What Kofi Amoabeng Told A Young Banker Who Wanted To Buy His Car 

He is my Mentor, he great Man

You ve said it all thanks 🙏

Sadly many in this country just accept whoever is ready with big cash.u can see this man is a genuine business man

A lot to learn from Dem bro..well said

But, those who are buying for Bussiness to rent out, aren't they also renting out to someone's family member?🤔 I don't get the logic. Not every family has money to buy a house. Sometimes some people rent their way to buying. So we need a healthy mix of acquisitions and rentals. One is not more important than the other.

@@kv7591 you've lost thr context and thrust of what I was referring to. It's not about renting g or buying but a particular principle. We distort arguments with this what aboutism. The principle for the former owner of my house was the behaviour of the buy to let buyers. They are known not to care about who they rent to. It's a k own fact that they do not keep up with the repairs on houses especially if the repair they think will not serve their short-time profit motive. As they are always looking round for profit maximisation, they'll sell at the drop of a heart amd other people will move in amd on and on it goes. The woman bless her could have got more money from the buy to let people but decided to sell to a family. Indeed a stable family unit so that as she leaves the area, she'll not leave her former neighbours with problems. This is an ethical position for her and not be for everyone. I see her morals as I'm leaving in the area and done so for sometime amd anytime I decide to move with my family, I'll not rent it out but leave it for my son who is on the verge of completing law school as a leg up. Ive never believed in speaking the biggest tongues. I've never prayed for more than five minutes. Not ever in my life attended all night as an adult apart of being there by my parents attending with me where I had no option. What helps me is how I deal with those I share this world with. It may not be your cup of tea but its helped me as I moved to study in the US and Europe. Never had a problem with immigration, police or any other authority, never borrowed mo ey in my life before for anything which surprises my wife. I've had people tell me I've not got eye thro. I tell them that's fine but the Consequence for anyone who cheats me is always dire. As I write, it's a moral issue which is different for everyone. It may not be good for you. Fine.

You will meet him believe

I love this man

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You are right my dear

He brought himself down

Precisely Brother. I am sickened by that statement of his and his way of Thinking.

where overtrade means?it collapsed due to non performing loans such as the ones he gave to dzata cement

@@nanaoseibonsu3798 Over Trading occurs when a business expands too quickly without having the financial resources to support such expansion.

UT wasn't into trading. it was a commercial bank as commercial bank they give out loans. the bank collapsed cause of non-performing loans. for example Dzata cement was finished by UT bank. they didn't start operations before the bank went insolvent

@@rock-lord6051 I don't know if i am getting you right; Trading in the term " overtrading" does not necessarily mean trading (merchandise). Yes, UT was a commercial bank just like any other commercial bank. The term overtrading is applicable to any business, be it a bank, an insurance company, a farm etc. Now if the nature of your business is to grant loans. And your capacity can grant only Ghs 4m but because demand in consistently increasing say customers demand quickly started from Ghc 4m to Ghc 6m to Ghc8m to Ghc15m within the shortest possible time and as a company you engage in expansion and other activities to meet such demands without the appropriate financial muscle which turns to have negative effect on your working capital, it is overtrading. Hence overtrading is applicable to all nature of businesses.

Bro stop it what he's saying is really true.i work with a bank.my boss even talked to me about a certain young guy in the bank about the way he does things.u dnt know the corrupt ways some of them make money there.later on we heard the guy has been sacked and my boss told me have u seen.if u dnt know is better u just shuush.do u know how expensive it is to maintain such cars.he will start stealing to maintain such a lifestyle believe me.

He specifically talked about assessment before giving the individual the loan; if you don’t cut it, you don’t get it! If you think about it, he was actually looking out for the individual. Cars require maintenance, is this person going to be able to juggle maintenance and loan payments without cheating the system and maybe getting in trouble with the law? Also this is Ghana, salaries weren’t and still aren’t that great on a whole.

@@Nancy-df5ht well said brother

I I Okay ✅✅ and my my heart 💜💜 beats 🎧 I and I love 💕 I’m my best best love ❤️

I love 💕 and

it was in context, kindly open yourself to deep thinking. You are a bank worker and taking loan to buy x5, that amounts to financial indiscipline. You think he would have said that if the young man said he owned his own business, Why do we always castigate those who really wish us well?

@@thomasagorhom1139 not everything was in the context of being a banker. He did make it seem like a 35 year old should not be driving x5.

very sad you cant see the wisdom in what he said. So sad for this country called Ghana if the youth can't just think deep enough

@@prophecytv3975 I'm not arguing the fact that a bank worker earning whatever he earns should not be buying buying an x5. I'm more worried about him emphasising on the age as if its wrong for a any 35 year old should not be even thinking about owning an x5. This is the same thinking the police have and they harrass young people in nice cars as if its a crime to be young and rich.

@@thomasagorhom1139 listen very well before u speak....he said someone caLled him to buy his x5...not someone who was taking a loan to buy x5...but because he is a banker and was 38 he didn't Sell it to him

Massa the churches are useless. Business goes up and down, that's not the reason why he's gone down and he's still doing well in other areas

You are obviously happy a man's situation went bad?.. you are living a sad life .. it's not any of your beliefs that caused his failure... Even babies die

Investment x like a game buh the risk involve is real …Do u know why churches n politicians play mind games..they will only tell u it good for their interest n next they say it bad for other people…#Always remember that what is good for the goose is good for the gander …Poor mindsets suffer in the hands of wise people…N when they can’t take advantage, they start to call names like u are a fool,wicked etc

What happened?

Hmmmm asem ooh

Who asked your friends father to go for a loan if he knows he can't pay

@@TVGhana don’t sit behind ya 2x4 laptop or whatever you got over there and talk anyhow

If your friend's dad paid the loan he agreed to with the collateral, he wouldn't have gone for his collateral.

He said invest wisely not in luxurious unwanted things

Bill gate was genuine and didn't waste funds on luxury

Look at u comparing someone in Ghana to Bill gates. U people will never listen to advice until u end up in jail

But Bill Gates at that time was his own boss working on Microsoft. He wasn’t an employee or a banker. Listen to the priceless advice and stop making unnecessary comparison

Listen carefully

He sighted that a banker doesn't earn so much to maintain that car. He said there's something wrong somewhere and could be that he was stealing!

He sighted that a banker doesn't earn so much to maintain that car. He said there's something wrong somewhere and could be that he was stealing!