Dear Africans and African leaders, let us not lead our dear continent back to slavery that our fathers fought against with their lives, over bad leadership and greed.
Selah 🕊️
How to Build an Investment Portfolio and Convert Your Active Income to Passive Income
1. You earn Abi? If you don't earn, stop here and earn.
2. Make a personal pledge to save 10% of what you earn—meaning you don't spend ₦10 of every ₦100 you get. I recommend setting up a direct debit from your paycheck to a separate account so 10% is taken automatically. Don't trust yourself to transfer manually. Use technology; you can't miss cash you never saw.
3. Of that 10% saved, invest 2% (lock it up, preferably in an equity mutual fund or equity ETF if you are younger—below 50). Put the 8% in a money market fund as your emergency fund (you can touch it, but don't).
4. Do this every month: 10% not spent, 2% invested, 8% saved.
5. Every quarter, take another 2% from that 8% emergency fund and add it to the equity fund (i prefer dividend paying equity). Increase the invested portion by 1% each year. So next year: don't spend 10%; save 7% in a money-market emergency fund; invest 3% in a long-term equity fund. Reinvest dividends. When you get to 10% of your earnings invested, you are ok; at 20%, you can chill. Your goal is to build a passive income portfolio from your active income
6. Get an accountability partner or group. If you have a partner, do this together. Do an investing "ajo" just for commitment. Don't do bulk investment—do monthly investments or invest money anytime it touches your hand if you are self-employed. Ladies, if he can't save 1%, he can't save 10%; save yourself.
7. Don't wait until you "earn more". Don't say "I don't have money". That's the devil trying to mislead you. (yes, same devil that tempted Eve)
8. Minimum, I think you should start to invest with ₦5,000. Meaning: if your 10% is not up to N5000 in a month, accumulate it in an emergency fund; once it reaches N5000, open your equity fund.
9. The key is consistency and discipline, not the amount invested. Ignore the maker's daily rise or fall; you are a long-term investor.
10. This is a proven formula. It will not fail if you follow it.
11. Pay tithes or give to charity—it brings good karma.
‘A Gift in Time Saves Nine’
W/: @oh_sheettt
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Say ‘I love you’ this Valentine like you never have. Let @thegyftar help you create the perfect memory for your partner❤️
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🎥: @drimkastr.studios
Sometimes, you read a story that makes the blood in your veins run cold.
Blessing's baby, Victory, was born premature and diagnosed with hydrocephalus (fluid in the brain), and she needs an urgent ₦1,000,000 surgery to survive.
Instead of support, Blessing’s husband called her a witch for having a sick child and threw her and their baby out onto the street.
Now, Blessing is alone, fighting for her daughter's life with nothing.
Her husband turned his back, but we will not.
AprokoNation, let's be the family she needs right now. Let's save Victory.
Account Name: Obukohwo Blessing
Account Number: 3581115542
Bank: EcoBank
If you cannot donate, please, I am begging you, your retweet is a powerful gift. It might be the one that brings the help this mother and child desperately need. God bless you.
@bra_sol22@yoshuapratama11 No she’s not. The company rather than reward her hard work sought for a way not to and told her she didn’t meet the target despite the fact that she did