Answers & Solutions

A Financial Savings / A Business Plan For Students

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The Lord suggested that, students (let’s say 4 students), while they are still in school, could come together and with portions of monies given to them by their parents, save and invest towards their future, even before completing school.

How can they do this? He had stated that these four (4), or perhaps, about 6 friends could come together, register and open up an account with a bank, in their names. This will mean that, all 4 or 6 friends will become signatories to a group account (one account).

Every week, each will contribute or bring (let’s say, $10), or depending on how much they will agree upon, which all of these four or more friends can afford to pay or contribute.

So then, every week, they’re to deposit their total contributions into one group account.

There are about 13-15 weeks in a semester or a term of an average school. Moreover, there are 3 terms or semesters for each academic level or year group. This means that, their side-group contributions may have a long way to go. So, while they’re in school, they could then be making money on the side.

Upon this note, agreement could be made by them that at the end of each week, each term, or each year, that the monies should be withdrawn and shared among themselves.

Imagine these contributions could be done by faithful members who’re diligent to contribute their quota to their mutual funds, to support their future?

From here, according to the Lord, each one (friend) should use his share to start a business on the side, while still in school; or together, these 4 or 6 friends, could start up a joint business venture on the side.

It’s possible that during each term, a new business could be started by each one with portions of his share, or will they come together to raise new joint businesses, with the total contributions.

Should they do this, they will come out of school being independent, and will overcome their chances of becoming unemployed or job-less, because of the investments they’ve done for themselves, to set up their own establishments, which could be many.

This will rather make them to become ‘‘bosses,’’ even while in school. They would have become like any private business man or woman, whom they would have gone to work for after school. The idea from God is to reduce their chances of not getting jobs to do, which is a problem faced by many graduates in our current world-economy, today.

In short, they’re building their future before it starts; they had created their own jobs (profiting business(es)) while in school, for not willing to join the unemployed graduate associations which exists around.

When they start their businesses, they should think of employing people outside school to look after their businesses for them, while they concentrate on their books.

In short, there’s a lot our parents do give to us which often, we’re not aware that in the prime time, we can make good use of such resources. Even though at the moment, going to school is what may matter to you, but what we do after school should equally matter and it should be planned in advance by us, since job finding, is becoming a hard nut to crack, by almost all existing graduates. There are so many unemployed graduate associations in the global economy, which shouldn’t be in existence, should they take care of things in this way, even before coming out of school.

So then, while in the school, their monies could have been making more money for them, and even at a point, graduates could be working for them. Should they contribute bigger towards this business goal, there is nothing they can do, even as students.


Next Level From Here:

Secondly, do you know that with such group contributions which are often done weekly, there are certain banks who’ll be willing to give this group a loan?

Your savings may be quite big or small per each week, but your consistency, may cause banks to give loans, as they always see some monies being deposited into that group account.  (This is often one criterion banks ask for when giving out loans to groups and to individuals).

Besides all that, the evidences of 4 or more established businesses by you, could cause the banks to grant you ‘‘business development loans,’’ apart from the other option. They see your businesses and they see your consistency with savings, and so they know you have the ability to pay! Most banks will respond well to loan requests, if you save consistently with them.

What then?

Moreover, at this level, with your loan facility, you can acquire bigger machinery and properties for business expansions. Apart from expanding that business, it could be a good capital to start another business. Investing into many businesses, could limit your chances of financial loss, than investing all monies into one business. However, opening too many businesses can drain you and put a lot of stress on you.

As market for your products, you have a huge student population to begin with, if your products or service can be loved by students. This huge market, can make things work for your group.

Well, there is a third option for this loan; this group could consider to use this loan facility to acquire for themselves a property, such as a land. (Something that is just portable).

For example, one plot of land could be shared amongst four friends, with each having a quarter plot to himself or herself. A quarter-plot, is about 500-1500$ in Ghana, depending on the location.

(There’s a lot each one of you can do with a quarter plot, to himself or to herself).

This means, while in school, you guys have not just started a business or businesses, but probably, have acquired a land to himself or to herself, as well.

As students, a land and a sole-proprietor or a joint business, is a good way to start, at this stage or your lives.

You may be wondering?

How do we pay the loan?

This loan repayment will be divided among the four friends, who also have several businesses ongoing, as well as weekly contributions, from monies given by parents. So, with the returns or proceeds from your business(es), in addition to the tradition of weekly contributions, you can pay off that loan, just as any business enterprise does.

Well, this means that, the four of you are going to come out of school,

(A) Owning your business(es), and being the very bosses of your own businesses. You wouldn’t need to struggle to look for a job, any longer.

(B) You will also become land owners, if you should consider the third option of using your monies to acquire some pieces of land for the future.

However, you know all this starts from weekly or monthly contributions, which are done by your group.


Obtaining Other Leverages:

However, is there more you can get from this?

Certainly, should you work very hard, guys!

You also have potency to work out a very nice building on your land, before graduating!


Should you dim it right as a thing to do, then after paying for your first loan, you will go for a second loan in your group name, to start building on the shared property, in which you can use the acquired land as a collateral.

Well, do you know that with less than 2500$ dollars, you can build your first home?

Follow this link to show you how. 

However, the moment you build that first house with this new loan acquisition, in order to get money to repay off the loan, you’re not live in it, but to rent it out.  After all, you guys are still in school, in a hostel accommodation. However, with this one, the proceeds from the business should not be used in repaying the loan.

As renting a house or an apartment is a new business, proceeds from this home-rental services, should be used directly by you (the group), to clear off the loan.

Thus, if you guys start the project early in your academic year (possibly, early in your first year), there are lots of things you guys can come out to own, which so many graduates do not have. If all four of you are faithful, you should be able to come up with these accomplishments. To be honest, you’ll become independent right after school, not having to search for a job, nor beg for food, nor rent a place.

What remains, is for you guys to graduate well, with an excellence of carrying your husband or your wife into your own home, with the advantage of building or growing your own businesses.  

(Well, I say, you wouldn’t rent because, your tenants would have vacated your house, before graduating, should all these projects start very early, by the four of you).

This is the idea that God shared with me, that it’s possible to become both a home and a multiple business owner, before graduating from school.

Moreover, (even though this is not compulsory), it is highly possible to make the fields of your business enterprises be in line with the same courses you’re all studying in school.

In this case, practical experiences gained from these businesses, could make you pass your mastered or chattered courses very easily.

(An experienced person, is good at his or her course better than a man who reads). While undertaking theoretical and practical classes, you’ve actually mastered yourself well enough to see the growth of your business, and more than ready to face the competitive markets. In all, businesses, a land or home property, financial independence and good grades, enough time saving, are some of the immense benefits, which come from this practice. With respect to time and energy savings, when people are looking for a job to start life by the end of years in school, you’re first, a land or home owner, and as well, making enough by your own businesses.

You may be well ahead in life than many of your contemporaries, who graduated with you. Your issue may even be better off than many who’d graduated centuries ago, as they didn’t follow this development plan, but had to wait till they finish school.

Lastly, ‘these achievements’ chalked by you as a graduate, are some of the foundations required by western educational systems to study with them abroad, should that be your headache. Take the opportunity now, while in school.

This opportunity may be one chance.

 (Remember that, for some unknown reasons, our parents feel obligated to give us more money while we are in school, but the moment we graduate, they feel quite reluctant. However, as a graduate, should you continue to get financial supports from your parents, you should consider to do so with some cherished friends of yours. This means that, apart from students, faithful workers within an established company, could equally do so with this mutual life development plan).


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