The money in your head


“Na lie jo!” ”

“All these people are just spreading lies in their magazines to make them more marketable.”

Frank thought out loud. “What is the perfectly prepared new fable?” Ebuka inquired, interested in what his colleague had been so absorbed in reading at the table. Frank, Ebuka, and Tina, in their usual practice, went to have lunch together in the office kitchen. On their way, Frank’s eyes fell on a magazine with this intriguing cover story on Mbah’s table as he stopped to compliment her on her “always special Monday dressing room.” The magazine really looked like a business at his meal. Halfway through reading the intriguing story that had made the cover of the magazine, he had started to proclaim his doubts aloud.

“Abeg, give us the basics,” Tina also called into Frank’s noisy thoughts, her ears eager to know the story.

“Can you imagine? First, it’s even the title of the story that says, ‘A billionaire as a teenager.” So, I felt curious about the gold that the young man had quickly. Only for me to read about this young man who would have made billions from his fish farming and export business. Like, can you imagine? And they expected us to just believe this story. thinks that no one can “explode” (thrive) like that. It’s either that the person has some connection somewhere or uses some kind of charm. Imagine! Regular fish farm at 18. At that age, j ‘was still trying to get into college. Then these people want me to believe that someone’s done a business and already made their billions. If so, a lot of us won’t lose money. years in college. The guy takes advantage of something! “We who have no connections or know where to draw the spell, accept We are just the status quo and we are satisfied with what life gives us “, annoyed Frank to his colleagues who did not hesitate to share his doubts.

Chris, who was sitting at the next table, more amused than interested, interrupted their discussion: “Why are you guys so upset? The young man earns his money whether you believe it or not. I’m pretty sure if he has the same mindset as yours, he will never get out of his creation and make a fortune for himself. Well, before you make me sound like an overly enthusiastic motivational speaker, I’m heading into my office. I just wanted to let go of my own sight before I ran away ”.

Financial independence, they say, is 80% of your mindset and 20% of your knowledge. This implies that if you don’t have a wealth mindset, you cannot use the knowledge (skills) that you have, even when that knowledge can make you rich. A limited wealth mindset fails to recognize the wealth opportunities around the individual nor can that person envision wealth and make plans to achieve that envisioned wealth. It all starts with your state of mind!

“Lola, you have to check out this Instagram provider; she sells amazing stuff, ”Gracie nodded to her coworker who also doubles as a seat mate and office best friend.

“Don’t tell me you’ve started your voracious shopping again. I was received into the office this morning with your lamentation over your mountain of debt, which you do not have the money to pay off at this time.

“Lola, you need to calm down. It’s just a two-tone nude handbag I’m buying. I have two-tone nude heels that were given to me as a gift and I need a matching handbag. That’s all. Moreover, it is only fifteen thousand naira. What is that number compared to the hundreds of thousands of naira I have in debt.

“The little drops,” they say, “form a mighty ocean. Small savings will constantly help you raise a good amount of debt. You cannot continue to be nonchalant about your finances and expect a miracle to fall from the sky. As far as I know you don’t even have an event to attend, so what’s the rush to get that handbag.

“Nawah oh! All this talk because of one purse! Buying this handbag doesn’t mean I won’t pay off my debts ”.

“So tell me, how do you plan to pay off your debts?”

“At the moment, I don’t have a plan. I really hope our company pays us a mid-year bonus or that one of my uncles remembers me and sends me money. i need it so much

deals currently. I don’t see any other way to repay. My monthly income is barely enough to maintain my lifestyle and for my maintenance. I’m sure I should get some more money soon, and I promised myself that I wouldn’t spend a dime; I will devote everything to repaying my debts.

“Interesting! You’re unique! You’re a long way from paying off your debts anytime soon. I’m so sure.

Enough of Gracie. I’m sure we’ve seen part of Gracie’s attitude towards her finances in ourselves or in someone around us. Yours may not have a mountain of debt that you wake up to every morning, you may be neglecting your finances and expecting a knight in shining armor to save you from your financial dilemma and magically takes you to your land of financial fantasies. No one will save you but yourself. Your finance will not take the right direction on its own; you’re pointing it in the right direction. One step at a time is the magic, starting with the basic steps such as creating a budget that suits your lifestyle, allocating a portion of your income to investing, repaying your debts, creating other sources of income, emergency planning, etc. Stability and consistency will keep you on the path to financial abundance; but the question is: are you ready for this?

Ms. Oluwagbemi, a leading chartered accountant, is board certified in family and personal financial planning from the University of Florida, USA.

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