3 April 2013

MONEY,WEALTH AND COMMON SENSE FOR NIGERIAN SECONDARY SCHOOL STUDENTS

WHAT NIGERIAN SECONDARY SCHOOL STUDENTS SHOULD KNOW ABOUT MONEY,WEALTH AND COMMON SENSE (2)

(FROM A LECTURE DELIVERED AT A SUMMER SCHOOL IN MASON COLLEGE FESTAC)

C.SECRETS TO BEING WEALTHY AND PROSPEROUS

There are three basic secrets that makes those rich, richer. These are:

(a)    Recognition of Seeds Time and Harvest Time

(b)   Distinction between Seeds and Fruits

(c)   Replenishment of the "earth".

Simply put they mean...

(a) SEEDS TIME AND HARVEST TIME

Whatever you sow you reap. The seeds of a rich man is MONEY he invests it.

(b) SEEDS AND FRUITS

Fruits are for eating and seeds are for sowing. The rich man separates his seeds from his fruits. He sows the seeds and eats the fruits. The money you receive even when you are young is also made up of seeds and fruits. Don’t spend all the money your parents give you. Either save them at home or ask them to open a saving account for you. For every money you receive whether it is pocket money or money for your break period first remove a part of it no matter how small and save it whether it is N10 or N100. That is what  rich men do. They are investors while poor men are spenders. Obey God by replanting seeds. Money can be planted. Money is the seed, investment is the tree and profit is the fruit. This is why JEWS always prosper all over the world. The owner of Mega Plaza is Jewish. Also remember that Joseph in Egypt gave seed (not food) to the people to sow on the land (Gen 47 23:24).

Even if you earn salaries, it is the same. Give God your tithe out of your increase (profit) and he will multiply your harvest. If you eat the tithe life will become tight for you. Out of the balance set aside another for investment or for a rainy day.

[caption id="attachment_7849" align="aligncenter" width="500"]MONEY AND COMMON SENSE FOR NIGERIAN SECONDARY SCHOOL STUDENTS you would be wealthier if you stop acting rich[/caption]

(c) REPLENISH  THE EARTH

God said man should multiply and replenish the earth. Out of the balance set aside after paying the tithe, you should support fellow human beings. The poor, the widow. You must also support good causes to make life easier for other human beings, animals, plants, the environment etc.

(d)  OTHER IMPORTANT PRINCIPLES


 (i)Remember  capital is made up of  80% IDEA and 20% CASH. You can start business with whatever you have. Even if you lost your initial capital, don’t be discouraged.

(ii) Have something for sale always – skills, goods or services.

(iii). Sell your personal property only if the cash you will get will be another investment capital.

(D)   PURPOSE OF MONEY AND COMMON SENSE LECTURE

 You might be wondering why we need to teach you money sense at your stages in life. You might be wondering “why do I need this since my parents are still fending for me”. The reasons are not far-fetched. Through this lecture/write-up, we have tried to use the scriptures to inform you that

(i)   There are opportunities that you can make use of even within a poor environment e.g the need for mass transportation and dignified housing in a place like Ajegunle.

(ii)   God is not against rich people but against those who do not use their wealth for the benefit of fellow human beings.

(iII)   God also want those who profit to sow seeds from their venture in His house.

(Iv)    You must start to apply common sense even to the daily or weekly pocket money or termly allowance you take to school.

(v)   Above all, your parents will be happier and grateful to God if you are a child filled with wisdom on how to manage personal and family finances and who gives a helping hand to the Household of God.

(E) QUIZ COMPETITION/GAME ON MONEY END COMMON SENSE

Quiz will cover

(i)    Actual questions from write-up

(ii)   Inferential questions from write-up (answers not directly from write-up but derivable from it).

(iii)    Money instruments, banking and other financial institutions.

(iv)   Other common sense business practices (setting up business, location of business).

(v)   Students Companion (as it relates to money etc).

(vi)     The Bible/ The Quran

(vii)    Economics/Accounting/Commerce/Business Studies.

(viii)   Financial concepts such as prudence, income, interest, expenses, profit, tithe, savings, venture, budget, cash flow, balance, assets, liabilities, investment, stocks & shares, debt, credit, giving, donation, deposit etc.

    Quiz competition shall be a mixture of “Who Wants To Be A Millionaire”?. “Snake and Ladder”, and “Monopoly” games......etc.

EDUPEDIA IS WILLING TO CONDUCT THIS QUIZ COMPETITION FOR ANY SCHOOL AS A PREMIUM-LEVEL SERVICE

Thank you.

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