3. Drinks
Smokes
year 1995
Mass Communication
Exam Malpractice
Foolish
Womanises
Clubs/Parties
Cultist
Wealthy &
Influential
The Money Bag
N100,000 Monthly
Allowance
Extravagant
Keeps up with the joneses
Mr. Jerry Borrows Money
Receives Money from Father
Has a Budget
Has a Savings Goal
Wrong money Mentality Pays debt
Spend the rest on bills
Borrows more moneyMain Idea Father of
James
John
Wise
Delays Gratification
Acquires Assets; Avoids Liabilities
Receives Allowance
1st- God -10%
Each year, Mr Jerry
increases his children's
Allowances by 20%
Prioritizes
Prudent
N100,000 Monthly
Allowance
The Problem Solver
Banking & Finance
Needs before Want
Lends Money to John- 10% Int.
Others- 15% Int.
Savings/Investment- 15%
Right Money Mentality
Keke Business
Multi-level Mkt.
Real Estate
2nd- Self- 20%
3rd- Others- 10%
Last- Spend-60%
Personal Development- 5%
Fast Food
Research
Buy/Sell Info Tutorial
Assignment
4. year 1999 Severe STD
Father of 2 kids from
2 different ladies
James
4 years later
John
N2,050,300
N3,000,500
N103,600
ic
at tm
nuto yme .
A lo
sst
mpA
E
an rer
as ctu
Le
Physical Cash
Other Investments
First Class N1,509,000
5. Now, I am
Unemployed
In debt
Sick
Struggling
Married to 2 women
If i had listened
to John and
practiced what
he taught me...
2 years Later Billionnaire
Fin. Expert
James- 10% Life is Good...
I have paid the
price...
John- 10%
Mr. Jerry died.
Leaving a WILL
James' Children- 30%
John's Children- 30%
Charity- 20%
Held in Trust by
fund Managers
until they are 18
Their Mothers- Monthly Upkeep for their children
6. Identify 5 Similarities
& 10 Differences between James and John
Who would you like to be like?
With the way you are handling your finance, who do you think you will end up like ?
How did james end up?
Why did he end up that way?
What kind of mentality did James have?
Who was Mr Jerry?
Do you think Mr. Jerry Administered shared his estate properly?
if you were Mr Jerry, how would you had administered yours?
Their 3rd year income had been
John's thithe had been
If Mr. Jerry had increased their (James & John)'s monthly allowance
by 30% each year instead of 20%, what would
8. Card What is Money not?
Righteous
Selfless
Currency
Coin
Settlement of Debt
Value/ Power of ANY Tangible
/Intangible Asset that is
acceptable by 2 or more parties
which can be used for:
Exchange for Goods Services
Personal
Family
What is Money?
Who Needs Money?
Sower/Giver
He who Values it
Greedy
Eater
Who Wants Money? Oppressor
Financial Freedom
Kingdom Influence
Why should I make money? Enjoyment
Solving Problems
Now Today
Solving Problems Local
National
Global
Head
Wisdom
Talents/Gifts
Ideas
Living a Debt-Free Life
When do I Need Money?
Short Term
Medium Term
Long Term
Prayer
The WORD
Within 1 Yr
Heart
1-5yrs
Above 5 yrs
The WORD
Passion
Seed
Skills
Hand
Unrighteous
Beggar Where will i find Money?
Which tool do i need
to make money?
The
Anointing
Knowlegde
Wisdom
Opportunity
Choice
Talent / Potential
Discover your Money Personality
Work
Products/Services
Assets
Spender
Saver
Security Concious
People
Make Money
Wrong
Spend it on bills
Make Money
Spend it on Bills
Average
Develop Your Money Mentality
High Flyer
House Opportunity
Environment
Problem
Risk Taker
Pay yourself
Pay God Last
How will i make Money?
Desire it
Discipline yourself
Decide to Make it
Determine to Make it
Make Money
Pay God First
Right
Pay Yourself Next
Spend the Rest
9. Need (Prioritise)
Luxuries
Discover the Guidelines for Wise Spending Is it in your budget?
Do you really need it?
Is the Price Right?
Is the Timing Right?
Differentiate Want
Status Spending
Demand Desire + Ability to pay Gather every Financial Statement/proof
Record all Sources of Income
Create an Expense list
Monitor your Income for a while
Develop a Budget
Fixed
Does it have any Substitute?
Any Major Disadvantage?
Have you researched it?
Does it require expensive keep-up?
Have you compared prices?
Does it compliment with your values/Beliefs?
Will it help you achieve your Purrpose?
Can you afford it presently?
Can it wait?
Categorize your expenses Temporary
Periodic
MAKE MONEY Sum up your Monthly Income/Expenses
Information
Wisdom
Friends
Favour
Acquire Assets
Need before Want
Delay Gratification
Pay Now; Play Later
Discipline yourself
Endure Now; Enjoy Later
Stick to your budget
Sacrifice Today for Tomorrow
Deal with Waste
Experience
Skills
Humility
Energy
Integrity
Foes
Luxries
Avoid Liabilities Pride
Negative Fun
Status Spending
10. Firstfruit
Tithe
Seed Faith
SPIRITUAL Partnership
Vow
Love
Parents
Offering Prophet
Sacrifcial
Welfare
Main Idea INVESTMENT
MENTAL
Salary
Inheritance/ Wealth Transfer
Business
Real Estate
Internet Business
Short & Long Courses
Information Business
Network/ Multi-level Marketing
Stocks
Govt. Bond
Money Market
Mutual Funds
Electronic
Call Deposit
Audio Educational Games
Capital Market
Books
Video
PHYSICAL
Trainings
Conference
Workshop
Seminar
Savings
Fixed Deposit
Treasury Bills
11.
12.
13. A Budget can help you:
1. Put aside money for savings goals.
2. Prepare for regular expenses.
3. Prepare for unexpected expenses
4. Control how you spend money.
5. Reduce stress and increase confidence
6. Provide an excuse to calm excessive
spending
Budget is a tool used for tracking
and monitoring income and
expenses to avoid negative cash
flow.
Why Budget?
1. To determine how
much money you have to
spend
2. To decide how you
want to spend your
money
3. To determine how to
spend money in the
future
4. To learn to live on less
than available income
5. To stay out of financial
trouble
Dangers of not using a budget
1. No idea where money went
2. Bad spending habits are unidentified
3. Unprepared for emergencies
4. Strained relationships
5. Lack of savings plan
6. Wasted money
7. Stress