₦airaland Forum

annoymous:
These are all so true but not all of them are relevant to nigerian youths.

for anyone interested in investing, you should read "The intelligent investor" by Graham

5. Establish a Side Hustle
Even if you're working full time, you probably have a few extra hours in your week when you could be earning a little more money.Think of how much faster you could get out debt or build your savings by earning an extra $500 or $1,000 a month through a lucrative side hustle.

There's only so much you can trim your budget or slash your expenses, so
sometimes it really is about earning more money. Often, a side hustle can turn into a full-time career that you love. My fellow financial blogger Kali Hawlk transitioned from a day job to being a full-time
freelancer in just a year .

6. Protect Yourself and Your Stuff
No one enjoys thinking about worst-casescenarios -- but part of being responsible with your finances is looking into what kind of insurance is appropriate for your situation, and protecting your family and your assets should anything happen to you.

If anyone relies on you financially, you need life insurance for those dependents. (I highly recommend that millennials getterm life insurance coverage, not whole life .)
Also, make sure you sign up for
disability insurance through your
employer to protect yourself in case you can no longer work. If you own home, insuring it is essentially mandatory, but if you rent, you should protect yourself and your stuff with renter's insurance. (it's cheap, too.)

You should also look into estate planning, even if you don't think you have enough assets to warrant it. You likely have more than you think. And if you were to pass away without a will, everything would be settled in probate by a judge who will have no way to know for sure what you'd really want. If you want to have some say in what happens to what you leave
behind, spend a few hours with a lawyeror some will-writing software, and make your wishes clear.

3. Get Your Full Company Match
Think you're too young to save for
retirement? You're never too young to
think about securing financial stability for your future. Take advantage of any
employer-sponsored accounts you have access to, like a 401(k), 403(b) or SIMPLE IRA. Contribute at least enough to secure the employer match if it's offered. Thatmeans if your employer will match 50 percent of the first 6 percent, you better be contributing 6 percent so that you get that 3 percent from your employer.

There aren't a lot of legitimate
opportunities in life to get free money,
and a company retirement plan match is one of them -- don't pass it up. You can't go back and get your match later on, so take advantage of it every year it's available to you.

4. Max Out Your Roth IRA
But don't stop there: you can open your own Roth IRA, too. Individual retirement accounts come in traditional or Roth versions. You can contribute up to $5,500 in 2014 if you're under 50. This breaks down to about $458 per month. Don't worry if that seems like too much to put away. Save what you can -- even if it's just $50 or $100 per month -- and harness the power of compound growth while you're young.

Are you twenty-something who feels
overwhelmed by your personal finances?
You're not alone. When you're just
starting out and learning to manage your money, there's a lot to learn and many
milestones to work toward. How do you know what to prioritize? What should you accomplish first?
Use this as your guide to goals. Gaining these achievements will put you in a great position for financial success throughout the rest of your life. If you're in your 20s, start working now to accomplish these six money goals.

1. Aim for a Positive Net Worth
Many people are graduating from college and starting life with a negative net worth. Between consumer debts and the heavy burden of student loans, Gen Y needs to repay a lot of borrowed money.
If you have credit card debt or student
loan debt, create a repayment plan. You
can use free tools like ReadyForZero to
help you. Aim to pay off your highest-
interest rate date first; that's the one
costing you the most money each month.

By paying off debt you'll increase your networth. (Here's how to calculate your net worth if you're not sure).
The other way to move your net worth
toward a positive number is by increasing your assets. I recommend you do this in two ways: save money for emergencies
and invest money for your future.

2. Have an "Oh Shit!" Fund of at Least
$1,000 Life happens, which is why you need emergency savings. Or as my friend likes to call it, her "Oh shit!" fund. This is the
account she dips into whenever
something unexpected causes her to use the above phrase. This is a cash savings reserve that you set aside to handle unexpected expenses and financial emergencies -- without busting your
budget that month or putting yourself
into debt to cover costs.
Start by saving $1,000. This will cover a car repair, doctor's bill, vet bill, etc. Then work towards three to six months of your net pay. Set up an automatic contribution to your savings so that you don't clean out your savings completely if you have to dip into it.

Source-- www.dailyfinance.com/2014/09/30/6-money-goals-you-should-conquer-in-your-20s/

Geniusvic:
Hmmm thanks
How does dat wrk??
Enlighten me

robosky02:
keshi only see players that score 1 goal in 30 matches

SaintChukz:
@ Op...i think in one full swoop you have succeeded in contrasting your own opinion in the initial post. In the opening line you opined that -no knowledge is wasted appears to you as axiomatic and as arguably sacrosanct, and in your last line statement you then went on to say that it would be stellar to have a "smattering" of many things. Now, with emphasis on the word "smattering", i'm trying hard to figure out how you would have done that if no single amount of time was put into it to gather the little knowledge you termed "smattering". Mind you the knowledge of a thing doesn't have to be acquired in full for you to term it actual knowledge. You also opined that having a particular knowledge of a thing that has no modicum or bearing on what the future tends to hold for you is sheer waste of time because you may never get to use it. I would say you were wrong there in that assertion because, how would you actually get to know what lies ahead of you when you haven't even gotten there? Or do you have a foreseer gift of telling what the future will bring? In my own candid opinion, i would rather opine that no knowledge is actually wasted until it is left unused. It has to be so because you never can tell when that little "survival skill" you garnered at one time or the other would become very handy to you at a critical point in your life, so i would rather not dismiss any knowledge no matter how irrelevant it may seem at a particular time on the premise that it is never going to be useful to me, when i know we all live in a constantly dynamic world. Finally, i think it is best to make myself feel "important" at any particular stage in life rather than feel "impotent" at a near unforeseeable stage in the future.

Tallesty1: Same Here


I played her song inside my small poultry farm and the egg layers didn't lay egg for months.

It will never happen again.

HKCOMPANY: You are joking right it is written one day the will come to us seeking employment ,like this one.

thewarrior72: Many holes & deviations in that report. Instead of giving honour & respect to Nigeria the keep twisting the fact...smh

Nigerdeltaboi: I heard Barack Obama has called Goodluck Jonathan at least 12 times today for guidance on preventing an Ebola Outbreak in the USA........... and Goodluck was like : I am busy at the parade ground

mack2: Obasanjo is too Old,
he should retire
Obasanjo has no university
degree when he was
president, this are
certificate course those day

modestdude: Have you gotten your own certificate? I don't think so. Go get yours first before we can understand your last sentence.

ProfCorruption: OritseBlingBling is still preaching.

The Second Reading, taken from Mark
4:34-41, was taken by the President of
the Senate, David Mark.

Justeenaleo: Use helmet nd hand gloves

SLIDEwaxie: If anyone is still thinking that that slow-thinking-hat-wearing-ugly-smile son of a fisherman will probe anybody, be disappointed in advance!

I wonder how corruption wasn't included in his middle name!

If he comes out on national TV and say, $34billion was used in buying 10 high sophisticated pistols for the army, don't laff! He was not trying to be funny either!

ayusco85: Trust me ur not far from the truth. Beats my imagination too why APC don't commend Nigerian Army. This stinks I tells ya

emmyrichie: For the 1st time in a longtime... They are feeling the FRESHNESS of the air of transformation.

englishmart: Hmmmm!

The last time I came second in my class, my Dad nearly disowned me.