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How do we stay financially afloat after a job loss?
That's why I advocate for building an emergency fund, with an emergency fund you can have a runway of over 6 months and you'll be just fine and you can chase and look for another job, without worrying yourself about running out of morning, I think it's a good strategy. Else, you can move in with youRead more
That’s why I advocate for building an emergency fund, with an emergency fund you can have a runway of over 6 months and you’ll be just fine and you can chase and look for another job, without worrying yourself about running out of morning, I think it’s a good strategy.
Else, you can move in with your parents or relatives for the mean time till you get another job and stabilize yourself.
See lessHow to improve my overall financial situation?
To improve your overall financial situation you have to audit your finances and figure out what's your income, is it through a job, or a business, investment dividends or what exactly. After you've audited that the next thing you should focus on is to build your savings and focus on starting anotherRead more
To improve your overall financial situation you have to audit your finances and figure out what’s your income, is it through a job, or a business, investment dividends or what exactly.
After you’ve audited that the next thing you should focus on is to build your savings and focus on starting another business if you don’t have any, it’ll help increase your income and make you more stable.
See lessHow to know how much will be enough to establish a business
It is called a feasibility study, whatever business you need to start, there is someone doing it already, so the best thing to do is to approach people in that business and see if you can learn from them and how much it'll cost to get started. Then you contrast it with how much you have and see if iRead more
It is called a feasibility study, whatever business you need to start, there is someone doing it already, so the best thing to do is to approach people in that business and see if you can learn from them and how much it’ll cost to get started.
Then you contrast it with how much you have and see if it’s enough else you’ll have to save more before you start up.
See lessWhat are some new age businesses one can try?
I think online business is a new age business you can try, there are a lot of online business ranging from web design, marketing, copywriting and drop shipping etc. These businesses are all online and if you can scale them, you can divorce them from your time easily, so you can try make some researcRead more
I think online business is a new age business you can try, there are a lot of online business ranging from web design, marketing, copywriting and drop shipping etc.
These businesses are all online and if you can scale them, you can divorce them from your time easily, so you can try make some research about them and try to start them, you might have to learn some skills though to get started.
See lessWhat qualities should I learn if I'm aspiring to be rich?
Be a reader and a learner, getting rich is not rocket science, it's achievable, it's like a mathematical equation, the higher the number of people you affect the more money you'll make another way is the magnitude of the people you affect too. In the case of the former, if you can sell to a millionRead more
Be a reader and a learner, getting rich is not rocket science, it’s achievable, it’s like a mathematical equation, the higher the number of people you affect the more money you’ll make another way is the magnitude of the people you affect too.
In the case of the former, if you can sell to a million people you’ll get rich and in the case of the latter, if you can sell a million worth of product or service to just 100 you’ll get rich.
See lessAt what level can I start earning from Instagram?
When you have build your followers to a substantial amount and also build your influence over time, brands will be reaching out to you to help them market their brands that's how Instagram is, you have to build the followership first though. So, build your followership, post engaging and entertaininRead more
When you have build your followers to a substantial amount and also build your influence over time, brands will be reaching out to you to help them market their brands that’s how Instagram is, you have to build the followership first though.
So, build your followership, post engaging and entertaining contents and then grow your followers one step at a time, create milestones to hit and in no time you’ll be good to go.
See lessDo i need someone's advice to start my business?
No, unless they are a professional and you regard their advise, when you are starting a business you are the one taking risk and also you're the one that'll bear the brunt whether you've make a good decision or not. Other people's input does not matter at all, at worse you fail and you learn from itRead more
No, unless they are a professional and you regard their advise, when you are starting a business you are the one taking risk and also you’re the one that’ll bear the brunt whether you’ve make a good decision or not.
Other people’s input does not matter at all, at worse you fail and you learn from it and try again and at best you succeed and enjoy your life.
See lessWhy did you retire early from your job?
People retire from their jobs due to different reasons, for example if you're in a career that you don't enjoy then it's only ideal to leave such kind and retire from them, if you don't enjoy your job, you're better off leaving for the sake of your mental health. Another reason is when you land a joRead more
People retire from their jobs due to different reasons, for example if you’re in a career that you don’t enjoy then it’s only ideal to leave such kind and retire from them, if you don’t enjoy your job, you’re better off leaving for the sake of your mental health.
Another reason is when you land a job that’s better than the one you’ve got, you can retire from the former.
See lessCan paying off debts build financial stability?
Yes, paying off debts helps you start on a clean slate, if you have debts it'll be hard to make any tangible because it'll be lingering at the back of your mind that you don't have autonomy on your finances. But by prioritizing your loans and giving yourself time to recuperate and start a new leaf iRead more
Yes, paying off debts helps you start on a clean slate, if you have debts it’ll be hard to make any tangible because it’ll be lingering at the back of your mind that you don’t have autonomy on your finances.
But by prioritizing your loans and giving yourself time to recuperate and start a new leaf it can offer you financial stability because all of the money you’re saving is yours.
See lessShould I wait to have 1million before starting my investment?
No, you shouldn't wait till you have a million naira, it's equivalent to saying I'm not losing fat till I get to 200KG, I think it's not being realistic and can make you be complacent and keep on postponing starting your own business. If you don't have up to the amount you projected, change your ideRead more
No, you shouldn’t wait till you have a million naira, it’s equivalent to saying I’m not losing fat till I get to 200KG, I think it’s not being realistic and can make you be complacent and keep on postponing starting your own business.
If you don’t have up to the amount you projected, change your idea, ideas come dimes a dozen and just get started to avoid wasting time.
See less