#31DaysofMoney
This July, we’ll make the right money moves together. With this thread, you’ll find useful money advice, challenges, and gifts 😉
This July, we’ll make the right money moves together. With this thread, you’ll find useful money advice, challenges, and gifts 😉
Day 1: Recently, many have complained about low returns.
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Advice: Check out bond mutual funds on Cowrywise (Current returns: ~10% per annum). Please note that these funds are medium-risk. #30DaysofMoney
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Get yours: bit.ly/3gbCdbK
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Advice: Check out bond mutual funds on Cowrywise (Current returns: ~10% per annum). Please note that these funds are medium-risk. #30DaysofMoney
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Get yours: bit.ly/3gbCdbK
Day 2: You know how incompatible genotypes lead to sad stories? The same happens with investment types.
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Picking an investment that doesn’t match with your type can end in tears. #31DaysofMoney
cowrywise.com/blog/types-of-…
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Picking an investment that doesn’t match with your type can end in tears. #31DaysofMoney
cowrywise.com/blog/types-of-…
Day 3:
“How much of my money should I save?”
“How much of my money should I invest”
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There’s no perfect answer to this. However, here’s a guide on useful tips you should apply. #30DaysofMoney
cowrywise.com/blog/much-my-m…
“How much of my money should I save?”
“How much of my money should I invest”
___
There’s no perfect answer to this. However, here’s a guide on useful tips you should apply. #30DaysofMoney
cowrywise.com/blog/much-my-m…
Day 4
“You’re either ready for the storm when it comes, or you are not”
- @FuadXIV
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Learn more about emergency funds here👇🏾#31DaysofMoney
https://t.co/yOT4Teffwl
“You’re either ready for the storm when it comes, or you are not”
- @FuadXIV
___
Learn more about emergency funds here👇🏾#31DaysofMoney
https://t.co/yOT4Teffwl
Day 5
There are always downtimes with investments. The strategy is not to avoid them as they’re part of the journey. Hacking your way around that leads to greater risks.
Stay patient. Walk through the rare downtimes. It pays over the long-term. #31DaysofMoney
There are always downtimes with investments. The strategy is not to avoid them as they’re part of the journey. Hacking your way around that leads to greater risks.
Stay patient. Walk through the rare downtimes. It pays over the long-term. #31DaysofMoney
Day 6
“Obvious risk: not having three months of emergency savings.”
— Morgan Housel #31DaysofMoney
cowrywise.com/blog/emergency…
“Obvious risk: not having three months of emergency savings.”
— Morgan Housel #31DaysofMoney
cowrywise.com/blog/emergency…
Day 7
Getting rich is hard.
Staying rich is harder.
Being satisfied with your riches is hardest. #31DaysofMoney
collaborativefund.com/blog/short-mon…
Getting rich is hard.
Staying rich is harder.
Being satisfied with your riches is hardest. #31DaysofMoney
collaborativefund.com/blog/short-mon…
Day 8
You don’t need dollars to invest in the dollar mutual fund. Invest in naira, we’ll convert to dollars on your behalf. No stress. #31DaysofMoney
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Get started 👇🏾
cowrywise.com/blog/invest-in…
You don’t need dollars to invest in the dollar mutual fund. Invest in naira, we’ll convert to dollars on your behalf. No stress. #31DaysofMoney
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Get started 👇🏾
cowrywise.com/blog/invest-in…
Day 9
A Tip: Create multiple streams of income. Learn to survive on the least source and invest the others. #31DaysofMoney
A Tip: Create multiple streams of income. Learn to survive on the least source and invest the others. #31DaysofMoney
Day 11
“If you can get 1 percent better each day for one year [with your savings], you’ll end up thirty-seven times better by the time you’re done.”
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The little steps count.
#31DaysofMoney
“If you can get 1 percent better each day for one year [with your savings], you’ll end up thirty-seven times better by the time you’re done.”
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The little steps count.
#31DaysofMoney
Day 12
₦18.6 Million*50 years= ₦930 Million
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Now, if you invest just 20% of that every year, for 50 years, at 9% per annum you’ll have over ₦2 Billion.
(P.S: The interest rate compounds)
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Go beyond savings. Invest today.
#31DaysofMoney
₦18.6 Million*50 years= ₦930 Million
___
Now, if you invest just 20% of that every year, for 50 years, at 9% per annum you’ll have over ₦2 Billion.
(P.S: The interest rate compounds)
___
Go beyond savings. Invest today.
#31DaysofMoney
Day 13
“All the flowers of all the tomorrows are in the seeds of today.”
Plant some seeds with a dollar mutual fund today. #31DaysofMoney
cowrywise.com/blog/invest-in…
“All the flowers of all the tomorrows are in the seeds of today.”
Plant some seeds with a dollar mutual fund today. #31DaysofMoney
cowrywise.com/blog/invest-in…
Day 14
Start small.
₦5,000 in a money market fund.
Up your game.
₦10,000 a month.
Then ₦50,000.
Eventually, more.
Buy some eurobonds.
Hold them for years.
The market drops?
Stay through.
Invest every month.
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Inspired by The Motley Fool
#31DaysofMoney
Start small.
₦5,000 in a money market fund.
Up your game.
₦10,000 a month.
Then ₦50,000.
Eventually, more.
Buy some eurobonds.
Hold them for years.
The market drops?
Stay through.
Invest every month.
___
Inspired by The Motley Fool
#31DaysofMoney
Day 15
Stop paying for transfers.
Get/Find your friends on Cowrywise.
Make free money transfers forever.
#31DaysofMoney
cowrywise.com/blog/how-to-us…
Stop paying for transfers.
Get/Find your friends on Cowrywise.
Make free money transfers forever.
#31DaysofMoney
cowrywise.com/blog/how-to-us…
