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About Abroad? Stop Spending, Start Investing
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Abroad? Stop spending, start investing. Madam Lara Okunubi explains how the African diaspora can invest back home safely, avoid scams, and turn money sent home into real, lasting wealth. Africans abroad send billions of dollars back to the continent every year, but are we actually building wealth? In this episode of The Olahshow Podcast, host Olawunmi Oyedeji sits down with Madam Lara Okunubi, Board Chair of Bridgeporte, to talk about why sending money home is not the same as investing, why so many diaspora investors fear putting money into projects back home, and how trust, accountability, and due diligence protect your hard-earned money. šÆ IN THIS EPISODE YOU'LL LEARN: ā Why sending money home is not the same as building wealth ā How to invest back home from abroad without getting scammed ā Why you must fact-check every investment and pay for due diligence ā Whether owning land and houses back home is really an investment ā Her take on the Dangote IPO and building a healthy risk appetite ā What the LagosāCalifornia sister state agreement means for entrepreneurs and cross-border business ā Why the diaspora is not an "ATM" and why respect must run both ways ā Why generational wealth begins when you involve the youth ā±ļø TIMESTAMPS 0:00 Cold open: trust, accountability and fact-checking 0:58 Intro: Is the diaspora building wealth? 2:04 Welcome and guest introduction 3:46 Madam Lara's story: 42 years in the US, faith and community 4:26 Why community matters in the diaspora 5:12 What working with adults with developmental disabilities taught her 6:56 Redefining success: consistency, integrity and trust 7:44 Why she moved into diaspora investment 9:54 What is Bridgeport and what does it do? 12:43 Funding, capital and due diligence 14:09 Are we building wealth or just funding consumption? 18:05 The fear of investing back home 18:45 Accountability, fact-checking and paying for due diligence 22:03 The Dangote IPO and taking calculated risks 24:21 Is owning land and houses back home really an investment? 28:16 The 1031 exchange and when not to sell property 29:06 How has life changed for women in business? 33:36 LagosāCalifornia sister state agreement: from ceremony to real business 39:29 Why you can't do business on sentiment 40:25 What government backing and the diaspora desk really mean 42:29 What can we expect in the next 5 years? 45:10 How entrepreneurs can get a seat at the table 46:37 Does Africa see the diaspora as an ATM? 49:47 Rapid-fire questions 52:05 Final thoughts: love is not due diligence š¤ ABOUT THE GUEST Madam Lara Okunubi is a community leader, social impact entrepreneur, and global diaspora advocate with more than 30 years of experience across business, community development, and leadership. She is Board Chair of Bridgeport, a capital advisory and diaspora-focused investment platform working in cross-border investment and real estate. š¤ SPONSOR This episode is proudly sponsored by Bridgeporte, a capital investment platform. š¬ QUESTION FOR YOU: Are Africans in the diaspora building wealth, or are we simply earning and sending money home? Tell us in the comments š š Subscribe to The OlahTV and turn on notifications so you never miss an episode. š Like and share this with someone who earns, invests, owns property, or sends money back home. ā ļø Disclaimer: This content is for educational and informational purposes only and is not financial, legal, or investment advice. Always do your own research and consult a licensed professional before investing. #StopSpendingStartInvesting #DiasporaInvesting #InvestInAfrica #AfricanDiaspora #TheOlahshow #GenerationalWealth
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