Thank you so much for taking time to break this down, I understood every single word like mama Ngozi and am actually printing it out so I can read it over again. I really wish someone had taught me this ten years ago I’d be in a much better spot today. Iam so grateful sir!
Thank you so much for taking time to break this down, I understood every single word like mama Ngozi and am actually printing it out so I can read it over again. I really wish someone had taught me this ten years ago I’d be in a much better spot today. Iam so grateful sir!
Optimize the 50/30/20 Budget, but given the cost of living in Nigeria, the standard 50/30/20 rule might be tough. You might need to adjust it to a 70/20/10 model: 70% (₦63,000) for Needs: Rent, food, transport, and utilities. 20% (₦18,000) for Wants & Buffer: Occasional treats or unexpected miRead more
Optimize the 50/30/20 Budget, but given the cost of living in Nigeria, the standard 50/30/20 rule might be tough. You might need to adjust it to a 70/20/10 model:
70% (₦63,000) for Needs: Rent, food, transport, and utilities.
20% (₦18,000) for Wants & Buffer: Occasional treats or unexpected minor costs.
10% (₦9,000) for Savings/Investment: This is your seed money.
Reduce Recurring Expenses
Look for “leaks” in your spending:
Bulk Buying: Buy non-perishable food items in bulk at major markets rather than retail shops.
Low-Entry Investment Options; look into these low-barrier investments:
Mutual Funds: You can start with as little as ₦5,000. These are managed by professionals and offer better returns than a regular bank account.
Fixed Income/Treasury Bills: Use fintech apps to buy fractional shares of government-backed assets.
Focus on “Income Mobility “On a ₦90k salary, your greatest investment is yourself. Use some of your “Wants” budget to take a certification course or learn a digital skill.
The post presents a false dilemma. Investing in a business and investing in the stock market serve two different functions. Building your own business is about wealth creation, it’s high risk, high reward and requires your full operational focus. Investing in stocks is about wealth management it’s lRead more
The post presents a false dilemma. Investing in a business and investing in the stock market serve two different functions. Building your own business is about wealth creation, it’s high risk, high reward and requires your full operational focus. Investing in stocks is about wealth management it’s lower risk and designed to preserve and grow capital without the daily operational headache. The real intellectual move isn’t picking one, but knowing which one fits your current capacity and risk appetite
How can I overcome fear and hesitation in real estate investing in Nigeria?
Thank you so much for taking time to break this down, I understood every single word like mama Ngozi and am actually printing it out so I can read it over again. I really wish someone had taught me this ten years ago I’d be in a much better spot today. Iam so grateful sir!
Thank you so much for taking time to break this down, I understood every single word like mama Ngozi and am actually printing it out so I can read it over again. I really wish someone had taught me this ten years ago I’d be in a much better spot today. Iam so grateful sir!
See lessHow can I save and invest on a ₦90k salary in Nigeria?
Optimize the 50/30/20 Budget, but given the cost of living in Nigeria, the standard 50/30/20 rule might be tough. You might need to adjust it to a 70/20/10 model: 70% (₦63,000) for Needs: Rent, food, transport, and utilities. 20% (₦18,000) for Wants & Buffer: Occasional treats or unexpected miRead more
Optimize the 50/30/20 Budget, but given the cost of living in Nigeria, the standard 50/30/20 rule might be tough. You might need to adjust it to a 70/20/10 model:
See less70% (₦63,000) for Needs: Rent, food, transport, and utilities.
20% (₦18,000) for Wants & Buffer: Occasional treats or unexpected minor costs.
10% (₦9,000) for Savings/Investment: This is your seed money.
Reduce Recurring Expenses
Look for “leaks” in your spending:
Bulk Buying: Buy non-perishable food items in bulk at major markets rather than retail shops.
Low-Entry Investment Options; look into these low-barrier investments:
Mutual Funds: You can start with as little as ₦5,000. These are managed by professionals and offer better returns than a regular bank account.
Fixed Income/Treasury Bills: Use fintech apps to buy fractional shares of government-backed assets.
Focus on “Income Mobility “On a ₦90k salary, your greatest investment is yourself. Use some of your “Wants” budget to take a certification course or learn a digital skill.
Is Investing ₦1 Million in Stocks Better Than Starting a Business in Nigeria?
The post presents a false dilemma. Investing in a business and investing in the stock market serve two different functions. Building your own business is about wealth creation, it’s high risk, high reward and requires your full operational focus. Investing in stocks is about wealth management it’s lRead more
The post presents a false dilemma. Investing in a business and investing in the stock market serve two different functions. Building your own business is about wealth creation, it’s high risk, high reward and requires your full operational focus. Investing in stocks is about wealth management it’s lower risk and designed to preserve and grow capital without the daily operational headache. The real intellectual move isn’t picking one, but knowing which one fits your current capacity and risk appetite
See less