Nigeria is currently going through an inflation period and even if you do not know what the word means, you experience it. It is a situation where things become expensive and the value of your currency drops. It hits everyone living in Nigeria, except, of course, the corrupt politicians that do not work for their money.
For instance, last week, I was recording our expenses for June, and it occurred to me that despite we procured lesser things (8 items) compared to May when we procured more things (11 items), we spent more in June, N385,500.00 compared to May when we spent N364,000.00.
What does that tell you?
The cost of things has become higher than the previous month, and despite we decided to cut down on expenses, we still spent more.
What could cause that? Inflation!
For instance, the same amount of diesel that cost N105,000.00 in May jumped to N127,000.00 in June.
If this affects an organization, then how much more as an individual?
The same sliced bread I bought for N350 one month ago now costs N550.
My bathing soap that cost N200 about 4 weeks ago now sells for N350. These suggest that if my income remains the same as in the previous months, I would be in trouble.
I am sure this also affects you, except I am living in a pluto. So, in this situation, what do you do?
The three options must be taken albeit simultaneously.
1. Increase your streams of income
To this, I have an option for you. WhatsApp Monetization. WhatsApp can be a good source of money-making for you if you learn the skills. This is why I am letting you have my course WHATSAPP MONEY-BAG MASTERCLASS for just N1000 instead of the N30,000 normal price if you get it today.
Click on the link below to take advantage of the offer.
2. Live within your means (cut out less important expenses)
This is left to you, cut out expenses that are not too important and leave the important ones so you can live within your means and not run into debt.
3. Make sure you do not lose your money trying to invest.
This is one of the worst ways through which most Nigerians are sept into poverty. I have lost quite a lot of money to bad investments but I am not alone. This is why I have taken my time to write a book on how to invest smartly. It is titled BLUEPRINT FOR SMART INVESTMENTS and will be available for preorder from the 1st of August 2022.
To receive more information about this book, kindly click on the link below.
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