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Becoming A Self-Made Millionaire

July 8, 2021

“It is enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” ~ Henry Ford. I want to start by asking and answering a common question people always ask. “Does money make you rich?” The answer is […]

By TRJ

“It is enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” ~ Henry Ford.

I want to start by asking and answering a common question people always ask. “Does money make you rich?” The answer is no. Money alone does not make you rich. We all know people who go to work every day working for money, making more money but fail to become richer. Ironically, many only grow deeper in debt with each naira they earn.

The concept of becoming a self-made millionaire cannot work by sitting in a cubicle, making other people rich. The road to becoming a self-made millionaire is filled with peril, which one can succeed by having dreams and achievable goals of their own. The journey has to begin with the right mindset, networking skills, cash management, patience, persistence, and any other good habits. Generally, people do not realize that achieving this dream involves far more than having a great idea and making it happen. Sometimes, it is not about the money, it is about the passion. In fact, much of the success will have nothing to do with money.

However, this is not to say that money does not play an important role in becoming a self-made millionaire, because it is a well-known fact in modern-day that one needs to spend money to make more money. It is essential to keep in mind that being a millionaire also comes with the responsibility of being an entrepreneur and an investor. There is a great reward when you think outside the box with a realistic end, so as to enjoy the journey as much as the destination. This benefit comes when you develop in a business you have passion for.

Nevertheless, one of the keys to success and how making your money will work for you is through heterogeneity. It can be a good idea to spread your money across different companies, industries, asset types, and markets. This is called Diversification, and it is a great way to help manage risks. You should never depend on a single income and making an investment to create a second source of resources can be beneficial to you. Investing a little here and a little there at different times means that when the market wants to get choppy, you might be able to take a hit without your whole ship sinking.

Furthermore, getting the right assistance is very important when you want to embark on this course, and this is where TRJ Company comes to your help. Buying stocks or investing is not only for the big players alone, anyone can start an investment with our company with as low as N5,000. Putting in a little money and seeing how it moves is a great way to learn about investments and start building up a portfolio. With TRJ Company, you can build your own millions of which we will walk you up through your ladder of success when you invest with us. We are all about investments here.

While not everyone makes financial mistakes, those who do can face years of difficulty trying to get their finances back under control. The more you read good books, have a clear picture, stay optimistic, embrace changes, be more innovative and proactive, educate yourself and make maximum use of your time, you will have your empire in no time.

The most important thing to always keep in mind is hard work and persistence always win in the end. This is not surprising that it was once said that “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you will do things differently.” ~ Warren Buffett. 

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Pay Yourself or Go Broke!

June 24, 2021

You’re probably like, what does that even mean?  First of all, what does it mean to pay yourself? Let’s explain what it means to pay yourself. This is a very important perspective culled from the book ‘The Richest Man in Babylon’.  A lot of times, we tend to see saving as a sort of obligation […]

By TRJ

You’re probably like, what does that even mean? 

First of all, what does it mean to pay yourself? Let’s explain what it means to pay yourself. This is a very important perspective culled from the book ‘The Richest Man in Babylon’. 

A lot of times, we tend to see saving as a sort of obligation or punishment, something that’s really hard to do, but it is not. Saving is simply paying yourself, and here’s how. When you get paid your salary for the month, you begin to pile up a list of things you are going to do with it, like pay rent, go shopping, feeding etc and before you know it, somehow by the end of the month you’re broke once again no matter how much salary you earn, how?!

Here’s how, by purchasing or doing all these things, you are inadvertently paying all these people, you’re paying your landlord with the rent, you’re paying Shoprite with grocery money, you’re paying the Suya man with that your #1000 suya you are buying every week, I see you.

But do you know why you’re broke, after paying all these people? Because you haven’t paid the most important person, YOU. When you earn that salary, before you begin to think about the endless list of people and businesses you’re going to pay with your hard earned money, why not pay yourself first. Whether it’s 10% or as much as 40%, that’s up to you, as long as you are consistently paying yourself you won’t go broke. 

Now that you know why you should save, do you know how to save?

How to Save : Practical Steps to take

  1. Make the basic savings decisions:

First, you need to make up your mind to save. Understand that this is something you are ready to commit to and decide that you’re ready.

After doing that, you need to agree on how much you are willing to save, what percentage of your salary or pocket money, how frequently you will save, will you save from unexpected cash inflow, like a birthday gift of cash, and all that.

  1. Decide on the Savings Platform:

Do you want to save in a bank account you’re not using, open a savings bank account or invest in TCL 4:24 scheme and relax while receiving your monthly returns

Choose the platform you are most comfortable with, as some people are not comfortable with online banks or savings accounts and will prefer bank accounts, so choose whichever fits your ideals.

  1. Cut down your expenses

In order to save, and not end up clearing out your savings to meet your expenses, you need to learn to live on less than you earn. So assume you only earn what is left after you save, so if you’re earning 200k and you save 20k , as far as you are concerned your salary is 180k. 

So plan your expenses according to that number. Cut down in little ways like using less data, not leaving all the lights on in your house when you go to bed to save electricity, buying #1000 suya every Friday instead of #2000, saying no to that event that you don’t really want to go to that you know will finish your money. These little spending cuts may even leave you with some change at the end of the month that can roll over into your savings.

  1. Hold yourself Accountable

It’s easy to be tempted to withdraw from your savings for that birthday party, that Asoebi, that thrift store sale. You’ll return the money later right? My darling, don’t do it, that’s how it starts. We know we’ve all been guilty of it.
So make sure you hold yourself accountable, be disciplined, don’t take from your savings unless it is an emergency or a calculated investment opportunity. Emphasis on calculated not pyramid schemes. 


Respect your savings and invest it.

In Summary, in this life, if you don’t pay yourself first by saving, you will just be going broke monthly and be wondering where all your money went. So Pay yourself, or go broke.

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