21 Ways Rich People Think Differently From Average People

21 Ways Rich People Think Differently
By Mandi Woodruff
World's richest woman Gina Rinehart is enduring a
media firestorm over an article in which she takes
the "jealous" middle class to task for "drinking, or
smoking and socializing" rather than working to
earn their own fortune.
What if she has a point?
Steve Siebold, author of "How Rich People Think,"
spent nearly three decades interviewing millionaires
around the world to find out what separates them
from everyone else.
It had little to do with money itself, he told Business
Insider. It was about their mentality.
"[The middle class] tells people to be happy with
what they have," he said. "And on the whole, most
people are steeped in fear when it comes to
money."

1. Average people think MONEY is the root of all
evil. Rich people believe POVERTY is the root of all
evil.
"The average person has been brainwashed to
believe rich people are lucky or dishonest," Siebold
writes.
That's why there's a certain shame that comes
along with "getting rich" in lower-income
communities.
"The world class knows that while having money
doesn't guarantee happiness, it does make your life
easier and more enjoyable."

2. Average people think selfishness is a vice. Rich
people think selfishness is a virtue.
"The rich go out there and try to make themselves
happy. They don't try to pretend to save the world,"
Siebold told Business Insider.
The problem is that middle class people see that as
a negative––and it's keeping them poor, he writes.
"If you're not taking care of you, you're not in a
position to help anyone else. You can't give what
you don't have."

3. Average people have a lottery mentality. Rich
people have an action mentality.
"While the masses are waiting to pick the right
numbers and praying for prosperity, the great ones
are solving problems," Siebold writes.
"The hero [middle class people] are waiting for may
be God, government, their boss or their spouse. It's
the average person's level of thinking that breeds
this approach to life and living while the clock
keeps ticking away."

4. Average people think the road to riches is paved
with formal education. Rich people believe in
acquiring specific knowledge.
"Many world-class performers have little formal
education, and have amassed their wealth through
the acquisition and subsequent sale of specific
knowledge," he writes.
"Meanwhile, the masses are convinced that
master's degrees and doctorates are the way to
wealth, mostly because they are trapped in the
linear line of thought that holds them back from
higher levels of consciousness...The wealthy aren't
interested in the means, only the end."

5. Average people long for the good old days. Rich
people dream of the future.
"Self-made millionaires get rich because they're
willing to bet on themselves and project their
dreams, goals and ideas into an unknown future,"
Siebold writes.
"People who believe their best days are behind
them rarely get rich, and often struggle with
unhappiness and depression."

6. Average people see money through the eyes of
emotion. Rich people think about money logically.
"An ordinarily smart, well-educated and otherwise
successful person can be instantly transformed into
a fear-based, scarcity driven thinker whose
greatest financial aspiration is to retire
comfortably," he writes.
"The world class sees money for what it is and
what it's not, through the eyes of logic. The great
ones know money is a critical tool that presents
options and opportunities."

7. Average people earn money doing things they
don't love. Rich people follow their passion.
"To the average person, it looks like the rich are
working all the time," Siebold says. "But one of the
smartest strategies of the world class is doing what
they love and finding a way to get paid for it."
On the other hand, middle class take jobs they don't
enjoy "because they need the money and they've
been trained in school and conditioned by society to
live in a linear thinking world that equates earning
money with physical or mental effort."

8. Average people set low expectations so they're
never disappointed. Rich people are up for the
challenge.
"Psychologists and other mental health experts
often advise people to set low expectations for their
life to ensure they are not disappointed," Siebold
writes.
"No one would ever strike it rich and live their
dreams without huge expectations."

9. Average people believe you have to DO
something to get rich. Rich people believe you have
to BE something to get rich.
"That's why people like Donald Trump go from
millionaire to nine billion dollars in debt and come
back richer than ever," he writes.
"While the masses are fixated on the doing and the
immediate results of their actions, the great ones
are learning and growing from every experience,
whether it's a success or a failure, knowing their
true reward is becoming a human success machine
that eventually produces outstanding results."

10. Average people believe you need money to
make money. Rich people use other people's
money.
Linear thought might tell people to make money in
order to earn more, but Siebold says the rich aren't
afraid to fund their future from other people's
pockets.
"Rich people know not being solvent enough to
personally afford something is not relevant. The real
question is, 'Is this worth buying, investing in, or
pursuing?'" he writes.

11. Average people believe the markets are driven
by logic and strategy. Rich people know they're
driven by emotion and greed.
Investing successfully in the stock market isn't just
about a fancy math formula.
"The rich know that the primary emotions that drive
financial markets are fear and greed, and they
factor this into all trades and trends they observe,"
Siebold writes.
"This knowledge of human nature and its
overlapping impact on trading give them strategic
advantage in building greater wealth through
leverage."

12. Average people live beyond their means. Rich
people live below theirs.
"Here's how to live below your means and tap into
the secret wealthy people have used for centuries:
Get rich so you can afford to," he writes.
"The rich live below their means, not because
they're so savvy, but because they make so much
money that they can afford to live like royalty while
still having a king's ransom socked away for the
future."

13. Average people teach their children how to
survive. Rich people teach their kids to get rich.
Rich parents teach their kids from an early age
about the world of "haves" and "have-nots,"
Siebold says. Even he admits many people have
argued that he's supporting the idea of elitism.
He disagrees.
"[People] say parents are teaching their kids to look
down on the masses because they're poor. This
isn't true," he writes. "What they're teaching their
kids is to see the world through the eyes of
objective reality––the way society really is."
If children understand wealth early on, they'll be
more likely to strive for it later in life.

14. Average people let money stress them out. Rich
people find peace of mind in wealth.
The reason wealthy people earn more wealth is that
they're not afraid to admit that money can solve
most problems, Siebold says.
"[The middle class] sees money as a never-ending
necessary evil that must be endured as part of life.
The world class sees money as the great liberator,
and with enough of it, they are able to purchase
financial peace of mind."

15. Average people would rather be entertained than
educated. Rich people would rather be educated
than entertained.
While the rich don't put much stock in furthering
wealth through formal education, they appreciate
the power of learning long after college is over,
Siebold says.
"Walk into a wealthy person's home and one of the
first things you'll see is an extensive library of
books they've used to educate themselves on how
to become more successful," he writes.
"The middle class reads novels, tabloids and
entertainment magazines."

16. Average people think rich people are snobs.
Rich people just want to surround themselves with
like-minded people.
The negative money mentality poisoning the middle
class is what keeps the rich hanging out with the
rich, he says.
"[Rich people] can't afford the messages of doom
and gloom," he writes. "This is often misinterpreted
by the masses as snobbery.
Labeling the world class as snobs is another way
the middle class finds to feel better bout themselves
and their chosen path of mediocrity."

17. Average people focus on saving. Rich people
focus on earning.
Siebold theorizes that the wealthy focus on what
they'll gain by taking risks, rather than how to save
what they have.
"The masses are so focused on clipping coupons
and living frugally they miss major opportunities,"
he writes.
"Even in the midst of a cash flow crisis, the rich
reject the nickle and dime thinking of the masses.
They are the masters of focusing their mental
energy where it belongs: on the big money."

18. Average people play it safe with money . Rich
people know when to take risks.
"Leverage is the watchword of the rich," Siebold
writes.
"Every investor loses money on occasion, but the
world class knows no matter what happens, they
will aways be able to earn more."

19. Average people love to be comfortable. Rich
people find comfort in uncertainty.
For the most part, it takes guts to take the risks
necessary to make it as a millionaire––a challenge
most middle class thinkers aren't comfortable living
with.
"Physical, psychological, and emotional comfort is
the primary goal of the middle class mindset,"
Siebold writes.
World class thinkers learn early on that becoming a
millionaire isn't easy and the need for comfort can
be devastating. They learn to be comfortable while
operating in a state of ongoing uncertainty."

20. Average people never make the connection
between money and health. Rich people know
money can save your life.
While the middle class squabbles over the virtues of
Obamacare and their company's health plan, the
super wealthy are enrolled in a super elite "boutique
medical care" association, Siebold says.
"They pay a substantial yearly membership fee that
guarantees them 24-hour access to a private
physician who only serves a small group of
members," he writes.
"Some wealthy neighborhoods have implemented
this strategy and even require the physician to live
in the neighborhood."

21. Average people believe they must choose
between a great family and being rich. Rich people
know you can have it all.
The idea the wealth must come at the expense of
family time is nothing but a "cop-out", Siebold says.
"The masses have been brainwashed to believe it's
an either/or equation," he writes. "The rich know
you can have anything you want if you approach
the challenge with a mindset rooted in love and
abundance."

From Steve Siebold, author of "How Rich People
Think."

http://finance.yahoo.com/news/21-ways-rich-
people-think-differently.html?page=2

TEN MUST HAVE NEW YEAR RESOLUTIONS FOR 2014

TEN MUST HAVE NEW YEAR RESOLUTIONS

1. RESOLVE TO START BELIEVING IN YOURSELF.
In this year 2014, you must make a resolution to believe in yourself. You see, the truth is, if you don't believe in yourself, no one else will. If you believe in your abilities and potential, you will automatically attract the right people and opportunities into your life.

2. RESOLVE TO LISTEN LESS TO WHAT PEOPLE SAY ABOUT YOU.
It is possible you spent 2013 trying to get approval from people, you always thought of what people will say if you took an action. 2014 should take a separate turn, instead of thinking of what people will say, ask yourself, "what will God say? ". Don't live your life trying to please people!

3. RESOLVE TO NEVER ALLOW SELF PITY.
It is better for people to envy you than for them to pity you but it much better for people to pity you than for you to pity yourself. Self pity kills faster than AIDS! it will demean you and reduce your self esteem and courage. No matter how 2013 was, don't pity yourself, rather, encourage yourself! Tell yourself you are going to get better.

4. RESOLVE TO START ACTING!
Stop talking too much and start acting! Talk has kept you in the position you find yourself, action will take you forward. Resolve to make 2014 an action year. Change your mindset from 'I will do' to 'I am doing '. The only way to achieve your goals for 2014 is to start acting on them. Don't worry when you make mistakes on the way, learn from them and keep it acting!

5. RESOLVE TO GET CLOSER TO GOD.
Improve on your spiritual life. Nothing gives you inner peace like living in harmony with God. Without God in 2014, you will move on the slow lane. A close relationship with Him will act as a catalyst in achieving your set goals for 2014. Get God involved in all your plans and watch how He will guide you through them with immeasurable success. Know God, Know success. No God, no success!

6. RESOLVE TO PUT A SMILE ON THE FACES OF OTHERS.
When you commit to helping others achieve their goals for 2014, you will experience help from others too. The law of sowing and reaping applies here too, if you sow a smile, you will reap smiles. Resolve to help a lot of people this year, focus on making people happy but don't try hard to please everyone. Do things that will add value to the lives of others and watch how your life will get beautiful! Make sure you receive a "thank you" everyday!

7. COMMIT TO YOUR PERSONAL GROWTH.
Learning doesn't end in the four walls of the university. Don't give absolute attention to your course notes or work alone, commit to personal improvement. Most people spend less money on their education after their university degrees, but it is not supposed to be so. Read an average of two motivational/inspirational books every month. Read about leadership, money management, relationship, spiritual growth, business and fiction novels. There are so many best selling books on the above mentioned topics! Don't  limit your knowledge, attend seminars and get on the fast lane.

8. RESOLVE TO STOP LOOKING FOR ATTENTION.
Most people spend their lives looking for attention that they forget the important things of life. The youths of our day are so engrossed with attention seeking; they are online 18 hours in day on Facebook posting pictures to see how many comments or likes they will get. Some are always on their 2go accounts watching their star progress just to claim of being an ultimate! Thrash!
Am not saying you shouldn't be social but reduce the time you spend on your phone and PC this year. This spare time could be forwarded to your personal growth!  

9. RESOLVE TO HAVE A GREAT RELATIONSHIP WITH YOUR FAMILY AND FRIENDS.
Don't leave your family out of your life in 2014. Don't let your work take their space. Make sure your schedule a time to have quality time with your family or friends.
Make it a point of duty to spend time with friends that empower you, bad friends are capable of bringing  you down.

10. RESOLVE TO DOUBLE YOUR EARNING.
2014 is a year of "double double" say AMEN!
You must make it a goal to double the amount of money you made in 2013. How? Start adding value! The fact is we all have the same number of hours in a day at our disposal but what we do with these hours is what differenciates high earners from low earners. Start solving complex problems for people, even if it means going back to school to upgrade your certificate, do so. Just make sure at the end of 2014 your account balance = amount in 2013 x 2

GUIDE TO INVESTING IN STOCKS IN NIGERIA

Nneka : What is a stock?
Ugometrics: A stock is a unit of a share of a
company that is traded on the floor of the Nigerian
Stock Exchange (NSE). It is also often referred to as
a share.
Nneka : Where do stocks come from?
Ugometrics: Every company has shares which the
owners lay claim to. When you go to register a
company at the Corporate Affairs Commission (CAC)
you typically say your authorized share capital is
N1m made up of 1m ordinary shares of N1 each.
This means your initial capital at the start of your
company is N1million represented by those shares.
Whilst the value of your capital may increase over
time, your shares remain the same till you decide to
increase it again and register same with the CAC.
When the shares are listed on the floor of the NSE
they are tradable as stocks meaning people can
buy or sell them.
Nneka : So what is the NSE and what companies
trade their shares on it?
Ugometrics: The NSE is a market for buyers and
sellers of stocks (shares) to transact officially. In
Nigeria, like in most exchanges all over the world, a
company needs to fulfill certain laid out criteria to
be able to have its shares traded on the NSE.  Some
of the criteria are that the company must be a
public company and must have more than 50
shareholders (owners). Whenever a company
decided to sell shares for the first time on the NSE,
they perform what is called an Initial Public Offering
(IPO). Subsequent offering of shares by the
company can come as a Public Offer (PO) or a
Rights Issue. I will come to these later
Nneka: Are these the only ways people can buy
shares on the NSE?
Ugometrics: As mentioned, the NSE is a market
place for people to buy and sell shares. Therefore,
those who buy shares during an IPO or during a PO
can also sell those shares to willing buyers
whenever they want. As such, once a company’s
shares are listed on the NSE, their outstanding
shares can be bought or sold provided there is a
willing seller and a willing buyer with or without a
PO . Stocks are traded every working day of the
week.
Nneka : Can I buy any number of shares I want?
Ugometrics: Just like in any market, the stock
market is also limited to the forces of demand and
supply. For example, whilst a company may have
10million shares outstanding (available on the stock
exchange) only a portion of it may be offered for
sale by its owners. Therefore if only 5million of
those shares are regularly traded then the
maximum you and any other willing buyer can buy
is 5million.
Nneka : Is that why I hear a lot about banking
stocks?
Ugometrics: Exactly! An average bank has billions
of outstanding shares (stocks) that are traded
regularly on the NSE. Therefore people can buy and
sell them more frequently unlike a small firm that
probably has just millions.
Nneka : Before you forget, what are right issues and
public offer?
Ugometrics – Public offers are made after a
company must have debuted on the floor of the NSE
with an initial public offer. Companies make public
offers when they see the need to source for money
other than or in addition to debt to finance new
projects, purchase fixed assets or simply expand
the business. It could also be to repay debt or invest
in research and technology. When a company
engages in a pubic offer they could offer new
shares by increasing the share capital (thus
creating new shares) to the public or offer those
shares to existing shareholders only.  Offering those
shares to the existing shareholders only is called a
Rights Issue. When they offer a rights of those
shares to existing shareholders only, it means they
mostly do so in the same proportion to what they
already have. For example they could offer a right
issue as 2 for every 5 owned. Meaning of you had
1000 shares you are offered an additional 400
shares. That way if all the rights issues are taken
by the owners of the companies their shares
increase in proportion to what they originally have.
However, this hardly happens as some may not be
willing to take up their rights. This allows others to
take it up and increase their percentage ownership.
Rights issues can also be done in conjunction with a
fresh issue to the public.
Nneka: So, can I just go to the stock market to buy
shares on my own?
Ugometrics: Not exactly. You can only buy shares
through a stockbroker who is registered to a
stockbroking firm. Therefore whenever you decide
to buy shares look for a decent stockbroking firm
and open an account with them. Some have a
minimum amount of money that can be used to
open an account. After opening an account you can
then instruct them to buy and sell shares on your
behalf from time to time. They also give you
statements of your stocks (portfolio) periodically so
you know where you stand.  In exchange for these
services you pay them fees.
Nneka : Fees Ke? How much are their fees?
Ugometrics: Fees paid to stockbrokers are uniform
and are approved by the Security and Exchange
Commission (SEC) the regulatory authority for
activities on the stock market. Fees are also paid to
the NSE, SEC and being a transaction, VAT is also
paid.
Nneka : Now, how do I start buying shares?
Ugometrics: Before you start buying shares you
have to identify companies and the share price that
they are currently being sold for
Nneka : What is a share price?
Ugometrics: A share price is the price that a stock
is currently sold for on the floor of the NSE
Nneka : So are shares worth N1 cheaper than those
worth N100?
Ugometrics: Not exactly, in fact not at all. Shares
are not measured that way. A unit share price is
actually determined by dividing its market value by
the number of shares outstanding. For example, a
company is that has a 10million outstanding shares
and a market value or capitalization of  N100m will
have a share price of N10. Similarly, another
company that has the same market value of N100m
but with outstanding shares of 20million will thus
have a share price of N5. So you see, even though
one goes for N10 and the other N5 they all have the
same market value. The only difference being that
they have different number of shares and as such
doesn’t mean one is cheaper than the other.
Nneka : So you mean the number of outstanding
shares have nothing to do with the share price
going up or down?
Ugometrics: Not directly. Reason is that companies
that have higher quantity of outstanding shares are
considered very liquid and thus do not get bogged
down by the artificial premium (or value) scarcity
causes. Scarcity like you know thus affect the price
of things but does not necessarily mean they are
cheap or expensive or even worth the price
Nneka : Gosh, so how do I know if a share is worth
the price or cheap or expensive?
Ugometrics: Now that is the technical part and that
is why you have a stockbroker. Stockbrokers are
there to advice you on which stock to buy or sell or
hold
Nneka : What is buy, sell or hold biko?
Ugometrics: “Buy” is when a stockbroker advices
that you buy the stock because they believe the
share price will appreciate in value. “Sell”means
that the company is expected to perform badly in
the soon to be declared results as such their share
price may depreciate in value making you loose
money. “Sell” could also mean that they think the
stock has reached its peak in terms of valuation
and thus the price may start to crash due to owners
of the stock hoping to sell and earn some profit.
Hold means that the Stockbrokers are advising that
do not sell if you own it the stock. They say this
because they expect the stock to rise soon or
expect some news that will determine whether they
should buy or sell.
Nneka : Ok! What if I don’t wan to rely on a
stockbroker for advise or more like I just want to be
able to decide on my own whether a stock is cheap
or expensive or bad?
Ugometrics: Well, that depends on luck, a good eye
for knowing good stocks and your investment
horizon. Since the value of stock mostly depends
on how the company performed in the past,
currently performing and will perform in the future,
it is important to identify companies that have
potentials to do very well in the three performance
metrics I mentioned. Therefore you must know how
to analyze company financial statements. You can
also rely on technical analysis which is somewhat
basically making investment decisions based on
history, trends and market information. For
example, some people decide on what stock to buy
by analyzing the past history of the stock in terms
of its price going up and down at various times.
Technical analysis also involves using charts and
graphs to estimate the value of a stock. No need to
bother you with all this. Just follow this link
Nneka : OK…I have heard of P.E ratios and Earnings
per share, pls what are they?
Ugometrics: Earnings per share basically relates to
the profit a company makes per every unit of
shares held. Using the example above, assuming
the company with 20m ordinary shares has made a
profit after tax of N10million. Its earnings per share
will therefore be 50kobo (N0.5). Since its market
price was N5 the Price Earnings Ratio (P.E ratio) is
therefore N5 divided by 50kobo which is 10x. This
means that those who pay N5 to own the shares
are basically paying for a premium equal to 10x
(times) the earnings per share of the company.
Nneka : Isn’t that too high?
Ugometrics: Well, you rarely get a good stock that
has a P.E ratio that is less than 5. Shares with
single digit P.E ratios are either undervalued or have
company fundamentals that suggest the company is
not doing well. In addition the premium you pay to
own a stock factors in the company fundamentals,
growth potentials, brand strength, competitiveness
of the business, taxation, debt amongst others.
Nneka : What if I do not want to sell a stock after I
buy it. Or I don’t want to sell anytime soon?
Ugometrics: Then you must like long term
investing. That off course is very plausible and a
good way to invest. That is what makes Warren
Buffet very successful and one of the richest men
in the world. Long term investing mostly relies on
fundamentals rather than technical analysis. They
are called Value investors. Value investors do not
necessarily rely on price movement since the
performance of the company is more important.
Since they invest for the long time, metrics like the
financials of the company over the past 5 years and
above, their competitiveness, the industry,
management etc are the basis upon which they
invest. In exchange for this they get compensated
by dividends and long term consistent growth on
their share price. Because you are holding on for
the long term, it is important to buy very well run
companies with good potentials at a cheap often
called (intrinsic value) price.
Nneka : Dividends. How much do they pay?
Ugometrics: Companies have different dividend
policies. However, what you should concern
yourself about is about much dividend they pay per
share relative to the market price per share of the
company. That is what is called dividend yield.
Using our example above, the company decided to
pay out 20kobo out of the earnings per share of
50kobo as dividend. Based on the share price of N5,
the dividend yield is therefore 4%, which N0.5/N5.
Therefore for a long term investor, it means every
Naira of your investments returns just 5% assuming
you decide to not to sell the stock. However, stocks
prices do not necessarily remain the same and as
such the you will have to add the value appreciation
as a return even though it hasn’t been cashed.
Nneka: Are there other sources other than
dividends and selling shares?
Ugometrics: There is also bonus issue which
companies also give to its shareholders. Bonus
issue basically is when the company agrees to give
out additional shares to it shareholders for free. I
use the word free because you do not need to pay
for them from your pocket. Shareholders can then
sell those shares on the floor of the NSE should
they want to and pocket the value whilst still
maintaining the number of shares they had before
the bonus issue. Some don’t even sell the shares
preferring to just keep them and add to their
portfolio.
Nneka: Really?? So is that why people are so
excited whenever bonus shares are announced?
Ugometrics: Yes! Often times, prior to when the
bonus shares are issued, the share price increases
because everyone wants to buy it. It also increases
because there is a fixed date whereby the register
of shareholders are closed also referred to as a
marked down date. When a stock is marked down
say May 15th, it means only those who own the
share prior to May 15 will receive the bonus shares
Nneka : Does this Bonus share favour the company
at all?
Ugometrics: Well, it sort of does. Sometimes
companies do not want to pay out dividends as
cash opting to use the cash to invest back into the
business. Therefore, to ensure the shareholders are
able to cash in on some value returns they just
issue them bonus shares in proportion to what they
already own. Bonus shares can be one for every
two held, one for one, two for five etc. Some
companies also pay dividends and bonus shares at
the same time
Nneka: Thanks for the tutorial and hope I can ask
more questions should the need arise
Ugometrics: Yes you can. It was a pleasure
explaining this to you.

Source:  web.ugometrics.com/how-to-invest-in-nigerian-stock-exchange/

HOW TO MAKE FIRST CLASS IN THE UNIVERSITY

Nine ways to make first class
#9 - Take Extensive Notes
Probably the most tedious of our top 9,
maintaining a consistent habit of taking good
notes is hard to do. In our present world, many
students find it difficult to maintain their focus
long enough to record the information given out
during lectures. The advantage being that when
time comes to write a quiz/test/exam, you'll be
glad you have that pile of notes to review and
refresh your brain with. Taking good notes is an
act of learning in itself. This small but potent act
goes a long way to creating the foundation for a
quintessential and unparalleled understanding of
the material being covered.
An excellent method is also to scribble down
everything that seems useful in some manner,
almost as if you were transcribing the lecture.
Later, transfer and rewrite the notes into an
understandable form in another notebook. This
will cement the information into your mind,
moving the material from your short term
memory into your long term. Time and again, we
seem to understand a lecture when it is
delivered. Unfortunately though, a week later or
two we seem to lose almost every point that was
made. Note taking is one of the best ways to
consolidate short term memory into long term.

#8 - Obtain Old Exams Question papers and
Assignments from your senior colleagues to
procure a satisfactory idea of what subject
matter the instructors are most likely to test you
on.
They are even more useful because you can
attempt the exam/assignment as a check of
knowledge, identifying weak areas that you must
take into further consideration or re-study. Last
semester, I was studying gluconeogenesis in
Medical Biochemistry and a senior colleague of
mine happened to pass by. He appeared
interested and proceeded to supply me a couple
of past questions. One was “Gluconeogenesis is
not necessarily the reversal of Glycolysis.
Explain”. Propitiously, in my end of semester
examination, it was asked exactly as I was given
in Number 2. It was worth 10 marks.
One common tactic many students use for
science laboratory classes is to find a graded
laboratory notebook from a previous year.
Laboratory work is notoriously difficult with
respect to time limitation and what is expected
from a student’s lab report. Having a format to
follow along with is a phenomenal help. Knowing
where to avoid mistakes is fundamental as well.

2012
#7 - Begin Studying For Tests and Exams EARLY
Between academics and your social life, time is
not something you will have in ample quantity
throughout your stay in University. One cardinal
act you should always make time for is studying
early for exams. There's nothing worse than
leaving all of the studying for the night before an
important test or exam. The stress causes you to
panic and you won't perform as well as you
normally would if you had studied early enough.
Studying a little bit during the semester will not
only make you better prepared but will also
remove most stress you'd have if you leave your
studying for the last minute.
Early exam studying allows a student to identify
weak spots in their understanding and to
prioritize their studying accordingly. Just imagine
studying until the early morning of the day of your
exam only to find you've completely ignored a
section that you have little or no understanding in.
Don't let that happen

#6 - Use Your Time Wisely in between classes
as well as before and after school. There are
many opportunities to sneak in some studying or
homework that many students either don't realize
or just don't use. I've known people who would
study on the keke during the ride to and from
school. I've also known people that would
combine the time waiting for a lecture to begin
with their study time!
Just bring your notes and instead of pinging or
chatting endlessly with friends. You get a workout
for your body and for your brain! Always keep
your notes handy and use any spare time for
simple review to make sure you're on top of the
material. All of those small moments you fill with
studying will really add up to a solid
understanding. You'll discover that you will
require less studying when exam time arrives.
That's huge.

#5 - Get Your Questions Resolved
Information in your field of study is cumulative
and the last stuff you learned will be instrumental
in understanding the next stuff! So anytime you
don't understand something or have a question
about the subject matter, get your question
answered as soon as you can. Whether by asking
during class, after class, or by asking a fellow
student - do it. You need to stay on top of the
subject matter in order to be ready for the next
stuff that's coming. Don't let the holes in your
understanding be knowledge pits for the future!

#4 - Get To Know Some of Your Classmates
This one can be extremely demanding for many
people these days. Meeting people is becoming
increasingly difficult in a world of social stigmas
and fears of disapproval. I'm not going to tell you
how to meet people. But when you do, the
benefits will become apparent. Having someone
to lean on for notes from a lecture that you
missed, being able to bounce questions and ideas
off of somebody, and most importantly having
someone to check your assignment answers with
before you hand it in, are all spectacular reasons
to swallow your nerves and start saying "Hi! My
name is...." to the people in your class...and don't
have too many female friends (winks).

#3 - Explore Other Class Resources
Many class outlines will have "optional" reading
listed along with the required textbook. This is
often a HUGE opportunity for easy marks and
guaranteed success in the particular class.
Lecturers are humans just like me and you. Their
job is to relay the required material and then test
you on it. If they're using the required textbook
as reference for the learning part, where do you
think they're going to get the material for the
testing part? If you say "the required textbook",
you're probably wrong! Lecturers will often take
exam or test questions out of their favorite
textbooks, resulting in quality assessments from
a trusted source. Those favorite textbooks are
often listed as optional reading material on the
course outline. Also don't forget the mighty
Internet. Use Wikipedia and Google as well to find
extra (often better!) resources on whatever it is
that you're struggling with.

2- Pre-Read Lecture Material
One night I was bored. Very bored. I grabbed a
textbook for a class whose lecture I had the next
morning and I began reading from the point we
stopped at in the previous lecture. It was difficult
to understand and took a lot of focus to push
through it but the next day in class while listening
to the teacher, it crystallized in my mind and was
easy from then on. It had the added benefit of
being committed to my long term memory giving
me a better understanding of the material. It
makes sense if you think about it. I was
essentially learning the material twice. First,
alone. Secondly, with the help of an expert. These
combined into a solid understanding that I still
possess to this day.
I suggest that you do this for every class. Also,
you may use this technique for anything that you
deem to be very difficult or abstract. That way
you'll have a great head start on understanding
and mastering the hard stuff, leaving plenty of
time for filling in the gaps with the easy stuff!

#1 - Go To Class!
While going to class sounds too simple to be a
primary concern, this is one of the most effective
study habit. Going to class not only keeps you
disciplined and focused on what you're at this
University to do - it allows you to absorb the
subject matter simply by sitting through the
lectures. If you're an auditory learner, this is
tremendous because listening to the explanation
in the lectures will create an understanding that
should be convenient enough to pass the class in
itself!
If you're a visual learner then watching the notes
being written on the board or reading through the
slides (if available in your university) during the
presentation will give you the necessary
understanding to pass the class.
Going to class also ensures you have the latest
news on assignments, tests, quizzes, and exams
straight from your lecturer’s mouth. You don't
want to be that student that shows up for class
once a week only to find there's a scheduled test
on that day!
You can make it. See you at the top

Source
www.nairaland.com/934777/9-ways-make-first-class

HOW TO BALANCE STUDIES AND BUSINESS IN SCHOOL.

HOW TO BALANCE STUDIES AND BUSINESS IN SCHOOL.
Starting a business sometimes isn't the problem. Balancing it with studies always seems to be the stumbling block. Try this tips

1.Find a partner(s)
As Nigerians will say ''chop alone, die alone'', this is partly true when you run a business alone. By partners, it also means employing your fellow school mates who are business minded. Remember, an employer always receive more than an employee.

Having a business partner will help reduce the workload. Your efficiency--when you divide your mechanical advantage by your velocity ratio, will be equal to 105%.

2. Multi-task yourself.
Starting a business in school will bring out the 'man' in you. You must be willing to be awake while others are sleeping. Multi tasking yourself also means managing your time judiciously. You should be able to do three things at a time. You can be eating and going through your notes. How's that?

3.Set course priority
Prioritize your courses. List your courses according to importance. Not every course has the same unit load. You must be able to sacrifice some lectures of those courses you know you can still do well by reading on your own.

Am not trying to say you should miss all your classes because of your business, sometimes the best time to do your business is evenings and during weekends.

4.Make good friends
Associate with positive minded people(most especially your course mates). Some people will do their best to bring you down or kill your dream. Make friends with those who believe you can make it, people who would love to see you grow-both academically and business wise. These people will put you through topics you were absent from.

5.Trust in God
The most important point. Trust in God. He is the only one that can guarantee your success in both business and studies--that's if you are hardworking. Commit your business and academics into his hand and he will lift you up.

20 BUSINESSES YOU CAN START WHILE IN THE UNIVERSITY

20 BUSINESSES YOU CAN START WHILE IN THE UNIVERSITY

The university today is seen as a place for chasing women by many Nigerian youths, some believe they have to finish their programs before making money, nevertheless, other students start successful businesses in school and become millionaires.

I just sat down in my free time and brainstormed. I came up with 20 businesses that can thrive well in Nigeria universities. I’ve also done some research about this. It won't work for some, some people will hiss at it, yet some will benefit a lot from it.

1.Tutoring
Tutoring tops the list because it is something most people can do. Tutoring is very wide and cuts across many areas. Are you good at coaching or putting people through difficult topics? Can you coach a class of students freely without stress or sweat? If your answer is yes, this business is for you.
Tutoring is the easiest and cheapest business to start as you can also earn money, solidify your knowledge and help your students. Tutoring ranges from one-on-one coaching, coaching your classmates on topics they couldn't understand, post ume coaching and jamb class coaching.
You don't need much materials to start this, organise students, find a free class, get a marker or chalk and start earning your dough. easy right? Yea!

2. Sales person
An entrepreneur is someone who finds a need and fills it or someone who finds a problem and solves it. An entrepreneur can also do an existing service in a unique way.
Think of those things that students cannot do without. What are those things a student cannot help but spend his money on. Find these things out and start supplying them to your classmates and school mates. Other things like provisions and educational materials can go. What are you still doing on that phone? Start thinking!!!

3. Laundry/ cleaning service
Its a known fact that most students find it difficult to their laundry or clean their rooms or apartment. You could earn extra cash washing and ironing for classmates, schoolmates and lecturers at an affordable price.
If your mind tells you ''am too big to do this'' then that mind is just hindering your success. Remember, the mind is just a part of the body just like the hand and others, it is your duty to control it. You never can tell where this singular service can land you at.

4.Sales of past questions
This is another lucrative business you can start in the university. There are thousands of people who apply to different Nigerian universities yearly.
Most of them participate in post ume exercise. If you can get lots of past questions for different faculties for your university and probably that of other universities, you can make real cash selling it both offline and online.
The packaging matters a lot, make sure your past questions are not dim(have been photocopied a million times) and make sure the answers to the questions are correct. You can also sell past question papers to students in your school too. Past Semester exam questions.

 5. Writing of handouts and resume
This is an alternative to those who cannot teach but are very good in writing. They are handouts lecturers give out and students find it difficult to dilute them into their brains. There is always that course that many of your course mates fail to understand but you are very good at.
What you need to do is, write handouts in simple and understandable words and put them for cheap and affordable prices. This is also applies to those younger than you.
Many students cannot write good resume/ c.v to apply for summer jobs. Start writing good resume and make your cool cash. Money is actually simple to make, isn't it?

6.Copyeditting
Most people don't know about this, so you could be the first to try it in your school.
Every student you meet will have at least one term paper to write each semester. And surprisingly enough, many of them seem unable to use a grammar or spelling checker. Do you have the mindset for copyeditting? Can you spot mistakes and grammatical errors in a term paper or assignment? If you can, they are students that need your service.
This could also help you improve your skill and save students from scoring low marks.

 

7. Registration of new and existence students
Most registrations for freshers and old students are done online. It is ludicrous and absurd that most students cannot do their e-registrations themselves without making mistakes. Some queue up at cyber cafes and end up not registering.
Get a laptop, a modem and a printer and get to work. Promote yourself online and through bills. Register at a lower price to what others are collecting. Make sure you do this with utmost care.

8.Consultancy for new students
Maybe its just me but whenever I see a problem, i see business opportunities in them. New students go through a hell lot of stress with screening, clearance, how to apply for hostel, where to pay fees and other problems. Most times, they fall into wrong hands.
Why not form a team, get new students registered and provide every information and support needed during registration period. Screen their papers, make sure every document is ready and fast track their registration. Verily verily, i tell you my friend, you will end up putting a smile on their faces and on the face of your bank account

 

9.Barbing/Hairdressing.
If you can barb/weave students hair, this one is for you. A student can spend an average of #500 or more every month on his hair. You can make a good pipe and channel the money into your pocket. What you need is a good place, probably in the hostel, a mirror, a clipper, brush et al. Ladies can also make real cash weaving and fixing hair in school. Ladies can also go into pedicure and manicure.

10. Viewing center
This is another lucrative business one can go into while in school. If you can open a viewing center where football matches can be watched by students and even non students, you will be making your cool cash.

Imagine the number of students that support various English clubs and other leagues. What you need is a nice location, a television and a satellite dish.

Others include
11. D.J

12. Show promoter/ Event manager

13. Computer instructor

14. Software developer

15. Ride service

16. Real estate/ agent

17. Photography

18. Chef

19. Painting

20. Fashion designer.

5 THINGS YOU MUST LEARN TO MANAGE

There are five things you must learn how to manage no matter your age range. These things are paramount to your success. Let's go over them one by one and see how it can help shape your future.

1. Time

Time is of the essence. we all have one thing equal and that is the 24 hours in a day. what is different between successful people and unsuccessful people is how they use this time. Unsuccessful people don't control their day, they let their day control them! For you to effectively manage your time, you must plan your day carefully.



You will need to allocate time for everything! From dawn to dusk. You will have to allocate time for everything you plan on doing for a day. First, think of all the important things you want to do in any day, organize them from the most important to least important. Delegate a specified time for each activity and discipline yourself to adhere to it.



Learn to plan your day a day before so that when you wake up, you can start your day when others are still looking for what to do. Avoid things that waste your time! Things like excessive chatting, gossip and things that will not add value to your life. I will advice that you use at least an hour everyday to study, don't just read, study!



When you start managing your time, you will experience a drastic change in your life.

 

2. Money

Money is a subject misunderstood by so many people. Money is very important on your journey to success. You will have to learn how to manage it. There are so many books, audio tapes on money management; you can contact your bookstore for more insight.

 

The first step to managing your money is to block leaks. There are so many habits that make people spend money unnecessarily, you will have to discipline yourself . To some it may excessive drinking, to others it may be drugs, to some students it may be high internet subscriptions or the need to change gadgets every month. You know yours, if you don’t, think it through. Identify it and try cutting it off, if you can’t cut it off, cut corners.

 

From today, start tracking your money, have a journal and create a section for your income and expenses. Write down all your expenses, at the end of the month , go through it and see the ones you can eliminate.

 

In addition, have separate accounts for different purposes. Have an account for your needs, 60% of your income should go into that account. have an account for your long term investment, put 10% into the account. Use 10% to buy books and save for seminars and workshops. Use 10% to spend on yourself, go out and nourish yourself. The last 10% should be used for tithes or charity. If you don’t pay tithe, use it to help the less privileged.

 

3. THOUGHTS

Thoughts lead to action and action leads to result. Your outer expression is a reflection of your inner thoughts. What you think of always is what you will invariably act on. Just like the law of attention states, “where attention goes, energy flows and results show”. It is true that you will become what you always think of. To succeed, you must learn how to manage your thoughts, especially negative thoughts.

You cannot travel through the road of success with self doubt and limiting beliefs. You either kill fear or kills your success. Fear originates from the mind and you must learn to control and master your mind. One thing you must understand is that you are not your mind, you are a separate entity from the mind, it is just a part of your body. If you don’t control your mind, it will control you. It is your duty to control your mind.

“What the mind of a man can conceive and believe, it will achieve”-Napoleon Hill

 

4.FRIENDS

Your association will determine your acceleration or deceleration. The kind of friends you keep today will affect you in the long term than most factors that contribute to success. Jim Rohn said “you will become the average of the five people you spend your most time with”. If you associate with poor people, you are on a track to remaining poor forever. Show me your friend and I will tell you how your future will look like!

Avoid negative friends, they are capable of bringing you down, it is easier to bring something down than it is to take it up. Don’t let your friends choose you, choose your friends. It is better to stay alone than to be in the wrong company. If you cannot change your friends(transform them), change them(find new ones)

Associate with people who are more than you, people who can help you grow. If you must fly with the eagles, quit playing in the mud with ducks.

 

5. LIBRARY

If people could transfer the kind of attention they put on their wardrobes to their libraries, they world will be filled with so many successful people. People focus so much on the effect rather than the cause. Our inner world is a cause, while our outer world is the effect. If you focus on the cause, you can change the effect, conversely, when you focus on feeding your mind with good books, your outer world will be a reflection of your inner success.

Successful people are constantly learning and growing that is why they have big libraries, unsuccessful people feel they don’t need a form of education after their formal education and so they focus on magazines and television.

You have to manage your library, it is pertinent that you set aside 10% of your income for buying books and attending life saving seminars. Two things are constant, if you read, you will lead and the more you learn, the more you will earn.

How Tony Elumelu made $123 in 3 week

It’s just paper gains, but it counts. Nigerian banker Tony O. Elumelu has become at least $123 million richer between November 1 and November 21 as shares of Transcorp PLC, a Nigerian-Stock Exchange-listed conglomerate, surged 186% in that period.

Transnational Corporation Of Nigeria, usually referred to as Transcorp, is an emerging conglomerate holding investments in hotels, power and agriculture. On November 1, the company’s stock was trading at N1.87 ($0.01), and at the close of trading today (Thursday), the stock was trading at N5.35 ($5.35). According to an analyst who did not want to be quoted, there has been an unprecedented demand for Transcorp’s shares at the bourse on account of the company’s recent acquisition of the Ughelli Power plant, a strategic power generation company that the government recently sold in a privatization exercise. Transcorp PLC, under Elumelu’s leadership, acquired the plant for $300 million. Transcorp officially took over the plant on November 1. Investors are scrambling for the stock in anticipation of the long-term impact the new acquisition will likely have on Transcorp’s financial results.

Elumelu began gobbling up shares in the company in April 2011 through his wholly-owned proprietary investment vehicle, Heirs Holdings. In September 2011, he was appointed chairman of the company, promising to diversify the company’s business interests and deliver value to shareholders – promises he seems to have delivered on. He currently owns over 5.7 billion shares of the company (5,745,890,693 to be exact, according to Transcorp’s latest corporate filings), held in his own name and via Heirs Holdings, equating to a 22.26% stake, making him the company’s largest individual shareholder. His shares in Transcorp alone are now valued at N30.7 billion or $188 million. A representative for Elumelu could not be reached for comment at press time.

Elumelu made his fortune by acquiring a small, struggling Nigerian commercial bank and building it into the United Bank of Africa Group, a leading financial services institution with operations in several African countries as well as in New York and London. He stepped down as the bank’s CEO in 2010 to focus on investing in African businesses through his private investment vehicle, Heirs Holdings and to groom Africa’s next generation of business leaders through his Tony Elumelu Foundation.