Understanding The Flow of Money 1

Money is A Current, It Flows.

Flow: flow/flō/
Verb:(esp. of a liquid) Move along or out steadily and continuously in a current or stream
Noun:The action or fact of moving along in a steady, continuous stream.

credits: under30ceo

credits: under30ceo

Have you ever wondered why money is referred to as currency? Does it bother you what the word cashflow means? If it does, relax. You are not alone. There are probably hundreds of people who don’t either. This is why I have written this article. Just because of YOU. Enjoy.

In the year 1971, the rules of money changed. Thereby changing its flow. Money stopped being static and became a current. This is why you often hear the word CURRENCY. Like in physics, the word current means movement. Thus a current needs to keep moving. If it stops it loses its value. The reason why light ceases in your house is because the electric current stopped moving and it lost it value.

Who Changed The Rules of Money?
Prior to 1971, the worlds monetary system was backed by gold. This means, if you held $100, you are actually holding its equivalent in Gold and the $100 could be exchanged for its worth in Gold. However in 1971, President Nixon ended the convertibility of the dollar to gold.

President Nixon decided to change the rules because of high inflation rates in the Uncle Sam at that time and since then, money as we know it ceased to be the same. It began to lose its value as majority could not keep up with its pace.

What Does This mean To You?
Since you now know that money is a current, hence the word currency, you need to understand its flow and how to use it to your advantage.
A currency must keep moving in order to keep its value. This is why saving money [for looooong ] is somehow an absurd idea. I have nothing against having a savings but saving should have a purpose. Saving money indefinitely is like parking your currency. It losses its value. Imagine saving a $1000 at 3% p.a while the inflation rate is 7% p.a. This means by the time you’d want to make use of your money, you’d realize that your $1000 is about $500 in real worth.

How Do You Use The Flow of Money to Your Advantage?
The idea is to direct the flow of your money/currency to move from assets to assets as fast as possible. There are two ways to this:

1. Acquire assets that are appreciating in value e.g., gold, oil, land, real estate, stocks, silver etc.

2. Acquire assets that produce [good] cashflow e.g. profitable business ventures.

Doing this will ensure that your money is not just tied down in a savings account but it is moving as a current is supposed to.

It will ensure that your money is not under yielding at 3% p.a when it could be yielding at least, 50 % p.a in a well managed, profitable business.

Do you think money is liquid and its flow can be directed at will? Please use the comment box below to share your views. Thanks.
You can also join the conversation on twitter by following ~ @phemyte.

How To Know Its Time To Let Go.

Sometimes we find ourselves in relationships or friendships that leave a bitter taste in our mouth. The whole weight of the relationship is on us. We are the ones trying to call, text, mail or ping. The other party is dormant. At this time we become emotionally bankrupt especially if the friendship meant something to us. We begin to ask questions. Where exactly did I go wrong? Probably because of shared experiences or memories, we are hesitant to let go. So we hold on and tolerate the friendship and that further zaps the little life in us. Until gradually it begins to dawn on us that the whole relationship is dead; the funeral rites are just too expensive for both parties.

A few weeks ago when @orefakorede on twitter asked a pertinent question, “how do you know when its time to let go of something or someone?”

I replied “when you are tired of it all or when you have found something better.”

To be sincere, letting go of some friendships can be expensive. However the bitterness that comes with holding on to such friendships is more expensive.

If you find yourself in such situations, you need to run some friendship diagnosis.

1. Ascertain there is no problem or life challenges facing your friend. It will be bad of you to desert your friend in times of needs. You can do this by visiting him/her.

2. Intensify your efforts at making the friendship work. If it does bounce back, you’ll be happy for it. If it doesn’t, you’ll know you have tried your best.

When you have tried all the above and nothing is happening,
it is only right to take a leaf from Robert Greene’s the 48 laws of power #16. “Use absence to increase respect.”

What you should do is just gradually excuse yourself from the friendship activities you engage in. if you call him three times daily, reduce it to two. If she is observant, she will notice the distance. If she doesn’t, increase the distance, reduce the calls to once daily. By using this law, two things will happen.

    1. If the other party is observant, s/he will notice the distance on your part and try to reach out.
    2. There is no response from the other party and the friendship dies a natural death.

When (1) happens, its a good sign that both parties are committed to the friendship but when (2) happens, *sighs* boy you’d better seek new friendship opportunities. Move on with your life. Like I said in this post, ” just because someone fits your idea of a friend today doesn’t mean they will tomorrow.

Have a wonderful week.
Join the conversation on twitter follow @phemyte.

How To Make Agriculture Youth Friendly In Nigeria: The Problems and Solutions.

Encouraging Youth Farming

Encouraging Youth Farming


Engaging youth in agriculture has been a prominent topic recently and has risen up the development agenda, as there is growing concern worldwide that young people have become disenchanted with agriculture.

With most young people – around 85% – living in developing countries, where agriculture is likely to provide the main source of income it is vital that young people are connected with farming.*

The Problems.

1. Perception / Image
The number one impediment against youths embracing agriculture as a livelihood in nigeria and africa as a whole is the image problem. Youths generally feel agriculture is a dirty profession. A profession that doesn’t allow you make up or knot a tie. With over 70 percent of farmers as adults who live in the rural areas with non existent basic amenities. The idea that a young school graduate will abandon the sparks of city lights and sojourn the rural areas to establish a farm is rather absurd. The paper based educational system we run in nigeria is also a factor to consider. The system gives the youths a false sense of elitism. We are so deceived by our certificates that we are not ready to pick the hoes. It is so surprising when an agricultural graduate prints resumes and start looking for jobs. One begins to wonder in what capacity we hope to be employed. Life in The agrarian communities also indirectly discourage youth participation in agriculture. Truth be told all the sons and daughters of farmers are in the city or planing to be. They see the efforts of their parents compared to the rewards and they vow to make things better. Tell me, when the farmers off springs are fleeing the farm stead, what will attract a city youth to the farm stead?

2. A faulty agricultural curriculum.
I fault the present agricultural curriculum on two fronts.

a. Outdated and Insufficient Curriculum.

b. Theoretical agriculture.

a. Outdated and Insufficient Curriculum.
I recall a lecturer of mine back in school. The course was cash crops. She went ahead too give export data on each cash crop and surprisingly, all numbers were for the 1970s. The most up to date was 1985. I imagine what projections an agricultural student could make with a 1970 data in the 2000s. After that class, only two possibilities scream at me. It is either the lecturer was too lazy to research or there were insufficient agricultural data. I chose to go with the latter because in the 1970s, nigeria was basking in the wealth of its new found oil. Leading to the neglect of agriculture.

b. Theoretical Agriculture.: Ask any agricultural student. They will tell you how cumbersome the curriculum is. I know university education in nigeria is mostly theoretical, but agriculture is super theoretical. There was no department we didn’t borrow a course from. Statistics, business admin, law, anatomy the list is endless. I am also aware that agriculture is a broad course. You need to learn the business side, learn the physiology and anatomy of livestock, and understand the residual effects or herbicides and fertilizers hence the chemistry. However back then the class work was gigantic coupled with overcrowded classrooms and the obvious less farm work. Lecture periods were purely dictation classes.

3. A Barrier In The Information Channel.
There are about 21** agricultural related research institutes in nigeria. Yet the diffusion of information and adoption of innovation rate is grossly underwhelming. As a trained extension agent, it is disheartening to declare that there are about one extension agent to three thousand farmers (1:3000***). The present ratio is inadequate for effective agricultural information diffusion. This is part of the bottleneck that hinders the flow of information. How do I cope with three thousand farmers? Yes there are mass communication channels of disseminating information (Television, radio and newspapers.) But each with its peculiar limitation such as power, and even the conflicting times that the agricultural programs are aired. Let’s not forget the near absence of agricultural programs compared to music programs.

4. Government Policies. Thank God for YouWin! Nigerian policies hardly involve the youths. The champion agricultural policy in nigeria today is subsidized fertilizers for farmers which end up being politicized.

The Solutions.

1. Perception/Image. There is more to agriculture than hoes and cutlass. We need to make known the opportunities that exists in the agricultural sector. One of such possibility is the value chain re orientation. Research institutions and universities need to seek new ways of using agricultural products. If cassava for example has about ten commercially viable by products, it will create an artificial rise in demand and scarcity of the produce. This will enable more youths to see the areas where their expertise are needed. Thus creating several jobs on two planes.

I) The increased production of cassava.

II) The commercially viable products of cassava.

This will have a multiplier effect on sectors of the economy because there will be need for marketing, branding and packaging etc. Replicate this model for other crops in nigeria and we have a staggering bountiful agricultural sector.

2. A New Agricultural Curriculum. A new curriculum should be in place. One that ensures active participation of students in farm and crop management. It is obvious that one year of farm work is not enough for a country who intends to feed its teeming population. A semester of broiler production and a semester of vegetable production does not elicit enough interest for sustenance and continuity. For mastery to be achieved, repetition must occur.

3. Barriers in Information Dissemination.

Research institutes and universities need to figure out a way to push out the research data gathering dusts in school libraries and let innovations be modeled in universities. One of the functions of universities in their host communities is to diffuse development. If the agricultural community on university campuses actually champion the innovations, diffusion and adoption will be easier. When agricultural model farms in universities turn out good yield and are well packaged, the surrounding communities will love to have access to such inputs. Thus encouraging innovation adoption. Imagine having UNILORIN Garri, UNAAB CASSAVA, UNIABUJA Maize, FUTA Honey etc available in the host comunity markets. The success of such agro products will improve farm related economic activity. It will also add a sense of pride and a feather to the cap of students who produce such products.
More farmers will also be reached by this means and will reduce in some way the workload of extension agents in such areas. Also when youths are exposed to and aware of innovations in their field of study, for a considerable period, they will be encouraged to practice their profession.

4. Government Policies:
A lecturer of mine once opined that agricultural students should be encouraged financially. This can be achieved by providing loans for students who might wish to pursue different aspects of agriculture. The twist is to make this funds available and accessible right from commencement of his/her study program with their certificates and some other things as collateral. He said this will ensure the student is well adapted to agricultural production and would have achieved a level of competence upon graduation.

In what other ways can Nigeria make Agriculture Youth friendly? Please share your views in the comment box. You can also join the conversation on twitter ~@phemyte.

* Engaging Youth in Agriculture – The Key to a Food Secure Future?

** Number of research institutes in Nigeria

*** Information Needs of Small Scale Farmers in Africa: The Nigerian Example

The Fear of Success: How Success Stops Us From Being Successful.

Jana Novotna

Jana Novotna

I have always heard about the fear of failure and how it hinders us. Until last night, it really didn’t occur to me there could be a fear of success when @Sisi_yemmie tweeted:

“The Fear of success…. Wow.”

There and then my heart set racing, I must have read or heard something like this before. I absolutely had no idea why she tweeted that, but it struck a chord within me. Thank God Malcolm came to my rescue. So I came up with this and thought I should share.

Sometimes the fear of success keeps us from succeeding. The possibility of success scares the heavens out of us that we stop the projects we are working on. Hoping to continue when we feel more qualified. We look through our family, our lives, our society and say no one has ever done it. The dreams and aspiration blows our minds. The possibility of success dwarfs our ability and we ask. Can I do this? What will become of me if I do this? Who am I to try this feat. We look at the successes we celebrate and feel they are more qualified.

The reality of the matter is that we have compared our ability with the possibility of success. And we have fallen short of our own criteria. We often forget that some of those who succeed that we look up to were once like us. The only difference is that they defiled the odds, and plunged before second guessing.

The fear of success makes us aware of our mortality, our abilities and limitations. A sudden consciousness and awareness of self surfaces that rattles our imagination.
Shortly afterwards we tend to tell ourselves to be careful. Approach carefully. Don’t mess things up. By this time our train begins to lose its steam.

Perhaps this was whatJana Novotna
felt in the third and deciding set of the 1993 wimbledon final. Playing against Steffi Graf, Novotna was leading 4-1 and serving 40-30. She was just a point from wining the game and five points from wining the tournament. Just then, the game took a dramatic turn as Novotna began to play like a beginner. She netted her serves, missed her responses and eventually lost to Graf. Malcolm Gladwell goes on to report this phenomenon in his book What The Dog Saw, and calls it choking.
Novotna must have realized how close to victory she was and that shifted her focus from the performance to the performer.
That exactly is how the fear of success cripples us. We shift our focus from our goals and amplify our limitations.

In what ways has success scared you? Share your experiences in the comment box.

You can also join the conversation on twitter ~ @phemyte

7 Life Changing Things You Should Do Differently This New Year.

Yaaay! Happy New year, let me welcome you officially into the new year. I know today is not the 1st of january, but its better late than never. This post should have been published yesterday but yours truly was busy through out the weekend. A bosom friend of mine @RealGodBoy hosted a comedy show on sunday 5th jan. Featuring one of the most sought after comedian in nigeria today, seyi law and SACO. It was a wonderful event and yours truly was totally occupied. Anyways, I am back and I do apologize for posting this late. This post details 7 things you need to do differently this year to be productive. Lego!

1. Welcome Change.
The year is new so are the opportunities. So many things are going to change in your life this year. Some friends will leave others will stay. New situations will arise that you’ve never faced before. You’ll welcome your first baby, get married, get a new job or take a new course. All these might rock your boat a little.
Don’t panic, changes are mostly designed to enlarge our context. To bring us out of our comfort zones.
Don’t react, respond to change. Reactions may be accompanied by feelings and feelings do nothing but cloud our reasoning. Exclude your self from the situation. Be proactive, seek solutions and accommodate changes rationally. The earlier you master the situation, the better for you.

2. Be Proactive:
Stop waiting for/on people to do things for you. Get your hands dirty. The people you are waiting on also have needs to be met. Put your back to work. The things that matters most in life, those things that make you successful are things you need to do yourself. No one should tell you to have your bath. If you don’t, you stink. No one should help you eat, if you don’t, you starve. No one should tell you to mind your dressing, if you don’t, you are disgraced.
Place that call, meet that person. If it doesn’t work out fine, you would have learnt a lesson. If it doesn’t work out the way you want, you can ask for help. Most things we seek help for, could have been achieved or done halfway. Put your creative juices to work.

3. Unclutter Your Schedule/Life.
Get rid of the distractions in your life. The unproductive habits. That friend whose speech is always about girls/boys or booze. That girlfriend whose speech is about the next high class party. Get rid of them. Those were the things you spent your energy on last year. Have you fared any better? I once heard that the definition of insanity is doing the same things and expecting a different result. Try something different this year. It may be challenging and if it does, read step one again.

4. Set SMART Goals.
What goals do you have for this year? How do you intend to achieve them.
Setting goals need not be difficult. Just look at 3-5 things you want to achieve this year. That’s your goal for the year.
Break it down into tiny bits. It is better to have a one point agenda and Follow [that] One Course Until Success rather than having a 13 point agenda and have unfinished goals by year end.

In setting your goals this year, remember they have to be

A. Specific: clear, well defined and focused.

B. Measurable: it should be quantifiable, how many or how much will I have by year end. It helps you know you are on track.

C. Attainable: Your goals should be actionable, doable. You may be stretched but you won’t break.

D. Relevant: Your goals must align, satisfy and fulfill your purpose. There’s no point for a surgeon to be, to start taking auto repair classes. It takes you to your destination faster.

E. Time Bound: Your goals should have a dead line. It should answer the question when?

5. Calibrate Your Year: See what you can achieve in january. See what you will achieve in february etc. The reason why laboratory equipments are calibrated is to set standards and measure progress.

Welcome Change.

Welcome Change.

6. Learn To Say NO: Stop trying to please everyone or you get hurt. This year make a conscious effort to put boundaries in place. Enough of trying to be in someone’s good books. You are probably not the only person who can render the assistance they seek.
If you can help them out, please do so. If the assistance is going to inconvenience you, please refuse politely. They may act offended for a while, but its nothing time won’t fix. Don’t spend the year building other people’s life/family while having less time to build yours. These same people will ask “what are you doing with your life?”
If you are not there to help them, they will find other means. Let me surprise you, today is the 7th of january, this year is already going. If you don’t plan your life others will include you in theirs. Oh, “they support me financially” you lament.
Well they are in a position to help you today. They are not the only “Godsent”, God will not leave you without support. In fact saying or thinking like that shows you limit God and his works. It shows how myopic your idea of your God is. Let God provide for you.

7. Be Deliberate: Finally, everything you do this year must be deliberate. Do things because it appeals to you. Do things that add value to you. Go to places that make you happy. Your happiness is of your making. Ask yourself, “why am I wearing this blue shirt?, why am I attending this event? Is it because you don’t want to hurt your host? Being deliberate solidifies your standards.
However, being deliberate is no license to stubbornness or disobedience. Do things that are morally acceptable.

I hope you have enjoyed and learnt some lessons.

Don’t forget to leave a comment, share this post with your friends and join the conversation on twitter. @phemyte.

Have a Wonderful New Year.