Tag: principle

Safeguards: Turning Your Weaknesses and Mistakes into Strengths

Safeguards are tools you must master to stay in control and manage your weaknesses.

A part of taking control of your life is controlling the things you can.  Another part is managing the things you can’t. This includes your vulnerabilities or weaknesses.

James Clear rightly put it as “Life gets easier when you don’t blame other people and focus on what you can control.

Knowing Your Weakness

We all have weaknesses, and most of them are built into our biology.

For instance, we can become hungry, thirsty, fatigued, sleep-deprived, emotional, distracted, or stressed.

In most situations, all these conditions prompt us to react without reason. And instead of thinking clearly in these situations, it can blind us to the deciding moments of our lives.

Yet, some of our weaknesses aren’t built into our biology.

Instead, they are acquired through habit and stay with us by force of comfort. For example, if you drink a bottle of Coke or skip a workout today, you’re not going to go from healthy to unhealthy suddenly.

However, these choices can end up becoming bad habits through repetition and accumulate into a disaster.

Because bad habits are easy to acquire when there is a delay between action and consequence.

Don’t make Bad Choices all the time

The formula for failure is to consistently repeat a few small errors.

Just because the results aren’t immediately felt doesn’t mean consequences aren’t coming. Be smart enough to know the potential results of decisions. While good choices repeated make time your friend, bad ones make it your enemy.

Whatever your weaknesses and whatever their origins, don’t let the autopilots take command of your life.

The autopilots are the enemies stopping you from making the right decisions, and they are:

  1. The Emotional Autopilot: We react based on how we feel instead of what’s true.
  2. The Ego Autopilot: We get defensive when our ego or status feels attacked.
  3. The Social Autopilot: We go along with what everyone else is doing.
  4. The Comfort Autopilot: We stick with what’s familiar and avoid change.

I explained this in full detail in a previous article HERE.

The Two Ways of Managing Your Weaknesses

There are two ways to manage your weaknesses.

  1. Build your strengths to help you overcome the weaknesses you’ve acquired.
  2. Implement safeguards to help you manage any weaknesses you’re having trouble overcoming with strength alone.

The formula is simple: To think clearly and make good life-changing decisions, manage your inbuilt Weaknesses (e.g. hunger, thirst etc.) with safeguards. Then manage your acquired weaknesses (e.g. refusing to start something because of fear or coasting on your talent without hard work) by combining your safeguards with your strengths.

Safeguards: The Two Ways of Managing Your Weaknesses

Safeguards: The Two Ways of Managing Your Weaknesses

But there is something you must understand first…

Why We Fail to See Our Weaknesses?

We fail to see our own weaknesses for three main reasons.

  1. These weaknesses can be hard for us to detect because they’re part of the way we’re accustomed to thinking, feeling, and acting.
  2. Seeing our weaknesses bruises our egos. especially when they are behaviours that are deeply part of us.
  3. We have a limited perspective because it is very hard to understand a system that we are a part of.

When we fail to see our weaknesses, there is a gap in our thinking that comes from believing that the way we see the world is the way the world really works.

3 Main Reasons we Fail to See our Weaknesses

It’s only when you change your perspective and look at the situation through the eyes of other people; that’s when you realize what we’re missing. You begin to appreciate your own blind spots and see what we’ve been missing.

What are Safeguards and How to Protect Yourself with Them

Safeguards are tools for protecting yourself from yourself.

They help you overcome weaknesses that you don’t have the strength to overcome. Safeguards increase the amount of “friction” required to do something that’s contrary to your long-term goals. Removing all junk food from your house to encourage healthy living is an example of a safeguarding strategy.

Here are a few safeguards to consider.

Safeguard Strategy 1: Prevention

This aims to prevent problems before they happen.

One way to do this is to avoid decision-making in unfavourable conditions. You can use the principles behind HALT as a safeguard for making better decisions. HALT is an acronym for Hungry, Angry, Lonely and Tired.

If you have an important decision to make, ask yourself:

  • Am I hungry?
  • Am I angry or emotional?
  • Am I lonely or stressed by my circumstances, such as being in an unfamiliar environment or pressed for time?
  • Am I tired, sleep-deprived, or physically fatigued?

If the answer is yes to any of these questions, avoid making the decision if you can. Wait for a more opportune time. Otherwise, your autopilots will take over.

Safeguard Strategy 2: Automatic Rules for Success

There is an unexpected way to improve your decision-making processes and think clearly.

Replace your decisions with rules. Nothing forces you to accept the default behaviours and rules from your upbringing and life circumstances. You can decide to eliminate them at any time and replace them with better ones.

It turns out that rules can help automate your behaviour to put you in a position to achieve success and accomplish your goals.

Have you noticed that when you make decisions, you often think of the goals you want to achieve and work backwards to identify the means of achieving them?

If you want to save more money, you might hide part of your salary from yourself at the end of the month. You use your willpower to accomplish these goals. Once they’re accomplished, you often go back to the default behaviour you had before.

Eventually, you realise you’re back where you don’t want to be and begin the entire process again.

The Benefit of Automating Your Behaviour with Rules and Safeguards

This approach is flawed because it involves constant decision-making and effort. Choosing goals is necessary but not sufficient for accomplishing them. You also need to pursue those goals consistently and make daily choices in pursuit of your goals.

As these choices add up, it becomes harder, not easier, to consistently make choices that move you toward your goals and not away from them.

Why not bypass individual choices altogether and create an automatic behaviour that requires no decision-making in the moment and that gets no pushback from others? This automatic behaviour becomes a rule.

For instance, let’s say your goal is to drink less soda.

Rather than deciding on a case-by-case basis whether you’re going to drink soda (something that requires a lot of effort and that is prone to error), make a rule instead.

For example, “I only drink soda at dinner on Friday,” or maybe, “I don’t drink soda at all.”

Having a rule means not having to decide at every meal. The execution path is short and less prone to errors.

Safeguard Strategy 2 (Example): Automatic Rules for Success

Safeguards Strategy 2 (Example): Automatic Rules for Success

Creating personal rules is a powerful technique for protecting yourself from your own weaknesses and limitations. Sometimes those rules have surprising benefits.

Safeguard Strategy 3: Creating Friction

Another safeguarding strategy is to increase the amount of effort it takes to do things that are contrary to your goals.

If there were a recipe for accumulated disaster, it would be giving the best of ourselves to the least important things and the worst of ourselves to the most important things.

The path to breaking bad habits is making your desired behaviour the default behaviour.

It’s easy to underestimate the role ease plays in decision-making. Since behavior follows the path of least resistance, a surprisingly successful approach is to add friction where you find yourself doing things you don’t want to do.

Safeguard Strategy 4: Putting in Guardrails

Another safeguarding strategy is to create operating procedures for yourself because you know from hard experience when your autopilots tend to override your decision-making.

The autopilots prevent us from seeing what’s happening and from responding in ways aligned with our best self-image.

Checklists, for instance, offer a simple way to override your autopilots.

Pilots go through a preflight checklist every time they fly. The checklist acts as a safeguard, forcing us to slow down whatever we’re doing and go back to basics:

  • What am I trying to accomplish?
  • And what are the things I need to accomplish it?

Questions like these are the guardrails that will keep you on the road to success.

Safeguard Strategy 5: Shifting Your Perspective

Each of us sees things only from a particular point of view.

Nobody can see everything. That doesn’t mean, however, that we can’t shift the way we see things in any given situation. Having an outside perspective on your situation allows you to see more of what’s happening.

Changing your perspective changes what you see.

How to Handle Mistakes

Mistakes are an unavoidable part of life; even the most skilled people make mistakes.

Most times, mistakes happen because there are so many factors beyond our knowledge and control that impact our success. This is true especially when we’re pushing the boundaries of knowledge or potential.

If you got some results you didn’t want, the world is telling you at least one of two things:

  1. You were unlucky
  2. Your ideas about how things work were wrong.

If you were unlucky, trying again with the same approach should lead to a different outcome. When you repeatedly don’t get the outcomes you want, though, the world is telling you to update your understanding.

Mistakes Present Us with a Choice

As with anything else, there are better and worse ways of handling mistakes.

The world doesn’t stop just because you made a mistake. Life goes on, and you need to go on too. You can’t simply throw your hands up and walk away.

There are other decisions to make, other things to accomplish, and hopefully you won’t repeat that kind of mistake in the future.

Everyone makes mistakes because everyone has limitations. Even you. Trying to avoid responsibility for your decisions, your actions, or their outcomes, though, is equivalent to pretending you don’t have limitations.

One thing that sets exceptional people apart from the crowd is how they handle mistakes and whether they learn from them and do better as a result.

Mistakes present a choice: whether to update your ideas, or ignore the failures they’ve produced and keep believing what you’ve always believed. More than a few of us choose the latter.

The Biggest Mistake That You Can Make

The biggest mistake people make typically isn’t their initial mistake.

It’s the mistake of trying to cover up and avoid responsibility for it. The first mistake is expensive. The second one costs a fortune.

There are three problems with covering up your mistakes.

  1. You can’t learn if you ignore your mistakes.
  2. Hiding them becomes a habit.
  3. The cover-up makes a bad situation worse.

Admitting errors and correcting yourself is a time-saver that empowers you to avoid making more mistakes in the future.

However, mistakes also provide rare opportunities for getting closer to the kind of person you want to be, should you choose to heed their lessons.

Use those opportunities wisely! Don’t squander them.

The Four Steps to Handling Mistakes

The four steps to handling mistakes more effectively are as follows:

  1. Accept responsibility
  2. Learn from the mistake
  3. Commit to doing better
  4. Repair the damage as best you can.

Step 1: Accept Responsibility

If you’ve taken command of your life, you need to acknowledge any contribution you’ve made to a mistake and take responsibility for what happens afterwards.

Even if the mistake isn’t entirely your fault, it’s still your problem, and you still have a role to play in handling it.

Step 2: Learn from the Mistake

Take time to reflect on what contributed to the mistake by exploring the various thoughts, feelings, and actions that got you here.

If it’s an emergency, and you don’t have time to reflect now, be sure to come back to it. If you don’t identify the problem’s causes, after all, you can’t fix them.

And if you can’t fix them, you can’t do better in the future. Instead, you’ll be doomed to repeat the same mistake.

If you reach this stage and you find yourself blaming other people or saying things like, “This isn’t fair!” or “Why did this happen to me?” then you haven’t accepted responsibility for the mistake. You need to go back to Step 1.

Step 3: Commit to Doing Better

Create a plan for doing better in the future.

It could be a matter of building a strength like greater self-accountability or greater self-confidence. This step focuses on planning to do better in the future and follow through on that plan.

Only then will you be able to change how you do things and avoid repeating the mistakes of the past.

Step 4: Repair the Damage as Best You Can

The key here is not letting a bad situation become a worse situation.

Mistakes turn into anchors if you don’t accept them. A part of accepting your mistakes is learning from them and then letting them go.

You can’t change the past, but you can work to undo the effects it’s had on the future.

PS.: This is Part 3 for my review on the Book – Clear Thinking: Turning Ordinary Moments into Extraordinary Moments by Shane Parrish. 

In case you missed the previous parts before learning about safeguards, here are the links:

Part 1 – Clear Thinking: How and Why Do People Make Bad Decisions?

Part 2 – High Standards: Building Strength for Clear Thinking

Whenever you’re ready, there are 3 ways I can help you:

  1. Become Your Highest Self: Every Sunday, I share actionable tips from successful people on how to master money, mindset and meaning. (Please confirm your subscription on the first mail received so the newsletter does not go to junk.)
  2. Fast Track Book: Stay relevant, master new skills, and be ready for whatever life throws at you.  This is the complete roadmap to speed up your learning process and expand the opportunities available to you. Available on Amazon.
  3. Personal Wealth Maximizer: Take control of your finances and build financial freedom. The Personal Wealth Maximizer give you the exact knowledge and tools to break free from money struggles and build financial confidence.

Ponzi Schemes: Use This Checklist to Avoid Financial Ruin

Ponzi schemes keep leading people to financial ruin.

In April 2025, CryptoBridge Exchange, a fraudulent investment scheme known as CBEX, was believed to have bankrupted its believers and subscribers by 1.3 trillion naira.

Most people who did not join this scheme believed its participants were gullible and not street smart.

It reminded me of the previous Ponzi schemes I have been involved in, both the successful and the failed ones.

There are lessons to learn here. Please read to the end.

My First and Successful Experiences with Ponzi Schemes

In 2016, I invested money in MMM Nigeria.

I was still an undergraduate then. MMM Nigeria promised each investor a monthly return of 30% on their money. Their model was simple. You became a member of their forum by investing as little as 15,000 Naira. That money gets paid directly to another member. At the end of your 30-day cycle, you get paid by other members who recently registered.

On 13 December of that same yearthe scheme was frozen. Accounts blocked. And the founders disappeared without a trace.

This was my first experience with a Ponzi Scheme. But it was not my last. Other schemes (like Twinkas, Givers Forum and a few others) replicated this business model:

Invest and tell other people to invest on their platform. Get your returns on the same platform. Then the platform ‘crashes’ a few months later.

It was not one of my proudest moments participating in those Schemes. It was a ‘Rob Peter to Pay Peter’ type of investment. But the profits paid my bills and food while in the university.

The Ponzi Clock

The Ponzi Clock

What are Ponzi Schemes, and how do they work?

Imagine you have a Shop that sells Plantain chips.

People give you money to buy plantain to make more chips, so you can eventually give them back more money than they gave you.

That’s how a real business works!

Now, imagine a fake plantain chips shop run by a tricky person. This person tells people, “If you give me some money, I promise to give you back even MORE money very soon!”

But here’s the secret: this tricky person doesn’t sell any plantain chips or do any real work to make more money.

Instead, when the first people want their extra money back, the tricky person uses the money that NEW people give them to pay the first people.

It looks like everyone is making money, right?

The first people are happy because they got more money back, and they tell their friends to join in! So, more and more people give their money to the tricky person.

This is called a Ponzi Scheme.

It’s a big money game where the early players get paid with money from the later players.

A Ponzi scheme is a tricky scam where someone promises to give people a lot of money if they invest with them. But instead of really earning money, the scammer just uses new investors’ money to pay the old investors.

But here’s the problem: eventually, the tricky person runs out of new people to give money.

When that happens, there’s no more money to pay anyone, and the whole thing falls apart.

The tricky person often disappears with all the money, and most people lose everything they put in.

So, a Ponzi scheme is a fake way to make money that relies on tricking new people into giving money to pay off the old people. It’s not a real business, and it always ends with most people losing their money.

My Last Experience with Ponzi Schemes

In 2020, A friend introduced me to a Customs officer who was into “forex trading”.

The customs officer offered a 100% return in 90 Days with monthly payouts. I cannot remember the full details, but my friend was in his third month of investment and was about to withdraw his principal and reinvest only the profit earned.

My plan was simple.

I did not ask questions. I did not ask which trading strategies this customs officer/forex trader employed. All I wanted to do to earn a profit, recover my principal and keep “cashing out”

Long story short, I lost one-third of my money because the business stopped paying me in the third month.

I eventually discovered that the forex trading business was simply money invested in MBA Forex. This was a Ponzi Scheme that crashed in 2020, just like MMM in 2016. Same Script, different actors.

This was my last experience losing money to any Ponzi scheme, and I will tell you why.

The Risk is not in the investment. The Risk is in the investor

Two people invest in the same thing. This could be a stock, a business, crypto or even a Ponzi scheme.

One person learns first, stays calm, and invests wisely. The other just guesses, follows the crowd, and panics when things go down. The investment didn’t change — the people did.

Here is a breakdown of what happens.

Person number 1 does their homework. They learn about the company, understand what it does, and don’t put all their savings into just that one company. They’re careful and think long-term.

Person number 2 hears from a friend that this company is offering a profitable investment. They don’t know anything about the company, but they put all their money into it, hoping to get rich quickly. When the investment goes bust, this money is gone for good.

This was never about Ponzi Schemes.

The Risk is in the Investor

The Risk is in the Investor

Now, look at these other examples and their key lessons:

Example 1: The “Money Doubling” WhatsApp Group

Someone adds you to a group chat that promises to double your money in 48 hours. You see payment screenshots flying everywhere.

People are hyped. You send ₦50k, hoping to get ₦100k back.

In this scenario, Scammers create FOMO (Fear of Missing Out) to cloud your judgment. If it’s real, it will still be real tomorrow.

Key lesson: Never invest money based on urgency or pressure.

Example 2: The Pastor’s Investment Club

A trusted church leader promotes a “divinely inspired” investment opportunity. Because he’s respected, no one questions it.

People sell land, borrow money, and throw in their savings.

In this scenario, respect does not equal financial expertise. Always verify, not just believe.

Key lesson: Separate trust in people from trust in their financial recommendations.

Example 3: The Crypto Pump Group

You join a Telegram group where admins tell everyone to buy a certain coin. The price shoots up. You join in.

3 days later, the coin crashes. Admins vanish.

Key lesson: run away if you’re getting investment advice in emojis and hype language.

Stop ignoring the red flags of Ponzi schemes because you want ‘free money’

The Red Flags of Ponzi Schemes

The Red Flags of Ponzi Schemes

Risk comes from not knowing what you are doing – Warren Buffett.

The real risk isn’t the thing you put your money in. It’s how smart, prepared, and patient you are with it. A smart investor can do well even with a normal investment, while a risky investor can lose money even with something that seems safe.

The return of money is more important than the return on money.

When it comes to money, getting your original money back safely is the most important thing.

If you focus only on trying to make a lot of extra money (the return on money) very quickly, you will take bigger risks. These risks could lead to you losing all your original money (the return of money).

Think of it like this:

Getting your money back (return of money) is like making sure your house is safe and sound. Making extra money (return on money) is like adding cool decorations to your house.

Decorations are nice, but having a safe house to live in is way more important!

So, while making extra money is good, the first and most important thing when you invest or lend money is to make sure you’re going to get your original money back.

If you don’t get your original money back, then any potential extra money doesn’t even matter!

Smart Investing

Smart Investing

How to Avoid Financial Ruin with Ponzi Schemes (Or any Investment Opportunity)

After my lessons in 2016 and 2020, there are six questions I now ask before investing.

Before putting money into any opportunity, I now run through this checklist:

  1. Transparency Test: Can I easily understand how exactly this investment makes money?
  2. Expertise Verification: Do the people running this have verifiable credentials and experience?
  3. Regulation Check: Is this investment registered with and overseen by appropriate financial authorities?
  4. History Analysis: What is the track record of this investment or company beyond testimonials?
  5. Independent Verification: Can I find information about this opportunity from sources not connected to the people selling it?
  6. Withdrawal Clarity: How exactly can I get my money out, and are there any restrictions?

If I can’t get clear, satisfactory answers to ALL these questions, I don’t invest.

It’s as simple as that.

These principles extend far beyond just avoiding Ponzi schemes. The same critical thinking protects me from “Get rich quick” business opportunities, dubious crypto projects and even everyday purchasing decisions.

The Too Good to Be True Test

The Too Good to Be True Test

The discipline of questioning what seems too good to be true has become a valuable life skill, not just a financial one.

This is very important.

What if you’re currently in what might be a Ponzi scheme?

Don’t panic, but act quickly.

Stop adding any new money immediately. Try to withdraw your principal investment as soon as possible. Document everything too, from communications, promises, to payment histories.

Don’t let loyalty or hope delay your exit. Also, be prepared for the possibility that you may not recover everything.

What if you’re considering a new investment?

Apply the Questions Checklist above rigorously.

Then set a maximum amount you’re willing to risk. Ideally, this should be no more than 5% of your investment capital. Establish clear exit criteria before you enter and verify through multiple independent sources.

In the world of investment, boring is often beautiful. Consistent, modest returns from legitimate activities will build wealth far more reliably than chasing spectacular promises.

“Don’t be the fool who ‘cashes out’ others. Be the one who walks away with your dignity and your money.”

The most successful investors don’t need excitement – they need results.

I hope this helps.

Godspeed and Cheers.

 

The secret of increase: Here is The Lifelong principle

Here is a simple story to illustrate the principle of knowing the secret of increase. It is famously called The Parable of the Sower:

“Consider this: There was a farmer who went out to sow seeds. As he cast his seeds, some fell along the beaten path and birds came and ate them. Other seeds fell onto the gravel that had no topsoil. The seeds quickly shot up, but when the days grew hot, the sprouts were scorched and withered because they had insufficient roots. Other seeds fell among the thorns and weeds, so when the seeds sprouted, so did the weeds, crowding out the good plants. But other seeds fell on good, rich soil that kept producing a good harvest. Some yielded thirty, some sixty and some even one hundred times as much as he planted! If you’re able to understand this, then you need to respond.”

You are like the Farmer

Farmer planting Seed:
Secret of Increase by Zamai Banje
Photo by Karolina Grabowska from Pexels

The job of every farmer is to have a great harvest. Every farmer is intentional and obeys the laws of the land. This applies to Christians too. You must obey the principles to ensure an increase.

Sadly, many people are still bound because they don’t know these principles. They possess the old mindset which revolves around having ungodly thoughts, wrong philosophy gained from deduction and personal experience.

What is The Secret of Increase

To know the secret of increase, you need to understand the power of God in your life. In John 8:32, Jesus Christ affirms you shall know the truth, and it shall make you free.

And you shall know the truth, and the truth shall make you free.

Jesus Christ, John 8:32

There is no increase without freedom. Truth is the access code to freedom. This means if the word of God is the Truth, then the Word is the secret of increase.

Your level of increase does not depend on how long you have been a Christian. Rather, it depends on how much you know about God’s Word and how it impacts your faith and thinking.

The Four States of the Heart

To gain freedom, there must be a hunger and strong appetite for the Word. The parable of the sower shows how we can identify the states of our heart and how to apply the secret of increase.

The seed from the parable is the Word of God, and it’s incorruptible. The potency of the seed can be maximized or minimized on the soil (your attitude). There are four states of the heart. Please do a self-audit as you examine each state:

Photo by ATC Comm Photo from Pexels

1. The Pathway or Wayside Heart

This is the high traffic mind that cannot be still enough to incubate the Word. With the pathway heart, there is no appetite for God’s Word. This happens because the heart is full of personal ideologies and half-truths.

These are people who forget the word immediately they finish hearing it. They are easily distracted and find alternative ways to fill their hearts. This could be social media, Netflix or obsession with work.

What is the Solution if you have a Wayside Heart?

Desire the Word. Be more receptive and intentional. Change your attitude towards receiving God’s Word.

As newborn babes, desire the pure milk of the word, that you may grow thereby.

1 Peter 2:2

2. The Rocky Heart

This is a heart full of emotional reactions. It has a mental assent of the Word without strong conviction. The rocky heart is excited at what is possible but fails to take action.

This set of people usually engage the teachings with emotions. Yet, they forget God’s Word when tribulations and negative circumstances come. When you have a rocky heart, the teachings you receive remain at the head level. The head level is the level of awareness

God’s Word first creates awareness in your head before it brings revelation and faith to your heart. The Power of the Word only comes alive when you move from awareness to revelation and faith.

What is the Solution when you have a Rocky Heart?

Stay in the Word and diligently seek Him.

But without Faith it is impossible to please Him, for he who comes to God must believe that He is, and that He rewards those who diligently seek Him.

Hebrews 11:6

3. The Thorny Heart

This is the heart full of worldly worries, glamorized social media lifestyles and status consciousness.

If your outlook becomes influenced by the affairs of the world, it eventually chokes the Word of God. When you have a thorny heart, you see God as the access to material wealth, rather than the centre of your existence. You begin to see God as a tool, rather than a father.

What do You do if you have a Thorny Heart?

Make God’s kingdom your first priority. Don’t live to please others.

Read this article (INVEST IN RELATIONSHIPS THE RIGHT WAY) to learn the proper way to build relationships.

But seek first the kingdom of God and His righteousness, and all these things will be added to you.

Matthew 6:33

4. The ‘Good Ground’ Heart

This is the heart that is receptive, amenable and humble. It is open to instruction and desperate for transformation.

When you have the ‘good ground’ heart, you delight in God’s Word and meditate on it daily.

Blessed is the man who walks not in the counsel of the ungodly, nor stands in the path of sinners, nor sits in the seat of the scornful.

But the delight is in the law of the Lord, and in His law he meditates day and night.

He shall be like a tree planted by the rivers of water, that brings forth its fruit in its season, Whose leaf also shall not wither; And whatever he does shall prosper.

Psalms 1:1-3

Final Words

It’s possible to exhibit various states of the heart depending on the situation. Keep vigilant watch over the state of your heart at all times.

Growth will only happen when you locate where you are and move away from there.

Prime Source: Elevation Church Sermon on March 14, 2021.