Destiny Builders' Network DBN & Amazing Hope Foundation LHF

20/01/2026

I wrote a book titled Echo Income 📘. I did a video before now from my regular teachings from this book about different types of money 💰.

There is non-living money. That’s the money you use to make furniture, buy dresses 👕, electronics, etc. That kind of money does not grow 🚫📈.

There is living money 🌱💵. It is money that grows, money you can invest to reproduce more money. It is sensitive to stimuli. When the economy improves 📊, when you buy shares, stocks can go up 📈 — and they can also come down 📉. You have bullish runs 🐂 and bearish runs 🐻. That is living money.

Then there is irresponsible money ⚠️💸. Any money you don’t give a task, you don’t give a responsibility, will attract problems to itself. At the end of the day, you will spend it and not know what you spent it on 🤷🏽‍♂️.

Irresponsible money is money you don’t label 🏷️. Before you get money, label it. Once you label it, because you are godlike ✨, the devil cannot make you squander it — unless you are irresponsible.

Then there is eternal money ♾️💰. Eternal money comes from activities you invested your time ⏳, energy ⚡, effort 💪, and intellect 🧠 into — and it keeps bringing money even after you have departed 🌍➡️.

The Bible says a righteous man leaves an inheritance for his children’s children 👨‍👩‍👧‍👦. That means your children, and your children’s children, should benefit from your legacy. For some of us, when we depart this earth, we will leave usernames and passwords 🔐. Intellectual materials 🧠, creative works, investments 🏗️ that can sustain our great-grandchildren, God helping them not to be foolish 🙏.

This brings me to the purpose of this video 🎥.

People who have not made a mark like to compare people 🗣️.
“This person has more money.”
“This one is more talented.”
“This one is better than this one.”

Some people compared Fela Anikulapo Kuti 🎷🔥 with a contemporary musician. That was when trouble started. If you want to look for trouble, select your fights 🥊. You went to look for the descendants of Fela Anikulapo Kuti — someone who confronted the military 🪖, confronted the police 🚓, and challenged authority openly. That’s the family you want to provoke?

Seun Kuti came out and said he received $120,000 💵 from his father’s intellectual property — royalties . That is intellectual property still bringing money. Anytime you listen to Fela’s music , his children earn 💰.

$120,000 to one son. Imagine how many children Fela had 🤔. Imagine how much reached each of them. And that is apart from Seun’s own work and businesses 🏢.

That is eternal money ♾️.

My father-in-law still sends money from the grave ⚰️. There was a portion of land he inherited from his grandfather 🌍. A company put something there and they pay rent 🏭. Recently they paid ₦12.5 million. My wife received ₦2.5 million. We invested it in another property 🏠 she inherited from her mother, who inherited it from her grandfather. My children and their children will collect rent from that property 👨‍👩‍👧‍👦➡️👶.

That is how to live 💡.

Don’t live only for today ⏰. Don’t squander money foolishly 🚫💸. Invest in what will bring money perpetually and eternally 🌱.

I have about eight bedrooms in my house 🏠. One is filled with books 📚. My children are already doing wonders with them ✨.

Some of you come here, "So you're a content creator?" Mumu. Wetin your papa create? I’m not just a content creator 🎥. I’m a legacy creator 🏛️.

Before criticising and comparing people , create something your children’s children will benefit from 👨‍👩‍👧‍👦.

A righteous man leaves an inheritance for his children’s children 📖. Anybody who does that, even if you don’t like him, has done righteously ✔️🙏.

Highlights from "Fela No Dey Die! 29 Years Later, He ‘Sends’ $120,000 to Seun 🎶🔥"
Full video link below

11/01/2026

09/12/2025

There is a SILENT financial mistake many Nigerians are making today, and the sad part is this:

Most people don’t even know it is a mistake until it begins to affect their business growth… not just their tax.

Yesterday, someone asked a very intelligent question under my last post.
A question millions of business owners need to understand.

He asked:

“Iking Ferry, if someone receives ₦20m turnover but only makes ₦500k profit, will he be taxed on ₦20m? Shouldn’t he declare his actual profit?”

This is the kind of question I love, because it shows someone is thinking correctly.

Now let me answer in a way EVERYONE will understand:

And let me start with TRUTH Most People Don’t Know

When you run business with:

Your personal account, or

A business name / enterprise

The law sees:

YOU = THE BUSINESS

There is no separation between the money of the business and your money.

So your turnover becomes your personal income.

And under the current tax policy:

Personal Income Tax applies once your annual turnover crosses ₦800,000.

That means:

Even if you sell provisions

Even if you run POS

Even if you are a mini-importer

Even if you are a freelancer, tailor, baker, vendor…

Once the total money that enters the account passes ₦800k in 12 months
you are seen as taxable.

Now here is where many people get it wrong:

Government is NOT supposed to tax your turnover, but your profit.

So if:

₦20,000,000 enters your account in a year

Your REAL profit is ₦500,000

The only thing taxable is the profit.

But here is the issue…

THE PROBLEM IS NOT THE TAX… IT’S RECORD KEEPING

If you run a personal account or business name:

YOU MUST PROVE your expenses yourself.

Meaning:

If you bought goods… show receipt

If you paid rent… show receipt

If you paid transport… show receipt

If you restocked… show receipt

If you paid staff… show receipt

If you bought diesel… show receipt

If you did repairs… show receipt

If you cannot PROVE it…

The taxman will calculate your tax for you based on what he SEES, not what you SAY.

And what he sees is inflow.

This is why many innocent business owners enter trouble
not because of tax, but because of lack of structure.

NOW LET ME SHOW YOU WHAT THE SMART & RICH DO

The wealthy don’t run serious business with personal accounts.

They run limited liability companies.

Why?

Because under the current tax policy:

Companies with turnover below ₦100 million per year = 0% COMPANY TAX.

Not profit o…

Turnover.

Let me make it simple, in a way that even Grandma in the village will understand:

If your LTD company does:

₦20m turnover, you will pay 0% tax

₦70m turnover, you will pay 0% tax

₦40m profit, you will pay 0% tax

As long as you are under ₦100 million turnover,
you are exempted from company income tax.

This is WHY structure matters.

As your Financial Literacy Advocate, let me tell you the simple STRUCTURE that I Teach My Students at Pulseford Business School (And It Works)

1. Open Two Corporate Accounts (Very Important)

Account 1: SALES ACCOUNT
All money from customers enters here.

Account 2: EXPENSE ACCOUNT
Any time you want to spend money,
move money from Account 1 to Account 2 and spend from there.

Just these two accounts will automatically separate:

Your inflow

Your outflow

Your expenses

Your profit

Even if you don’t have an accountant.

But if you can afford one, please Hire

2. Keep Your Receipts, not invoice oooh ( I mean receipts)

The taxman does not want stories.
Receipts are your protection.

3. File Your Returns Yourself

You can file your returns online.
No need to wait for a tax officer to come knocking.

If you don’t file…

The government will estimate for you.

And estimated tax is never sweet.

NOW READ THIS PART CAREFULLY

Running business inside personal account is not “bad”…
but it is LIMITING.

It exposes you to:

Wrong tax classification

Poor financial records

Difficulty getting loans

No legal separation

No investor trust

No access to government incentives

No tax benefits

No growth structure

But when you move to a Limited Liability Company:

Your turnover threshold becomes ₦100 million

You can deduct ALL allowable expenses

You can prove your profit easily

You enjoy tax reliefs

You build financial credibility

You separate yourself from the business legally

And 90% of unnecessary tax issues disappear.

In Summary

It is not tax that destroys people…

It is ignorance + lack of structure.

This is why I spend hours teaching everyday.
I want your business to grow with sense, not guesswork.

If you want to register a Limited Liability Company or upgrade your business name,
just go to Google and search:

Shoprime NG

They have CAC agents and accountants who understand this system well.

I am Iking Ferry,

Your Financial Literacy Advocate

On a mission to build 1,000,000 financially FREE Nigerians
through knowledge, structure, and smart decision-making.

08/12/2025

If you get this ONE THING wrong in your taxes… 2026 will humble you badly.

ALLOWABLE vs NON-ALLOWABLE EXPENSES - READ THIS NOW

My people, before I teach you today’s lesson, let me first warn you with love:

In this 2026 New Tax Era, ignorance is more expensive than tax itself.

Many Nigerians will get into trouble, not because they are criminals…
…but because they don’t know the difference between Allowable Expenses and Non-Allowable Expenses.

So today, As your Financial Literacy Advocate, let me break it down in a way that even Grandma in the village will nod her head and say, “Yes, I understand!”

Let me tell you about Mama Ngozi, who runs a small frozen-food shop.

Every month, she spends money on different things:

Buying stock

Paying shop rent

Paying her sales girl

Buying diesel for freezer

Transport to market

Data for WhatsApp Business

And sometimes… new wig

Or money she sent to her sister for “family matter”

Now listen carefully…

When FIRS asks her:
“Madam, bring your business expenses so we check your tax,”

Two things will happen instantly:

1: Some of those expenses WILL reduce her tax (Allowable Expenses)

2: Some WILL NOT reduce her tax (Non-Allowable Expenses)

If she brings the wrong expenses, she will pay more tax.
If she brings the right expenses, her tax will reduce, sometimes to ZERO.

IKING, WHAT ARE ALLOWABLE EXPENSES?

These are expenses the law allows you to remove from your income before calculating tax.

The rule is simple:

If you spent the money to keep the business running, FIRS will allow it.

Let me give you Example:

ALLOWABLE EXPENSES (Reduce your tax)

Buying goods/stock

Shop rent

Employees’ salaries

Diesel/NEPA bill for business

Business data + call credit used for customers

Business transport

Marketing/advertising

Repairs of business machines (freezer, generator, POS machine)

Packaging materials

Bank charges

Business Loan Repayment

Cleaning/security expenses for the shop

Professional fees (like accountant, lawyer)

Cost of POS rolls, receipts, business subscription etc.

These ones help your business survive, so government allows them.

WHAT ARE NON-ALLOWABLE EXPENSES?

These are expenses that are not the business’s headache.

The law is very clear:

If the expense is personal, luxury, family-related or not tied to the business, FIRS will NOT allow it.

Let me give you some Examples:

NON-ALLOWABLE EXPENSES (Do NOT reduce your tax)

Wigs, shoes, clothes

Money you sent to siblings or parents

Personal birthday, wedding, anniversary expenses

School fees of your children

Feeding and home upkeep

Personal loan repayment

Personal house rent

Buying phone for pleasure

Netflix subscription

Weekend enjoyment, shawarma & wine

Money you “borrowed” your boyfriend/girlfriend

FIRS will remove these ones and calculate tax on the real business profit.

Let me give you A Simple Formula that will Help You Forever

Any time you spend money, ask yourself:

“If my business closes today, will this expense still exist?”

If YES, Non-allowable
If NO, Allowable

Example:

If mama Ngozi closes her shop today,
• The wig money will still go
• The family support will still go
• The birthday will still happen
• The Netflix will still stream

But:

• No stock to buy
• No diesel to buy
• No sales girl to pay
• No transport to market

Those are pure business expenses.

I know you may be wondering.....

WHY IS THIS IMPORTANT NOW?

Because from January 1st, 2026, tax officers will not be smiling.
They will ask:

“Show us your income.”

“Show us your expenses.”

“Show us your proof.”

And if you don’t understand Allowable vs Non-allowable Expenses,
you will pay tax on EVERYTHING - even things you shouldn’t pay tax on.

Knowledge is now an asset.
Ignorance is now a liability.

Here's my advice to all small business owners

Open TWO business accounts

One for receiving money (income)
One for spending money (expenses)

Keep receipts of every allowable expense

Even if it’s small.

Don’t mix your personal life with business money

That is how many people enter trouble.

File your annual returns

It’s not stressful.
You must not be an Accountant to do this,
Even FIRS will guide you.

My people…

Tax is not your enemy. Ignorance is.

The new tax law is not wicked.
It actually gives room for reliefs and deductions
but only if you understand the rules.

And this is exactly what we teach our students at Pulseford Business School
so that nobody will cheat you,
and you also won’t cheat yourself.

If you found this post helpful,
drop a “THANK YOU IKING” so others can see it.

I am Iking Ferry,
Your Financial Literacy Advocate
On a Mission to build 1million Financially FREE Nigerians with the right knowledge

08/12/2025

IF YOU THINK “BUSINESS NAME” WILL SAVE YOU IN 2026 TAX… READ THIS BEFORE YOU ENTER PROBLEM.

My brother… my sister…

Let me warn you with love:

2026 TAX does NOT care whether you registered “Business Name”, “Enterprise”, or “Mama Ngozi Ventures”.
If you’re not careful, you will still enter wahala.

Yesterday, someone asked:

“Sir Iking Ferry, I registered my business as Business Name and I opened a corporate account… am I safe?”

Let me answer you publicly because millions of Nigerians are about to make the same mistake.

First...

BUSINESS NAME IS NOT PROTECTION. IT IS NOT A COMPANY.

Let me break it down like I’m talking to grandma in the village:

A Business Name is like using nylon to cover your food…

A Limited Liability Company (LTD) is like using iron safe with padlock.

Which one protects you more?

Exactly.

Now sit down...
Let me tell you Why Business Name Can Put You In trouble in 2026

Under “Business Name”, YOU and your BUSINESS are the same person in the eyes of the law.

Meaning:

If your business is owing… you are owing personally

If money enters the business… it is counted as YOUR income

If your inflow passes ₦800k per year… you are taxable under Personal Income Tax (PIT)

If you make mistake in the business… they come for you, not the business

That is why most small business owners will cry next year.

They think “Business Name” = company.

It is NOT.

As your Financial Literacy Advocate, let me tell you The Sweet Part Most People Don’t Know

Under the 2025 Nigeria Tax Act, something beautiful exists:

If you own a Limited Liability Company (LTD) and your turnover is below ₦100 million…

YOU PAY ZERO COMPANY INCOME TAX.

Let me repeat it again:

₦0.00 tax.

Nothing.
Nada.
Zero.

That is why smart people don’t run serious business under “Business Name”.

They use LTD and enjoy government benefits.

Hmmm..

Okay, let me gist you small with a Story

Imagine two people selling the same thing:

1. Chinedu - Business Name

He sells fairly used phones.
All the money enters his personal account.
Yearly inflow: ₦4.2 million.

FIRS will tax him under Personal Income Tax.

Why?
Because income above ₦800k is taxable.

Even if he spends that money to buy new phones, it doesn’t matter.
They count ALL the inflow as his personal money.

Chinedu = WAHALA loading.

2. Aisha - Limited Liability Company (LTD)

Same business.
Same inflow: ₦4.2 million yearly.

But guess what?

She removes business expenses:

stock

transport

generator diesel

rent

POS charges

repairs

packaging materials

data

delivery

salaries

After deducting expenses, her taxable profit becomes almost ZERO.

And because her turnover is below ₦100 million…

She is automatically exempted.
No company tax.

Aisha = SLEEPING WITH TWO EYES CLOSED.

Do you see the difference?

Same business income.
Different structure.
Different outcome.

SO BACK TO YOUR QUESTION:

“Is Business Name safe?”

My brother… let me answer with honesty:

Business Name is better than nothing.
But it is NOT enough if you are serious about growth, tax efficiency, or protection.

If your inflow is:

more than ₦100k monthly

or you plan to grow

or you use a POS / fintech account for business

or you receive money regularly from customers

You need to upgrade to Limited Liability Company.

Not because of fear…
But because of financial wisdom.

Small business owners don’t get into trouble because of tax.

They get into trouble because of wrong structure.

Here's my Advice To You - And Anyone Reading This Now

Before January 1st 2026:

Upgrade your Business Name to a Limited Liability Company

Open two corporate accounts (Sales + Expenses)

Separate your personal money from business money

Keep receipts and records

File annual returns

Follow this page daily and learn the basics

If you are making over ₦200,000 monthly through a personal account or Business Name…

You are sitting on a time bomb.

IF YOU WANT TO UPGRADE YOUR BUSINESS NAME OR REGISTER A COMPANY…

Go to Google and type:

Shoprime

They work with CAC-accredited agents and accountants that understand tax compliance.

Affordable. Fast. Professional.

Infact we have reach out to Shoprime Management to offer 30% Discount to Anyone Coming from this page.

Please Note: this is not a Sponsored Post, I personally reach out to them because of my mission to build 1million Financially FREE Nigerians, and because they have a lot of Professionals that understand Taxation, and Business Structuring that will guard you Better.

I am Iking Ferry,
Your Financial Literacy Advocate.
Founder, Pulseford Business School
My mission is simple:

To raise 1 million financially intelligent Nigerians who don’t fear tax…
Because they understand the law.

If this helped you, share it.
Someone you love may be one bad decision away from trouble.

07/06/2025