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THE MYTH ABOUT BILLIONAIRES AND A BILLION DOLLARS IN THE BANK ACCOUNT

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Whenever the topic of billionaires are raised and discussed about, the generally accepted view often is that these individuals always possess a huge pile of cash usually in billions in their bank accounts. This idea is ignorantly shared amongst the populace thereby grooming financially unsavvy lots. In this article we would take down this myth in favour of the real reason the ultra-rich are actually referred to as billionaires and how you can grow your wealth to reflect the billionaire status. So before we demystify this, let’s take a glimpse at what a bank account (savings/current) really is. So indeed, a savings account is a form of a deposit account that bears interests on it for the holder albeit at a very modest rate at a bank or other financial institutions. These kinds of accounts are in theory good for keeping short-term cash or emergency funds which means the account possesses high liquidity potential relative to other kinds of savings instruments and investment vehicles. ...
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                                                                 THE 4 STAGES OF WEALTH by Onochie K. Dothan Have you ever wondered what it feels like to own a Turquoise-built Quantum of Solace yacht or a Bombardier Global 6000 luxury jet , or an island in the Caribbean or maybe it’s having $10 million cash in your checking account ready to be splurged. The good news is that your desires can be translated into reality and all you have ever wanted become real. But this can only happen if certain conditions are met. So let’s dive into the stages of wealth so you know where you currently occupy and what you need to do to move up the scale a lot quicker. Now even if you’ve not began this journey and do not currently occupy any of the 4 stages, don’t panic, at least now you’d know what your next s...

FROM 13 FAILED BUSINESSES TO 'FINDING' PATRICIA

So you were happy that BIG BROTHER NAIJA decided to air much earlier in the year as opposed to sometime much later. You could not wait to get to know the housemates and debate over who the better cook is. But then, you happen to hear a conversation about a new sponsor slamming the show with a billion naira Cheque and you are like “whaoooo.” As though that was not enough, you also got to find out that the CEO of the company is a guy like you, way younger. Then you are like “Wait! Wait!! Wait!!! Whas going on here?” Well, let me break it to you; PATRICIA is happening right here. Chances are you got to learn about PATRICIA in a less dramatic fashion than I did. But then again, maybe not it was probably overly dramatic. Either ways, you currently know ‘Her’ to be a big business but do you know the people behind ‘Her’ curtains or who she actually is? Well, I’ll say one thing for sure --- she’s not a woman. Well, not in the anatomical sense, she’s an entity officially known as PATRICIA TECHN...

9 SIGNS TO KNOW IF YOU’LL END UP POOR

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Certainly, in this era there are a lot of articles, books, videos, games, shows and schemes of how to make money and become wealthy. Well, this article is not one of those lot. This piece shows you the opposite . Many of us have this grandeur imagination of striking it rich like the lucky few who struck gold in the California Gold Rush of the early ‘90s but that is just about all they have; a grandeur imagination and no plan whatsoever to achieve this goal. If being wealthy is your aim it should be your priority not some wishful thinking , that way you have control over your circumstance and not handing over your financial health to the good will of others . So if you want to know if you’ll end up in poverty read the list below and be the judge over your own destiny. You’ll end up in poverty if: You resent the rich . Have you ever heard anyone around you say horrible things about rich people? Things like “Rich people are so mean and wicked” or “Rich people are too stingy” or “A...

INSTANT GRATIFICATION - THE SICKNESS OF NOW

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Let’s talk about sports and money, professional Basketball and Money to be precise. Well it’s no news that these players earn massive wages, have fast cars, own mansions and are living the dream. But as Jim Rohn said I think, “Wages makes you a living, Profit makes you a fortune.” Spencer Haywood was one of the darlings of the professional NBA league. He started his professional career in the early ‘70s at the age of 21 after being drafted in the second round of selections. His skills were incredible and it cemented his position as an NBA superstar. Haywood went on to win more than 15 awards in his playing career which spanned 14 years. Amongst those included the ABA Most Valuable Player in 1970, an Olympic gold medal and a Championship with LA Lakers in 1980. During his illustrious career, Haywood played for 6 professional NBA teams and was later in 2015 inducted into the prestigious NBA Hall Of Fame. Everything was going on perfectly, much more than he would ever have though...

THE BIG BREAK MYTH

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S o I heard a story few days ago about a man who has owed his success in the big screen to the mythological goddess of luck. This man was nearing his 40s when being at the right place at the right time turned his life around. Now prior to his life changing event, he wasn’t the best student in class and as a matter of fact he had to drop out of college, married his college sweetheart and moved to another city. He became fascinated with the whole idea of carpentry that he soon took it up as profession. So how did a carpenter end up with several accolades, the Golden Globe Award nominations and then going on to becoming one of the highest paid actors in Hollywood? History has it that one day, as busy and eventful as any other day in the studio can be, a movie director spotted a carpenter trying to make a door on set for the movie being shot and then thought to himself that this young man would have what it took to play the leading role in his movie. So he convinced the young ca...