ABENA BRIGIDI
CEO, NIMED CAPITAL
Investment is when you put anything into a process and you are looking at a return higher than what you put in. So you can invest in time, in education, a car, etc., but for the purpose of this session, I would say that investment is when you use cash to buy an asset from which you are expecting some form of income, dividend, or profit.
Wealth is a state of abundance. There are several schools of thought on what wealth is. I believe that wealth is when you have met all your liabilities and you have excess or surplus. My mandate is to provide the vehicle that would take you from investment to abundance. I believe that there is one key factor that you cannot rule out of investment: that is income. You must have a constant source of income; be it revenue from your business an entrepreneur, salary as a worker, or money received as a gift. You need cash to initiate what the investment offers.
After establishing the constant income, the next thing you need is an objective. When you have a process without an objective, you are not going anywhere. If I have money coming, the objective would be to become a billionaire; to be able to get to a point where I am able to meet my liabilities against my expenditure. If these two are established, the next thing you would need is a plan.
How do I get to the place which I have set as my objective? I will now provide information on the forms of investment you can find in our local market. You can have the ownership investment. With this kind of investment, you own the process. For instance, when you are an entrepreneur, you will invest in an idea you have.
When you do this, you own the process. So you can decide to invest in real estate, stocks, or shares and you would own it. The idea of investment is to be able to get financial freedom to get to a state where money does not become a problem because your liabilities meet your expenditure and you have a surplus after that. Even if your income is passive or one that comes constantly, you should be able to spend some and have some to invest.