Financial Education

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He is an astute business man with branches in different regions of the country with a modest lifestyle and a small family. He has a wife who happens to be a banker and two children (female and male). He is rearly seen but heard.

Very early in his childhood days, he had fallen in love with business and had to face business and trading squarely after completing his high school education. As a trader, he has laid his hands on many businesses which has also given him good returns. And now he chairs a company and sits on the board of three other ones.

In the formative years of his business empire he had an opportunity to be granted a bank facility at a certain interest rate and smartly he approached a more educated and financially literate fellow for advise on the facility. After been duelly advised and convinced that he make good use of the facility and also meet up with the repayment plan, he opted for it.

That facility propelled his business to a new height. After the repayment of the bank facility he collected, he proceeded to buying a property for the purpose of building a factory and then moving away from a leased property to a permanent site. This he did by first acquiring a choice property and began to channel some percentage of his annual profit to the development of the factory project.

Since he never defaulted with the first bank facility he got, the bank was more open to him and always approach him to come get another facility. Judging the offer with his earlier knowledge of it at the same rate or similar rate, he opted for it and liquidated the facility just as he did earlier. This facilities were putting him in a vantage position where he could increase stock and expand his business.

Then came the suppliers. They were ready to give him products worth more than his financial capacity and deposit but always to pay up at an agreed date. This he gladly embraised and kept to the terms of the agreement. Till date, this process continues with his suppliers and his first factory project was completed in no time.

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He has been repeating the process that has gotten him this far in business and had to employ more educated fellow than he his as members of staff for the smooth running of his business empire.

Now in his early 50's he has diversify his business lines, employed more fellows and only oversee these companies. He and his team of managers sit to always formulate policies, direct and coordinate these companies.

He still doesn't look like a millionaire that he is, hungry and always want to be more. A traffic officer mistook him and addressed him as a company driver not too long ago. He never objected to it but patiently listened and did all that the officer required of him.

His name is John! An high school graduate, chairman of a company, director of two others. A real estate investor, an employer of labour, a husband and father.



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