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How To Achieve Financial Independence In 3 Years

We become financially independent when the return on our investment can pay our bills



the richest africans financial independence

We all want to achieve financial independence. We want to live our lives free of financial worries with the capacity to afford whatever we desire, whenever we so desire.


The good news is that financial independence is available to just anyone who cares enough to know what it takes and do what they know.

Basically, we become financially independent when the returns on our investment can pay our bills. What does this mean? It simply means that if my monthly expenses were $5000 and I have $500,000 invested in an insured mutual fund that gives me an interest of $5000, it simply means I can afford to pay my monthly income for the rest of my life while having my capital intact. This is what it means to be financially independent.

So how exactly do we achieve this? Let’s look into it…


1. Build Healthy Financial Habits


One of the most beautiful things about humans is that we are creatures of habits. On a daily basis, we are either building habits that are destroying or empowering us, consciously or unconsciously. For most human beings, it takes about 50 days for a new behavior to become an automatic habit.

Stick to a productive daily routine to build healthy financial habits. When you build healthy financial habits, you will struggle less in life. The secret to our financial destiny is rooted in our daily routine. No billionaire runs a normal schedule.


2. Grow Your Skills and Network


Here’s the starting point. We make money by exchanging value for the currency. Value can be in form of skill, time, products, or services. To make money, simply render the above in good quality and people will be super glad to pay you.

Having said that, while skills and degrees are good your network is even better.

One of the greatest indicators of your future success is determined by the people who know you and trust you.

Build and maintain meaningful relationships as early as possible.

Your network is your net worth.


3. Create Multiple Streams of Income


Living on one stream of income is too big a risk for anyone. While it’s okay to start with one, work towards adding other streams at your own pace. The bigger the passive income you can build, the freer you will become.

If you’ve ever heard of the saying:

“Don’t put your eggs in 1 basket.”

Then you know that you shouldn’t rely on just 1 income source.

Start building multiple income streams today, and whatever you do, never forget that earning passive income is a form of self-care.


4. Always Pay Yourself First


The average millionaire saves and invests about 64% of their income.

Never live bigger than your paycheck if you ever want to achieve Financial Independence. This is where 99% of people fall short, and don’t join the statistics. To achieve what only 1% has achieved, you have to be willing to do what the 99% wouldn’t do.

Don’t consume, instead, use your paycheck to invest for your future.

Live like an undercover millionaire today to be a millionaire tomorrow.


5. Avoid Bad Debt Like A Plague


This is non-negotiable if you must become financially independent.

Getting out of debt is:

– 20% knowledge
– 80% a change in habit

Changing your financial habits include:

– Earning more
– Spending less
– Investing more

To live debt-free, you may have to adopt a lean life.

6. Create an Emergency Fund


63% of Americans cannot afford a $500 emergency.

That means the average American would have to resort to high-interest credit card debt to pay for surprise expenses.

Do your future self a favor and save 3 to 6 months’ worth of living expenses.


7. Protest Your Wealth From Loss


From studies, most luxury cars lose about 60% of their value after 5 years.

Millionaires don’t invest in depreciating assets like new cars.

Instead, many millionaires buy used cars and invest their money in appreciating assets like stocks or real estate.


8. Prioritize Your Health


Health is the first wealth and 76% of millionaires exercise for at least 30 minutes daily.

Never take your health for granted.

Sticking to an exercise routine and a healthy diet is key.

Remember that you cannot enjoy your wealth if you have bad health.


9. Leverage Money to Multiply Money


Study the work LEVERAGE if you want to achieve financial independence.

Albert Einstein once said:

“Compound interest is the eighth wonder of the world.”

Don’t work for your money, make your money work for you. Allow compound interest to build your wealth.


10. Fall In Love With Books


85% of millionaires read books for 30 minutes or more daily.

Books give you a chance to learn from and think like the greatest minds that have walked this earth.

If you want to succeed, you have to read.

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The Reason Nigeria’s Central Bank is debiting Banks

“For failing to satisfy the required minimum cash reserve ratio, 15 banks have been debited 838.32 billion by Nigeria’s central bank.”



The Reason Nigeria’s Central Bank is debiting Banks

For failing to satisfy the required minimum cash reserve ratio, 15 banks have been debited 838.32 billion by Nigeria’s central bank.

First Bank, Zenith Bank, Access Bank, Union Bank, United Bank for Africa, Polaris Bank, and Keystone Bank are a few of the banks that are impacted.

In an effort to stop inflation and currency devaluation in the nation, the Central Bank of Nigeria (CBN) declared in September that the CRR will be raised to 32.5%.

As a result of 15 banks failing to satisfy the required minimum cash reserve ratio (CRR) standard, the Central Bank of Nigeria has debited them 838.32 billion.

Zenith Bank (270 billion dollars), Access Bank (205 billion), United Bank for Africa (134 billion dollars), FCMB (90 billion dollars), First Bank (33 billion dollars), Union Bank (29 billion dollars), Keystone Bank (14 billion dollars), Titan Bank (11.6 billion dollars), Polaris Bank (10 billion dollars), Nova (5.5 billion dollars), Unity Bank (one billion dollars), Heritage Bank (470 million dollars), FBN Microfinance Bank (460 million dollars), and Suntrust Bank (92 million dollars) are among the affected banks.

The Reason Nigeria’s Central Bank is debiting Banks

The amount of customer deposits that must be held with the Central Bank is known as the CRR. Commercial banks are required to deposit 325 for every 1,000 that their customers deposit at the present rate of 32.5%.

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), said at a meeting of the monetary policy committee in September 2022 that the bank was increasing its CRR from 27.5% to 32.5% as part of its efforts to control rising inflation in the nation.

The benchmark interest rate was also hiked by the CBN to 15.5% in addition to the CRR.

He said that failing banks would be prohibited from using the foreign currency market until they comply with the new rule. The CBN Governor added that one of the causes of the rising inflation rate and currency depreciation was the economy’s increased liquidity.

An effective way to control the flow of money through an economy is to raise the CRR. It has an impact on banks’ access to capital as well as their capacity to extend loans. Additionally, banks’ interest rates can rise as a result of this.

It also guarantees that banks will have a sizeable reserve to fall back on if clients demand their money.


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Africa’s GDP at 35% risk to Climate Change

“The president and chief executive officer (CEO) of the Africa Finance Corporation (AFC) stated during a panel discussion at the Reuters Impact climate conference on October 3rd in London that the continent’s gross domestic product (GDP) is at danger by up to 35% due to climate concerns.”



Africa’s GDP at 35% risk to Climate Change

The president and chief executive officer (CEO) of the Africa Finance Corporation (AFC) stated during a panel discussion at the Reuters Impact climate conference on October 3rd in London that the continent’s gross domestic product (GDP) is at danger by up to 35% due to climate concerns.

He asserts that the number will continue to rise as long as Africa lacks climate change-resistant infrastructure.

The AFC, according to Zubairu, thinks that Africa has a chance to seize the moment and develop ecosystems of adaptation because of the difficulties associated with the energy transition, the energy crisis, and the food crisis that Africa and the rest of the world are experiencing.

Africa must create ecosystems that enable reforestation so that trees may absorb carbon and provide women with access to cleaner cooking options because the use of firewood as a cooking fuel depletes the forests, which serve as carbon sinks. Only 1% of the world’s finest solar resources are used, even though 60% of them are in Africa. The underdeveloped hydropower and natural gas resources of Africa could be a major factor in the current global difficulties, according to Zubairu’s statement.

To achieve a just energy transition, Zubairu stressed to the guests of the Reuters Impact conference the importance of dependable access that is affordable for the great majority of people.

In addition, he pointed out that up to 900 million Africans lack access to clean cooking, making up 80% of the world’s population without access to power.

Africa’s GDP at 35% risk to Climate Change      Africa’s GDP at 35% risk to Climate Change

“Just transition for us is access to energy that is affordable, energy access that does not compromise economic development in Africa, and energy access that allows for the key challenges around financing, and adaptation to be resolved at the same time as economic development.

“When we look at projects and opportunities, we are trying to see how we can build an ecosystem along value chains that allow for carbon neutrality as we go along but the focus is on economic development,” Zubairu says.

Numerous parties have urged to cast doubt on the philosophy underlying the Global North’s advice to Africa not to exploit its natural gas resources. Zubairu contends that asking individuals to stop using gas while imports of fuel oil or the use of coal are options is inappropriate. He claims that the AFC built Cape Verde’s first wind farm, which provides 20% of the island’s energy needs.

The company is also constructing the first independent power project (IPP) in Djibouti to replace fuel imported from Ethiopia, a gas-fired plant in Ghana to replace fuel imported in the form of fuel oil and diesel, as well as a gas plant in Senegal to use Senegalese natural gas. He claims that each of these initiatives lowers carbon emissions.

Zubairu urges Africans to be practical in his appeal for a consensus between the continent’s political and commercial elites to address the continent’s current energy poverty concerns.

He claimed that focusing on emissions reductions, to which Africans contribute the least, is not the most sensible course of action. Instead, emphasis should be placed on increasing capacity for solar energy, using electric vehicles, and altering how resources are extracted from the continent.

He claims that after mining, the minerals are sold to Asia, where they are processed before being exported to other regions of the world. He claimed that this could not go on and that Africa needed to process its mineral resources as well so that value could be captured before exports and that it could increase its mining capability.

Africa has to increase its mining capability, more minerals should be found, mined, and processed on the continent, according to Zubairu. Infrastructure capacity will rise with increased investments in adaptation.

Sudanese philanthropist Mo Ibrahim spoke forcefully for energy justice during the same panel discussion. He explained to the audience that a country’s carbon emissions increase with its level of development.

Africa’s GDP at 35% risk to Climate Change Africa’s GDP at 35% risk to Climate Change

“You cannot discuss environmental justice without addressing energy justice,” he asserts.

Despite being the lowest contributors to CO2 emissions, Africans are the ones most impacted by climate change. Desertification causes disputes between farmers and herders throughout Africa; these conflicts are distinguished by violence in Sudan and Nigeria due to environmental implications.

Africans are suffering as a result of external causes which Zubairu says he finds absurd that some people traveled to Glasgow last year and made the decision to stop funding worldwide fossil fuel projects. 600 million people in Africa lack access to electricity.

On the continent, there would be no jobs, no healthcare, and no education. Without regard for what the global South needs, the global North constantly discusses and makes decisions.

We are not allowed to use our gas, even though Europe receives half of the natural gas produced in Africa. This type of injustice must end; without Africans’ participation at the table, no one should discuss justice, he alleges.

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Heineken Invites Graduates for Finance Mgt Program in Cairo

“Graduates are invited to apply for Heineken’s Finance Management Trainee Program in Cairo.”



Heineken Invites Graduates for Finance Mgt Program in Cairo

Graduates are invited to apply for Heineken’s Finance Management Trainee Program in Cairo.

The Heineken Finance Management Trainee Program is now taking applications, and young graduates who are eager and ambitious are encouraged to apply. Graduates will have a variety of professional opportunities as a result.

The program is designed to provide you early responsibility and enable you to get started right away. Additionally, a portion of your time will be dedicated to job-specific training to ensure that you have the skills you need as an employee for our organization.

Graduates of the trainee program will have the opportunity to receive regular feedback as well as training from knowledgeable coaches.

Heineken Invites Graduates for Finance Mgt Program in Cairo

The program going by its details takes place in Cairo, Egypt; the North section of Africa and its basically centered on those in the Finance field with a Bachelor’s degree qualification. The program is intended to run for 2 years with the application date closing 30th November 2022.

The Heineken scheme covers people of different nationalities.

Rotations among the Finance department’s duties are part of the Management Trainee Program. To guarantee that the joiners have access to a variety of learning and development opportunities, you will be given a specific assignment for each role.

To apply, click here


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