Many people wonder why an average Igbo man succeeds in business easily regardless of the field or inflation rate. This long-awaited mystery; the secret to Igbo businessman’s success is to be revealed in this blog post. Before I go far, lock yourself from distractions because we are talking serious business. An average Igbo businessman can afford luxury Christmas celebrations, travel during festive periods no matter the cost of living and still executive mega projects like building houses, buying cars etc.
You’re about to discover the secret to wealth creation. By now I know your ears are itching to hear something strange you haven’t heard of, far from it. The solution to complex issues is always simple, so much so that people tend to ignore it. Anyways, if you’re focusing on achieving this kind of goal and have financial freedom then take this seriously. Heard of Ajo, Adashe, Esusu or daily contribution? As common as this is, it is the ultimate secret of wealth creation for Igbo businessmen. I’ve interviewed and interacted with Igbo businessmen who are doing good in business and the secret they all shared is “Ajo daily savings”. So now you know! The secret is daily savings. Igbo businessmen save money daily through an Ajo collector who goes around the market or street to collect this money. This traditional method of savings has uplifted a lot of businesses. I engaged with a businessman in Abuja who bought land, built two houses and opened a new shop, (he achieved these in one year), and I was shocked when he told me the secret was Ajo and he further said he is saving 20,000 per day. Do the math yourself.
In Ajo savings, each month has 31 days irrespective of. Now 20000 multiplied by 31 is 620,000 for just one month. By one year he is saving 620,000 x 12 = N7,440,000.
How an Igbo Businessman Saves for Christmas
Now let me show you how an average Igbo man can afford to travel for Christmas no matter how expensive it might be. By January he is aware that he will travel in December, so he starts saving towards that. He saves 2000 per day from either January or February. 2000 x 31 = 62,000 by one year it’s N744,000. With this amount, he can afford any trip to his/her village and have a luxury celebration.
As simple as this is, do you know you can apply this principle towards any of your financial goals? Maybe house rent, school fees, projects, vacation, your business expansion or retirement plan. If you can maintain a consistent saving lifestyle, it will help your financial life and give you peace of mind, especially during emergencies. Always save money, if you can’t save daily, save weekly or monthly.
Start Saving
There are several reasons for saving, but no matter your goal for saving, dedication and commitment is the key. I know you want to put to work immediately what you have learnt but you’re wondering where to locate an Ajo collector, well no worries, we have designed an AjoApp to aid you in saving towards your financial goals. Ajoapp is a digital version of ajo/esusu/adashe and has been designed to suit every person, either as a business person, salary earner, artisan or even a driver/bike man. Sign up now for free on Ajoapp and let us assist you achieve financial freedom. We are by your side, every step of the way. Contact for more support
