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How My Mother’s Advice Made Me Rich - Family - Nairaland

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How My Mother’s Advice Made Me Rich by eazzzy1(m): 1:23pm On Jan 01
When I was growing up in the 90’s, my dad decided he would put his kids on a monthly allowance. This was in 1999, my allowance was 500 naira.

The first time we got the ‘alert’ was a Saturday evening, I quickly took out #50 for flexing, I headed to the aboki at the juncture to buy suya.

Now in 1999 suya price started at #10 for a sizeable portion, I bought x 5 of a sizeable portion. I went home anticipating how I would devour my suya before going to bed.

On getting home my mum asked ‘what did you buy’? I pulled the suya out of the plastic bag and she looked at me like I murdered two people. She would take me back to the aboki to question him on why he would sell #50 suya to a kid. Of course sliced suya could not be returned so we took it back home. She seized the suya, gave me the hottest abaras I ever received. I slept after crying.

The next morning she gave me the talk. Our conversation went this;

Mum: how much is your allowance?

Me: #500

Mum:How much did you spend last night?

Me: #50.

Mum: If you spend #50 every night how long will your allowance last?

Me: Ten days

Mum: If your dad spent his salary in ten days where will your allowance, pocket money and school fees come from?

Me: dumbfounded

She gave me back my now cold suya. Collected the remaining of my allowance, handed 100 naira to me for the rest of the month.

The next allowance, I took out #100 and handed #400 over to her and that would continue till I finished primary school. At my graduation my mum bought a BMX bicycle and a white trainers from my savings. I became the first child in my family to own an asset paid for from pocket.

When I got into secondary school, saving was already an habit. I remember my siblings coming to collect money for fuel and food from me, ‘we need fuel borrow us 1k daddy will refund you when he comes’. Some times my dad would owe me to the tune of 10,000 naira then refund me in lump sum.

When I finished serving, I had over #700,000 in my bank account all from savings. No income asides NYSC & PPA allawee.

Currently, I have saved about 90% of my salary since 2015, then using the lump sum for something good. When I bought my house in 2018 I had 46% in down payment, as against the customary 5%. I have never bought a car with bank financing. All these because I don’t spend on the things I don’t need.

That advice made a huge impact in my life.

Cultivate the habit of saving this new year. The flexing, the expensive vacations, hair cuts, fancy designers you pass on today will make a difference in your life in the long run.

Happy New year my peoples.

22 Likes 3 Shares

Re: How My Mother’s Advice Made Me Rich by dawnomike(m): 1:33pm On Jan 01
Very good one... Saving and Investing

I saved so much as a kid... But mum would always borrow my money and never return it grin

When I finally had sense...I said NO! to illicit lending grin

Op I am glad to took Mama's lessons to heart...

3 Likes 1 Share

Re: How My Mother’s Advice Made Me Rich by Havesomesense(m): 1:38pm On Jan 01
were you in a relationship with a girl ? and how did you cope ?
These days having a girlfriend is like having a hole in your pockets

2 Likes

Re: How My Mother’s Advice Made Me Rich by eazzzy1(m): 1:39pm On Jan 01
dawnomike:
Very good one... Saving and Investing

I saved so much as a kid... But mum would always borrow my money and never return it grin

You are correct. I focused on savings because it is when you have the money without things to spend on that you would think of investments.

Lol your mumcy la gangster. Before I left the country I moved all my funds to my mums account and I never bothered asking about it anymore. They deserve it anyway.

1 Like

Re: How My Mother’s Advice Made Me Rich by James4358(m): 1:42pm On Jan 01
If it was for only 'savings', i would have become a church rat by now! My dad was always sick, & d savings never lasted long. 'invested is the key'
Re: How My Mother’s Advice Made Me Rich by mariahAngel: 1:44pm On Jan 01
dawnomike:
Very good one... Saving and Investing

I saved so much as a kid... But mum would always borrow my money and never return it grin

When I finally had sense...I said NO! to illicit lending grin

Op I am glad to took Mama's lessons to heart...



grin grin grin
If we had to collect all the money our mothers "borrowed" from us, we'd all be richer than Dangote. grin

@op, Kudos to your dad, yes, YOUR DAD, for the allowances, and thanks to your mum for imbibing the prudent nature in you.
Re: How My Mother’s Advice Made Me Rich by eazzzy1(m): 1:45pm On Jan 01
Havesomesense:
were you in a relationship with a girl ?
and how did you cope ?

These days having a girlfriend is like having a hole in your pockets

I haven’t dated a girl that I took as responsibility. Asides gifts for special occasions, eat out once a while etc. I don’t even spend on myself talkless of girlfriend.
Re: How My Mother’s Advice Made Me Rich by eazzzy1(m): 1:48pm On Jan 01
mariahAngel:


grin grin grin
If we had to collect all the money our mothers "borrowed" from us, we'd all be richer than Dangote. grin

grin surprisingly my mom always came through. She may not know the exact amount you have with her, she may give you less or more but she always have the money whenever you are ready.

1 Like

Re: How My Mother’s Advice Made Me Rich by Dundalk(m): 1:53pm On Jan 01
mariahAngel:


grin grin grin
If we had to collect all the money our mothers "borrowed" from us, we'd all be richer than Dangote. grin

@op, Kudos to your dad, yes, YOUR DAD, for the allowances, and thanks to your mum for imbibing the prudent nature in you.
show me littile blessing maria
Re: How My Mother’s Advice Made Me Rich by mariahAngel: 1:56pm On Jan 01
Dundalk:
show me littile blessing maria

How nwanne?
Re: How My Mother’s Advice Made Me Rich by Dundalk(m): 2:02pm On Jan 01
mariahAngel:

How nwanne?
make i drop my aza for a little token,happy new year..
Re: How My Mother’s Advice Made Me Rich by NoLotty7(m): 2:02pm On Jan 01
Never been that lucky child at childhood.
Re: How My Mother’s Advice Made Me Rich by mariahAngel: 2:04pm On Jan 01
Dundalk:
make i drop my aza for a little token,happy new year..

I for say make you drop, but my ish with you na bet9ja.

You go go take am play am.
Re: How My Mother’s Advice Made Me Rich by Dundalk(m): 2:12pm On Jan 01
mariahAngel:


I for say make you drop, but my ish with you na bet9ja.

You go go take am play am.
am not on betting anymore..i quit since.
Re: How My Mother’s Advice Made Me Rich by eazzzy1(m): 2:21pm On Jan 01
NoLotty7:
Never been that lucky child at childhood.

You can make your children that ‘lucky child’ by the decisions you make now.

4 Likes

Re: How My Mother’s Advice Made Me Rich by mariahAngel: 2:36pm On Jan 01
.
Re: How My Mother’s Advice Made Me Rich by bukatyne(f): 2:42pm On Jan 01
mariahAngel:


grin grin grin
If we had to collect all the money our mothers "borrowed" from us, we'd all be richer than Dangote. grin

@op, Kudos to your dad, yes, YOUR DAD, for the allowances, and thanks to your mum for imbibing the prudent nature in you.
Re: How My Mother’s Advice Made Me Rich by Dundalk(m): 2:45pm On Jan 01
mariahAngel:


Most of your comments are on betting threads undecided
i knew what betting has done to my life already,this is my first post since few months ago.now i manage buy keypad phone today.(#3000).nothing left 4 me now.i even leave north come south to hustle.believe me...i quit...
Re: How My Mother’s Advice Made Me Rich by merieam16(f): 2:50pm On Jan 01
Nice one
Re: How My Mother’s Advice Made Me Rich by eazzzy1(m): 2:56pm On Jan 01
[quote author=bukatyne post=97616047][/quote]

grin Buka why you emphasize the Dad na? My dad really didn’t care about how we spent the money. The topic is really about how I cultivated the habit of saving and it’s all thanks to my mom and the suya experience.
Re: How My Mother’s Advice Made Me Rich by 4lorunsho(m): 3:03pm On Jan 01
I love this but the ish I have with what you said, most of us did not stay undr our parent, rent don take most of our savings and repairs but were going to be better this year

1 Like

Re: How My Mother’s Advice Made Me Rich by BlessedNuel: 3:05pm On Jan 01
Nice article... thanks for sharing
Re: How My Mother’s Advice Made Me Rich by mariahAngel: 3:23pm On Jan 01
[quote author=bukatyne post=97616047][/quote]

Eku odun tuntun iya wa. smiley
Re: How My Mother’s Advice Made Me Rich by eezeribe(m): 3:43pm On Jan 01
eazzzy1:
When I was growing up in the 90’s, my dad decided he would put his kids on a monthly allowance. This was in 1999, my allowance was 500 naira.

The first time we got the ‘alert’ was a Saturday evening, I quickly took out #50 for flexing, I headed to the aboki at the juncture to buy suya.

Now in 1999 suya price started at #10 for a sizeable portion, I bought x 5 of a sizeable portion. I went home anticipating how I would devour my suya before going to bed.

On getting home my mum asked ‘what did you buy’? I pulled the suya out of the plastic bag and she looked at me like I murdered two people. She would take me back to the aboki to question him on why he would sell #50 suya to an 8 year old. Of course sliced suya could not be returned so we took it back home. She seized the suya, gave me the hottest abaras I ever received. I slept after crying.

The next morning she gave me the talk. Our conversation went this;

Mum: how much is your allowance?

Me: #500

Mum:How much did you spend last night?

Me: #50.

Mum: If you spend #50 every night how long will your allowance last?

Me: Ten days

Mum: If your dad spent his salary in ten days where will your allowance, pocket money and school fees come from?

Me: dumbfounded

She gave me back my now cold suya. Collected the remaining of my allowance, handed 100 naira to me for the rest of the month.

The next allowance, I took out #100 and handed #400 over to her and that would continue till I finished primary school. At my graduation my mum bought a BMX bicycle and a white trainers from my savings. I became the first child in my family to own an asset paid for from pocket.

When I got into secondary school, saving was already an habit. I remember my siblings coming to collect money for fuel and food from me, ‘we need fuel borrow us 1k daddy will refund you when he comes’. Some times my dad would owe me to the tune of 10,000 naira then refund me in lump sum.

When I finished serving at age 21, I had over #700,000 in my bank account all from savings. No income asides NYSC & PPA allawee.

I’m 29 now, I have saved about 90% of my salary since 2015, then using the lump sum for something good. When I bought my house in 2018 I had 46% in down payment, as against the customary 5%. I have never bought a car with bank financing. All these because I don’t spend on the things I don’t need.

That advice made a huge impact in my life.

Cultivate the habit of saving this new year. The flexing, the expensive vacations, hair cuts, fancy designers you pass on today will make a difference in your life in the long run.

Happy New year my peoples.

Why didn't your mum help your other siblings in saving their monthly stipends.... Or was she partial in her relationship with her other kids?
Re: How My Mother’s Advice Made Me Rich by eazzzy1(m): 5:09pm On Jan 01
eezeribe:

Why didn't your mum help your other siblings in saving their monthly stipends.... Or was she partial in her relationship with her other kids?

I was the only one who spent same night the money came, and I was the only one who spent on what she considered frivolity. If I had bought a wrist watch or a toy, she wouldn’t have gotten that upset.
Re: How My Mother’s Advice Made Me Rich by Richy4(m): 5:19pm On Jan 01
I didn't know there was an "alert" in the 90s'.... was it Nigerian banking system or abroad... just thinking allowed smiley

2 Likes

Re: How My Mother’s Advice Made Me Rich by Ochyes: 5:46pm On Jan 01
You had a wise mum. Kudos to her.

1 Like

Re: How My Mother’s Advice Made Me Rich by eezeribe(m): 5:56pm On Jan 01
eazzzy1:


I was the only one who spent same night the money came, and I was the only one who spent on what she considered frivolity. If I had bought a wrist watch or a toy, she wouldn’t have gotten that upset.

OK God bless your mum and it's good you learnt the importance of saving... I actually made my first two million naira from saving. You are doing well.

1 Like

Re: How My Mother’s Advice Made Me Rich by nanauju(f): 6:03pm On Jan 01
Some of us didn’t have that privilege of receiving allowances from our parents but then we taught ourselves how to save from the little we earned

2 Likes

Re: How My Mother’s Advice Made Me Rich by inegbedion30210: 6:33pm On Jan 01
Never been that lucky child at childhood.
Re: How My Mother’s Advice Made Me Rich by eazzzy1(m): 6:58pm On Jan 01
Richy4:
I didn't know there was an "alert" in the 90s'.... was it Nigerian banking system or abroad... just thinking allowed smiley

Lol the same reason why ‘alert’ is in quotes. Cash alert lol.

1 Like

Re: How My Mother’s Advice Made Me Rich by eazzzy1(m): 7:00pm On Jan 01
nanauju:
Some of us didn’t have that privilege of receiving allowances from our parents but then we taught ourselves how to save from the little we earned

Keep it up Nne, your children will be privileged. I didn’t grow up on trust fund but I will set one up for my kids.

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