By Seleoe Nonyane
Tokiso Nthebe, who is well known for his financial skills, will host a youth wealth building brunch, the first of its kind in the country on April 2.
The event is intended to teach people about investment principles and provide them with knowledge on guidelines one can follow in order to achieve wealth.
It is at this event where attendees will know that attaining wealth is a possibility only when there is a clear plan that can enable one to acquire wealth.
“We all want to be wealthy and want to leave wealth for our dependents in case one passes on. Therefore, it is important to note that wealth building does not happen overnight like some people tend to think,” Nthebe warned.
Those invited are speakers who will share their experiences and knowledge in finances.
The first speaker is a business development consultant at STANLIB. She deals with clients and teaches them about investments and sell investment products to them. She is knowledgeable on what people can do to grow and start participating in investments programmes.
The second speaker has experience in banking and works as a wealth manager. Therefore, Nthebe believes her experience and expertise will come a long way in making the event success.
Nthebe said that he intends to hold the event annually and make it grow beyond what it is at the moment.
“It needs to be an event that will one day live on even when I am no more around.
Speaking on what inspired the event, Nthebe said it all began after he found himself in serious debt despite being a finance graduate from the University of Pretoria where he completed his Masters in Finance.
After acquiring a job at one of the commercial banks in the country, he made costly financial decisions which resulted in high levels of debt as he had no savings at the time. He then hit rock bottom.
It was at that moment he decided that enough was enough and dumped his biggest financial mistakes during his 20’s in a blog post.
He later founded TK Consultancy mandated to create awareness programmes that help young people have a better relationship with their money.
In 2019 he was at the United States of America (US), as a participant in the US Mandela Washington Fellowship Programme. It is at this time when he thought of how could use social media in order to engage in conversations about money.
Thereafter, he was inspired to launch “the faith challenge” where people interested in joining the challenge would post about what their financial goals are and all participants in the challenge would hold themselves accountable.
After a year, all participants would look back to see if all their financial goals have been achieved or not.
This challenge went on for a period of two years. Upon realising that people were actually achieving their goals, he thought on how they could then move from savings to investment hence he established the youth wealth building brunch.
“Now we must focus on how to grow our money from savings and investment”, he said.
He noted that there are other aspects such as financial planning which needs to be taken into high consideration. He added that financial planning has a number of building blocks towards. Planning for wealth and investment is one of the components.
Moreover, he said that before investing, one needs to think of aspects such as budget.
This will not be his first event. In 2017 he hosted a financial seminar organised a couple of master classes focusing on tax in collaboration with Lesotho Revenue Authority (LRA).
However, this is the first building brunch which will specifically focus on wealth.
Nthebe is also a content creator where he shares amazing content on money, travel and lifestyle.
He is a philanthropist who loves his country while being passionate about youth development.
