Dr. Sam Adeyemi, the Senior Pastor of Daystar Christian Centre, has released a number of measures to adopt at individual level to build personal wealth. In a short untitled video clip Rev. Sam looked into different people’s habits that inhibit the culture of building wealth in their lives.
According to him it took him a long time before he realised the need to build his personal wealth and this he shared in the video clip.
He revealed, “When I had a surge in my income what usually took the money away were demands from other people that seemed very urgent and important.
“I realised that there are many of us who are managing our finances for that reason because it sounds very legitimate, and you can find scriptural justification for that, spending all your money, giving it out to other people. It took God to help me to resolve that because I was permanently carrying guilts for not solving other people’s problems.
According to him it took him a divine revelation and encounter before he was convinced of understand the need to encourage others to know how to build wealth. He said, “Until one day the Holy Spirit said to me, you are pretending as if your middle name is El-Shaddai, you want to solve everyone’s problem? Do you want to play my role in people’s life? He said if you pretend to be El-Shaddai, you will soon find out that your name is not El-Shaddai but ‘You shall die.’
“Before, I was touched with guilt for not solving other people’s lives. But God was trying to remind me, that I was not God, and I should allow Him to play His role in the people’s lives. He said there are some people He is trying to teach to trust Him, so they could trust Him,and should wait for Him.
“The Lord said such people would always look for short cuts, and he did not want them to beg anybody. That would help them to hold themselves back and He was trying to teach them to trust Him.
“He said ‘when you step in when I am trying to help them, you don’t help them but you have frustrated their growth process. He said unless you hear from Me that you should help people, before you give the money out.”
He continued, “It is not every giving that you get blessed for. If you are going to frustrate God’s blessings for a gift don’t expect Him to bless you for it. By trying to help someone don’t go all over place with gift. What happens is this when you have someone doing fairly well and does not save, the person cannot have the opportunity to build anything to save to invest and to increase his capacity.
He therefore warned that eventually that person might come down to the same level of everybody else that he or she is trying to help which could lead to what he called the Crab Technology.
“That is an invention. Somebody said, I have not proven it, that if you throw ten crabs into a basket none of them will come out. While one is trying to come out, another will pull it back. Described in another way we have a culture of mutual impoverishment, because we have a way of making wealthy people feeling very guilty for not spending their money on us.”
Rev. Adeyemi saw this as a way by which lots of indisciplined people visit their indiscipline on someone who through discipline build their own wealth.
“If you will ever build wealth, you must spend less than you earn and you must be discipline. You must exercise self control. There is no other way to do it. That is what my illustration is all about,” he counselled.
“You have got to limit the flow of spending less than you earn other than that it would not work. Spend less than you earn. Some people will have to wrestle with that statement asking them to spend less when what they earn is not even enough, saying it’s not up to what they earn, and you want me to still spend less?
He however blamed those people who as a policy, believed that the most important thing is not to lack any money at any particular time saying, “Some people borrow shamelessly. The important thing to them is to have money to spend.
“We can teach money management skill, but money spending skill? All of us need not to be taught. All of us have automatic anointing for that. The attitude many people have about money is that it is for spending.
“What many poor people don’t realise is that it was that control that allows the rich people to build up money to that level one can call it wealth. Many people just don’t spend what they earn but they spend more than they get. You must spend less, he advised.
“What if the money is not enough? It will never be enough. The only way to turn the thing around is to save some. Save 10% if one thousand is not enough 90% would also not be enough. Why don’t you take a little out of that 1000 and use it to fulfill a principle to turn your life around. If you can’t save 10% save 5%, Joseph told Pharaoh that the bad times were coming ahead, let’s take a 5th part that is 20%, but many people don’t think like that.”
Rev. Sam Adeyemi also explained further on what to do to build a lasting wealth especially by cautioning themselves on ostentatious spendings. “You must curb your appetite if you want to grow wealth. I know it is difficult sometimes when you live in a culture that is built on consumption, especially when the people are trying to impress themselves like saying ‘how can we organise a wedding ceremony in our family and we won’t kill five cows, and people won’t hear about it? When people think more about their status in the society, that is the problem.
“There are lots of people who get married in the society and they get migraine. They try to impress people. You have to deal with all of that and stop impressing people. You can’t spend more than you earn, you must spend less. Do the budget and use that budget to control, your spending, he further explained.
“When I began to have financial mentors these were some of the things I learnt. One of my mentors said to me, that he had been hard on himself and it had paid him. With that I just had to learn. 1Corinthians 6.12 says “All things are lawful for me but not all things are expedient. You have got to curb your appetite. You have to spend less than you earn. Stop impressing people trying to live up to the society’s standard of definition of success.
The international motivational speaker was also quick to warn his listeners to beware of increased temptation to spend once their income increases. “You should know there is a law called Parkinson’s Law, expenses will always rise to meet income. Once your income rises get ready, it is a law. The moment you get that pay increase and you walk into the supermarket, the items there will talk to you and remind you, that you can now afford them, to prove that your level has changed, and to prove this you will spend the money and there will be nothing to show for the improvement.
“Some of us need to stop borrowing or to stop owing, it becomes a habit, it becomes a weakness, you need to stop it because you are spending more than you earn. Proverbs 21:20 says if you spend everything you earn you are a fool. The first time I heard this that was how I felt, it was at a seminar.”
In conclusion, Rev. Adeyemi submitted, “It is not because the money is not enough that you are spending everything, you are spending everything to proof that your wisdom pipe is blocked. As an individual don’t spend everything you earn, you cannot give what you don’t have, if you don’t develop those management skills, what will you do when you become a manager?” he asked.
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