SEMINAR RECAP ON THE TREASURED ENTREPRENEURS ASSOCIATION “TEA” HALL OF WEALTH GENERAL ACTIVE GROUP…
👉🏼Theme:
❤ FINANCIAL FREEDOM…
💚 How to become RICH and achieve financial indepence…
🎤 SPEAKER/FACILITATOR/DISCUSSANT…
🗣 MR SANNI ADEMOLA ALLIU…
Good evening ladies and gentlemen!..
QUESTION BY THE FACILITATOR👇🏼
Why are you here? 🤷🏼♀🤷🏼♀
Why did you join TEA?🤷🏼♀🤷🏼♀
two responses please!!!
RESPONSES BY THE PARTICIPANTS!!!👇🏼
R1: It’s for business mentorship and networking….
I’m here to expand my reach.
R2: To learn and share knowledge of what counts for excellence and lasting success as an aspiring entrepreneur.
R3: 1. Entrepreneurship development
- Skills acquisition
- Business networking
So, with all these beautiful responses, what are we hoping to get at the long run?…
So, that brings us to tonight’s discussion…
Financial Freedom
In simple terms, Finance means money.
Freedom refer to state of being independent, self-sustained and self-sufficient….
Please note
Real money is not cash, Real money is VALUE.…
Finance means money and in this context personal money. .
Freedom here means having the choice to pursue what you want and being free from worrying about having a source of income, that depends on you working to cover your expenses….
Financial Freedom means that you have assets such as investments, rental income, stocks, shares, low input businesses that earn an income for you which can cater to your present living expenses and needs in the future.
I would like to add, if you want to sustain a source of income or a business, think of the values you want to add and the money you want to get.
Facebook started as an intra faculty messaging platform but what has become of it today.
It means not having to work for money. When your passive income exceeds your active income (salary), you are financially free….
Financial freedom is not about being rich. More than aiming to be rich, it is important to aim for financial independence. And there is a big difference between the two….
Financial Independence is about the freedom to choose what you want to do when you want to do it. You are not compelled by monetary reasons. This may not hold true if you are ‘rich’. Being rich is just a number; it means different things to different people at different times….
Who can be financially free?
Two responses please…
Absolutely anyone who wants to be. Some myths to bust – you don’t need a large sum of money to get started. The truth is that it is something you can achieve by yourself if you decide to. When working towards financial freedom, it is important to understand that financial freedom is more about a mindset and less about money. It requires discipline, decisions, and planning.
How can you achieve financial independence?
Financial freedom requires wealth creation. For you to create wealth, three primary components are needed. They are savings, time, and the right investment avenues. The journey to creating wealth can start as soon as you can save from your income. What is needed, even before a high salary, is a conviction that it is possible. Keep this in mind when you get started…
Save before you spend – This is essential if you want to be regular with your investments
Put your money to work – Invest in both short term instruments to protect your present and in inflation-beating instruments that will help accumulate wealth over the long term. The journey to financial freedom is a long term journey one, where patience and persistence are key…
Where to start?
What does your lifestyle cost you in the present day? Use online calculators that factor in inflation to understand what it will cost you in 10, 20, 30 or 40 years, depending on when you aim to achieve financial independence. Understanding inflation is a key factor that will help you decide how much you will need exactly. You may not have the means to reach that target number today, but as your present income grows, the target will become more achievable. What matters is that you keep chipping away at it. Live within your means, to ensure you can save, and invest what you save….
Start investing early
Become financially literate and seek help from professionals when you can’t understand something
With a salary increase, increase your investments. Use bonuses and windfalls to add to your investments when you can….
Finally, with these principles, absolutely anyone who has a present source of income can work towards financial freedom. Financial freedom is not an idea or meant for the ‘rich’. It is an empowering goal that can give you purpose and clarity….
What we have learnt so far
Add value don’t look for money.
Make your money work for you don’t work for money.
Save before spending
Invest early
Seek for wealth and not riches.
Thank you all…..
TREASURED ENTREPRENEUR ASSOCIATION 