₦airaland Forum

adeoyekay:
Are you a male or female?

You want to marry me?

Guidedee:
Love me also and I'll love you back. YNWA.

I will love you if only you can quit gambling.
If only you can quit sports betting

Think9ja:
Yes ooo
The betting industry is a multi million dollar industry

Kill sports betting (gambling) now before it kills you.

Thank God o

gabazin080:
you want help person when you self never quit bet

I love sports. I like Liverpool.

But guys #stop sports betting. It ruins

Chelsea wins.

Quit sports betting and gambling altogether.

It ruins lives.

Winning for liverpool

Stop sports betting. It kills.

Azà Hub - Advocacy for Financial Literacy - Aza.ng

Despite Subsidy Removal: 7 Ways To Boost Your Finance And Wealth

Now that the pangs of subsidy removal effects are here, and we are adjusting to what seems to be our new normal, taking the time to manage your money better will definitely pay off. With drastically reduced Naira purchasing power, skyrocketing prices, soaring inflation, currency devaluation and more, it is high time we became more money-smart.

More often we tend to believe that earning more money automatically translates to wealth. However, experiences have shown that this is not really true. There is another factor that is equally as important as making more money. And this factor, when defective, can make one look as though he's not making enough money at all. And unless addressed, such person will never attain financial mastery and independence, and hence fulfillment. That factor is Financial Habits.

No matter how much you make, if you fail to master your habits, you can remain very poor forever, never having enough. never breaking free from the financial slavery of spend-it-before-you-earn-it debt doom cycle. However, if you can cultivate the following seven habits I am about to unveil, the earlier the better for you. Even if you don't make more money, you will at least manage and apply the little you have to live a life of rest of mind void of many financial heartbreaks, uncertainty and potholes. These seven factors and habits will tell whether you are barely making a living or you are actually building wealth.

Below are the 7 ways you can boost your finance and possibly build wealth despite subsidy removal.

1. Living below your means
Living on less than you make is a critical approach necessary to building and maintaining wealth and financial stability. It also helps avoid debts big time. Spending as much as you make or even more than you make will definitely enslave you into an eternal gallows of a life cycle of make-it-spend-it cycle. One in which you are just one paycheck away from being broke, homeless, car-less, hopeless or even dead. That is not the best of lifestyles. You deserve to live a life of rest of mind and financial stability. Living on less will help you able to have money for other purposes life emergency savings, retirement savings, investments and many more that can help you look into the future with at least some rest of mind.

To achieve this, it is important to check your lifestyle and spending habit.Do you impulse-buy? Do you even have a budget for your income/salary?
"Poor people spend their money first and save what's left. Rich people save their money and spend what's left"
Those are words from the mouths of financial experts. To achieve this, you may need to simplify your lifestyle and also stop comparing yourself to others. Learn to be frugal and avoid all unnecessary luxuries that drain your pocket. This may involve going for an economy car or class, eat more at home rather than at expensive restaurants and other extravagant spending. You need to really control your spending. With this, you can be sure you save at least 10%, or even 30% of your income/salary every month.

2. Multiple streams of income
In finance and investment, it is a well known fact that you do not put all your eggs in just one basket. It can be hard to become financially independent on just one stream of income. For employees, if you lose your job, that may be the end of all income and you may be left broke or desperately looking for another job immediately, or you will be forced to dip into your savings. All these will definitely leave you broke or even in large debts in no time to pay your bills.

Having alternative sources of income tends to provide a financial cushion or shock absorbent in times of such distress. And also, multiple sources of income build wealth faster!

Great ways to build passive income or multiple/alternative income sources could be through side investments of side hustles. Some invest in rental properties that generate income. Some could try high yielding stocks. A side hustle has now become a great topic these days. Side gigs work best if they fit well into your time without stretching you too much, and its something you have skills knowledge and passion for, and that does not conflict with your current day job.

The best kinds of side hustles are what you love doing. Can you freelance? Affiliate marketing? Design logos or websites? Teach? There are numerous money-making opportunities out there that can fit right into your schedule and also fetch you good income. It is becoming more rampant these days that people end up resigning from their day jobs to face their long time side hustles 100% after realizing it makes them more income than a 9 to 5 does.

3. Let your money work for you
People who end up being wealthy in life do not work for money all the way. At some point, they put the money they have to work! And when you let money work without distracting her, she performs miracles. She multiplies herself!

Am I speaking in tongues? No. Only solid investment plans and actions create sustainable wealth. Salary will not take you there. A Yoruba adage says:

Day job (work) is for making a living. But investments (trade) makes one rich. (Ise omo alaseje, owo omo alasela!)

That is the truth! Rarely will you find a salary job that can take you to your financial dream of being independent and maybe rich. Work (salary) will only sustain you up until you have been well spent and your youthful vigor expended to the last drop by your employers till you reach retirement. And pray that your pension comes. Is that the best life to live? I bet you deserve better.

Accruing wealth requires real capital investments. This involves putting money into products and services to make profits while still not losing your investment seed. You may start a company or build a product which you market and sell.

Of course this requires taking calculated risk. But running away from the risk will jeopardize your financial future. Or compromise your dreams of becoming financially stable someday. Take calculated risks, and protect your investment with savings plan. Businesses thrive when you don't tamper with the working capital and especially when you plough back any profit into the business. That is why you need what I call the Rainy Day savings. This will support you in lean times without jeopardizing your investments. So, t a point real quick, let money start working for you. Invest.

4. Giving back
Fulfillment in life is not only about how much you have, but important is also how much you have given back and how many lives you have touched. I admire with awe learning of many American billionaires who make it a habit to give back by...

Source: https://www.aza.ng/subsidy-ways-boost-your-finance-and-build-wealth-t773.html

Lukepeter:
The one wey dey my area dey charge 10k for short time.

Must be Olosho joy then. Sorry.
10k for bat era?

All is well.

Is this a new trend?

Joy is not expensive

All these are money issues.

Great feature. privacy is key.

These are the ostentatious lifestyles and showoffs that negatively impact our youths and their view of money.

Don't get influenced. Don't hurry.

peteregwu:
Guy, if you are using payday app, just be careful. There is a scam alert on them trending on Twitter.

I don't like incomplete information. Payday will not just lock somebody's account if there's no complaint.

Maybe there's a dispute or the money inflow is to be recall3d or there's an investigation.

So, what's scam.alert got to do with this?

Well, I'm not affiliated to payday app, I'm only a finance orientation advocate from Aza.ng

Lwts get things right.

I am not understanding o.

Ballotelle:
Good day house, has any experienced job loss unexpectedly as a graduate and how did you cope during that period expecially when you have a family (labourer jobs are not even easy to come by), how did you cope with rejection, the emotional effect

Fall back on something you truly love. And if lucky, that thing could fetch money

Its strange.

Ask where toilet is, tell them you have hangover after clubbing all previous night, and that you're purging too. Tell them to wait for you.

Mind sharing what make up those debts?

What mess?

Continue

Godfatherism vs good governance

Gambling ruins

Get help

I thought this case is gone

Politics...

Insecurity, when will this end? We thought cashless will end hostage ransom stuff