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Nairaland Forum / Nairaland / General / Business / Shina Peters Vs Jim Ovia (2068 Views)
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Shina Peters Vs Jim Ovia by Elmojiid(m): 8:38am On Jul 20, 2017 |
In 1990, Shina Peters built a house with N20 million naira; the same year Jim
Ovia started Zenith Bank with the same amount.
Today, you and I don't have a room in Shina's house but I have an account in
Jim's bank and probably you do too.
Shina's house was built in Iju Lagos and remains there till date.
Jim's bank started in a corner and now has over 500 branches in Nigeria, and
many international branches.
Millions upon millions transact business in Jim's bank daily.
Shina's house is becoming dilapidated...in 2015, he SPENT more money to
renovate the house and bought a Nissan Pathfinder with N10 million...addit
ional liability, while in the same 2015, Jim's bank MADE a profit of N105.7
billion.
Zenith bank employs hundreds of thousands, and feeds their families.
This is the difference between Assets and Liability. If you buy a car for N20
million today, in 20 years time, you will be ashamed to drive it. On the other
hand, if you invest that same amount in a lucrative business or in an asset, It
may be worth billions in 20 years. ( Jim Ovia is now worth $980 million
dollars, with the official dollar rate of N320, that means he is worth N313
BILLION NAIRA because of an investment of N20 million).
Spend the little money you have today wisely. Some people driving expensive
cars today, are not aware that they are driving their future and the future of
their children. Some people carrying iphone7 today, may not be aware that
they are carrying their future.
When you are young, don't spend money. Invest it.
Every penny in your hand is like a seed, you can decide to eat it, or sow it.
When you sow it, it will bear much more seeds later in future.
Let's be wise. |
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