In the world of startups, the age-old debate rages on: what’s more important, financial capital or human capital? While funding is essential to get a venture off the ground, it’s the people behind the business that truly determine its success. In this blog post, we’ll explore why human capital trumps financial capital in startups, and…
FBOResources_ Take Your Life Serious Presentation
As humans, it is natural for us to make mistakes. However, like I mentioned in my previous article, some mistakes have debilitating effects and should be avoided at all cost. “The sad thing is many people learn how to manage money after they’ve made a lot of financial mistakes, some that take decades to fix.”…
When it comes to money management, one of my favorite stories is about the prodigal son who took his inheritance from his father (while he was still alive) and squandered it. This story describes what happens on the other side of the quintessential grass-to-grace story we all love—the fall from grace to grass. We rarely…
When it comes to building wealth, having the Wealth Mindset is critical. The Wealth Mindset is an overriding attitude that you have towards your finances. It influences how you make any financial decision. I believe your Wealth Mindset will have a huge impact on your attitude towards – Saving, Debt, Investment etc. The Wealth Mindset sees…
There’s a common misconception that financial literacy is an affair of just the wealthy, but I dare say that having that mindset is a strong indication that you are not in control of your finances. Many people realize too late the importance of taking charge of their finances early in life and by the time…
How time flies… 90secondswithFBO is 2 years already. Seems like just yesterday when I shared and brainstormed the Idea with my team (Tope, Michael, Simi, Tosin and Banke) over Coffee. It’s amazing how fast what started as just an Idea has built a community that inspires people globally. “Ideas are easy, implementation is hard” –…
Have you ever heard of “The Dunning–Kruger effect”? It is a hypothetical cognitive bias stating that people with low ability at a task overestimate their capability. In a nutshell, the Dunning-Kruger effect applies to all of us when it comes to things we aren’t particularly good at. We often teach young leaders to boost their…
Did you know? “Abracadabra!” the single word used by performers for magical displays, originated from the Aramaic meaning – “I will create as I speak.” I personally agree with its meaning because indeed we create as we speak. “Words are singularly the most powerful force available to humanity. We can choose to use this…
“Chains of habit are too light to be felt until they are too heavy to be broken.” – Warren Buffett According to Merriam-Webster’s dictionary, Habit is a settled tendency or usual manner of behaviour. It is also defined as an acquired mode of behaviour that has become nearly or completely involuntary. Everybody has habits. Some…