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PBS organized A Retreat and Training for Youths at Gethsemane Resource And Trainings. The Retreat was a one day event April[...]
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PBS facilitated a month (four weekends) training for the staff of Nemel Pharmaceutical on Saturday 16 February - Saturday 16 March 2013. The focus [...]
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Plan To Be Wealthy
Success in any area of life starts with a very clear vision of where you are going. If you do not know exactly where you are going, it is difficult to assemble what you need to get there. Similarly to achieve financial freedom you need to clearly understand where you are going and what you need to get there.
Smart Financial Vision:
To develop a smart financial vision you need to understand the following concepts: Financial Freedom, Asset And Liabilities, Active And Passive Income, Time Value of Money, Four Income Squares, Four Wealth Quadrants, and the connection between Savings And Wealth.
If you have a clear vision of where you are going with your finances, through your financial vision, the next step is to develop your resource plan. As human beings our desires are limitless. Unfortunately the resources we have to satisfy the deisres are limited. It is therefore critical that we learn how to make smart chioces from our limitless desires and allocate our limited resources smartly in order to satify the most important desires in our lives. This is what planning is all about.
Smart Resource Planning:
The three most important resources you need to be smart about are: your time, your savings and your skills.
The good news is that we all have the same amount of time. Every human being has 24 hours in a day. We cannot store it, we cannot stretch it. At the end of the day it is all gone and we start the next day with a new supply of 24 hours for everybody. Yet some people are able to use their 24 hours to build wealth while others use their 24 hours to build debt.
Speaking of planning your time, did you know that reserving just 2 hours a day which you dediccate towards efforts to become financially free is equivalent to 25% of normal working hours. This translates to 3 months in a year which in turn translates to 1 whole year in 4 years which you havae dedicated to attaining financial freedom.
The bad news is that we do not all have the same amount of money. However the little savings you have if managed properly can make unimaginable difference. If you understnad the tremendous power of the compound growth of money, you will build tremendous wealth in your life using only your present income. If you are not able to save money we can show you how to sart saving money no matter your current income level and commitments.
Your skill determines how valuable your time is. Given the same amount of time, a person with skills as real estate investor will probably build more wealth than a person whose only skills are as a college Professor or office assistant all other thing being equal.
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The presentation was greatly informative and the in-depth practical demonstrations.
- Dr. Chukwuyama Ejiofor (Accident and Emergency Dept, UNTH, Enugu)
Fantastic, knowledgeable, educative and it was a real life study.
- Nwaneri M.A (PHCN,Onitsha)
I understood how I can bring out the best in me and build my career. I will like to attend more
- V Ochuko (Oceanic Bank Plc, Lagos)