Don’t Be Stupid with Your Parents Retirement Funds

Hola…I have been out exploring the sights and wonders of Mexico. Will come back to update you on my trip later. First, let’s attend to your parents. I was reading an article online on Nairametrics about how you should invest your parents retirement. The one incredulous suggestion I saw listed on the article, was purchasing annuity from an Insurance company.

Your parents did not send you to school and

The One Thing You Must Consider With Mutual Fund

Let’s start with the basics. What is a Mutual Fund?
A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in
stocks, bonds, money market instruments, and other assets. These funds are managed by professional money managers, and these organizations abound in the country.

This Veggie Display Accurately Depicts Mutual Fund.

If you are a low income earner, your safest bet in terms of investing is mutual fund. At the end of the month when your salary hits your bank account, it might be the current norm that you are participating in a casual form of ‘Esusu’ or in today’s parlance, ‘Co-operative’ with a group of friends or colleagues. The advantage of participating in a ‘Co-operative’, is the opportunity it affords to raise moderate to large sum of money, if you are investing for the future.

Assuming you have N5,000 – N10,000 monthly to allocate for investment, I will highly recommend you set aside this sum and invest in a mutual fund over a long period of time. You might want to ask ‘When can I withdraw from a mutual fund?’ As soon as your monthly income is doubled or tripled, you can withdraw your invested sum and start allocating it to any money market instruments you select.

Why You Should Avoid A Black Guardarropa

Take a cursory glance when you walk into a office, perusing what the female employees are wearing and the color ‘Black’ , is a predominant color. Sometimes I think the official color for most Naija women is black.

My first job was at a leading financial institution. The official colors were black and dark navy blue. Gosh! How depressing it was back then. I remember thinking, there is no way I am going to be stuck up in a black or navy blue suit all day, traipsing the streets of Lagos without a personal car. The heat and humidity out there will suck the energy out of me.

My female boss who was light years ahead of her time, gave me the leeway to dress whichever way I please, so long as it was not vulgar, tight or transparent. I stuck to the bright end of the rainbow spectrum. Till date, I do not own a black handbag. While I own 2 pairs of black shoes, my shoe collection consists of orange, green, blue, pink, red, nude etc. No dull colors for me. Along the lines, female colleagues handed over cash so I could procure the same clothes for them. When the principal manager of the branch, felt my influence was rather pervasive, she approached my boss to complain and was told to ‘back off’.

One of the few things you can do, to aid your career growth in the workplace is to ditch a black wardrobe especially if you work in an office, filled with expatriates. The colors black, brown, navy blue completely washes you out. Keep in mind that your skin color is not a major consideration, by western manufacturers, when making these clothes. I am always at a loss anytime I am on vacation overseas, and see people of African descent, adorning black. Girl! YOU ARE INVISIBLE….No one and I mean no one sees you especially people of other skin colors.

This is the practical truth. The next time you are in a video conferencing call, seated in a room of expats which can range from Caucasian to Asians, take a cursory glance on the screen and see if you are visible or not. If you are wearing the colors mentioned above, chances are high that you are washed out on the screen. Let me give you a visual aid. Your hair color is black, your skin color is brown or a darker tone, you love the colors black, brown and navy blue. You need to put an end to this debilitating habit, as it makes you invisible along the corridors of power.

When a Caucasian or Asian wear black, you can interpret the fleeting emotions on their face. You on the other hand, have simply boxed yourself into a corner, as no one can interpret the emotions on your face, as you are completely washed out. The same thing occurs for Caucasians, when they adorn white and bold colors. These colors wash out their pale white skin.

Instead, adorn yourself in bold, bright colors. In the workplace, you must make it a habit of registering your presence in the minds of your expat colleagues, when you walk into any room. Bold, bright colors accentuate your skin tone and in a room filled with expats, no one will ignore you. Your opinions will be sought for. Just make sure you own your end of the intelligence angle. Trust me, you will always be remembered as the lady who leaves an impression with her color choices.

Remember, no se permiten flores de pared aquĆ­….which means, “No Wallflowers Allowed Here”. For the month of March, I am offering great savings in your cart when you purchase here.

Glossary:

Guardarropa – wardrobe

Enough OR Not Enough?

What’s Your Financial Shield?

If you are going to live the life you desire, on your own terms, without conforming to societal norms and expectations, ‘Financial Freedom’, is the main key. Now when I speak about financial freedom, its’ not all about having excess money, you’re not sure how to spend it all.

No, this is not the picture I want you to have in mind. Financial freedom will save you from making terrible, hurtful decisions. It will save you from terrible bosses, toxic workplace culture, abusive relationships where its’ mandatory to lose your individuality, so a little of your true self can survive. And in situations where you end up making terrible decisions, financial freedom will step in, to aid you in redeeming the situation. Irrespective of wherever you reside globally, this principle is a universal one.

Seeking Life Adventures

How do you determine when it is enough and you can bow out of the corporate or whichever race you are on? It is relative to each individual. Assuming you want your kids to pursue higher education in a foreign land, you want to explore the world while retired or simply want to live out your days in relative splendor. If your current monthly expense range within N50,000 – N100,000 monthly, and passive income you are currently earning is within this range, will you consider this enough?

Some might while others’ won’t. My personal yardstick is once 20-30% of annual passive income earned, can take care of your daily needs, then you have passed the yardstick. Please pat yourself on the back and take out time to evaluate goals you have set for yourself this year. Financial freedom is around the corner.

Migration

Hello Ladies,

It’s been a while. I’d like to inform you all that this blog will be migrating to a new platform by Saturday. A warm hug goes to all the incredible ladies I have met over the years while running this blog.

Change is good and it’ll only get better. I’ve set up a new home for this blog and you can visit us by clicking here or here. We’re still available to attend to all orders tat come in through this blog but you can catch up with me on all news relating to hair matters and other stuffs as well.

Thanks a lot.

Jan