All posts by Bunmi Olayanju

About Bunmi Olayanju

Bunmi Olayanju MBA, CFA is a finance professional who enjoys writing. He writes with the goal of enhancing the financial well-being of readers by sharing actionable tips and best practices in managing finances. He believes individuals can take ownership of their financial destinies and successfully mobilize, manage and multiply available resources. To read more on financial management or to consult with him visit his website, click here.

How To Finish 2017 Financially Strong



Every day, tourists and New York residents alike flock to the financial district in downtown Manhattan to view the “Charging Bull” – an iconic symbol of American capitalism. My daily work commute runs through this part of town and I am always intrigued by the number of people who stop by, regardless of time of day or weather condition, patiently standing in line, waiting for their turn to take pictures , resolutely intent on taking a piece of the bull with them.

There is often a healthy dose of optimism that greets a new year. We are bullish about the prospects for the year. Perhaps this is the year that a perfect combination of factors will lead us to financial paradise – the economy is growing at a fast clip, inflation is kept in check, there is political stability, our business idea takes off, we invest in that penny stock that generates super-sized returns and we get that promotion we’ve long been angling for!

If you have resolved to make 2017 a bull year – to own the year the same way those picture-takers in the financial district proudly take the bull home with them- you need to take action.  2017 is mid-way, decide to take charge of factors within your control rather than merely hoping external factors are favorable. For me, a bull year is one in which

  • I live within my means, that is, my income exceeds my expenses
  • I live well – I meet all my financial obligations and enjoy a good quality of life
  • I take prudent action that fosters my family’s future financial well-being
  • I enjoy greater financial margin, a growing net worth, compared to prior years
  • I give freely to support people and causes that are near and dear to my heart

American author and poet, Henry David Thoreau said “if you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.” In other words, it’s great to be bullish about 2017 from a financial standpoint but don’t just fold your arms and hope for the stars to magically align in your favor. Make this a bull year by changing your aptitude with respect to money.

Are you merely working for money or do you know how to make money work for you? There are time-tested principles that govern money management and wealth accumulation. The more you understand and apply these principles, the better your financial standing. This year, take steps to become more money savvy – read books, attend seminars, listen to podcasts, consult with a financial advisor. In the words of Robert Kiyosaki, “it’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for”. Sound fiscal aptitude makes your money grow and stick around much longer.

Money calls for responsible stewardship no matter how little or how much of it you currently possess. Do you have a money game plan for 2017? Without a plan, you are leaving your financial outcome to chance. Take time at this time of the year to lay out what needs to happen for you to consider this a successful year financially. I have shared with you my personal definition of a bull year. What’s yours? Once you have laid out your plans, pursue them with vigor and enthusiasm. Do not merely hope this is a bullish year, seize the initiative and make 2017 a bull year!

This article is re-blogged from

The Value of Goals


The word “goal” is a very common word. In simple terms, a goal is an end result to which effort is directed. Just about every English speaker knows the meaning of the word. However, not too many people know the value of a goal. A well-crafted goal is the precursor of achievement. Paul Myer remarked, “No one ever accomplishes anything of consequence without a goal . . . Goal setting is the strongest human force for self-motivation.”

Goals goad us on.  Goals give us a reason to get out of bed in the morning. The impetus to try again where we previously faltered, perhaps repeatedly. Spencer W. Kimball said “make no small plans. They have no magic to stir men’s souls.”

Goals guide us. Like a compass, goals provide direction in the midst of the maze of life. We all inevitably come to crossroads, decision points in our lives. At such points, the goals we set in advance become the true north, pointing the way. As bestselling author and leadership expert, John Maxwell pointed out, “you see, on the success journey, the goals you set become your route.”

Goals guard us. They shape our priorities. Goals imply choosing between must-haves and nice-to-haves; between must-dos and nice-to-dos. Goals beckon on us to come up higher; to leave trivial pursuits behind and go forward at destiny’s behest.

Without goals, life loses its edge. There’s no zest for living. Bereft of goals, individuals and organizations go astray and languish. When goals are lacking, we are quick to settle for the mundane – the status quo. Don’t settle. In the words of Abraham Lincoln, “the best way to predict your future is to create it.” Setting goals puts you in the driver’s seat of your life. Your destiny is not your fate, it’s your choice – choose wisely!


Starting next week, join me to explore the qualities of a well-crafted goal and how to set goals that help you get ahead in your finances.

Photo credits: Dreamstime

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