Hello nairaland.

So I'll make this post short and straight to the point.

I'm a 21 year-old undergraduate affected by the ASUU strike and thanks to God I have been able to start making some cool money in tech. I want to ask you all what financial advices or investment tips you would give any one in their early twenties so they don't wreck themselves.

I need suggestions and recommendations on how to save and multiply my cash because I can feel the temptation to start spending for things I wouldn't need on a normal day. Your suggestions can be books, apps or tips that can help me become prudent and financially enlighthened.

Thanks to you all for your inputs.

Dear mods, please help send this to the front-page for wider reach. I'll appreciate every useful comment this post can get.
Mynd44
Lalasticlala
Nlfpmod

U make sum money in tech what kind of advice do u need again

Improve your tech skills more and more.
And if you can save more money to buy landed property.

DOUBLEWAHALA:
U make sum money in tech what kind of advice do u need again

Making money is one thing. Keeping and using that money is another thing entirely. Not knowing how to do the latter can be very disastrous.

Toneypen247:
Invest in a business and continue with your tech

He wish to invest in a business that's y he created this thread. His question is, what kind of business?

I be poor guy but i get wisdom. Either u use ur money to create a business dat over five hundred people can be working for u or u invest in real estates. d first one is really hard but d second one can be possible. In summary d key to financial freedom is investing in a work dat does not involve u working everyday

NFA
Divide your investments in percentages.

Low risk
Medium risk
Survival funds

Low risk (certain) = Long term, so thing like Gold or stocks, land or even a house (hold for at least 5 years). *If you're investing in stocks, read through the brooker's terms and conditions thoroughly*
For gold: the weight (kg) = the cost.
Real estate: Location is everything.

Medium risk = (Crypto, it's a new space, don't go rogue, buy the big boys, Eth, BTC and BSc and hold (1-5 years minimum)

Survival funds = Your tech jobs. I'm planning on learning solidity to go into that field before the year runs out.

Books I'll recommend
*Secrets of the millionaire mind.
*Rich Dad poor Dad and a video:
*How to invest in your 20s video by Dan Lok.
Download the audio books from YouTube and listen to them at least three times. Then make a summary of it.

Buy.Tools and bomb Asia �

Love800:
I be poor guy but i get wisdom. Either u use ur money to create a business dat over five hundred people can be working for u or u invest in real estates. d first one is really hard but d second one can be possible. In summary d key to financial freedom is investing in a work dat does not involve u working everyday

First part, I'm not looking to start a business to employ people. Second, I have ideas real estate might be nice to dive in but I lack the knowledge or tools to get started (I don't even know how to get started). Thanks for your input though.

Quicksilver14:
NFA
Divide your investments in percentages.

Low risk
Medium risk
Survival funds

Low risk (certain) = Long term, so thing like Gold or stocks, land or even a house (hold for at least 5 years). *If you're investing in stocks, read through the brooker's terms and conditions thoroughly*
For gold: the weight (kg) = the cost.
Real estate: Location is everything.

Medium risk = (Crypto, it's a new space, don't go rogue, buy the big boys, Eth, BTC and BSc and hold (1-5 years minimum)

Survival funds = Your tech jobs. I'm planning on learning solidity to go into that field before the year runs out.

Books I'll recommend
*Secrets of the millionaire mind.
*Rich Dad poor Dad and a video:
*How to invest in your 20s video by Dan Lok.
Download the audio books from YouTube and listen to them at least three times. Then make a summary of it.

Thanks a ton for your inputs. My problem is I have ideas what to invest into but I lack the knowledge, skills, or prerequisites to get started. I'll look into the resources you recommend and hopefully, get a headstart.

U er welcom. But u can still learn it(real estate). Am learning it in what ever way i can. Online, asking abt it, planning to get with professionals who knows abt it nd finally being invovle in d business in future. But u er not me. So do watever works for u

LagosTechBro:


First part, I'm not looking to start a business to employ people. Second, I have ideas real estate might be nice to dive in but I lack the knowledge or tools to get started (I don't even know how to get started). Thanks for your input though.

LagosTechBro:
Hello nairaland.

So I'll make this post short and straight to the point.

I'm a 21 year-old undergraduate affected by the ASUU strike and thanks to God I have been able to start making some cool money in tech. I want to ask you all what financial advices or investment tips you would give any one in their early twenties so they don't wreck themselves.

I need suggestions and recommendations on how to save and multiply my cash because I can feel the temptation to start spending for things I wouldn't need on a normal day. Your suggestions can be books, apps or tips that can help me become prudent and financially enlighthened.

Thanks to you all for your inputs.

Dear mods, please help send this to the front-page for wider reach. I'll appreciate every useful comment this post can get.
Mynd44
Lalasticlala
Nlfpmod

What tech skill are u on bro
Im affected by strike too

Join a cooperative

Buy assets


Learn more ,earn more

Bomb Asia
Spamming and Phishing is the Key

LagosTechBro:
Hello nairaland.

So I'll make this post short and straight to the point.

I'm a 21 year-old undergraduate affected by the ASUU strike and thanks to God I have been able to start making some cool money in tech. I want to ask you all what financial advices or investment tips you would give any one in their early twenties so they don't wreck themselves

Take 21-30 as your 1st 10 years as an adult. Start saving money.
Give yourself a reasonable target every year, spread it monthly and save. Once the money is up to maybe 500k-1M, put it in fixed deposit or Treasury bills for one year to yield some interest. The goal is not to get rich from Fixed deposit or Treasury Bills, but to not leave it within easy reach for you to spend.
Every year, you add what you have saved for the year to your previous savings, and roll it back into Treasury Bills.
Do this till you are 30. By then, you will have set up goals for the next 10 years of your life, and you will have funds to fund the goals.

Between 30-40, you will essentially be building a business/firm/corporation for yourself. You will make a few mistakes, you will experiment with different ideas, but you will grow strong.

From 40-50, you should have solidified your investment. Your business should be yielding profit and you will know what works. Dig in, and make sure your foundation is strong and you make your business as big as you can make it.

From 50-60, employ a lot of young, vibrant and innovative people. They will take your business to the next level, and they will be in tune with the times. You will oversee the business, and take a supervisory approach to things. You will be the voice of reason, but you will embrace change.

I don't know what comes next, but we will figure it out.

dopedan:

What tech skill are u on bro
Im affected by strike too

Fullstack web development.

Winneygirl:


Take 21-30 as your 1st 10 years as an adult. Start saving money.
Give yourself a reasonable target every year, spread it monthly and save. Once the money is up to maybe 500k-1M, put it in fixed deposit or Treasury bills for one year to yield some interest. The goal is not to get rich from Fixed deposit or Treasury Bills, but to not leave it within easy reach for you to spend.
Every year, you add what you have saved for the year to your previous savings, and roll it back into Treasury Bills.
Do this till you are 30. By then, you will have set up goals for the next 10 years of your life, and you will have funds to fund the goals.

Between 30-40, you will essentially be building a business/firm/corporation for yourself. You will make a few mistakes, you will experiment with different ideas, but you will grow strong.

From 40-50, you should have solidified your investment. Your business should be yielding profit and you will know what works. Dig in, and make sure your foundation is strong and you make your business as big as you can make it.

From 50-60, employ a lot of young, vibrant and innovative people. They will take your business to the next level, and they will be in tune with the times. You will oversee the business, and take a supervisory approach to things. You will be the voice of reason, but you will embrace change.

I don't know what comes next, but we will figure it out.

This is gold. Thanks so much. I appreciate your input

Betensure:
Bomb Asia
Spamming and Phishing is the Key

Boss can we work together Ibget big time project