If there’s anything that you would pick out of our conversation with Mr Idowu, it would be to “cut your cloth according to your size”.
By way of introduction, Mr Idowu is a self-taught vulcanizer who is big on ensuring that he lives within his means. He was motivated by the fact that no one from his family learnt any trade and decided to take up the challenge.
Furthermore, his financial priorities currently are his children and his ongoing construction project which his job as a vulcanizer has helped him fund.
It only took a few minutes in this episode to realize that Mr Idowu is passionate about giving his children the best he can afford, and that influenced his answer to the one-million naira question.
As one who works on cars daily, you would expect that Mr Idowu is a fan of flashy cars and would at least have a dream car, but that may not have been the case in this episode.
In addition, his response to, “What’s your dream car?” still found us circling back to his central theory of cutting your cloth according to your size.
During this introspective conversation, he answered the two golden questions:
- What does money mean to you?
- If you received 1 million naira right now, what would you do with it?
We also asked him a few other questions to get to know his daily routine and what his life is like.
He has built his business to a point where he can afford to not work on Sundays so he can have family time. That looked like growth to me.
Streetwise episode 3 is one you should watch – especially if you’re a fan of raw unfiltered human stories. Tap on the video below and get to watching!
Streetwise Episode 3
In case you’re curious, find out why we decided to do Streetwise here.
Have you watched this episode yet? What stood out most for you? Let me know in the comments.
Ohh, and what did your friends think when you shared it with them or when they saw Streetwise Episode 3 on your Whatsapp status? ?
Or you haven’t shared it yet? Let’s fix that now, shall we?
How can I collect my money back once is mature
You sell the units.
Hw can I get my money back…. When I have emergency cases….. cause am in need of it now??
How can I collect my money back once is mature.on mutual benefit
there is a sell option …or am I wrong?
Yes, there is
What a great teaching today Mr. Ope. Thank you sir. Please, i plead for more of these teachings
Well explained, well understood
Thanks for teaching Mr ope
Good and straight to the point.
Teaching is in-born in you; keep it up.
How can I turn my daily savings to investment for Mutual funds
Once they mature, you can transfer them to mutual funds.
I always love your teaching… Can’t wait for another ???
Very much thanks for this update. But please put me to light in a situation you are to contribute a fixed amount to run for let’s say three years and along the line one is not able to make it to the end due to unforseen circumstances after a period of say five months. What will happen to his contribution?
It will keep earning.
What about me that I invest with #1000,and I cash back with dat 1000,which kind of invest is that
This is insightful and i like the pizza explanation thingy. Is mutual fund risk free or there is any chance of default?
Thanks for your kind words. There varying risk levels for mutual funds. On Cowrywise, we have hem categorized from low-risk to high-risk. To find your best fit, we’ll take you through a short risk assessment.
Well understood…cheers?
That’s great to know.
clementogbewe@gmail.com
What is the parcentage interest rate of all the mutual funds?
Lol! May be free investment ,???
Ope ?
Thank you very much for the explanation. It breaks the whole concept down to perfectly understandable bits.
Now, my question is this – high risk mutual fund investments, where the YTD earning is something negative (as sometimes seen on the CowryWise platform), how do people actually make money from those?
I am always happy and expectant to get a mail from you, Ope, because I know I am about to learn something new.
Thank you for teaching with the whole illustration, I understood mutual funds better.
PLEASE I WOULD LIKE YOU TO EXPLAIN CALL UPTION AND HOLD UP TION
How do you know the maturation period
Hi Henry.
Only savings plans on Cowrywise have maturity dates.
You can purchase and sell your investments on Cowrywise at any time.
However, we always advise you to stick to a long-term investment strategy.
Thank you vary much ope for your explanations.
My question is can one deposit dollar In cowrywise stash??????????.??..
Nice of u cowrywises keep it up.
I believe cowrywise is gonna make this country different.
Why did they stop automatic debit oooooooo