Andy Ebuehi

Nothing lasts forever, not even your troubles.

[Andy Ebuehi @andyebuehi]

If you’re serious about managing your money as a young person, you should have the PiggyVest app on your phone.

[𝕾𝖎𝖗 𝕮𝖍𝖗𝖎𝖘 @eagleseyeinc]

i’ve been teaching about t-bills on x for roughly 2 years now. bookmark this now cos you need it. treasury bills and money market funds are just very safe ways of parking ur money to earn interest.

think of tbills like lending your money to the government for a fixed period (like 91, 182 or 364 days) you don’t touch it during that time and at the end, government returns your money plus profit (interest). mmf is similar but instead of locking your money in one place, a fund manager pools your money with others and invests it in very safe short term instruments then shares the profit with you daily so it’s more flexible and you can withdraw faster.

& to get started, you can open an acc through a bank (i use access and zenith), a licensed investment app (i use piggyvest and moniepoint) or a brokerage platform in nigeria (i use coronation markets) then deposit your money and choose either tbills or mmf depending on how long you want to keep it invested.

learn something nau.

[Glorious God @GloriousGod01]

1. 20-30% of your income should go into your savings. Very disciplined here.

2. Don't let you family members except your wife (if you have one) know how much you earn.

3. Don't try to be the Messiah of your family. Trying to help everybody will make you go broke in no time.

4. Eat when you're hungry not because you want to eat 3 square meals daily. Once or twice is okay.

5. Cook more than you buy outside.

6. Invest in business, Money Market, and assets (a house is not one in this case).

7. Don't make promises out of excitement. If possible, always use that word, "I'll see what I can do". This gives you time to take a proper look at your account.

8. Don't live or do things for validation. Don't rush to build a house because you want people to say you've arrived. Build a house only when you've secured a steady cash flow.

9. Aim to earn even while you sleep. You don't have to leave your house before you make money.

10. Don't have more than 1 or 2 children please.

Please marry a kind and supportive partner.

Above all, love God.

[Andy Ebuehi @andyebuehi]

@GloriousGod01 Happy Birthday

[Andy Ebuehi @andyebuehi]

@VideoEditor1010 @OvertoGod1 @Ewa_oyin @fimlex2 😀😀😀😀

[Andy Ebuehi @andyebuehi]

@_belikebaddy God be with you

[Andy Ebuehi @andyebuehi]

@dammiedammie35 True

[Andy Ebuehi @andyebuehi]

@maxvayshia VIP victims

[Andy Ebuehi @andyebuehi]

@gkhappyman2020 @Millishield01 In Lagos or Abuja?

[Andy Ebuehi @andyebuehi]

@john322226 E go hard oh

[Lawrence Kitema @lawrencekitema]

If you're a man and you don't come from a rich family, wake up early and do whatever it takes to earn money. The world can be cruel to a poor man.

[Andy Ebuehi @andyebuehi]

@GloriousGod01 Guaranty Trust Money Market Fund is another great option, offering an annual return of 17.05%, and it can be accessed directly through the GTWorld app.

[Andy Ebuehi @andyebuehi]

@GloriousGod01 I pointed it out in your previous post.

https://t.co/7cTQxn6YR0

[Andy Ebuehi @andyebuehi]

@GloriousGod01 Palmpay's 20% p.a. is only applicable to the first N10,000 saved.

[Glorious God @GloriousGod01]

When I introduced PalmPay Cashbox as a starting point for beginners, I meant exactly that. A starting point.

Here is something you should know.

PalmPay Cashbox operates on a tiered interest rate. The 20% per annum only applies to your first 10,000 naira. Once your balance crosses 10,000, the rate drops to 16% on the rest. And once you cross 100,000 naira, anything above that only earns 8% per annum.

8%.

That is not what we are building towards.

PalmPay Cashbox is perfect for absolute BEGINNERS who want to understand how saving and compounding works. It is friendly, easy to use and gets you started. But once your balance starts growing, you are leaving serious money on the table by staying there.

At that point, you need to GRADUATE TO A PROPER MUTUAL FUND. I personally use Cowrywise, where the Conservative Portfolio is currently offering 16.61% per annum flat on your entire balance regardless of how large it grows. Palmpay's mutual fund now is also above 16%.

THE PLAN IS SIMPLE. Start on PalmPay Cashbox to build the habit. Once you are comfortable and your balance is growing, move into Cowrywise or PalmPay's own Mutual Funds for long term compounding.

Don't let a tiered interest rate quietly slow down what you are building.

Above all, love God.

[Glorious God @GloriousGod01]

One of the greatest mistakes you can make in this life is to make money and rush to build a house.

Many people who rushed to build instead of investing, starting a business or expanding what they already had are regretting it today. The only thing they have is a house. And that same house is old, they have no money to renovate it and no investment working for them.

You think building a house solves your problem. It doesn't. A house does not pay you. A house does not grow. It just sits there.

You do not need to own a personal house yet. Rent a comfortable space, live well and put your money to work aggressively.

If you have 70 million naira today, please do not build a house with it. Not yet. You can put it into a business, expand what you already have or invest aggressively. And if you don't have a business or don't want one, put it in a mutual fund at even a conservative 16% per annum. From day one you are earning close to 1 million naira monthly in interest alone, without touching the capital.

Within a few years that monthly interest crosses 2 million naira. In 20 years, that 70 million naira would have compounded to over 1.6 billion naira. You will then build your house in cash, still have over a billion naira working for you and never have to struggle again.

The people who rushed to build are now house rich and cash poor. Don't join them.

Rent. Invest. Build in peace.

Above all, love God.

[Andy Ebuehi @andyebuehi]

@GloriousGod01 With a consistent 20% annual return, investing ₦30,000 monthly for 20 years could grow to about ₦98.9 million, with over ₦91.6 million coming from investment growth rather than your own contributions.

This is a blueprint for creating wealth.

[Andy Ebuehi @andyebuehi]

@GloriousGod01 If you invest ₦30,000 every month for 10 years and consistently earn 20% per year compounded monthly, your investment could grow to approximately ₦11.28 million.

You contribute: ₦3.6 million
Your money earns: ₦7.68 million in compound interest

[Andy Ebuehi @andyebuehi]

@GloriousGod01 Palmpay's 20% p.a. is only applicable to the first N10,000 saved.

[Andy Ebuehi @andyebuehi]

@GloriousGod01 Take note of this from Palmpay cash box

[Andy Ebuehi @andyebuehi]

@MrCharlesky Interested

[Andy Ebuehi @andyebuehi]

@john322226 Thank God say my rent still far, I just need a Job