The Surprising Strength of Small Investments and Savings
When it comes to building wealth, many of us assume that large sums of money are required to make a significant impact.
However, This couldn’t be further from the truth. The power of small money and wealth lies in its ability to add up over time, making a substantial difference in our financial lives and beyond.
The impact of small, consistent investments
Small, consistent investment can lead to significant wealth over time. This is because of the power of compound interest, which allows our money to grow exponentially.
I am so excited about the testimonies I am receiving from different countries from members of this family. Many of us are doing great exploits in our businesses and private lives.
Lesson of the Day: The Power of Small Money and Wealth
Apart from disaster, poverty is just an acceptance of your status; it’s a state of mind. The church has concentrated so much on testimonies of sudden wealth that we have failed to realize that most wealth we admire was built over time.
Consider this: if you can save 300 naira daily for 10 years, you will have 1.08 million naira. If you save 600 naira daily for 5 years, you will have 1.08 million naira. Saving 1,200 naira daily for 2.5 years will also give you 1.08 million naira. Similarly, saving 2,400 naira daily for 1.25 years (1 year and 3 months) results in 1.08 million naira.
Only about 6% of Nigerians have more than 500,000 naira in their accounts. However, if you multiply 250 naira by 40 people by 20 days by 12 months by 10 years, you get 24,000,000 naira. If you can get 40 people to buy something worth 250 naira every day for 20 days each month for 10 years, you will make 24 million naira. Increase the number to 80 people, and you will make 24 million in 5 years. Selling a 500 naira product or service to 80 people in 2 years will result in a gross turnover of 24 million naira.
Time x small sums x repetition = Great wealth.
Your future is in your mind and hands, not in the hands of demons. Stop blaming your ancestors—you too will become an ancestor with time. Don’t let your children pray against you.
Please look around you. What do you have of sale value, and what service can you render in small units to a large number of people over time? Think about these things and stop giving excuses.
Poor people see reasons why things cannot work instead of how and why they must work. If you think with excuses and an obstructionist mindset, you don’t belong here—unless you change your attitude.
Food for thought.
I remain your friend, Dr. Charles Apoki. You are my responsibility.
