LET'S GET DELIBERATE ABOUT BUILDING WEALTH LONG TERM
Several years ago I was of the opinion that one needs to earn over N1 million ($3,000/£2,000) regularly to gradually build wealth but after studying the system. I noticed that wasn’t the case.
According to a research by Fidelity International, you can become a millionaire in 22 years 5 months by deliberately saving £20,000 per year with an interest rate of 2%
I converted £20,000 into Naira. I burst into laughter. How many employees or SMEs see N10,000,000 per annum? Let alone being able to save it.
We have that they do NOT have. We live in a high interest rate environment. We have assets that yield high return. You can NOT save your way into wealth especially in Nigeria due to the “low” income people earn compared to counterparts in developed economies
You can build wealth on an average of 20 years by being strategic about investing and compounding your growth.
If you'd like to learn about the different asset classes - TBills, Government bonds, Mutual Fund, Equities, personal development, agricultural technology and moreCalculate your Investment
MoneyAfrica offers personal finance classes in different packages
A physical class
A group online class via Zoom or Skype
« One of my 2018 priorities has been to learn more about personal finance & be smarter with money, I had a one on sone session with @tosinolaseinde and it was SO helpful and very detailed. »
« Hello Tosin, I just want to reiterate how much of an Eye-opener the last finance class was on Saturday. I consider myself an astute budgeter almost tending to being stingy, but the class showed me I am in investment creche and I could do better with money. »
« Hello Tosin. Thank you for the class last Saturday. It is the best 20K I have spent in my life. Those 3+ hours I spent in the class have re-programmed how I think about money. The information you are sharing on the whatsapp group is extremely valuable also. Keep up the good work »
« Glad I attended the Money Africa session, money well spent! It has helped me to set my personal financial goals for the years ahead, as I am now able to not only set realistic monthly budgets but also separate the wheat from the chaff in terms of investments options out there. Highly recommend Money Africa’s sessions you learn real life transferable skills! »