₦airaland Forum

You see that risk of someone "vanishing" thats what i cant handle. At least banks are insured by the NDIC. I still have hope incase the bank folds. Where will i find hope with Ajo?

Thomaz31:
Honestly, it really depends on the person running it, but personally, I wouldn't risk heavy cash with an individual collector unless you've known them for years and know where they live. I tried a neighborhood circle once years ago and everything went fine because everyone knew each other, but a friend of mine lost a whole month's salary when the collector suddenly vanished with everyone's cash—these days, I'd rather stick to verified cooperative apps or a normal bank account just for the peace of mind.

ayoncox:
I already know where I can get $1m will use 30% of the money to do paper work. Will bank that on the 1 m USD first

You already know keh? Show us the way too

When last did you enjoy this employee benefits? Abi are you still paying out of pocket?

When an employer can afford to pay a health insurance premium for you and you decide you don't need it, I really do not know the type of prayer point to raise on the alter for you!

How can you leave money on the table like that? For who? The HMO providers to get richer?

Panadol economy will not save you, so retrace your steps before it's too late because 1 mad heath bill can clean up your entire life's savings.



https://www.youtube.com/watch?v=OI5Md08SsD8

valid!

To each his own, abi?

Adasun:
I go first go Ghana go think of how to spend the money

Spending on your girl or spending on your guy is not exactly the issue. That's a thoughtful thing to do.

The issue here is people who do not share the same money ideologies getting into a relationship. When one is trying to build a future, the other just wants to "Jaiye ori e"

Do you get me?

I like gifts too but this is not about gifting.

Leemzyy:
Spending on your Girl actually do bring blessings, so I don't know what you guys are saying
Don't discourage the sweet men out there please 😒😏

You can spend years building your finances, only to watch your progress disappear because of the person you choose to build a life with.

It's not always about how much your partner earns. It's about spending habits, debt, financial discipline, family obligations, and whether you share the same goals.

Love is important, but have you considered the financial implications of choosing a life partner?

I discussed the financial red flags to watch for before marriage in my latest video.

🎥 Watch here:

https://www.youtube.com/watch?v=skixaZ_Q1yE?si=jU-yDTZrVUqv3XeN

Let's discuss: Can the wrong partner ruin your financial future?

It's not a modern dating thing o.

Its people who are wreckless or careless with money. They will wreck themselves and wreck you too. Kai!

Silentgroper:
Ideally, it shouldn't .. but modern dating will wreck you ..

You can spend years building your finances, only to watch your progress disappear because of the person you choose to build a life with.

It's not always about how much your partner earns. It's about spending habits, debt, financial discipline, family obligations, and whether you share the same goals.

Love is important, but have you considered the financial implications of choosing a life partner?

I discussed the financial red flags to watch for before marriage in my latest video.

🎥 Watch here:
https://www.youtube.com/watch?v=skixaZ_Q1yE?si=jU-yDTZrVUqv3XeN

Let's discuss: Can the wrong partner ruin your financial future?

You can spend years building your finances, only to watch your progress disappear because of the person you choose to build a life with.

It's not always about how much your partner earns. It's about spending habits, debt, financial discipline, family obligations, and whether you share the same goals.

Love is important, but have you considered the financial implications of choosing a life partner?

I discussed the financial red flags to watch for before marriage in my latest video.

🎥 Watch here:
https://www.youtube.com/watch?v=skixaZ_Q1yE?si=jU-yDTZrVUqv3XeN

Let's discuss: Can the wrong partner ruin your financial future?

You can spend years building your finances, only to watch your progress disappear because of the person you choose to build a life with.

It's not always about how much your partner earns. It's about spending habits, debt, financial discipline, family obligations, and whether you share the same goals.

Love is important, but have you considered the financial implications of choosing a life partner?

I discussed the financial red flags to watch for before marriage in my latest video.

🎥 Watch here:
https://www.youtube.com/watch?v=skixaZ_Q1yE?si=jU-yDTZrVUqv3XeN

Let's discuss: Can the wrong partner ruin your financial future?

Imagine checking your bank account and seeing ₦100 million you weren't expecting. No loan. No debt. No hard work to earn that particular money. Just sudden wealth.

What would be your first move?

Would you buy a house, start a business, change your lifestyle, take care of your family, or invest the money?

Interestingly, some people have won lotteries, inherited huge fortunes, and stumbled into wealth, only to lose everything years later, some? Even days later. How does someone become rich overnight and end up broke again?

I made a video exploring this question: Managing Sudden Wealth: What Will You Do With FREE MONEY?

But I'm more interested in hearing from you.

Let's be honest. With the cost of living, family responsibilities, and the pressure to make it in Nigeria, sudden wealth can be both a blessing and a serious test.

If ₦100 million entered your account today, what would you do first, and why?

Would you tell your family and friends, or keep it secret?

Let's discuss. 👇

🎥 Watch the video here:
https://www.youtube.com/watch?v=x21TT1q5bS4

#MoneyManagement #SuddenWealth #FinancialLiteracy

Esusu, popularly known as Ajo in many parts of Nigeria, has been around for generations.

People contribute money regularly and collect a lump sum when it is their turn.
For some, it is a convenient way to save money. For others, the arrangement comes with risks, especially when trust is the only thing holding everything together.

But how safe is this traditional savings system in today's Nigeria? Is Ajo still a smart way to save, or are there things people should think about before joining a contribution group?

I'd like to hear from people who have participated in Ajo or Esusu. Has it worked well for you? Or did things go wrong? Have you ever experienced a problem, or would you rather keep your savings in a bank?

Please drop your comments and help engage on the video as well.


https://www.youtube.com/watch?v=_jKBc8Z-DJc?si=s2FSHy3wQKxP7AHX

Every other year, another scheme emerges promising people unusually high returns on their money. People invest their savings, invite friends and family, and hope to make it big. Then, eventually, many lose their money.

Ponzi schemes are not new, yet they keep returning in different forms. Why?

Is it greed? Financial pressure? The desire to escape poverty? Or are these schemes simply very good at convincing people that this time will be different?

Why do you think Ponzi schemes continue to attract people, despite everything we've seen?


https://www.youtube.com/watch?v=VEVkNor0SWs?si=uZIxBABz97xTr3sF

Have you ever woken up on a Monday morning and wished you didn't have to go to work? Or stayed in a job that drains you because you honestly cannot afford to leave?

Sometimes, it's not that we love our jobs. It's that we have bills to pay, people depending on us, and financial responsibilities that won't disappear just because we resign.

The truth is, quitting your job costs money, and staying employed may be the only practical option until you've built enough financial security to leave.

The two questions we need to answer before making that decision:

1. Do I have what it takes to leave this job?
2. Can I actually afford to quit?

I'm curious to hear from other salary earners.
Are you staying in your current job because you genuinely want to, or because you cannot afford to leave yet?


https://www.youtube.com/watch?v=lDnziFTv034

Lol I agree quite frankly.

It's a sarcastic statement. Since we don't want to agree that economy or not, bad or good, bad money habits will forever leave us broke, then we should agree that its the economy and try to fix our money problems if thats the only thing that we can agree on.

Jakarta:
Even when fuel was 50kobo per litres our forefathers still complained of high living cost. Stop giving people false hope for being careless with money.

This is unfortunately, the honest and saddest reality of a lot of us.

suckmedownthere:
When I lost my job I saw myself starving for food and I had to learn the hard way that everyone for himself family did not even send me father mother brother sister all turned their backs on me. After I got another job they came smiling at me I was like una go expect tire,, me way nobody send me, till date I spend and save for my future...

Thank you!

mctech:
Cultivate the habit of giving no matter your earning. Whatever you can afford from recharge card to food etc. People are really struggling out there.

However, be principled in your giving.
I don't give to career beggars even if the person is deaf, dumb, blind and crippled.


Apart from my parents, wife and children, no one is automatically entitled to my money. I give what I can when I can and always pray that God helps me as there are some children whose mother was good to us at a particular trying time who I really hope to support in a major way

In all,

1. Give to deserving people so that you can continue to receive from God.
2. Empower people so they don't be on your neck for life.
3. Plan your life. If they suck you dry, they will take their pilgrimage to the door of the next person that has.
They can't help you.

Jtownperspectve:
I am facing this problem, seriously, sometimes I am scared to pick certain phone calls.
My inlaws believe I am the god answered prayers.

Once upon a time, I used to take payday loans to help relatives (friends/family)

I stopped picking calls and heard they were saying I was stingy. I stopped picking because I didn't know how to say no. If I pick, I must look for a way to solve their problems.

Your salary finishes before month end? I apologize for shouting before.

Let's talk about the rising cost of living, money struggles, and giving yourself some grace, abi.



https://www.youtube.com/watch?v=IXqFJIF9aUA

When an employer can afford to pay a health insurance premium for you and you decide you don't need it, I really do not know the type of prayer point to raise on the alter for you!

How can you leave money on the table like that? For who? The HMO providers to get richer?

Panadol economy will not save you, so retrace your steps before it's too late because 1 mad heath bill can clean up your entire life's savings.


https://www.youtube.com/watch?v=OI5Md08SsD8

This is very profound. Your examples are quite interesting and I honestly appreciate your take.

Thank you

I like

itzadorable333:
Family is first and last. However a family that does not appreciate you when you don't have won't appreciate you when you have. And a family that appreciates you when you don't have, will also appreciate you when you have. Understanding and Loyalty are not bought with money. A family that respects, understands and is loyal to you does so whether you are poor or rich. What you owe your family is loyalty and duty. Loyalty is always within your power so it should not lack. Duty, on the other hand, is not always within your power because duty requires means to fulfill it. And the financial/economic means has a huge share in the ratio of means. And this is not always in your power. Now you, in fulfilling your duty, are the best person to know how huge or how small your means are for you alone are earning it. And You alone know the size of your obligation, in the family duty quota. You alone know, how many other plans you have for yourself and for your family ( if at all). In fact you alone are wearing the shoe. If your shoe size is 48 and what you have is 45, if you decide to manage the 45 and endure the pain because you are currently preparing to acquire 48 or 50 in the future. It's all good, all your toes and your heels have to do are to acclamatize to the condition, they don't have to understand your choice or decision. And if you decide to acquire the 48 now by any means maybe due to the volume of complaints (pain) coming from your feet region. It's still all good, so far you get the means and it all ends well in the end for you, the new shoe and your feet.
Simply put, you hold the yam and the knife. You decide how it's cut, for the greater good (i.e both your personal good & the general good- in your case, family).

Stephen0mozzy:
Till today, nobody from my family knows my salary.

If they don't know your salary, they can't raise their expectations or feel entitled to asking more than you give.

You need to stand well before you can help another person stand. This doesn't mean you should be stingy, it just means you should be calculative in disbursing your earnings - always, always work within a budget.

Have a budget for what you give to parents, to siblings. Random gifting only comes if you get money from side hustles.

Also the first time anyone shows entitlement to your money, block them - good parents will never do this though.

Secondly, nor to dey show off. If you dey struggle, but dey show off with lifestyle wry pass your net worth, then you dey find trouble... To attract parasitic expectations.

"You need to stand well before you can help another person stand." This lineeeeeeeee

https://www.youtube.com/watch?v=T2feNG4x9uw?si=lpB7RCc-nhIPPnEc


I did a youtube video about this

I have "over-reasoned" the matter

I have been thinking about something that I believe many salary earners can relate to.

Sometimes, once people know that you have a good job, they automatically assume that you have money.

You become the person they call when school fees need to be paid, when someone needs urgent assistance, when there is a family problem or when an unexpected bill comes up.

And honestly, helping people you care about is not a bad thing. Most of us want to be able to support our parents, siblings and other loved ones.

But there is something people don't always consider: earning a good salary does not mean that all your money is available to spend.

You have your own bills, savings goals, responsibilities and plans for the future. Some of us are also trying to build a life that will make us less financially dependent on our salaries someday.

The tricky part is that when you start saying no, people may think you have changed, become proud or forgotten where you came from.

Meanwhile, you may simply be trying to make your own money last until your next payday.

So I want to ask:

1. Do you think earning a good salary automatically makes someone responsible for helping extended family?
2. Have you ever had to choose between helping someone and meeting your own financial goals?
3. How do you set boundaries without damaging family relationships?

I'd genuinely like to hear people's experiences, especially from those who support family members while trying to build their own financial future