SET BACKS SHOULD NOT STOP US TO DREAM BIG

 Life is tough. Amidst the toughness of life there are those extraordinary individuals who have used their setbacks as stepping stones to wealth creation. Professor Mohammad Yunus used personal resources to start a microfinance project to help the rural poor in Bangladesh. Today Grameen Bank which has humble beginnings is one of the largest microfinance banks in the world. Oprah Winfrey who is one of the wealthiest black American women did not start off wealthy. All she had was a dream that she would become wealthy.

I have been in the financial literacy training space for the last 5 years. I have been inspired by countless youths who are resilient in their financial journey. In particular there is one youth who attended a financial literacy training that was organised by Equity Bank. The youth has been able to employ other youths in his village. 

The message to today's youths who form the bulk of the population is that they should never allow temporary setbacks to determine their fate. Human potential can never be determined by temporary setbacks. Dr.Washington Carver was an American slave who studied during some of the hardest times. However he was credited for changing the agricultural industry in America. What about the story of Equity Bank which started as a small building society in Kenya and today it is one the largest financial conglomerates in Africa.

The youths should be encouraged to dream big instead of waiting for external hands that are unstable and unsustainable.

HOW TO WIDEN THE FINANCIAL BASE

1.Think long term\

2.Set clear financial goals

3.Save As You Earn

4.Create an emergency fund

5.Research before you invest

6. Open an account in a regulated financial institution

7.Learn from financial mistakes

8.Associate with successful people.


Life is tough. We all react to setbacks differently. The key thing is to appreciate that we can overcome bad financial habits and achieve our financial dreams as shown above.


For individual and corporate financial literacy training contact:

Phillip Kiryowa

Global Personal Finance Coach

Advanced Empowerment Link 

+256752615916 

For Financial Freedom and Sustainable Enterprises.

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