So you want to retire young? what plans have you put in place to achieve this? how much do you need to live comfortably at retirement? At what age do you want to retire? It’s the hard questions that we keep putting off that make us remain where we are. Maybe the Parable of Dollars can help – Tosan A.
BOOK REVIEW: THE PARABLE OF DOLLARS – PROVEN STRATEGIES FOR YOUR FINANCIAL SUCCESS BY SAM ADEYEMI /PNEUMA PUBLISHING/2001/ 179 PAGES
The Parable of Dollars is a direct reference to the popular parable of the talents in the bible as told by Jesus Christ, only this time, the author Sam Adeyemi uses money – a universal language to illustrate in contrast to talents or God-given gifts as it is popularly related to. The use of dollars was to represent the universality of money which is the now the case study in this text.
The book has eight chapters and hard hitting questions at the end of each chapter that forces you to stop and think about the changes you need to make to change or improve your financial position. It speaks to mainly to Christians and strives to squash age-old beliefs relating to prosperity and finances. He writes like a trainer/lecturer making sure that the reader participates and gets the message.
The book challenges Christians to stop associating Christianity with poverty but to endeavor to be true ambassadors for Christ by ensuring that everything about their lives reflects the redemption and resurrection of Christ in not just spiritual things but also physical things.
The first law of success is: ‘’First within, then without’’
He emphasized on the need for an abundance mindset. He explained the invisible things that differentiate a wealthy person from a poor person such her their discipline, their their association with other wealthy people and the books they read.
Interestingly, the author scratched beyond the surface on the subject of wealth creation especially considering that he is a clergyman. He seemed genuinely concerned about getting Christians out of the rot of poverty induced by the wrong mindsets associating piety with being poor. He touched on different crucial areas to the subject and he provided hands-on steps to push the reader to take immediate action to financial freedom, wealth and independence. Naturally, he reminded readers about the importance of spirituality every chance he got with verses like ‘it is the Lord who makes you profitable’.
Money is neither good nor evil. It is neutral. It takes on the character of the owner/holder.
He spent time explaining the need for every believer to be financially intelligent and work towards being financially free, meaning they get to a point where all their expenses are met without actively working. He also gave practical steps on how money can be multiplied to achieve the goal of financial freedom such as savings with high interest rates, investing in shares, becoming an entrepreneur among others.
In closing he reminded Christians of the real purpose of wealth like every other resource – to spread the Gospel around the world. He reminded believers of their role as stewards of God’s time, money and resources.
Tosan’s take:The best part of the book for me was the engagement through the questions at the end of each chapter. Those hard-hitting questions (which you should NOT skip) got me excited. My 2 faves were – what will my expenses be in the next 10 years? and what investments do I need to have to fund my expenses? The expenses part was easy of course but the investment aspect took me taking breaks (of days) to answer. Punching the numbers was actually surreal for me but familiarizing myself with those kinds of amounts prepares me mentally to take on opportunities as they present themselves and also keeps me in tune with my financial goals.