Money Habits Grandma Taught Me

By Luke Pentagon

In Money Habits Grandma Taught Me, fifteen simple habits for increased financial intelligence are outlined.

The book reveals how to attract financial success by the adoption of certain practical behaviors and by mastering the psychology of money. In Money Habits Grandma Taught Me, you will learn the following:

How to make money through aggressive exploits
How money increases through careful investments
How to accumulate massive savings through passion and determination
Why some people achieve huge financial success while others live and die in penury
How money acquired by dishonesty disappears in a short time
How to handle the challenges of fake friends associated with much money
Why money is a seed and how to generate much more by appropriate timely deployment
All the solutions to your financial problems
And lots, lots more

Money Habits Grandma Taught Me is a book you will not only want to read yourself but also recommend to friends and every young person starting out in life.

• Language: English
• Publisher: AuthorHouse UK
• Release date: May 31, 2016
• ISBN: 9781504943222

Luke Pentagon

Luke N. Onuoha is the vice president for financial administration and a professor of accounting and finance at Babcock University. He is also a fellow of the Institute of Chartered Accountants of Nigeria (FCA). Among his published works include The Way to Wealth; Make Money, Retire Happy; The Hand of God: Success Story of a Village Boy (An Autobiography); and Your Money or Your Marriage (co-author). He has been a regular facilitator at several seminars in personal financial management. Dr. Onuoha is married to the amiable Dr. (Mrs.) Uloma D. Onuoha. Both live in Ilishan Remo with their children.

Book preview

© 2016 Luke Pentagon. All rights reserved.

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

Published by AuthorHouse 05/11/2016

ISBN: 978-1-5049-4323-9 (sc)

ISBN: 978-1-5049-4322-2 (e)

Any people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only.

Certain stock imagery © Thinkstock.

Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

Contents

1. Money is shy: it must be wooed just like a desperate lover goes after a maiden of his fancy.

2. Money loves the company of other money.

3. Money respects the vault of those who are meticulous in the habit of keeping it.

4. Money obeys the command of a genuine purpose.

5. Money gathered in a large quantity gives visibility and a voice to its owner.

6. Money multiplies through the force of careful investment.

7. Money abhors the vaults of those who are idle or reckless in spending.

8. Money is a very loyal servant when engaged like a slave.

9. Money saved in large quantity is a delightful guest on a rainy day.

10. Money is a sluggish worker when engaged in a business unfamiliar to its owner.

11. Money is a powerful evangelist to those in abject want.

12. Money acquired by dishonesty evaporates like the morning dew.

13. Money is a guest: she comes, and she goes.

14. Money invites friendship – the owner must separate the genuine from the fake.

15. Money is like a seed: sowed in season, it generates more.

Author’s Note

It is the general belief that only about 10 per cent of the population gives serious thought to how they make money and how they spend or conserve it. This book is for those who want to become more financially intelligent. It reveals the secret psychology of money and how, by taking control of the getting, spending, and conservation of your money, you can achieve about anything you set your heart to do. Money Habits Grandma Taught Me provides deep insights on how simple rules of habit can lead to financial freedom.

1.

Money is shy: it must be wooed just like a desperate lover goes after a maiden of his fancy.

Go after your heart, son, my grandma said repeatedly to me. You will have to make the first move. She’s shy and will not smile at you until you show her you care. That’s the rule of life with a maiden. The same is true for money, my son.

I cannot recall how early in life I began to hear Grandma say these words to me. Maybe as early as when I was six or seven. She would say them without effort and always with a smile that betrayed her inner conviction about how correct she thought she was.

Grandma once told me that money had always been a problem in her house. She always quarrelled with Grandpa over money. If it was not about how to work for it, it was about how to spend it. Something about money always caused some trouble in the house. Grandma and Grandpa had become so used to each other that, after some time, those money quarrels no longer stirred any negative emotions between them. They could disagree seven times and make up ten times in a single day. From those interactions, I believe Grandma found her own education about money.

Just as a young lover wakes each morning to kiss his spouse in sweet sensation, for Grandma it was always that anyone seeking to make money must rise early each day and go after the calling of his loving fancy with unquestionable sweetness in his heart. It is a question of passion. The more you love, the more you are willing to give in time, silver, and gold. And Grandma would nearly always say to me, Those who give more receive the most.

Whether it is in the act of working for money or in the business of showing love to your spouse, what you give defines what you receive in return.

The bolder the act, the greater the response, Grandma would say.

I have always believed that Grandma was right. Growing up, I never thought I should challenge Grandma’s wisdom in anything she said. This was not because I lacked the intelligence to carry through. Instead, I was sold to the wisdom of listening, persuaded that the more I heard her speak, the wiser I would become. I also reasoned that Grandma judged my maturity by how many fewer questions I asked her. I knew this because one day she said to me, Wisdom comes from hearing. Keep my words in your heart. You will need and profit by them in your later years.

With every sense of modesty, I make haste to confess that I have profited beyond measure from those golden words of my grandma.

One day, Grandma said to me, If you love a woman and show her that you love her, the likelihood is that she will love you in return. But hate her, and the equal and opposite likelihood is that she will return hatred to you. Seeking for money goes the same way, son. Tell money in the face, through intelligent hard work, that you want her company, and she will come chasing after you. You must first stretch your hand and reach out for her through the positive labour of your hands or head. Son, you have to be bold with money to claim her. If you remain aloof in your corner and do nothing to woo her to your estate, money will turn her face to other seekers who are more eager to welcome her.

Should you think about it? No one is ever comfortable at a party to which he was not invited, was my unrehearsed response.

That, my son, is the logic. Grandma went on. "If you want money to come to you,