Thank you very much, Adeola, for having Wale speak to us on CZcams on how to achieve freedom and safeguard the future of our kids. The remote investments in Nigeria have, however, always been our Achilles heel for us. You have the funds, but no green ventures exist for you to invest them in.
Nigerian banks gives interest on savings account monthly if you didn't withdraw from the account at ALL. Please have two saving account, one for your daily purchasing items etc. And the other you only use it for savings, no withdrawal at all. If you save N1.5million, in any Nigerian bank for one month, you would receive an interest of N5,000. Its small but better than investment in fraudulent firms that would promise you 30% profit.
You are right. I left N1m in GTB for five months and the interest they gave me every month range from N3000 to N5000 per month. But since Adeola brought Tosin of MoneyAfrica to her show I have stepped up my game as Money Africa gives 11% per annum. This means that if I save N1m with Money Africa my monthly interest will be N9000. You can go for 3 months saving plan, 6 months plan, 9 months plan or 12 months saving plan. For 3 months saving plan you will get 9% per annum. The rate is increased gradually depending on how many months you want to save your money for.
@blessed assurance You need to remember that you cannot rely on a saving plan that yield 11% per annum to sustain you when you retire. So the best thing to do according to Money Africa is to have a portfolio of investment that include: Low risk investment, Medium risk investment and High risk investment. So your capital should be spread across your investment in ratio 50:40:10
From my own understanding the minimum amount to invest will depend on how much you earn, which country you live in, and how much time you have, to allow your investment to grow. In my own opinion the first step is to cultivate saving habit. After saving consistently for about 12 months or 24 months, you can then invest your money. If you save fairly big amount of money every month then you can move your savings into your investment plan every three months. You can also use your money to buy assets regularly. Remember assets bring money to your pocket and liabilities take money out of your pocket. You can google Robert Kiyosaki's definition of assets and liabilities.
You need a side-hussle. If i put it in a different way i will say you need to create multiple sources of income. I know someone who have a full time job, also have sowing machine in her house and sow clothes for people, and she also sell recharge card and prepaid electricity vouchers. In this present economy it is a good idea for both husband and wife to work and bring some money into the family. If need be, one person can work from home while the other person can get salary job or have a shop in strategic location.
Please Nigerians, there's noting bad in savings to met a target. You can save in bits in you savings account till you get a milestone like a million naira. Then you invest that, split it into 2 ie 500k each and do mutual funds and real estate, even if the real estate location is Epe. Remember you are still working, so you still have your main source of income. Continue the pattern and be prayerful, with time you would achieve a stability to some extent.
This interview shows that Adeola was very biased when she interviewed Peter Obi, Mr Wale hardly answered any question well. Was it because it was a remote interview, you didn't try to stop him with all gestures like you did for PO. What's financial literacy without speaking of investment options. He does not even understand the need of the audience he is here to address. Not all Nigerians are into get rich quick, we need quality information.
I made a comment 22 hours ago, while yours was 13 hours. And i said he didn't provide any useful information, given his wealth of experience as Adeola had spelled out.
Oga there is no bias here.. its obvious the guy is not answering the questions well because he likes to be paid for his services so he is just touching on the surface..he is a private individual and does not work for the public... while peter obi wants to work for the public so deserves all the questions abd scrutiny done on him.. but in all mr wale would have done better because he accepted to come for the interview.
Adeola, I listen up till 33 minute into the program and Mr. Wale is just talking (permit me) to say nonsense. He has been westernize, saving money is not the ultimate its using the money in a profitable venture. I like to come to your program to speak on the real issues, there is difference between wealth creations and becoming financially free. Wealth creation is having multiple streams of income, investing money into different portfolio. This requires you to be above an average income earner. Been financially free on the other hand can be planning, by putting certain sum of money into a good plan such as a retirement pant or insurance to help secure once future. Which another body that is discipline can achieve.
If you don't have the capital, how do you invest in a profitable venture? I don't think he is talking nonsense, you have to raise money before you can invest. Savings is the basic.
@@TWUMKWAME5 Forgive my language, it was of lack of better word that i said nonsense. Saving in itself is not an idea thing to do, there are better options to saving. If you save your money by putting it in the bank, you are actually losing money. The bank is the gaining while you losing money. There is what is called the rule of 72, try find out what it means. Which is compounding interest, insurance is a good investment, it can create generational wealth.
I respect you for rescinding your poor choice of words. I can see where you are coming from, the banks are only good for transactions, not a place to pack your money.
@@tuforu4 Thank you, am a Nigerian Canadian, and i am a licensed Financial Advisors. I don't have the wealth of experience that Wale has but he didn't give people enough on creating wealth or becoming financially free.
He lives in Canada so if you dont live in Canada, he may not be in the best position to help you. if you really want to invest the first thing you need to do is to save up some money, then contact Tosin of Money Africa.
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Thank you very much, Adeola, for having Wale speak to us on CZcams on how to achieve freedom and safeguard the future of our kids. The remote investments in Nigeria have, however, always been our Achilles heel for us. You have the funds, but no green ventures exist for you to invest them in.
I'm here with you Deola from Lagos.
I so much love that idea of now,soon and later
It is really interesting to know that agricultural businesses thrive well overseas
I'm watching from Nigeria. Good job from you
I'm watching from Warri offshore, Nigeria..
Thank you Wale for great and educative advise, time well spent. Thank Adeola:)
Infact God bless you paaa....Very good woman
Hello I am watching you from Sierra Leone
I am Joining from Des Moines, IOWA
Nice one Adeola, this is live from oyingbo, lagos
watching from china
Watching from crazy America
Please call it what you like to see or how you want it to be for you ok
Very interesting session
Nigerian banks gives interest on savings account monthly if you didn't withdraw from the account at ALL. Please have two saving account, one for your daily purchasing items etc. And the other you only use it for savings, no withdrawal at all. If you save N1.5million, in any Nigerian bank for one month, you would receive an interest of N5,000. Its small but better than investment in fraudulent firms that would promise you 30% profit.
You are right. I left N1m in GTB for five months and the interest they gave me every month range from N3000 to N5000 per month. But since Adeola brought Tosin of MoneyAfrica to her show I have stepped up my game as Money Africa gives 11% per annum. This means that if I save N1m with Money Africa my monthly interest will be N9000. You can go for 3 months saving plan, 6 months plan, 9 months plan or 12 months saving plan. For 3 months saving plan you will get 9% per annum. The rate is increased gradually depending on how many months you want to save your money for.
@blessed assurance You need to remember that you cannot rely on a saving plan that yield 11% per annum to sustain you when you retire. So the best thing to do according to Money Africa is to have a portfolio of investment that include: Low risk investment, Medium risk investment and High risk investment. So your capital should be spread across your investment in ratio 50:40:10
Hello Adeola, can U notice me? I am joining from Des Moines-Iowa
What is the advised minimum amount to invest with and on what?
From my own understanding the minimum amount to invest will depend on how much you earn, which country you live in, and how much time you have, to allow your investment to grow. In my own opinion the first step is to cultivate saving habit. After saving consistently for about 12 months or 24 months, you can then invest your money. If you save fairly big amount of money every month then you can move your savings into your investment plan every three months. You can also use your money to buy assets regularly. Remember assets bring money to your pocket and liabilities take money out of your pocket. You can google Robert Kiyosaki's definition of assets and liabilities.
Watching from badagry
I'm from Badagry too
I like to be financially comfortable and reach out to people. Well done Wale and Adeola God Bless you
My salary is not forthcoming, I have to borrow to feed my family, how can I save
You need a side-hussle. If i put it in a different way i will say you need to create multiple sources of income. I know someone who have a full time job, also have sowing machine in her house and sow clothes for people, and she also sell recharge card and prepaid electricity vouchers. In this present economy it is a good idea for both husband and wife to work and bring some money into the family. If need be, one person can work from home while the other person can get salary job or have a shop in strategic location.
Where are my Calgarians at?!? 😊
Please Nigerians, there's noting bad in savings to met a target. You can save in bits in you savings account till you get a milestone like a million naira. Then you invest that, split it into 2 ie 500k each and do mutual funds and real estate, even if the real estate location is Epe. Remember you are still working, so you still have your main source of income. Continue the pattern and be prayerful, with time you would achieve a stability to some extent.
Etherum is about to change its software which will reduce energy consumption for résolution of transactions ‐ does it make sense invest now?
When are you going to invite AAC presidential candidate omoyele
This interview shows that Adeola was very biased when she interviewed Peter Obi, Mr Wale hardly answered any question well. Was it because it was a remote interview, you didn't try to stop him with all gestures like you did for PO. What's financial literacy without speaking of investment options. He does not even understand the need of the audience he is here to address. Not all Nigerians are into get rich quick, we need quality information.
I made a comment 22 hours ago, while yours was 13 hours. And i said he didn't provide any useful information, given his wealth of experience as Adeola had spelled out.
Oga there is no bias here.. its obvious the guy is not answering the questions well because he likes to be paid for his services so he is just touching on the surface..he is a private individual and does not work for the public... while peter obi wants to work for the public so deserves all the questions abd scrutiny done on him.. but in all mr wale would have done better because he accepted to come for the interview.
@@adaobivalerie6666 AM happy you mentioned Mr wale should have done better since he accepted to come...
@@blessedassurance5934 yea because he could have done better
Adeola, I listen up till 33 minute into the program and Mr. Wale is just talking (permit me) to say nonsense. He has been westernize, saving money is not the ultimate its using the money in a profitable venture. I like to come to your program to speak on the real issues, there is difference between wealth creations and becoming financially free. Wealth creation is having multiple streams of income, investing money into different portfolio. This requires you to be above an average income earner. Been financially free on the other hand can be planning, by putting certain sum of money into a good plan such as a retirement pant or insurance to help secure once future. Which another body that is discipline can achieve.
If you don't have the capital, how do you invest in a profitable venture? I don't think he is talking nonsense, you have to raise money before you can invest. Savings is the basic.
@@TWUMKWAME5 Forgive my language, it was of lack of better word that i said nonsense. Saving in itself is not an idea thing to do, there are better options to saving. If you save your money by putting it in the bank, you are actually losing money. The bank is the gaining while you losing money. There is what is called the rule of 72, try find out what it means. Which is compounding interest, insurance is a good investment, it can create generational wealth.
I respect you for rescinding your poor choice of words. I can see where you are coming from, the banks are only good for transactions, not a place to pack your money.
You GENIUS I BET AND WELL TRAVELLED.....
@@tuforu4 Thank you, am a Nigerian Canadian, and i am a licensed Financial Advisors. I don't have the wealth of experience that Wale has but he didn't give people enough on creating wealth or becoming financially free.
How can i invest please i need him number
He lives in Canada so if you dont live in Canada, he may not be in the best position to help you. if you really want to invest the first thing you need to do is to save up some money, then contact Tosin of Money Africa.
Please Ma, can I get your email Ma.