TIPS TO SECURE YOUR FUTURE FINANCIALLY

Financial security is one of the goals of every successful and serious minded adult, among other things, it is one of the bedrocks of a good life and everyone aspires to be financially secure. As we go about setting goals for various areas of our lives, we should not neglect working towards financial security.I discussed over a manicure with one of my plus size queens and wealth adviser, Tomilola Olotu and we had a chat about some key moves everyone must take to secure their future financially. These actions are not only relevant to us as individuals but also caters for generations to come.

1. INVEST YOUR MONEYDon’t leave idle cash in your bank account. Outside of your emergency funds, any money that you do not need for one month and above can be invested in a financial instrument that will yield returns. The goal here is to ensure that your money works for you.There are various financial instruments you can take advantage of e.g. Treasury Bills, Bonds, Commercial Papers, Stocks etc, the key things to keep in mind are your objective, risk appetite and duration. You can invest in Mutual Funds if you are not too comfortable investing as an individual. Mutual Funds are collective investment schemes (i.e. a Fund Manager pools money together from a group of investors and invests on their behalf). The benefits of a Mutual Fund are competitive returns, liquidity, professional fund management and diversification among others. A Money Market Mutual Fund is a great place to start for beginner investors as this is a low risk Fund.Other types of investments include: real estate, commodities like metals, energy, businesses etc,
2. EMERGENCY SAVINGS FUNDSLike the name suggests, emergency savings funds come in handy when you have an unexpected occurrence. The size of your emergency funds can range from three months to one year of your monthly salary, it is advisable that these funds be in cash or very near cash instruments i.e. 30 to 60 day fixed deposits. Liquidity should be key for your emergency savings funds as things can happen unexpectedly and the whole point of having these funds set aside is to be prepared for such times.
3. HAVE A BUDGETTo secure your future financially, you should have a budget in place and also have short, medium and long term financial goals. The purpose of budgeting is to ensure proper allocation of your income and resources, clarity for decision making and also to measure your performance in terms of accountability and accomplishment of your goals. You can decide to have a financial accountability partner who you can trust with your information and budget plan, this will help keep you in focus and accountable.
4. INVEST IN A BUSINESSIf you don’t have the flair for entrepreneurship but want an opportunity to earn returns from companies, you can become a venture capitalist. A venture capitalist is someone who provides capital either to a startup or small companies that are looking to expand and need financing. Venture capitalists can earn huge returns if these companies are a success but also face a risk of losing funds if their pick of companies do not make the expected returns.Becoming a venture capitalist is more of a long term plan as it requires that you have adequate finances to fund a startup or small company. Things to consider as a venture capitalist are looking out for businesses with a strong management team, great competitive advantage, sizable potential market and unique product or service offering.
5. PAY BACK PLANSome of your goals i.e. buying a house, investing in real estate, starting a business might require taking a loan. Loans are not the enemy, taking a loan without doing adequate research and not having an effective pay back plan is what can spring up trouble. Before you take a loan, some questions to ask yourself are: How much principal am I able to contribute?, How long do I need to take this loan for? Will my income be sufficient to meet the monthly payments without putting a heavy constraint on the rest of my expenses?, If my main source of income goes away, do I have a back-up plan to finance this loan? These questions should lead you to do a proper accounting of your income versus your expenses and help in setting up an effective pay back plan if you choose to go ahead with taking a loan. For small businesses, there are other options for funding i.e. grants (from private and government bodies), institutions both locally and internationally that help fund businesses at a more affordable rate.
6. PLAN FOR THE NEXT GENERATIONYou are never too young to start putting plans in place to take care of your next generation. If you are planning to have a family and have children, it is important to start saving some funds for that purpose so when the time comes the money would have accumulated substantially. When investing, you can be intentional and create a children’s account either for education or expenses.Another good plan for the future is putting a will in place. There is a lot in stigma attached to having wills especially here in Africa, the general assumption is that preparing a will is like preparing to die. On the contrary, preparing a will is the responsible thing to do so that the people you love and care about the most do not have to suffer in case of any incident. Some Trustee companies have a simple will service that cover the balances in your pension and bank account. This is especially helpful to individuals who work a 9 to 5 job. The alternative to having a will is that when someone passes on, the beneficiary has to obtain a letter of administration (LOA) from the court. This can be an extremely tedious and emotionally draining process, also, there is no sure way to guarantee that the rightful beneficiary is the one that will apply for an LOA. Having a will in place will surely give you peace of mind and is more cost effective than getting an LOA.

I hope you have learnt from these tips to manage your money and secure you and your generations to come because I have.
If you need more financial advice Tomi is willing to help, you can send her a mail @ttolotu@gmail.com.

Thank you for reading.

FOOD REVIEW: THE TEA ROOM LAGOS

There are some places you go and the ambience immediately gets you feeling inspired and creatively motivated, The Tea Room is definitely one of those. You can hardly keep your camera away, you almost forget you came for the food too! The attention to details and the creativity that went into this space is commendable.

Restaurants in Lagos

Let’s get to the food and drinks… I went there for a business meeting with my business partners and friends so we get to have three people’s opinion on the menu…

Aesthetically pleasing restaurants in Lagos
Food blogger in Lagos Nigeria, Food flatlay, Lifestyle blogger in Lagos

Started with the drinks, my friend and I had wild berry smoothie and I must say that was my favorite thing from my order, it was very rich and nice. We also ordered the strawberry lagarita, she liked it and said it tastes like a “sweet strawberry beer”, she recommended that if you don’t like beer or if you don’t fancy drinking a lot you might not like it and it might be too strong for you.

Wild Strawberry smoothie
Strawberry Lagarita

Content creator life… I was trying to get a good picture of my friends’ food and a good flat lay before they started eating I forgot to take a picture of my own food until later but I had the Tuna melt panini that came with chips, there wasn’t much to my food really, it was just a regular panini, it had black olives which I am not a fan of but I would have made a mess if I had to pick out every piece. Overall it was ok, the chips was tasty which I liked.
Ayo had the Chicken pesto pasta she had this to say “the pasta was really good, the sauce was creamy, there was a good balance of pepper and cream, the pesto was really evident in the pasta but I think the portion size was quite small for the price, I have had bigger portions. The smoothie tasted really good I really enjoyed it, I would come back again”.

Pesto Pasta in Lagos

Moji had the fried chicken waffles, “It was nice, the waffles had too much of a cake like texture to it but the chicken was good, it also came with fries which was a plus and it came with a creamy sauce that tasted really good, overall I would give it a 3/5”.

Lagos restaurants, fried chicken waffles
Where to eat in Lagos

Overall we enjoyed ourselves, I liked the vibe, the food was good, reasonable price and a plus that we were allowed to freely take pictures and record videos. The service was good, the staff were friendly and welcoming. I will endeavour to get familiar with a restaurant’s menu before going in and I will advice the same if you are particular about your food like me. I will go back again. BillTuna Melt Panini- 3500Fried Chicken Waffles- 4500Pesto Chicken- 5000Wild Berry Smoothie- 3000Strawberry Lagarita- 5000

SKIN CARE WITH TOSIN OLANIYI

Taking good care of your skin has become something that isn’t compromised anymore, and with the amount of skin care products available – both foreign and locally made, and bloggers like Tosin who make choosing the best options easy, there is no reason not to have flawless skin.
Tosin Olaniyi is a Nigerian Digital Storyteller and Marketing/Advertising Strategist based in Canada, who loves to brew communication strategies that help brands grow and attract their target audience. She has a Bachelor’s Degree in Mass Communication from Babcock University, Google Certified in Online Marketing Fundamentals and is currently pursuing a Post – Graduate Degree in Advertising- Media Management. 

Curious about why Tosin went into skin care blogging… It was majorly because I wanted clear skin, I didn’t want to have to cover my skin with make up. I realized I wasn’t the only one going through skin issues so I decided to start documenting and sharing the knowledge and my journey to better skin.Also, when I started I noticed that there was a market for skin care bloggers from the response I got from brands. More so, when it comes to skin care blogging, there was no major name attached to that area so I decided to carve a niche for myself.You can find her Instagram here.
SKIN CARE PRODUCTSPeople have different skin types so what works for one might not work for the other person. I have normal skin so this recommendation will be based on normal skin to dry skin.Here’s the order of my skin care routines…Face wash, scrub, toner (rose water can be used in place of toner), serum, moisturizer, sunscreen and finally I seal everything up with Rose water again.
Let’s dive right in!First is Facial kit from NaturaGlowbyAbby which consists of the Facial Cleanser, Facial Scrub and Facial Toner.

Other products I use include…Black Head Power Liquid This black head power liquid can be used in place of the scrub because some people prefer the chemical exfoliant than the physical sugar like scrubs.

Black Head Power Liquid

Ultimate Nourishing Rice MaskTo moisturise I use this ultimate nourishing rice, I like this moisturizer because it has the texture of a lightweight cream, it absorbs easily, so it can also be used as a regular daytime or night time moisturizer.

Ultimate Nourishing Rice Mask

Ayele Sunflower SerumThis serum is more oil-based and it helps to even out skin tones, unclogs your pores and reduces break out.

Ayele Sunflower Serum

Pure Healthy Brightening SerumThis serum is lightweight, absorbs quickly into the skin and reduces the intensity of dark spots.

Pure Healthy Brightening Serum

Sunscreen

Miniso suncreen SPF 30+

TIPS FOR ALL SKIN TYPES
Though these products are for normal-dry skin, she gave us 5 tips about skin care that cuts across all skin types·             Know your skin type. This helps you to know the exact products that are perfect for your skin type.·             When washing your face, make sure to wash for a complete 1 minute (60seconds) before rinsing it off. This gives you smoother skin.·             Never deprive your skin of moisture, no matter what skin type you have. ·             Never skip sunscreen when leaving your house during the day.·             Great skin takes consistency. The best products won’t work if you are not consistent.
THE NAILSWe decided to go with a summery look which is bright, fun and colorful and added a little jazz with the half moon nail design.

Summer Nails

Neon yellow nails
Half moon neon nails

My skin will definitely thank me as I start to do some of the things I have learnt, I hope you enjoyed reading as much as we enjoyed chatting over this beautiful manicure.
Thank you.

DAY AT RELE GALLERY

I got to talk to Kehinde the manager and got some facts about Rele Gallery from her…

Rele Gallery is a female establishment, owned by Aderele Soneriwo with all female staff until that changed recently. The establishment is deliberate about empowering female artists.

Even though Rele was established in 2015 the establishment has made so much impact that it almost feels like they have been in the Art scene for longer with features and mentions from publications like Financial Times, LA Times, BBC, Guardian, Vogue etc.

ADE ‘RELE’ means the crown is coming home, home coming… so when you come to Rele Gallery you should feel at home, which makes sense because Rele exhibits works of Nigerian artists so you can feel at home and feel proud to be part of something great.

Rele gallery only exhibit Nigerian Artists, they believe in pushing for our own amazing talents here in Nigeria and Africa as a whole.

Rele represents visual artists… currently representing 5 artists, they scout for talents and look to represent and exhibit their works. Rele Gallery is currently representing Ayoola Gbolahan, Marcelina Akpojotor, Sejiro Avoseh, Dandelion and Habeeb Andu.

DEVOTIONALS THAT HAVE HELPED MY WALK WITH GOD (1).

I don’t believe it was a coincidence that I found these devotionals because at every point in my life God has used these devotionals to mold, encourage and bless me and I hope you read and be more blessed.

Hearing From God Each Morning: http://bible.com/r/3O

This devotional offers short, empowering reminders that will inspire and help you to make time with God your top priority, develop a passion for daily time with Him, understand His responses to your prayers, and maintain your relationships while spending more personal time with God.

Wait And See: http://bible.com/r/jf

This devotional helped me pass through a tough time in my life after a broken relationship where God was teaching me to wait and be at peace. It makes your painful times of waiting become sweet times with God.

The Confident Woman Devotional: http://bible.com/r/3M

This devotional helps you come to realisation that God wants you to be courageous, respected, admired, promoted, sought after, and most of all, loved. And you can be! It is a guide towards a confident life filled with love, laughter and His acceptance and it has a short prayer that helps you pray a direct and targeted prayer.

Let The Lord Heal You: Your New Beginning with God: http://bible.com/r/YZ

Regardless of your past, this devotional helps you to acknowledge the past but not dwell too much on it as each day highlights God’s new beginning for you from the scriptures.

Start Your Day Right: http://bible.com/r/3Q

This devotional is God’s direction and encouragement for you every morning with scriptures to carry you through the day. I will sharing more soon.


If you have read any of these please share something you have learnt below.