Volume 100
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Good morning ☀️
If you’re eternally curious about how money works in relationships, you’ll find this week’s dispatch tailored for you.
For example, the lady in this week’s #NairaLife gave up her career when she married in 2020. Now that she’s 100% dependent on her husband, what’s her life like? Without giving much away, she doesn’t feel any way about it. According to her, her life has never been better. However, she’s not leaving it to chance – she’s got a plan to keep it that way.
Let’s get into it.
In this letter:
- #NairaLife: The Stay-at-Home Wife Who Isn’t Joking With Her Safety Nets
- Dating in Kaduna on a ₦300k+/Month Filmmaker Income
- Aunty M: I’m a Student, and I’m Interested in Personal Finance but I Don’t Know Where to Start
- QUIZ:Take This Quiz, and We’ll Reveal Who Is Sponsoring Your Lifestyle
- Where The Money At?!
The #NairaLife of a Stay-at-Home Wife Who Isn’t Joking With Her Safety Nets
When asked if she’d ever return to the workforce, this 29-year-old stay-at-home wife responded, “What for?”
She doesn’t regret abandoning her career to start a family in 2020, but she’s now building two things just as important: buffers and safety nets.
Jollof+ is a cutting-edge savings app providing up to 21% net interest rate with no hidden charges. Designed to help combat inflation, Jollof+ offers personalized saving features, ensuring steady financial growth for users.
Dating in Kaduna on a ₦300k+/Month Filmmaker Income
Barbara fell in love with Stephen when he had just ₦30 to his name. Six years have now passed and he’s in a better place financially. But what expectations does she have of him and their relationship?
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Ask Aunty M with Reni
I am a fourth year student, and I’m interested in personal finance and financial literacy. I’m quite confused on how to start investing and suitable options for a student. I’m not a fan of saving; I believe investing is way more profitable. There’s also the decline of the naira to consider. How do I start investing and suitable/profitable options for a student? – Ade
I love your interest in personal finance! You’re doing well. There are so many ways to invest. You can invest in stocks, real estate, exchange traded funds, cryptocurrency, bonds, index funds, and in mutual funds, just to name a few. You have to choose the one that is suitable for your risk level. I’d suggest starting with the stock market and purchasing funds. Now, let’s break this down into five steps.
Step One: Educate Yourself. Before investing, learn the basics, including different asset classes, risk management, and investment strategies.
Step Two: Choose a brokerage account. In order to buy and sell stocks, you need to have a brokerage that facilitates that transaction. In Nigeria, you can consider Trove, Chaka and Bamboo, to name a few.
Step Three: Fund the account. Choose a realistic amount of your monthly salary that you can consistently invest. Is it ₦10k, ₦20k, ₦30k? Automate this transfer so that you’re always putting money towards your goals.
Step Four: Consider purchasing ETFs, which are funds created by a professional fund manager. There are a variety of funds available, and you can choose the one that works for you. A good place to start is a fund that tracks the S&P 500, the 500 largest companies in the United States.
Step Five: Sit back and monitor your portfolio. Remember, your money will fluctuate up and down in the stock market, but you are investing for the long term. You don’t make money until you sell, and you also don’t lose money until you sell. Have patience and keep your in for the long term.
I hope this works. Good luck.
Xoxo,
Take This Quiz, and We’ll Reveal Who Is Sponsoring Your Lifestyle
Where The Money At?!
We can’t say we’re about the money and not actually help you find the money.
So we’ve compiled a list of job opportunities for you. Make sure you share this with anyone who might need it because in this community, we look out for each other.
Again, don’t mention. We gatchu.
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All good things must come to an end. But not this good thing. We’ll be back next week.
In the
meantime, keep reading Zikoko’s articles and be sure to share the love.
See you next week…
Yours cashly,
Toheeb,
Zikoko’s ‘OG’ Mr. money
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