Sapa: Cash Flow
Hello my lovelies. How goes Naija? Mummies and Daddies, how are you preparing for Monday? Are you taking the kids out today since you'll be at work tomorrow? Happy Children's day in advance my sweeties.
We are still on our topic, "Sapa: Cash Flow" where we have reiterated the need for multiple cash/income streams because of the economic hardships.
During COVID and the Naira redesign bruhaha, it became glaringly evident that one needs a source of cash or multiple sources of cash. A source of cash is not the only way. The main idea of multiple income streams is to have income/funds flowing in from various sources into the individual or family purse. This is usually seperate from one's main job or primary source of income. This income can come in various ways.
If you are a 9 to 5ver, you could invest and receive ROI either in shares, stocks, bonds, business ventures, cooperatives and so on. It is no longer news that bank interests on savings accounts are not attractive. It makes sense therefore to invest your savings. But please, investigate thoroughly before doing so.
