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Lifetime Millionaire on One Naira Daily Investing
- By Our Reporter
- Published Thursday 26th 2009
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Lifetime Millionaire on One Naira Daily Investing
If we take N1 and put it in a bank account that will enable it grow, unaffected by taxes and other charges, how long will it take to become One Million Naira or One Million units of currency? Or can it eventually become N1million? Well, let’s go to page 20 of the same book, “The Billionaire Investor” and find out. You may also wish to order for the book “Multiple Streams of Income” by Robert Allen or his report, “The Seven Secrets of Extremely Prosperous People” for more illustration. Well, let me assure you that N1 daily invested at any rate, even 5 per cent per annum, will eventually become a million naira someday. But the flip side is that the time it will take to hit this mark would be too great. It may be your great grand children that may have access to the wealth if it matures. I have written extensively on the Compound Interest formula.
For your information, the formula gives you
what various amounts of money put in an investment fund (stocks, bonds, mutual
funds etc) would become at a given period-end at a guaranteed rate of return.
The formula, A=P(1 +r/100)n, is known as the Compound Interest formula.
According to Albert Einstein, one of the world’s greatest physicists: “The
concept of compound interest is the greatest invention ever known to man.”
Think about that confession by Einstein. This formula is an invention, and if
you stick to this invention or formula, you will greatly increase in wealth. From
that formula, A=Amount at maturity. P=Principal or value of money invested,
r=rate of return of investment, n=number of years the money is invested. From
the example I gave you above, if you were to accumulate N1million using a
strategy that pays you 50 per cent per annum, by investing N1 daily only once,
then it will take 34 years to turn that amount to a million.. So, it will take
you just 34 years to become a millionaire if you can simply leave N1 in a fund
paying 50 per cent per annum. But let’s be realistic. Banks in
The stock market in
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39 Responses to "Lifetime Millionaire on One Naira Daily Investing" 
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said this on 28 Apr 2009 9:16:20 AM UTC
Illustration well understood. But what is your recommendation? It will be nice if you provide suggestions on what or where to invest in and what rate to expect. For sure, everyone wants to be a millionaire ;-)
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said this on 10 Jun 2009 12:54:30 PM UTC
Of what relevance is this article, since it is not applicable to the situation in Nigeria? Please be more realistic & give us investment tips that are more realistic. Besides, which investment institution will accept N1 daily deposit in Nigeria? Your article is totally unhelpful & discouraging to potential investors. You could do an article on what one is likely to get in say 10 - 20yrs time if he constantly invests N5000 monthly in mutual funds, stocks etc. Thank you.
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said this on 15 Jan 2013 5:56:07 AM UTC
i have been looking out for this in vain.thank GOD i eueatvnlly find this. i willmake my payment 1st thing this morning.i will work it out hard to achieve successfrom it cos i need the cash bad!! thank you ma.
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said this on 01 Feb 2013 6:25:20 PM UTC
Though I am increasingly impressed in relation to the creativity and productivity of the Blender Institute, I am reluctant to purchase a copy of the associated DVD of the “Mango Open Movie Project” because of concerns in relation to the direction of the film. Particularly I am worried by evident complexity of the plot in comparison to the predetermined time length target. In addition to the difficulty of conveying the central themes and narrative of the film, a substantial reliance upon low budget dialogue may produce similar failings to Ian Hubert’s previous project “Project London”. It is important to realise that superb cinematography can express the narrative much more pleasingly then poor dialogue. I.e. the principle of the proverb “A picture is worth one thousand words”. Furthermore the obvious potential for current and future attempts by the team to lengthen the time length of the film to compensate for the complexity of the plot will produce issues experienced by “Sintel”, particularly in the completion of the project in relation to the development of Blender during the period. In conclusion, concerns in relation to the project could be substantially lessened by obeying the time length target, reducing the complexity of the plot, and little reliance upon dialogue in favour of reliance upon cinematography and the potential of Blender.
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said this on 06 Feb 2013 7:35:15 AM UTC
Isn't it ironic… don't you think??And people told hitachi users to STFU with asking questions about LT2.0 well after the release on the major drives. LT3.0 has the new AP2.5 silver bullet feature and not even a day after the release of the new dash folks are starting to get restless. I really thought that this was the end of CFW as it appeared MS could just keep changing the DAE.bin at will. You should at least take comfort that a solution is in the works!I should reflect back on my post about why hitachi drives cause less headaches (at least the lower revisions). It's nice not having to mess around with title updates heh. About the only negative things i've been reading are due to weak lasers (the drives are what.. 5 years old now?? it's to be expected) and that hitachi lt2.0 can't play truncated games which people shouldn't be doing anyways.Yes.. waiting really sucks. I didn't come back here to gloat either. But I am sure I'm not the only one fascinated by the technical aspects of the situation and the rivalry between C4e and MS. It's like david and goliath. On an unrelated note.. I burned GOW3 on a windata DVD DL and the results are pretty good! it's a hell of a deal at $10 for a 25 pack. I used to buy 5 pack verbs for like $15 bucks lol…
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said this on 19 Feb 2013 8:15:54 AM UTC
Quote | CapoDeiCapi posted on Aug 24 2011 05:52 PM UTCHey guys,Based on feedback from the community, we've decided to unleash Crazy Vinny on the Black Market, and he will start slashing prices by 10 to 37 percent across all items. That's right, every single item will see a price drop, because that's how Crazy Vinny got his name.We'll start the price drop tomorrow and it will continue through Friday. All cuts should be done by the weekend.Keep a close eye on the Black Market over the next two days to find your deals! These price cuts are permanent.--KevinB Keep a close eye on the Black Market over the next two days to find your deals! These price cuts are permanent. These price cuts are permanent.Does that answer your question Detoxa? Last Edited on: Aug 25 2011 09:10 AM UTC (211 Days ago)
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said this on 19 Feb 2013 8:15:59 AM UTC
Quote | CapoDeiCapi posted on Aug 24 2011 05:52 PM UTCHey guys,Based on feedback from the community, we've decided to unleash Crazy Vinny on the Black Market, and he will start slashing prices by 10 to 37 percent across all items. That's right, every single item will see a price drop, because that's how Crazy Vinny got his name.We'll start the price drop tomorrow and it will continue through Friday. All cuts should be done by the weekend.Keep a close eye on the Black Market over the next two days to find your deals! These price cuts are permanent.--KevinB Keep a close eye on the Black Market over the next two days to find your deals! These price cuts are permanent. These price cuts are permanent.Does that answer your question Detoxa? Last Edited on: Aug 25 2011 09:10 AM UTC (211 Days ago)
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said this on 20 Feb 2013 5:24:54 AM UTC
We shld be careful here b4 we blame madam DG. Maybe she leased the whole Hotel for 8 months. Probably they take her to heaven daily to sleep among the angels. As 4 the food, if u spend N85000 on food in a hotel that charges the cost of building an estate for just 6 mths accommodation, then u are not fit to be a reputable customer of that hotel. So to properly qualify to be a respectable customer she must pay times 10 for the food, hence N850,000. Well, i think that is reasonable and responsible. If not, someone shld pls tell me what can ever justify spending N30m 4 staying in a hotel 4 just 6mths and N850,000(that can setup 100 mama-put 4 bus) for food in one day. Why shd she be in a hotel 4 that long in the first place? Her predecessor didn’t have a staff quarter? If she had laboured with her sweat to earn N5m after about 25yrs as pension, would she have brainlessly & irrationally squandered it in 6mths like that?Unfortunately, we have “innocent” victims awaiting trials for years in our prisons while irrefutable prison candidates are flaunting stolen wealth without care in our society. This our God is too patient. However He knows best, and we have to call Him sincerely to come and intervene b4 its too late. It is well.
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said this on 20 Feb 2013 5:24:57 AM UTC
We shld be careful here b4 we blame madam DG. Maybe she leased the whole Hotel for 8 months. Probably they take her to heaven daily to sleep among the angels. As 4 the food, if u spend N85000 on food in a hotel that charges the cost of building an estate for just 6 mths accommodation, then u are not fit to be a reputable customer of that hotel. So to properly qualify to be a respectable customer she must pay times 10 for the food, hence N850,000. Well, i think that is reasonable and responsible. If not, someone shld pls tell me what can ever justify spending N30m 4 staying in a hotel 4 just 6mths and N850,000(that can setup 100 mama-put 4 bus) for food in one day. Why shd she be in a hotel 4 that long in the first place? Her predecessor didn’t have a staff quarter? If she had laboured with her sweat to earn N5m after about 25yrs as pension, would she have brainlessly & irrationally squandered it in 6mths like that?Unfortunately, we have “innocent” victims awaiting trials for years in our prisons while irrefutable prison candidates are flaunting stolen wealth without care in our society. This our God is too patient. However He knows best, and we have to call Him sincerely to come and intervene b4 its too late. It is well.
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said this on 20 Feb 2013 5:25:00 AM UTC
We shld be careful here b4 we blame madam DG. Maybe she leased the whole Hotel for 8 months. Probably they take her to heaven daily to sleep among the angels. As 4 the food, if u spend N85000 on food in a hotel that charges the cost of building an estate for just 6 mths accommodation, then u are not fit to be a reputable customer of that hotel. So to properly qualify to be a respectable customer she must pay times 10 for the food, hence N850,000. Well, i think that is reasonable and responsible. If not, someone shld pls tell me what can ever justify spending N30m 4 staying in a hotel 4 just 6mths and N850,000(that can setup 100 mama-put 4 bus) for food in one day. Why shd she be in a hotel 4 that long in the first place? Her predecessor didn’t have a staff quarter? If she had laboured with her sweat to earn N5m after about 25yrs as pension, would she have brainlessly & irrationally squandered it in 6mths like that?Unfortunately, we have “innocent” victims awaiting trials for years in our prisons while irrefutable prison candidates are flaunting stolen wealth without care in our society. This our God is too patient. However He knows best, and we have to call Him sincerely to come and intervene b4 its too late. It is well.
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said this on 28 Feb 2013 9:56:20 AM UTC
The article on investment with application of compound intrest principle is too theoretical and not relevant to today/ future reality. As it did not take into consideration inflationary reality and time value of money. I will advise as a wealth creator & practitioner, thatnmy reader , to have a profession / job that will give regular sustainable income; their -in you can then consistently save at least 10 percent regularly and reinvest in growing stocks with sound fundamentals which over the years say 10 years minimally will grow in value to your target financial desire. Desire to know more - - then email me @ akbs5807@gmail.com for guide to online wealth club site and membership. ACT NOW! Can also click on link below:
http://www.onwealthclub.com/eincome Remember, if is to be it is up to me, to take massive actions on my desire! |
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said this on 04 Mar 2013 1:02:48 PM UTC
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said this on 09 Mar 2013 2:40:36 PM UTC
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said this on 14 Mar 2013 6:02:40 PM UTC
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said this on 20 Mar 2013 6:14:26 AM UTC
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said this on 09 Apr 2013 8:35:30 AM UTC
He points out that the junior mining sector is a very difficult place to invest money and also illustrates the risks of leverage.
Same cool net site!! I’m building up to something at the end. ) We have feelings to enable us to survive. Interesting species of plant with lovely flowers, well captured. A high-tech 3D-printed dress made its debut last week, with no less than style icon Dita Von Teese modeling. |
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said this on 09 Apr 2013 8:41:44 AM UTC
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said this on 09 Apr 2013 10:26:31 PM UTC
Carson, who was a great supporter of integrated education in Northern Ireland where Catholics are educated separately from Protestants,
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said this on 10 Apr 2013 12:29:09 AM UTC
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said this on 10 Apr 2013 2:32:35 PM UTC
Ironically, use value and exchange value don't seem to have any relationship. For friends of mine in the Northwest, at least (12) Oregon has outperformed the expectations of those of us in... Recently, the foundation was appointed the official status of 501(c)(3) nonprofit organization, based in Hallowell. The results were expected, given the PPP’s lower house majority and strong presence in provincial legislatures, which elect the senators. Not surprising to me that nobody remembers how to do it or cares enough to be sure the basics are being well handled.
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said this on 10 Apr 2013 2:54:50 PM UTC
“We spend about the same on fuel imports as we generate from our meat
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said this on 10 Apr 2013 7:11:08 PM UTC
Drummond writes papers for the C.D. Many of his views on education are better done
at the state level, and Mr. Il serait plus judicieux d'éxiger des experts immobiliers comme ceux qui sont nommes par les Tribunaux lors de litiges qui ferait un diagnostic complet de l'habitation car malgres le diagnostic l'acheteur peut se retrouver avec des surprises types toiture à changer, humidité importante, problème de structure de la maison qui eux ne sont pas analysés. Stay clear of tobacco use and monitor alcohol intake. I love the phrasing of that sentence. |
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said this on 10 Apr 2013 7:12:57 PM UTC
At which point you can expect 1) Obama will condemn the excesses of big money in politics,
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said this on 10 Apr 2013 7:16:03 PM UTC
Live video, complete with play-by-play, can be found at http:
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said this on 10 Apr 2013 7:18:43 PM UTC
our representative and he will take you to your choice hotel.
To me the motive of the oppressors is far less important than emphasizing the immorality of their actions. Rusia e parte integrantă a marii civilizații europene iar cetățenii ei „se simt europeni”, iată de ce Putin propune avansarea proiectelor care să conducă la formarea unui spațiu economic și uman unic, între Atlantic și Oceanul Pacific. the only thing left is for Obama to have a regulation passed outlawing combustion engines and requiring all Americans to buy a Chevy Volt. Its like men and women aren’t fascinated until it is one thing to accomplish with Lady gaga! |
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said this on 10 Apr 2013 7:29:41 PM UTC
Kara and 2NE1 going head to head is also something interesting to look at.
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said this on 10 Apr 2013 7:34:40 PM UTC
ACH est un outil analytique développé initialement par Richards Heuer pour
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said this on 10 Apr 2013 8:52:56 PM UTC
She is a liar just trying to cover for herself. Mas é difícil quando tudo já está compromissado e assinado.
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said this on 19 May 2013 1:10:20 AM UTC
Ground water in your residence might just be one of the
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said this on 19 May 2013 1:39:49 AM UTC
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