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Don't Be Foolish, Like Manasseh And Malik

Don’t Be Foolish, Like Manasseh And Malik

Manasseh Azure Awuni is a freelance journalist, who is known for his controversial investigative and anti-corruption reports that have caused a national uproar and also land some government officials in prison.

He took to his Facebook page to share how he and his friend Malik, were not smart and reasonable enough to have started investing earlier than before. Continued by advising the youth on the importance and benefits of investments.

The post read:

“Dear friend, lend me your brain, for I have a short story to tell you today.

Many years ago–when the youth of our country were still naive enough to pay money to listen to life coaches; when it hadn’t become fashionable to lump all motivational speakers together and subject them to ridicule on social media–I attended an investment seminar in Accra.

I was a student of the Ghana Institute of Journalism (GIJ), and my recollection of the event appears hazier than the memories of the well-coached I-can’t-recall-ministerial nominees who appeared before the Appointments Committee of Ghana’s parliament in 2021.

But I remember Comfort Ocran was one of the panellists. I also remember Rev. Ogbarmey Tetteh as a panellist, and I even bought a copy of his book, “31 Days to Financial Independence”.

The investment sermon they preached that day touched my heart so much that I decided to take it seriously. I became the SRC President and served as a member of the Governing Council of GIJ. I was entitled to a quarterly allowance paid to members of the Council.

When I received my allowance one quarter, I opened an account with Databank and invested everything. The amount was (or very close to) 500 cedis. This was in 2009. After investing what was a huge lump sum to me at the time, I did not add anything to the investment. I forgot about it.

Then, seven or eight years later, I Iearned that my friend Albert Kusi was working at Databank, so I called to tell him that I had some investment there but it had been so long and I had forgotten my account details. He promised to help me retrieve the details after asking a few questions.

When he got back to me, he said my balance was a little over 1,300 cedis.

When I realised how much I had gained on the investment, I regretted I hadn’t continued to invest after the initial deposit. When I was lamenting how foolish I had been, Malik Daabu also told his version of a similar story, a tale of regret. He said he had also been foolish in that regard.

(Of course, I didn’t doubt him. Nathan Gadugah knows I knew he didn’t have to remind me who he was on the subject was foolishness).

I considered myself as having acted foolishly because if I had continued to invest, I would have been “rich” after eight years. And I had always had the opportunity to invest.

I have never been jobless since leaving school, and even my national service allowance at the Chiropractic and Wellness Centres was 560 cedis while my colleagues were receiving about 200 cedis a month. When I started working, I was in a position to invest every month.

What I lacked was the discipline to do so. I was not ignorant. Like Malik, I was just foolish. (I don’t know if he’s wiser now, but I am).

You may not be foolish at this point. But you could be foolish after reading this post and continuing to live like the proverbial grasshopper as if there’s no tomorrow.

The financial pressures in these hard times are real. And the addictive peer pressure isn’t any better.

In our world of social media where marriages, businesses, beauty and everything appear better than they really are, the temptation to outcompete one another in the classiness of birthday or wedding photos is maddening.

But be wise.

If you are to have some semblance of cushioning when you don’t lose a job and wonder where your next meal would come from, make it a point to invest. The consistency is as, if not more important than, the quantum.

And investing wisely is as important as the decision to invest itself. A story is told of a man who invested in DKM and when it collapsed, his world came tumbling down.

He was saved when the government intervened and paid DKM customers. When he received his money, Menzgold was very lucrative so he went to dump everything there.

And it appears, not even God can save him from his incurable greed this time.”