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  1. Asked: March 20, 2026In: CAREER & INCOME GROWTH

    What does it take for you to mentor someone – Iking Ferry?

    Iking Ferry
    Best Answer
    Iking Ferry Fokona CEO Investment Strategist and Financial Literacy Advocate
    Added an answer about 6 months ago

    Let me answer you honestly… without sugarcoating anything. 1. What it takes for me to mentor someone For me, Mentorship is not about liking you. It is not about following me. It is not about asking many questions. Mentorship is about responsibility. And most people are not ready for it. These are thRead more

    Let me answer you honestly… without sugarcoating anything.

    1. What it takes for me to mentor someone

    For me, Mentorship is not about liking you.

    It is not about following me.

    It is not about asking many questions.

    Mentorship is about responsibility.

    And most people are not ready for it.

    These are the things I look for:

    1. You must be serious with your life

    Not motivated… serious.

    Motivation fades.

    Seriousness stays.

    If you are still jumping from one opportunity to another,

    looking for quick money…

    Mentorship will not help you.

    2. You must be willing to follow structure

    I don’t do trial-and-error mentorship.

    If I give you a structure and you keep doing your own thing…

    You are wasting your time.

    3. You must have patience

    Wealth is not built in 3 months.

    And If your mindset is: “Let me try this and see results quickly”

    You are not ready.

    4. You must be financially committed

    Let me be very clear.

    Free advice is general.

    Mentorship is specific.

    And anything that is specific requires:

    Time

    Attention

    And Strategy

    That is why mentorship is not free.

    Not because of money alone…

    But because commitment is tested through what you are willing to invest.

     

    2. As a beginner, where should you start investing?

    This is where most people make their biggest mistake.

    They start with:

    Crypto

    Trading

    And High-risk stocks

    Because they want fast results.

    Let me explain this better, using a simple example.

    If Mama Ngozi has ₦100,000…

    She will not use it to do risky business first.

    She will first:

    Keep part safe

    Use small part to test business

    That is wisdom.

    Here’s a Step-by-Step Starting Point for Beginners:

    Step 1: Start with Money Market Mutual Fund

    This is your foundation.

    Why?

    Because… its Low risk investment with Stable returns, and very Easy to access.

    This Helps you build discipline

    Think of it as:

    “Parking your money where it is working quietly”

    Step 2: Learn before you move

    Don’t rush into stocks.

    First understand:

    How companies make money

    How to read basic financials

    Why prices go up and down

    Because…. Ignorance in investment is expensive.

    Step 3: Move to Stocks gradually

    When you understand the basics:

    Start with strong companies

    Think long-term

    Don’t chase hype

    Step 4: Only then consider high-risk assets

    Like Crypto, aggressive investments…

    And this Should not be more than 10% of your portfolio

    Because… Anything beyond that is gambling, not investing.

    Let me tell you the truth:

    Most people are not poor because they don’t have money…

    They are poor because:

    They don’t have structure

    They don’t have discipline

    They don’t have patience

    So… here’s My Advice to You

    Don’t rush to look for mentorship.

    First:

    Build discipline

    Start small

    Stay consistent

    When you are ready for structure…

    Mentorship will find you.

    I am Iking Ferry.

    I don’t just teach investment.

    I teach how to think about money.

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