The 30 Laws of Money Author: Dr Abib Olamitoye Publishers: Hundred Ten Publications Year: 2016 For those who have an unending thirst and desire to make money and do not have an idea how to go about it, manna has fallen from heaven as a book, ‘The 30 Laws of Money’, written by Dr Abib Olamitoye, has just fallen off the press.
It is one thing to make money and it is another thing to invest same and recoup such investment in manifolds.
Be that as it may, this book, which excavates the histories and experiences of accomplished businessmen, demystifies the 30 laws of money as well as the step-bystep ways of earning money, saving money, investing money and how to groom one’s self in doing so.
What is more noteworthy is the fact that the book became the number one bestseller on Amazon during the first month of its publication and remained so for another six months.
Moreover, the author of the book is an accomplished business and motivational writer, especially for having published 15 books.
It is, therefore, not surprising how the author deploys the technique of anecdote to ram home his points.
At first, the author acknowledges that poverty is a problem and, according to him, a determination to get rid of it is the first stepping stone to attaining success.
The Arkad’s anecdote given in the first chapter says it all.
The ancient Arkad had a ‘strong thirst for prosperity’ (pg1).
He acknowledges poverty as a problem he needed to get rid of.
By so doing, the author uses this technique to inspire his readers using Arkad as an example, who was poor at first, but later became ‘the richest man in Babylon’.
Arkad, at last, became a teacher of the principles of money making.
On how to earn money, the author gives soft, simple and clear principles.
He explains that you have to be ‘seriously and sincerely hungry for prosperity’ (pg2) otherwise you will fall off track along the way.
The author notes that none of the fourteen laws exempts a student or pauper.
Therefore, no matter your status, you must give yourself a strict discipline and as such, “you must never assume that you derive no income” no matter what.
According to him, 10% of every income you get is never too little to save.
Deploying different laws of money, the author tells readers that saving is a very vital part of earning.
Law number ten, for example, states that, “every great financial accomplishment is an accumulation of hundreds, if not thousands, of small efforts and sacrifices.”(pg 49) The book makes readers understand contentment is not in the businessman’s dictionary as it encourages readers to keep saving til eternity.
It says that people must restrain themselves from touching the savings except for something that will boost it.
Thus, practising the restraint is part of the sacrifices that ultimately spark an amazing breakthrough in your career and finance.
One sticky principle of financial prosperity the book emphasises is that while investing your money, “you must never conduct or enter into an impulsive or hasty business’ with your savings.
It says that one has to investigate before investing by referring to books, articles and people who are familiar with the business terrain.
By and large, this book serves as a great asset to the mental and spiritual being of anyone that needs inspiration and motivation on how to handle money.
It’s crystal clear, soft diction allows a reader to understand and digest its content with considerable ease.
It is also perfect for beginners or someone who has the desire to achieve financial independence in life.
To borrow the words of former Lagos governor, Bola Tinubu, who penned the Forward of this book, “‘The 30 Laws of Money’ is indeed the complete constitution of prosperity that must be embraced by any individual keen on defeating poverty.
“From the Babylonian Law of Wealth Creation to the Law of Harmonious Wealth Growth, through the entire thirty chapters is a recommended must-read for all with an uncompromised disdain for poverty.” However, like every other writing, this book also has its flaws.
I challenge the chronological presentations of these Laws.
As far as this review is concerned, Law number 25, which talks about earning ability, should have been the first Law.
I say this because one needs to earn before he thinks of saving or having the saving culture, which the first Law is advocating.
Also, there are also some principles that tend to contradict one another in different laws.