Use the mind to create businesses – Investment expert

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Paul Kofi Mante, Deputy Head of EDC Investments Limited

Wealth is not generated by depending on a white-collar job but by using the mind to create businesses, says Paul Kofi Mante, Deputy Head of EDC Investments Limited (EIL).

White-collar job is professional, managerial, or administrative work. In other words, white-collar work is performed in an office, cubicle, or other administrative setting.

He said for a person to create enough wealth, there was the need to recognise that money making was created through a number of channels of blessings and decried the notion that those working in the offices had more riches.

According to a GNA report, Mr. Mante was speaking at the sixth edition of the National Young Investors Summit over the weekend in Accra,

The summit was put together by the Young Investor Network (YIN) and sponsored by Gold Coast Security, Enterprise Life and Institute of Chartered Accountants, Ghana (ICAG) on the theme: “Building Financial Management Skills in Young People.”

Mr. Mante told the more than 300 young investors drawn from some tertiary institutions and senior high schools in Accra to “take a decision to be rich”, if they really wanted to be rich and also watch their spending habits.

He challenged the participants at the summit to partake in a project he called “Operation One Million”, which showed them how to save GH₵ 5.00 monthly or daily.

Mr. Michael Boadi, a Digital Marketing Administrator at the Capital Bank, speaking on the topic: “Climbing the Financial Ladder in Finance,” said there was the need for young people to build positive attitude to work in order to succeed in every field of life.

Mr. Boadi said young people should be innovative in thinking to find solutions to problem if they were ready to climb higher, the financial ladder in life.

He added that as young investors, there was the need to exceed expectations saying that “let’s not be too comfortable but rather take advantage of opportunities and run with them”.

Also speaking at the summit was Mrs. Juliet Amoah, an Independent Management Consultant, told young investors to change their thinking pattern in order to successfully climb the financial ladder to the top.

“You need to change your DNA from being just a Ghanaian to a globalised personality,” she said.

She told participants there was the need to possess some core values in life and also “you need to delay your gratifications at some points in life”.

Mr. Alex Baah Inkoom, the Human Resources Business Partner at the Enterprise Life took participants through the tenets of writing a Curriculum Vitae (CV) and told them to be honest with the content.

Mr. Inkoom also said “you can have multiple careers” and that every CV was different from the other in applying for a job.

 

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