Is Wealth Creation Luck or Skill?

The answer is ‘Yes’ and ‘No’. I have my reasons. First No, if you don’t have the skills, whatever you acquire by luck in terms of wealth will not last. I’ll also say yes, because when you’ve skills, more opportunities will continue to come your way even by luck. Although, opportunities dance with those who are already on the dancing floor, so get financially intelligent and stop waiting on luck (in Nigerian local parlance, Baba Ijebu).

It is an unfortunate thing that one of the most essential educations that we need in our lives is seriously lacking in our education system…Financial Intelligence, that part of our intelligence that is used in solving money problem. Financial intelligence is missing in the curriculum of our school system, from kindergarten to the university. The worst is that what is taught in our school system about money and its management is grossly against the rules of financial intelligence.

Irrespective of the numerous changes in the rule of money, majority of the world population still live their lives with the 20^th century mentality about money. The society preaches; “Go to school, get good grades and get a secured job that has good retirement plan.” This does not work again in today’s 21^st century economy. Why?

The economy is changing every day. The rule of money is also changing as well. First, there are no more jobs not to talk of secured jobs. Even the so called secured jobs with good retirement benefit cannot fetch you financial freedom. If you don’t know, financial freedom comes with time freedom and this means that you own your life. Money is not your problem. You can buy anything that you desire that money can buy. You can afford to sleep and play around the world from 1^st of January to 31^st of December without working and yet you live your dreamed lifestyle enjoying whatever you desire. This is what I mean by owning your life. You are truly free because you have built a business system which gives you leverage and leverage pays you residual income and residual income makes you free. This is the kind of lifestyle that is only dreamed by many but enjoyed by a few.

Statistics have it that only two percent of the world population is enjoying financial freedom. But the truth is that if you are financially intelligent, the probability of you attaining financial freedom in your lifetime is very high. This explains why so many people will continue to struggle all their life working harder and having very little to show for it. Again, you can acquire financial intelligence and develop your financial IQ in your lifetime. All it takes is commitment, discipline and taking action. If you want to start your journey to improved financial intelligence and subsequent attainment of financial freedom, you will need to join our Ultimate Wealth Creation Mentoring Program (UWCMP)

Want to join UWCMP? Register for our; The Ultimate WealthCreation Plan Webinar or watch the recorded version HERE.

The Ultimate Wealth Creation Plan

With your permission, I challenge you to dump the excuses, make a decision and take action to secure the future you and your family deserve - Now!

Because it's time. Are you ready?

Revealing! How my mentor; Dr. Mrs. Maria Goretti Idigo, built a 7-figure (USD) a year earning home-based business without jeopardizing her job as a medical practitioner, how she taught me how I'm building a 6-figure (USD) a year earning home-based business without jeopardizing my full time job. Now it's your turn!

My mentor and I will show you how you can build your own 6-figure (USD) a year earning exciting home-based business without jeopardizing your job or your current business.

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Creating Multiple Passive Income Streams Made Easier

Imagine it in your mind that creating multiple passive income streams can be easier. Isn’t it awesome? Yes, it is! But, do you want to turn the imagination to a reality? I do, and I know you also do. Great! There you are – I mean those that believe in creating passive income streams dream with me. I remember; the good book says; one can chase one thousand…and two chase ten thousand. What is the difference, you may ask? Do the arithmetic yourself.

Why am I writing this article? Very simple! It is to expose the importance of building passive income generating assets to those that belong to the employee and self-employed quadrants. I remember my dad retiring at 65 after thirty-five years in civil service sometime in 2002, while I was in my second year in the university and all my three siblings were all still in school. He had to take up another job in a smaller corporation. This thought came back to my mind after a “setting your financial goals for 2013” class that I attended in January 2013. It pretty opened my eyes to the importance of having a planned financial life and the major role that passive income can play in one’s life. This prompted me to share my key learning with you; my reader.

In that class, I went into a journey of my past, reflecting on my five years of working in a multinational earning a 7 figure (NGN) monthly paycheck and I discovered that I have no asset to prove for my income. I was working hard earning only active income which I spent as soon as it hit my bank account. Though, I was living fine, busy spending my hard earned income on luxurious liabilities. By the society standard, I am rich and comfortable. It dawned on me that if I don’t make a fast and decisive change, my final terminus at 65 will be the same as my dad. Shocking…isn’t it? At a close look at my friends, I found out that what I am into is a common disease which ember is fanned by our system; the go to school, study hard, make good grades and get a good job with good retirement benefits mantra. What a terrible path to the financial abattoir, it is. Financial freedom which comes with time freedom, a kind of lifestyle dreamed by many but only lived by a few; cannot be possible without financial intelligence. This is an important course for an improved living which unfortunately is missing in the curriculum of our education systems. It is only learned from those who are fortunate to know it. And, thanks goodness, I was in the last Sunday class; facilitated by Deolu Akinyemi, a young multi-millionaire entrepreneur who has taken it as his life purpose to spread the good news of business and financial intelligence. He is Robert Kiyosaki and Dr. Dolf de Roos’s protégé and a multi-award winning ex-corporate slave, who fired his boss after only 7 year journey in the corporate Nigeria, which saw him to the peak of Human Capacity Development department of two multinationals.

To earn extra income, because I am afraid of being short of cash; I thought is the way out of financial misery but I learned that it is not the extra income from the active income that makes the rich to be rich but the passive income that runs into their bank accounts from their numerous passive income streams – their assets. If you dream to retire earlier and rich, you need to start building your asset column by consciously creating assets that will continue to generate passive income for you. The highly coveted secret that makes the rich to get richer is that they spend by budget and they use their cash flow; that is the difference of expenses from income, to acquire assets. Assets can be real estate – rental property, paper investment, automated business, intellectual property or network marketing. Let me put it to you, as the facilitator did to me in the class; if you want to be rich, stop working for money and make money work for you. You may say these are some impossible blabbing from the mouth of a privileged young man who does not know the difficulties faced by many Nigerians. The fact is that what is impossible is what is not in your goal. Let me give you an illustration. If it happens that your apartment catches fire and you with your partner escaped. And you noticed that your six month old baby, who you couple, gave birth to after fifteen years of marriage without a child is still in the apartment, will you have a course to rescue your most priced baby? I guess the answer is yes! Financial intelligence is as important as that baby in that scenario. Just know that if you set your sail, God will send the wind.

On a closing note, let me borrow Dan Kennedy’s words; “you can choose to be unsuccessful, even in your financial life, as long as you depend on people to become successful.” Also, the difference between what you are today and what you will be by December 31^st 2016 will be determined by two major factors; the people you meet and the books you read. You can be part of the UltimateWealth Creation Mentoring Program. The choice is yours. Interested? Be part of the forth-coming pre-qualification webinar tagged; The Ultimate Wealth Creation Plan. It is 100% free and we have limited seat. Reserve yours here.