Thread by @cowrywise

#31DaysofMoney

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

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-…

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…

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://twitter.com/cowrywise/status/1279490981818257411?s=21

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

Day 6

“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…

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…

Day 9

A Tip: Create multiple streams of income. Learn to survive on the least source and invest the others. #31DaysofMoney

Day 10

✨ Wealth depends on many things. Particularly time and contentment.
#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

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

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…

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

Day 15

Stop paying for transfers.
Get/Find your friends on Cowrywise.
Make free money transfers forever.
#31DaysofMoney
cowrywise.com/blog/how-to-us…