Presentation by Sola Adesakin

1. Financial Literacy:
The Missing Piece For
Wealth Creation
SOLA ADESAKIN FCA FCCA CPA MBA

2. A lot of people go into adulthood without knowledge
of financial management.

3. Normal Education isn’t synonymous with
financial literacy.

4. Financial literacy is not taught
because it is not seen as an important
skill set to have.

5. 2011: Financially excluded people in
Nigeria: 46.3%
2018: 36.8%
2021: 80% penetration
(MAYA Declaration By The Central Bank of Nigeria- 2011)
Financial Industry Regulatory
Authority in The US: 63% of
Americans Are Financially illiterate

6. The lack of financial literacy can lead
living miserably, succumbing to
financial pressures and making poor
financial decisions.

7. Problems caused by lack of financial literacy

8. Going Forward…

9. THE 3 MS OF MONEY
• Make
• Manage
• Multiply

10. What Financial Literacy entails
• Mindset/
Behaviour shift
• Knowledge
• Skill Set

11. 1. HAVE THE RIGHT MINDSET

12. MINDSET:
What are your beliefs about money?
• I am not gifted enough to make much money
• Only a few people can truly be rich
• I’m not good with money or figures
• Money is not easy to come by.
• More money would make me happier.
• My background is a limiting factor
• I am not capable of making more money
• I am not cut out for business
• It takes money to make money.
• The rich get richer and the poor get poorer.
• Money is the root of all evil.

13. 2. Financial Literacy : KNOWLEDGE

14. 3. Get The Right Skill-Set

15. CREST Acronymn
• C: Collaborative Skills
• R: Risk Mgt Skills
• E: Earning and Expense
Management Skills
• S: Saving and Investing
Skills
• T: Technology Skills

16. Tip 1: Get familiar With Your Figures a.k.a. Budgeting

17. • CASHFLOW QUADRANT BY ROBERT KIYOSAKI
Tip 2: Make More Money a.k.a. Multiple Streams

18. Tip 1: Understand The Power of Compounding…

19. The Most Important Factor
Credit: CityofDeleon

20. www. smartstewards.com
Adesola@smartstewards.com
@Sola_Adesakin
Sola Adesakin