Dr V: Let today’s talk be on finances
Most internship trainings pays a 100k plus
1. What is the least amount to be kept aside for savings
2. What will the money saved be used for at the end of the financial year e. g car, land, marriage etc
3. What amount will be used to provide help to those around you
4. After internship what next eg MBA, MPH, primaries, etc
Dr Abraham: 1) 50%
2) For professional personal development
4) Master’s program or PGD
Dr Winner: Good. Great topic. Dr Vware start up please.
Ijecks: 😂😂😂 O si ya startup
Pharm Tonasibe: Saving 50% is not advisable in today’s economy…your 50% might just end up as 20% in a few months
Dr Abraham: I have a goal and what I used the money to achieve does not run a contributory scheme.
Pharm Tonasibe: 🤗🤗🤗🤗
Dr Winner: Your salary might be, say 170k, so make it a contribution of, say 100k. You can also be putting aside 20k as savings in another account for emergency things required at home.
Ijecks: Winner 🤔🤔🤔
Dr Winner: Plan ahead what you want to do with your bulk money. In my opinion, get yourself a car after you collect your bulk money. I feel it’s a necessity for you as a doctor.
Land and other things will come. But remember, priorities differ.
Dr Winner: Some may prefer to get a land
Dr Winner: And trek for a long time till they can get a car. Which is also good.
Pharm Tonasibe: Once you get a car, everyone assumes you’ve finally arrived
Ijecks: Lol. True sha
Dr Winner: The remaining 20k you’re putting aside every month will be to use in registration for exams after housejob or any course you may want to do, for feeding, for mobility, etc. Cause after housejob, life begins really, that’s true.
Pharm Tonasibe: When I lost my phone…My boss at work mentioned that people that use my type of phone don’t fly bike around😥😪
Sct Godchosen: So what do u suggest?
Dr Winner: And bros, relationship is not for you now.
Pharm Tonasibe: I saw a fact in his sarcastic comment😒…so I’m getting a new BMX bicycle, Sir Sina Peter’s house is definitely worth more than 20M now
Dr Winner : I’ll prefer that, I have direction for my professional career, and already on it before I bring in someone to partner with me in that.
Relationship during housejob might not add much to you.
Dr Abraham: Is it worth more than Zenith Bank is the real question?
Dr Rex: Hmmm…….No offence but, Winner, not everyone has age on their side o!Some people dey marry right after house job and the right relationship actually propels you faster towards ur goals
Dr Winner: And again, stay away from Ponzi, networking businesses, pyramid schemes, etc. It always collapses or I’ll rather say, it always stunts at a time.
Sct Sophy:The bigger a house the bigger the cost of maintenance, Especially when the occupant size reduces,you can say the land upon which he built the house has appreciated based on its location etc
Pharm Tonasibe: You can’t compare Sir Shina Peters Lifestyle and education level with Jim Ovia
Dr Abraham: Buying a car is easier than maintaining it.So I choose to reason like Jim Ovia
Sct Sophy : E.g when he was building the house the best roofing sheet he used as at that time isn’t the best now.The only way the house would be a source of increased revenue is if he wants to turn it to tourist attraction for whatever reason .Lol ,The land appreciates.Not the building @Tonasibe house structure drops over time
Pharm Tonasibe: And remember as a health professional, there’s lil to no time to run a business
Dr Abraham: That was then. Bro, we have the power of the internet with us.
Ijecks: you hit a point sha
Pharm Tonasibe: There’s a lil the internet can do…you still need people
Pharm Tonasibe: And people ain’t loyal bro
Dr Abraham: I already have 2 businesses that I have started. Those working with me do there work remotely.
Dr Abraham: If it isn’t a priority, the time for it won’t be there.
Sct Godchosen: A land can be part of investing in yourself.If you want to own a diagnostic Centre. As you are paid ur salary, u do that gradually and ur centre ‘ll stand soonest.My opinion
Ijecks: Very true
Dr Abraham: You can choose to have a co-founder
Dr Winner : Hmmmm. This guy get plan o 👍🏻👍🏻👍🏻
Dr Abraham: I will suggest you rent a shop and start from there. Your ROI will end up paying for the land for your ‘permanent site’
Sct Godchosen: When you are working?
Sct Tonasibe: I’ve many businesses I run too…but mehn there’s nothing like having ample time to enjoy life.
Ijecks: Lol ,i beg to differ here, that you own a business does not mean you would always gain from it, even though the main reason of opening a business to make profit.The silent killer of many start up biz is rent and so many payments of bills ,power, tax and lots more.
Dr Abraham: I really don’t want to enjoy life yet in small bits.
I want to enjoy life close to its fullest at the right time.
Sct Godchosen: I know someone that has worked for years getting to retirement and is now renting for her lab.It shouldn’t be so.I think that as one works and runs other businesses, planning sets in. I wouldn’t want to rent a shop and be paying *when I decide to retire myself*. I ‘ll want pple to be paying me.
Ijecks: Thats why you see some shops/small scale busineses fold-up after a year, it can be very depressing.
Dr Winner : Better to pay now and play later
Dr Abraham: Not while working. I mean you don’t have to work for 20 years to start.
Pharm Tonasibe: Read Steve Jobs Death Bed Statement and have a change of mind
Sct Godchosen: Enjoy life as you get it.Don’t wait for tomorrow b/cos we don’t know abt it
Pharm Eniola: Summary
Pharm Tonasibe: Balance everything now…there’s no better time to enjoy life than now!
Dr Abraham: Lol!@Ijecks I beg to differ. The silent killer is improper management.
Pharm Tonasibe: I’ll look for it and paste it here
Sct Godchosen: If I should be able to retire my self to my own centre before that year So, if I can get a centre and avoid rent, why not?
Dr Abraham: What exactly can you afford to enjoy now. When I am talking about enjoyment, I am not talking about going to the cinema to watch a movie. I am talking about luxury.
Sct Godchosen: Depends on what makes u happy.I wasn’t talking about cinema or luxurious life style.I am talking about getting time to make u happy So the question should be more of, what makes one happy? We are all different
Pharm Tonasibe: “I reached the pinnacle of success in the business world. In others’ eyes, my life is an epitome of success.
However, aside from work, I have little joy. In the end, wealth is only a fact of life that I am accustomed to.
At this moment, lying on the sick bed and recalling my whole life, I realize that all the recognition and wealth that I took so much pride in, have paled and become meaningless in the face of impending death.
In the darkness, I look at the green lights from the life supporting machines and hear the humming mechanical sounds, I can feel the breath of god of death drawing closer…
Now I know, when we have accumulated sufficient wealth to last our lifetime, we should pursue other matters that are unrelated to wealth…
Should be something that is more important:
Perhaps relationships, perhaps art, perhaps a dream from younger days
Non-stop pursuing of wealth will only turn a person into a twisted being, just like me.
God gave us the senses to let us feel the love in everyone’s heart, not the illusions brought about by wealth.
The wealth I have won in my life I cannot bring with me. What I can bring is only the memories precipitated by love.
That’s the true riches which will follow you, accompany you, giving you strength and light to go on.
Love can travel a thousand miles. Life has no limit. Go where you want to go. Reach the height you want to reach. It is all in your heart and in your hands.
What is the most expensive bed in the world?
You can employ someone to drive the car for you, make money for you but you cannot have someone to bear the sickness for you.
Material things lost can be found. But there is one thing that can never be found when it is lost – Life.
When a person goes into the operating room, he will realize that there is one book that he has yet to finish reading – Book of Healthy Life.
Whichever stage in life we are at right now, with time, we will face the day when the curtain comes down.
Treasure Love for your family, love for your spouse, love for your friends.
Treat yourself well. Cherish others.”
To be Continued…….