Good Afternoon
How is your week going so far?
Friday letters are usually dedicated to taking questions from our community. Do you have a question for us? Please feel free to
- send an e-mail to info@themoneyafrica.com; or
- send a DM to any of our social media channels, or
- simply fill out this form. Don’t worry, your responses are kept anonymous.
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Question
I am a 27-year-old lady in Nigeria, presently earning about N180,000 per month. This is obviously not good enough. How do I become financially free?
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Answer
First things first, please do not beat yourself up because of the amount you’re currently earning. Instead, let’s look at practical ways you could earn more and become more financially free. The key is to be like a chameleon, adapt and evolve.
So, let’s talk about skills. Do you have any hidden talents that you haven’t monetised yet? Writing fire copy? Designing websites that slay? Coding like a tech goddess? Invest in yourself, take online courses, attend workshops—knowledge is power, especially when it comes to negotiating a raise or even negotiating your pay on a freelance gig. Speaking of which, don’t be shy about that raise review! Do your research, know your worth, and confidence is your best accessory.
But income is not everything, right? You have to be smart about how you spend too. Track your expenses! Know where your money is going before it does a disappearing act. Budget! Cut back on unnecessary orders and impulse buys, and watch your finances get better and better the more you practice this. And debt? Honey, that’s the kryptonite to financial freedom. Tackle it head-on, negotiate lower interest rates, and do whatever it takes to get out of its clutches. Freedom tastes sweeter when you’re not chained to bills. Find ways to make paying bills easier on yourself. For example, your rent is not a surprise, you know how much you’re meant to pay every year. You can divide that amount into 12 and then each month, save towards the amount you get after the division. It is easier this way.
Most importantly, remember that financial freedom is a journey, not a destination. It’s about making smart choices, learning from every stumble, and celebrating every victory, big or small. Surround yourself with other ambitious people, build a support system that cheers you on and keeps you inspired. You have this in the bag! Lagos might be a wild ride, but you’re built for it!
If you’re interested in a financial literacy and accountability community, MoneyAfrica is the place to be. By joining our community, you’d have access to an exclusive community of people with the same objective of building wealth. You’d also have access to over 5 hours of recorded webinars on personal finance and investment strategies. You’d also have the dedicated support of the MoneyAfrica team. There would be weekly live webinars on various topics on personal finance and investment options and strategies. After learning from the various webinars, you’d also be given bonus trackers—a budgeting tracker and an investment tracker—to put what you’ve learnt into practice.
If this sounds like something you’re interested in, this is the best time to join us because we’re running our Christmas sales:
- Pay 15k instead of 20k for our yearly subscription.
- If you pay in full, you can gift a loved one our plan.
- When you refer your friends, you get amazing prices from us.
- And if you subscribe to the premium plan, you stand a chance to have a joint session with your spouse.
Send a mail to sales@themoneyafrica.com to lock in your offer.
You can also check out our website
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Do you know that we have our own podcast? It’s MONEYTALKS!💚
Here’s a link to listen to all the amazing episodes we have!
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MoneyAfrica premium plan
Are you a mid to high-income earner? Do you find communities a bit too busy? You should sign up for our premium plan.
You can learn more about that here.
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We often get questions regarding how to plan your finances to align with your relocation plans, especially for students seeking to further their studies. As always, we have heard you, and we have put together an e-book to help you navigate this. Follow this link, to get your FREE copy of the e-book: The Japa Encyclopedia.
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Get our annual subscription and learn more about investing safely and building a solid portfolio in 2023.
Don’t forget to:
- Join our community, if you want to smash your 2023 financial goals. It takes at least 30 days to build great habits that will last you a lifetime. So why not start now? There is a lot you can achieve.
- If you would like to document your financial journey in 2023, then our journal would be an excellent fit for you. It costs ₦7,500 (excluding delivery).
- Get a budget sheet to track your monthly expenses. Click here
- Get an investment tracker to be on top of all your investments. Click here
MoneyAfrica is a financial literacy platform. Our goal is to make everyone better with their finances.
We do this by engagements via our:
– social media handles
– platforms for paid community members (for adults and students)
– webinar sessions with corporate clients
Would you like to join any of the communities? Please click here
Would you like us to hold a webinar for your company’s staff? Please send an email to info@themoneyafrica.com
