What Your Parents And School Didn't Tell You About Money

Growing up, my parents taught me a formula for success that a lot of you might have learned too. The same go to school, study a good course, get good grades, graduate with a first class or 2-1 degree then get a secure high paying job with benefits and so on. In other words just have a simple, normal, regular life.

Society has filled our heads with the idea that, certain professions are associated with being wealthy and once you studied one of these courses in college, you were set. Not a bad life plan actually.

But here’s the problem; that line of thinking was valid maybe like 20 years ago. Your so-called secure job won’t take care of you anymore, neither will the government. In fact no one is going to take care of you. The rules of the money-making game have really changed. This is the age of powerful computers and high-speed internet. This is the INFORMATION AGE.

Control your financial future
As I write this, unemployment is still on the rise, people are still losing their jobs and more graduates are finishing school to face the harsh realities of the Nigerian job market. It’s even worse now in our current economy, where the job market is influenced more by, the people you know rather than what you know.

By the time you read this, maybe things could have changed. But don’t be fooled; fuel prices will still rise, the naira will continue to fluctuate and jobs will continue to be scarce.

The truth is life is hard, complaining won’t make you wealthy or secure your future, neither will blaming the economy or the government. If you want a solid financially free future, you have to build it yourself. But you can only control you financial future when you control your source of income.

You need your own business. You need your own source of passive income.

What is passive income?
As defined by Wikipedia –

“Passive income is income received on a regular basis with little or no effort required to maintain it”.

Regular income with little effort? Sounds too good to be true; well it’s not because passive income is real and you can earn it too.
Now before I explain I want to tell you about a little something called the Cashflow quadrant.

What is the Cashflow Quadrant?
This is something I learned from one of my mentors Robert Kiyosaki. It basically shows the different ways cash income is made. As the quadrant implies, there are 4 zones in it.

The E- quadrant: E for employee. What our society, educational system and parents have trained us for. It operates on the philosophy of go to school, study hard, graduate with good grades, get a good job with a great company and work your way up the corporate ladder until you retire.

The S- quadrant: S for Self- employed. A small step up from the E- quadrant. It includes those who want more freedom and try to be their own bosses; ranging from the small neighborhood “Mallam” with a shop, to the big private practice lawyer making millions. Even though you think you’ve fired your boss, you didn’t, all you did was change bosses.

Now that you are your own boss, you have no one to blame but yourself for your work related problems. You start trading your time for money and even when you are earning millions there’s really no time to enjoy it. You can’t even stop to take a vacation cause if you do your work will suffer.

B – Quadrant: B for Business. This is where people create big businesses. The likes of Forte oil, Nairaland.com, Dangote, Lindaikeji, etc. The big difference between an S -business and an E- business is that, you work for your S – business, while your E- business works for you.

I – Quadrant: I for investors. This is for the big investors i.e. those involved in stocks, shares and real estate.
The ‘I’ and ‘B’ quadrants are excellent sources of passive income. The E and S quadrant will just keep you from being broke because you can never get rich working for someone else or working for a business.


That means the most solid ways of earning passive income are by starting a business that works for you or by making some good investments. Unless you were born rich, are incredibly gifted at shares and stock trading or real estate marketing; then investing might not be the way to go for now.

So the next best option is to start a business. Now I know in this country starting a business can be really hard especially the capital raising part. So the business I recommend for Nigerians in this age and time is the Online BusinessCommhubb. Com

This is the the same business plan I used to start my websites, so hurry up and go learn how to start. I have talked about some online business in the past you could check them out and try them.

The wonders of Passive Income
Now you’ve started your business and it’s working hard for you and bringing you a steady source of passive income. You’re finally on your way to becoming wealthy man with a lot more free time. So now what? Well you’ll finally be able to…………

Wake up later: Don’t you just hate having to wake up by 5am to go to a job you really don’t like. You’ll finally be able to relax in bed knowing that your business is working for you and making money even while you sleep.

More time for yourself: You’ll finally have time for all the wonderful things you like to do. Whether it’s reading more books, going to the gym, learning that instrument; even unlimited travel time. Just you name it.

Living like an alpha male: This means not having to answer to any annoying boss, dressing anyway you want. You can even live wherever you want now because you have the money now and don’t have worry about living as close to your job as possible.

Time for more beautiful women: With a steady income, no job worries and free time; you have automatically become more attractive to women and general because let’s face it Nigerian girls love money too. You also have more free time to go out, and meet more amazing attractive girls than you would have time for with a job

There are many more benefits that might apply to specific individuals. But no matter who you are, there is always some benefit from having a passive income source. Whether your employed in the E- quadrant or a student in the university; there is always a way of making money passively if you really want to. So what are you waiting for, get started with your B- quadrant business today.