“You should also invest in your passion. One of the pointers to passions is that it is something you are willing to do without money; and whatever you do with passion consistently always ends up bringing money. There are two ways to make more money available to you; these are increasing your income and decreasing your expenditure.”
“Informed risk means carrying out due diligence to know how volatile that sector is. Calculated risk is investing the money you can do without. The question is how manageable is the risk? What is your investment goal? What is your risk appetite? How much do you have to invest? For how long do you have to invest,” he noted.He said, “When we talk about education, there are three dimensions to education. You are either educated or uneducated or mis-educated.
“When you give people only a dimension, an aspect, or just a picture, it is mis-education. So, people walk away thinking that they know all they need to know, meanwhile they don’t, and that came as a shock to me. “Schools don’t teach financial intelligence and that is why you can go to school and get a master’s degree in business administration yet you can’t run a barbing salon or a restaurant successfully. That is because you know the theory and not the practical.