On Tuesday, 16 th September 2014, popular
Nigerian blogger Linda Ikeji posted on her
blog her latest luxury toy; a brand new 2014
Range Rover Sport Supercharged. According to
her, this cost a whopping sum of N24m [$
153,000]!
This is not her first car by the way, this is her
3 rd car following a 2011 Infiniti FX 35 [N8m]
and a 2008 Toyota Camry. Conservatively, her
3 cars cost N36m [$228,000], not bad for a
blogger right?
The Value of Money
Anyone is free to spend their money however
they want.
But stop to think about this, would Linda Ikeji
be able to buy these cars if Larry Page and
Sergey Brin hadn’t invented Google the
company that created the free blogging
platform she uses?
Would Linda Ikeji be able to buy these cars if
Andy Bechtolsheim the first venture capitalist
who funded Google’s startup with $100,000
had gone ahead to buy a Range Rover Sport
for $153,000?
Would Linda Ikeji be able to buy these cars if
Larry Page and Sergey Brin had used the
money they created with to buy a
Range Rover Sport?
As a matter of fact, Larry Page whose net
worth is $32.1 Billion doesn’t own a luxury
car as much as Linda Ikeji. His 3 automobiles
valued at $137,000 are all environmentally
friendly products
;
Toyota Prius, a hybrid electric mid-size
hatchback. It is among the most clean cars
of the world based on smog formation and
vehicular emissions. This was the world’s
first mass produced gasoline-electric hybrid
car. $20,000
Tesla Roadster, a Battery Electric Vehicle
sports car. It has the distinction of being
the first all-electric vehicle in serial
production. Larry Page is also a key
investor in the firm and thus was one of the
buyer of this car. $109, 000
Zero X motorbike , an Electric Vehicle from
Zero Motorcycles, which you can get for just
under US $ 8,000.
On the other hand, Sergey Brin, who has a net
worth of $ 30.7 Billion , like his partner, also
doesn’t own a luxury car as much as Linda
Ikeji. His 2 automobiles valued at $129,000 ,
are all environmentally friendly products; a
Toyota Prius [$20,000] and a Tesla Roadster
[$109,000]
.
The African Mentality of Wealth
As Africans, we have a very funny way of
utilizing wealth. Unlike our western
counterparts, who see wealth as a tool for the
creation of more wealth and more good in the
world, we see wealth as a tool for luxury.
We make money to ‘show off’, to make a
statement that we have arrived. Our appetite
for extravagancy increases as our wealth
increases. We suddenly forget how we once
survived without all these luxurious toys and
completely lose all senses of moderation.
One luxury car doesn’t seem to be enough; we
keep reaching out for more as more money
comes in. we decorate our garage with
expensive toys that are tying down valuable
resources that ought to be utilized for the
creation of more wealth and more good in the
world.
This is the same mentality common amongst
our politicians as well as religious leaders.
The open display of wealth and excessive
accumulation of luxury toys are all evident
around us. And yet we keep on complaining
that our economies are not growing. We keep
on wondering when Africa will measure up
with the rest of the world.
How can we ever measure up when all we do
with wealth is to spend it wastefully on
consumables rather than re-invest it on
wealth creating opportunities. Rather than use
of wealth to create Venture Capital firms that
will empower startups with seed funds, we
spend them on luxury toys that does no one
good but our selfish selves!
To Whom Much Is GIVEN, Much Is Expected
That Linda Ikeji rose to such level of affluence
while using a free blogging platform that some
other entrepreneurs created with their wealth,
is enough reason for her to tread wisely.
There is absolutely nothing wrong with her
first 2 cars, they were high profile cars
already. Going as much as spending $153,000
for a 3 rd car, was purely wasteful for
someone
with her humble beginnings. You would think
she should be more considerate with money.
Less than the amount she spent on her 2014
Range Rover Sport, $100,000 was the seed
capital that built Google into a global $395
Billion brand that employs over 50,000 people
worldwide. If they didn’t use this money
wisely, Linda Ikeji won’t be making that much
from blogging for free.
Recently, on the 12 th of September, the same
Google offers $100,000 cloud credit for
startups
in order to create more success stories to add
to its portfolio.
The point of this essay is simple, that you
have
so much is not a justification to waste so
much. With the same amount you waste on
luxury items, is what others have changed the
world with.
It is true that wealth reveals our true nature.
The wise become wiser as their wealth grows.
The generous gives more as their wealth
grows. The greedy acquires more as their
wealth grows. In the end, to whom much is
given, much is expected!
Conclusion: Linda Ikeji Needs To Stop
Showing Off!
As entrepreneurs, we are not like the folks in
the entertainment industry who flaunt their
toys every now and then. We have a higher
responsibility to make better use of the
resources at our disposal
. Business is an institution of society and the
society depends on us entrepreneurs for the
consistent creation of products/services that
push humanity forward.
Entrepreneurship is not showbiz.
Entrepreneurship is not about being a
celebrity. Entrepreneurship is about leaving a
legacy. Real entrepreneurs change the world
by doing stuffs that MATTER
. They are too busy making a difference. No
time for paparazzi!
Tito Philips, Jnr.
CEO at MADphilips Development Co.
Tito Philips, Jnr. leads a tribe of unusual
entrepreneurs at www.naijapreneur.com where
they are raising the bar of entrepreneurship
from a survival-driven venture to a purpose-
driven venture. He’s also the founder of
www.DifferentiateOnline.net Nigeria’s 1st
complete integrated digital marketing solution
for smart businesses.
PEOPLE DRINKING PANADOL FOR SOMEONE S
HEADACHE SINCE 18BC

Move this to celebrity section. It has no political value.

Wait till the clannish cave dwellers ask you whether "na your money?" Or better still, they'll demand the thread be moved to gossip section.

Realities always bother those who live in a bubble.

EdCure: Wait till the clannish cave dwellers as you whether "na your money?"

clannish cave dwellers you call them.... sorry for your life.

lionduke: On Tuesday, 16 th September 2014, popular
Nigerian blogger Linda Ikeji posted on her
blog her latest luxury toy; a brand new 2014
Range Rover Sport Supercharged. According to
her, this cost a whopping sum of N24m [$
153,000]!
This is not her first car by the way, this is her
3 rd car following a 2011 Infiniti FX 35 [N8m]
and a 2008 Toyota Camry. Conservatively, her
3 cars cost N36m [$228,000], not bad for a
blogger right?
The Value of Money
Anyone is free to spend their money however
they want.
But stop to think about this, would Linda Ikeji
be able to buy these cars if Larry Page and
Sergey Brin hadn’t invented Google the
company that created the free blogging
platform she uses?
Would Linda Ikeji be able to buy these cars if
Andy Bechtolsheim the first venture capitalist
who funded Google’s startup with $100,000
had gone ahead to buy a Range Rover Sport
for $153,000?
Would Linda Ikeji be able to buy these cars if
Larry Page and Sergey Brin had used the
money they created with to buy a
Range Rover Sport?
As a matter of fact, Larry Page whose net
worth is $32.1 Billion doesn’t own a luxury
car as much as Linda Ikeji. His 3 automobiles
valued at $137,000 are all environmentally
friendly products
;
Toyota Prius, a hybrid electric mid-size
hatchback. It is among the most clean cars
of the world based on smog formation and
vehicular emissions. This was the world’s
first mass produced gasoline-electric hybrid
car. $20,000
Tesla Roadster, a Battery Electric Vehicle
sports car. It has the distinction of being
the first all-electric vehicle in serial
production. Larry Page is also a key
investor in the firm and thus was one of the
buyer of this car. $109, 000
Zero X motorbike , an Electric Vehicle from
Zero Motorcycles, which you can get for just
under US $ 8,000.
On the other hand, Sergey Brin, who has a net
worth of $ 30.7 Billion , like his partner, also
doesn’t own a luxury car as much as Linda
Ikeji. His 2 automobiles valued at $129,000 ,
are all environmentally friendly products; a
Toyota Prius [$20,000] and a Tesla Roadster
[$109,000]
.
The African Mentality of Wealth
As Africans, we have a very funny way of
utilizing wealth. Unlike our western
counterparts, who see wealth as a tool for the
creation of more wealth and more good in the
world, we see wealth as a tool for luxury.
We make money to ‘show off’, to make a
statement that we have arrived. Our appetite
for extravagancy increases as our wealth
increases. We suddenly forget how we once
survived without all these luxurious toys and
completely lose all senses of moderation.
One luxury car doesn’t seem to be enough; we
keep reaching out for more as more money
comes in. we decorate our garage with
expensive toys that are tying down valuable
resources that ought to be utilized for the
creation of more wealth and more good in the
world.
This is the same mentality common amongst
our politicians as well as religious leaders.
The open display of wealth and excessive
accumulation of luxury toys are all evident
around us. And yet we keep on complaining
that our economies are not growing. We keep
on wondering when Africa will measure up
with the rest of the world.
How can we ever measure up when all we do
with wealth is to spend it wastefully on
consumables rather than re-invest it on
wealth creating opportunities. Rather than use
of wealth to create Venture Capital firms that
will empower startups with seed funds, we
spend them on luxury toys that does no one
good but our selfish selves!
To Whom Much Is GIVEN, Much Is Expected
That Linda Ikeji rose to such level of affluence
while using a free blogging platform that some
other entrepreneurs created with their wealth,
is enough reason for her to tread wisely.
There is absolutely nothing wrong with her
first 2 cars, they were high profile cars
already. Going as much as spending $153,000
for a 3 rd car, was purely wasteful for
someone
with her humble beginnings. You would think
she should be more considerate with money.
Less than the amount she spent on her 2014
Range Rover Sport, $100,000 was the seed
capital that built Google into a global $395
Billion brand that employs over 50,000 people
worldwide. If they didn’t use this money
wisely, Linda Ikeji won’t be making that much
from blogging for free.
Recently, on the 12 th of September, the same
Google offers $100,000 cloud credit for
startups
in order to create more success stories to add
to its portfolio.
The point of this essay is simple, that you
have
so much is not a justification to waste so
much. With the same amount you waste on
luxury items, is what others have changed the
world with.
It is true that wealth reveals our true nature.
The wise become wiser as their wealth grows.
The generous gives more as their wealth
grows. The greedy acquires more as their
wealth grows. In the end, to whom much is
given, much is expected!
Conclusion: Linda Ikeji Needs To Stop
Showing Off!
As entrepreneurs, we are not like the folks in
the entertainment industry who flaunt their
toys every now and then. We have a higher
responsibility to make better use of the
resources at our disposal
. Business is an institution of society and the
society depends on us entrepreneurs for the
consistent creation of products/services that
push humanity forward.
Entrepreneurship is not showbiz.
Entrepreneurship is not about being a
celebrity. Entrepreneurship is about leaving a
legacy. Real entrepreneurs change the world
by doing stuffs that MATTER
. They are too busy making a difference. No
time for paparazzi!
Tito Philips, Jnr.
CEO at MADphilips Development Co.
Tito Philips, Jnr. leads a tribe of unusual
entrepreneurs at www.naijapreneur.com where
they are raising the bar of entrepreneurship
from a survival-driven venture to a purpose-
driven venture. He’s also the founder of
www.DifferentiateOnline.net Nigeria’s 1st
complete integrated digital marketing solution
for smart businesses.
PEOPLE DRINKING PANADOL FOR SOMEONE S
HEADACHE SINCE 18BC

Rubbish

Linda Ikeji traducers. Keep it up.

lionduke:
clannish cave dwellers you call them.... sorry for your life.

What's your point of reference? You don't seem to get it, do you?

[quote author=EdCure]
What's your point of reference? You don't seem to get it, do you?[/quote
stop the bigotry, it won't help you

haters can hate.....go get a life asap