Marvelous Financial Literacy

THE MONKEY, THE BANANA AND THE MONEY

China's wealthiest man once shared a insightful analogy:

He said, 'Monkeys will always choose bananas over money because they don't grasp the concept that money can buy a multitude of bananas.

Similarly, people often prioritize work over business opportunities because they lack the understanding that entrepreneurship can generate more wealth than a steady paycheck.

One of the primary reasons poverty persists is that people aren't taught to recognize and seize entrepreneurial.

😂 When economy is biting.

UNLOCK THE SECRETS OF SHARES

Did you know that shares are a key way to own a piece of your favorite companies, financial institutions, and banks?

Shares represent ownership in a company, giving you a claim on a portion of its assets and profits.

PRACTICAL EXAMPLE

So, you know how there are lots of companies like Apple and Toyota that make things like iPhones and cars?

Well, when you buy a share, you're basically buying a tiny piece of that company!

Imagine you have a lemonade stand, and your friend wants to help you run it. They give you some money to help you buy more lemons and sugar, and in return, they get a say in how the stand is run and a share of the profits.

That's kind of like what happens when you buy a share in a company. You're giving them money to help them grow, and in return, you get a tiny piece of the company and a share of the profits!

It's like being a part-owner of your favorite company! And if the company does well, your share might even increase in value!

TYPES OF SHARES

1. Common Shares: Give you voting rights and potential for long-term growth.
2. Preferred Shares: Offer fixed dividends and priority over common shares in case of liquidation.

RETURN OR PROFITS YOU CAN GET FROM SHARES

1. Dividends: Receive a portion of the company's profits.
2. Capital Appreciation: Sell your shares at a higher price than you bought them for.

WHERE YOU CAN BUY SHARES

Investing in shares can be a great way to build wealth over time. However, it's important to do your research and consult with a financial advisor before making any investment decisions.

In Nigeria, you can buy shares through the Nigerian Stock Exchange (NSE). Here are some ways to do it:

1. Stockbrokers: Companies like Zenith Securities, Meristem Securities, and FBNQuest Securities can help you buy and sell shares.

2. Online Trading Platforms: InvestNow, Trove, and Risevest

3. Banks: GTBank, Zenith Bank, and Fidelity bank