A broker and financial wellness educator, Oler Oladele, has unveiled plans to empower entrepreneurs through financial education to keep their finances from going down the drain.
Addressing a press conference, yesterday, Oladele, who is also the chief executive officer of Oleroladele.com, said the move became pertinent following the challenges faced by most entrepreneurs and salary earners in managing their finances.
Citing some research statements that financial education was a better predictor of future wealth than how much one earns, she said it is not just about how much money one makes but how the person manages and multiplies it.
To address the gap, she said the need for financial education training was critical, such as how to plan, save and invest for both retailers and corporates.
“So you get your salary, how do you divide it? If you look at your bank account, you will see that a lot of money has gone out, where did it all go? Most people irrespective of how much they earn, struggle to manage their finances. Most people who win lottery, after five years, they can no longer account for the money. It is not just about how much money you make but how you manage and multiply it,” she said.
Noting that financial education was a real problem, Oladele, who said she left the regular 9am to 5pm career employment as a broker, said she has now evolved into helping people secure their financial future through financial education.
As part of her encouragement, she mentioned awarding three entrepreneurs, also known as the ‘Big 3’ from different fields and educates them separately on finance for three months after which they are handheld until they are financially well.
“This is to give back to the society, three entrepreneurs would be empowered and handheld. There will be a push for people to apply while three entrepreneurs, would be selected and fully equipped for free for three months when it comes to their finances. At the end of the programme, they would set a pace on how there were before and after the programme on clarity of their finances. They will apply while we do the selection process, hand hold them for three months, set them up until they are financially well. The selection is going to be subjective,” she added.
