Emenike Egu

A NIGERIAN LESSON ON INVESTING

In 1990, Shina Peters built a house with N20 million naira; the same year Jim Ovia started Zenith Bank with the same amount.

Today, you and I don't have a room in Shina's house but I have an account in Jim's bank and probably you do too.

Shina's house was built in Iju Lagos and remains there till date.

Jim's bank started in a corner and now has over 500 branches in Nigeria, and many international branches.

Millions upon millions transact business in Jim's bank daily.

Shina's house is becoming dilapidated...in 2015, he SPENT more money to renovate the house and bought a Nissan Pathfinder with N10 million...additional liability, while in the same 2015, Jim's bank MADE a profit of N105.7 billion.

Zenith bank employs hundreds of thousands, and feeds their families.

This is the difference between Assets and Liability. If you buy a car for N20 million today, in 20 years time, you will be ashamed to drive it.

On the other hand, if you invest that same amount in a lucrative business or in an asset, It may be worth billions in 20 years. ( Jim Ovia is now worth $980 million dollars, with the official dollar rate of N320, that means he is worth N313 BILLION NAIRA because of an investment of N20 million).

Spend the little money you have today wisely. Some people driving expensive cars today, are not aware that they are driving their future and the future of their children.

Some people carrying iphone7 today, may not be aware that they are carrying their future.
When you are young, don't spend money. Invest it.

Every penny in your hand is like a seed, you can decide to eat it, or sow it. When you sow it, it will bear much more seeds later in future.

THINK TWICE AND SPEND WISELY.

Shout out to my newest followers! Excited to have you onboard! S M Ali Zihad, Ruel Rosero, Badeth Magbago, DebiRanjan Mondal Shobuj

A graduate in Biology was having difficulty in finding a job. He saw an advert in one of the daily newspapers for a job at a zoo.🗞️👀

In the interview, the manager told him that their gorilla🦍, which had been a tourists attraction has died so they needed someone to dress up and pretend as a gorilla🦍.

The graduate was embarrassed, but since the salary was okay, he accepted the job. The first day, he put on the gorilla skin and entered the cage, he started jumping up and down, beating his chest and roared like a gorilla.

The next day, he put on a gorilla skin and started moving around the zoo again and mistakenly entered another cage and found himself staring at a lion🦁. The lion roared and rushed towards him.

The scared graduate quickly forgot that he is a gorilla and started shouting like a human, 🗣️"Help! Help!" The lion leaped onto him, knocked him to the ground and whispered in his ear👂*Dennis*, it's me Mike, your course mate."

My brother, No job in this country, Infact that crocodile🐊 in that water is not a crocodilie, it is John 😂😂😂😂


Emenike Egu
Do have a blessed New week beloved 🥰 ❤️

Few Reasons Why Reading Books Should Be Part of Your Life:
1. Knowledge Highway: Books offer a vast reservoir of knowledge on virtually any topic imaginable. Dive deep into history, science, philosophy, or explore new hobbies and interests.
2. Enhanced Vocabulary: Regular reading exposes you to a wider range of vocabulary, improving your communication skills and comprehension.
3. Memory Boost: Studies suggest that reading can help sharpen your memory and cognitive function, keeping your mind active and engaged.
4. Stress Reduction: Curling up with a good book can be a form of mental escape, offering a temporary reprieve from daily anxieties and a chance to unwind.
5. Improved Focus and Concentration: In today's fast-paced world filled with distractions, reading strengthens your ability to focus and concentrate for extended periods.
6. Empathy and Perspective: Stepping into the shoes of fictional characters allows you to develop empathy and gain a deeper understanding of different perspectives.
7. Enhanced Creativity: Reading exposes you to new ideas and thought processes, potentially sparking your own creativity and problem-solving skills.
8. Stronger Writing Skills: Immersing yourself in well-written prose can improve your writing style, sentence structure, and overall communication clarity.
9. Improved Sleep Quality: Swap screen time for a book before bed. The calming nature of reading can help you relax and unwind, promoting better sleep quality.

There's room for improvement, it's a matter of understanding, teamwork and collective responsibility.🥰👌

I've just reached 200 followers! Thank you for continuing support. I could never have made it without each and every one of you. 🙏🤗🎉