23/08/2026
UNDERSTANDING YOUR PERSONAL FINANCIAL STATEMENT (4)
WHAT YOU FOCUS ON INCREASES
FOLLOW ONE COURSE UNTIL SUCCESS
As was showed in our previous publications, mistakes are the fundamental for learning and many of us avoid it. Most new things discovered, were as a result of a mistake and the more you are willing to make it, the more you know how it will not work, and discovered new ways of how it can work. I was afraid of exploring because of fear of making mistakes, I do not want to fail, but the irony is that by not trying or not wanting to make mistake is a recipe for failure.
It must be understood that failing is different from a failure, failing is a learning experience while a failure quit or abandon the entire project. Failing requires you seeing the vision that is motivating you to achieve, your “why” for doing what you are doing.
Because many of us tried to avoid mistakes, and considered failing as meaning a failure, we deny making the mistake and tried to cover it, which does not give room for improvement by learning from the mistakes. Growing up many of us who failed a subject never accepted we failed, instead we make excuse and say the teacher gave us, rather than learning from our mistakes. Some parent told their children they were topping the class, to cover their mistakes rather than letting their children know where they missed it and allow the children to learn from their experience, instead they covered it and deny they ever experienced failing.
On the other hand, many of us lay blame, like when pressured, we tend to blame someone else for our mistakes. You hear some people saying something like, “It’s not my fault, it's my wife’s fault, or my boss fault, or the government’s fault. They point accusing fingers to others never to themselves, but you know what, three other fingers are pointing back at you when you point accusing finger.
For some of us that are a little bit educated, we seek excuses or justification for our mistakes. They may say something like “well, the reason I made that mistake is because I did not get much sleep last night, Or I knew the answer, I just had a lapse of memory during all the excitement. Or if the rule were clearer, I would not have made the mistakes. Or am dyslexic”
Most people operate by denying, laying blames, justifying or making excuses. The problem here is that one does not learn from one’s mistakes, which means you have wasted your time and had learnt nothing, very likely the same mistake will still repeat itself again. When however, you open your mind and humbling admit that there might be something you could learn, that you caused the mistake, that you are not a victim but a human being who learns from mistakes. When you learn from the mistake, you enter a whole new world of knowing and understanding. If however, you deny, lay blame, justify or fail to be responsible for your learning, the gate of new wisdom do not open to you. You need to be responsible for your act to gain new wisdom. According to Dr Fuller in his Mistake Mystique, “Mistakes are only sin, when not admitted”.
I made a mistake in building my Network marketing business, just as many were made to believe that you do not need to do anything to earn. I started the business assuming my direct upline should do certain things for me, instead of taking charge of my business, learning what makes it work and do the activities that will help me build an organization, I was busy blaming my upline, justifying my not growing and denying that I was my own challenge. But the good thing is, I never quit, I kept learning, though gradual but steadily, then new wisdom comes in and our teams started forming, we had a vision to move people from earning active income to earning passive income that is generational using the vehicle of leveraging business system. I started with 5 identified individuals and we started growing the organization. Our vision is derived from the 21st Century CEO vision which was also a derivation of the Century 21 Freedom Group. I took responsibility for the failure or success of my business, as I realized that no business works unless you work it. This realization makes me to understand that we are not doing network marketing, but using network marketing as a means to achieving a goal of positively touching lives with the resources therefrom.
A visit to Rehoboth Children Home Lokoja
Very importantly, I started teaching my team mates how to better manage and learn by being responsible for their mistakes and how to learn from their mistakes. As Robert Kiyosaki put’s it in his TEACH TO BE RICH, “As simple as this may sound, the power to learn from one’s mistakes is an awesome education tool and opens the doors of the mind to a much higher genius”.
Taking a look at the financial statement once again, a lesson I learnt was that what you focus on increases. Many of my team member complain of not having fund to invest, but we decided to build the cashflows to boost our income generating assets. As we focus on this, those who says they don’t have the fund, suddenly were able to meet up with the stipulated monthly contribution, that is being securely invested to build passive income. Those who never thought they could raise a N100,000 they could call their own are seeing the possibility of raising N1,000,000. This sure but consistent step not only gives participant in the team the confidence to see themselves as having the capacity, but also makes them to start thinking differently.
Many people especially employees focus on income, they want to know how big their paycheck will be. Poor people focus mainly on expenses and do their best to reduce them. The middleclass people often focus on their debt, trying their best to pay it off. Rich people focus on the entire financial statement, but primarily on the asset column, asset values and cashflows from the asset. Our focus is on the entire financial Statement with especial emphasis on building income generating assets over time, that will replace our active effort at generating income.
FINACIAL EDUCATION SESSION AT THE SENTENEL AWARD CEREMONY
AT THE MDG OFFICE IN LOKOJA ON FINANCIAL EDUCATION
You may wish to join any of our event online or physical, especially the Business Opportunity Meetings or the Moniewise program. You can become the ultimate version of yourself.
