Road to Wealth Series 3: How to Acquire Clean Wealth and Retain It
On September 24, 2023, ThriVe with Babs, the meeting series discussed various topics such as self-identity, purpose, and strategic positioning for success. Babs Oladele highlighted the relevance of universal principles for wealth accumulation, such as saving, fiscal management, and safe investment practices.
Attendees shared their experiences with implementing the seven principles of wealth accumulation and discussed their reasons for wanting wealth. The group reflects on the difference between wishing for wealth and desiring it, and the importance of taking intelligent action towards achieving it.
Babs Oladele introduced the topic of acquiring and retaining clean wealth, emphasizing the importance of legitimate sources of income. The group engaged in a lively discussion on the challenges of finding sources of clean wealth, with participants sharing their experiences and insights. Babs Oladele led a discussion on the different sources of wealth.
The group also discusses the importance of diversifying one’s investment portfolio to generate more wealth. They mention that money should be put into ideas that will work for you and that the more you diversify your investments, the more wealth you can generate.
Babs Oladele discussed the wealth-building principles of historical figures such as Solomon, John Rockefeller, and George Washington Carver. He emphasized the importance of asking for knowledge and exploring to accumulate wealth and highlighted that power comes from intelligence and information, not just degrees or titles.
During the Q&A section, the discussion highlighted the importance of acquiring additional skills and income streams to break out of the poverty cycle, and the need to think beyond just saving from one’s salary. Babs Oladele led a discussion on the cycle of poverty and its impact on individuals and communities.
Babs Oladele provided advice on investment opportunities in Nigeria. He suggested investing in forex, government bonds, and stocks and shares as ways to benefit from savings. He also recommends investing in food and consumer goods businesses for long-term rewards.
Additionally, he mentioned the possibility of investing in real estate and currency and suggested seeking out experts in those areas for more information. Babs emphasizes the importance of investing money, not just to collect and spend, and encourages attendees to continue learning about wealth building and accumulation.
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