KoinSave

The complete money toolkit for everyday life. 🚀 Save smarter, spend better, protect your wealth. 💴 In partnership with @9psb_ng

[KoinSave @KoinSave]

If you’re in your 20s, straight out of university, and getting offered 50k–100k naira per month, there are some high-income skills you can learn to increase your earnings.

This is a thread 🧵

[KoinSave @KoinSave]

Are there really any Nigerians building wealth by focusing strictly on a single business or job?

I’m curious. 🤔

[Pharaoh👳🏾‍♂️👑 @MrMekzy_]

One man, different hustle.

[KoinSave @KoinSave]

There is no award for starving in silence. If you are struggling, drop the pride and ask for help.

Also, we need to kill the misconception that you must move out of your parents' house immediately after university. That pressure is a financial trap.

If your home is peaceful, stay there. Use that free rent to find your bearing, build a high-income skill, and save aggressively.

Move out when your wallet is ready, not when social media tells you to.

[Danny Walter 🧸 @AjeboDanny]

Swallow your pride and call your parents for help before you die of hunger.

[KoinSave @KoinSave]

The timelines above assume that you are learning for 15–20 hours every week. The fastest way to learn is to build instead of drowning in tutorial hell.

Work on projects and share them online.

[KoinSave @KoinSave]

If you’re in your 20s, straight out of university, and getting offered 50k–100k naira per month, there are some high-income skills you can learn to increase your earnings.

This is a thread 🧵

[KoinSave @KoinSave]

AI & Prompt Engineering: You can move from a newbie to entry-level within 1–3 months of intensive learning. Companies don’t just want AI tools; they need people who know how to talk to the AI to automate workflows, write code, design, or generate marketing copy.

[KoinSave @KoinSave]

Now, baby food, maternal care, and other baby essentials are yet to be added to the cost.

You can’t over-plan for a child you are expecting. Make sure you cover the basics because it is not cheap to have a child.

[KoinSave @KoinSave]

Deciding to give birth to a child isn’t a minor decision.

In a country like Nigeria, you have to be strategic about it.

With the rising cost of healthcare and an unpredictable system, you wouldn’t want to bring a child into this world without having a proper plan.

🧵

[KoinSave @KoinSave]

The current cost of antenatal registration in a standard Nigerian hospital is around N70,000 to N500,000 depending on if you opt for a government owned or a private hospital. And mind you, that is JUST to register.

We haven’t even included the mandatory lab tests, ultrasound scans, routine drugs, transport fare, and the cost of maintaining a healthy diet.

Plan before you leap!

[KoinSave @KoinSave]

I think more people need to understand that successful people do not just come out of nowhere; it takes years of hard work that no one sees to get to a certain position.

The same goes for wealth building. It takes time, but we have been so tied to the idea that you can get rich quickly.

It takes years of honest hard work and consistency to accumulate a certain amount of success.

[UGO @icparklins]

Before being Head of Design at Chocolate City at 18, I had worked 3 jobs. One as an Intern at Cregital, then at Genii Games which I did simultaneously as Creative Designer at myToddlr. At 19 built a startup called Voomsway with my current MOmsi co-founder, it was like Uber, but for long distance travel with vendors like Libra Motors and GIG.

[KoinSave @KoinSave]

You can also live this life in your 60s, but the decisions you make today will determine if you do or not.

If you’re in your 20s, follow these steps

Start saving at least 20% of your total monthly earnings.

When you have enough, start diversifying and investing in things you totally understand. Do not jump on Ponzi schemes.

Wealth building takes time, especially if wealth is not handed down to you at birth.

[Femi Ote$ @realFemiOtedola]

Enjoyed a sunny morning yesterday cycling along the Lagos coast line at Eko Atlantic City. Happiness is free 🚲 …F.Ote💲

[KoinSave @KoinSave]

It’s salary week, and when it drops, don’t just stare at it. The decision you make within the next 48 hours will dictate what your next month will look like. But before you make any decision, save something.

[KoinSave @KoinSave]

Know exactly what you’re investing in. Is it stocks? Mutual funds? Real estate? Treasury bills or government bonds? If you do not know or understand what you’re getting yourself into, run!

Lastly, if it sounds too good to be true, then it’s not true.

[KoinSave @KoinSave]

One thing every Nigerian has in common is the desire to increase their earning capacity.

There are many ways to do this, but there are also get-rich-quick schemes that could ruin what you currently have.

So, how can you increase your earnings whilst staying safe?

[KoinSave @KoinSave]

The first thing you need to do is ensure you have savings! Before you dabble in any form of investment, make sure you have a backup or an emergency fund stashed away somewhere.

Do extensive research. If an investment is promising you over a 50% ROI within a month, RUN!

[KoinSave @KoinSave]

Learn the art of the Compassionate No. It won’t kill you.

You don't have to explain your entire financial life to anyone.

A simple: "Omo, I would love to help, but my budget is totally tapped out for the month," is a complete sentence.

Real friends will understand.

[KoinSave @KoinSave]

“Bro, how far? I need an urgent 2k.”

If you live and work in Nigeria, you already know this text. We all want to be the friend who comes through, but how do you help your friends without going completely broke?

A short thread on setting boundaries. 🧵

[KoinSave @KoinSave]

Create a Black Tax Budget.

Treat helping friends like a monthly bill. Allocate a strict, specific amount (e.g., N10,000) from your salary for help and black tax. Mine is N40,000 per month.

Once that money is exhausted? The bank is closed until next month.