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OchePhem

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  1. Asked: April 18, 2026In: FINANCIAL LITERACY

    How can I save and invest on a ₦90k salary in Nigeria?

    OchePhem
    OchePhem
    Replied to answer on April 22, 2026 at 6:20 pm

    Hmm. I suggest you do percentage spending: 20% to invest, 50% to support and 20% for emergency or other things. Remember in 50% is your food, needs,etc. Know the differences between needs and wants. Try to limit your lifestyle which allocate more of your funds too. Do meeting, communicate and agreeRead more

    Hmm. I suggest you do percentage spending: 20% to invest, 50% to support and 20% for emergency or other things.

    Remember in 50% is your food, needs,etc. Know the differences between needs and wants.

    Try to limit your lifestyle which allocate more of your funds too. Do meeting, communicate and agree on terms

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  2. Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

    What is a money market mutual fund? and how does compounding works?

    OchePhem
    OchePhem
    Added an answer on April 22, 2026 at 6:13 pm

    Imagine saying you don't like stress and don't have time. You give or lend money to professionals for your wedding or events to be perfect. That's how mmf works. So, you give them money to help you invest as a group and you get your profit according to the money or funds invested. Compounding meansRead more

    Imagine saying you don’t like stress and don’t have time. You give or lend money to professionals for your wedding or events to be perfect. That’s how mmf works. So, you give them money to help you invest as a group and you get your profit according to the money or funds invested.

    Compounding means multiplying in folds. The profit you get is re-invested back to the mmf and thus increase in folds.

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  3. Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

    What is a money market mutual fund? and how does compounding works?

    OchePhem
    OchePhem
    Replied to answer on April 22, 2026 at 6:07 pm

    If downloaded and registered- you have done all the processes ( chn, cscs, bank account and name verification), open the app, click on investIn below the app and you will see mmf and other related bonds, click on it and invest. Let your money be in wallet instead of funds.

    If downloaded and registered- you have done all the processes ( chn, cscs, bank account and name verification), open the app, click on investIn below the app and you will see mmf and other related bonds, click on it and invest.

    Let your money be in wallet instead of funds.

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