Waw this question is the reality of most Nigerians with many earning salaries even less. But when it comes to fighting for financial freedom been real will not help. Then it becomes all about sacrifice,delaying gratification and living below your means If you want to face reality a salary of 90k inRead more
Waw this question is the reality of most Nigerians with many earning salaries even less.
But when it comes to fighting for financial freedom been real will not help. Then it becomes all about sacrifice,delaying gratification and living below your means
If you want to face reality a salary of 90k in today’s Nigeria is not even enough but then the practicable strategy to adopt after deciding to embark on the journey of wealth creation with this kind of salary is to save first before spending each time the salary is received. That is what I practice and it has been working for me. See it this way if you save first,you will have not option than to make do of what is left but if you choose to spend first before you save it will still not be enough.
So I would advice the adopt the 70-30 principle. Budget your upkeep not to exceed 70% of the 90k and then plan on spreading the 30% between your savings,investing and given. dont mind the amount but just be disciplined,consistent and patient with yourself and over time you will be happy that you have made the right choice.
Yes all you need is the relevant documentations in terms of registration but then it's something that requires you physical presence in the banking hall as that aspect of cooperate investment has not been added in the apps. But yes it is possible.
Yes all you need is the relevant documentations in terms of registration but then it’s something that requires you physical presence in the banking hall as that aspect of cooperate investment has not been added in the apps. But yes it is possible.
Simple way request for your e statement of account. Though they are also working on the app so that you can view it on the go. Source my personal correspondence with them in response to my email
Simple way request for your e statement of account. Though they are also working on the app so that you can view it on the go. Source my personal correspondence with them in response to my email
Bonds are fixed interest and fixed term investment instruments of long term usually for a three or two year term and issued by the government or reputable strong organizations and interest payments are made quarterly or otherwise defined and principal also repaid at the maturity of tenure with the lRead more
Bonds are fixed interest and fixed term investment instruments of long term usually for a three or two year term and issued by the government or reputable strong organizations and interest payments are made quarterly or otherwise defined and principal also repaid at the maturity of tenure with the last interest coupon.
While treasury bills are short term debt instruments for 30,60,90 days or as defined.also issued by government or reputable organizations to need short or immediate term financial needs. One unique aspect of this instrument is that it is made net of interest of the amount which is then paid at maturity. I.e interest can be received upfront.
How can I save and invest on a ₦90k salary in Nigeria?
Waw this question is the reality of most Nigerians with many earning salaries even less. But when it comes to fighting for financial freedom been real will not help. Then it becomes all about sacrifice,delaying gratification and living below your means If you want to face reality a salary of 90k inRead more
Waw this question is the reality of most Nigerians with many earning salaries even less.
See lessBut when it comes to fighting for financial freedom been real will not help. Then it becomes all about sacrifice,delaying gratification and living below your means
If you want to face reality a salary of 90k in today’s Nigeria is not even enough but then the practicable strategy to adopt after deciding to embark on the journey of wealth creation with this kind of salary is to save first before spending each time the salary is received. That is what I practice and it has been working for me. See it this way if you save first,you will have not option than to make do of what is left but if you choose to spend first before you save it will still not be enough.
So I would advice the adopt the 70-30 principle. Budget your upkeep not to exceed 70% of the 90k and then plan on spreading the 30% between your savings,investing and given. dont mind the amount but just be disciplined,consistent and patient with yourself and over time you will be happy that you have made the right choice.
How do bond funds work in Nigeria and why do prices go up and down?
Thanks a lot sir. This made a lot of impact.
Thanks a lot sir. This made a lot of impact.
See lessWhat is the best strategy when a fund like InvestNaija Paramount Fund gains 18% in Nigeria?
Thanks so much,this actually helps
Thanks so much,this actually helps
See lessHow do I correct a money market mutual fund account opened in the wrong name in Nigeria?
Yes all you need is the relevant documentations in terms of registration but then it's something that requires you physical presence in the banking hall as that aspect of cooperate investment has not been added in the apps. But yes it is possible.
Yes all you need is the relevant documentations in terms of registration but then it’s something that requires you physical presence in the banking hall as that aspect of cooperate investment has not been added in the apps. But yes it is possible.
See lessHow Can I Check My FGN Savings Bond Balance on InvestNaija App?
Simple way request for your e statement of account. Though they are also working on the app so that you can view it on the go. Source my personal correspondence with them in response to my email
Simple way request for your e statement of account. Though they are also working on the app so that you can view it on the go. Source my personal correspondence with them in response to my email
See lessWhat Is the Difference Between Bonds and Treasury Bills in Nigeria?
Bonds are fixed interest and fixed term investment instruments of long term usually for a three or two year term and issued by the government or reputable strong organizations and interest payments are made quarterly or otherwise defined and principal also repaid at the maturity of tenure with the lRead more
Bonds are fixed interest and fixed term investment instruments of long term usually for a three or two year term and issued by the government or reputable strong organizations and interest payments are made quarterly or otherwise defined and principal also repaid at the maturity of tenure with the last interest coupon.
While treasury bills are short term debt instruments for 30,60,90 days or as defined.also issued by government or reputable organizations to need short or immediate term financial needs. One unique aspect of this instrument is that it is made net of interest of the amount which is then paid at maturity. I.e interest can be received upfront.
See less