Moneywise 2: How to set your specific money goals

Chief Dayo Adeneye (D1) World Famous Media On-Air Personality (OAP) turned Politician

 The journey of a
thousand miles
Back in Nigeria after my encounter with my friend in South
, I quickly devoured the four books, which I had left to gather
dust in my study for more than four years. I also listened, many times, to all
the four audio-cassettes that accompanied the books. It was as if my brain was
set on fire. I became agitated when it dawned on me that I had been sitting on
treasure without realizing it.
I had to put a
call through to my friend in desperation. I swallowed all my pride. After all,
when that prodigal son in the Bible repented and went back to his father, he
was received with a royal treat. Surprisingly, too, my friend welcomed me with
open arms and asked me to see him the following Saturday at his
residence, in Lagos.
journey of a thousand miles…
I was there
punctually. After a light breakfast, he led me into his study where we started
the personal tutorial sessions he had agreed to give me every month. From then
on he was going to be my Financial Mentor. The sheer number of books in his
study amazed me. It made my study, which I had always bragged about, pale into
insignificance! There were about twelve large shelves filled with books and
audio-cassettes on a variety of subjects: money, marketing, mind and soul,
management, space science, entrepreneurship, strategy, fiction, non-fiction and
so on.
Where there are
rules, order will be in place. He pulled out an electronically-controlled oval
table with two chairs attached, facing each other, and asked me to sit. He
flagged off the first lesson by asking me to note his rules in my notebook: .
Rule 1: Subsequent
lessons will hold only if there is evidence that I had put into practice what I
learnt in the
lesson.                                                   .
Rule 2: I must not
mention his name anywhere in connection with the millionaires’ capsules. (That
is what he called the lessons he arranged to be giving me). I did as instructed
and assured him I would play by the
His first
questions jolted me a bit: “Are you
serious about becoming a millionaire? What level of wealth are you looking at
and when do you plan to realise it?”
some millions, enough to enable me to acquire the  good things of life and assist those who are
genuinely in need”
, was my careless response after a brief hesitation. 

Wealth is in the
“There are quite
a lot of gaps in your answer”
he said casually as he started the
lesson proper with the title: Wealthy
people always set
money goals

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“My good friend, if you are really serious about
acqumng wealth your first task is to set clear and specific money goals.
Wealthy people don’t set vague goals when it comes to the business of
accumulating wealth. They are clear about the level of wealth they want to
acquire, when they want to acquire it and what they would do to acquire the
level of wealth they desire”.
“Money is like a spirit, a magnet actually, and it
goes usually to the direction of those who know how much of it they want for themselves.
You must set the goal to the minutest details so that when you hit the level of
wealth you desire, it will be impossible for you to miss it. Your money goals
must be so specific that they become almost real in your mind. This is when you
can begin to translate your imagination into reality. The danger of not setting
specific goals for the type of blessing you want is that when the  blessing does come, you may not recognise it.
If you are serious about becoming a millionaire, you
have to be clear about the level of wealth you desire to accumulate and how
much everythirig boils down to daily, weekly, monthly and yearly. How much must
you make in a day, a week, a month, and a year in order to get into the wealth
bracket you want to be in ten years’ time. You have to practically create the
financial future you want now, and work backwards from it with as much clarity
as possible.
is like a spirit, a magnet actually, and it goes usually to the direction of
those who know how much of it they want for themselves. You must set the goal
to the minutest details so that when you hit the level of wealth you desire, it
will be impossible for you to miss it”
If your goal is just to become a millionaire, would
you be comfortable, for instance, if you were able to accumulate N2 million,
which is less than $20,000, let’s say, in three years? If you are comfortable
at this level, then, almost every senior banker in Nigeria is a
multi-millionaire of your standard because we have banks that pay their senior
staff up to Nl0 million per annum. The mistake many people make is that they
think that wealth is measured by the amount of money they have accumulated.
Whereas, wealth, real wealth, is measured in the number of times your stream of
passive income can comfortably take care of your expenses especially after your
working years even if you choose not to work again for a day for the rest of
your life. If you have Nl0 million in your bank account and your expenses gross
Nl0 million, you are still, indeed, a poor person”.
“Enough for today,” my Mentor said as he pulled out
two books from his shelves and handed them over to me. “Take a few minutes and read the pages I marked and let me know your
impression when I come back,”
he said as he dashed out of the study to
attend to a waiting visitor.
Ambiguity is the
greatest sin on the road to financial freedom. The first book he gave me is
entitled: “The Fourth Dimension”, written by Dr. David Yongi Cho, the
Senior Pastor of Yoldo Full Gospel Church, the world’s largest church based in South Seoul, Korea .. It is a
revolutionary book which I recommend to everybody who wants to speedily command
material blessings from the spiritual realm. I have read it more than six times
after that encounter with my Mentor, with fresh insights each time. The portion
I read that day was in the first chapter of the book where Dr. Cho recounts his
ordeal when he desperately wanted God to provide him with a chair, a desk, and
a bicycle. Those things meant a lot to Dr. Cho who had to say this in
“Father, why should a child of the King of kings and
the Lord of lords live without a desk, chair and bed and also walk mile after
mile everyday?”

prayed fervently and ceaselessly for more than twelve months, but
the items he requested from God did not come. It was a big embarrassment to
him. Then, one day, exasperated, the missionary was on the verge of renouncing
his faith when this great spiritual principle was berthed in his heart: “You and all my children beg me, demanding
every kind of request, but you ask in vague terms and that is why I do not
answer. Don’t you know there are dozens of kinds of desks, chairs and
The minister of
God did as he was directed by the Spirit. He asked God for a desk made of Philippine mahogany, a chair made by the
Japanese Mitsubishi company, one with
rollers on the legs; and a bicycle made in the United States with gear
on the side. Few months later the specific things which Dr. Cho requested were
mysteriously delivered to him.
I was still
digesting the second book Retire
Young Retire Rich
by Robert Kiyosaki when my Mentor
returned to the study and gave me two assignments to complete before the next
session. His first assignment was that I should carefully determine what level
of wealth I wanted in ten years’ time. The second one was to take inventory of
all the assets I had no matter how small and determine their worth in monetary
terms. In addition, he said I should put together my liabilities (what I owe)
and put a price to them. Thereafter, I should subtract my liabilities from my
assets (what I own). Whatever was left, according to him, was my net worth. He
encouraged me to carry out the exercise in conjunction with
my wife.
My Mentor gave
me a gentle pat on the back as he accompanied me leisurely out of the study
into the car. I bade him good-bye.
(Excerpts from
the book “THE MILLIONAIRES CAPSULES” by AYO AROWOLO. Read “How to dream your million Naira
into existence”
tomorrow on this blog)

Ayo Arowolo, Publisher The Millionaires’ Capsules