Earnings and

Retaining
The Money Man-Finance Conversation

Adebayo Ajayi, PMP ®

 Money is a commodity accepted by general
consent as a medium of economic exchange.

Money is just a means of exchange, with the right

VALUE, you can make money.

Introductio Making money is just a part of the problem, the

other part is keeping the money made.
n
Financial decision is a quest between PRESENT
YOU and FUTURE YOU

Good financial management is taken your money

today and allowing it to travel to the future.
Money Myths- False Sayings
If I make a lot of
The only way to be You need to be rich It's too late to
money, I will be
rich is to pay TITHE to invest. invest.
fine.

Spending less than

Let your money Working Harder The Higher the
you earn is the
grow in your Means More Price, the Better
only way to
savings account Money the Product
financial freedom.

Giving to church is
Money Doesn’t A high income
the only way to All debts is bad
Buy Happiness makes you wealthy.
give to God
Finance 101

Earn Save Income Returns

Invest Spend Liability Investment

INCOME - SAVINGS = EXPENSES

 Finance Terms

Income- Expense- Savings- Assets- Liability- Investment-

• Any earnings • Any amount • Any money • Anything • Anything • Any amount
you make of money you put you own or that takes used to
that requires dispensed aside acquire that money from acquire an
your effort. without initially makes you you asset.
expectation money
of returns
 Budgeting

Savings

Elements of Investment

Personal
Finance The concept of Luxury

The concept of Debt

The concept of Giving

1. Budgeting
• This is the first step to managing
your finance
• Budgeting is the process of
creating a plan to spend your
money. This spending plan is
called a budget.
• Creating this spending plan allows
you to determine in advance
whether you will have enough
money to do the things you need
to do or would like to do.
2. Savings
• Saving is the portion of income not spent on current
expenditures. In other words, it is the money set aside
for future use and not spent immediately.

• Saving must be purposeful

Types of Savings
 Emergency Fund: (3-6 months)
Personalized savings
Thou shall not touch Savings
3. Investment
Investment is any amount used to acquire an asset.
Investing is the act of distributing resources into
something to generate income or gain profits.

Types of Investment
Bonds Guaranteed Investment certificates

Mutual funds

Stocks

Real Estate

Agricultural investment

Life Insurance

Retirement Savings Plan

3. The Concept of Luxury

• Luxury is the state of great comfort and

extravagant living.

• Is Luxury a Bad thing?

My Answer is NO

• However, the moment your luxury is not

coming at great ease and comfort, it
becomes a problem.

• The solution to enjoying luxury is to only use

return on investment and not your income to
buy luxury items
4. The concept of Debt

Good debt has the potential

Not all debts are bad. The
Debt is money borrowed by to increase your net worth
most prosperous country is
one party from another. or enhance your life in an
in debt.
important way.

Determining whether a debt

Bad debt involves borrowing
is good or bad sometimes
money to purchase rapidly
depends on an individual’s
depreciating assets or only
financial situation, including
for the purpose of
how much they can afford to
consumption.
lose.
 5. The Concept of Giving
Proverbs 3:27-28 ESV

Do not withhold good from those to whom it is due, when it is in your

power to do it. Do not say to your neighbor, “Go, and come again, tomorrow
I will give it”—when you have it with you.

Proverbs 19:17
If you help the poor, you are lending to the LORD— and he will repay you!

There is a dimension of financial prosperity that comes with giving.

Dive into it and commit to it every single month.

PS: Church is not the only place to give

7 Vital Money Lessons

Never leave a lot of

Live below your money in the bank, Acquire Assets and
means instead let it go to not liabilities
work by investing

Stop constantly You can never be You become wealthy

trading your freedom wealthy by playing in your mind before
for money, develop safe, take calculated you become wealthy
passive income. risks in your bank account

Take care of your

health first and
everytime