She Leads Africa

Webinar with FBNQUEST ASSET MANAGEMENT: The balancing act – managing debt and building long term wealth (Oct 11)

“Staying out of debt is staying out of danger”. We don’t remember who said this, but its true! Not all of us make six figures today, and even when we try hard to maintain financial discipline, this economy sometimes makes it hard to stay out of debt or even pay what we currently owe. If you want to walk in financial freedom, it’s important for you to have a plan on how to manage your finance effectively and tackle your debts. Most importantly, you need to make sure you’re not uncomfortable around your friends if they have RIRI’s song as their ringtone everytime y’all are hanging out. In our previous financial planning webinar’s, we taught you How to make your first investment and how to Save and slay. Now, it’s time to go in deeper as we teach you how to improve your finances by managing your debts and building long-term wealth for yourself. She Leads Africa, in partnership with FBNQuest Asset Management is inviting you to a 45-minute webinar with skilled wealth advisor and financial planner – Emmanuella Ekhaguere, on Thursday, October 11th, 2018 at 3 PM WAT. Emmanuella will be giving some tips on how to balance your finances, how to manage your debts better and how to build long-term wealth for yourself. [bctt tweet=”Join SLA & @FBNQuest for a webinar on October 11th at 3 pm to learn how to manage your debts, build long-term wealth for yourself and how to balance both! ” via=”no”] Some of the topics we’ll cover: Understanding financial fitness and measures Managing your cash flow, budget and time value of money Top 10 ways to live a debt free life. Webinar details: Date: Thursday, October 11th, 2018 Time: 3PM Lagos // 4PM Joburg // 5PM Nairobi Location: We’ll send you the link to join the session once you sign up! Watch the webinar here: About Emmanuella Emmanuella Ekhaguere is Investment Advisor with at FBNQuest Merchant Bank, a subsidiary of FBN Holdings Plc.  She has over 15 years of Agricultural banking and financial planning experience from various Financial Service Institutions. Emmanuella started her career at Kakawa Discount house Limited as a Client Relationship Officer.  She later moved to Oceanic Bank (now Ecobank Nigeria). In deepening her passion and experience in Wealth and Investment Banking, Emmanuella joined Metro Capital Advisory Group in 2008. She has an MBA from Aston Business School Birmingham, United Kingdom, and is a certified financial Planner (CFP), from Florida State University (FSU) FBNQuest Asset Management is a subsidiary of FBNQuest Merchant Bank, one of the strongest and most dependable financial groups in Africa. They work with individual and institutional investors to provide a strategy best suited to your investment goals and portfolios, from mutual funds to liquidity management etc.  

Oluwatosin Olaseinde: Time is your biggest leverage in investing

I started my 1st job 10 years ago when I turned 21. And I had no savings culture or investment plan. This lingered for the 1st 5 years of my career. I went from zero salaries to over one hundred thousand per month and my expenses surprisingly grew at the same pace.  Interestingly, over the years as I got an increase in salary, the same pattern occurred, I acquired a new taste and my expenses grew at the same pace as my income. Then I realized that in fact, it isn’t how much you earn but instead what you do with what you earn. I had lost 5 years of an opportunity to invest. I had lost 5 years to make my money work for me. A portion that could have been invested had gone unaccounted for. Where do I start from? Let me introduce you to our benchmark – Inflation. So inflation measures sustained the increase in prices of goods and services in an economy over a period of time. In other words, inflation signifies the time value of money. Tracking inflation from an investment angle ensures that what I can buy with N1,000 in 2018, I can still buy it in the future with the N1,000 plus the interest I earn on the N1,000 capital. Whenever you’re investing, look for opportunities that give you a return that is at the minimum equal to the inflation rate. That way, the value of money is preserved. [bctt tweet=”Whenever you’re investing, look for opportunities that give you a return that is at the minimum equal to the inflation rate – @tosinolaseinde ” username=”SheLeadsAfrica”] What are your options? 1. Savings/Fixed Deposit account This asset class offers an average of 5% per annum. While fixed deposit offers an average of 10%. Nigeria’s current inflation rate is higher than this, as a result, the returns on a savings account isn’t a good return for the money you worked hard for as it is not high enough to beat inflation. 2. Treasury Bills/Government Bond The government issues T-bills and Government Bonds when it needs to borrow money via the Central Bank of Nigeria. T–Bill is short-term in nature while Govt bond is long term. The key differentiating factors between T-Bills and Government Bonds are timing of interest payment and interest rate nature. For T-bills, the interest is paid in advance. For instance, if you plan to invest N100,000 in T-bills for a year at an interest rate of 11%. You will pay N89,000 to invest in the T-bill (the interest rate is paid in advance). Then recoup the capital of N100,000 at the end of the term. On the other hand, Government bond interest is paid quarterly, the interest rate is not fixed like that of Treasury bill, it is floating. Always compare the rates on T-bills and Bonds to the inflation rate. [bctt tweet=”Before you invest, compare the rates on Treasury bills and Bonds to the inflation rate – @tosinolaseinde” username=”SheLeadsAfrica”] 3. Mutual Fund This is an investment vehicle made up of a pool of money collected from several investors for investing in securities such as T-bills, Bonds, equities, commercial papers or even real estate. There are several types such as  – Money market fund. Your capital is relatively safe due to the nature of the instruments it invests in. (T-bills, Government bonds, and commercial papers). You can start an investment with as little as N5,000. The investor can also compound by contributing regularly to an existing mutual fund account and re-investing the interest accrued. 4. Equity The value of a company after all liabilities have been deducted. A share a is a smaller unit of a company which measures the financial performance over time and provides an opportunity for investors to buy into it. As an asset class, a share offers value in two ways: Capital Appreciation:  This is a growth in the value of the shares. E.g if you buy UBA’s share at N4 and after 2 years, it is worth N8. Dividend Payment:  This is the profit distribution to shareholders. It is declared on an annual basis per unit of shares. 5. Real Estate This is the investment in properties. The properties range from virgin lands, commercial buildings to residential buildings etc. Real Estate generates return via capital appreciation, due to increase in the value of the property, and through rental income. In a country like Nigeria, a bulk of real estate growth comes from the appreciation of the property. Real estate return depends on the type of real estate asset. Location and purpose of property plays a critical role in value addition 6. Personal Development  This is my favorite class of investment. You are your greatest investment. Unlike of all the other options, you are immune to inflation rates, currency devaluation or value erosion. Take that course to take you to the next level, take up new challenges, prepare for new opportunities, read those books. Ensure you are deliberate about improving yourself. It is one to know all the investment options available, it is another to take the right step. Time is a great currency here and the earlier you start the better. It is much easier to start now than trying to play catch up 10 years to retirement. You owe it to yourself to pay yourself first which means investing now.  Oluwatosin Olaseinde is a chartered accountant with 10 years of experience in accounting, corporate finance, auditing, and taxation. She has worked with several multinationals – Bloomberg TV, CNBC Africa, BAT She currently runs Money Africa, a personal finance platform that teaches people to build healthy financial habits, cut down on unnecessary expenses and generate multiple income streams.

Webinar with FBNQUEST ASSET MANAGEMENT: How to Save and Slay (Aug 3)

How exactly do you indulge in sipping champagne on a beer budget? You gon’ learn today! First, we’ve taught you How to make your first investment, now its time to learn how to save and SLAY simultaneously. Saving money may sound like one of the hardest things to do when it comes to your finances especially if your income isn’t breaking the bank. But hey, you only need as much as you have right now to save! If you’re wondering how to save money without your slay mode depreciating, then this webinar is for you. SLA in partnership with  FBNQuest Asset Management is inviting you to a 45-minute webinar with skilled wealth advisor and financial planner – Emmanuella Ekhaguere, on Friday, August 3rd, 2018. Emmanuella will be giving some tips on how you can to start planning and investing for your future with your current income. [bctt tweet=”Join SLA & @FBNQuest for a webinar on August 3rd to learn how to save and slay.” username=”SheLeadsAfrica”] Some of the topics we’ll cover: Understanding the psychology of money Living your best life through personal finance management Saving hacks for motherland moguls – daily, monthly and long-term Getting S.M.A.R.T about goal settings and how to achieve them Watch Video here: About Emmanuella Emmanuella Ekhaguere is Investment Advisor with at FBNQuest Merchant Bank, a subsidiary of FBN Holdings Plc.  She has over 15 years of Agricultural banking and financial planning experience from various Financial Service Institutions. Emmanuella started her career at Kakawa Discount house Limited as a Client Relationship Officer.  She later moved to Oceanic Bank (now Ecobank Nigeria). In deepening her passion and experience in Wealth and Investment Banking, Emmanuella joined Metro Capital Advisory Group in 2008. She has an MBA from Aston Business School Birmingham, United Kingdom, and is a certified financial Planner (CFP), from Florida State University (FSU) FBNQuest Asset Management is a subsidiary of FBNQuest Merchant Bank, one of the strongest and most dependable financial groups in Africa.   They work with individual and institutional investors to provide a strategy best suited to your investment goals and portfolios, from mutual funds to liquidity management etc.