MoneybyZikoko: ₦28.5 Million Saved Up, but He's Still Afraid of Poverty

Vol 50 | 16-10-2023

Good morning, {$name}. 🌞

In today’s Naira Life, we meet someone with a familiar fear: going broke. Here’s the thing — he got a ₦5m inheritance from his late dad in 2018, but he still wanted to strike out on his own. In fact, he hasn’t touched the money in years.

So what has he been doing? Turning to his skills, progressively getting better at them, and living below his means. Now, he makes about $2500/month and has ₦28.5m saved up. But you see that irrational fear of having nothing to his name? He hasn’t beat it.

Let’s get into it.

In this letter:

#NairaLife: This Front-End Engineer Has an Impressive Safety Net, but Fears He Might Go Broke
A Week in the Life: “I’m a Minister of Enjoyment”
Money Meanings: “Generational Wealth”
Game: #HowMuchLast
Where The Money At?!

#NairaLife: This Front-End Engineer Has an Impressive Safety Net, but Fears He Might Go Broke

This 26-year-old front-end engineer’s ₦3m inheritance, $2,500/month salary and ₦28.5m in savings are proof that he isn’t doing badly. But despite all of his safety nets, he has a lingering fear: losing it all and going broke.

Read his #NairaLife here

Some other great money articles you should read:

“I’m a Minister of Enjoyment” — A Week in the Life of a Pastor

The subject of this “A Week in the Life” lives two ives. She’s a trader during the day and a pastor when she’s not trading.She talks about her decision not to be a full-time pastor, balancing a 9-5 alongside her divine calling, and the many ways she enjoys herself as a human being.

An excerpt: “God “called” me almost nine times, through people and directly, and I just let that phone ring and ring. At the time, I was certain that I was built for enjoyment alone.

However, calamity struck my perfect life. The abridged version is that the person who gave me capital to set up and run my business collected everything I had built and left me out to dry.

And so, like the prodigal son, I ended up returning to my father’s house. Ever welcoming, I was received with open hands where I enrolled into various schools under the church.

Since that experience, I learnt to put God first in all my dealings. I didn’t complain when I had to stop wearing trousers and weave on. I also accepted to live by the doctrine of the church.”

What’s it like moonlighting as a pastor?

Quick one. We want to make this newsletter more valuable for you, and you can tell us how to make this happen. So, can we ask you a few questions? It’ll only be a minute.

Please don’t air me 🥺

Money Meanings

Game: #HowMuchLast

#HowMuchLast is a game where we show you an item and you tell us (and the world) the highest amount you’d pay for it.

Some weeks will be Okin biscuit, some others will be SUVs.

There is only a few unplanned expenses that get me in my feelings than hospita bills. Thankfully, a health insurance plan fixes that. I think you know this, too. So, tell me how much you’re willing to pay for a plan.

What’s the most you’d pay? Tweet at us here.

Where The Money At?!

We can’t say we’re about the money and not actually help you find the money.

So we’ve compiled a list of job opportunities for you. Make sure you share this with anyone who might need it because in this community, we look out for each other.

Again, don’t mention. We gatchu.