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This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 6:43am On May 14, 2020 |
Typing... 8 Likes 6 Shares |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 6:44am On May 14, 2020 |
Written by Joé Cléf, 2020. 23 Likes 3 Shares |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by bigiyaro(m): 6:47am On May 14, 2020 |
can I get the compressed edition of this epistle? 1 Like |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 6:51am On May 14, 2020 |
bigiyaro: Come back 5 years later for it. 3 Likes |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by Stephenomozzy(m): 6:54am On May 14, 2020 |
This is a very insightful composition Sir. I'm currently working with money management account, and it has really been a good money discipline tool. good job |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by gfon(m): 6:59am On May 14, 2020 |
Haters would always hate,but the truth is that this guy has got wisdom. Funny thing is most of this haters wuld apply this advice to thier lives but still come online to spew thrash. More grease to your elbow man 13 Likes |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by WalkerMichael(m): 7:06am On May 14, 2020 |
Thank you brother! Golden piece 1 Like |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by Elite14(m): 7:11am On May 14, 2020 |
iLegendd:God bless you plenty boss! Thank God i met you in the early stage of my life you ve impact me alot Bless up more bro. 3 Likes |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 7:30am On May 14, 2020 |
Extra Info: I always see threads in the business section with the title, "I Have 1 Million Naira, Please, Suggest a Business I Should Invest It On." Please, don't be one of these people. Don't invest all your money yet. Draw a money management plan first and open all the accounts you need and distribute it. At the end, invest just 200k in a proven business and 50k in a risky business. If they both fail, don't worry. Try again or keep saving for another 1 year. When you have a master plan on money management like the one above, you don't need to worry about failures. Why? A story for another day. Money Management Accounts TIN SCHWARS 1. Till Death Do Us Path Account 10% Zenith Bank Site: https://www.zenithbank.com/ 2. Invest Me Account 20% First Bank Site: https://www.firstbanknigeria.com/ 3. Necessity Account 20% Ecobank https://ecobank.com/ 4. Self-improvement Account 5% Access Bank Site: https://www.accessbankplc.com/ 5. Charity/Tithe Account 10% Unity Bank Site: https://www.unitybankng.com/ 6. Health Emergency Account 5% Union Bank Site: https://www.unionbankng.com/ 7. Wayward Account 10% GT Bank Site: https://www.gtbank.com/ 8. Augmenter Account 5% FCMB Site: https://www.fcmb.com/ 9. Relative Account 10% UBA Main Site: https://www.ubagroup.com/ 10. Small "Invest Me" Account 5% Fidelity Bank Site: https://www.fidelitybank.ng/ 2 Likes 1 Share |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by grandstar(m): 7:41am On May 14, 2020 |
iLegendd As good as your plan is, there is one major defect: the volatility of the Naira. The Naira as a currency will continue to depreciate, making m8ncement of any savings in the long run. Imagine someone who has 500,000 in his account in 2013. That money then was about $3100. Today, that money is worth only $1,150. You will need to fund a way to secure the real value of your money. 2 Likes 1 Share |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 7:56am On May 14, 2020 |
grandstar: That's true. The first account will be a domiciliary account since it's the only one that'll probably not be touched for years. 1 Like |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 8:21am On May 14, 2020 |
Stephenomozzy: Great to hear. Keep it up. 1 Like |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 8:23am On May 14, 2020 |
gfon: You're always welcome. Well appreciated. |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 8:23am On May 14, 2020 |
WalkerMichael: You're welcome. More coming in the future. |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 8:24am On May 14, 2020 |
Elite14: You're welcome, Elite. 1 Like |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by Marvog(m): 8:38am On May 14, 2020 |
Wow A master piece from the master. This write up is properly seasoned with wisdom. Thanks Sir 1 Like |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by Nobody: 8:51am On May 14, 2020 |
Nice one very intelligent one from Mr legend.. this write up is really inspiring to manage thing better .. stop given me photos of food or we go fight again.copy and saved I need to be reading this every week because I got problems with money management. Mr legend thank you once again. 1 Like |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by ChewingStick(m): 11:10am On May 14, 2020 |
... typing |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by Bornfool(m): 11:33am On May 14, 2020 |
Too much excess knowledge bro have never come across this money management skill in my life 1 Like |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 1:10pm On May 14, 2020 |
More Info I always tell people I'm stingy, but in truth, I'm not — it's just a defensive mechanism to avoid being used. Now, this is the best way to avoid being used. As you can see above, there are 10 accounts and each has a purpose. Let's take Charity/Tithe. If you've given out all the money in your Charity account and someone you don't know comes to beg you for money, your reply should be, "I don't have. If I have, I would've given to you." If the person is a family member or a friend you know, you'll look into your Relative Account and if there is money inside that account, you give some to him or her, but if there is none, you reply with, "I don't have a Kobo, but let's see how next month will look like." When you do this, you're being honest to them and at the same time, you can never he broke even though that particular account has made you broke. This method takes away financial burdens off your shoulder and gives you the kind of money management skill 99% of the world's population will never have. If someone without this skill is given 1 million and you were given 200k, in 2 years, you'll be better than the man that was given 1 million Naira. So, to be rich, it's not about how much you get, but how you manage it and make it multiply. To be wealthy, it's not only about how you manage it alone, but how many sources of passive income you have and how you "finally" manage them. So, the two things here are 1. Riches 2. Wealth With riches, all you need is the above money management skill, but to be wealthy, you need the method above + different sources of passive income using BAYUBARS Method or any other method you can find. For BAYURBARS, read about it here https://www.nairaland.com/5319181/bayubars-method 9 Likes 1 Share |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by talk2razaq: 1:13pm On May 14, 2020 |
Too much wisdom bro. Keep it coming! 1 Like |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by Yemialade(f): 3:47pm On May 14, 2020 |
You are a true legend,thanks for this post. my question is if i want to invest in stock,bonds,which account will i take it from. 2)about relative/friend account,my own father is someone who must not see money in your hand,he will help u spend it finish.as a child,how wil i tell him i dont have. |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 3:52pm On May 14, 2020 |
Yemialade: I'm not deep into stock and bonds at the moment, so I can't say anything on that. For your father, if the Relative Account is empty, tell him you don't have. It's as simple as ABC. To survive this life, you must learn to say your mind without feeling much pity. 5 Likes |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by Nobody: 3:53pm On May 14, 2020 |
Awesome piece, I must say. I've learnt today. |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 4:18pm On May 14, 2020 |
If you like this post, you'll definitely love this one below. It's for men and it's about getting the right woman 99% of men do not know about and that's why they end up with the wrong woman. Read it and stay ahead of your peers. Link: https://www.nairaland.com/5848183/ |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by Dbeautyy(m): 5:33pm On May 14, 2020 |
You have shone light on others path, may your path keep shining. 2 Likes |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by iLegendd(m): 5:50pm On May 14, 2020 |
Dbeautyy: Amen! |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by edochie12: 6:27pm On May 14, 2020 |
Legend man,keep it up,I will look into it,thanks for the write ups |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by Nobody: 6:54pm On May 14, 2020 |
Good piece. 1 Like |
Re: This Is the Reason I Make Progress and the Reason You Don't [Picture] by Virgo01(m): 7:09pm On May 14, 2020 |
This is absolutely great! Thanks Ilegendd. You've been a blessing to me. I would share why sometime later and it's big! 1 Like |
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