This document outlines the topics that will be discussed in a seminar on money matters. It includes definitions of money, key facts about money from the Bible and laws, educating oneself on money, attracting good money, pitfalls to avoid, opportunities to make money, identifying with money, and managing money. The seminar will discuss attitudes, mental frameworks, and stages of financial dependence, independence, and responsibility. It also provides tips for savers versus spenders and laws related to accumulating wealth through saving and investing.

1. PROFESSOR CHRISTIAN IKEOBI
CHAPEL OF GRACE
FEDERAL UNIVERSITY OF AGRICULTURE, ABEOKUTA

2. In this seminar, we will
discuss the following:
1.What is Money?
2.Some key facts about
Money.
3.What the Bible teaches
about Money.
4.Laws about Money.
5.Educating Yourself about
Money.
6. How to Attract Good Money to
Yourself.
7. Pitfalls to Avoid about Money.
8. Windows of opportunities to
make good Money.
9. Identifying yourself on Money
matters.
10. And Much Much More…

3. Money is the
“current medium of exchange
in form of coins and
banknotes; coins and
banknotes collectively”.
-Dictionary

4. Money is the
“current medium of exchange
in form of coins and
banknotes; coins and
banknotes collectively”.
-Dictionary
Money also means
“the assets, property or
resources owned by someone or
something; wealth”.
-Dictionary

5. Money is the
“current medium of exchange
in form of coins and
banknotes; coins and
banknotes collectively”.
-Dictionary
Money also means
“the assets, property or
resources owned by someone or
something; wealth”.
-Dictionary
Money also means
“financial gain, or payment for work
done or wages”.
-Dictionary

6. •One’s education
•One’s skills
•One’s talents
•One’s job

7. •One’s education
•One’s skills
•One’s talents
•One’s job
•One’s business
•One’s investments
•One’s work habits
•One’s background.

8. *One’s Attitude To Money.
*One’s Mental Blueprint On Money.
*How One Manages One’s Money.

9. • There is the need for you to manage your money.
• You either manage your money or your money manages you.
• You can tell a lot about someone by checking the way he or
she manages his or her money.
• All human beings need to learn how to manage their money.
• And they need to learn how to manage their money very early
in life.
• Money management is generally not taught in schools.

10. *Think about film stars, professional boxers, professional
footballers.
*Just earning big bucks did not make them rich!
*Workers and employees erroneously believe that for them to have
more money, they must earn more money. And they go to any
length to achieve their aim.
*Earning more money will not make anyone rich.

11. I am disturbed by what I see around me –
*People earning big money when they are in active service,
and later having to beg for their pensions and new jobs when
they retire as if their lives depended on them.

12. *Joseph in Egypt, managing Potiphar’s wealth and household,
and later managing the economy of Egypt in both good and
bad times.
*The parable of the talents (Luke 19: 11 – 27).
*The story of the prodigal son who wasted his inheritance,
part of which was money.

13. *Stage of dependence
You are depending on your parents or relatives for money and for your up-keep.
*Stage of independence
You are on your own, taking care of yourself financially, all by yourself.
*Stage of Responsibility
You are not only taking care of your financial needs, you are also taking care of
other people’s financial needs.

14. *Stage of dependence
You are depending on your parents or relatives for money and for your up-keep.
*Stage of independence
You are on your own, taking care of yourself financially, all by yourself.
*Stage of Responsibility
You are not only taking care of your financial needs, you are also taking care of
other people’s financial needs.
There is the need for you to lay the right kind of
foundation for your future success.
Money management skills are important for your
success in all three stages, especially the last two.

15. *Money is important for your daily living: food, clothing,
shelter, etc.
*Money is important for your relationships.
*Money is important for you to fit properly into your plans.
*Money is important for your self-esteem.
*Money is important for your children’s self-esteem.
*Money is important for your spouse’s self-esteem.

16. *Money is not the most important thing in life, but money
affects everything that is important in our lives and in our
world.
*Money affects our standard of living, health, and education.
*Studies have shown that poorer people have poorer health,
poorer education, and a shorter life span.
*Which one do you want?
TO HAVE MONEY OR NOT TO HAVE
MONEY?

17. *Money lubricates your life and makes it run smoothly.
*Money lubricates your relationships and makes them worthwhile
and enjoyable.
*Money matters are one of the issues spouses quarrel about the
most.
*When money is absent or scarce, love is strained or restrained,
health is endangered, frustration sets in, ambitions and
aspirations are relegated, visions are questioned, commitments
are renounced, and promises are denied or unfulfilled.

18. “Unless one is wealthy, there is no use in being a charming fellow.
Romance is the privilege of the rich, not the profession of the
unemployed. The poor should be practical and imaginative. It is
better to have a permanent income than to be fascinating.”
- Oscar Wilde

19. “Unless one is wealthy, there is no use in being a charming fellow.
Romance is the privilege of the rich, not the profession of the
unemployed. The poor should be practical and imaginative. It is
better to have a permanent income than to be fascinating.”
- Oscar Wilde
“Love is denied
expression by poverty”
– Wallace D. Wattles

20. *Someone said
“Money or wealth gives power and influence
to those who have it”.

21. *You ought to be reasonably ambitious to
have it.
*You can do more good with money than you
can do without it.

22. *Money brings freedom! Freedom to buy what you want
and freedom to do what you want with your time.
*Money allows you to enjoy the finer things in life as well
as giving you the opportunity to help others have the
necessities in life!
*Having money allows you not to have to spend your
time and energy worrying about not having money.

23. *The psychologist, Frederick Herzberg called money a
“hygiene factor”.
*Money is a sanitizer. It sanitizes your mind and frees it of
money worries.
*You need enough money not to worry about not having
enough money.
*People with financial problems think and worry about money
all the time. They have little emotional or spiritual energy
left over to spend on the world around them.

24. *Money is a result! We live in world of cause and effect.
*A lack of money is a symptom of what is going on underneath.
*One’s outer world is simply a reflection of one’s inner world.
*10% of people in the world make 90% of money in the world.
*90% of people in the world are left to struggle for the
remaining 10% of money in the world.
*You have to know how to demand and increase
your own share of the money!

25. *Money is everywhere! You can make it big wherever you are.
*Money is floating around the world in abundance wishing to be
located and harnessed by human magnets that are worthy of its
positive response.
*Money is not scarce! Money does not get depleted.
*We live in an abundant universe. This is a world of abundance:
abundance of money, abundance of land, abundance of people,
abundance of opportunities, abundance of ideas, abundance of
abundance!! There is abundance for everyone!!!
*It has been said that trillions and trillions of dollars exchange
hands each day in the world. We need to latch on to this system
that is not discriminatory in the world of money.
*Money does not care about your colour or gender, or race or
tribe or degree or height or creed.

26. SPENDERS
and
SAVERS

27. *Have itching hands. They are not comfortable until they spend
and spend.
Someone said “The chains of habit are too light to be felt until
they are too heavy to be broken.”
For spenders, spending money is a habit too heavy to be broken.
- Spenders spend until they are spent.
-They spend their money and want to spend other people’s
money also.
-They have little practical regard for tomorrow and its demands.
-They are familiar with begging and begging tricks! Don’t fall for
their antics.
-They spend their money on toys, gadgets, and liabilities: things
that do not bring in money but take money from them.

28. *They compete with friends and even non-friends on the
acquisition of status symbols.
*When you befriend a spender, you may be creating problems for
yourself.
*If you marry a spender, you may be laying the foundation for your
financial woes.
*If both you and your spouse are spenders, financial strains are
inevitable in your home.
*Don’t get married without knowing where you and your partner
stand on these issues and deciding which strategies to adopt in
managing your money as a couple.

29. *Are shrewd. They have a conscious plan to save part of their
income every month.
*Are builders. They save and build and leave a nest of assets for
themselves and their loved ones.
*Are investors. They buy assets regularly and strategically,
things that bring in money and returns to them. They save and
invest for themselves and their loved ones.
*Robert Kiyosaki, the famous author of “Rich Dad Poor Dad”,
advises that people should acquire assets using money from
each pay packet.
*Are self-motivated and self-driven. They do not spend their
money to impress others.

30. *Are business-conscious. They continually look for opportunities
to add to their nest of assets and businesses.
*Are goal-setters. They set goals on their savings plans and on
their asset-acquisition plans.
*They do not buy toys, gadgets and liabilities except when they
can really afford them in line with their long-term financial
goals.
*W. Clement Stone said: “If you cannot save money,
then the seeds of greatness are not in you.”

31. *The Principle of Saving states that
IF YOU SAVE AND INVEST 10% OF YOUR INCOME
THROUGHOUT YOUR WORKING LIFETIME, YOU WILL
BECOME A MILLIONAIRE.
*Almost everyone who eventually becomes financially
independent has made it a habit of saving part of every pay
cheque and putting it away for the long term.
*Are you a Saver or a Spender?

32. *Money is a defence! (Eccl. 7: 12). When you have it, you are safe!
*Money answers all things (Eccl. 10: 19).
*You need the wisdom of God to make money (Eccl. 7: 11). God
gives us power to make wealth (Deut. 8: 18).
*You can make money in both good and bad times. Isaac prospered
in the period of famine. Joseph prospered in both good times and
bad times.
*You can be very spiritual and holy and still be very rich. Poverty is
not synonymous with spirituality. Money respects God and money
respects God’s people that manage money well.

33. *Money is not evil and money is not the root of evil! It is the love
of money that is the root of all evil (1 Tim. 6: 10).
*Avoid nursing resentment against the rich (Eccl. 10: 20). That is
against your desire to be rich yourself.
*God wants His people to be very rich. He gives us richly all things
to enjoy (1 Tim. 6: 17). He gives us the power to get wealth. He
wants us to have life and to have it more abundantly (Jn 10: 10).
*Tithing is cardinal to your prosperity (Mal. 3: 9 – 10).

34. *The principle behind educating yourself about money and money
management skills is that your income or your money can only grow
to the extent that you do.
*Warren Buffett said, “The more you learn, the more you’ll earn.”
*Someone said, “The best investment you can make is an investment
in yourself.”
*Robert Kiyosaki said, “It is not stocks real estate, mutual funds,
hard work, gold or money that makes you rich. It is what you know
about stocks, real estate, mutual funds, hard work, gold and money
that makes you rich. It is information, knowledge, wisdom, and
know-how, also known as your financial intelligence, that makes
you rich.”

35. *Financial intelligence is also emotional intelligence. Warren
Buffett, the world’s richest investor, said, “If you cannot control
your emotions, you cannot control your money.”
*Without financial knowledge, people look for someone to tell them
what to do. And bad advice can be worse than no advice.
*Proper financial education helps to re-programme you mentally
and psychologically about money, wealth, investments, and the
ways they can be properly managed to bring more gains.
*This re-programming process is very important if you must move
forward in the area of attracting more money into your life.

36. How do you educate yourself about money?
*Buy and read good books, newspapers and newsletters about
money and management skills regularly, books like Rich Dad Poor
Dad, Retire Young, Retire Rich, The Millionaire Next Door, Think
and Grow Rich, Secrets of the Millionaire Mind, etc.
*Attend good seminars on money management regularly, even if it
means paying your way to attend. That is money well-spent.
*Visit and consult good websites on money management such as
www.richdad.com
*Read biographies, articles, and stories about great men and
women who made it big in the world of money. Read about Warren
Buffett, Bill Gates, Robert Kiyosaki, Carlos Slim, etc.

37. *Get a good mentor or coach on money matters and consult him
or her regularly.
*Change your self-limiting views about money, wealth, and
wealthy people. Be positive about money.
*Appreciate what you want for yourself in those that have it.
Appreciate rich people. Celebrate them and their wealth.
*Put into immediate practice what you learn from these media.
*Join a good investment club (or form one with people of like
minds) and learn and grow along with others of like minds in a
fun-filled atmosphere.

38. 1. The law of compound interest:
When savings grow arithmetically up to a certain massive level, it
takes on a power of its own and begins to grow at exponential
rates.
The point that money begins to grow at an exponential rate for an
individual is called THE TIPPING POINT.
At this point, monetary inflow assumes a momentum of its own and
flows down to you endlessly and unceasingly.

39. This is also called The Law of Accumulation:
As you save your money and you invest it with your own emotions of
hope and desire, that money develops a force field of energy
around it and begins to attract more money into your life to go with
it. You will start to receive small bonuses and unexpected increases
in pay that you will add to your savings.
2. The Law of Focus:
What you focus on grows.
When you focus on savings, your savings grows. When you focus on
your job, your job grows. When you focus on spending, your
expenditure grows.

40. 3. Parkinson’s Law of Money:
Expenses will always rise in direct proportion to income, bringing
zero or negative balance at the end. For one to be rich, one must
consciously, deliberately and regularly break Parkinson’s Law of
Money and save every addition to one’s income.
4. The Law of Intention:
In money matters, you get what you truly intend to get.
5. The Law of Mind and Money:
Money is not seen with the naked eye. Money is seen with the eye of
faith. Your financial possibilities are limited only by your own
imagination and the way you apply it to the world you live in.

41. 6. The Law of Attraction:
Like attracts like.
When you complain about lack of money, you invariably attract
lack into your life. You have to stay far away from people who
complain about lack of money.
7. The Law of Income:
You will be paid in direct proportion to the value you deliver
according to the market-place.
There are four factors that determine your value in the market-
place: supply, demand, quality, and quantity.
Never have a ceiling on your income.

42. 8. The Law of Investing:
Investigate before you invest.
The only thing easy about money is losing it. Resolve to understand
the investment before you part with your hard-earned money.
9. The Law of Conservation:
It is not how much you make that matters, but how much you
keep. Some people make much money but don’t keep it!
10. The Law of Abundance:
We live in a universe of unlimited abundance where there is plenty
for everyone who knows how to get it.

43. *Change your negative ideas and blueprint about money. Be
positive about money and about how things will turn out for you.
*Desire money. Desire wealth. Desire to be rich.
*Determine how much money you want to have and exactly
when to have it. Write it down as your goal and resolve to pay the
price necessary to realise your goal. Brian Tracy said, “You can’t
hit a target you can’t see.”
*Give at least 10% of your income to God and charities.
*Be a saver and not a spender. Save money every month,
irrespective of your needs, challenges and responsibilities. Save
from every income and pay packet.

44. *Pay yourself first. Save before you spend. Save at least 10% of
your income. Do this by direct debit or bank advice.
*Invest. Buy assets. Don’t buy toys until later…
*Invest every return on your assets.
*Defer gratification. Robert Kiyosaki said, “Many people sacrifice
a richer tomorrow for a few bucks today.” Simplify your lifestyle.
*Pray and look out for more opportunities to make money.
*Change your friends, if they are not helpful in this regard.
*Avoid debt like a plague. Always live within your means.

45. *Pace yourself as you spend the remaining 80% of money so that
you are not stranded before the end of the month.
*Do your work well. Render quality service in your job or business
if your expectation is to be paid well.
*Put away on a daily basis every loose change in your hand or
bag inside a financial freedom jar or bag in your house.
*This money is never touched except to take it to your savings
account in a bank or invested to bring in more money to you.
*This daily savings effort serves to build and develop money-saving
consciousness in you. When it becomes a habit, you will never
stop and you will never want to stop.

46. *The very act of saving money changes your character. It develops
self-discipline in you.
*It makes you more controlled and confident. It gives you a greater
sense of self-mastery.
*Saving your money rather than spending it makes you a wiser and
more thoughtful person in every other area.
*It also serves as a money-magnet, drawing to you and to that bag
or jar other money or cash that need to be saved by you.
*The more you save, the more money you will attract, like a more
powerful magnet attracts pieces of metal from greater distances.

47. *It further serves to provide focus for you in a particular area,
your savings. And what you focus on grows.
*Pay attention to the four net-worth factors:
Income (active and passive),
Savings,
Investments, and
Simplification (Simplifying your lifestyle and avoiding
extravagance and outward shows.

48. *Getting involved in scams and get-rich-quick schemes. They
may be too good to be true.
*Telling people how rich or comfortable you are. Robert Kiyosaki
says, “It is very dangerous to let people know that you are
rich.” There are many financial predators in the world. Be
discreet about your money plans and net-worth.
*Lending people money. You can give them what you can afford
and not what they are asking for.
*Getting into debt yourself. Live within your means.
*Greed and fear when investing.
*Bad friends, bad advice. Avoid them.

49. *Investing or committing your money in what you do not know
about.
*Waiting until you are rich or comfortable before you start
saving or investing.
*Buying liabilities as if they are assets.
*Getting married without ironing out these details about money
before hand with your partner.

50. 1. Real estate:
Harv Eker said, “Don’t wait to buy real
estate. Buy real estate and wait.”
2. Stocks:
3. Establishing a business:
4. Writing and publishing good books:
5. Producing and marketing good songs:
6. Joining a network marketing company
Remember,
opportunities
abound.