SHINA PETERS VS JIM OVIA
In 1990, Sir Shina Peters built a house with N20
million naira; the same year Jim Ovia started
Zenith Bank with the same amount.
Today, you and I don't have a room in Shina's
house but I have an account in Jim's bank and
probably you do too.
Shina's house was built in Iju Lagos and remains
there till date.
Jim's bank started in a corner and now has over
500 branches in Nigeria, and many international
branches.
Millions upon millions transact business in Jim's
bank daily.
Shina's house is becoming dilapidated...in 2015,
he SPENT more money to renovate the house and
bought a Nissan Pathfinder with N10
million...additional liability, while in the same
2015, Jim's bank MADE a profit of N105.7 billion.
Zenith bank employs hundreds of thousands, and
feeds their families.
I am NOT in any way trying to disparage the
personality of Sir Shina Peters. He is a great man
in his own right and well respected. I only wish to
demonstrate the difference between an investment
and a liability, and the long term impact of a
single financial decision.
If you buy a car for N20 million today, in 20 years
time, you will be ashamed to drive it. On the other
hand, if you invest that same amount in a
lucrative business or in an asset, It may be worth
billions in 20 years. ( Jim Ovia is now worth $980
million dollars, with the official dollar rate of
N320, that means he is worth N313 BILLION
NAIRA because of an investment of N20 million).
Spend the little money you have today wisely.
Some people driving expensive cars today, are
not aware that they are driving their future and
the future of their children. Some people carrying
iphone7 today, may not be aware that they are
carrying their future.
When you are young, don't spend money. Invest
it.
Every penny in your hand is like a seed, you can
decide to eat it, or sow it. When you sow it, it will
bear much more seeds later in future.
Your earnings will not make rich, no matter how
much you earn. It is your investments that will
make you rich. This is why many top musicians,
celebrities and sportmen yesterday, are broke
today. They think their earnings is wealth, but
once their earnings dry up, their expensive
lifestyle quickly bankrupts them.
On the other hand, investments never dry up.
Whether you are awake or sleeping, retired or
active, your investments keep pouring money into
your account. This is the simple secret why the
rich gets richer. Rich people invest money in
assets. Average people spend money on
liabilities.
Learn this lesson well, and your later years will be
golden.
Join Millionaires Academy today, to learn how
you can start a lucrative business, or expand your
current business. We help young people build their
fortunes tomorrow.
To your Success!
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A lesson to all future business men seun