the end of this year, you don’t make money, please come and carry me and use me to do money! Please my son, somebody in our family must make this money! Continue reading →

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Adeolu Akinyemi
October 8, 2008

The Lunch Date


Lunch Date

Lunch Date

There is so much personal development material on the street of daily activity, that it takes not wanting to consciously learn not to grow. In the last few days, I’ve come to see two interesting sides of a coin. That associations can bring good, and they can bring bad. That common meetings with other mortals, or access to the mind of great men via their books, are some of the most life changing events on this planet.

I learnt, that once upon a time, there was a young lawyer who sought help from an older lawyer. The young lawyer was finding it hard to practice litigation, he had no clients, and it wasn’t looking like there was light at the end of his tunnel. The old lawyer had gone through this time as well, but now was a big time popular lawyer who made lots of money from big cases. He begged the big lawyer to give him his small briefs, so at least he also could have some crumbs that fall off the big table. The old lawyer informed him, that there was no small brief – lawyers only know the beginning of a brief, no one knows how big the brief would be. The young lawyer was disappointed that the old lawyer was not helpful, and turned to leave. The old lawyer however stopped him and told him that even though he could give him nothing, he was willing to have lunch date with him at a future date, but would like them to stroll together from his office down about 2km to where they would eat lunch. The young lawyer felt a bit insulted that all he was going to get was lunch, but reluctantly agreed. The set day came and they had the long walk to lunch. 2-3months after this lunch he started getting calls, briefs, and business. His fortune changed and he was so excited, he had a party, and invited the big lawyer to come and see how well he’s doing, even without his help. Continue reading →

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Adeolu Akinyemi
August 27, 2008

NSE- Update. STOP!


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 →

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Adeolu Akinyemi
July 21, 2008

Give Me!


Once upon a time two 13yr old boys decided to each ask their fathers for the key to their father’s brand new BMWs. They met together to agree which of their fathers was nicer, and which loved or cared about them the most. They were in JSS 3, and a lot of their classmates claimed to be able to drive, except them. Some of them also claimed to drive their fathers cars, but not them. It wasn’t good, they thought, they believed that the only way to sort things out, was to ask their fathers.

The first boy, whose name I’ll refer to as Chike, decided to ask his dad as well. He explained to his dad that he wanted to drive his fathers BMW, and that he was feeling very aloof as all his classmates were driving except him. His father laughed heartily and told him to go face his books, that when the time was right, they’ll sit down together and have that conversation again. He went to his room with tears laid eyes, his father had not even given him sufficient attention before dismissing his proposition.

The second boy, whose name I’ll refer to as Segun, asked his father the same question, explaining the issues on ground and how driving this car to school will increase his social standing. The father, being a very understanding father, who understood the value of a social life, decided to indulge him and gave him the car keys. After a lot of struggle… starts stops and sharp movements… he got the hand of how to move the car. In the course of one full day, he scratches the car, steals from his dad to fix it before he finds out, gets to impress and hang out with wrong company, and gets into big time trouble! Continue reading →

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Adeolu Akinyemi
June 10, 2008

Creating Multiple Streams of Income


“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 →

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Adeolu Akinyemi
April 29, 2008

Did You Bury It?


Oh thank God, alas, the note on Google on my site was removed today. My website has been declared harmless once again by Google. It’s been a really long night, but it’s over now, thankfully. A little research I did revealed that it was a flaw on the version of word press that I was using that a popular hacker exploited. He’s been doing it online, so guess my website just moved one more level up in global recognition. For all who stayed with me through the trails, thank you again.

There is a good old bible story that is arguably one of the most popular, it’s called the parable of talents. I’ll be using this as my case study for this particular article, and for the next one as well. The first article we’ll be looking at this together at face value, then the next one, we’ll go deeper into the roots of the parable. It promises to be an exciting journey. The one question I want to ring through your mind as we go through however is, “did you bury it?”

There are two categories of people, the traders and the bury-ers, all of humanity fall somewhere in between this divide, as bury-ers or as traders. So are you a trader or a burier? Are you trading or burying? Well, before you go on into analyzing yourself on the wrong indexes, let’s plunge into this study together first. Continue reading →

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