MoneybyZikoko: What's Your Safety Net?

Vol 56 | 04-12-2023

Good morning, {$name}. 🌞

During the first 19 years of his life, the 33-year-old in this week’s Naira Life was oblivious to money — he didn’t pay much attention to it. But I guess having a safety net could do that to you.

Thirteen years later, a few things have changed: The concept of a safety net has taken a new meaning for him. He’s not a dependent anymore; he’s turned provider. And naturally, nobody is coming to “save” him if he doesn’t do it himself.

It’s great that he’s learned to look for opportunities, even in tight situations. And saving money. He’s kinda military about it.

Let’s get into it.

In this letter:

#NairaLife:How Could This Social Media Manager Save Double His Salary Every Month?
Telling People to “Live Below Their Means” May Be a Privileged Take
Money Meanings: “Bad Debt”
Game: #HowMuchLast
Where The Money At?!

#NairaLife: How Could This Social Media Manager Save Double His Salary Every Month?

This 33-year-old freelance social media manager has two superpowers: finding business opportunities and saving aggressively. In 2021, he managed to save ₦100k/month while working ₦40k/month job. How? Extra gigs and financial discipline.

Read his #NairaLife

Telling People to “Live Below Their Means” May Be a Privileged Take

If you spent some time on Twitter last tweet, chances are that you caught [some of] the “live below your means” conversation that broke out. It’s a very nuanced conversation, that’s for sure. In this article, Tife argues that while the intention behind giving such advice is genuine, it also comes from a place of privilege.

An excerpt: “According to the World Poverty Clock in 2023, 71 million Nigerians live in extreme poverty. 828 million people wake up every day having no idea when or where their next meal will come from. By definition, these people don’t have any excesses or expenses to cut off. Food is essential, but most can’t even afford it. You might argue that these aren’t the target audience for the “live below your means” advice, so let’s move forward”

Read the full article here

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.

It’s December, and the holiday season is upon us. Christmas decorations are hanging in the air and the IJGBs are touching down in the country. But what’s Christmas without a Christmas tree? Now, how much would you spend on one ?

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.