- How much do you need to attain your financial goals? In other words, how much do you need to live comfortably monthly?
You may be comfortable with 100 hundred thousand naira monthly or 1 million naira monthly. You decide.
You can Earn #400 000 monthly
Whatever the amount is, write it down and place it where you can see it daily. Why do you need to do this? The power of visualization.
What Amount Defines Financial Freedom For Rich Mom
Earn 400 000 naira monthly. This is the amount you can begin with. Once you can start earning this money monthly in the next 5 years you’ll be somewhat comfortable
After setting your goal, you begin to do something about it daily. Because, without actions, your goals will not materialize.
- How can you earn more with your current job
- What new skill(s) can you learn
- What investment opportunity do you know?
These are questions you need to find answers to. I have done some home work for you on some of the things you can do to start on your money goal.
Invest in Crowd funding
This is a top secret to how people are making more money recently.
There are so many opportunities particularly in agriculture right now in Nigeria. With this kind of opportunity, you will be making money on auto pilot.
Some of the crowd funding platforms now pay up to 30% interest on your investment in 6-8 months. This is called putting your money where your mouth is.
All you have to do is buy the units of the farm you want to sponsor while you sit and wait for your returns. Cool, isn’t it?
Some of the farms I use and recommend are:
I invested in their carrot farm between February and May this year, 2020. After 3 months which was the farming cycle, I got all my investment back with 10% interest.
I invested in their catfish farm in March this year. The farming season which is 6 months is not yet due but they have good reviews on their website.
As soon as I get my capital and return on investment of 20%, I will update it here.
This is another agricultural platform where I invested in their rice farm. The interest rate was 30% for 8 months(due in November).
Also, I will let you know the updates as soon as I receive my ROI(return on investment).
OK, these are some of the things I am doing to achieve my goal of financial freedom.
What are you doing to achieve your goals? Let me know in the comments.