Developing a saving culture 3

 Developing a savings culture is a foundational principle for achieving financial stability and long-term wealth. Dr. Olumide Emmanuel emphasizes that saving is not what you do with excess money, but a disciplined habit you build regardless of your income level. It requires intentionality, consistency, and self-control—prioritizing your future over immediate gratification. By setting clear financial goals, tracking expenses, and committing to regular savings, individuals can create a safety net, fund investments, and seize opportunities. Ultimately, a strong savings culture empowers you to take control of your financial destiny and build lasting prosperity. 

Transcript

SPEAKER_00 3:07

Welcome to church. Hallelujah. Well, we're having some good feedback. These are amazing cities that happen. And um following us well, all the videos and episodes and editions are on our YouTube channel. You can also get it on Facebook. Because today we're going into developing audio. Developing the service cordial. But because of time, we just dive straight into uh part three today as we begin to look into reasons why people don't save. Reasons why people don't save. I'm expecting that as we begin to explore these reasons, you'll be able to identify some of the reasons that have been mitigating, meditating an interest factor in your life. Reasons why people don't say. So let's go. Number one. People don't say it because they are ignorant of the importance of savings. You need to understand that what you know determines how far you go. I've said it over and over and over again. It has become like a slogan. If you are not informed, you will be informed. If you are not inspired, you will expire. If you are not updated, you will become outdated. What you know determines how far you go because those who know rule over those who do not know. So a lot of people don't see because they just don't know their ignorance. I was watching a TV uh program that I watch regularly, and as they were discussing, they were talking about the importance of genotype and blood group and other stuff before marriage. And one of them was sharing on how that, you know, she has some friends, and that we should not just assume that everybody knows, because she has some friends and people that they all grew up together, and they are in their late 20s, 28, 29. And she said they were discussing one day about ah, you have to know your genotype so that you'll be sure that it's compatible. And one of them says, eh, we should with a genotype. What is genotype? The person is not aware, and that person will go ahead and marry somebody, they'll bring in a child, and then the child. So there are so many things that people don't know, and that is why we take time out in a church like this to teach, to help gain clarity, so that people can have understanding. This is success, business and leadership school. Success, business and leadership service. It's all about teaching you success, business, and leadership principles. Because Jesus did not die to save your spirit alone, he died to save you holistically, so that your spirit, soul, body shall be kept blameless, so that every aspect of you and every faculty of your being can become an instrument for his glory. Very, very important. So people are ignorant of the importance of savings, that's why they are not saving. Number two, they are operating in foolishness, they are operating in foolishness. You know that we saw Proverbs 21:20. Let me run back to that. Proverbs 21. We read that in part one. Let me just okay. So let's go back to that slide, Proverbs 21, 20. So if you are not saving, you are operating in foolishness. It says what there is desirable treasure and oil in the dwelling of the wise, but a foolish man squanders it. So let me go back to that. Let me let's look at it. Let's go back to that slide um on the scriptures. That's slide 10. Let's go back to slide 10 and see. Um, so because many times people don't understand all these things we're talking about, so there's desirable treasure and hold in the dwelling of the wise, but a foolish man squanders it. A foolish man squanders it. Yeah, move on, move on, move on. Slide 10, move on, move on. Okay, I think that's it now. Yeah, so yeah, yes, this is it. So let's see it now. There is desirable treasure and oil in the dwelling of the wise, but a foolish man squanders it. We saw it in part one. Then the wise have wealth and luxury, but fools spend whatever they get. Then there are precious treasures and oil in the dwelling of the wise, but a self-confident and foolish man swallows it up and wastes it. Then the wise store up choice food and olive oil, but fools govern theirs down. Then wise people live in wealth and luxury, but stupid people, stupid people spend their money as fast as they get it. So it's there. So let's go, let's move on. So, why do people not save? Number one, they are ignorance. Number one, what they are number two, they are operating in foolishness. It's foolishness not to save. So, when you are not saving money, you are operating in foolishness. So, the reason why a lot of you are not saving money is because you're operating in foolishness, it's just simple, simple. That's why I have to go back to the scripture because you know sometimes when truth is coming, you could not reverse that spirit of poverty when no one makes you free, could reverse. What does it mean by that? I can't say that, I can say that. Sit down there. Yeah. I've told you in this church, if you are not tired of poverty, poverty is tired of you. Whether you like it or not, we will set you free by fire, by force. That poverty will not have the hold on you. What conquered your father face over your life in the name of Jesus? Where your ancestors have failed you, you will not fail your descendants in the name of Jesus. Number three, they don't know how to save. Reasons why people don't save. Number three, they don't know how to save, they don't know how to save. It's simple, they don't know how, and that's why we're going to help you to know how in this series. If we are not dead this week, by next week, we'll get there. How to save. Number four, they always have pressing needs. They always have pressing needs. Ah, there's always an emergency that needs attention. There's always something that they need to spend money on listening and listening well. You are not else shall die or you shall die. You are not created to solve all the problems in this world. Most of the time, what you are calling a pressing need is not a pressing need for you. It's a pressing need for the people that are coming to beg you for money. It's a pressing need for the people that are coming to put their own load on your head. And you leave your own and you are going to carry other people's own. My viad have I not kept. You leave your own. Say pressing need, pressing need, pressing need, pressing need. Why must it be a pressing need? If you have done what needs to be done and you are saving, by the time pressing need comes, there will be savings to take care of the need. And I pray for grace. Look, no, I'm not speaking out of lack of understanding of the realities of life. I've been there. I've been there, and the only way I was able to come out, and the way I'm still coming out and doing is to keep practicing this thing without any form of compromise. Stay consistent. Sometimes it will seem as if you are a fool, but at the end of it all, you'll be grateful that you obeyed. They always have pressing need. Listen to me. In this world that we are living in, there will always be need. There will always be issues that require money. So you have to be able to major on major and minor on minor. You have to be able to identify the essentials and the non-essentials. You have to know the difference between a need, a want, a luxury, and a waste and distraction. Number five. They always procrastinate and plan to start saving later. Why are people not saving? Ah, don't worry. I know. Ah, you can't save. I'm working, I'm working on him. I'm working lower. I'm working on it. Ah, very soon. I'll soon start. That's what you said seven years ago. That's what you said four years ago. You will soon start. You don't look. Well, I will keep saying about nobody grows young. Don't let anybody be deceiving you. You look fresh. You don't look your age. You know your age. If you don't look your age, you you know your age. You don't look your age. Like play, like play, you don't 40. Like play, you're not 50. Like play, you are 60. You say you don't look it. You don't look it. See that there. Let people be deceiving you. You don't wake up one day and discover that you don't have the energy you used to have. So they always procrastinate and plan to start saving later. Don't push till tomorrow what you can start today. Don't push to tomorrow what you can start today. Start now. Number six, they want to live from the now. They are the need of the world people. Money is for spending. Let us eat and drink and merry for tomorrow with that. Can you imagine? You are prophesying death for yourself. NFA, no future ambition. They get money now, money is for spending. What's all this trouble? Are you even sure you'll be alive tomorrow? I bet they will spend all this saving, saving things that just stress me. Maybe can chop what I will chop now. Let me chop what I can chop now. They live for the now. They are not thinking of tomorrow. As far as they are concerned, tomorrow will take care of itself. I beg tomorrow will take care of itself. And then they get into tomorrow and discover that there's no tomorrow. Number seven, they believe that money will always be available when they need it. They believe that money will always be available when they need it. When I need it, it will come. What God cannot do does not exist. Every time I need money, it will come. And then when they need money, it doesn't come. Not because God cannot bring it, but because they are not qualified for it. Because they have not paid the price for it, because they have not done what needs to be done for the money to come. Money flows in exchange for favor, grace. Money flows in exchange for goods and services. Money flows in exchange for values. Which of them are you operating in? Number eight, they rationalize that they can't take money to heaven. So why bother? All this money, money thing. Naked came I into this world. Naked shall I return? I didn't bring money to this world. I'm not going with money. What is all this money, money, money, money thing? Let's just serve God and go to heaven. No problem. Nobody is stopping you from going to heaven. But please note if you go through hell on your way to heaven, when you get to heaven, you will spend 1,000 years crying because you will not be able to enjoy the heaven. You will be wondering why heaven is so big and so beautiful and you are suffering in hell on earth. So listen and listen. Well, nobody says you should not think of heaven. We are all going to heaven. Nobody is hell bound here. We are all heaven bound. But you must enjoy heaven on earth on your way to heaven. So don't join those people that think, oh no, no, no, let's do all these things. This world, money, money, no problem. Number nine, they feel they don't have any responsibility. They feel they don't have any responsibility. They are not married, they don't have children, they don't have anybody depending on them. So why should I save? I think I shared with you last week, Sunday, of a young man that started earning about 300,000 in this young age, as a young boy. And the money was too much for him to spend. So he gathered all his family together. Started, you what do you want? And that's how trouble started. So sometimes a lot of people think, I don't have any responsibility. What you don't realize is that now that you are single, now that you don't have children, now that you are not married, that's the time to begin to save heavily. To begin to save heavily, save heavily. So that now one of our daughters in the house was working, and as she was working, she was saving. When it was time for her to go and do her master's, she had money to pay. She paid by herself, and she didn't need to borrow money, she didn't need to be looking for because she has saved money to be able to pay for her master's. Many of you now, in fact, one of our staff, uh one of my mentees, my guys, just uh finished his master's now. And when I saw it, I said, Ah, you started since 2017. Why is it now that you're just bringing the how many years did it take to master? He said, No, I'm familiar, but that I needed to pay 400 and something dollars to finalize the OTA and collect certificates. So it's the money that stopped the certificate from coming out. So you find out that when you don't have savings, when you don't have money, there are a lot of things that will be slowing down. So you need to save. You think you don't have responsibility? Yes, you do have responsibility, but you have a responsibility to your future, you have a responsibility to your destiny, you have a responsibility to yourself. You are buying bag and shoe, you are buying iPhone, you are buying all kinds of things, buying three-piece suits. Who did this to you? One plot of land, you don't have bungalow, you don't have you are doing big boy all over town. Muscular prosperity. Is that what you will use to take care of your future? So you need to know that you need to start saving now. There are people that will look back now and say, Ah, if I knew what I know now, all those times I was wasting money on this, I would have been buying land, or I would have been saving, I would have built, I would have done this, I would have done that. So if you are listening to me right now and you are young, this is a wake-up call for you. As you are making money now, begin to save and let the money be set aside. And number 10, they lack the discipline to save, the grace to save is a covenant thing. You see, I think I've shared this with you. Years ago, I was wondering, I said, ah, this savings thing and all this investment, why is it so difficult for people to just save? You spare money, I should make it just separate, and then the only speech told me, Why will it not be difficult? When paying tithe is a struggle for them, that when they pay tithe and they bring their tithe to worship me, then the same way they can let go of 10%, it will be easy for them to let go of another 10% for their future. Let go of 20% savings. If somebody cannot let go of 10% to honor God, to give to their future, they'll say, I bet the future will take care of itself. So the grace will not be there because they have not developed that grace of letting go of money to things that they don't have full understanding about, they want to understand everything. So if I'm buying a shoe, I know I'm buying a shoe, if I'm buying food, I know I'm buying food. But which one is to give 10% when I don't know where the money is going to? Which one is to go and save when I don't know where the money is going to? Because they have not developed the culture of trusting the Lord, they can't even trust their own future, too. And that's why they are not saving. And this has become a major problem for a lot of people. So we have seen reasons why you should save. We have seen reasons why you should not save. Let's now go to begin to practicalize some things now. So, how to save. So, let me begin that today. How to save, because we still have so many grounds to cover, and we have to wrap this up next week, Sunday, because the first Sunday of November. Oh my God. The finishing anointing. It's going to be a combined service, finishing anointing, and ordination service. We're ordaining new pastors, positioning for the future, and my god, it's going to be an amazing, amazing service, and then I have another amazing series that we're going to have in the month of November. So let's see how we can wrap this up next week's Sunday. So let's look into how to save. If you want to begin to save, how do you go about this issue of savings? What are the things that will help you to be able to save? So let's start. Number one, purpose to save. That's where it starts. Purpose to save. It begins with purposing in your hearts. Daniel chapter 1 and verse number 8. And Daniel purposed in his heart. Another translator says, And Daniel resolved within himself. So purposing in your heart. So it begins with you because we're talking about developing, developing a savings. So you need to purpose in your heart to say, you know what? I am going to save. I am going to save. That's very, very important. So you make up your mind that you are going to save. That's the first thing you need to do. So if you are doing it as a family, you sit down together as a family. If you are doing it as an individual, you sit down with yourself. If you are planning it as a company, as an organization, you sit down with your board, you sit down with the executor and say, you know what? We need to make savings a part of this organization. We need to make savings a part of this family in response to the teachings by the overseer. Number two, plan on what to save. Plan on what to save. So you can now see that say, you know what? From today, two percent of all our income will go to this, or five percent, or ten percent. Okay, any money that comes from this place will go here, any money that comes from this place will go there. Plan it. If you fail to plan, you have already planned to fail. Proper planning prevents poor performance. Plan to save, plan to save. So plan it. Have a plan that I am going to save, and that's it. I am going to save. Let it be a plan. And once you have that plan, you are good to go. So plan to save. Plan to save. And one of the things that will help you is to automate it once you have decided to do so. Number three. Number three, plan. Where to save. Plan where to save. I want to move fast because next week's Sunday, we're going to have a question and answer session Sunday morning. So I'm going to conclude next Sunday, but we want to also take questions so that if you have any question on all this savings thing, we can also help you. So that's why I want to see how I can move on on this. So plan where to save. Plan where to save. So where am I going to save the money? So if we decide that we're going to be saving 10% or 20% or 5% or whatever, where are we going to put it? So you need to sit down and research place because let's go and save money in the bank. That is the only thing that people know. Saving money in the bank. You say, let's open a savings account. There's nothing wrong in that. But hope you know that savings is not an investment. I've said that almost every week. So if you are saving money in the bank, how much interest are they giving you? Savings account, how much interest? Then what is the rate of inflation? So even though you are saving money in the bank, that money is being devalued, you are losing money by saving. But it is an essential management tool, financial management tool. It's an essential habit, it's an essential part of work creation. So you need to save. So you now plan where do we save this money? So you plan where to save. And then number four, you discipline yourself to do it. You discipline yourself. So that means no matter what happens, you will pay yourself first. You pay your future first before you begin to have emotional sentiment over anything. You say, because you see, personally they carry, you know, they carry person. Most of the time, all this I want to help people, I want to help people. The people you are helping, when you are in trouble, nobody can help you. So you need to make sure that you are not in a position where you'll be needing help from people. So you need to secure yourself first. You have to stand gidigar, then you can begin to help people. If all of us are drowning, you must come out of the water first and be stabilized on the ground before you can start pulling people out of the water. So many times we have all this Messiah complex. You want to help people that will hamper your life. No, you are not a messiah, you are not created to solve everybody's problem. That's why they say we're just people are very wicked. They're all these rich people. We are not wicked, we are principled. It's just principled because we are not created to solve every problem. So discipline yourself to do what to say. Then number five, set structures in place for the savings. Set structures in place for the savings. What do I mean by that? So you need to have structures. For instance, you can have a direct debit, send an instruction to your bank that any money that comes into this account, two percent, five percent, ten percent, should go into this savings account. Now, um, I think the first place I saw this was when I opened an account in South Africa. Uh, when I opened an account in South Africa many years ago, they they opened the account and then they gave me two numbers. I said, What's this? They said, No, this is your savings wallet. I say, so so when you are opening accounts, automatically there is a savings wallet. I don't know whether it's in everyone, but the bank I bank in the South Africa, automatically there's a savings wallet. So if you are putting money into your account, you can now transfer money from your account into that savings wallet. But that savings wallet, you cannot use your ATM card to collect that money. So as you pay into your account, if you put an instruction that any money that comes here, a percentage should go here. Once it enters your savings wallet, it is no more part of your checking account. So you can't collect it with ATM card. To collect it, you have to go through another process. And I thought that that was wonderful. I don't know if Nigerian banks do that, but that's something wonderful. So you need to now sit down and structure that okay, every money that enters this account, let the percentage go here. And that percentage, you can't touch it, except you enter the bank physically, or you so it will make it difficult for you to spend it because any money that is easily accessible to you can be easily spendable by you. Any money that is easily accessible to you can be easily spendable by you. Then you can look at the fact that to say, okay, I'm talking of structure now. You can say anytime they increase my salary, any increase is savings. So if, for instance, your salary is 150 and then they increase your salary to 170, that's 20,000. You do your first fruit, and then from the next month, savings. Savings because many people don't understand all these things. Now, or you say any bonus that I get, any unexpected income that comes, I'm not expecting it, and it comes, I'm gonna save it. Or you can say when I do overtime, or I get extra income, or there is a tax refund, or I do birthday, or I do something, and people just give me gifts and money, any money that comes from other sources apart from the normal source of income, pushes into savings. This is how people do these things, or this is how it is done. So if you want to become a man or a woman of wealth, a man or a woman of means, an organization or family that creates wealth, then developing a savings culture is not negotiable. So um, let me say this as I close today. Next week's Sunday, we're gonna now look into where you can save, and then we'll go into question and answer. Let me deal with this as I close. One of the questions that I get regularly as I go around the world is the question of where should I invest. So a lot of people always ask that question. Hey, I have this money, I have that money, where do you think I should invest? Where do you think I they're always asking questions of where to invest, where is the safest place to invest, and I've always answered them the same way, and I want to wrap up with that this morning because you see, many of you will have done better if you know better. If you know better, you will do better. So, the number one place to invest into, the best place to invest into is to invest in yourself. Invest in yourself. That's the best place to invest into. Invest in yourself, and when I say invest in yourself, what do I mean? It's five things, but let me give you just two. Number one, invest in your personal development. Invest in your personal development, in your capacity building. You are members of this church. Do you have the School of Money Book? Have you read it? You are a member of this church. Have you bought Pathway to Wealth? Have you read it? You are a member of this church. Do you have the Jubilee Pact? 50 Common Money Mistakes to Avoid. Have you read it? You are a member of this church. Do you have the Soul Project Bridging the Gap Between the Rich and the Poor? How to create your success study? Have you read it? You are a member of this church? Are you on my YouTube channel? Are you following me on social media? Are you listening to all the things I'm sharing all over the world? What do you know about wealth creation? If you know better, you will do better. What you know determines how far you go. So invest in yourself, invest in your personal development. That is where it starts. Because if you know better, you will do better. Number two, invest in your gifts, your talent, and your potentials. Invest in your gifts, your talent and your potential. As you develop yourself, begin to invest in yourself. Why? Because that's the way to go. I have invested in myself. I was uh on a program uh a few weeks ago online um in the UK, and they were asking me questions. Um, the host of the event is a friend that I've known since 1997, and she was asking me a question that has just shared my story. And I was talking about when I used to go to the UK in 97, 98, 99, for like five years, I was a distributor in the UK. When I go, I travel the bags, you know, supplying people books, video in the days of uh VHS, then DVDs came. Uh, we have uh these DVDs and all this CD, whatever, and then supplying books, supplying all kinds of stuff. That was what I was doing. But while I was doing that, I was also developing myself. And after a while, after doing that for like five years, I was no more carrying load, I was carrying knowledge. Instead of carrying bags to go and sell products, I'm now carrying myself to go and sell knowledge. Why? Because I developed myself to a level where I can now be the product that people will pay for. So please, as we wrap up today, because next week's Sunday, uh, we're gonna do the places you can save where you should save, and then we're gonna now take questions. So as we wrap up, invest in yourself. Invest in yourself, invest in yourself and make sure that all the knowledge you are getting, don't just listen, act upon it. Because look, people have in fact, sometimes I think we are overfed. I'm telling you, too much knowledge. But what have you done with the knowledge? Just writing notes every Sunday, writing notes, planning to, open to, intending to, but in the name that is above everything, grace locates you today. In the name of Jesus, you will not stay at the edge of indecision. In the name of Jesus, you are crossing the try, crossing the threshold into efficiency, you are crossing the threshold into action, and your action will be backed up by the grace of God, backed up by the favor of God, and you will excel and do well in the name of Jesus. Open your mouth and begin to pray, begin to pray. Lift up your voice and declare, Father, in the name of Jesus, I receive grace to do the needful. Open your mouth and begin to pray in the name of Jesus, Lord. I receive grace to do the needful, grace to do the needful. In talo, Kashiata, a zakete ke libro koshiya la bayata, zakila barabara shandele brekite. Grace to do the needful in the name of Jesus. In the name of Jesus. Open your mouth and pray. Let that be your prayer, Lord. I receive grace to do the needful in the name of Jesus. Grace to walk the word, grace to obey the word, grace to act the word in the name of Jesus. Thank you, Father. In Jesus' mighty name we pray. I can hear your amen. In the name of Jesus. Hallelujah. You're going to pray, Lord, make me a testimony of this series. I refuse to be a spectator. Make me a testimony of this series. Open your mother, begin to pray. We have done part one, part two, this part three, and I pray that you will be a testimony. Open your mind and make that your prayer. Let's begin to pray, pray, pray, pray. That God make me a testimony of this series. That not too long from now, a few weeks from now, three months from now, I will go and begin to testify. I'll be on the platform testifying of how this series has touched my life, how this series has taunted and have flesh. Lift up your voice and make that your prayer. Make that your prayer, make that your prayer. Lord, make me a testimony of this series. Thank you, Oscar. Thank you, beautiful Savior. In Jesus' mighty name we pray. I've been talking to you about the midweek service and the importance of being in church. Many of you have made that commitment, and I want you to know that as you continue to appear before the Lord desire, you will go from strength to strength. Lift up your voice and thank him. Give him all the glory, give him all the honor. Hallelujah, hallelujah. Give him glory, give him honor. Let's just give thanks to God. Hallelujah.