Creating wealth through FirstGem initiative
News & Trends •
this is why a footballer basket baller and athlete can earn and accumulate millions of dollars but can still go broke few years after retirement2 by chinyere joel-nwokeoma dont scatter your sand until you mold your blocks is an adage employed recently by a foremost entrepreneur mrs ibukun awosika to strongly tell female creative professionals to save money and create wealth for the rainy day.2 it was a gathering of celebrities such as omotola jalade-ekeinde chioma chukwuka akpotha and ufoma mcdermott at the victoria crown plaza on victoria island lagos2 firstbank organised the event to serve as a tool to help the professionals to manage their incomes more effectively in peak and off peak seasons2 according to the bank the event was borne out of the need for wealth creation and management especially by the creative female professionals2 firstbank says it seeks to provide the women with the principles of wealth management investment and savings through its female proposition product firstgem2 firstgem an account designed specifically to meet financial needs of women was officially launched in december 20162 it was designed to suit women from age 18 to achieve their financial goals and aspirations and encourage more women to save to be able to invest and build personal wealth2 since the launch the initiative has encouraged over 10000 women to actively build a healthy savings culture according to the organisation2 awosika the chairman of first bank plc sensitised participants at the entertainment wealth management series to the need to be disciplined to make a difference in their profession2 awosika also the convener of the wealth management series says wealth creation is about setting goals priorities and right principles2 according to the entrepreneur who spoke on the anatomy and mindset of wealth there is time and season for everything including time for savings and wealth creation2 dont scatter your sand until you have molded your blocks awosika advises women2 she notes that firstbank created firstgem in recognition of the importance of women in driving socio-economic growth and change2 according to her the initiative has encouraged more than 10000 women to actively build a healthy saving culture2 the chairman is convinced that savings culture will lead to investment culture2 awosika is of the opinion that investment culture will avert spending without planning2 she promises that firstgem will also give access to soft loans business and personal annual medical and health programmes and leadership trainings on women empowerment to be sponsored by first bank2 the entrepreneur emphasizes the need for women to separate needs from wants for enhanced wealth creation2 she urges that women should not engage in frivolities and should know that they cannot afford everything they want2 even if you have all the money in the world and have not developed the habit of living within certain rules you will still go broke2 the occasion was women in entertainment wealth management series organised by firstbank to educate and encourage women in the entertainment industry on the need to build wealth2 plan for what you can see dont plan on what you are expecting awosika urges2 dr remi banjoko chief executive officer dkbmarkets ltd. who spoke on roadmap to wealth creationbelieves that wealth could be guaranteed by inheritance ideas and right investment2 banjoko is convinced that artistes can go bankrupt due to overspending lack of finance knowledge poor investment decision and hanging out unnecessarily2 according to him 60 per cent of adults globally are financial illiterates2 financial literacy is key for generational wealth he says2 banjoko lists seven steps to generational wealth to include knowing how to value money control money save money and invest money2 he says the others are knowing how to make money shield money and share money through charity mentoring and encouraging people2 he is of the opinion that prosperous people earn compound interest while poor people pay compound interest2 on long-term investment controlling and saving money banjoko advises investment in fixed income securitiesstock market currency market or foreign exchange market as well as commodity2 according to him understanding ones investment risk is essential before embarking on any investment2 banjoko advises investors to widen their investment across a variety of different asset classes and geographical regions by diversifying across shares bonds andproperty among others2 this he believes will reduce the impact of price change in any of the asset classes on the overall value of their investment portfolio2 he wants artistes to harness their expertise through other streams of income such as screen writing creative content establishing internet tv channels such as iroko tv establishing film production companies and branding2 one of the participants and a renowned actress mrs omotola jalade-ekeinde says many entertainers are investors2 most of us are investors and creative minds we live the life2 cutting down on certain expenses is like cutting out our skins but personally i dont go out much the realistic reason is i cant afford it2 i cant afford the time. i cant afford the expenses. i cant buy a dress for an event knowing i can only wear it once2 savings and investments have been a struggle and we need something especially for the creative industry because it is a complex business and practicalising savings is complex in our industry2 when others are struggling with just paying bills. we are struggling with paying bills and showing up2 analysts call on women and all nigerians to imbibe savings culture and take advantage of relevant products and programmes to create wealth to prepare for the rainy day. nanfeatures2

Creating wealth through FirstGem initiative
News & Trends •
this is why a footballer basket baller and athlete can earn and accumulate millions of dollars but can still go broke few years after retirement2 by chinyere joel-nwokeoma dont scatter your sand until you mold your blocks is an adage employed recently by a foremost entrepreneur mrs ibukun awosika to strongly tell female creative professionals to save money and create wealth for the rainy day.2 it was a gathering of celebrities such as omotola jalade-ekeinde chioma chukwuka akpotha and ufoma mcdermott at the victoria crown plaza on victoria island lagos2 firstbank organised the event to serve as a tool to help the professionals to manage their incomes more effectively in peak and off peak seasons2 according to the bank the event was borne out of the need for wealth creation and management especially by the creative female professionals2 firstbank says it seeks to provide the women with the principles of wealth management investment and savings through its female proposition product firstgem2 firstgem an account designed specifically to meet financial needs of women was officially launched in december 20162 it was designed to suit women from age 18 to achieve their financial goals and aspirations and encourage more women to save to be able to invest and build personal wealth2 since the launch the initiative has encouraged over 10000 women to actively build a healthy savings culture according to the organisation2 awosika the chairman of first bank plc sensitised participants at the entertainment wealth management series to the need to be disciplined to make a difference in their profession2 awosika also the convener of the wealth management series says wealth creation is about setting goals priorities and right principles2 according to the entrepreneur who spoke on the anatomy and mindset of wealth there is time and season for everything including time for savings and wealth creation2 dont scatter your sand until you have molded your blocks awosika advises women2 she notes that firstbank created firstgem in recognition of the importance of women in driving socio-economic growth and change2 according to her the initiative has encouraged more than 10000 women to actively build a healthy saving culture2 the chairman is convinced that savings culture will lead to investment culture2 awosika is of the opinion that investment culture will avert spending without planning2 she promises that firstgem will also give access to soft loans business and personal annual medical and health programmes and leadership trainings on women empowerment to be sponsored by first bank2 the entrepreneur emphasizes the need for women to separate needs from wants for enhanced wealth creation2 she urges that women should not engage in frivolities and should know that they cannot afford everything they want2 even if you have all the money in the world and have not developed the habit of living within certain rules you will still go broke2 the occasion was women in entertainment wealth management series organised by firstbank to educate and encourage women in the entertainment industry on the need to build wealth2 plan for what you can see dont plan on what you are expecting awosika urges2 dr remi banjoko chief executive officer dkbmarkets ltd. who spoke on roadmap to wealth creationbelieves that wealth could be guaranteed by inheritance ideas and right investment2 banjoko is convinced that artistes can go bankrupt due to overspending lack of finance knowledge poor investment decision and hanging out unnecessarily2 according to him 60 per cent of adults globally are financial illiterates2 financial literacy is key for generational wealth he says2 banjoko lists seven steps to generational wealth to include knowing how to value money control money save money and invest money2 he says the others are knowing how to make money shield money and share money through charity mentoring and encouraging people2 he is of the opinion that prosperous people earn compound interest while poor people pay compound interest2 on long-term investment controlling and saving money banjoko advises investment in fixed income securitiesstock market currency market or foreign exchange market as well as commodity2 according to him understanding ones investment risk is essential before embarking on any investment2 banjoko advises investors to widen their investment across a variety of different asset classes and geographical regions by diversifying across shares bonds andproperty among others2 this he believes will reduce the impact of price change in any of the asset classes on the overall value of their investment portfolio2 he wants artistes to harness their expertise through other streams of income such as screen writing creative content establishing internet tv channels such as iroko tv establishing film production companies and branding2 one of the participants and a renowned actress mrs omotola jalade-ekeinde says many entertainers are investors2 most of us are investors and creative minds we live the life2 cutting down on certain expenses is like cutting out our skins but personally i dont go out much the realistic reason is i cant afford it2 i cant afford the time. i cant afford the expenses. i cant buy a dress for an event knowing i can only wear it once2 savings and investments have been a struggle and we need something especially for the creative industry because it is a complex business and practicalising savings is complex in our industry2 when others are struggling with just paying bills. we are struggling with paying bills and showing up2 analysts call on women and all nigerians to imbibe savings culture and take advantage of relevant products and programmes to create wealth to prepare for the rainy day. nanfeatures2