The Wealth Check

The Wealth Check

Gain expert advice from Makala Green about building wealth and financial planning

Following our recent online Q+A session with Makala Green, the first black British female chartered financial planner, we asked Makala to share her top tips for first time investors, please see her top tips below.

Set a goal – Whether you’re investing to buy a house, start a family or a business. Put a reason behind your investments.

Establish an emergency fund – Build an emergency fund at least 3 months of your monthly expenditure before you consider investing.

Diversify – In other words, don’t put all your eggs in one basket. Investing in a range of assets will help reduce investment risk.

Research – Do your research before you invest and keep up to date with financial news and literature.

Start Small – Investing is not about how much money you have it’s about how much you can accumulate. So don’t be afraid to start small it’s important you are comfortable with the amount you invest.

Think Ahead – Think long term when investing. Investments are designed to perform better over the long run so don’t be in a hurry to achieve growth overnight. Remember investment growth is not determined on the time you invest but more the time invested in the market.

If you have any questions please don’t hesitate to contact [email protected] or follow @thewealthcheck .

 

Worried about Coronavirus?

Worried about Coronavirus?

The wellbeing of our members is always our number one priority. 

Following the most recent developments with the Corona virus pandemic, the management team is working hard to ensure we can continue to support our most vulnerable members during this period.

Understandably, the current social distancing and self isolating measures may cause members to feel anxious, stressed, worried, sad, helpless, overwhelmed, confused or angry. As such, we are sharing helpful tips and guidance from the NHS on our social media platforms to support our members (and their loved ones) during this difficult time.

We ask that mentors do their part, by remaining in regular contact with their assigned mentee, and find out how they are truly coping. As you can appreciate, some may not wish to disclose that they are struggling financially, however, results from the recent poll we conducted on Instagram showed that 70% of our followers are worried about how this pandemic will impact their ability to pay up-coming bills.

Therefore, we recommend that you ask your assigned mentee if she is feeling overwhelmed by the extra cost of being at home with limited or zero income. If she answers ‘Yes’ then please ask her to visit GOV.UK to apply for Universal Credit and Employment and Support Allowance; support introduced by the Government in response to this issue.

If you have any concerns or questions please don’t hesitate to contact us.

We hope you and your loved ones stay safe during this time.

Best wishes,

PD Management

 

Staying Connected During A Pandemic

Staying Connected During A Pandemic

Transitioning your mentoring relationship from in-person to online.

A necessary precaution to help minimise the Corona virus spreading further in London.

The management team and I would like to thank everyone for transitioning their mentoring relationship from in-person to online. This is a necessary precaution to help minimise the Corona virus spreading further. As per the Government’s social distancing and self isolation instructions, communication will primarily be digital until further notice. Accordingly, please do your best to follow our 10 online etiquette rules listed below:

1) Spell people’s name correctly and respect any accent marks. Please use upper and lower cases properly e.g. my name is spelt Déolá Ònásanwó.

2)Think twice before hitting ‘reply all’ and do not send non-Pink Dynasty related messages in your mentee or mentor WhatsApp group chats. No one wants to read emails that have nothing to do with them, or be spammed with marketing material. As you can appreciate, it can be difficult to ignore notifications and emails that continuously pop-up on our screens. Therefore, please think carefully about why you are sending the message and if it is necessary for everyone to receive it.

3) Be sensitive to the fact that people from different cultures speak and write differently. Miscommunication can easily occur because of cultural differences, especially in the writing form when we can’t see peoples’ body language.

4) To avoid misunderstandings, keep tabs on your tone. Always read your message out loud before hitting send. If it sounds harsh to you, it will definitely sound harsh to others. Try to avoid using negative words, and always say “please” and “thank you”. Being courteous and exhibiting good manners will always be received well in social settings, especially when communicating with each other online.

5) Don’t write anything that would be ruinous to you or hurtful to others. After all, emails can be forwarded at anytime, so to be safe, always be kind and respectful.

6) Always use professional salutations in your emails. Don’t use colloquial (informal) expressions like, “Hey you guys,” or “What’s up?”. Use discretion when addressing people online, especially if you do not have a personal or familiar relationship with the recipient(s).

7) Do not shorten anyone’s name, unless you’re certain they prefer their name to be shortened. For example, my name is Adéolá, however, as mentioned at the induction event, I prefer to be called Déolá or Dee. To avoid disrespecting people, always ask what a person likes to be called, never assume.

8) Always use exclamation points sparingly. If you choose to use an exclamation point, please only use one to convey your excitement. Additional exclamation points make you sound like you are angry or shouting.

9)Proofread every message. Unfortunately, our mistakes won’t go unnoticed by the recipient(s). Read your note aloud, before sending. Remember to use spell check and if you suffer from dyslexia (like I do) try to take extra time when writing, and if possible ask for a second pair of eyes to review/edit your message.

10) Always add the email address(es) last, and double-check that you’ve selected the correct recipient(s).When you are replying to a message, it’s a good precaution to delete the recipient’s email address and insert it only when you are sure the message is ready to be sent.

Thanks again for your continued commitment and support, together we can get through this difficult and uncertain time.

Take care of yourselves and each other.

Best regards,
Déolá

Adéolá Ònásanwó, MBA
Managing Director, Pink Dynasty CIC

Women’s History Month

Women’s History Month

One of the first Women’s Day observances caused a revolution!

Celebrated every March to coincide with International Women’s Day on March 8.

Women’s history month is period where people raise awareness about the impact women have made on history, and highlight the needs and issues many women still face worldwide.

In many parts of the world, women are still highly discriminated against, and may even have less access to education and economic opportunities. That’s why throughout the month of March, people will organise demonstrations and rallies in support of women’s rights to give light to these issues not too many people are aware still exist.

Women’s Month commemorates the history of women’s impact in the world and to raise awareness of issues women are facing worldwide, while International Women’s Day was established to commemorate the movement for women’s rights.

Throughout March,  Tower Hamlets Council and Alternative arts have celebrating contemporary women artists, activists, writers and performers, women’s groups and community organisations by offering a diverse programme of events and exhibitions across East London.

Each time a woman stands up for herself, without knowing it possibly, without claiming it, she stands up for all women.” — Maya Angelou.

Have a great Women’s history month !

Welcoming the Class of 2020

Welcoming the Class of 2020

We are thrilled to welcome our newest members to the PD family!

Becoming Truly Connected – The Journey Ahead

A massive congratulations to: Aurelia Hummelbrunner,Funmi Looi-Somoye, Maria Oshodi, Alybaa Tahir, Maisie Allen, Tobi Omiyale, Melanie Klouvi Nana, Andrea Losinda, Isabel Gaston Sanam Dhaliwal, Marianna Aturia, Laura Pla, Ranya Lamani, Assia Hamdi, Tracy Achonwa, and Melissa Yebisi , who recently secured Pink Dynasty membership. We are thrilled to have you join the PD network and can’t wait to support you with achieving your goals.

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We hope you enjoyed meeting each other and feel enthusiastic about the journey ahead – paring list attached.

Please remember to complete the mentoring agreement form, and return a signed copy to us at your earliest convenience.

Next steps:
1. Create a WhatsApp group
2. Follow Pink Dynasty CIC on LinkedIn
3. Nominate a chair and co-chair who will attend PD Management meetings

If you have any questions or concerns, please let us know.

Best of luck,

PD Management Team