Nasfund staff learn valuable skills to ‘roll over’ money


WITH an exit from the security of paid employment looming, some may have questions and doubts about facing an unknown future.
Even those working in a superannuation have their share of doubts. Staff from the largest private sector super fund, Nasfund, who recently attended a Personal Viability training programme attested to that.
Ikanau Matangiau, Francesca Nienpery and Joyceleny Porapora have served Nasfund for between 30 and 35 years apiece.
They were granted leave by their employer to attend the PV levels one and two trainings conducted by the 6-Mile -based Human Development Institute (HDI).
Ikanau said at their graduation after successfully completing level two that they had almost reached retirement and naturally were worried about what to do after they quit their jobs.
“Now we’re a little more confident about the future, away from formal employment. We can use our savings in a similar manner – roll over the money to earn more,” she said.
“We can even roll over part of our fortnightly pay so that we don’t have to borrow from others to meet our needs outside of our salaries.”
In terms of savings, Ikanau said that like a lot of other workers in the country, their hope for the future was only in their compulsory savings and very little else. The training provided by HDI has opened their eyes to see how they can not only save more of their salaries but put it to work for them while still working for Nasfun.
The trio were part of a batch of trainees who graduated from the PV Level 2 (Game of Money) training on July 30. Level 2 trainees of praxis are each given a K10 to make over K700 at the end of two weeks. In previous sessions many have been able to reach the amount but a couple of years ago, one student managed to break the K1,000 barrier and more were to follow later.
Ikanau was one of three from the group who did manage to take in over K1,000 from their K10 startup capital.
The training and the practical application of the concept of “rolling over” money was a novel idea that the group had not known about in their lives.
It is a special entrepreneurial skill that they can use for the rest of their lives, either as home managers, small business operators or even when they consider going to larger enterprise.
Founder of HDI and head trainer Samuel Tam told the graduating students: “I’m very proud of you. You now have the answer to make life good. You have the secret. Money going out should return.
“I gave you K100 (K10 each to 10 students) and you returned K6,000. That’s the secret; keep on rolling the money.’
Tam also urged the participants to supporter one another and get help also from their communities and friends to succeed in whatever small business their venture into.
He reminded them that while poor people worked hard for money, the rich simply organised their money to work for them.
“You don’t need a degree to roll over money. With this knowledge in your bones, you will succeed,” Tam said.
More Nasfund staff who are retiring soon, will be allowed to attend PV training at HDI up to at least level two where they can learn how to make money even from as little as K10.