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Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

ABOKI FX: Tell the CBN that it is hard to fight "THE INVISIBLE HAND" - OmoAdéyemo A Adéwálé

ABOKI FX: Tell the CBN that it is hard to fight "THE INVISIBLE HAND" - OmoAdéyemo A Adéwálé

Tell the CBN that it is hard to fight "THE INVISIBLE HAND," as Adam Smith postulated.








Market participants are all pursuing goals in their best interests. If they were to eliminate AbokiFX, which is impossible, they can't eliminate thousands of sophisticated currency speculators, particularly those who make big money from SHORTING a currency.


And it's all LEGAL. If you are scapegoating AbokiFX, then you don't understand the FOREX MARKET.


Those who are SHORTING the NAIRA live in both Nigeria, particularly bankers (CBN officials, too, albeit surreptitiously) and local traders/dealers, and outside Nigeria.


It's the statutory duty of the apex bank to mitigate these risks; however, with its sole reliance on a volatile oil market, which supports its forex management (i.e., external reserves and clearing), some of these things are beyond its control.


"The INVISIBLE HAND" will always find a way to make money.


Think of George Soros, who made $1.5 billion by speculating the crash of pounds during the Black Wednesday.


Right now, there are hedge funds, located in New York, Tokyo, Brussels and London, SHORTING nearly every currency in the world, hoping to make significant profits. Do these traders lose money? Yes! Do they make money, too? Yes, big time!


It's a complex market.


No matter what the CBN does, it can't eliminate all the risks.


#KEEPTAKINGAFFIRMATIVESTEPS


#WORLDPEOPLEUNIVERSITY

OmoAdéyemo A Adéwálé


Tell the CBN that it is hard to fight "THE INVISIBLE HAND," as Adam Smith postulated.








Market participants are all pursuing goals in their best interests. If they were to eliminate AbokiFX, which is impossible, they can't eliminate thousands of sophisticated currency speculators, particularly those who make big money from SHORTING a currency.


And it's all LEGAL. If you are scapegoating AbokiFX, then you don't understand the FOREX MARKET.


Those who are SHORTING the NAIRA live in both Nigeria, particularly bankers (CBN officials, too, albeit surreptitiously) and local traders/dealers, and outside Nigeria.


It's the statutory duty of the apex bank to mitigate these risks; however, with its sole reliance on a volatile oil market, which supports its forex management (i.e., external reserves and clearing), some of these things are beyond its control.


"The INVISIBLE HAND" will always find a way to make money.


Think of George Soros, who made $1.5 billion by speculating the crash of pounds during the Black Wednesday.


Right now, there are hedge funds, located in New York, Tokyo, Brussels and London, SHORTING nearly every currency in the world, hoping to make significant profits. Do these traders lose money? Yes! Do they make money, too? Yes, big time!


It's a complex market.


No matter what the CBN does, it can't eliminate all the risks.


#KEEPTAKINGAFFIRMATIVESTEPS


#WORLDPEOPLEUNIVERSITY

OmoAdéyemo A Adéwálé


EXPENSIVE: The whole deceit and duplicity of 2015 campaign is too costly - Femi Ogunsanwo

EXPENSIVE: The whole deceit and duplicity of 2015 campaign is too costly - Femi Ogunsanwo

"A deception that elevates us is dearer than a host of low truths"- Aleksander Pushkin

************************************************

I recall, 29th May 2015 when this administration took over, USD exchanged for N199, today dollar is exchanging for N550 and Pounds Sterling hovering around N770, (just received this rate now from my money transfer company), unprecedented I must say in our chequered history


The whole deceit and duplicity of 2015 campaign is too costly and expensive, all to the detriment of beleaguered Nigerians who trooped out in their millions to usher in this administration with pomp and pageantry

Anyway Buharists jumping about like headless chickens, who believe criticisms of this administration by some of us is all because of non reward. Hope you lot are enjoying the "paradise" under the "Messiah" now, by the way can you get same value for your N500 today just like in May 2015?

President Muhammadu Buhari has written again to the National Assembly, seeking approval to borrow the sum of $4.054 billion and €710 million which will pile up our external debts further. "Buhari omo Musa, you are doing well ojare, Ooin".




#justscribblingmythoughts
Femi Ogunsanwo
"A deception that elevates us is dearer than a host of low truths"- Aleksander Pushkin

************************************************

I recall, 29th May 2015 when this administration took over, USD exchanged for N199, today dollar is exchanging for N550 and Pounds Sterling hovering around N770, (just received this rate now from my money transfer company), unprecedented I must say in our chequered history


The whole deceit and duplicity of 2015 campaign is too costly and expensive, all to the detriment of beleaguered Nigerians who trooped out in their millions to usher in this administration with pomp and pageantry

Anyway Buharists jumping about like headless chickens, who believe criticisms of this administration by some of us is all because of non reward. Hope you lot are enjoying the "paradise" under the "Messiah" now, by the way can you get same value for your N500 today just like in May 2015?

President Muhammadu Buhari has written again to the National Assembly, seeking approval to borrow the sum of $4.054 billion and €710 million which will pile up our external debts further. "Buhari omo Musa, you are doing well ojare, Ooin".




#justscribblingmythoughts
Femi Ogunsanwo

EFCC Cautions Banks Against Forex Malpractices

EFCC Cautions Banks Against Forex Malpractices


The Commander of the Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, ACE I Nwanneka Nwokike has warned bank officials against providing foreign exchange to customers who have no intention of travelling outside Nigeria.

Nwokike who gave the warning on Wednesday, September 8, 2021 when he met with Chief Compliance Officers of Banks in the zone, said indications have emerged that some bank customers present fake travel documents including false flight bookings, to obtain foreign exchange.

According to him, the EFCC under the leadership of Abdulrasheed Bawa, has vowed to clamp down on Forex offenders, be they bank Officials or customers. "Always report Bank officials who collude with criminal elements to collect foreign exchange. There are very strong indications that it is happening, … go back and sensitize your staff, to ensure that they always do the right thing because 'doing the right thing' has become the new normal; therefore proper verification of documents presented by customers for Forex must be done. Again, the Commission will not entertain excuses, and will no longer look away when Banks fail to do their due diligence," Nwokike said.


While responding to the issue of customers who book foreign flights and cancel after collecting foreign exchange from banks, the Deputy Zonal Commander ACE II Hamidu S. Bawa instructed the Compliance Officers to report such customers to the Commission. "When you observe such offenders, report them to the Commission and provide their BVN along, because after now, the liability will be on you and I'm sure you don't want that to happen," he said.


The Zonal Commander further asked for a better working relationship that will ensure quick response by banks to letters from the Commission.

By EFCC

The Commander of the Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, ACE I Nwanneka Nwokike has warned bank officials against providing foreign exchange to customers who have no intention of travelling outside Nigeria.

Nwokike who gave the warning on Wednesday, September 8, 2021 when he met with Chief Compliance Officers of Banks in the zone, said indications have emerged that some bank customers present fake travel documents including false flight bookings, to obtain foreign exchange.

According to him, the EFCC under the leadership of Abdulrasheed Bawa, has vowed to clamp down on Forex offenders, be they bank Officials or customers. "Always report Bank officials who collude with criminal elements to collect foreign exchange. There are very strong indications that it is happening, … go back and sensitize your staff, to ensure that they always do the right thing because 'doing the right thing' has become the new normal; therefore proper verification of documents presented by customers for Forex must be done. Again, the Commission will not entertain excuses, and will no longer look away when Banks fail to do their due diligence," Nwokike said.


While responding to the issue of customers who book foreign flights and cancel after collecting foreign exchange from banks, the Deputy Zonal Commander ACE II Hamidu S. Bawa instructed the Compliance Officers to report such customers to the Commission. "When you observe such offenders, report them to the Commission and provide their BVN along, because after now, the liability will be on you and I'm sure you don't want that to happen," he said.


The Zonal Commander further asked for a better working relationship that will ensure quick response by banks to letters from the Commission.

By EFCC

Bureau de Change Operator Docked for N43.3m Fraud in it Maiduguri

Bureau de Change Operator Docked for N43.3m Fraud in it Maiduguri












The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, September 7, 2021 arraigned one Bukar Mohammed before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri on a one-count charge of obtaining by false pretence to the tune of N43, 328, 000.00 (Forty-Three Million, Three Hundred and Twenty Eight Thousand Naira).

The defendant allegedly converted the money entrusted in his custody for safe keeping to his own personal use.

The charge reads: ‘‘That you, Bukar Mohammed sometime in 2018 at Maiduguri, Borno State within the jurisdiction of this Honourable Court fraudulently induced one Alhaji Ali Mohammed to deliver to you monies in Euros and Naira to the equivalent sum of Forty Three Million, Three Hundred and Twenty Eight Thousand Naira (N43, 328, 000.00) only, under the false pretence of collecting same for safe keeping which you knew to be false and thereby committed an offence contrary to and punishable under Section 1(1)(b) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.’’

The defendant pleaded ‘not guilty’ to the charge.

Prosecution counsel, Fatsuma Muhammed asked the court to remand the defendant in prison custody and fix a date for trial to commence.

Justice Kumaliya adjourned the matter till September 14, 2021 for commencement of trial and ordered the defendant remanded in the correctional facility.











The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, September 7, 2021 arraigned one Bukar Mohammed before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri on a one-count charge of obtaining by false pretence to the tune of N43, 328, 000.00 (Forty-Three Million, Three Hundred and Twenty Eight Thousand Naira).

The defendant allegedly converted the money entrusted in his custody for safe keeping to his own personal use.

The charge reads: ‘‘That you, Bukar Mohammed sometime in 2018 at Maiduguri, Borno State within the jurisdiction of this Honourable Court fraudulently induced one Alhaji Ali Mohammed to deliver to you monies in Euros and Naira to the equivalent sum of Forty Three Million, Three Hundred and Twenty Eight Thousand Naira (N43, 328, 000.00) only, under the false pretence of collecting same for safe keeping which you knew to be false and thereby committed an offence contrary to and punishable under Section 1(1)(b) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.’’

The defendant pleaded ‘not guilty’ to the charge.

Prosecution counsel, Fatsuma Muhammed asked the court to remand the defendant in prison custody and fix a date for trial to commence.

Justice Kumaliya adjourned the matter till September 14, 2021 for commencement of trial and ordered the defendant remanded in the correctional facility.

US Dollar vs NIG Naira: The Real Issues

US Dollar vs NIG Naira: The Real Issues

Yesterday one dollar rose to N495! I think this writer did a good job that we should all critically look into.


- Dr Oni Gbolabo



1. Appreciation and depreciation of currency is not related to race or color or who is the president be it Hausa Igbo or Yoruba. It is basically about production of goods and services and the demand of your products in the world market. A confused country that produces almost nothing will never meet up, policies only control your currency not the value of another countries currency against yours. 


2. A country where over 500 industries died within 30 years must be stupid to complain of depreciation of her currency. We keep killing local industries and expect policies to make it up, it's a joke sir. Don't use China as an example if depreciating currencies and strong economy, China produces and may attract more export with that strategy unlike Nigeria that produces nothing. 


3. A country where someone carried $2+billion simply to be shared is already a doomed one in terms of monetary policy and value. A country that produces Dizeani and Bafarawa who spent billion to appease demons. Those money without economic value is an economic poison injected into the system. 


4. A country that favours importation over local production is doomed because it creates employment for another country while sacking her own citizens. Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here. Don't tell me principle of comparative advantage here, it's not applicable. 


5. A country that exports all raw materials without adding value is shameless to talk of depreciation of currency, to later re-import finished products of that materials is the peak of daftness. A bag of cocoa will go for like N1 million naira but when it is processed it will worth around N7million. Even farmers who produced raw cocoa can't buy chocolate. 

 

6. A country that deliberately operate banking system that gives loans to importers at the expense of local industries is doomed and should say nothing about depreciation. Most of the loans are given to senators and representatives not industrialists. 


7. A country that give loans in billions to agric sector without monitoring & evaluation of such loan on how it gets to the real farmers is a sham. A guy collected over N2 billion agric loan, he bought a jeep, built a nice house and use the rest to import processed pork. Meanwhile, local pork farmers are dying here. Is that not a double tragedy, stressing forex at the same time killing local industries. 


8. A country that spend more on few privileged politicians at the cost of the populace who are unemployed should not talk about money depreciation. A country that keeps paying NNPC staff N10 billion as salaries every month when a single drop of petrol was not processed shout shut up about depreciation of currency. Crime is rising as value added to the initial failure.


9. A country where it is difficult for investors to register businesses because of the governent officials demanding for bribe. Right from airport, to hotel, to minister to governors investors will bribe, all these are part of cost of investment. A friend brought investor on estate development just for the state commissioner in charge to demand 30% of the investment. To see the governor in a state will cost you N2 million as bribe before you can be scheduled. This is a state as poor as anything. 


10. A country where the cost of travelling for treatment abroad by officials will build world class hospitals should not talk about naira against dollar parity. Money taken to that trip is part of stress on forex. Same as forex spend on pilgrimage, let religion fanatics keep off me here. Without going to Mecca or Jerusalem you can still make heaven. You waste forex on pilgrimage to later be talking rubbish about forex.  


11. A country where few people have access to federal reserve and those few can get loans are not because of what they can produce but the connection they have, is that country not gone already?

 

12. A country where we import what we produce because it's cheaper over there is gone. 


13. A country that has arable land, teaming idle youths and still complain of hunger should not talk about currency depreciation. It's annoying.


14. A country where free money flows can never control inflow and outflow of forex. Imagine someone who wants to hide his loot went to Aboki to buy dollars worth $50 million just to hide it in the basement of his house. That money has no economic value yet it deprived those companies that need it to import raw materials, those companies go to Aboki to buy at exorbitant price. 


15. A country where a strong bank owners can influence shares from within Stock Exchange room to inflate their shares worth from N20 to N150, crash the same share to N30 and ready to buy it back at N28 all within a year. Forget it, currency will never appreciate in such economy. 


16. A country where banks are involved in round tripping and inflated cost to siphon money is doomed. A company wants to import caterpillar worths $50,000. A bank made the forex $550,000 meanwhile no caterpillar was imported at last yet the money faded into private accounts. Who strain forex in that case?

Yesterday one dollar rose to N495! I think this writer did a good job that we should all critically look into.


- Dr Oni Gbolabo



1. Appreciation and depreciation of currency is not related to race or color or who is the president be it Hausa Igbo or Yoruba. It is basically about production of goods and services and the demand of your products in the world market. A confused country that produces almost nothing will never meet up, policies only control your currency not the value of another countries currency against yours. 


2. A country where over 500 industries died within 30 years must be stupid to complain of depreciation of her currency. We keep killing local industries and expect policies to make it up, it's a joke sir. Don't use China as an example if depreciating currencies and strong economy, China produces and may attract more export with that strategy unlike Nigeria that produces nothing. 


3. A country where someone carried $2+billion simply to be shared is already a doomed one in terms of monetary policy and value. A country that produces Dizeani and Bafarawa who spent billion to appease demons. Those money without economic value is an economic poison injected into the system. 


4. A country that favours importation over local production is doomed because it creates employment for another country while sacking her own citizens. Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here. Don't tell me principle of comparative advantage here, it's not applicable. 


5. A country that exports all raw materials without adding value is shameless to talk of depreciation of currency, to later re-import finished products of that materials is the peak of daftness. A bag of cocoa will go for like N1 million naira but when it is processed it will worth around N7million. Even farmers who produced raw cocoa can't buy chocolate. 

 

6. A country that deliberately operate banking system that gives loans to importers at the expense of local industries is doomed and should say nothing about depreciation. Most of the loans are given to senators and representatives not industrialists. 


7. A country that give loans in billions to agric sector without monitoring & evaluation of such loan on how it gets to the real farmers is a sham. A guy collected over N2 billion agric loan, he bought a jeep, built a nice house and use the rest to import processed pork. Meanwhile, local pork farmers are dying here. Is that not a double tragedy, stressing forex at the same time killing local industries. 


8. A country that spend more on few privileged politicians at the cost of the populace who are unemployed should not talk about money depreciation. A country that keeps paying NNPC staff N10 billion as salaries every month when a single drop of petrol was not processed shout shut up about depreciation of currency. Crime is rising as value added to the initial failure.


9. A country where it is difficult for investors to register businesses because of the governent officials demanding for bribe. Right from airport, to hotel, to minister to governors investors will bribe, all these are part of cost of investment. A friend brought investor on estate development just for the state commissioner in charge to demand 30% of the investment. To see the governor in a state will cost you N2 million as bribe before you can be scheduled. This is a state as poor as anything. 


10. A country where the cost of travelling for treatment abroad by officials will build world class hospitals should not talk about naira against dollar parity. Money taken to that trip is part of stress on forex. Same as forex spend on pilgrimage, let religion fanatics keep off me here. Without going to Mecca or Jerusalem you can still make heaven. You waste forex on pilgrimage to later be talking rubbish about forex.  


11. A country where few people have access to federal reserve and those few can get loans are not because of what they can produce but the connection they have, is that country not gone already?

 

12. A country where we import what we produce because it's cheaper over there is gone. 


13. A country that has arable land, teaming idle youths and still complain of hunger should not talk about currency depreciation. It's annoying.


14. A country where free money flows can never control inflow and outflow of forex. Imagine someone who wants to hide his loot went to Aboki to buy dollars worth $50 million just to hide it in the basement of his house. That money has no economic value yet it deprived those companies that need it to import raw materials, those companies go to Aboki to buy at exorbitant price. 


15. A country where a strong bank owners can influence shares from within Stock Exchange room to inflate their shares worth from N20 to N150, crash the same share to N30 and ready to buy it back at N28 all within a year. Forget it, currency will never appreciate in such economy. 


16. A country where banks are involved in round tripping and inflated cost to siphon money is doomed. A company wants to import caterpillar worths $50,000. A bank made the forex $550,000 meanwhile no caterpillar was imported at last yet the money faded into private accounts. Who strain forex in that case?

Inspirational: In 2021 save more, spend less, cut off unnecessary expenses and live a simple life

Inspirational: In 2021 save more, spend less, cut off unnecessary expenses and live a simple life

 Change your mindset and save up.


Going through a post on Facebook about 6yrs ago I saw a similar name in the comments, Mary Williams. The Mary Williams I know was my course rep while in school. I wanted to overlook it since there are thousands of people bearing such name but somehow I clicked on the name and went directly to her profile and behold it was my course rep.


Out of curiosity I sent her a friend request which she accepted almost immediately and we got talking, she was married and blessed with kids just like me, I went to her photos to get a glimpse of what her life presently looks like, looking at her photos alone already explained much to me; she and her husband are doing well averagely, yes they are doing well but they are not in anywhere to be compared to us. U come to dressing? I wear designers!


She told me she is very happy in her marriage but I know for sure that she is lacking money, she dresses well according to her photos but using my own life to compare with hers is not possible. I looked at their sitting room from one of her pictures and I saw that they still use Nigerian made cushions 


Now let me tell u about myself, we live where we pay 1.2million per year, very beautiful abode oh my God u need to pay us a visit, friends envy us, our curtains are designers, our cushions are purely made in Italian, we changed the tiles of the house to a very unique tiles design, our house is just heaven on earth even though we are heavily on Debt, yes u heard me well, we took loans from banks to achieve this but it's nothing to worry about, my husband works in a good company and his salary is very fat so within 1-2yrs we will be free from debts and I work too, we have 4 latest cars, I mean latest though two of the cars are still on debts but we are sure to pay up for them soonest.

I wanted to ignore Mary since I saw that she is not my class but when I learnt that she is in a town very close to us I invited her to my home, I felt pity for her too and I've learnt to accommodate people disregarding their circumstances, indeed all fingers are not equal.


 l was even surprise to see her driving in, I couldn't even believe they had a car but nevertheless the car is nowhere compared of ours, she is simply living an average life, she came in and admired our beautiful home, she praised my husband for such a beautiful Paradise.


My hubby asked her what her husband does for a living and she said he is just a business man, she is a nurse by profession, hubby smiled and went inside leaving us to talk, we talked at length and she left , before she left she invited I and hubby for a dinner in her home, hubby refused but I persuaded him.


When we get to her home it was just exactly what I saw in her photos on Facebook, very comfortable home but not much expensive like ours, everyone is moderate, I can see disappointments written over hubby face, no designers in that home, yea it is beautiful and neat but not expensive to boost esteem, hubby suggested they apply for a loan to support their business but the couple were so reluctant about it rather they ask us to go into the dinning room for the dinner we came for, we had a delicious meal and and enjoyed a good time with them.


At a time I wanted to use the restroom and as I was heading to the rest room I saw something that shocked me, I saw an award printed with Mary's husband photo indicating that he owns 43% share of GUNIS GOKOP COMPANY, that was exactly the company my husband works, the person I know that owns 14% share of the company is a billionaire I mean very rich, how much more of someone with 43% shares? I ran back to the Sitting room and called hubby, everyone followed me because they saw fear all over me, I showed hubby the award print and he stood starring at it for over 10mins, the couples were just watching us, he suddenly left the scene, he left the compound without taking the car keys to drive home, I know he has gone weird probably because of guilt because he thought we are much better than this couple not knowing that they are even the one paying him his salary, I wanted to leave silently but Mary drew me back, she sat me down while her husband went to the sitting room, she started lecturing me on how to live moderately and comfortably in order to meet a better tomorrow, she told me many things that made realised how much we've wasted good money on unnecessary things, as she was talking I was only nodding like agama lizard, I left and went to meet my husband drunk, thank God he became better the following morning but he was silent at home since I came back.


In the evening Mary and husband visited us, I envy this couple a lot, simple lifestyle is a cure to many problems, they came and we had a deep discussion, they help calmed my husband, during our discussion I got to know that they are the owner of the very house we are living in, we rented the house through an agent and we asked to see the owner of the house but the agent assured us that we are in save hands, so I was living in her house and was thinking that I am far better than her? They gave us many tactics of living a good and affordable life, my husband bowed to her husband's simplicity,


They left and we started planing for a way forward, within few weeks hubby sold our 4cars, he took some money from it and got just one affordable car, people started talking but we closed our ears, we used the remaining money to pay up our debts, the first night after the debt payment I discovered that I slept more peacefully


We moved into a cheaper apartment, sold off all those expensive properties and bought affordable ones, our house looked so beautiful and cool, we realised multiple millions after selling off those properties, we saved up and spend less


This is 6years now and we just launched a magnificent mansion, an estate, a supper market and 8 filling stations , my husband stopped working long time ago because we are now employers of labour, all these were achieved from the same money we always squander few years back and do u know the most beautiful thing? I can confidently afford that big life now in fact I can do more than that without my pocket feeling it , Mary and her husband are Gods' sent in our home as they really changed our mindset that brought a huge change.


THE END

(Credit to the unknown writer)


In 2021 save more, spend less, cut off unnecessary expenses and live a simple life.

A time is coming when u will live big to your satisfaction,

Don't be in competition with anybody.

 Change your mindset and save up.


Going through a post on Facebook about 6yrs ago I saw a similar name in the comments, Mary Williams. The Mary Williams I know was my course rep while in school. I wanted to overlook it since there are thousands of people bearing such name but somehow I clicked on the name and went directly to her profile and behold it was my course rep.


Out of curiosity I sent her a friend request which she accepted almost immediately and we got talking, she was married and blessed with kids just like me, I went to her photos to get a glimpse of what her life presently looks like, looking at her photos alone already explained much to me; she and her husband are doing well averagely, yes they are doing well but they are not in anywhere to be compared to us. U come to dressing? I wear designers!


She told me she is very happy in her marriage but I know for sure that she is lacking money, she dresses well according to her photos but using my own life to compare with hers is not possible. I looked at their sitting room from one of her pictures and I saw that they still use Nigerian made cushions 


Now let me tell u about myself, we live where we pay 1.2million per year, very beautiful abode oh my God u need to pay us a visit, friends envy us, our curtains are designers, our cushions are purely made in Italian, we changed the tiles of the house to a very unique tiles design, our house is just heaven on earth even though we are heavily on Debt, yes u heard me well, we took loans from banks to achieve this but it's nothing to worry about, my husband works in a good company and his salary is very fat so within 1-2yrs we will be free from debts and I work too, we have 4 latest cars, I mean latest though two of the cars are still on debts but we are sure to pay up for them soonest.

I wanted to ignore Mary since I saw that she is not my class but when I learnt that she is in a town very close to us I invited her to my home, I felt pity for her too and I've learnt to accommodate people disregarding their circumstances, indeed all fingers are not equal.


 l was even surprise to see her driving in, I couldn't even believe they had a car but nevertheless the car is nowhere compared of ours, she is simply living an average life, she came in and admired our beautiful home, she praised my husband for such a beautiful Paradise.


My hubby asked her what her husband does for a living and she said he is just a business man, she is a nurse by profession, hubby smiled and went inside leaving us to talk, we talked at length and she left , before she left she invited I and hubby for a dinner in her home, hubby refused but I persuaded him.


When we get to her home it was just exactly what I saw in her photos on Facebook, very comfortable home but not much expensive like ours, everyone is moderate, I can see disappointments written over hubby face, no designers in that home, yea it is beautiful and neat but not expensive to boost esteem, hubby suggested they apply for a loan to support their business but the couple were so reluctant about it rather they ask us to go into the dinning room for the dinner we came for, we had a delicious meal and and enjoyed a good time with them.


At a time I wanted to use the restroom and as I was heading to the rest room I saw something that shocked me, I saw an award printed with Mary's husband photo indicating that he owns 43% share of GUNIS GOKOP COMPANY, that was exactly the company my husband works, the person I know that owns 14% share of the company is a billionaire I mean very rich, how much more of someone with 43% shares? I ran back to the Sitting room and called hubby, everyone followed me because they saw fear all over me, I showed hubby the award print and he stood starring at it for over 10mins, the couples were just watching us, he suddenly left the scene, he left the compound without taking the car keys to drive home, I know he has gone weird probably because of guilt because he thought we are much better than this couple not knowing that they are even the one paying him his salary, I wanted to leave silently but Mary drew me back, she sat me down while her husband went to the sitting room, she started lecturing me on how to live moderately and comfortably in order to meet a better tomorrow, she told me many things that made realised how much we've wasted good money on unnecessary things, as she was talking I was only nodding like agama lizard, I left and went to meet my husband drunk, thank God he became better the following morning but he was silent at home since I came back.


In the evening Mary and husband visited us, I envy this couple a lot, simple lifestyle is a cure to many problems, they came and we had a deep discussion, they help calmed my husband, during our discussion I got to know that they are the owner of the very house we are living in, we rented the house through an agent and we asked to see the owner of the house but the agent assured us that we are in save hands, so I was living in her house and was thinking that I am far better than her? They gave us many tactics of living a good and affordable life, my husband bowed to her husband's simplicity,


They left and we started planing for a way forward, within few weeks hubby sold our 4cars, he took some money from it and got just one affordable car, people started talking but we closed our ears, we used the remaining money to pay up our debts, the first night after the debt payment I discovered that I slept more peacefully


We moved into a cheaper apartment, sold off all those expensive properties and bought affordable ones, our house looked so beautiful and cool, we realised multiple millions after selling off those properties, we saved up and spend less


This is 6years now and we just launched a magnificent mansion, an estate, a supper market and 8 filling stations , my husband stopped working long time ago because we are now employers of labour, all these were achieved from the same money we always squander few years back and do u know the most beautiful thing? I can confidently afford that big life now in fact I can do more than that without my pocket feeling it , Mary and her husband are Gods' sent in our home as they really changed our mindset that brought a huge change.


THE END

(Credit to the unknown writer)


In 2021 save more, spend less, cut off unnecessary expenses and live a simple life.

A time is coming when u will live big to your satisfaction,

Don't be in competition with anybody.

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