As a young Nigerian entrepreneur, you’re probably tired of living paycheck to paycheck. You want financial freedom, but don’t know where to start.
I’ve been in your shoes. Growing up, my grandmother’s wisdom stuck with me: “Owo ni koko, koko ni owo” – “Money is the foundation, the foundation is money.” She sold vegetables at the market in Lagos, and her financial wisdom inspired me to take control of my finances.
Here’s the truth: financial literacy isn’t taught in schools, and our parents might not have the knowledge to guide us. But that’s no excuse. We must take charge of our financial education.
So, where do you start?
Read books like “Think and Grow Rich” by Napoleon Hill, “The Richest Man in Babylon” by George S. Clason, and “Rich Dad Poor Dad” by Robert Kiyosaki.
Use the 50/30/20 rule: 50% for necessities, 30% for discretionary spending, and 20% for saving and investing.
Invest in yourself: take online courses, attend seminars, or learn from mentors.
Start small: begin with achievable goals, like saving ₦5,000 monthly.
Be disciplined: avoid impulse purchases, create a budget, and stick to it.
Take action: don’t wait for the perfect moment. Start your financial journey today.
You have the power to change your financial story. Take control of your finances, and secure your future.
