Meerahbel:
A gate man built a house 🏡 in Buhari regime, start small and grow.

The gate man.... is not really a gateman....
Stories like this on social media encourage evil vices. ..
I have seen that social media story.... of a gate man using 30k salary ...to build house ...
Question is can you that is answering me do it......
Let's be realistic here.....

Don't just motivate......

Easybet1:
I have a pension account that my company paid my monthly pension allowance to. Is it possible for me to pay to that account by myself?? If yes, how to do that please

Do voluntary contribution and thank me later.

Meerahbel:
A gate man built a house 🏡 in Buhari regime, start small and grow.

Did you live with the gate man....
Stop believing social media stories... without a verification

Pls Whats the difference between mutual funds and treasury bill?

Meerahbel:


This is th best thing to do, I have
- Shares in NGX and US stocks
- Crypto
- Mutual funds
- Pension
- Treasury bill
- FG savings bonds &
- A side business

dubilo:
Thanks so much for this valuable advice. Being a civil servant of over 10 years experience, i have also learnt along with your suggestions that you need to shine your eyes when you save money in Multipurpose Cooperative because i have heard of cases where people lost all there life savings due to the mismanagement of it.

Especially for state cooperative

Pentagon007:
I am currently doing all that you said. My net salary is around 300k. At the end of every month i try to save upto 200k. I must say its quite difficult but the trick is that i do the saving FIRST, then use whatever that remains for my expenses.
I intend to save a reasonable amount then i learn a trade and go into business.

Business is good and it would help u to accelerate your goals fast enough.

What is money market?

And is stock market the same thing with treasury bills?

Willie2015:


My rules
1.. Invest in Prayers..
2.. Stock market ..(Both local and Foreign)
3. Money Market and Fixed Income
4. Real Estate

Love800:
Pls Whats the difference between mutual funds and treasury bill?

Mutual Funds and Treasury Bills are two different investment options with distinct characteristics.

Mutual Funds:

1. A mutual fund is a type of investment vehicle that pools money from many investors to invest in a diversified portfolio of stocks, bonds, or other securities.
2. Mutual funds are managed by professional fund managers who invest the money in a variety of assets to achieve the fund's investment objectives.
3. Mutual funds offer the benefits of diversification, liquidity, and professional management.
4. Returns from mutual funds can be in the form of dividends, interest, or capital gains.
5. Risk level: Moderate to high, depending on the fund's investment objectives and asset allocation.

Treasury Bills (T-Bills):

1. A Treasury Bill is a short-term debt security issued by the government to finance its operations.
2. T-Bills are backed by the credit of the government and are considered to be very low-risk investments.
3. T-Bills have a fixed face value and a fixed interest rate, and they mature in a short period, typically within a year.
4. Returns from T-Bills are in the form of interest, which is exempt from state and local taxes.
5. Risk level: Very low, as they are backed by the government's credit.

Key differences:

1. Risk level: Mutual funds carry more risk than T-Bills, as they invest in a variety of assets that can be affected by market fluctuations.
2. Return potential: Mutual funds offer the potential for higher returns over the long term, while T-Bills typically offer lower returns, but with greater certainty.
3. Liquidity: Mutual funds are generally more liquid than T-Bills, as they can be easily sold or redeemed.
4. Investment horizon: Mutual funds are suitable for long-term investments, while T-Bills are suitable for short-term investments.
5. Management: Mutual funds are managed by professional fund managers, while T-Bills are issued and managed by the government.

When to choose each:

1. Mutual Funds:
- Long-term investments
- Diversification and professional management
- Higher return potential
2. Treasury Bills:
- Short-term investments
- Low-risk investments
- Fixed income and liquidity

Ultimately, the choice between mutual funds and Treasury Bills depends on your investment goals, risk tolerance, and time horizon. It's essential to consult with a financial advisor or conduct your own research before making an investment decision.

Ibechris2:



Business is good and it would help u to accelerate your goals fast enough.

o loud am o!

That your last paragraph, are you saying that one should not establish a business?

epainos:

Hmmmm....Salary earners.


Bad suggestion if you earn naira. If dollars, or any stable fx...Great.


You have a business plan when you have a business idea. Get the idea first. Saving towards setting up a business can only be done if you earn fx. And even you live in foreign nation, it is almost impossible to start a good business with personal savings, except, it is a micro business...or services that require only ones brain. As soon as it requires purchasing assest and paying expenses, savings don't help.


Ask people who earned N500k monthly 5 years ago and saved. Ask them the value of their savings presently. Hmmmm


Yeah. I agree.


Don't even lend out your money, but give. When you give out, you don't expect it back.


Salary earners are loan takers. Lol. Recipe for bankruptcy. It is the truth.



You don't need to run any other business before you make side income. You should learn other vehicles of income. You are only focusing on business establishment which rarely works. Go check data....After 5 years, over 95% new business collapse.

The land you bought, is also a business too na.

Femabol01:

I did something like this when my net salary was 200K 10 years ago. I used the savings to buy 32 plots of land for cash crop farming (houses have surrounded the place presently) and 4 plots of land for my proposed house. The properties I bought cheaply then have so much increased in value. I intend to use my savings with the cooperative to plant the Cash crop by April next year. Be careful while investing in business.

femi4:
I always tell them, start your exit plan, from level 9-10 but you ll see most of them at level 14-15 trying to extend their stay in service cos they don't have savings or retired plan. Monthly salary can make you less adventurous in discovering other ways you can make money

I told my admin that I would like to resign, he started begging me not to.


I was like hah,this man think I wasn't prepared for this day,I have invested well enough to sustain my nuclear and extended families.

I get scared to extend my stay in a conventional employment...it makes me sick on a daily basis...I wouldn't want to get to 13 before I resign from my job.

There is money out there...so much money and there isn't time to waste.

MONEY247:

Did you live with the gate man....
Stop believing social media stories... without a verification

My secondary school gate man, has been with us before I joined the school, it was when I was graduating he moved into his own house and invited everyone of us. I would have mentioned the school but once I do they would know me because I was their head girl

Boss! I used to be like you. I started out as teaching for 30,000. I had rent, food and sundry to pay until one day, I was in the investment section on the stock market channel and someone dropped a WhatsApp group link for discussion about NSE now NGX, that was the turning point. I met men who have been in NGX for more than a decade, men in their early 50's and 60's who have seen and done it all, living on their dividends and other sources of income. They taught me some of the things I know today Chief of them is Emmanuelmanie

Megawealth has a NGX discord discussion group, I was one of his beneficiary of one call that changed my life.

In the mist of multitude advice there's safety.

We have those that make things happen,
& we have those complain, I used to be the latter, but things have changed and I am grateful to NL and the men I mentioned above.

Love800:
That your last paragraph, are you saying that one should not establish a business?

Did you read that in my comment? I simply provided a statement based on data (approximate), with some years performing better. So, how many successful businessmen got it right with their first business? Check data. How many of them rely on personal savings the first time or afterwards? Even they used personal savings the first time, what else did they do?

I am not here to give you direct answers. Because business is dynamic, you rely on history and data to make decisions and navigate your way.

If what you read in my last comment suggests that you should not start a business, that is your interpretation, and you should base your decisions on that as well as your intuition.

OP hmmm a police man will talk like many here. Even Lastma , even junior workers in banks or government offices but how much is their salaries? After paying rent, transport, car, bills ,school etc.
When I was out of work I tried accessing my pension, na long process and even the percentage I was allowed to access no fit solve problem. But in Nigeria someone who don't work will have investments, government officials earning less than N200k GEJ time , when Naira still get value, will have houses in his village and be living in expensive rent in Abuja and have SUV in his house but ride a very very small old car to work. Yes, many police who are paid poorly have so much investment. The problem in Nigeria is so many corrupt workers in private sector and government offices. The corruption in government offices are small compared to private sector. We need government to make an enabling environment to empower it's ppl. Affordable housing , free school, healthcare, cheap food go see Dubai or Saudi even European countries. Many Nigerians are either corrupt from their places of work. I know I have worked in both private and public. They claim holy holy or but na lie. We need to start voting wisely. Someone in INEC will come here and be talking about investment savings. When elections come do you think they rig elections for free? Judges, even those in the agencies where they are paid well even politicians are corrupt and will come here and talk investment savings. Save or investment in what? Naira is almost useless . Purchasing power almost crippled. Don't let anyone here give you high blood pressure or headache. Our problems is our leaders don't do anything to make our lives better. Try the housing loan scam. I tried it. Bribe here and there and almost 2 years to process the loan. It was a waste.

Easybet1:
I have a pension account that my company paid my monthly pension allowance to. Is it possible for me to pay to that account by myself?? If yes, how to do that please

Yes. You can only pay your contribution through company you work. However you can still be paying your pension contribution through your former company name. Just know the pension custodian acct no and pay your contribution to the acct using your pension PIN. You can contribution it as voluntary contribution.

Alternatively you can contribute using any company just use your company RC number as your company number

There's a young man in the interior part of Lagos who has built a crazy business and employs over 12 staff all remote in this same economy which I am one of them. Another is a woman not even in Lagos in the southern part of Nigeria and has over 14 staff and business is doing extremely well.

E get person wey dey Iyana Ipaja dey do business with Dubai people and the Dubai people are thinking of coming to do business in Nigeria, mind you this person has a 9-5 job

Let's those that want to complain let them continue.

SonOfDSoil01:
that’s what I keep telling people, even in this so called hardship a lot of people have been made millionaires, building houses and buying cars.

Just be creative and work hard on it and you will make money. Stop complaining, that’s for lazy people just hiding there lazy ass under the excuse of bad economy which we all know is work in progress.

Tohsynetita1:
Which milo is 32k, which size?

The biggest size.

Thank you so much.
Is mutual funds the same thing with buying shares?

What about government bond. What does this one mean?

Meerahbel:
Mutual Funds and Treasury Bills are two different investment options with distinct characteristics.

Mutual Funds:

1. A mutual fund is a type of investment vehicle that pools money from many investors to invest in a diversified portfolio of stocks, bonds, or other securities.
2. Mutual funds are managed by professional fund managers who invest the money in a variety of assets to achieve the fund's investment objectives.
3. Mutual funds offer the benefits of diversification, liquidity, and professional management.
4. Returns from mutual funds can be in the form of dividends, interest, or capital gains.
5. Risk level: Moderate to high, depending on the fund's investment objectives and asset allocation.

Treasury Bills (T-Bills):

1. A Treasury Bill is a short-term debt security issued by the government to finance its operations.
2. T-Bills are backed by the credit of the government and are considered to be very low-risk investments.
3. T-Bills have a fixed face value and a fixed interest rate, and they mature in a short period, typically within a year.
4. Returns from T-Bills are in the form of interest, which is exempt from state and local taxes.
5. Risk level: Very low, as they are backed by the government's credit.

Key differences:

1. Risk level: Mutual funds carry more risk than T-Bills, as they invest in a variety of assets that can be affected by market fluctuations.
2. Return potential: Mutual funds offer the potential for higher returns over the long term, while T-Bills typically offer lower returns, but with greater certainty.
3. Liquidity: Mutual funds are generally more liquid than T-Bills, as they can be easily sold or redeemed.
4. Investment horizon: Mutual funds are suitable for long-term investments, while T-Bills are suitable for short-term investments.
5. Management: Mutual funds are managed by professional fund managers, while T-Bills are issued and managed by the government.

When to choose each:

1. Mutual Funds:
- Long-term investments
- Diversification and professional management
- Higher return potential
2. Treasury Bills:
- Short-term investments
- Low-risk investments
- Fixed income and liquidity

Ultimately, the choice between mutual funds and Treasury Bills depends on your investment goals, risk tolerance, and time horizon. It's essential to consult with a financial advisor or conduct your own research before making an investment decision.

What year was that?

blackboy:
OP hmmm a police man will talk like many here. Even Lastma , even junior workers in banks or government offices but how much is their salaries? After paying rent, transport, car, bills ,school etc.
When I was out of work I tried accessing my pension, na long process and even the percentage I was allowed to access no fit solve problem. But in Nigeria someone who don't work will have investments, government officials earning less than N200k GEJ time , when Naira still get value, will have houses in his village and be living in expensive rent in Abuja and have SUV in his house but ride a very very small old car to work. Yes, many police who are paid poorly have so much investment. The problem in Nigeria is so many corrupt workers in private sector and government offices. The corruption in government offices are small compared to private sector. We need government to make an enabling environment to empower it's ppl. Affordable housing , free school, healthcare, cheap food go see Dubai or Saudi even European countries. Many Nigerians are either corrupt from their places of work. I know I have worked in both private and public. They claim holy holy or but na lie. We need to start voting wisely. Someone in INEC will come here and be talking about investment savings. When elections come do you think they rig elections for free? Judges, even those in the agencies where they are paid well even politicians are corrupt and will come here and talk investment savings. Save or investment in what? Naira is almost useless . Purchasing power almost crippled. Don't let anyone here give you high blood pressure or headache. Our problems is our leaders don't do anything to make our lives better. Try the housing loan scam. I tried it. Bribe here and there and almost 2 years to process the loan. It was a waste.

ShescreamEWOOO:
The biggest setback for small businesses and owners in Nigeria is human resources, you can get past govt and tax palava, you can get your way round inflation, running cost etc the big issue is, how do you find honest and diligent workers?

Everybody sees every chance as an "opportunity".
"na were man dey work he dey chop" mentality has finished us down here, many people cannot work or function in an environment or workplace were they can't cut corners and steal.
If you like hire religious leader o, relative, monk o, northerner, southerners o, they will steal from you not minding the effort, hardwork, pains and time the owner had to put in to owing the business.

A friend was working in a fancy lounge at GRA benin, if you see the way these workers steal from this place you would wonder how the owner meets up, over 60 percent of what they make there was been stolen by the workers, even to pay light bill ans salaries became an issue to the manager.

Imangine a scenario were Chef, waiter, secretary, accountant, manager all steal.
There's an extent my company grow to that all the employees in the sensitive position will be foreigners, Indians, Pakistanis etc they do their job simply and go.

Anyways. For permanet cure for weak erection, quick ejaculation, erectile dysfunction, Watery and low Sperm Count, infertility and improvement of your girth reach me on WhatsApp with the number on my signature.

Its 100 percent herbal and 90 percent bitter kola made without any side effects.

After one week and you are not satisfied you can demand for refund.

For anybody wanting to learn how to earn in foreign currency, i am a professional domain flipper, i buy expired internet domains and resell them.

I can teach you one on one on WhatsApp for 5k flat.
My digit on signature.

Kai baba and you talk true o. Nigerians are criminals. As long as you're employing them,you can't do away with theft. You can only migitate the frequency of it occurrence.

For those that bwsnts to diversify the savings heirs Triple pay is for you....100% returns on investment.

This is like fixed deposit investment


Heirs save too pays you 5% returns on investment

No

Love800:
Thank you so much.
Is mutual funds the same thing with buying shares?

What about government bond. What does this one mean?

There are two types of government bonds.
1. FG savings bonds which you can start with as low as N5000
2. FG bonds who the minimum is about 5 million

Ibechris2:
Practically,I have done all of the above and thank God I did it early.

I work where I earn 250k gross but honestly,my side income is equivalent of my five years salary and I am a level 12 officer soon to resign from this job.

All what u have said is nothing but the truth.

For young men and women in their 20's, start early and refrain from gambling and wastages of keeping girl friends here and there. They are bunch of distraction and same applies to ladies who wants to be focus,leave men alone and focuss on your ambitions.

What is your side income?

Starpro87:


Did you self-train, or you paid to get trained?
If the latter, where did you get your training from?
Thanks.

I learnt on my own.

Stopmyaddict:


Please explain better on investment on NGX

Investing on the Nigerian Exchange Group (NGX) involves buying and selling of financial securities such as stocks, bonds, and exchange-traded funds (ETFs). Here's a comprehensive guide to help you understand investing on the NGX:

*Types of Investments on NGX:*

1. *Stocks:* Also known as equities, stocks represent ownership in companies listed on the NGX. When you buy stocks, you're essentially buying a portion of the company's assets and profits.
2. *Bonds:* Bonds are debt securities issued by companies or governments to raise capital. When you buy bonds, you're essentially lending money to the issuer, who promises to repay the principal amount with interest.
3. *Exchange-Traded Funds (ETFs):* ETFs are investment funds that track a particular index, sector, or asset class. They're traded on the NGX like stocks and offer diversification benefits.

*Benefits of Investing on NGX:*

1. *Diversification:* Investing on the NGX allows you to diversify your portfolio across various asset classes, sectors, and companies, reducing risk.
2. *Liquidity:* The NGX provides a platform for buying and selling securities, making it easy to convert your investments to cash.
3. *Potential for long-term growth:* Historically, the NGX has provided attractive returns over the long term, making it a viable option for investors seeking growth.
4. *Regulatory framework:* The NGX is regulated by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE), ensuring a level of transparency and investor protection.

*How to Invest on NGX:*

1. *Open a brokerage account:* Find a licensed brokerage firm and open an account. This will give you access to the NGX platform.
2. *Fund your account:* Deposit money into your brokerage account, which will be used to buy securities.
3. *Choose your investments:* Research and select the securities you want to buy, considering factors like risk tolerance, investment goals, and market trends.
4. *Place an order:* Use your brokerage account to place a buy order for the selected securities.
5. *Monitor and adjust:* Keep track of your investments and adjust your portfolio as needed to ensure it remains aligned with your investment objectives.

*Risks and Considerations:*

1. *Market risk:* NGX investments are subject to market fluctuations, which can result in losses.
2. *Liquidity risk:* Some securities may have low liquidity, making it difficult to sell them quickly or at a fair price.
3. *Default risk:* Bonds and other debt securities carry the risk of issuer default.
4. *Regulatory risk:* Changes in regulations or government policies can impact NGX investments.

*Investment Strategies:*

1. *Dollar-cost averaging:* Invest a fixed amount of money at regular intervals, regardless of market conditions.
2. *Value investing:* Look for undervalued securities with strong fundamentals.
3. *Growth investing:* Focus on companies with high growth potential.
4. *Dividend investing:* Invest in companies with a history of paying consistent dividends.

*Resources:*

1. *NGX website:* Visit the NGX website ((link unavailable)) for market data, news, and educational resources.
2. *Brokerage firms:* Contact licensed brokerage firms for guidance on investing on the NGX.
3. *Financial advisors:* Consult with financial advisors or investment professionals for personalized advice.

Remember, investing on the NGX requires a thorough understanding of the market, risks, and investment strategies. It's essential to educate yourself, set clear investment objectives, and consult with professionals before making investment decisions.

You can use my referral link on my signature to sign up on trove we both get free shares.

Nice

Well, everything you've said is kinda cool though,but delete that number 1 completely,it has no business on the list with this skyrocketing inflation and no increment of salary.Infact,I can boldly say that 80 percent of Nigerian workers (especially Civil Servants at state and local government level) are collecting about half or less than half of their salaries due to loans and other financial obligations that cannot be forgone for any reason.Saying that a worker should save 20 percent of his or her monthly salary as it stands today is practically impossible.Thanks.

lereinter:


Motivational speaker oro 🤣

1990 to now, More than 30yrs

U people think everything is fake.

See,I bought a land in Abuja last year and gave to my wife as a birthday present for 9.5million.
Now the truth is,the land is currently selling for 20million.

I bought a shop during the covid 19 pandemic for 1million. The shop is going for 13million just in 4years.

Another land I bought 3yrs ago at Fo1 here in Abuja,for 4.8million is now going for 16million.

There is nothing like motivational speaker. U use money to make money.

That is what is called capital gains.


What if I had bought ten of these properties last year?

Okay.
The side hustle you talked about, is also a business. Both can fail you. Better to just take the risk of doing anyone that catches ones interest.

epainos:

Did you read that in my comment? I simply provided a statement based on data (approximate), with some years performing better. So, how many successful businessmen got it right with their first business? Check data. How many of them rely on personal savings the first time or afterwards? Even they used personal savings the first time, what else did they do?

I am not here to give you direct answers. Because business is dynamic, you rely on history and data to make decisions and navigate your way.

If what you read in my last comment suggests that you should not start a business, that is your interpretation, and you should base your decisions on that as well as your intuition.

I used to get Quickcredit from GTB, which is paid back to GTB with interest; payment is spread out over a period of one year. I used a good chunk of the loan to buy food items in bulk. As the year went on, I discovered that the savings I made from price of the food items due to continuous inflation was more than the inerest payable for the loan. Unfortunately, my place of work began to pay salary so irregularly that I could no loger qualify for GTB Quichcredit.

Esthered:

It is and don't mislead people.

My MIL just warned me to restock in large quantities to cover as much as February.

Indomitable was 7500 last month and 8500 today.
Spaghetti was 19k last month and now 22k last week.
Dano 12g was 15k last month and now 16k
Lactogen was 6000 last month and I bought a carton 76k at 6300 last week.
Good mama liquid wash was 2k last month now 2500.
Milo was 27k in June but I bought it 32k last month. The list is endless.

If I had bought Lactogen in January when it was 4500, I wouldn't be crying today.

Bulk buying spreads the cost on quantity purchased and you get to bargain for a discount. It's cost saving to a reasonable extent.

I'd be happy to explain these investment options in more detail.

*Stocks*

Stocks, also known as equities, represent ownership in companies. When you buy stocks, you're essentially buying a portion of the company's assets and profits. Stocks offer the potential for long-term growth, but they can be volatile and subject to market fluctuations.

_Pros:_
- Potential for long-term growth
- Liquidity (can be easily sold)
- Diversification (can invest in various companies and industries)

_Cons:_
- Risk of loss due to market fluctuations
- No fixed income or return

*Treasury Bills (T-Bills)*

T-Bills are short-term debt securities issued by the government to finance its operations. They're backed by the credit of the government and are considered to be very low-risk investments. T-Bills have a fixed face value and a fixed interest rate, and they mature in a short period, typically within a year.

_Pros:_
- Very low risk
- Fixed income and return
- Liquidity (can be easily sold)

_Cons:_
- Low returns compared to other investments
- Returns may not keep pace with inflation

*FG Savings Bonds*

FG Savings Bonds are long-term savings instruments issued by the Nigerian government to encourage savings and investments among individuals. They're designed to provide a safe and secure way for individuals to save and earn interest over a long period.

Pros:
- Low risk
- Fixed income and return
- Encourages long-term savings
- Tax-free interest income

Cons:
- Returns may be lower than other investments
- Long-term commitment (typically 2-5 years)


*Which one is right for you?*

It depends on your investment goals, risk tolerance, and time horizon. If you're looking for long-term growth and are willing to take on more risk, stocks might be a good option. If you're looking for a low-risk investment with fixed income, T-Bills or FG Savings Bonds might be a better fit.

*How to invest:*

You can invest in these options through various channels, including:

1. Stockbrokers (for stocks)
2. Central Bank of Nigeria (CBN) website (for T-Bills)
3. Nigerian Stock Exchange (NSE) website (for FG Savings Bonds)
4. Commercial banks (for T-Bills and FG Savings Bonds)

Remember to always do your research, set clear investment objectives, and consult with professionals before making investment decisions. If you wish to start your trading journey, kindly use the referral link on my signature we both get free shares.

Stopmyaddict:


Please explain better on the stock,Treasury bills and Fg savings bonds
Abeg ...
I haven't heard about it