Hello Corp members....

I recall during my service year while earning 19,800 and 5k in the school i worked ( This 5k wasn't even timely) in Oyo state saving money already seemed hard, thank God for my design skills...i was able to live fine and still save a bit.

Some Corp members have it more rosy why some don't - You could be lucky to find a PPA that pays you up to 30k upwards, plus your allawee that's #63,000. I know prices of things are on the rise, but service year is a time to try and be prudent, no matter how little set aside something monthly, 3k, 5k or 10K depending on your earning.

Building this character of saving would help a lot when you start working, if you can save something out of 40-50k while serving, how much more when you start earning over 200K?

5k for a year would yield 60K, now if you saved this money in a locked savings plan at 12% per annum, do the maths of the interest.

There are so many legit saving apps out there, but i use reaprite.
You can get started with the link on my bio.

You'd be glad you did.

Got questions drop it on the thread.

jom28gy:
how do I invest in Mumbai fund?

I can help with how to start saving on reaprite
check the link on bio

jom28gy:
how do I invest in Mumbai fund?

I don't get what you mean by mumbai funds?

sgtponzihater1:


I would be careful with companies with heavy interest, with vague regulation. Many end up being Ponzi schemes.

CBN rates have gone up - fintechs are following suit.
that you haven't heard of system doesn't make it a scam you know

Hello guys!
Good morning.....

Its a good week to talk about money!

sometimes i wonder why people stack a lot of funds in the bank.
Yeah, it's safe and all, but then inflation is on the rise.

The 10k of Aug 2022, is not same today, so each day there is a decline in your purchasing power if your leave your money in the bank, except of course it's your weekly 'running around' funds. Any thing else should be put to work! - Mutual funds, high yield savings, stock and investments.

A lot of people have very poor financial habits and that's why they easily run into debts and have creditors chasing them up and down.

Have you ever owed rent for months and you're wondering how come? with all the money you made - Well, that's because of poor financial choices.

Let's paint a scenario - Your Rent is 800k and earn 200K
Do you know locking up N66,666 monthly would easily amount to 800k at the end of the year?

Now imagine if you're locking this money in a savings plan of atleast 12% p.a
you would make at least 45K interest while saving for rent stress free.

Personally, i put idle market to work in a couple of ways....after a few people join in.
let me hear your thoughts on how you put money to work.

sgtponzihater1:


Do you work for this company, are you the owner, or are you just an investor?

I'm not the owner - I have my money in the system and most people in my circle

zed7:
Take this to the job and investment section. What you have here are misguided teens who are looking for cheap sex.

I could have replied you if it was an appropriate section. Intellectual discourse is a waste of time here. This place is for laughs and entertainment.

Investment section would be nice....i was looking at the fact that, people engage more here.
Thanks

igbizen:
On Friday my balance was #9,104,900. This morning it’s #9,106,700. What is happening?

With 3 million in reaprite - your interest should be 10k plus in a week at 18%

otomatic:


Okay. Seems they are into "agro"

You did your research well - they actually invest into agro, they are not into agro

otomatic:


Alright. Return of investment is far better than return on investment.

for clarity...I wasn't clear about what you said about Funds being sec approved.

The company doesn't run mutual funds...
i will probably edit the reply for other readers.

Redoil:
PLEASE I BEG YOU IF YOU DONT UNDERSTAND WHAT SEC APPROVAL IS kindly hold your peace and stay away from this forum

Oga, before you jump into conclusion...
read the question asked....

He asked "are their funds sec approved"
I wasn't talking about mutual funds....probably that was what he implied.

I want to believe Sec approved company is different from Sec approved funds

i'm talking about savings platform, where you can save weekly or monthly while your money gains interest

otomatic:


Is this company a regulated one?
Are their funds SEC approved?

Edited
By Sec approved funds you mean mutual funds i guess...they don't offer mutual funds

Reaprite is backed by an SEC regulated Trustee - Investment One Financial Services - through a trusteeship agreement.

civilserva:

Is it dollar fund.

Who are behind fund

Naira savings....its not mutual fund.
Reaprite offers different savings plan with different rates

Chinaza0g3:
Do we really have good mutual funds in Nigeria?

Why mutual funds of less than 12%...

when fintechs are doing upto 16% and even more.
check out Reaprite using the link on my signature

civilserva:


Thanks. I am looking for 7% and above

Reaprite gives 12-16% on their plans....
been with them since 2020....

Click the link on my signature

obinna58:
200million

I’m less than a million though

Nothing wey God no fit do...normally

ibechris:
I started this year with an expectation to make 27.5million, and i was little bit scared if I can reach that goal,but from January to date,I have been able to make 8.4 million naira in profit.

And I have paid my tithe by helping people around me to solve one problem or the other.

I feel very fulfilled honestly.

God is great!

Wow...nice to hear this bro...
i'm encouraged.

How do you spin this numbers...business? high interest investment or 9-5

Illegal1:
Omoh.....cashless policy destroy all the plans i get for the 1st four months of the year.....jan till date,i never achieve shishi


only God knw the way i dey para as its stands...

You mean first 3 months...
we would brace through....normal Naija spirit.
God dey for all of us

Blupen969:
Op na who don eat bellefull deh get goals to share
na because of say you go soon become millionaire weh you begin share your own goals to show off
life no easy for us, this side weh we deh na hell for 1year now i don't have a smartphone you think everybody get post like you to even begin share goals
nwanem take time before i insult you for latin because e no go good at all

Bro Calm down....na all of us dey this life hustle together.
Say e no enter today, no mean say tomorrow no go work out well...

This is us being motivated and believing God for the best

MasterShifu010:
The cashless situation ruined business

You didnt share with us the goal you're pursuing??

the cashless policy affect everybody

Johnson225:
Q

Bro....share your thoughts abi...you just wan book this space for nothing?

Hi Guys...
so i figured this section seems to be the most liveliest and i'm hoping we can engage and share our goals, especially financially,
and how we hope to achieve this big goals before the year wraps. I believe someone would be inspired to work harder

You can also add other goals if you don't mind

Financial Goal:
So I'm personally looking at getting at least 8-10 million by God's grace at the end of this year.

Process:
I'm hoping to achieve this through getting more gigs especially internationally (I'm Product Designer), Investing and staying above
inflation with high interest savings plans.

Progress:
Q1 is ending, i'm doing my best but i'm no where close.

Let's hear yours.

ps: You can also drop realistic ideas to help people get closer to their goals.

Reaprite guys still giving one of the best rate in the market....
check my signature to come onboard

Been saving with them for a while now, the interest rates are very competitive compared to other savings app.

Hi guys...happy new year.
Who has started saving for the year?

Interesting thread...
I save with reaprite.. Interest rate dey help man for this inflation.

See my siggy to get started