Some excellent finance tips for the 21st-century adult to keep in mind.



A lot of people argue that the digital century has made it much easier to make money. With a simple tap on your phone screen, you could invest in global stocks and resell at a high price within a short period.

Some others are making money by simply entertaining the world on their YouTube channel, and some others have built a loyal community of followers on social media platforms like Twitter and Instagram, turned into ‘mini celebrities’ and brand influencers who now make serious money by helping to bring merchant’s products into the consciousness of their followers.

Now, whereas the ability to make money has become easier, managing one’s finances is, however, a different ballgame. As a matter of fact, it is guided by completely different laws from those of making money. We hereby bring you some important tips on how to manage your money.

Below are some excellent finance tips for the 21st-century adult to keep in mind. Why the 21st century? Well, this age has completely different trends and a whole different kind of financial challenge.

Never regard gambling or money doubling ventures as investments
Such ventures are ‘for-profit’, meaning that they are out to make more money than they payout. So what are the odds that you, out of the millions who play the game, will end up as winners? Probably less than 0.000001. That said, you are more likely to lose your money than win more.

Playing or not playing such games may completely be a thing of moral disposition. However, if you want to play the game, consider the money as one that many never come back, instead of as one that is expected to come back in multiples as return on investment.

Better still, find other pastimes or distractions if you enjoy playing games. Once again, these are not ‘investments’. It is gambling.

Understand what promotions and discounts really mean
Discounts and promotions often come across as saving some money. But of a truth, you are not saving, you are spending – maybe less, but you are still spending nonetheless.

It is not an unwise decision to take advantage of discounts and promotions, but if you do not already have the item listed in your budget, it is better to disregard it.


Unfortunately, this is not often the case as young adults continue to be overwhelmed by the sense of urgency when a merchant declares a 30% discount of sales of his products for a limited period.

The emotional pull is to cash in on this promo while it last, especially since the message says you can save a certain amount of money by buying it. However, the practical reality before you is that you are spending and not saving at the moment you make the purchase.

You are only actually saving some money when you already have the item in your list of expenses and end up spending a lesser amount to purchase the same item.

However, if a discount is being offered on a product you absolutely need, you can go ahead to make the purchase even if you have not planned for it, so long as you understand the difference between needs and luxuries.

This should not be a habit because it makes a mess of the financial discipline you have been trying to build on so, it’s something you should be mindful of.

Whenever you go shopping, go with a list and stick to it
Never go shopping without a market list. It probably seems like a weird thing to do but having a market list can and should prevent you from impulsive buying, where you buy items you do not need and forget the things you need.

Every Merchant is out to make sales and the result of this is that they try to make their products as appealing and captivating as possible.

No matter how few items you want to buy make a list and stick to it. You have no idea how much heartache it can save you.

Place a cap/limit on your weekly spending
Nothing truncates your financial goals like unplanned spending. Having understood what makes up your weekly budget, make some allowance for emergencies and place a weekly limit.

The attitude of ‘lets-see’how-it-goes’ is not the best for managing your finances. The choice to place a weekly limit is akin to checking your expenses, especially since you know that spending on unnecessary items could result in you sacrificing some of your actual needs till the next week.

Banks and financial institutions can help you activate this feature, thus preventing you from making any debit transaction on your card once you have reached your limit.

With this, you are compelled to postpone other expenses until the start of a new week.

Make buying decisions based on value and not cost
For the purpose of clarity, cost is what you pay for the product and value is what you get. The summary of this point is that you should know when an item actually costs more than it is sold, and make your buying decisions based on this knowledge.

John and Francis both decide to get a car, but while John decides to buy a brand new car, Francis opts for a fairly used car at less than half the price.

Three months later, Francis’ car has spent more nights at the mechanic shop than in his garage, while John has only now remembered to take his car for the regular maintenance and check.

On the surface, John might have paid more but he got his money’s value, while Francis has come to discover that he paid more (cost) for less (value). For all the troubles it has given to him, he would probably have been better off going for the newer car or staying without a car at all.

When you want to make a buy, decipher the cost and the value and let this be your guide. You might spend much, but make sure it is right for the value you are getting.

Source: https://nairametrics.com/2020/07/31/5-indispensable-money-advice-for-the-21st-century-working-adult/

Most of us have heard about crypto currencies, but not many has decided to make do of this opportunity to become financially free.

11 years ago, Bitcoin did not amount to much, ignored by a lot of people. fast forward to 2020, one bitcoin is worth about 3.6 million naira. Does this ring a bell? Imagine if u had bought even just 1 Bitcoin back den, by now u should have had 3.6 million with u.

Now ethereum is making d waves and u still are ignoring it. Rather than saving in ur bank which doesn't even give u any interest but instead debits u, why don't u buy and save with ethereum?

One of d big differences between the rich and the poor is the ability to invest wisely.

If u haven't invested in ethereum, den go do dat now. Just last week, the price was 127k, fast forward to today in less than 4 days ethereum is worth approx. 155k!!

A lot of people have the money stored up in banks, I consider this a very stupid idea.

Earlier this year, I told a guy who was looking for a good investment to make, that if he can't find one, he should use the money to buy and save ethereum (which was around 33k den)!!

He bluntly refused, claiming that he won't. Just recently, he came to me telling me to guide him through the process of buying and selling crypto currencies, because as I predicted, ethereum had a massive increase in value, regretting while he never invested.

Imagine he had gotten 3-4 ethereum which at then was priced 33k, he would have gotten about 580k with the current ethereum pricing of 145k..imagine the profit undecided lipsrsealed

Never miss this opportunity to invest in this growing gold!! U could buy and save...
Statistics shows one ethereum might get up to 500k by the end of this year..

U can't afford to purchase one ethereum @155k? Start small, buying and saving as little as u can afford
or
DM me now for another means to accumulate unlimited amount of ethereum with just 10k and a little bit of hardwork!!
Dm on WhatsApp now @signature below

Pendex:
Most of us have heard about crypto currencies, but not many has decided to make do of this opportunity to become financially free.

11 years ago, Bitcoin did not amount to much, ignored by a lot of people. fast forward to 2020, one bitcoin is worth about 3.6 million naira. Does this ring a bell? Imagine if u had bought even just 1 Bitcoin back den, by now u should have had 3.6 million with u.

Now ethereum is making d waves and u still are ignoring it. Rather than saving in ur bank which doesn't even give u any interest but instead debits u, why don't u buy and save with ethereum?

One of d big differences between the rich and the poor is the ability to invest wisely.

If u haven't invested in ethereum, den go do dat now. Just last week, the price was 127k, fast forward to today in less than 4 days ethereum is worth approx. 155k!!

A lot of people have the money stored up in banks, I consider this a very stupid idea.

Earlier this year, I told a guy who was looking for a good investment to make, that if he can't find one, he should use the money to buy and save ethereum (which was around 33k den)!!

He bluntly refused, claiming that he won't. Just recently, he came to me telling me to guide him through the process of buying and selling crypto currencies, because as I predicted, ethereum had a massive increase in value, regretting while he never invested.

Imagine he had gotten 3-4 ethereum which at then was priced 33k, he would have gotten about 580k with the current ethereum pricing of 145k..imagine the profit undecided lipsrsealed

Never miss this opportunity to invest in this growing gold!! U could buy and save...
Statistics shows one ethereum might get up to 500k by the end of this year..

U can't afford to purchase one ethereum @155k? Start small, buying and saving as little as u can afford
or
DM me now for another means to accumulate unlimited amount of ethereum with just 10k and a little bit of hardwork!!
Dm on WhatsApp now @signature below

The only thing that is driving up the price of Ethereum and the rest of the crypto gang is just the marketing hype around them.

These cryptos which in my opinion are nothing but an elaborate scam have no real intrinsic value!