I remember when that first paycheck hit my bank account. It was a dream come true! The things I had wished for suddenly tripled in amount. I needed a new phone. I needed a girlfriend. I needed a car and lastly, I needed a new me.
Then I recalled to mind the words of my Dad, when he handed me the purple book some years ago.
I could not call up a lot from the book, however the words that lingered on in my memory bank was assets and liabilities. Familiar words right? These two words can make you and break you.
An asset is defined as a resource with economic value that an individual, owns or controls hoping that it will provide a future benefit.
However, a liability is what you owe in general. Your expenses sum your liabilities up. In short, assets put money in your pocket, and liabilities take money out!
Examining my balance sheet fully, I realized my liabilities had caught up with the one and only asset I hogged – my salary!
I got a new phone, and moved out of home. But then the expenses kept raining and growing. At work, the words of a lot of network marketers dressed in hospital apparel, jested my eardrums. “Join this network marketing company and we would double your earnings in 3 months” was the tune of music they all played.
Many of the companies demanded sales of their products in return for your revenue. Products whose authenticity could not be certified and guaranteed flaunted the markets with their gowns.
I decided to take the risk and join Savanna Brokerage – a marketing company. Unbeknown to me, it was a huge scam. I lost my capital in the upcoming weeks as the creators hid to share their loot, when the website went offline.
Letting that experience tail by, I started learning how to make clothes under the umbrella of a friend who doubled up as a tailor. The captivity of hospital work made me pay just 2 visits to his place, without imbibing any skill.
To work from home, I created personal accounts on Freelancer, LinkedIn, PeopleperHour, Upwork, Careesma – You name it. With the hopes of pitching up a job, but…the competition out there was a marathon- It was an exercise in futility! In the shell of a snail competing this marathon, I was turned down for every gig I applied for, because someone experienced had already vouched for the job.
Next up, I tried monetizing my blog, which really did not yield much because there was little traffic. Not ending there, I learnt courses in Adobe Ilustrator and PhotoShop just to design one of the top class brochures and logos.
Finally, I signed for Cousera, to study courses in Psychology. But then, these were a drain to my fixed expenses.
I was asphyxiated, torn and at my wits end. The loose knot had so many tight ends. The vibrant ideas in mind, wishing to flourish were stagnant at a standstill. Was I headed in the right direction? Or I was going to be caught up in the Rat Race just like everyone else?
Then I texted my Dad, to help me with financial security. Coming to my aid, he invited me over for lunch one day, and started with these words. “Patience, persistence and perspiration make an unbeatable combination for success.”
I was, and still am amazed at how he was able to raise his 4 boys, build a nice home, marry a beautiful wife and put us through school when he had absolutely nothing to start with.
I was acquainted with the knowledge; the best investment I could make was, in my own abilities. Productivity stemmed from the roots of personal abilities watered with passion. But then, just to start, I had to make God the focal point of my life.
God amazingly has a way, of making a way, when there seems to be no way; creating a thready path in the Rivers of Nile and making a fountain out of a mountain.
Even though things were not working out for me I had to be insistent, never give up and keep fighting on.
I cut down my expenses completely, bought shares, crypto currencies and treasury bills; with the hope my money worked for me.
I have started guest blogging for people just to land myself a paying job out of it. There are times I have been discouraged because it was time wasting and unprofitable. But the words of my Dad lingers on, that I would keep fighting, praying, learning and writing.
No one is born knowing how to save or invest. Sit down and take an honest look at your entire financial situation. You can never take a journey without knowing where you are starting from. You have to figure out what you own and what you owe to know the direction to steer your life.
To be successful, I have to overcome the fear and not pay attention to what others tell me. I would buffet cautions never to invest in businesses I do not fully understand.
I might have made investment mistakes but then, I would not have learnt and grown up if I had not made mistakes.
If you want any articles written for your website, please you can contact me.
I would like to end with an investment quote from an unknown person.
Thanks for reading!