Never borrow money that accrues interest to start a business (except if you are paying for it through your salary); only borrow to grow your business.

This is because business takes a long time to gain ground and begin making profit, yet most loans repayments have to be made within a month of taking the loan or even earlier.

Most specially those that use to take all these online loan from mobile loan apps: Branch, Go Credit, Go Cash, Quiche Check, Alla Credit, LCredit, ECredit, Palm Credit etc. Lapo.

Therefore, never borrow money to start a business expecting that the business will generate income to pay back the borrowed money plus the interest.

Most of our market women have slept in the toilet all in the name of defaulting. If you notice these days there are some text messages dropping on your phone that a friend of yours has absconded after taking some amount of money from a loan app and he has been declare wanted as fraudster.

Never spend money you haven't received. Don't even promise someone money based on a promise you have from someone else.

If someone tells you: "Kunle, come to my office tomorrow at 10am and pick N3,000" don't go out to buy items on credit based on this promise, with the hope that you will pay off your creditor when the promised money comes; it may not come as promised and this will leave you in problems with your creditors.

If you want to save, whenever you receive money, don’t start spending hoping that you’ll save what remains.

Normally what remains is zero because as long as money to spend is available, the numerous things you can spend it on are also available. And things to spend on even incite their 'relatives' so that you spend even more than you had planned.

When money to spend is not available, we naturally find a way of doing without it. That's why I've learnt to save in an INVESTMENT ACCOUNT.

Once I send money there I assume I no longer have it. Before you spend any money, put your savings aside then spend what is left after saving.

When you get an opportunity to meet a very wealthy person, never ask for money. Ask for ideas on how to make money.

They may even choose to give you money on their own after seeing that your ideas are great, but let getting money from them never be your objective.

Keeping your seed instead of anting it. Many people stop at saving. It's very, very difficult to save and have all you need to maintain your lifestyle especially after retirement.