Skip to main content

Posts

Showing posts from May, 2024

Nigeria Treasury Bill- How To Get Rich With It

Did you know that a simple financial strategy can change your financial outcome? Well, that's exactly what happened to me. My Early Investment Journey When I graduated, I had a job that was paying me very little. After transport and other expenses, I was able to save around 100,000 naira. I decided to invest in Nigeria's treasury bills. Out of the 100,000 naira, my successful bid through my bank gave me 18,000 naira. The Lesson I Learned After receiving the 18,000 naira, I spent the money and waited all year long for the treasury bill to mature. At the end of the year, I got my 100,000 naira back. Now, I am wiser and understand the importance of compound interest. https://youtu.be/VfUYaVdbfiw Investing Wisely with Compound Interest For instance, if I'm investing 3 million naira, the current CBN rate on their website gives a return of 20%. So, 20% of 3 million naira is about 600,000 naira. With this discount investment, I get 2.4 million naira a...

Nigeria Treasury Bill- How To Get Rich With It

Did you know that a simple financial strategy can change your financial outcome? Well, that's exactly what happened to me. My Early Investment Journey When I graduated, I had a job that was paying me very little. After transport and other expenses, I was able to save around 100,000 naira. I decided to invest in Nigeria's treasury bills. Out of the 100,000 naira, my successful bid through my bank gave me 18,000 naira. The Lesson I Learned After receiving the 18,000 naira, I spent the money and waited all year long for the treasury bill to mature. At the end of the year, I got my 100,000 naira back. Now, I am wiser and understand the importance of compound interest. https://youtu.be/VfUYaVdbfiw Investing Wisely with Compound Interest For instance, if I'm investing 3 million naira, the current CBN rate on their website gives a return of 20%. So, 20% of 3 million naira is about 600,000 naira. With this discount investment, I get 2.4 million naira a...