YOUTH & FINANCE POST EVENT REPORT
Fimanekeni Mbodo Founder and CEO of Foster Digital Education Generating Real Returns by Investing in Yourself Foster Digital Education is a fully-owned Namibian company that focuses on online education, media, and communication. Their education division is primarily focused on the financial education space, creating financial literacy materials for the Namibian market. In his presentation, Mr. Mbodo introduced the audience to the three Cs that they can use to improve both their financial and overall well-being. The 3 Cs are: Circumstance – It is important to understand your circumstances as a person and understand that no one is coming to save you from all your hardships. Everything is in your hands and only you can save ‘You’! Conviction – Building convections begins with understanding yourself and your values. This is important because it helps you to stay focused and motivated, even when faced with obstacles or setbacks. Conviction is saying this is the minimum that I must do to accomplish my goals! Compounding – This is the action of investing and reinvesting your resources into something continuously to generate future returns. Resources can be more than just money, it also entails time, intellect, and energy. No one has more time than a young person, find and decide on what you want to achieve and be selfish about your resources. The benefits of compounding for youth comprise: Allows you to start small. Teaches patience and perseverance. Helps you avoid burnout. Creates positive habits. Supports continuous learning and allows you to celebrate small wins. The important lesson is as a youth, you can apply the principle of compounding in all areas of your life whether in personal finance, education, health, professional development, and relationships!
no one is coming to save you from all your hardships. Everything is in your hands and only you can save ‘You’!
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