Thread by @mentorshipzim

1. The persistent racial wealth gap is a burden on black folks as well as our motherland, Africa. We are all engaged in various pursuits - shaping our world and hoping to leave it in a better shape for future generations.

https://twitter.com/mentorshipzim/status/1359144435473342465

2. @mentorshipzim platform has facilitated extensive sharing of talent and experiences to encourage each other, better ourselves and for motivation: or for career maximization which in turn maximizes our potential to achieve our career potentials and to earn more. #buildeachother

3. Of late, I have picked up on great insights shared by the likes of @FinLitBae @runyamhere, and many others out there, including entrepreneurs in the digital space. Number one is a 'mindset' change - the idea that nothing in life is worthwhile unless you take risks.

4. Mindset: Nelson Mandela put it this way: There is no passion to be found playing small and settling for a life that's less than the one you're capable of living. So one of my trades these days is stocks trading as part of my journey towards financial freedom.

5. I wanted to take this opportunity to share some of the strategies to employ as you pursue your career: I've extensively covered my civil engineering journey in detail today. It's been mostly about career maximisation and that's important: pick a profession, pursue it and

6. maximise our potential as we progress through our careers. That's just one toolset in our armory. The journey towards financial freedom needs much more than that. I will now outline the five common toolsets we must aim to deploy towards financial freedom – I learnt this late

7. in my life – bring together our mindset, skillset, and toolset:

a) Stocks trading: I have picked up on stocks trading as a way to make my money work for me (provided I put it in the right place to begin with). Money works 24-hrs a day non-stop, I can only do 8-hrs in a day

8. so money has a lot more capacity to do more work for me.

b) Explore career maximisation to maximise your earnings so you have a bit of spare funds to invest.

c) Property investment - get that piece of land, get on the property ladder. In Zimbabwe, you can build, elsewhere

9. leveraging on other people’s money (mortgage) but be wary of crushes.

d) Online hustle or side/passive income streams – offline businesses have fixed capacity there4 income is capped, whereas the internet has unlimited opportunities. Explore your creativity and do something

10. you’ve got passion in and build it into an income generating stream. Extensively covered by @dianawashe on this platform before.

e) Invest in becoming debt-free.

11. The widening racial wealth gap disadvantages black families, individuals, and communities and limits black citizens’ economic power and prospects, and the effects are cyclical. Such a gap contributes to intergenerational economic precariousness mckinsey.com/industries/pub…

12. Because of our brutal colonial heritage, we often inherited precarious situations - leading to negative impact on our development. As a collective, we need to break the intergenerational economic precariousness,

13. & it's never too late to begin the journey towards creating intergenerational wealth. I am not there yet, I'm learning from other folks I interact with, of all races and continents. It's a mindset shift, we need a growth mindset, whole systems thinking approach to all we do

14. In our engineering community we are engaging within our professional institutions @TheZimbabweIns1 ZIE incl. relevant authorities to rethink national infrastructure strategies, linking up local & diaspora professionals to tap into that pool of talent & reshape our narrative.

15. One initiative is diaspora engineers outsourcing design and consultancy work to colleagues in Zim, targeted towards our young graduates. India and southeast Asian countries are leading on this, so we are learning a lot from these communities. @sdiarra88 @SaltLight74