A paper presented by Hon. Remy Chukwunyere at the Youth Conference organized by the Dignity Christian Assembly, Owerri, Imo State, Nigeria.
In this paper, we would be discussing the road to financial freedom. The road to becoming super rich as originally planned by God before the fall of Adam in the garden of Eden. You may have heard some of the concepts I am going to introduce today or you will be hearing them for the very first time. I will appreciate if you would cooperate with me as I will try to make the presentation more participatory so that all of us can discuss the issues I am going to raise.
Basically, I have come to open your eyes to the current trends in the Information Age as opposed to what we used to know in both the old Agrarian and Industrial Ages. In this new age, the idea of hard work does not mean the same thing as it meant in those Ages. In the Information Age, people who work physically the hardest will be paid the least. To be successful in this Age, you must work “smart” instead of working hard.
Again, I will not fail to let you know that our schools are still in the Industrial Age and still prepares students to work hard and seek job security.
So that brings us to this popular question…
What do you want to be when you grow up?
Well, most times the typical answers to this question are usually: I want to be a Doctor, a Lawyer, a Nurse, an Engineer, etc. Do you know why it is usually so? Like I said earlier, our schools are configured to train us for those traditional professions. That is also why, our parents usually advice us to “go to school, study hard, get good grades so that you can get a good, safe and secure job”.
Have you ever received this kind of advice before? They want you to become Doctors, Lawyers, Engineers so that you can get a good job and have job security, where you work for money all your life!
In this discussion, I am going to show you that the richest men and women in the world today do not work for money, instead, people and money work for them. These are the people that enjoy financial freedom because while people and money are working for them, they have time to do things that are important to them such as, having time to be with their families, donating to charities as well as investing in other businesses.
Let me also shock you a little with these revelations. Do you know that it does not take money to make money? Do you also know that it does not take a formal education to make money?
Achieving financial freedom has nothing to do with what you learnt in school. Like I said before, many successful people today such as Thomas Edison of General Electric, Henry Ford of Ford Motors, Bill Gates of Microsoft, Ted Turner of CNN, Steve Jobs of Apple Computers, etc. never had college degrees.
A college degree may be important for traditional professions like Medicine, Law, Engineering, etc but not for how these people got great wealth.
It takes a dream, a lot of determination, a willingness to learn quickly, and the ability to use your God-given potentials properly and to know which sector of the economy you want to earn your income from.
The Cash Flow Quadrant
This simply represents the different methods by which we generate our income or money. There are four quadrants, identified simply as E, S, B and I.
People in the E quadrant dread economic uncertainty and have a strong need for security. They often say, “I’m not that interested in money.” What this really means is that they are not interested in making the life-transforming changes necessary to leave the E-quadrant nest. For them, job security, which may be just an illusion, is often more important than money.
This group includes professionals who spent years in school, such as Doctors, Lawyers, Architects, etc. It also includes small business owners, such as retail shopkeepers, restaurant owners, consultants, therapists, travel agents, car mechanics, plumbers, and hair stylists as well as direct-commission salespeople, such as real estate agents.
Most times, they are hesitant to train other people out of fear that their trainees will end up becoming their competitors some day.
Unlike the perfectionists in the S-quadrant, people in the B-quadrant love to delegate work. You can always hear them say: “Why do it myself when I can hire someone better to do it for me?”
A true business owner can leave his or her business for over a year and return to find it more profitable than before. That is not usually the case with someone in the S-quadrant. When people in the S-quadrant leave their businesses for over a year, chances are there will be no business to return to.
The I-quadrant is the playground of the rich. Regardless of which quadrant people make their money from, if they hope someday to be truly wealthy, they must ultimately move to the I-quadrant, for it is here that money is converted to wealth.
People in this quadrant do not have to work because their money is working for them.
To be continued....
Woooowwww…. this is a beautiful way to start the new year! International recognition for our Chief Operating Officer, Linda Chukwunyere and our organization by two US-based organizations, the Women Thrive Worldwide, and the popular online news magazine Buzzfeed Community.
In a release, entitled: 14 Fierce Women’s Rights Advocates To Watch In 2014, our own Chief Operating Officer, Linda Chukwunyere was ranked number 8 out of the 14 women selected across the world.
Do you know what? She was the only Nigerian considered worthy of this honour….. what a special new year gift?
It was really a surprise package when Women Thrive Worldwide, informed our office about the feature and link to the publication.
For full details of the publication, click here…
We are most grateful to Women Thrive Worldwide for this great honour!
Wooowww….it just came at the right time, the start of a new year! Little did we know that our programs are being recognized by international organizations like Women Thrive Worldwide and Buzzfeed.
By this honour, they have rightly prepared us to do more in 2014 and we hope to expand our projects to the unreached and highly impoverished women and children in the rural communities of Nigeria.
We greatly appreciate all our supporters across the world, for without you, we wouldn’t have achieved the much we have done these years….
We are most grateful and highly encouraged.
Thank you, thank you, thank you!
- AFRYDEF Team
Dear friends, supporters and donors, we hereby announce the launch of our new logo and rebranded website.....
You can have a feel of the new look at www.inspireyouths.org
We thank you for all your supports so far and hope that you would continue to be with us.
Our business still remains "putting smiles on the faces of the poor amongst us!"
God bles all of you in Jesus' name....Amen!
Our Mindsets and Different Thoughts about Money
Most of us have the potentials to generate income from all the four quadrants described above. The quadrant we choose to earn our income from is not too much what we learned in school. It is more of who we are at the core – our core values, strengths, weaknesses and interests.
Some people love being employees, while others hate it. Some love owning companies but do not want to run them. Others love owning companies and also love to run them. Certain people love investing, while others only see the risks of losing money from investments.
According to Bishop David Oyedepo of Living Faith Ministries, in his book, Winning the War against Poverty, “until you change the way you think, you cannot change the way you live. The cause of poverty is more of the mind than it is of the hand. It is more of mentality than it is of activity. As a man thinks in his heart, so is he. The number one cause of poverty is possessing a poor man’s mentality”.
On Investments, Oyedepo said, “those who observe the cloud will not sow, those who study the wind will not reap. Circumstances will not always be favourable but your commitment will subdue circumstances”.
Some people strongly believe that the love of money is evil and that to make excessive profit is greed. They also believe that money is not important to their lives and often say: I’m not that interested in money; I’ll never be rich; I can’t afford it; It is risky to invest money in a business; Money is not everything, etc.
Others believe that it is foolishness to spend your life working for money and to pretend that money was not important. They believe that life is more important than money but that money is important to support life. They have money and people work for them so that they can be free to do the things that are important to them, such as: having lots of time to raise their kids; having money to donate to charities; having time and money to take care of their health; being able to travel around the world with their families, etc.
All these take money and that is why money is important to them but they do not spend their lives working for money.
To be continued...
Dear Supporters and colleagues, please, we urge you to remember Mr. Joe Okiri as you celebrate this year's Easter.
Mr. Joe still needs help to pay his hospital bills and provide him an accommodation that will be more comfortable than the one he enjoyed in the uncompleted building at Akwakuma in Owerri, Imo State, Nigeria.
Full details of Mr. Joe Okiri's story is available at https://www.ammado.com/community/131596
Thank you for donating to help Mr. Joe this Easter!
God bless you in advance...