Segment: Rule of 72 - I Doubled My Corporate Salary and Invested $2 Million in Ghana Farming

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Recorded02 May 2026

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Show notes

From understanding that danger and opportunity are the same word in Japanese to learning why the brutal truth about entrepreneurship in Ghana is that you can have all the knowledge about risk management from working in top corporate jobs in Japan and South Africa managing billions in assets but nobody will listen to you when you say this is how you should consider risk because you need to let your life shine and people will see what is actually happening to you proving that actions speak louder than credentials, the former head of research and senior portfolio manager at Mazi asset management in South Africa who moved to Ghana in 2021 after working many years in corporate making very very good money because his aim was capital accumulation knowing he wanted to set up something back home but needed the financial foundation first, the investment expert who breaks down the rule of 72 explaining that if the interest rate is 24% you divide 72 by 24 to get 3 which means your money will double in three years if you invest in an asset giving you 24% per annum and reinvest the interest proving that when Ghana treasury bill rates were about 30% people could have doubled their money if they knew this but for lack of knowledge my people perish, the financial literacy advocate who reveals the mistake people make in Ghana is putting all their money in the bank thinking they have 2 million in savings when actually that deposit is a liability for the bank which uses your money to invest in Ghana government funds getting 25% to 30% return while the spread is so high they pay their workers and get their fault checks and you get peanuts from interest while they are living on your savings, the reality that banks bring pretty ladies when they want you to borrow money to buy your house because they understand the rule of 72 and know your debt will double after a season but when it's time for collection they bring much more men to collect their money and if you're not able to pay they take away your house and you are in trouble, the wisdom that if you go to his village in Bocancere people don't understand finance proving that financial education should be paramount in our country and everything is confined to Accra but we need to be more practical with the teaching of economics and finance, the careful expert who has rules and has to be careful whatever he says because it's not like he's recommending for anybody to go and buy this or that so privately he can talk to his friends saying this looks interesting you can do this but in a forum like this if you say this company is good somebody will go and buy then lose money and he's going to be in trouble like a false prophecy, the portfolio manager who admits you don't get it right all the time and just wants to be right maybe 51% or 52% of the time and his client will make money because if he buys Sony and Panasonic in consumer electronics but forgets about Samsung and Samsung goes high while Sony stays there he loses relatively and the client is going to be upset asking why didn't you buy Samsung why did you stay with Sony, the entrepreneur whose balance sheet now is about 12 million Ghana cedis but if he actually looks at the money invested it's about two million plus dollars because he worked for very good companies was paid very well and saved a lot of money so when he was coming back to Ghana his plan was ready with his business plan ready knowing what he was going to do with projected returns everything on his computer. Host: Derrick Abaitey

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