This will be the first edition of My Naira Journey’s monthly round-up where we will bring you the best contents in Nigeria about money: savings, investments, debts, insurance, personal development.
Everything about money that will help you improve your finances.
These contents can come from anywhere: social media, blogs, newspapers, magazines.
Anywhere we find something quite interesting that will help you improve your finances, we will share.
Now let’s begin.
- I suppose that the biggest news in the month of July is CBN newly approved policy of letting banks have access to your other bank accounts to enable them to recover their loans.
Well, if you are a serial defaulter, sorry, your time is up.
You can read more about it here. CBN Orders Seizure Of Loan Defaulters Funds Across Banks
- How do you get your children, especially your teenage children to start learning about money?
In most Nigerian household, we don’t talk about money which explain why a lot of people grow up thinking about fast money or believing that the only way to make money is through luck.
Read about it here. Preparing Your Teens to Make the Best Financial Decisions
- Personal Finance: Lessons My Driver Taught Me.
We can learn about money from anybody. Just by looking at people’s lifestyle, you can learn so much about how they manage money.
Bayo Adeyinka on a Twitter thread told an inspiring story about the money lessons he learned from his driver.
Personal Finance: Lessons My Driver Taught Me
Mr Biliaminu Lawal was one of the pool drivers in the bank I worked for circa 2005. He was humble to a fault and always called everyone, ‘Oga mi’ (my boss).
— Bayo Adeyinka (@greaterbayo) July 21, 2020
It’s a long thread, but keep at it, there are lots to learn.
- Here is another story about how to think differently and invest your money wisely.
My mother graduated in 1965 & got a teaching job at Government College, Ibadan.
The teachers were given car loans & she bought a brand new Opel Kadett.
They were to pay back the loan over 4 years.
However, one of the teachers took half of the money the others took as loan…
— #DoubtlessThouArtMyFather (Isaiah 63:16) (@harrydaniyan) July 28, 2020
- It’s not a good time to be a student. They can’t be in school, that means they can’t be with their friends and share wonderful time.
But on the other hand, they can learn new things with all the time they have at their disposal and even do something that will earn them money.
- What is the best money advice you have received?
Cowrywise asked five Nigerians the best money advice they have received.
Read what they have to say here: 5 Nigerians On The Best Money Advice They’ve Received