When Simon left the village 31 years ago, like many other young men of his time, nothing in his hunches could convince him that his life would be what it is today. A wasted and ageing man who has nothing to show except for his “polished” English and vast knowledge in almost every topic. You would not be convinced that he once had a nice paying job in a Tier 1 bank. His glamorous days had been reduced to the nostalgia of how he once, being the head of his section, saved the bank millions because of his watchful eye.
Today, he only admires the finer things in life through glass windows in shopping malls, that he still visits, despite not being able to purchase anything. Simon attributes his current situation to a supervisor who, on finding himself less qualified than Simon, began a witch-hunt that saw Simon get fired from his lucrative position. This, he says paved way for his less qualified supervisor to become the head of the department; a position Simon strongly believes was rightfully his. Seven years later, Simon’s wallet still holds business cards reading the job title he once held before he left the bank.
Simon’s story has a slight semblance to Elijah’s of the Bible, who was instructed by God to leave and hide in Kerith Valley near Jordan, next to a brook that he would drink from as ravens fed him bread and meat each morning and evening. One day, the brook dried up as it does for most people. And when it does, you had better have an alternative source of provision or a place to go like Zarephath in Sidonian territory as Elijah did. Unfortunately for many like Simon, the drying of the brook spells doom and gloom.
The Wealth Access Code
Whether Simon had the understanding of how wealth is created and destroyed speaks to the fickle nature of life. Wealth creation requires person who understands the do’s and don’ts. The wealth access code is thus an intrinsic code hidden in the behaviour pattern of all individuals and has the same nature whether in America, Japan, Kenya, Britain, Singapore or Nigeria. It is the code that allows access to a life of plenty, to those who know and use it appropriately as was designed for them from the beginning. Here are four attributes of the code that you must quickly put into correct use from as early as Block
4 which ranges 23-30 years of age: –
Appetite to Grow
The appetite to grow does not refer to buying another house, acquiring a Range Rover, or moving to a leafy suburb. Dr Thomas J Stanley and William D. Danko in their book The Millionaire Next Door, state that real millionaires do not parade their affluence but are rather humble, natural and simple to an extent
that sometimes they are touted for commoners. Dr John Bridges and Thomas Tusser remarked that A
fool and his money are soon parted. Some of the quick ways that “fools” part with their money is through the allure of the niceties of life; a good car, living in a leafy neighbourhood, expensive schools for the children, expensive holidays among others. In the Wealth Access Code, the Appetite to Grow is found in the ability or the quest to solve people or organizational challenges. Those that focus on finding solutions to common problems or challenges inevitably find access to wealth. In George Clason’s book, the Richest Man in Babylon, he authoritatively writes, A man’s wealth is not in the purse he carries. A fat
purse quickly empties if there be no golden stream to refill it. This was in reference to Arkad, the richest man that had a constant income that kept his purse full, no matter how liberally he spent. Liberal spenders who use their money to delight themselves or for showoff will soon part with it unless they have established a golden stream with sufficient inflow of cash.
Appetite to Risk
The second attribute of those who effectively use their wealth access code is the appetite to risk; wellcalculated risks. It’s not entirely true that the higher the risk, the higher the return. Wealthy candidates are meticulous at weighing their risk options and establishing when to make investments. Markets are generally volatile and a good analysis must be done to avert unnecessary risks. Different wealth instruments also carry different risks. Studies have shown that:
Money Market Funds: are relatively stable and safe but not powerful enough to generate wealth-
producing rates of return.
Entrepreneurship: is relatively powerful and has the capacity to produce spectacular gains. However,
it’s highly volatile and the possibility of losing is equally real.
Real Estate: is both powerful and stable but it is not very liquid in addition to the high capital outlay it