@AjanleKoko,
I think that's a good one there

@ Ajanlekoko,
I love your approach. That way, to get to have a constant flow of income, whilst also acquiring assets. Am I right? But, could you mention a few projects one could invest his cash into while on a job? (exclusive of financial markets).

^^
Depends on what is currently popular.
I have done stocks (and bled!), mutual funds, bonds, etc. Also have been doing property for a while.
Unless you work in investment banking or something of that nature, don't become a full-time speculator. It's not your job, so you won't be able to follow through. Find someone to do it, and make sure that you monitor the person more than the investment. I found it particularly tedious monitoring stocks when the boom was on, so eventually I used a trusted broker and paid him commission.

For career people (employees like me), start from acquisition of assets, then when you are spread in a reasonably stable manner over time, you can start investing in actual businesses. Which is what I am slowly starting to do now. People over time used to come to me to fund all manner of imaginative businesses, but I generally ignored them. At least an institution will insure your investment. An individual will not.

You have to have a portfolio of sorts, to start with. Invest a bit in stocks, a bit in bonds (bonds are big right now), mutual funds, take out insurance policies (they have some interesting products these days), do co-ops and 'ajo' in the office with trusted folks, etc.

Make sure you approach all these things with a short, medium and long term view, depending on which particular type of investment it is.
Generally stocks have a short term cycle, funds and bonds have a medium term value, then insurance and property have long term value. At least, that has been my approach.

Don't take a greedy man's view, and try to 'hammer' in some ponzi scheme. Most of the time you will lose money. I have never been involved in NOSPETCO, SEFTEQ, or one of those pyramid schemes, ever. I consider them to be an easy way to lose money.

For the last decade or so, I've always had a rolling facility from any of my banks, which I always sink into something. Sometimes it works, sometimes it doesn't work so well. But I always acquire something. I also do ajos and co-ops, primarily to raise cash for investment and other CAPEX expenditures. My objective is never to have enough disposable cash with me. I'd rather tie it up in one thing or the other.

Interestingly, I've never bought a car via finance, primarily because I don't want to be stuck with paying off on a car, after I'm already fed up with the car and looking to change. I guess I'm lucky to be in Naija. If na Jand, I no fit yarn that one.

The key thing, though, is to have information. When you have info, there will always be something to do with money. As I'm typing now sef, I am looking at a property opportunity, and thinking of how I can raise the cash. When there is a will, there is always a way . . .

Thanks for your enlightening response.

I believe the way money is spend, can also be control by individual.
Even if are salary is increase our way of spending will also
increase.