The document discusses the importance of money and wealth. It argues that having money is a fundamental human right and that poverty is a curse. It states that anyone can become rich through applying the principles of acquiring wealth, such as earning and keeping more money. Overall, the document promotes the idea that people deserve to be rich and should pursue increasing their wealth.
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The Right to Money: Financial Freedom Through Wealth
1. The Right to Money
THE RIGHT TO MONEY
(Extracted from Ojijo’s The Gift of E11even Moves to Make Me Wealthy!)
Page | 1
Money is good. Having money is a fundamental human right. The social movement that
inspires people to love and acquire money is called the Money Rights Movement also
referred to Silver Rights Movement by visionaries such as John Hope Bryant and Farad
Ali. Money makes life easier. This is a fact. It is glorious to get rich. It takes money to
buy homes, cars, clothes, food and acquire most of the good things in life. Money is
medical costs; vacation expenses; tuition fees; and, yes, dowry and romance. ‘Unless
one has money there is no use in being a charming fellow. Romance is the privilege of the
rich, not the profession of the unemployed. The poor are practical and ordinary.’ Oscar
Wilde wrote. Indeed, money is party for friends and help to the poor and needy.
Margaret Thatcher, the ‘Iron Lady’, who served as the Prime Minister of the United
Kingdom and Leader of the Conservative Party-the only woman to have held either
post-noted that, ‘no one would have remembered the Good Samaritan if he only had good
intentions. He had money as well.’
Poverty is A Curse!
Wallace D. Wattles wrote that, ‘Whatever may be said in praise of poverty, the fact remains
that it is not possible to live a really complete, happy and successful life unless one has
money.’ This is why when God blesses, He gives ‘other’ things, AND material wealth
also. It is neither humble nor stylish to be poor. Some ‘faithfuls’ think that God
inflicts poverty upon His children so that they will live a life of humility. But I do
not have to be broke in order to be humble! Over the centuries, a tradition has
developed within the religions that poverty is God's way for His children. That is a
lie straight from hell! God will never put me in the pit of poverty to make me
humble. God does not work that way. God wants us rich. God wants me rich. Why else
would He create me? To be poor? A true believer cannot be poor.
Many say that they are against the 'prosperity theory'. They say they do not want
anything more than what they need! That is 'selfishness' because they cannot then
share with the ones that need help. Jesus said, ‘feed the poor'. How am I going to feed
the poor if I have just enough to feed myself? Islam commands the faithful to give
alms. How can I give what I do not have? ‘No one can give what he does not personally
possess.’ So penned Benedict XVI. How can I give if what I have is only enough for
me? If I wish to be relevant to the poor, then I will remember the old saying that,
‘the best thing I can do to the poor is not to be one of them.’ This is wholesomely true.
Ralph Waldo Emerson said that, ‘If you would lift me, you must be on a higher ground.’
2. The Right to Money
As George Bernard Shaw, the Irish poet and playwright wrote, ‘lack of money is the root
of all evil’. Even though money is not the key to happiness; the more money I have,
the easier it will be to get the key made.
God said poverty and lack was a curse which was to come upon the people of God
because they failed to keep His commandments and His statutes (Deuteronomy Page | 2
28:15). Poor people experience starvation and are malnourished. They are weak
people; illiterate people; houseless people; beggars; wearing rags; and their life is
not secure when they are old and ill. Poverty means mean more crimes, health
problems, ignorance, etc. Poverty is indeed a curse.
The rich people have plenty of resources on hand. They are able to manage their
industries well. The rich enjoy luxuries and comfort. They are able to provide
sufficient food, clothing and shelter to their people. Their standard of living is high.
Rich people are well educated and are able to contribute to the economy in a
positive way. They are not a burden, but an asset.
Today, I must remove the poverty mentality! God wants me prosperous. I will not let
anyone talk me out of this. Any kind of poverty is bad: material, intellectual,
emotional or spiritual. Every bodily disease is due to bodily poverty: of the blood, of
nutrition, of elimination, of coordination. Money poverty is bad. I do not have to be
a money worshipper to believe that I cannot lead a decent life without income
enough to get me comfortable clothing, wholesome food, a sanitary habitation, and
the saving bits of culture and leisure. It is perfectly right for me to want money
enough to secure a reasonable independence.
Most people are like "dumb, driven cattle," herded by shrewd political bosses. Their
children are stunted, their homes are cramped, their rights are denied them, their
food is poisoned, and they are insulted, despised, pillaged, and swindled, simply
because they are ignorant, they are victims of intellectual poverty; they do not know what
to do. THEY ARE POOR!
Money is the Constant K!
Money is the one factor in life that is constant. We all need money, and what it buys,
whether I am light skinned and you are dark skinned; whether I am young and you
are old; whether I am male and you are female; whether I be tall and you be short;
and whether I am good looking and you, a mean looking guy; we all need money.
Voltaire, the French Enlightenment writer and philosopher famous for his advocacy
of civil liberties, and who produced more than 20,000 letters and more than 2,000
books and pamphlets in almost every literary form including plays, poetry, novels,
essays, historical and scientific works, correctly captured this in his wonderful quote
3. The Right to Money
‘When it is a question of money, everybody is of the same religion.’ Money truly is the
common denominator.
Today, this will be my prayer,
God give me riches! Rich hearts to love mightily, rich brains to think boldly, rich hands to work skillfully, rich bodies' to Page | 3
live wholesomely, riches of culture; of music, of sculpture, of architecture, to keep me out of the bogs of barbarism,
riches of spirit to grasp the majesty of moral laws, and riches of money to secure my personal independence.
I can do without a wife; indeed, I do not have to marry or have children in life. I do not
have to go to college or learn a foreign language, and neither do I need to profess
any religion at all, but I need money. I must have money! Money is power; money
is freedom; money is a cushion. Money is companionship and friendship. The Book
of Proverbs summarises it thus; ‘riches makes many friends, but the poor is separated
from his friends.’ The Italians appreciated the wisdom in this and codified it in their
proverb thus: ‘The rich never have to seek out their relatives’. Money is the sum of all
blessings; indeed, money is the measure of blessings. It is no wonder God’s best
friends have always been very rich and never lacked. King Solomon lavished in
gold, myrrh and fine garments; Ayub had animal and land wealth beyond measure;
and even The Prophet Mohammed, Peace Be Upon Him (PBUH), was prosperous as a
tradesman and skilled negotiator and mediator, never lacking in anything.
Oscar Wilde, the Irish writer, poet, and prominent aesthete said that, ‘when I was young
I used to think that money was the most important thing in life; now that I am old, I know it
is.’ Indeed, even love needs love. It is a wise man who once wrote that, ‘love is not a
necklace, or bumper sticker to be displayed; love must be proved, and it takes money to
express love.’
Money, though not everything is an important part of everything; THE most important
part of everything. William Sommerset, the English playwright, novelist and short
story writer was right, ‘Money is like a sixth sense - and you cannot make use of the other
five without it’. And Pablo Picasso, the great Spanish painter, draughtsman, and
sculptor, understood it, as he wrote, ‘I would like to live as a poor man with lots of
money.’ George Clason wrote that ‘Wealth is power. With wealth many things are
possible.’
Money Gives Financial Freedom!
To be rich is to be financially free. Financial freedom is independence from working for
money. It is that state of being able to sit back, and money comes to sustain me and
my family and dependants. Being rich is hence a state of complete freedom. When I
am rich, I do not have to work, and even if I work, I work because I want to, and not
because I have to. This is called financial independence; financial freedom; and
4. The Right to Money
ultimately, personal freedom and personal independence. This is the reason why
99% of the world population work.
The rich do not feel compelled to work at a job. The more money they have gives them
more options. Mark Cuban says, ‘When you have a lot of money, you can afford to take
chances.’ The rich have the money to do for them the things they want to be done. Page | 4
This leaves them with time in their hands to do the things they love to do, not the
things they do not love doing. Indeed, being rich is to have both money and time.
The rich have both. They live at the top. And my good friend, Kamau Gikuru, once
challenged me that, ‘the top is never crowded, why not be there?’
When I can do the following, then I financially free; I am rich:
1) I can give to help the needy, whether directly or indirectly; as tithe or charity; or
through the church, mosque, temple or any charity organization like Red Cross,
etc.;
2) I own My House, so that I do not have to pay rent every month, or pay mortgage
every so often. I only need to pay home insurance and other taxes, to secure my
house in case of a calamity;
3) I am Saving to Invest in various assets, which earn me income;
4) I Entertain myself and my family every so often, as frequently as I want,
including going for vacations, buying gifts, club membership fees, hobbies, etc;
5) I am able to pay for Education, both personal and for children, including
seminars, talent development programs and education plan etc;
6) I am able to eat nutritious Food prepared on appropriate kitchen appliances and
wares, etc;
7) I have my own means of Transport & Communication, which includes vehicle
insurance;
8) I have presentable Clothes and am able to afford good personal hygiene
standards, including leg wear, sprays, jewellery and bathroom materials, etc;
9) I have standard Household items, including furniture and fixtures;
10) I have an Emergency fund, which will be able to pay for health and life insurance,
since disease can and will strike at anytime; and death, however certain, is always an
emergency.
Having money will give me financial freedom, that dream of financial independence
which is shared by all human beings, but is only lived by 1% of the world’s
population. Henry David Thoreau, the American author, poet, naturalist, tax resister,
development critic, surveyor, historian, philosopher, and leading transcendentalist
rightly noted that, ‘the majority of men lead lives of quiet desperation’. Out of every
hundred people, only one is financially free. Marx Grucho, the American comedian
and film star famed as a master of wit tells about the power of money when he said
that, ‘Money frees me from doing things I dislike.’ Mark Cuban, the American internet
billionaire and owner of the Dallas Mavericks-an NBA basketball team-, owner of
5. The Right to Money
Landmark Theatres, and Chairman of HDNet, an HDTV cable network, says that, ‘I
have the money. I can do what I want, when I want.’ Since the rich have their money
working for them; they have the time to follow other things.
Truly, money gives options. Having money will make me live by the Golden rule as
was declared by 'Buzzie' Bavasi, ‘Those who have the gold make the rules.’ The Jews Page | 5
have a proverb which agrees with Bavasi. It goes thus: ‘with money in your pocket,
you are wise and you are handsome and you sing well, too’. Donald Trump concurs when
he says that, ‘The problem of being very rich is that you can get anything you want.’
Anyone Can Be Rich!
Money is good. I deserve to be rich. Anyone can be rich. There are women who are rich,
and men who are rich. There are single parents who are rich, and married people
who are rich. There are thin people who are rich, and fat people who are rich.
Indeed, there are professionals, be they lawyers, teachers, or engineers, who are
rich, and other professionals in the same trade, who are poor. Yes, there are black
people who are rich, and white people who are rich. Indeed, amongst the residents
of a particular town, city or village, there is a rich person, and of course, a poor
person. All these confirm one important truth; ANYONE CAN BE RICH!
Wallace D. Wattles, the American author, confirms that being rich is a result of certain
actions precisely carried out when he writes that, ‘There is a science of getting rich, and
it is an exact science, like algebra or arithmetic. There are certain laws which govern the
process of acquiring riches, and once these laws are learned and obeyed by anyone, that
person will get rich with mathematical certainty.’ George Clason, the author of the
classical book The Richest Man in Babylon, wrote that; ‘Money is plentiful for those who
understand the simple laws which govern its acquisition.’
Today, I will be perfectly honest to myself with regard to money and to the amount I
want to acquire in life. 'Zig' Ziglar taught that, ‘anyone who says he is not interested in
money will lie about other things as well’. Pretending that I do not care about money
when I really do will only make me unhappy. The old maxim is appropriate, ‘you lie
the loudest when you lie to yourself.’
I will write the amount of money I want to acquire; the date I want to acquire it; and
what I wish to give in return to acquire it. Today, I will think of all the things that I
could do to increase the amount I earn and the amount I keep. Money is an expression
of value, when I create value, the universe naturally reciprocates with money. Thomas
Edison was right when he wrote that, ‘accumulation of money cannot be left to chance,
fortune and good luck. One must realize that all who have accumulated great fortunes first
did a great amount of dreaming, desiring, and planning before they acquired the money’.
Choice, not chance, determines destiny. I agree with Alexander the Great when he
commented that, ‘I am the captain of my ship and the master of my destiny.’
6. The Right to Money
Today, I Will Be Financially Literate & Intelligent!
Financial literacy is the financial knowledge that enables me child to confidently make
informed and effective decisions on how to acquire, manage and use my money. The
knowledge includes both information and experience. I can get this financial information Page | 6
in any of the three ways of getting education, that is, through formal education,
apprenticeship or personal reading and self-coaching; and I have to amass experience and
horn my skills by applying the information I so learn in daily experiences. This mix
of information and experience is what creates true knowledge. Al Maktoum, the
businessman and adventurous Prince of Brunei was precise when he quipped that,
‘we do not become rich by being stupid about money.’ Indeed, as Iwrite in my other book,
Making My Child Financially Intelligent: Money Lessons by Age Grup (from 4-18 years),
‘it is not smart to be stupid about money.’
Financial intelligence is the ability to apply my financial knowledge to maximize my
assets and income and minimize my liabilities and expenses. Intelligence is the gainful
application of knowledge. The Buddhists are right, ‘to know, and not to use, is not yet to
know’. Financial intelligence helps me to understand how financial systems work,
and use them to my advantage to increase the amount of money I earn and keep; to
become rich and financially independent and free. When I am financially intelligent,
I will be able to maximize my assets and minimize my liabilities. The foundation of
financial intelligence, or financial IQ, is education; financial education, also called
financial literacy.
Today I will read about how to make money, how to save money, how to spend
money, and how to invest money to bring more money. I will read about insurance
investing and about special funds for investment. I will feed my mind from
morning to evening with words, pictures, information and ideas consistent with my
goals for financial success. A wonderful book on how to become financially literate
and intelligent is Ojijo’s Making My Child Financially Intelligent: Money Lessons by Age
Group (from 4-18 yrs)
Investing is the key to building wealth, but investing in and of itself is not enough. I
have to invest wisely! I do not need to be a financial expert to invest, but I do need
to learn some basic terminology and concepts so that I am better equipped to make
informed decisions. I MUST learn the various investment vehicles and instruments.
Reading books written by successful investors or reading through investment
websites like Investopedia (www.investopedia.com), are great starting points.
Today, I will read about investment. Investment is the commitment of money or capital
to purchase financial instruments or other assets in order to gain profitable returns
in form of interest, income, or appreciation of the value of the instrument. People
invest because they want to increase their personal freedom, sense of security and
ability to afford the things they want in life. Investing allows us to take the money
7. The Right to Money
we have saved, and grow it, by creating our own financial portfolio. Investing is
about making my money work for me. There are many different ways I can go
about making an investment. Indeed, there are a wide variety of different types of
investment products and new ones are emerging all the time.
Investment is about acquiring assets. Such assets are then used for generating income. Page | 7
Today, I will seek to buy assets. Assets will bring me income.
There are many different ways I can go about making an investment. There are a wide
variety of different types of investment products and new ones are emerging all the
time. These options are referred to as "investment vehicles," or “investment products”,
which is just another way of saying "a way to invest." Each of these investments is
something I purchase or place my money into in return for the interest that is
generated over time and paid back to me. These vehicles are grouped according to
the type of asset invested in. There are nine general categories of such investment
vehicles; and they are divided into three broad categories, namely, Personal
Development/Self-Help; Traditional Assets; and Alternative Assets:
1. Personal Development/Self-Help, which is the greatest form of investment, involves
engaging in activities which enable me to identify & develop my talents and skills;
realize my potential; and achieve my dreams & aspirations so as to enhance the quality
of my life and contribute to the community. Two guides to personal development are
Ojijo’s The Gift of E11even Moves to Make Me Wealthy, which teaches me the eleven areas that I need
to develop to enjoy the complete and wealthy lifestyle, which are health, relationships,
riches/money, career, adventure, happiness, dreams & goals, positive attitude, controlling the
day, helping people and being peaceful); and Ojijo’s Guide to Identify & Develop My Talent, My Profession &
My Career.
The traditional assets/investment products include,
1. Financial Instruments, also called securities, are a real (hard copy) or virtual (electronic)
documents representing a legal agreement/contract involving a monetary value. They
include those which indicate that someone owes me money (Debt Instruments/Bonds), or
that I own part of some business process (Equity Instruments/Shares), or cash investment,
whose values are determined directly by the market (Bank Deposits/Bank Accounts) or
those that which are linked to a specific asset or indicator/variable and are used to trade
financial risks (Financial Derivatives- options, futures, forwards and swaps). A practical book
to read for further knowledge in investing in financial assets is Ojijo’s Guide to Financial
Instruments & Financial Investment.
Alternative Assets, which are assets other than traditional investments (stocks, bonds or cash). A
practical book to read for further knowledge in fixed asset investing is Ojijo’s Guide to Alternative
Investments (Property/Fixed Assets, Insurance, Forex, Private Equity, Collective Investment Schemes, Collectibles &
Commodities). Alternative assets include;
8. The Right to Money
1. Collective Investment Scheme (CIS), is a pool of money from various investors for
investing in various assets. It can be a professional scheme, managed by handled by an
individual, fund manager, group, bank, or company, called investment company, and
such professionally managed schemes can be closed-ended (limited number of shares
issued once), open ended /mutual funds (open for new investors to buy shares). A practical
book for identifying and investing in investment companies is Ojijo’s Guide to Alternative Page | 8
Investments (Property/Fixed Assets, Insurance, Forex, Private Equity, Collective Investment Schemes, Collectibles &
Commodities). Collective Investment Schemes can also be self-managed by the members
pooling the resources together, called investment clubs, which allow members to also
learn and network. A practical book to read for further knowledge in forming, joining
and running an investment club is Ojijo’s Investments Clubs Manual.
2. Property/Fixed Assets, which includes long-term tangible/physical assets (such as
machinery, land, buildings, equipments, vehicles), or intangible/technological asset, which is
a tool, technique, craft, system or method of organization in order to solve a problem or
serve some purpose. Technology Assets can also be in software or computer application
form, in which case they are called Information Technology/IT Assets (commonly referred
to as software).
3. Collectibles, which are objects regarded as being of value or interest, either because they
are old/antiques, or they are specially manufactured to be collectibles, including art,
antiques, coins and stamps;
4. Commodities, which are naturally occurring/raw/primary products, and include
agricultural products, also called soft commodities (soya, grains, vegetables, etc); energy
products (oil, gas, electricity and green energy); base metals (copper, aluminum, iron, etc); and
precious minerals (gold, silver, diamond, uranium, palladium and platinum.
5. Private Equity, which involves injecting working capital to start-up or operating private
companies and owning equity/shares for a period until returns are collected and is done
by venture capital firms, private equity funds or angel investors through leveraged
buyouts, venture capital, growth capital, distressed investments and/or mezzanine
capital;
6. Insurance Assets, which are insurance products that have both a protection as well as an
investment component such as endowment plans, pension plans and investment bonds;
and
7. Forex Investments, involves is trading currencies from different countries against each
other. The foreign exchange market, which is usually known as "forex" or "FX," is the
largest financial market in the world.
It does not matter which method I choose for investing my money, the goal is always to
put my money to work so it earns me an additional profit. Even though this is a
simple idea; it is the most important concept for me to understand.
Each of these investments is something I purchase or place my money into in return for
the interest that is generated over time and paid back to me. These vehicles are
grouped according to the type of asset invested in.
To invest and become rich, I will read about the lifestyles of the rich and how they
make money and invest their money. Success is personal, and so today I will read
9. The Right to Money
the personal accounts of those who are successful! I will watch TV or movies about
those with a lot of money, the rich and extravagant. I will read about them and their
houses and villas; their parties and past time. I will understand their history, their
challenges, their businesses and their investments. I will read Forbes, Barron's, the
Wall Street Journal, the New Yorker, and The Economist. I will watch CNBC, a Page | 9
goldmine of investment information. I will read about their investments and know
their fixed assets and their securities. I will look at where the rich people shop, how
they shop and what they shop. I will read about the well-to-do in the world and in
my country. And as I read about the rich, I will think about how I could be like
them. I will visualize myself, imagine, fantasize, and pretend in my mind, that I am
like the kind of people that I admire and respect and want to be like. ‘To believe in
the heroic makes heroes.’ wrote Benjamin Disraeli.
Being rich is a matter of choice. Being rich is a matter of daily personal choice. With
every dollar that gets into my hands, I have the power to choose to be rich or poor.
If I choose to be rich, I must learn to acquire assets, real assets, not liabilities. Indeed,
every morning when I wake up, I decide to be rich or poor, and act according to that
decision. The poor are escapists, they are broke, they cannot save, they cannot
invest, and they cannot become rich. Raila Amollo Odinga, the Kenyan Prime
Minister who saved the country from the labyrinth of corruption and mass
disillusionment and positioned the country for first world development was right
when he said that the poor are circular in their reasoning, always looking for
someone to blame. According to Raila, and rightly so, the poor will argue thus, ‘we
are poor therefore we cannot save, we cannot save therefore we cannot invest, we cannot
invest therefore we cannot develop, we cannot develop, hence we are poor.’
Today, I have the time, and I can learn. I just need to choose to use my time to learn
about being rich. I need to use my time to read about being rich. I have my mind,
the most powerful tool that I possess and have dominion over. And I have the
power to choose what I put in my brain. I can decide to listen to music or watch
movies, or watch MTN, or read about investing and owning assets.
The poor reading culture about money is why only 1% of the population is rich. I must
join this small percentage that buys books and reads about being rich. Today, I will
read about shares, stocks and stock options. I will read about securities and special
funds. Robert T. Kiyosaki rightly teaches that, ‘readers are leaders, and leaders are
readers’. I will read about investing in fixed assets and securities, including
government securities. If I want to fly an airplane, and land safely, I have to learn how to
fly planes before I get to the cockpit.
Today, I Will Save and Start Acquiring Assets!
10. The Right to Money
How do I start investing money? The key to investing is savings. An effective savings
strategy coupled with a smart investing strategy will help me to meet my financial
goals. Every dollar saved now helps me to control my current consumption by
which the size of the income that I think will be required for retirement is lowered.
Also, through the power of annual compounding, it increases the size of the nest Page | 10
egg I will have for retirement. Saving money is one of the necessary requirements of
building wealth. No matter how much I make, my income must exceed my
expenses if I am ever to build wealth.
Today, out of every amount of money I earn, I will save 10% and invest it. Saving what
I earn is the first step to acquiring assets. In his masterpiece, The Richest Man in
Babylon, George Clason, the soldier, businessman and writer, advises income
earners thus; ‘pay yourself first.’ To save is to pay myself. Savings are used to create
more money, not to pay bills. Benjamin Franklin, one of the Founding Fathers of the
United States and a noted polymath, a leading author and printer, satirist, political
theorist, politician, scientist, inventor, civic activist, statesman, soldier, and diplomat
was right, ‘A penny saved is a penny earned.’ This is one area where the Universal Law
of Accumulation works.
Every large fortune is an accumulation of hundreds and thousands of small amounts of
money. When I begin to save money, it sets up a force field of energy and it triggers
the Universal Law of attraction. Money always works hard to make more money.
Each dollar is a great employee, willing to make even more dollars and more
employees. As a result I begin to attract to me even more bits of money to add to my
savings.
After saving, I will invest my savings. I will first invest, and then use the rest of the
money to satisfy my expenses. The rich buy luxuries last, while the poor buy
luxuries first. The poor buy luxuries to look rich, but in reality, they stink poverty,
debt and arrears. The rich build their assets first, and then they enjoy the returns by
purchasing luxuries. The poor buy luxuries with their own sweat, while the rich buy
luxuries from the dividends and profits coming out of their investments. A true
luxury is the reward of investing.
Today, to start saving for investments, I will live below my means first, and then when
I get rich, I will expand my means. I will aim to spend less money than I make. Paul
Clitheroe, the Australian television presenter, financial analyst and advisor, was
quoted saying that, ‘There are plenty of ways to get ahead. The first is so basic I'm almost
embarrassed to say it: spend less than you earn.’ This is the most fundamental rule of
wealth generation; I should ‘spend less than I earn’, or ‘earn more than I spend.’
To invest is to purchase an asset (something that has value that will produce income or
appreciate in value and when liquidated, will realize more than was spent in acquiring it).
11. The Right to Money
Robert Kiyosaki taught that, ‘to invest is to mind my own business.’ To become rich
and financially secure, I need to mind my own business; I need to invest. I need to
have my own business. Without my own business, I have no financial foundation.
And without financial foundation, I will cling to my job. Without an investment, I
will have to play it safe. Indeed, no matter what I am today, I also need to be an Page | 11
investor. A teacher, and an investor. A lawyer, and an investor. A driver, and an
investor. I must invest. It is the only way to control my financial future, and become
financially free.
Without my own business, my own assets, Robert Toru Kiyosaki warns that I will
always find myself crying, ‘I need a job’, ‘if only I had a promotion’, ‘I am just going back
to school to get more training so I can get a better job’, ‘I need to work overtime’, ‘I plan to
quit, I found a better job’. A job is not secure. When I run short of income, I become
broke, and I have to sell my personal assets, and this is not safe. I should start
minding my own business. I should keep up my daytime job, but start accumulating
assets. These assets will bring me income, and this will make me rich. Then I will be
on the highway to financial freedom.
The only way to be rich is to have assets. King Solomon knew it several millennia ago
when he wrote, ‘the rich man’s strength is in his city’. The rich man’s city is his assets.
The rich do not work for money. The rich work to build assets that will make money
work for them. They protect him from pestilence of poverty. All rich people have
assets. Whether they inherited it, created it, or (God forbid) stole it, they all have
assets. Assets leverage time and effort, so that money comes passively, even when
someone is not working.
To leverage time is to stop exchanging time for money. Today, I will stop exchanging
my time for money, since one day, when it is not possible to change my time for
money, due to emergencies or other reasons, my income will stop.
To leverage my efforts I will stop exchanging my effort for money. Today, I will stop
exchanging my direct effort for income, since when I finally run out of energy, due
to ill health, age or other reasons, then my income will stop, then I will not have
money; then I will be poor.
This is what it means to leverage my time and effort for money. I leverage my effort
and time by making my money to work for me. This is called investment. Investment
is the science of money making money. Investment is the only tested and proven system
which works for the rich.
There are many different ways I can go about making an investment. There are a wide
variety of different types of investment products and new ones are emerging all the
time. These options are referred to as "investment vehicles," which is just another
12. The Right to Money
way of saying "a way to invest." Each of these investments is something I purchase
or place my money into in return for the interest or capital appreciation that is
generated over time and paid back to me. These vehicles are grouped according to
the type of asset invested in.
There are eight general categories of such investment vehicles, based on eight categories of assets as Page | 12
classified below:
€ Self-Investment, which is the greatest form of investment, involves personal development and is
realized through engaging in regular activities to develop myself as a wholesome, complete and
balanced individual. A practical guide to developing these areas of my life is elucidated in Ojijo’s
My Gift of E11even Moves to Make Me Wealthy, which teaches me the eleven areas that I need to
develop and become wealthy. These areas are my personal health, relationships, riches, career,
adventure, happiness, dreams & goals, positive attitude, controlling the day, helping people and being
peaceful).
€ Fixed Assets, which include landed property, real estates and property development. This is done
in the real estate markets. A practical book to read for further knowledge in investing in real
estate is Ojijo’s Guide to Real Estate Investment.
€ Commodities, which are raw or primary products, and include soft commodities, also called
agricultural commodities (soya, grains, vegetables, etc); energy products (oil, gas, electricity and green
energy); base metals, (copper, aluminum, iron, etc); and precious minerals (gold, silver, diamond,
uranium, palladium and platinum). This is done in the commodity markets. A practical book to read
for further knowledge in commodities is Ojijo’s Guide to Commodity Investment.
€ Financial Instruments, also called securities, are a real (hard copy) or virtual (electronic) documents
representing a legal agreement involving some sort of monetary value. They indicate that
someone owes me money (debt instruments), or that I own part of some business process (equity
instruments), or a cash investment, like in bank accounts and money market accounts. They also
include derivatives, (options, futures and swaps) which are instruments whose values are
determined by the expected future price movements of the asset it is linked to. This is done in the
financial markets. A practical book to read for further knowledge in investing in financial
instruments is Ojijo’s Guide to Financial Investments.
€ Collective Investment Schemes (CIS), which are ways of investing money with others to participate
in a wider range of investments than feasible for an individual investor. It can be a professional
scheme, called investment companies (closed-end funds, mutual funds and unit trusts); or it may be
self-managed by the group (investment clubs). The pooling of resources from many investors allows
professional management in the former case and learning and networking in the latter case. This
is done in the financial markets. A practical book to read for further knowledge in forming,
joining and running an investment club is Ojijo’s Investments Clubs Manual, whereas a great book
in identifying and investing in funds, mutual funds and unit trusts is Ojijo’s Guide to Financial
Investments.
€ Insurance Investments, which includes purchasing insurance products which have both a protection
as well as an investment component. This is done in the insurance markets. A practical book to
read for further knowledge in insurance investing and insurance generally; is Ojijo’s Guide to
Insurance & Insurance Investments.
€ Alternative Investments, which include investment products other than traditional investments
such as stocks, bonds or cash. They include private equity, limited partnerships and collectors’
items, including wine, art and antiques. A practical guide to understanding alternative
investments is Ojijo’s Guide to Financial Investments; and Ojijo’s Guide to Entrepreneurship & Raising
Capital.
13. The Right to Money
€ Forex Investments, which is investing in the currency market, involves purchasing, holding and
selling foreign currencies. This is done in the forex markets. A practical guide to understanding
the forex or currency markets and forex investments is Ojijo’s Guide to Forex & Currency
Investments.
It does not matter which method I choose for investing my money, the goal is always to Page | 13
put my money to work so it earns me an additional profit. Even though this is a
simple idea; it is the most important concept for me to understand.
Today, I will start investing in securities, fixed assets, special funds and certain forms of
insurance which act as long term investments and of course, in myself. The more I invest
the more money I will get to re-invest. Robert Kiyosaki says of the power of
investing, ‘I have a problem with too much money. I can't reinvest it fast enough, and
because I reinvest it, more money comes in. Yes, the rich do get richer.’
Today, like the rich, I will invest in mutual funds; stocks and stock options, shares,
notes, royalties, bonds and other forms of government securities. I will ask after and
open a mutual fund for my savings; it pays better than saving in fixed deposit or
saving accounts in a bank, and is more secure. Investing in assets is a business that
does not require me to be physically present, but that is managed or run by other
people. This is what it means to mind my own business. If I have to be there to do
the work, then I have a job or career or profession, not a business. This is the
difference between my business, and my job.
To start acquiring assets today, I will be guided by the enduring words of Martin
Luther King Jnr., the American clergyman, activist and prominent leader in the
African American civil rights movement, who encouraged his faithful to, ‘Take the
first step in faith. You do not have to see whole staircase, just take the first step.’ I should
take time and know that everything takes work and focus.
And when my heart becomes impatient and eager to acquire riches immediately,
following quick fix solutions, or pyramid schemes, I will be reminded of Leonardo
da Vinci, the Italian polymath: painter, sculptor, architect, musician, scientist,
mathematician, engineer, inventor, anatomist, geologist, cartographer, botanist and
writer, who cautioned that, ‘He who wishes to be rich in a day, will be hanged in a year.’
Today, I Will Plan for (Financial) Emergencies!
Life is uncertain and risky, indeed, to the vast populations of the world; life is short,
snappish and very brutal. Tuition fees are elusive and always increasing; hospital
expenses and treatment costs are high and disease can strike anytime. Food prices
are on the roof and adventure and fun is prohibitively expensive. Life is full of
accidents, all of which are hard to pre-determine. The only certain thing in life is death.
Every other thing is uncertain and can occur anytime, even now. Consequently,
most people avoid risks and subsequently fail to change their lifestyles for the
14. The Right to Money
better, accepting their comfortable positions, however unsatisfying; not knowing
that even that ‘comfortable’ status can change anytime, for the worse! There is an
old saying that ‘the only thing that does not change is change itself.’
Life is very uncertain, but should I allow this uncertainty of life to prevent me from
taking risky and daring adventures which have the potential to change my life? No. Page | 14
Helen Keller, the motivational speaker who was also the first blind, deaf and dumb
to obtain a degree, wrote that, ‘life is a daring adventure or nothing at all.’ I will take
precautions, but my life will be lived today, now.
Today, I will secure my life against accidents which might threaten my ability to
provide for my family and loved ones through life insurance. I will get life
insurance.
Today, I will secure the health of my family so that in the unfortunate but very likely
event that disease strikes, my family is secure under medical insurance. I will get
comprehensive health insurance cover.
Today, I will insure my future financial security and children’s education through
education insurance and mutual funds.
Today, I will venture in long term; big time, financial security through mutual funds,
certificates of deposit, treasury bills and bonds so that after some time, I will be able
to have a lump sum to invest in a business of my choice.
The insurance and security in these aspects of my life will enable me to risk and
venture in likely and probable ventures with high potential for returns but which I
would not have ventured into due to the risk and lack of security and certainty.
Today, I Will Think & Act Like an Entrepreneur!
When I have positive, money making thoughts, I will start thinking like an
entrepreneur, I will develop, as Rockefeller said, ‘the art of finding profitable solutions
to problems’. Every successful entrepreneur, every successful businessperson, is the
person who has been able to identify a problem and come up with a solution to it
before somebody else did. Mark Cuban once said that, ‘A useful definition of an
entrepreneur is a dreamer who does.’ Indeed, an entrepreneur does not think of how to
be an entrepreneur, rather, an entrepreneur sees the opportunity to become an
entrepreneur. An entrepreneur sees the gap; the problem; the challenge, and finds a
solution to the same; a profitable solution.
All successful entrepreneurs practice the art of ‘finding a need and filling it’, said Henry
Ross Perot, the American businessman. When he was working for IBM, he noted
that his customers, who were buying IBM computers, needed help in processing
their data. He went to IBM with this idea and they said they were not interested, so
15. The Right to Money
he founded Perot Systems in 1988 and Perot Systems was bought by Dell for $3.9
billion in 2009. He found a need and he filled it. Today, I will seek to find a need
and fill it. Finding a problem and solving it is a rule of entrepreneurs.
A secretary working for a small company began mixing flour with nail varnish in order Page | 15
to white out the mistakes she was making in her typing. Pretty soon, her friends in
the same office asked if she could make some for them. So she began mixing it on
her kitchen table. Then, people in other offices started asking for it, and she
eventually quit her business and worked full time creating what is today called
Liquid Paper. A few years ago, she sold her company to Gillette Corporation for 47
million dollars. Today, I will find a problem and solve it.
When I start thinking like an entrepreneur, I will begin finding solutions to problems. I
will find a way to supply a product or a service better, cheaper, faster and
economically. Clemmons Wilson saw that there was a need for hotels that could
accommodate families that were traveling, and he started Holiday Inns. Have you
heard about Holiday Inns? It is one of the most successful hotel chains in the world.
An entrepreneur is a resourceful person. Today, to become an entrepreneur, I will seek
to be resourceful. I will be a person with imagination, initiative, and fresh ideas.
Because of my many plans, projects and creative ideas, I will feel a kinship with
Victor Hugo, who said, "I need a thousand years to do what I have in mind." An
entrepreneur is ever conscious of the Biblical warning: "Where there is no vision, the
people perish." Likewise, he is fully confident that where there is vision, originality
and resourcefulness on his part, his efforts will ultimately bear fruit. An
entrepreneur agrees with Thomas Edison that, genius is 1% inspiration and 99%
perspiration.
Today, I will also learn about entrepreneurship. To become a successful entrepreneur, I
should know the importance of a business plan, and learn to write one up. The
business plan is the document that states what the business will sell and at what
price, where it will sell, when it will sell it, how it will sell it, how it will obtain the
item to be sold, and the value that it will give to the clients, and to me as the
business owner. Part of the business plan should include market research, to
confirm that if there actually is a need for the product or service I plan on selling.
The plan will also answer whether I have the necessary financial resources to start
the business, and if not, how I intend to raise the money. A practical resource for
understanding business finances is Ojijo’s My Guide to Entreprenuership & Raising
Capital. Indeed, there are two things I must have; that every man must have; money
and ideas. The poor are poor because they have neither ideas, nor money!
Today, to think and act like an entrepreneur, I will need to learn how to write up and
read the three financial statements of a business, namely;
16. The Right to Money
¥ Balance Sheet, which shows on the left side, the assets, and on the right side, the source
of such assets, that is, the debts and the equity of the company.
¥ Cash Flow Statement, which shows exactly when money is coming in, and for what
purpose, being investing, financing and operations.
Page | 16
¥ Income Statement, which shows the revenues, expenses and profits of the company for
a certain period of time.
Today, I Will Create My Money Making System!
To be rich, I must have a money making system. There are four classes of people in the
world. Of these, the rich ones are the ones with the money making system. These are
noted below in The Ojijo Human Freedom Quadrant.
The Ojijo Human Freedom Quadrant
Busy & Broke
No Time; No Money Time; No Money
Employees & Self-Employed Idlers
No Time; Money Free People
Top Executives; Senior Time; Money
Politicians Investors
The first class has neither time nor money. They are busy & broke. They are the small
business owners and the employees. Both work for money and for security. The
employee’s core value is job security. They do all things possible to secure their jobs.
In the end, they give their employers all their time and their effort, and get little
money, leaving them with no time and always broke; for eternity on a rat race. The
self employee’s core value is doing it themselves. They believe they can earn more
that way. They end up working long hours with little rest and almost no time for
their families and other social obligations. They become prisoners of their own self
built cages, and they end up having neither time nor money. I do not want to be like
them.
The second class has time but not money. These are the idlers, and I do not even want
to be associated with them. They do not deserve to take any more space in this
serious book.
Then there are those who have money but no time. This is the third classification of
people. They are the key politicians and the very busy businessmen and top
executives. They have all the money but are constantly busy, left with no time to be
17. The Right to Money
with people. They earn a lot, and are given promotions, but they pay with working
overtime, till late in the night and over weekends. To them, their work is their life.
They receive phone calls at home, they fire and hire employees on holidays, and
their best jokes are about their office work. Who wishes to be like them? Not me.
I want to have both time and money. I deserve time and money. The fourth class of Page | 17
people falls in this category. They are the 1% who have both time and money. They
mind their own businesses. They invest. They look for a problem, and devise way
of solving the problem in such a way that they get paid, and then they
institutionalize the solution into a corporation. They are entrepreneurs. They have
big companies which employ people, and they have their money being invested in
big companies, stocks and shares, bonds, notes and mutual funds; all to bring them
more money. They create a system.
This is The System, the Money Making System. The rich have their money working for
them. Their core value is to create systems through big businesses which bring them
money. The investors are the truly rich. They have both time and money. They have
their money running their organizations and they do not have to be involved even
minutely in the affairs of business. Their core value is freedom. They are few and rare
in public. They live life. And so must I.
To be in this class, I must use money to get money. I must risk my money in the initial
deal, the initial asset. If I am afraid of losing money, I will never make money. Every
rich man has lost money sometime. It is like so in every form of life pursuit. There is
no golfer who never lost a golf ball. All lovers have had a heart break. No child
walked without stumbling and falling. As the Texans wonder, ‘How comes everyone
wants to go to heaven but no one wants to die?’ I wish to remember the invaluable
advice of John Davison, the American oil magnate who founded the Standard Oil
Company, ‘I turned almost every disaster into an opportunity.’ The rich are not afraid to
lose money. They are afraid to lose an opportunity. Most people dream of being rich
but they have never lost money. They will never get to heaven.
Today, I will start my shift from the class of idlers, employees and self employed,
where I work for security and for money, to the class of big business owners and
investors, where my money works for me; where people work for me. Rev. Michael
Beckwith, the African-American, New Thought minister and founder of the Agape
International Spiritual Center in Culver City, California, a New Thought church
with a congregation estimated in excess of 8,000 members encourages me in The
Secret that, ‘you can start with nothing, and out of nothing, out of no way, a way shall be
made’.
My business will start with acquiring the first asset, and slowly an asset will attract
another asset, and more assets. Money has energy of its own and it is largely
attracted to people who treat it well. Money flows toward those people who can use
it in the most productive ways to produce valuable goods and services, and who
18. The Right to Money
can invest it to create employment and opportunities that benefit others. In contrast,
money flows away from those who use it poorly. Money turns to nothingness for
those who spend it in non-productive ways. And when I finally get financial
independence, I will say like Mark Twain, ‘I am opposed to millionaires, but it would be
dangerous to offer me the position.’ Page | 18
Assets are my best bet to be rich. There are six ways of becoming rich, and they all
depend on acquiring assets. To acquire an asset, I can inherit it; marry into it; win it,
through lottery and gambling or games and competitions; borrow it; create it; or God
forbid, steal it. Either way, assets are the answer. And money is the primary asset.
Once a dollar becomes my asset, it becomes my employee. And the best thing about
money is that it is an employee that works twenty-four/seven, all day and all night,
all week and all year long. Money, as my employee, will work infinitely, endlessly,
for generations.
Assets are an avenue to earn more money for me, a source of residual income. Once the
system is created, money will come, after all, ‘money is attracted, not pursued.’ Indeed,
money runs towards more money; and away from where there is little money. Benjamin
Franklin captured this well in his celebrated quote; "money makes money, and the
money that money makes, makes more money."
Today, focusing and minding my own business will give me the purpose to work
harder and become a better employee since the harder I work, the more I earn; and
the more I can invest in my assets. I will work harder so that I can accumulate more
assets within the shortest time. If I want to stop being an employee, I must work harder,
not less. As I invest, I will protect some of my assets by investing in more stable
investments like gold and treasury bonds. I will look to create as much passive
income as I can for myself. I will strive to have investments like real estate, royalties,
inventions, websites, and products, all of which earn money every month.
HOW will I create my money making system today?
…………………………………………………………………………………………..
…………………………………………………………………………………………….
……………………………………………………………………………………………
…………………………………………………….
After investing in, keeping and building my assets, I will be ready to create or join a
system that makes money. This system takes the form of a corporation, a legal
entity, a registered business that will reduce my taxes and organize my money so
that I pay as less taxes and take home as much benefit, legally. A corporation will
wrap its wins around my assets so that when I earn, I spend first before I am taxed,
19. The Right to Money
instead of being taxed before I spend. I will start building a company or I will join a
company as owner or partner. The company is the system.
Once the system is created, money comes easily and frequently. A corporation will be my
pipeline; a system that will bring on-going income such that as long as the ‘water’
flows through, I will be earning. The rich have pipelines, no wonder the saying Page | 19
goes, ‘the rich get richer.’ A corporation is the system which will make it possible for
people to work for me, so that I can leverage off their effort and their time to be rich.
Paul Getty, the American billionaire and industrialist, said ‘I would rather have 1% of
100 people than 100% of my own strength’. An unknown author agrees that, ‘it is better
to train ten people to work for me, than to do the work of ten people, but it is harder’. I need
to do the hard work of building the system today, so that tomorrow, I will just earn.
A corporation is a system that can be inherited by my loved ones so that there is
security in my life and my family, whatever happens. And the Bible says of worldly
possessions, ‘A good man leaves inheritance to his children’. It is a system that can bring
me money even when I retire and stop working. A system that is self sustaining and
that will run without me. With such a system, ‘success will never be final.’
This corporation, this system, allows me to make countless sales, over and over again,
which I would not make if I was working as an individual. It allows me to make
repeat sales, without working anymore, by leveraging my effort and time. And as
Praise George, the Nigerian writer rightly noted, ‘every rich person sells something.’ It
allows me the time to do deals. It frees me from relying on wages, salaries and fees.
In fact, one of the fundamental truths about getting rich is that, ‘wealth comes from
doing deals, not from earning wages, salaries, or fees.’
I need to find a system and join it, a networking system, a company, or an organization.
But I if cannot find one, then I must found one. Hannibal, the Great Military Legend
and Carthaginian military commander and tactician inspired his troops to victory
all the time using his philosophy that, ‘we must find a way, or create one’. I need to
form a company, build an organization, and employ people, so that I have more
hours than ordinarily, and then I can leverage my time and effort, and then I can be
truly financially free.
Today, I will remind myself that if I love my career or job so much, I should let it give
me financial freedom. I should make my business out of it. Roman Abramovich, the
Russian businessman and owner of the private investment company Millhouse
LLC, said of football, ‘I love this game, I love this sport, and I love this league. Why don't
I get my own team?’ and today, he owns Chelsea Football Club.