I’ve come to realise that I write better with good music blasting in my ears. Right now, I’m listening to ‘Stand Up for the Champions’ by Right Said Fred on repeat, and honestly, it’s the perfect inspiration for this article. Why? Because my 2024 financial wrap-up is worth bragging about. Stay with me to find out how I got here.
At the start of this year, I had less than 200k across all my bank accounts. 80% of my funds and savings had gone into building my brand by mid-2023 (I wonder why no one talks about how expensive it is to grow a brand). Entering 2024, I didn’t have a solid financial plan. There was no strategy, just an intense zeal to master the art of stock trading and investments. I was an entrepreneur with one mission: Make my brand win and win big!
So, what did I do? I started gathering resources to boost my financial knowledge. But here’s the thing: I was reading the wrong stuff. The more I read about the stock market, the more confused I became lmao.
But as they say, the universe rewards effort, no matter how small. I had previously applied to United Capital, the trillion-naira investment management firm making waves across Pan-Africa (Yup, I said what I said!), and guess what? I got in by mid-January. Walking into the hub of investments turned out to be the game-changer I didn’t even know I needed.
Since joining United Capital, I’ve learned and applied a number of strategies that have helped me grow financially and that’s why I can proudly say I’m ending 2024 on a high note.
The first thing I’ve picked up along the way is that financial discipline will forever be the foundation of exponential growth. Discipline to stick to savings and investment goals. Discipline to pay your investment account first when your salary hits. Discipline to budget. Discipline to invest with a long-term mindset. And finally, discipline to keep researching, learning, and unlearning.
Next up, I learnt to start small and play safe. When stepping into the world of investments, low-risk options are your best friend. Mutual funds, FGN bonds, and treasury bills are great starting points. Once you’re grounded, you can explore securities (sorry, I mean stock trading, gotta flex my jargon a little, lol). The key is to do your homework: research, seek knowledge, and never put your money into something you don’t fully understand. (Ponzi scheme folks, I’m judging)
Finally, I have learnt that the rush for quick money will only cost you more. Take it easy, your money won’t grow like grass, more like mustard seeds but not grass hehe.
Now, have I surpassed six figures yet? Not quite. But have I mastered healthier money management strategies? Have I invested wisely? Are my finances proud of the decisions I’ve made? Absolutely, yes! And I have United Capital to thank for that.
Before you ask – nope, this isn’t a paid Ad lol. But seriously guys, download InvestNow. It’s the reason my shoulders are high, and I can sing ‘Stand Up for the Champions’ with confidence. Because boyyyy, I did that!
So, how about you? Tell me: Is your 2024 financial wrap-up worth bragging about?
It’s a safe space I promise and I’m definitely not judging.
