Tag Archives: wealth

What’s your excuse? Africa’s richest woman, Folorunsho Alakija reveals her secrets to success

by Isi Esene

Africa’s richest woman, Folorunsho Alakija shared her success secret with young people at the University of Lagos yesterday during this year’s United Nations International Youth Day.

The chairman of Famfa Oil told the audience that it takes more than a university education to become successful in business.

“It has not been a rag to riches fairytale  It has not been an overnight phenomenon like some cases which you find here and there all over the world. For as long as I can remember, I had always wanted my own business. Hard work… am trying to tell you how I got to where I am if you want those billions. Hard work, diligence, persistence… days where you nearly gave up but I chose not to give up,” she said.

Alakija told the students how lucky they are to have a university education saying she got to her position in life without having any. But the passion and desire to succeed mainly fuelled her success.

Read more from what the 63-year-old woman had to say:

“It would have been easy to compromise but I chose not to and I stayed focus. I could have stayed a secretary as my father desired according to his plan for me but I had bigger aspirations. I dreamt big. God strengthened me and gave me wisdom. I had a passion and burning desire to succeed. Being a secretary, a banker, a fashion icon, a cooperate promoter and printer, a real estate owner, an oil magnate, that I can assure you was no easy feat. Firm belief that what is worth doing is what doing well or not doing at all. I took charge of my life with the tools I have shared with you.

“All I say to the glory of God. So I am 63 and I am not yet done. So what is your excuse? I never went to a university and I am proud to say so because I don’t think I have done too badly. You do not have to have a university education to be able to make it so count yourselves privileged to have that education as part of the feather in your cap,” she said.

5 signs you’re going to make it big one day

by Ariella Coombs

 

Famous

 

If you’re even thinking about making it big one day, the word “quit” can’t be in your vocabulary. In the end, you don’t succeed because you don’t fail; you succeed because you don’t give up. The second you quit, you’ve lost.

 

We’ve all got dreams of making it ‘big’ one day, but how many of us actually follow through with those dreams? We make excuses for our lack of success, saying things like, “Life got in the way,” or “I can’t handle anymore rejection.”

But not you! You’re on the fast-track to fame and success. Or are you?

Think you’ve got what it takes to make it big? Here are some signs you’re right:

1. You’ve Got A Dream (A Big One!)

What’s your vision? What do you want to accomplish? What are your hopes and dreams? Having a dream – even if it’s a little vague – is crucial for success. Before you can start your journey, you need to have a goal in mind!

In the words of Walt Disney, “If you can dream it, you can do it.” (And before you can do it, you’ve got to dream it!)

2. You’ve Got A Road Map, But You’re Prepared To Take Detours

They say success is where preparation and opportunity meet. So, when opportunity comes ‘a knockin,’ you’re going to want to have your plan already in place. Think of it as your road map to making it big!

What steps do you need to take to get where you want to be? Who do you need to know? What skills do you need to have?

But, let’s be real here, nothing EVER goes exactly according to plan. You need to be able to adapt to whatever life throws at you. Think of those things as detours. They’re not a huge deal as long as you figure out how to get back on the main road!

3. You’re Extremely Curious

You need to have an innate fascination with whatever it is you’re working toward. You’ve got to learn as much as you can about the industry, the people, the culture, and so on. You need to want to be consumed by it. You’ve got to understand the problems and be excited about finding solutions. You’ve got to be passionate, excited, and curious about all areas of the biz.

When Larry King made his debut in radio, he made a point to become consumed in the biz. In addition to doing his own show, he did the weather reports, the sports updates, and the news broadcasts. He even volunteered to fill in in for people who were out sick, and took on double shifts.

Why? He wanted to learn all there was to know about the biz. He wanted to practice. He wanted to be good at what he did. The only way to do that was to explore and go above and beyond what was asked of him. He called it “taking extra batting practice.”

4. You’re A Little Cocky (Just A Little)

If you really want to make it, you’ve got to have confidence in yourself and your abilities. Without confidence, you can so easily get crushed by negativity and criticism – things you will have to deal with once you hit the spotlight.

You have to be confident. You have to trust yourself. And you have to have a deep understanding that you’re going to make it. For actress Jennifer Lawrence, that understanding came at a young age.

“I always knew that I was going to be famous,” she told Vogue magazine. “I honest to God don’t know how else to describe it. I used to lie in bed and wonder: ‘Am I going to be a local TV person? Am I going to be a motivational speaker?’ It wasn’t a vision. But as it’s kind of happening, you have this buried understanding: Of course.”

5. You Realize Failure Is A Minor Setback, Not A Game Changer

If you’re even thinking about making it big one day, the word “quit” can’t be in your vocabulary. In the end, you don’t succeed because you don’t fail; you succeed because you don’t give up. The second you quit, you’ve lost.

Take Michael Jordan, for example. He has a famous quote, “I’ve failed over and over again in my life, and that is why I succeed.” The only reason he succeeded was because he didn’t let those failures discourage him to the point of quitting. Why? Because he realized his failures were only minor setbacks – not game changers.

I guarantee you that everyone you look up to has failed at one point or another, but did that stop them from picking themselves back up and moving forward? No way, Jose. And that’s why they’re successful.

If you’ve got all of these qualities – congratulations. I’m sure we’ll be hearing your name sometime soon!

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Op-ed pieces and contributions are the opinions of the writers only and do not represent the opinions of Y!/YNaija.

Femi Aribisala: Exposing the lies of Nigerian Babalawo pastors

by Femi Aribisala

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 It was also reported that Pastor Matthew used the church’s visa card to buy a timeshare apartment in Florida.  In contravention of British charity law, church payments were made to his private companies which were operated from church premises.

Bishop David Oyedepo says poverty is not of God.  He insists a child of God has no business being poor and declares: “There’s a proven covenant cure for poverty.”  If this were true and proven, all the world’s poor would have become rich Christians by now.

Let us juxtapose the bishop’s enticing words with the word of God and see whose report should be believed.  Jesus says: “You will always have the poor among you.” (John 12:8).  Moses says: “The poor will never cease from the land.” (Deuteronomy 15:11).  So where does that leave Bishop Oyedepo’s “proven covenant cure for poverty?”  It is a pie in the sky.

Wealth transfer

A few years ago, Pastor Matthew Ashimolowo organised a crusade in Port Harcourt, Nigeria captioned “The Coming Wealth Transfer.”  The import of this crusade was to bring to the notice of Nigerians that God was getting ready to transfer the riches of non-Christians to Christians.

You need to ask people like Pastor Matthew how long this wealth transfer will take to come. Ask him why it has not yet taken place in the 2000 years since Jesus came. Ask him if this wealth transfer is likely to take place in your lifetime; otherwise of what interest is it to you? Be cynical when he asks you to make a down-payment for this wealth transfer now, in order to get the one that is coming in the by-and-by.

In the churches, truth has fallen in the pews and falsehood has become the established doctrine.

It is important to get clarity on such issues because some years earlier, officials of the Charity Commission in England detected another wealth transfer in Pastor Matthew’s Kingsway church.  That transfer was not from God to the congregation: it was from the congregation to Pastor Matthew.

Hundreds of thousands of pounds of church funds had been dubiously transferred overseas from Kingsway.  A 120,000 pounds birthday party was given for Pastor Matthew at the expense of the church, out of which 80,000 was used to buy him a Mercedes Benz.  It was also reported that Pastor Matthew used the church’s visa card to buy a timeshare apartment in Florida.  In contravention of British charity law, church payments were made to his private companies which were operated from church premises.

As a result of these irregularities, Kingsway was placed in the hands of receivers, new trustee managers were appointed and Pastor Matthew was asked to repay 200,000 pounds to the church.  The upshot of this was that he relocated temporarily to Nigeria, where he started preaching messages of “Sweat-less Wealth,” “101 Answers to Money Problems,” and “Twenty-Four Hour Miracles.”

Witches and wizards

Some pastors declare that they have the anointing to make people rich.  This makes them no different from “babalawos.”  Jesus says believers should be as wise as serpents. (Matthew 10:16).  Therefore, Christians need to determine exactly where this poverty-eradicating anointing comes from because all our springs must come from the Lord. (Psalm 87:7).

There is no biblical record of Jesus ever making any man financially rich. On the contrary, he sought to make the rich young ruler poor by requiring him to sell all he has and give the proceeds to the poor as a precondition for discipleship. (Matthew 19:21).  He then tells all Christians to do likewise. (Luke 12:33).  Jesus even refused to assist a man in obtaining his rightful share of his family inheritance; telling him instead: “Watch out! Be on your guard against all kinds of greed; a man’s life does not consist in the abundance of his possessions.” (Luke 12:15).

When Pastor Wale Adefarasin became the Lagos State President of the PFN (Pentecostal Fellowship of Nigeria), he declared grandiloquently that his primary goal would be the eradication of poverty in Lagos State. You may well ask how he proposed to do that. This turned out to be nothing more than the usual vain platitude of pastors.  The proverb goes: “Physician, heal yourself.” (Luke 4:23).  To date, Wale Adefarasin has yet to eradicate poverty in his church, Guiding Light Assembly; how much more in Lagos State.

Fake gospel

The preaching of the gospel is not intended to eradicate poverty.  Indeed, the gospel acknowledges the existence of the poor and confers spiritual blessings on them. (Luke 6:20).  Simultaneously, it proclaims woe on the rich. (Luke 6:24-25).  Jesus even warns that it will be virtually impossible for the rich to enter the kingdom of heaven. (Matthew 19:24).  If so, why are pastors presenting the antithesis of the counsel of God as our exalted objective in the service of Christ?

Televangelist Kenneth Copeland insists that: “You can draw on heaven like a magnet.  We don’t have to wait until we get to heaven to get God’s blessings.  Now’s when we need them.”  However, in sharp contrast to this preoccupation with earthly riches in the churches of today, Jesus counsels that we should not lay up treasures for ourselves on earth. (Matthew 6:19).  He says we should go into the world and make disciples of all nations. (Matthew 28:19).  He does not say we should go into the world and make successful businessmen of all nations.

It is in the nature of this world whose prince is Satan to promote poverty.  In the kingdoms of men, a few strategically-placed individuals monopolise a preponderance of the resources ensuring, for instance, that the rap-artist sometimes makes far more money than the heart-surgeon.  Jesus does not prescribe a reform of this unjust world system through the gospel.  But he offers a different kingdom not of this world where spiritual conscientiousness and industriousness will be handsomely rewarded. (Matthew 25:14-30).

Pastors of divination

A pastor friend told me a lady in his church asked him to pray for her so she would get a job.  When she finally got one, he discovered on questioning her that she only earned 15,000 naira a month.  He appealed to me for understanding: “What is she going to do with such a small amount?  How much can she possibly give to the church out of that?”  So he set the church’s prayer-squad back to work to pray for a bigger salary for her in Jesus’ name.  Clearly, his interest in her financial well-being was not unconnected with the amount he expected to be able to extort from her as contribution to his church.

Lola Afolabi was indignant.  She asked: “If a man asks his pastor to pray for the success of his business, will he not pray?”  Lola’s annoyance comes from the fact that in the churches, truth has fallen in the pews and falsehood has become the established doctrine.  We should not presume that our success is always the will of God.  Solomon says: “The prosperity of fools shall destroy them.” (Proverbs 1:32).  Peter’s prayer for Jesus’ success turned out to be devil-inspired. (Matthew 16:22-23).

Therefore, Agur utters in Proverbs a peculiar but far more insightful prayer than those of pastors pretending to have the anointing to make people rich: “Keep falsehood and lies far from me; give me neither poverty nor riches, but give me only my daily bread.  Otherwise, I may have too much and disown you and say, ‘Who is the Lord?’  Or I may become poor and steal, and so dishonour the name of my God.” (Proverbs 30:8-9). 

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Op-ed pieces and contributions are the opinions of the writers only and do not represent the opinions of Y!/YNaija.

You’ll NEVER become rich if you do ANY of these 10 things

by Lifespan

Richard Branson

Without a definite, clearly defined plan, becoming rich will seem like an unbelievable dream. This alone will solidify your excuses for overspending and not saving. As the saying goes, “Those who fail to plan, plan to fail.” 

1. Overspending

If you have a ferocious appetite for spending beyond your means, you’re not alone. According to a survey, of the 52% of people who habitually overspend, many balance the shortfall by taking from their savings, and 22% rely on credit cards. Blowing all your money each month is not a realistic pathway to wealth. Start tracking where your money goes each month, check where you can cut back, and create a ‘realistic’ budget that allows you to pay your bills and invest in a retirement account or an emergency fund.

2. Not Saving Enough

Welcome to the club! The personal savings percentage in the US is a measly 4.9% of disposable income. Saving should become a priority if you want to accumulate wealth. Start with an emergency fund. Once your emergency fund is substantial, you can redirect small amounts toward other goals like purchasing a home or paying for college.

3. You Have Too Much Debt

Certain debts are a precursor to financial success, like purchasing real estate or starting a business; however, a high-interest credit card balance is not. Pay off credit cards with the highest rates first.

4. You Don’t Have a Plan

Without a definite, clearly defined plan, becoming rich will seem like an unbelievable dream. This alone will solidify your excuses for overspending and not saving. As the saying goes, “Those who fail to plan, plan to fail.” Putting together a financial plan may seem tedious, but it doesn’t have to be, and you can get used to it.

5. You Don’t Have an Emergency Fund

Experts say you need at least six months of income saved in case of an emergency. Life is tricky, and not having some type of safety net can turn a comfortable situation into a disaster.

6. You Started Late

Time is slipping by. Just like starting an exercise routine, the most difficult part about saving is getting started. Even if you have debt, a small income, or many expenses, you can save something, even if it’s only a small amount.

7. You Complain Rather Than Commit

“I don’t earn enough money”; “Life is too expensive”; “It’s hopeless, I’ll never get out of debt.” Have you uttered any of these statements before, or perhaps all of them? Old habits die hard; however, as long as you do nothing to change, nothing will change. Stop complaining and making excuses. Instead, take responsibility for your non-productive habits and concentrate on how to change them – and then do it!

8. You Live for Today, and Forget About Tomorrow

It’s no fun getting serious and thinking about retirement and all that stuff. Nonetheless, eventually it has to be done. The problem is that impulsive and unregulated spending leads to debt… period! Do yourself a big favor: Get rid of the ‘buy now, worry later’ attitude, and switch to a ‘save now, get rich later’ way of thinking.

9. Putting All Your Eggs in One Basket

You might get lucky by wagering all your money on one type of investment. Just like you might get lucky winning the lottery. But that’s not a strategy to live by, or for getting rich. Putting all your money in one place is not advised because it puts you at too much risk. Your investment portfolio should include multiple investments with varied levels of risk and ROI potential and liquidity.

10. You Just Don’t Get It!

You may be one of those people who believe that somehow something will come along and save you, so why bother with saving or trying to get out of debt? Maybe you will get lucky and land a fantastic job, receive a big pay raise, inherit money, hit the lottery, or whatever! But ‘whatever’ won’t cut it if you really want to become rich. Yes, life is uncertain. No one knows what will, or will not, actually happen; therefore, why not focus on what you can control today? Get it together now and save yourself, in case someone or something else won’t.

One thing you can be sure of: You are already rich. Think about it. If someone came to you and offered you a million dollars for your arm, would you give it up? Why not, you have two; you can surely spare one of them! Of course the answer would be no! Being rich is more than physical ownership; it’s a state of happiness and well-being, while wishing the same for others. So while you are working on getting rich materially, remember to be happy along the way!

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Read more in LifeSpan

 

Op-ed pieces and contributions are the opinions of the writers only and do not represent the opinions of Y!/YNaija.