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    Abdulsobur Farah Presentation

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    Presentation on personal finance

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    Abdulsobur Farah Presentation

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    Abdulsobur Farah
    5 views8 pages
    Presentation on personal finance

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    © © All Rights Reserved

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    PPTX, PDF, TXT or read online from Scribd

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    Presentation on personal finance

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    5 views8 pages

    Abdulsobur Farah Presentation

    Uploaded by

    Abdulsobur Farah
    Presentation on personal finance

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 8

    Personal Finance: Lessons from "Rich Dad Poor

    Dad" & "The Richest Man in Babylon"

    Presentation by

    Abdulsobur Ayofe Olatunde


    (B.Eng Chemical Engineering (Expected 2025), ABU Zaria)
    CEO, Farah Footwear | Digital Marketer
    2
    Importance of Financial Education
    ★ The single most powerful
    ★ Financial literacy is the asset we all have is our
    foundation of financial mind. If it is trained well, it
    success. can create enormous
    wealth.” – Robert Kiyosaki
    The Mindset Shift 3

    Poor Middle class Rich

    The three diagram above is the cash flow that tell the story of how a person handle their money

    “The rich don’t work for money; they make money work for them.”- Robert Kiyosaki
    4
    The Five Laws of Gold
    ★ Save at least 10% of your earnings.
    ★ Invest wisely to grow your wealth.
    ★ Avoid investments that sound too good to be true.
    ★ Consult with wise men.
    ★ Protect your wealth from loss.

    “Gold cometh gladly and in increasing quantity to any man who will
    put by not less than one-tenth of his earnings to create an estate for
    his future and that of his family.”
    Practical Steps to Financial Independence 5

    1. Education: Continuously educate yourself about money.


    2. Budgeting: Control your expenses to save more.
    3. Investing: Make your money work for you through smart
    investments.
    4. Diversification: Spread your investments to minimize risks.
    5. Consultation: Seek advice from financial experts.
    6
    Overcoming Financial Challenges
    Introduction to Common Financial Challenges:

    ● Debt management
    ● Insufficient savings
    ● Poor financial planning

    Principles from "The Richest Man in Babylon":

    ● Save at least 10% of your income


    ● Invest wisely
    ● Seek advice from knowledgeable individuals

    Illustrative Story:

    ● The story of Rodan, the Spear Maker


    "Many people face financial challenges such as managing debt, insufficient
    savings, and poor financial planning. The principles from 'The Richest Man in
    Babylon' provide timeless solutions to these problems. One compelling story from
    the book is about Rodan, the Spear Maker. Rodan received a large sum of gold as a
    reward for his excellent craftsmanship. Unsure of what to do with his newfound
    wealth, he sought advice from Mathon, a wise and experienced money lender.

    Mathon advised Rodan to invest his gold wisely and to be cautious about lending it
    to others who might not be able to repay. Following this advice, Rodan decided to
    invest his money in profitable ventures, ensuring that his wealth would grow over
    time. This story highlights the importance of seeking knowledgeable advice and
    making prudent financial decisions, principles that can help anyone overcome
    financial challenges and achieve financial stability."
    7
    8
    Conclusion

    ● Take control of your financial future by educating yourself,


    making smart financial choices, and seeking wisdom from
    those who have succeeded.

    Thank you for your attention!

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