It is not how much money you make. The question is are you educated enough to keep it - THE BUSINESS PACKAGE


Tuesday, January 11, 2022

It is not how much money you make. The question is are you educated enough to keep it

School of Life .....with 

©️ Waheed Ogunjobi 

Wednesday, 12th, January, 2021.

It is not how much money you make. The question is are you educated enough to keep it

Today's topic is very very essential and it calls for sober reflection. When we say how educated are you  to keep that money,no one is talking about your literacy, numeracy or academic  levels. You can acquire all the qualifications in the  world, HND, BSC, Ph.D and what have you and still be an illiterate, especially when  your knowledge of   financial literacy is next to nothing.

You are making the money. And, so what?How are you spending it. Remember our last lesson, where it was said that money that comes into your hand, will find its way out anyway, anyhow. But, the question is where does the money escaped to ? 

To be candid, if  you do not make the decision to invest that billions, you will soon ask the question like Spencer Johnson asked " Who moved my Chese ?. Of course, yours will be who stole my money ?.No one stole your money, you are the one who allowed the money to be frittered away. 

So, you need financial education to be able to judiciously make use of that money. What then is financial education or financial literacy as it were?.

Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.

Financial literacy is important because it equips someone  with the knowledge and skills  needed to manage money effectively. Without it, our financial decisions and the actions we take—or don't take—lack a solid foundation for success. 
It goes without saying to say that without the requisite financial literacy, that billions means nothing.  Like I said earlier, it is not about how much education that you have, if you are not financially smart, you are not just there..

The main benefit of financial literacy is that it empowers us to make smart financial decisions. It provides the knowledge and skills we need to manage money effectively—budgeting, saving, borrowing, and investing. This means that we're better equipped to reach our financial goals and achieve financial stability.

And,  when we say, are you educated enough to keep it, no one is taking about the save keeping of the money in bank, faults or what have you. What are you doing with that money?. That is the real deal..The main gist is that,even if you put your money in a savings account, you are losing out  compared to investing in the markets.

For good knowledge on financial literacy, the best book that I have ever read and I am sure most people must have read is the rich dad , poor dad series. I will just need to refer you to the financial literacy aspect of the book.  The cash flow quadrant and all that will expose you to the rudiments of financial literacy. 

You may also begin to think of enlisting the service of a financial advisor. A financial advisor will help you to determine where and where not to put your money in order to reap maximally from it. The bottomline  therefore remains, invest that money, whether it is coming in trickles or billions. May God help us. 

Tomorrow is another day.

Waheed Ogunjobi,  a journalist, writer, author and Public Affairs Analyst writes from Abeokuta, the Ogun State Capital and can be reached through, 08035004741 or e mail @

1 comment:

  1. Ibrahim Ibitoye, nice one, the unfortunate thing is that we hardly read. May your ink never dry