4 Essential Steps for You as a Nigerian to Make More Money

Simple Steps to Grow and Manage Your Finances

Judah Owolabi


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What's up, my people? I am sure you are reading this article because you really want to improve your finances, but you don’t know what to do or where to start. Then, you are in the right place.

Today, I’m going to share with you four steps that you can start doing today to take control of your financial journey.

Step 1: Create a Budget

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Let’s kick things off with the first, and arguably most important, step, i.e., creating a budget.

Budgeting is like having a personal financial roadmap. It helps you understand where your hard-earned money is coming from and where it’s going. Plus, it’s a fantastic way to discover opportunities for increasing your income.

Don’t worry if you’re new to budgeting. Begin by listing all your income sources and expenses, including entertainment, bills, transportation, and other essentials.

Then, allocate specific amounts to each category and make a commitment to stick to your budget. It’s as simple as that!

Step 2: Educate Yourself and Acquire New Skills

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When it comes to personal finance, knowledge is power.

Take the time to educate yourself on various financial topics through books, articles, podcasts, videos, and other resources.

The more you learn, the more confident and capable you’ll become of improving your financial situation.

Additionally, consider acquiring new skills that can boost your income. It’s essential to invest in yourself and develop talents that can open up new opportunities for financial growth.

Step 3: Save for Emergencies

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Emergencies can happen at any time. It’s life, my brothers and sisters, and having an emergency fund can help you avoid financial stress.

Imagine earning a good income and spending the money lavishly, only to suddenly lose your primary source of income and not even have an emergency fund.

What do you think will happen next? You can comment and give your opinions. The situation can quickly turn dire.

Aim to set aside at least three to six months’ worth of living expenses in an emergency fund.

Trust me, you’ll sleep better knowing you have a safety net to rely on during challenging times.

FYI: You shouldn’t have only one source of income.

Step 4: Live Below Your Means

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Story Story, Once upon a time, there was a guy named Idan who loved flaunting his lavish lifestyle on social media.

He believed every day was Christmas, until one day, disaster struck.

Without any savings or emergency funds, Idan found himself in a tough spot, desperately selling his luxury possessions and seeking help from his family.

Moral of the story? Living beyond your means can have severe consequences.

To grow your finances, it’s crucial to spend less than you earn and avoid unnecessary expenses.

Look for ways to cut back on non-essential spending, such as eating out less or resisting the urge to buy things you don’t truly need.

Now Take Action

In conclusion, growing your finances requires discipline, patience, and a willingness to learn.

As a young Nigerian, it’s essential to start early and make smart financial decisions.

By following these four steps I’ve shared with you guys, I’m sure you’ll gain control over your finances and build a secure financial future.

Remember, it’s never too early to plan for your financial well-being!

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Your support means the world to me! 😊 Peace✌️



Judah Owolabi

I Write about Personal Development and Finance. You can reach me here judahowolabi@gmail.