Stella Dimoko Korkus.com: Chronicle Of Blog Visitor Narrative...

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Tuesday, July 16, 2019

Chronicle Of Blog Visitor Narrative...

Hmmmmmmmmmmmmm...









STAND ALONE NARRATIVE
ADVICE NEEDED



Hi Stella.
I love your blog and all you do. Kindly help me post this wherever it fits.

After about 3 years out of work. I’ve finally gotten a job that pays well and has job security - all praise and honour go to God.

 If I can I will one day do a never give up encouragement post. Down to business: I need advice on what I can do with the money I will come across from salary / allowance payments as I’ll have money to pay bills and some left over. I don’t want to be reckless.


 I actually just now resolved to save but save for what? I can’t just save blindly thinking one day my mind will open up to what best to invest in. But my mind says, I’d just rather save than cry over spilt milk. I don’t want to make impulse decisions and do things that aren’t for me just because I have come across some money. Mind you in these 3 years I tried business and I’m soooo discouraged the profit wasn’t much to keep me at all and now since I order from outside the supply is so slow it’s basically dragging, If I order goods and tell somebody ehn they will ask tire and even stop asking.


Somebody please help and mind you I’ll be working 8-6pm so whatever needs too much personal involvement may not work for me. Maybe I’m discouraged because of how business went but I’d rather something that doesn’t need to be gotten through agents.


If possible assist me on ideas that can help the money start multiplying itself soon.
The money is not much as to buy a house or something of that value because real estate is my true passion should I save until I can buy a house/ houses? 

Would that be too long?
Help a sister
I’m female 26, educated to masters level with a license in my chosen field and ready to work with others.
Thank you




How can we advice you when you didnt tell us how much this money is?even real estate business is not really moving much anymore cos people are buying properties like they used to............
Whatever business you decide on,if you dont have time to see to it,you can employ someone trustworthy to stand in for you....Remember that you cannot eat your cake and have it!

44 comments:

  1. Start the saving first then as time goes on what to do with it will fall in place.

    ReplyDelete
    Replies
    1. Save and buy lands

      Delete
    2. same issue i had i am 23 got a well paid job early so i was spending anyhow there was a time i opened account without collecting ATM card (i thought it was going to help) but ali express did not help my situation i went ahead to apply for a card before u know it i started spending without withdrawing sef until my aunty took me to her cooperative club @least i have my money saved there and i can request for loan any time i need NOTE NOT ALL COOPERATIVE's ARE LEGAL O

      Delete
    3. Go and read Arese Ugwu's book - Smart Money Woman. Google it. It will help you put your financial life in order. Thank me later.

      Delete
    4. Simply walk into the nearest Stambic IBTC bank near you and ask for their MONEY MARKET INVESTMENT OFFICER. It's not a banking product but an investment where you keep dropping money at your own intervals at rate as high as 18% daily interest and minimum of 12% daily interest.

      Thank me later.

      Delete
  2. How come you people are able to go to school and graduate but can’t think of business ideas? Don’t they teach you people critical thinking skills in Nigeria?

    No wonder the country is s mess and Na una go school pass. So we should give you business ideas on happening business. When everyone runs to do the business now, you will start crying about no profit. Exercise your brain and think of a business. If we give you business idea will we also teach you how to be successful at it?

    ReplyDelete
    Replies
    1. Anonymous 15:10, If you don't have any advice to give please move pass the post. You really do not have to comment. Mtcheeew

      Delete
    2. Going into business is a easy. Takes a lot of patience and perseverance. You might fail a couple of times before you eventually get it right. I do not have any business ideas instead of just leaving it sitting in your account you can walk into your bank and ask for Fixed deposit or Treasury bill rate and get some interest on your money while you decide on the kind of business you want to start.

      Delete
    3. @15:10 pls learn to shut up if u don’t have anything good to say

      Delete
    4. @15:10 made some valid points except that she expressed it negatively.

      Getting a Masters degree and a license in one's field of study should not just be a mere academic exercise. Strive to do more within that time.

      Business also takes passion to drive one to success alongside other factors.
      If someone tells you what business to do and you lack the passion for it, you will get discouraged when challenges come.

      I know how many businesses I have suggested and helped my sister set up but she floundered at them time and again. She is even much older than me.
      Now, I advised her to go for what she loves doing or has a flair for. That way she wakes up excited to do it.

      Delete
  3. Put the money in a money market fund and let it grow. You can drop in deposits every month so it keeps growing till you decide what you want to do. The advantage is that it will be getting little interests monthly and you can also withdraw when you want. Stanbic IBTC, Afrinvest… several financial institutions offer these services.

    ReplyDelete
    Replies
    1. Take this advice.save first and start treasury bill trading.It will build the initial capital then in two years time,you will know if you really want to do business or continue with it.
      You can go into distributorship rights from companies..You sale wholesale,that way you can easily manage the business from far.

      Congratulations on your new job.

      Delete
  4. What do you mean by you can't start saving blindly? Not everyone can or must do business, fine. So, you can't put money in fixed deposit or buy shares or bonds "to keep money aside for a rainy day"? Must you know when and what you'll need money for, before you start running around for it?

    ReplyDelete
  5. You have not even gotten the salary yet, you have not saved and you want people to think for you and give you ideas about a business you can do when you told us you are not good with business? Why can't you save first, even if it will take you a year, work first and make sure you keep the job. You are 26 and so hungry for money, because i can read through your write up that you want fast money, a lot that will generate from the business. Where are you rushing to? Saving should be your best option for now, there are a lot of savings account, shares or investment you can do with your bank while waiting for you to be stable with your job, who knows if you can even have those hours reduced with time? Anything you do in a rush, don't usually end well. Take time to understand your field, work and save enough that you can decide what you want to do next with your money. After that if you still don't come up with something and want to go for real estate, buying of plot of lands is actually good, just buy from a legit agency and fence it or them. Be patient, you don't sound to me as a patient individual...

    ReplyDelete
    Replies
    1. u are part of Nigeria's problem i am sure u didn't read d post b4 passing judgement. what is wrong with wanting money @ 26

      Delete
    2. anon 16:26 You are the one that is part of the Nigerian problem of greedy and money hungry youths. Thank God she is legit but still, she is not patient and that alone is bad for anybody as business requires patience and perseverance. There is a difference between wanting to be able to afford things/be financially independent and greed/money hungry because the later can put yoy in trouble. Be advised !

      Delete
    3. @ Lilian French, you are right. Why the rush?!
      She could fall for fraudsters at this pace.
      Save first.

      Another thing, be sure amy business you do in future does not distract you from your job and constitute a conflict of interest. That could get you sacked.

      Be advised! (re-echoed)

      Delete
  6. I will advise you to go into buying of land which you can resale later. Land appreciate faster. Good luck

    ReplyDelete
  7. Export is a good business. Timber and other agricultural produce. You earn in FX. We can do this together if you are interested. Let me know..

    ReplyDelete
    Replies
    1. I'm very interested, please leave your email below so we can chat.

      Delete
  8. Congratulations on the new job! May God keep it for you and may it bless you well. Start by creating your budget. A realistic one so you’ll know what you can truly save per month
    Because you didn’t say how much would be left, it’s very hard to help you decide how to spend it. But start with a good budget and plan for the balance . U can put in treasury bills for now till you decide on something else

    ReplyDelete
  9. Invest in money market fund. Its a way of saving and investing at the same time. It yields dividends everyday.

    ReplyDelete
  10. Could you please tell us your field of study and the industry you currently work. That can help me review the situation.

    ReplyDelete
  11. Keep saving your money in the bank first

    ReplyDelete
  12. Honey, you just started working, I think you should concentrate on your job for now and keep saving. Savings can be your backup plan in case of a rainy day, even if the rainy day never comes, you will have the confidence of a financially stable and secure lady.

    It's ideal to have more than one source of income but you must know the exact business you want to go into. You shouldn't start a business out of impulse, you must carry out your research and do your due diligence. Find out what the ideal start off capital would be as well as the profit. You also have to be true to yourself, if you aren't business minded don't go into business. Not everyone has an eye for business or the right temperament to deal with people. You can buy company shares or be an investor in other businesses. Of course, you must get a lawyer to advise and make sure all the necessary paperworks are in order.

    As stated earlier, sweetheart, for now focus on your new job and put in your best, no distractions. Your working hours leave you with very little wriggle room. You may find out you're exhausted by the close of work and all you want to do is relax and unwind.

    Honey, don't be too eager to start making money. Relax, give yourself enough time to strategise. Make sure you save every month. It's called "savings" for a reason. It mustn't be earmarked for a project, just allow your cash accumulate in your savings account. Should the need arise or the opportunity to invest comes or in case of an emergency, you know you don't have to run helter skelter or demean yourself to get the cash needed. Sweetie never underestimate the power of money or the confidence of an independent woman. Congratulations on your new job and I wish you the very best.
    e-hugs and kisses.

    ReplyDelete
    Replies
    1. Well said Ronalda. The poster should forget business for now and focus on the job. You cannot have a well paying job and gamble with it in the name of starting a business. Don't get me wrong, doing business is great but should not be your priority now. Save up your money now, invest in Treasury bills or get a good monthly Insurance plan with tax rebate. DO NOT ENTRUST YOUR FUNDS/START UP BUSINESS TO ANYBODY for now cause you do not have time, you will most likely regret it.

      Delete
    2. I look out for your comment always! You are smart!

      Delete
  13. Treasury bills

    ReplyDelete
  14. The first thing to do is open a mutual fund account. pls open a money market one. then make sure you always put your savings in this account. over time, your savings and investments will grow.

    You could also consider investing in reputable agri-tech companies. basically you fund a farm, after the cycle is over you are paid your capital back with interest

    I'll strongly advice you to forget any get rich scheme or business idea that may come your way for now. truth is your current salary covers your expenses and you don't have time to focus on a business.

    ReplyDelete
  15. Hi girl, invest in the money market, Stanbic’s money market fund is very good and transparent... Before anyone talks, it’s not MMM or loom, educate yourself

    ReplyDelete
  16. Stanbic money market fund is what I advise. You keep putting money anytime you have an excess and enjoy the power of compounding. Everyone in my house are investors including my 17yrs old daughter(she invests any leftover from her school allowance and cash gifts from people). It's actually good to introduce them to investments early. The older ones work with their budgets and invest the leftover cash monthly.

    ReplyDelete
  17. Go and be buying land in city outskirts and leave it for say 5 to 10 years since you want to go into real estate.it is the estimate insurance for tomorrow.God bless you

    ReplyDelete
  18. Enter your comment... kindly invest in pre school.its fun,easy and lucrative and not too expensive.it has long term values that you will love.i can help in setting it up

    ReplyDelete
  19. Save your money in a few places
    - Fixed Deposit Accounts they offer better interest than a regular savings accounts
    - Mutual Fund, this are technically investment instruments, but nice low risk ones offer you better interest than savings accounts


    Invest
    - Land but focus on location. Don't buy land just because it's 300k, is it in a location that will appreciate. E.g. anyone telling you, buy in Mowe doesn't like you, because Ibeju-Lekki is appreciating faster even if it is more expensive.

    - Home. If you make enough money, start looking into options to buy a home with a mortgage.
    - Investment Groups. finding a good group to pool money and invest money into businesses now, can pay off majorly in your later years too.
    - Yourself. Continue to improve yourself

    Enjoy
    - Invest in life experiences like travel, yes you were unemployed for a while but allow yourself to live a little, it enriches your life

    Congratulations, may this new phase in your life, last as long as possible and enrich you as much as possible

    ReplyDelete
  20. Get the salary first my sister then you start saving...whenever ideas come atleast you would have something on your pocket.

    ReplyDelete
  21. Dear poster...there is this investment option called piggy vest...there you can save for a trip buy farms in northern part of nigeria..but i advice you check piggy vest out...thanks

    ReplyDelete
  22. I would advice you start a saving plan, please do it with a bank, it comes with interest. Take your time, prepare your mind, go for training before you start. Just don’t rush it.

    ReplyDelete
  23. This is me right here as well. Someone advised taxify/uber business. I heard you buy a car and can register with a good fleet management company. They pay u monthly or so.Pls can anyone recommend good fleet management companies on the island linked to uber/taxify? I will also need to make enquiries on the mentioned names. Thanks

    ReplyDelete
  24. Babe treasury bill is the best for now.

    ReplyDelete

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