100379298-inflation headlines.530x298

photo credit : cnbc

Hello everyone, this post is as a result of a mail one of my readers sent. She wanted to know how to feed her family of 5 with a monthly food allowance of N15,000. I have responded to her , but then I decided to do a quick post on cheaper food substitutes during this period of high inflation.

Honestly, feeding a large family during periods like this can be a big task, this is the rainy season and crop items are usually priced higher during this cycle. Now coupled with the high inflation in our economy due to the fuel price increase and high exchange rate, prices of food items have almost doubled in price.

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strategic options 2

photocredit:smbiz

Thank God it’s Friday, I love weekends not just because I get to rest and spend quality time with my family, but also because I can have time to work for myself and develop my ideas without the guilt feeling that I am using my employers time for my personal runs.

So last 2 weeks, I started a series on strategic options for turbulent times. If you missed the first post, you can read it HERE.  Due to the current economic situation in Nigeria, we need to face reality and think optimally. This is the time for everyone to re-strategize. Continue Reading

strategic optionsHappy Friday, first I must yet again apologize for my long absence. A lot of things have happened over the past 2 months and I got distracted pursuing other stuffs.  This post is long over due, It has been in my draft folder for over 45days.

A lot has been happening in Nigeria, exchange rate is very high, inflation has hit double digit, there is a decline in purchasing power of individuals, GDP has declined over the past quarter, Government spending is severely constrained, PHCN is holding on to power and fuel has become a scare commodity. Continue Reading

4 cornersIn the past I have talked about saving money, investing, cutting costs but making money is also so key. Making money and reducing costs actually go hand in hand. This year, I have decided to join the league of people earning more money through passive income, and network marketing is one of such method that I want to tap into.  I know 3 of my friends that are earning well on multi level marketing, infact 2 of them are into it full time.

The painful thing is that we all joined together  during our NYSC period but  I wasn’t serious and aggressive as they were simply because I got a job right after NYSC and got satisfied with how much I was earning. To be honest, I kinda envy them now, they work from home and have time for their families. Each time they present to me a new MLM opportunity , I shy away because I didn’t like the products being sold and I wasn’t ready to take the risk of investing some 60k/150/200k in a business. Continue Reading

bbay on a budgetOver the weekend I went to visit a friend. Her cousin and his wife were also visiting  and I met them having a heated argument.  His wife was pregnant and was demanding for N650,000 to enable her buy the needed baby items. The man was lamenting that the amount was more than 2ce his monthly salary and he could not afford such amount. His wife is an upcoming make up artist and she doesn’t earn so much from her business.

The man was obviously getting frustrated as both ladies (his wife and my friend (his cousin)) were putting him under a lot of pressure, telling him babies were so expensive and he had no choice but to provide that amount. I didn’t want to join the debate because I felt this was family matter but then he begged me to be sincere in my response to him on how much I spent when I had my first baby. Continue Reading

20160220_162737I planned to stay indoors last Saturday because I wanted to rest, sadly I could not achieve this. The weather was so hot and dry, even after a cold shower, I still could not sleep, the fan was at full blast yet the room was so hot, the AC was also not chilling. It was as though the air stood still.

My two toddlers did not even help matters, they kept jumping and throwing toys at me, nudging me to join them in their play. Hubby was studying and also needed some peace, so he asked that I take them to the park so that they can use up their energy. Continue Reading

rantimage_lrg

photo credit : heidibetts

Hello Everyone, the past week has been very busy for me. I have draft posts on 6 different articles sitting in my folder but I have not had time to complete or let me just confess, I have been too lazy to complete them. So instead of tackling my brain on technical matters, I decided to do a fun post on random rant.  This rant has actually been on my mind for the past 2 months.

Water is a free gift from God, water is life and our bodies are made up of 70% water. To have a water bottling business, you need a borehole which is a one off cost, yes I know they have workers to pay, additives to buy, power bills and taxes to pay etc,  but the fact still remains that the main raw material which is water is locally sourced and is priced at next to nothing.

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made in nigeriaIf you are on twitter, then I am sure you must have seen the harsh tag #buynaijatogrowthenaira#.  Most of us Nigerian’s have an insatiable taste for foreign goods, even things like toilet roll, I know of someone (my sister – please don’t kill me) that will never buy Nigerian made. Unfortunately, in the face of the current economic situation, our love for these foreign items is having a negative impact on our economy and killing our naira.

Currently in the parallel market, exchange rate of Naira to Dollar is N313/$1. Naira will keep sliding down if we continue with our love for foreign products. Remember our basic demand and supply in economics? That is exactly what is happening to Naira, the supply of dollar cannot meet up with it’s demand as such it’s exchange rate keeps rising.   Continue Reading

joyIf you have not seen the movie ‘Joy’, I will encourage you to do so. The movie is based on a true life story of Joy Mangano , a self made inventor and millionaire. When I was much younger, I use to tease my mother on how she falls fast asleep few minutes into watching a movie. Little did I know that I was going to inherit that trait from her. Except I go to the cinema to watch a movie, I am usually fast asleep in less than 30mins into a movie.

It was different with Joy, right from the start I was held spell bond because it was not just another entertaining movie , it was like an entrepreneurship training movie on the trials, disappointments, tenacity and success of a budding entrepreneur .  Continue Reading

january cleanse

source – mulpix.com

Happy new month dearies. Can you believe it’s February already, the month of January went so fast .  January was rewarding for me and I hope it was for you. If it wasn’t a good month for you, dust up yourself and continue the race. The mercies of the Lord are new everyday. Failing is not the problem rather it is remaining a failure that is a problem.

I embarked on a money cleanse in January. It wasn’t planned, it just happened and I decided to flow with it. I lost my debit card and I was too lazy to go the bank to get a replacement. So I survived the whole of January on little cash. The amazing thing is that I felt so refreshed afterwards, no feeling of deprivation. Continue Reading