I wrote a book titled Echo Income. I did a video before now from my regular teachings from this book about different types of money. There is non-living money. That’s the money you use to make furniture, buy dresses, electronics, etc. That kind of money does not grow. There is living money. It is money that grows, money you can invest to reproduce more money. It is sensitive to stimuli. When the economy improves, when you buy shares, stocks can go up— and they can also come down. You have bullish runs and bearish runs. That is living money.
Then there is irresponsible money. Any money you don’t give a task, you don’t give a responsibility, will attract problems to itself. At the end of the day, you will spend it and not know what you spent it on.
Irresponsible money is money you don’t label. Before you get money, label it. Once you label it, because you are godlike, the devil cannot make you squander it — unless you are irresponsible.
Then there is eternal money. Eternal money comes from activities you invested your time, energy, effort, and intellect into — and it keeps bringing money even after you have departed.
The Bible says a righteous man leaves an inheritance for his children’s children. That means your children, and your children’s children, should benefit from your legacy. For some of us, when we depart this earth, we will leave usernames and passwords. Intellectual materials, creative works, investments that can sustain our great-grandchildren, God helping them not to be foolish.
This brings me to the purpose of this video. People who have not made a mark like to compare people.
“This person has more money.”
“This one is more talented.”
“This one is better than this one.”
Some people compared Fela Anikulapo Kuti with a contemporary musician. That was when trouble started. If you want to look for trouble, select your fights. You went to look for the descendants of Fela Anikulapo Kuti — someone who confronted the military, confronted the police, and challenged authority openly. That’s the family you want to provoke?
Seun Kuti came out and said he received $120,000 from his father’s intellectual property — royalties . That is intellectual property still bringing money. Anytime you listen to Fela’s music , his children earn.
$120,000 to one son. Imagine how many children Fela had. Imagine how much reached each of them. And that is apart from Seun’s own work and businesses.
That is eternal money.
My father-in-law still sends money from the grave. There was a portion of land he inherited from his grandfather. A company put something there and they pay rent. Recently they paid ₦12.5 million. My wife received ₦2.5 million. We invested it in another property she inherited from her mother, who inherited it from her grandfather. My children and their children will collect rent from that property.
That is how to live.
Don’t live only for today. Don’t squander money foolishly. Invest in what will bring money perpetually and eternally.
I have about eight bedrooms in my house. One is filled with books. My children are already doing wonders with them.
Some of you come here, “So you’re a content creator?” Mumu. Wetin your papa create? I’m not just a content creator. I’m a legacy creator.
Before criticising and comparing people , create something your children’s children will benefit from.
A righteous man leaves an inheritance for his children’s children. Anybody who does that, even if you don’t like him, has done righteously.
