Invest in your retirement. Open a retirement account called "salary for life".

You can put money in a Money Market Fund

Whatsapp me let's talk: 08035042609

read the RICHEST MAN IN BABYLON and learn from it

contumely2:
I am a man in late 20's.
I grew up in lack. I suffered so much growing up. In fact, at a point the court had to eject us and threw our properties on the streets for inability to pay rent.

School fees were paid in instalments. Not like the fees were much even. But the funds were never there.


God has blessed me reasonably in the past few years. I made a lot of sacrifices too, denying myself pleasure, delaying gratification etc.

Lately, I noticed that I have been extravagant. Some of the extravagance is masked as charity to people.

I hardly say no requests and I empathise and pity people a lot.

If I lend money to 10 persons, only 3 will pay back.

I also buy some things on impulse; without planning. I regret some of these purchases later.

HOW DO I STAY motivated so as to save more to invest because the future is uncertain. And money is not always there?

I also understand that those we help may abandon us in time of need.

I don't want to learn the hard way.

Kindly share your experiences with grace to grass; or with people you helped in times of plenty.

Or your regrets with finances especially early in life.

Thanks!

OP, one thing I like about your post is this, you also answered the question you asked. Just stop doing the things you said you do. Period.

Invest in landed properties

contumely2:
I am a man in late 20's.
I grew up in lack. I suffered so much growing up. In fact, at a point the court had to eject us and threw our properties on the streets for inability to pay rent.

School fees were paid in instalments. Not like the fees were much even. But the funds were never there.


God has blessed me reasonably in the past few years. I made a lot of sacrifices too, denying myself pleasure, delaying gratification etc.

Lately, I noticed that I have been extravagant. Some of the extravagance is masked as charity to people.

I hardly say no requests and I empathise and pity people a lot.

If I lend money to 10 persons, only 3 will pay back.

I also buy some things on impulse; without planning. I regret some of these purchases later.

HOW DO I STAY motivated so as to save more to invest because the future is uncertain. And money is not always there?

I also understand that those we help may abandon us in time of need.

I don't want to learn the hard way.

Kindly share your experiences with grace to grass; or with people you helped in times of plenty.

Or your regrets with finances especially early in life.

Thanks!

Givers never lack, but you must give wisely.

For better financial security, buy land and start develop it, possibly, live in a part and rent out the rest.

50% of your problems are solved when you live in your house.

Use COWRYWISE app, then thank me later.

It automates your savings and add small interest between 10-15% per annum.

On the other hand, don't lend money to people unless you are willing to lose it.

Work on yourself first before helping others.

All the best in your journey

GrabHisBalls:
Sterling bank gives currently that I know of. Some other financial institutions use current account statement not exceeding 6months too.

Not only current
With savings statement you can get the sterling loan, you only need to open current account with them

contumely2:
I am a man in late 20's.
I grew up in lack. I suffered so much growing up. In fact, at a point the court had to eject us and threw our properties on the streets for inability to pay rent.

School fees were paid in instalments. Not like the fees were much even. But the funds were never there.


God has blessed me reasonably in the past few years. I made a lot of sacrifices too, denying myself pleasure, delaying gratification etc.

Lately, I noticed that I have been extravagant. Some of the extravagance is masked as charity to people.

I hardly say no requests and I empathise and pity people a lot.

If I lend money to 10 persons, only 3 will pay back.

I also buy some things on impulse; without planning. I regret some of these purchases later.

HOW DO I STAY motivated so as to save more to invest because the future is uncertain. And money is not always there?

I also understand that those we help may abandon us in time of need.

I don't want to learn the hard way.

Kindly share your experiences with grace to grass; or with people you helped in times of plenty.

Or your regrets with finances especially early in life.

Thanks!

One of the most guaranteed ways of escaping poverty forever asides hardwork and good investments is charity to the poor. You must stop lending money you are not sure of recovering. Direct them to licenced lenders and refuse to be their suretee.

contumely2:
I am a man in late 20's.
I grew up in lack. I suffered so much growing up. In fact, at a point the court had to eject us and threw our properties on the streets for inability to pay rent.

School fees were paid in instalments. Not like the fees were much even. But the funds were never there.


God has blessed me reasonably in the past few years. I made a lot of sacrifices too, denying myself pleasure, delaying gratification etc.

Lately, I noticed that I have been extravagant. Some of the extravagance is masked as charity to people.

I hardly say no requests and I empathise and pity people a lot.

If I lend money to 10 persons, only 3 will pay back.

I also buy some things on impulse; without planning. I regret some of these purchases later.

HOW DO I STAY motivated so as to save more to invest because the future is uncertain. And money is not always there?

I also understand that those we help may abandon us in time of need.

I don't want to learn the hard way.

Kindly share your experiences with grace to grass; or with people you helped in times of plenty.

Or your regrets with finances especially early in life.

Thanks!

You're almost like me aside from the suffering and lending part. I'm here to learn too. Although I save but I feel it's not enough.

RaphaellaDD:
OP, you need to keep detailed records of your expenses. You can download an expense tracker (I use daily expenses 3) and input all income & expenses. This way, you'll be able to see where your money is going more clearly. By the time you see the exact amount you used to do father Christmas, you'll slap yourself and cut down on it .

Also, you should decide on a minimum percentage of your income that you'll save/invest and when you get cash, send it away. You can lock it in an investment like the AXA Mansard MMF or others (I mentioned that because that's what I use).

Finally, with the way our wonderful economy is going, swapping free cash for dollars is a good idea and the chances of you dashing out dollars is lower....I hope

I hoped you keep the USD in a dorm account tho

Stay away from girls that offer you romance for money.

GrabHisBalls:
I learned this a bit late, though, not too late. If you have above 100K lying dormant in your savings account, then you're not smart enough to know that the money being kept in savings account doesn't yield interest. You're simply helping the banks without getting help for yourself. Get a current account rather, make sure that big transactions go through your current account. The reason for this is, you could use your current account bank statement to secure a loan going by how frequent funds pass or go in there even on a zero balance. Your savings account can't give you this privilege and should be used for your day-to-day transactions.

Secondly, who said 'investments' are for the rich? Go to any Merchant Bank, there are portfolios you could use for as low as 5k monthly investment. They'll also put you through in owing 'shares' and more.

I don't pray I get a loan.

#is slavery

pocohantas:
OP, you have been through a lot and that has made you connect with the empathetic side of you a lot. Humans like your type, they take advantage of your type, they emotionally blackmail your type...

Somehow they don't know you give just because it is who you are. They think you are "mugu" or one with few responsibilities. Been there, done that...not anymore.

You need to learn to say NO and mean it. Before they tell you their problems, start telling them yours. Buhari is still the President abi?

Look around and you might identify a need that can enable you diversify. There is real estate and if you are looking for how to invest your "cash"- look beyond (Tier 1) commercial banks. They don't encourage such. Other financial houses, including MFBs are your best bet.

Also be careful of the kind of woman you let into your life. All these new-generation slaykwins that live for the moment are very bad for a struggling young man.

I learnt this the hard way. I got into a relationship that completely ruined me now i got less than 10k naira in my account unlike before i had close to 500k in my account before i got into one over clingy relationship even up till today my stupid self is still yet to break up tho she graduated already I'm waiting for her to move away from school area then i black her out completely.

I bleeped up. Relationship is really expensive for a struggling guy. I got up to 150k debts on my neck now and i can't ask my parent for money anymore cos I used to help them even help my younger ones in school and my other brothers when they got any problem that i can assist. They think I'm able to take care of myself now i. Can't imagine myself calling my mom to ask her for 2k chaii i no fit o.

I'm back to square zero I'm just in school with nothing.

I ruined my life myself instead of us to just sex the sex we actually wanted i went to stupidly ask her out.
This life sef

Oh u yet to hear Billing from different people dey kill person...well I guess I have learnt early in life to give only when you're financially stable else the helper and the helpee will both fall..No be curse...Don't you know when you give 10 people 2k each thinking na small money it amount to 20k?? and even those people you helped wouldn't still know things you denied yourself to help them...

Guy Face front,help yourself well and when you are financially balanced then no harm in helping people as much as you want...Else RIP in advance Oninuire

To help you save for the future. Take two passport photographs and a valid means of ID (that has your current address on it - optional though) and proceed to any branch of Stanbic IBTC Bank. Tell them you want to invest in Stanbic IBTC Money Market Fund and they will give you a form to fill. Fill it in details and make sure your email address is well captured (that will be your major means of communication with them).

They will take the form and other documents (passport and valid ID) and proceed to generate an E-account number for you. It will be communicated to you via mail. Transfer to the bank account details they advised you (check your form, it's there, I think page 3 or 4) using your E-account number as your narration (no addition no subtraction). If your transfer was done before noon, you will receive value in your mutual fund's account that day, otherwise, the next day.

Your login details will be sent to you via mail. Lookout for the mail and proceed to change the login password/passcode to your preferred one. Anytime you have any spare money, follow the same transfer process and top up your investment (invest more) by transferring the money to that same Stanbic IBTC money market fund account details on the form (save it as a contact to make it handy to you) using your E-account number only as your narration. Always sit back and watch your investment grow.

Remember to come back and thank me later�

Am currently going through this right now. I just can't say no to people.
I found out nobody turn up to help me whenever am cash strapped and these people i help don't check on me unless they need my money.

Axa Mansard money market investment is better

contumely2:
I am a man in late 20's.
I grew up in lack. I suffered so much growing up. In fact, at a point the court had to eject us and threw our properties on the streets for inability to pay rent.

School fees were paid in instalments. Not like the fees were much even. But the funds were never there.


God has blessed me reasonably in the past few years. I made a lot of sacrifices too, denying myself pleasure, delaying gratification etc.

Lately, I noticed that I have been extravagant. Some of the extravagance is masked as charity to people.

I hardly say no requests and I empathise and pity people a lot.

If I lend money to 10 persons, only 3 will pay back.

I also buy some things on impulse; without planning. I regret some of these purchases later.

HOW DO I STAY motivated so as to save more to invest because the future is uncertain. And money is not always there?

I also understand that those we help may abandon us in time of need.

I don't want to learn the hard way.

Kindly share your experiences with grace to grass; or with people you helped in times of plenty.

Or your regrets with finances especially early in life.

Thanks!

Consider Federal government bonds and savings bond .
Treasury bills
Mutual funds . ETC

contumely2:
I am a man in late 20's.
I grew up in lack. I suffered so much growing up. In fact, at a point the court had to eject us and threw our properties on the streets for inability to pay rent.

School fees were paid in instalments. Not like the fees were much even. But the funds were never there.


God has blessed me reasonably in the past few years. I made a lot of sacrifices too, denying myself pleasure, delaying gratification etc.

Lately, I noticed that I have been extravagant. Some of the extravagance is masked as charity to people.

I hardly say no requests and I empathise and pity people a lot.

If I lend money to 10 persons, only 3 will pay back.

I also buy some things on impulse; without planning. I regret some of these purchases later.

HOW DO I STAY motivated so as to save more to invest because the future is uncertain. And money is not always there?

I also understand that those we help may abandon us in time of need.

I don't want to learn the hard way.

Kindly share your experiences with grace to grass; or with people you helped in times of plenty.

Or your regrets with finances especially early in life.

Thanks!

I will suggest to you what was also suggested to me and has worked till date. The only time it didn't work was when I didn't follow it.

1. Have a target savings plan (Ecobank helps me with this with the Ecobank Target Savings Account). It is like the normal savings account, with higher interest rate and a little restrictions on withdrawals to encourage savings.

2. When you receive money (either salary or however form of income), take out what you intend to save and credit that account immediately. Better still, activate a direct debit/standing order on your account such that at a given time at regular intervals, so so amount of money is taken to your Target Savings Account.

3. Whatever is left, plan your month with. That way you know that however way you want to spend, your savings is already intact somewhere yielding profit.

I have noticed that you CANNOT SPEND WHAT YOU DON'T READILY HAVE ACCESS TO. And even if you can, it will be your last resort.

greenlilly:
Axa Mansard money market investment is better

I prefer federal government savings bond.
Because they’re not so liquid

You have to be very disciplined while doing this .
First of all have a monthly budget for expenses and savings... Save atleast 15% of your earnings every month and 5% emergency savings for unforeseen circumstances.
Secondly look for investments that you can pay monthly premiums (5k and above ) which will yeild you income when the duration expires in the case of Savings Plan and Investment plans or you could open a Mutual fund account with SIBTC, ARM investments etc. That way you can have money when you are old (50yrs and more) similar to a conventional Pension Plan.

Do you know that investing 500k (one time payment) now with a Investment Company will yeild up to #1.5m (based on todays interest rate) in the next 10yrs.

contumely2:
I am a man in late 20's.
I grew up in lack. I suffered so much growing up. In fact, at a point the court had to eject us and threw our properties on the streets for inability to pay rent.

School fees were paid in instalments. Not like the fees were much even. But the funds were never there.


God has blessed me reasonably in the past few years. I made a lot of sacrifices too, denying myself pleasure, delaying gratification etc.

Lately, I noticed that I have been extravagant. Some of the extravagance is masked as charity to people.

I hardly say no requests and I empathise and pity people a lot.

If I lend money to 10 persons, only 3 will pay back.

I also buy some things on impulse; without planning. I regret some of these purchases later.

HOW DO I STAY motivated so as to save more to invest because the future is uncertain. And money is not always there?

I also understand that those we help may abandon us in time of need.

I don't want to learn the hard way.

Kindly share your experiences with grace to grass; or with people you helped in times of plenty.

Or your regrets with finances especially early in life.

Thanks!

Akpan107:
Givers never lack, but you must give wisely.

For better financial security, buy land and start develop it, possibly, live in a part and rent out the rest.

50% of your problems are solved when you live in your house.

I heard you can get a dry land for 150k in ogun/sango. How true is this?

Goddys:
Giving to charity will never make a man poor even if you give out half of what you own. This is one thing I am so sure about. Fight the battle spiritually and gather the spoil physically. Life isn't by struggle

/
It is simple.

Divide your wealth into two. Give half to charity and the other half as tithe.

You will become wealthier overnight.

Some of you have no business coming close to money.
\

[quote author=contumely2 post=83318466]I am a man in late 20's.
I grew up in lack. I suffered so much growing up. In fact, at a point the court had to eject us and threw our properties on the streets for inability to pay rent.

School fees were paid in instalments. Not like the fees were much even. But the funds

God has blessed me reasonably in the past few years. I made a lot of sacrifices too, denying myself pleasure, delaying gratification etc.

Lately, I noticed that I have been extravagant. Some of the extravagance is masked as charity to people.

I hardly say no requests and I empathise and pity people a lot.

If I lend money to 10 persons, only 3 will pay back.

I also buy some things on impulse; without planning. I regret some of these purchases later.

HOW DO I STAY motivated so as to save more to invest because the future is uncertain. And money is not always there?

I also understand that those we help may abandon us in time of need.

I don't want to learn the hard way.

Kindly share your experiences with grace to grass; or with people you helped in times of plenty.

Or your regrets with finances especially early in life.

Thanks!
Read this book by T Harv Eker " secret of millionaires mind".

RaphaellaDD:
OP, you need to keep detailed records of your expenses. You can download an expense tracker (I use daily expenses 3) and input all income & expenses. This way, you'll be able to see where your money is going more clearly. By the time you see the exact amount you used to do father Christmas, you'll slap yourself and cut down on it .

Also, you should decide on a minimum percentage of your income that you'll save/invest and when you get cash, send it away. You can lock it in an investment like the AXA Mansard MMF or others (I mentioned that because that's what I use).

Finally, with the way our wonderful economy is going, swapping free cash for dollars is a good idea and the chances of you dashing out dollars is lower....I hope

Seconded and thirded. For budgeting, I like to use the "pay yourself" model, where from your paycheck:

10% is saved where you can reach it easily in case: savings account. Don't leave it in your current account. This is short term emergency savings. You want to keep adding to this year after year so if you were to lose your income, you can draw from this. Ideally you need at least 6 months of upkeep saved here. Logically, it will take 30 months (6x50%/10%) to save 6 months worth of expenses, so start this ASAP.

20% is invested where you can't easily cash out: buy dollars, land, treasuries etc. This is long term savings to retire on. Even in hard times, do not sell this, that what your 6 months emergency fund is for.

10% is tithed or used for charity. Use this - and only this - for giving away. Don't loan people money, only give what you can give away and forget. You might put this in its own savings account. This is the only place for money to friends, family, or whoever.

10% is for extravagant/impulse spending on yourself (including wife and kids if you have them). Don't tap your savings or investments for this expenditure. It can help to withdraw this money and keep at home for the month. When this money is gone, that's it till next month.

50% is for your upkeep. Housing, feeding, transport, clothing, school fees, etc. The nice thing is after you've removed 50% for saving, investing, tithing and splurging, you're forced to live within this 50% without needing to budget too much.

When you "pay yourself" by saving/investing 30%, you can use the rest without any guilt. Your background makes you empathetic... and you can do so freely without hurting your future self by putting it away as soon as it enters your account.

pocohantas:
OP, you have been through a lot and that has made you connect with the empathetic side of you a lot. Humans like your type, they take advantage of your type, they emotionally blackmail your type...
Okomehow they don't know you give just because it is who you are. They think you are "mugu" or one with few responsibilities. Been there, done that...not anymore.

You need to learn to say NO and mean it. Before they tell you their problems, start telling them yours. Buhari is still the President abi?

Look around and you might identify a need that can enable you diversify. There is real estate and if you are looking for how to invest your "cash"- look beyond (Tier 1) commercial banks. They don't encourage such. Other financial houses, including MFBs are your best bet.

Also be careful of the kind of woman you let into your life. All these new-generation slaykwins that live for the moment are very bad for a struggling young man.

[color=#990000][/color]
Thank you dear. God bless you with this kind of advice. You should be a mature mind

contumely2:
I am a man in late 20's.
I grew up in lack. I suffered so much growing up. In fact, at a point the court had to eject us and threw our properties on the streets for inability to pay rent.

School fees were paid in instalments. Not like the fees were much even. But the funds were never there.


God has blessed me reasonably in the past few years. I made a lot of sacrifices too, denying myself pleasure, delaying gratification etc.

Lately, I noticed that I have been extravagant. Some of the extravagance is masked as charity to people.

I hardly say no requests and I empathise and pity people a lot.

If I lend money to 10 persons, only 3 will pay back.

I also buy some things on impulse; without planning. I regret some of these purchases later.

HOW DO I STAY motivated so as to save more to invest because the future is uncertain. And money is not always there?

I also understand that those we help may abandon us in time of need.

I don't want to learn the hard way.

Kindly share your experiences with grace to grass; or with people you helped in times of plenty.

Or your regrets with finances especially early in life.

Thanks!

Self-discipline.
Read more from Brian Tracy's book on self-discipline.