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Showing posts with the label money

When the Game is Rigged: The Poverty Mindset

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Part 9. One thing successful people hate more than a lack of opportunity to invest, is people who always beg. You might raise an eyebrow or two but try putting yourself in their shoes before you judge. Would you be happy to be around people who always want to get money out of you? Would you want to be surrounded by borrowers and beggars? The simple answer is no! No one wants to be around those kind of lot. In economic sense they are liabilities not assets. If you invest your money on liabilities than assets, you will enter liquidation and declare bankruptcy. A Yoruba adage says, one rich man in the midst of many wretched people is also wretched. To attract wealth, you must quit begging and start providing answers to questions people ask. Do you want to catch the fancy of a rich man or a person of influence, you have to come up with an answer to a question he ask. This is one great realization you must come to before you rise. In the rigged game of wealth, you have to...

When The Game is Rigged: The Millionaire Mindset.

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Part 8. I have always wondered why the Rich seclude themselves to one area of city. Think Beverly Hills in Hollywood or ShunYi and ChanPing in Beijing, Mitte-Tiergarten or Grunewald in Berlin, Ternes and Monceau in Paris, Maitama, Abuja, Ajah and Lagos Island of the ever busy city of Lagos, then you should understand. These are different cities from different countries but they are all the same when it comes to the rich segregating themselves from the poor. Contrary to what you might be thinking, this segregation is not because of pride or contempt for the poor, many rich people now were sometime hustlers and impoverished. So belittling their days of humble beginnings would be a slap on their own face. They separate themselves because they have activated a strange thing called a "millionaire's mentality". Believe it or not there is a millionaire's mentality and the way it works not only baffles the poor, it irks them too. It's your...

When the game is rigged: The Other Side of the Gap

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Part 6. Between the poor and the rich, there is a gap that can't be jumped or swum. You can be the best in your field but if you don't come to this realization, you might remain mediocre all your life. If you don't believe me, lets examine Edison and Tesla. Nikola Telsa was one of the brightest mind of the 20th century. A winner of the War of currents. On a contract with Thomas Edison's company he recoiled the electric dynamo and created the A. C circuit. As if that's not enough, he postulated inductive electricity in which power can be beamed from masts, much like radio waves. Of course he did all of this but it's a shame, Tesla died in poverty. The reason? he didn't care about the gulf between the rich and the poor. Telsa was a scientist, not a businessman. He thought he could 'smart' his way through. He thought intelligence is the only factor of success and little wonder he failed. Thomas Edison on the other hand attended only...

When the game is rigged: Taking Position

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Part 5. Show me a winner and I would show you an hard worker. It's true, the workaholics are mostly the winners and champions. But before you head to the gym poised to work yourself to death, let him give you a rude awakening, this is not so all the time! Hard work only gets you to the door, it doesn't get you the deal. Of course you have to get yourself to the door to stand any chance of winning, but if you don't have that extra something, you might consider all your work for naught. The reward for hard work is more hard work not success. Success is a gift not won but something you qualify for if you play by the rules of life. In life you would see people who do everything but don't succeed. Then also there are people who don't do much and success flows. It's all about chance and positioning. You can land the best job of your life, if you position yourself well. And by hard work and chance you would ride the highs of success. The chances of lif...

When the game is rigged: The Helping Hand

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Part 4. It's July 1998, and we have reached the business end of the World Cup in France. France square it against current defending champion Brazil. Everyone knew what dangers posed by the Samba boys. It's not a fluke this nation has 4 winners medal to their name. And besides they had the deadliest attacker in the game, Ronaldo De Lima. In a charged arena, finally the whistle went for kick off. The French were on the attack from start to finish and they won their first trophy. Two goals from Zinedan Zidane and a third from Emmanuel Petit secured victory. Now why am I telling you this story? What's all this have to do with succeeding in business and life. Yes, hard working France won, big deal! They won their second trophy last year, what's the point? Yes, France won that trophy but its not that victory which is so important. It's the news that later emerged about how they won. In 2018 former UEFA president, Michel Platini, revealed how they ...

When the game is rigged: The Secret Formula

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Part 3: Studies shows that it's neither the best products that sell the most nor the best boxer which wins every bout. Yes, hard work, persistence, perseverance, a fiery passion and an impeccable altitude are all factors of success but then there is something more. A secret formula which can turn everything, even a sows ear into a silk purse. Every champion knows that despite the fact that they got themselves to the edge of glory relying on being dogged and long suffering, real success wasn't achieved until they discovered the little piece of rare magic that transformed their efforts into victory. An African adage says...that thing which the Elder are using to eat their pudding is under the leaf wrappings... And they also say...If a child knows how to clean his hands, then he would eat with the Elders.... True victory can only come if you have discovered that the games of wealth are rigged and you would need an 'Elder' who deem you clean enough to '...

When the Game is Rigged, You don't Have to Play by the Rules

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When the game is rigged, you don't have to play by the rules. Once upon a time God created man on a earth filled with beautiful lush resources. To access this wealth, Man created an institution, a system of rules and regulations which determines and controls who had access to the wheels of this power. This institution is the financial market and like it or not, like a Magician waving his wand, it controls a chunk of your life. Money makes the world goes round, it's the wheel  of progress and when you gat no dime in your pockets, getting the basic life necessities becomes a World War. I haven't been in a war mate, but I know it ain't fun. Now how do you get money and sort out your finance? When you were in school you learnt that if you studied well and got a good certificate you would be set in life. Well, that's crap, isn't it. I believed that for a long time, I held on to it for ages. Not until I finished school and I enrolled into the school of ...

European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies

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European banks have allegedly been complicit as corrupt African leaders pilfer the wealth of their economies in the billions of dollars. The Angolan government on Monday arrested the son of ex-president Jose dos Santos for stealing $500 million from the country’s sovereign wealth fund, with the help of a British bank. It is only a few days ago that Nigeria demanded that a bank in Europe returns $100 million laundered by former dictator Sani Abacha. In Liberia, ex-central bank governor Milton Weeks is under investigation for the $104 million that vanished from state coffers. https://news.bitcoin.com/european-banks-complicit-as-corrupt-african-leaders-plunder-their-home-economies/

Guess the Oldest Fiat Currency

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The longest fiat currency in the world is the British pound. It has been in existence for more than 300 YEARS . I saw an article online talking about it. Not well articulated but draws out the fact that "the pounds sterling has lost 99.5% of its value". This goes to show that for someone who has decided to use the fiat currency as it store of value, it is in for the losing game. The constant devaluation of our currency make it the worst form of store of value. In this generation, savers are losers. You can not save your way to be a millionaire. You have to invest. This is not a Financial Advice!  Do your own research. One of the most liquid investment around is cryptocurrency. Bitcoin which is the oldest and most important of it all is working like Gold. Since inception, bitcoin has performed incredibly well against the US Dollar. As impressive as it sounds, it does not come without some demerits. It is highly volatile. The risk is solely yours i.e. you are resp...

On Money

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Binance LCX to introduce Fiat-to-Crypto Trading in Lichtenstein

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Binance, the world’s largest cryptocurrency exchange by means of trade volume, and a local professional Swiss cryptocurrency exchange will be making a fiat-to-crypto exchange available for its users. Binance Continues to Grow According to the official announcement, Binance will be responsible for the technology and the maintenance of the platform whereas the joint venue, called Binance LCX, will be managing the customer support, due diligence, legal requirements, KYC, AML, and so forth. Reportedly, the plan is to build up a team of up to 15 people for the office in Liechtenstein. The new venue will enable traders to exchange Swiss Francs (CHF) and Euros (EUR) against some of the major cryptocurrency pairs. More trading pairs are going to be added after receiving regulatory clearance. Focus on Serious Investments While there is no mention of required minimum trading amounts, the new venue is seemingly geared towards catering to the needs of professional investors. ...

On Poverty and Poor People Mindset

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Early Bitcoin and Ethereum investor Mike Novogratz is revealing his insight on where the market is heading and what’s needed to trigger a bull run. Novogratz runs Galaxy Digital, which invests directly in crypto businesses, from ICOs to infrastructure platforms to wallets and custody solutions. At the recent Beyond Blocks Summit in Seoul, he explained why he believes in the New World Order crypto developers are trying to create, and what got him to widen his involvement in crypto far beyond his initial speculative investment in Bitcoin. “I looked at my portfolio and I had a lot of Bitcoin and I had a lot of investments. I had an investment in Korbit here in Korea. I had an investment in Bitstamp and Zapo – in all kinds of portfolio companies that I’d made a few years earlier. And I had a college roommate, Joe Lubin, who now runs a big company called ConsenSys. But at that point, it was a very small company. And I decided to go visit him and thought he was a little bit smarter...

Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves

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South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. Meanwhile, all customer deposits at Korbit will now be held by a bank. Bithumb, South Korea’s largest crypto exchange, announced on Saturday, August 4, that deposit and withdrawal services for nine cryptocurrencies will be resumed on August 4 at 7 p.m. KST. The nine cryptocurrencies are BTC, ETH, ETC, XRP, LTC, BCH, ZEC, QTUM, and MITH. Upbit Audit Report Shows Plenty of Reserves Upbit, South Korea’s second largest crypto exchange, released an audit report Friday. The audit was conducted on June 28 and 29 by Eugene Accounting Corp and focused on 145 coins and the exchange’s deposits, according to Upbit. Korbit Lets Bank Hold all Customer Deposits Korbit, another of the country’s four largest crypto ...

Crypto Exchanges Want Regulation but See Strict Policies as a Threat

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The majority of crypto exchanges want to see the industry regulated, although many consider excessive regulation to be the biggest threat, according to a new study. A third of the platforms in the poll also fear a market crash that could suddenly devalue digital assets. A fifth of the exchanges dislike anonymity. Crypto Exchanges Want Regulation A new study reveals that a sizable majority of crypto exchanges, 88%, would like to see regulation in place that can help the rapidly developing industry mature, and a third of the companies trading coins say the greatest threat comes from the perceived criminality of the sector. 17% of the polled platforms, however, believe overly strict regulation is the biggest threat to cryptocurrency and its wider adoption. Another 40% say lifting the barriers to funding crypto activities by banks will improve the acceptance of cryptocurrencies. https://news.bitcoin.com/survey-crypto-exchanges-want-regulation-but-see-strict-policies-as-...

Three Reasons why Bitcoin is Programmed to Pump

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I saw an article online and it was well articulated about Bitcoin being programmed to pump. I made a video about it. Highlighting the view of the writer. Despite non-stop criticism, obituaries, and competition from altcoins, Bitcoin has undeniable advantages — ensuring that its value will keep rising for decades to come. It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy. Satoshi Nakamoto, 1/17/2009 Here are the reasons 1. The Hard Supply Cap 2. No One is in Control 3. The Lindy Effect

Introducing Bitclub Network

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Recently I have been talking about Bitcoin even passionate about it. I went as far as bagging a certificate in Digital Currency from University of Nicosia. I want to talk about something very interesting with Bitcoin. Do you know that with Bitcoin you can make residual income. You can make money while sleeping. Introducing you to Bitclub Network. It is a mining firm. It specialises in mining bitcoin and the major cryptocurrencies. Check the link on this video: http://bitclub.io/silveret Ayobami  # silveretblack

Introduction to Money: Trade by Barter

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  INTRODUCTION TO MONEY: TRADE BY BARTER This is the first of the six part video series on Introduction to Money. On my last video, I talked about Bitcoin in 3 minutes or less... There I talked about the solution Bitcoin came to tackle in this era of Information Technology. I'll start by telling the story from the beginning. During the era of wanderers and Nomadic Tribes. Our ancestors the Nomadic Tribes are the tribes that wander from place to place. As the tribes enlarge, some few challenges started coming up. Due to the different age groups, the aged, toddler, pregnant women... The Nomadic Tribes have restricted mobility. With the problem of mobility, they come up with the solution of settling down and forming a community. Even though it solves the issue of aged, toddler and pregnant women..., it came at a cost. The access to resources is quite limited. It resulted in the men going in search of resources that are not available in their community. In the proces...

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