A few years ago I read a quote somewhere (I am not exactly sure where), it read, “Work for money, don’t let it go until it works for you”.  The popular thing to do around here is to get a job and work for money, failure to do this daily and you would be called a lazy person. However, I have observed with keen interest that the super-rich don’t work for money but rather have money work for them. In fact, in order for one to reach true financial independence, such an individual needs to get money to work for him. Here are 3 unbeatable ways to make money work for you.

  1. Budget

It is easy to put this aside saying, “How do I make a budget of money that I don’t have?” but in actual fact, the most important way to change the way you handle your money is to have a budget. When you are budgeting you are making your money do what you want it to. By assigning each naira to a category you are controlling where your money goes and what it does. It is all about control, if you don’t take control of your finances by budgeting you would soon discover that money would take control. One big reason you should have a budget is so you can have control, be the ‘boss’.


  1. Get Out of Debt

Face it; it is easy to go into debt. Buy recharge card on credit from the mallam downstairs, buy a shoe with the benefit of an installment payment. Buy a car on a company loan, send your child to a school you cannot easily afford, live in an apartment that is way beyond your earnings. The list is endless and it goes to show that it is so easy to get into debt.

Do you know how much money you are paying in interest each time you are in debt?  Agreed, the interest may not be in cash, however, your credibility, integrity and personality is on the line each time you are in debt.  Debt often becomes a burden and limits the choices that you can make. In your budget, plan to get out of your debt; I know you may console yourself by saying that even Nigeria owes money. Trust me, one of the best things you can do with your money is to get out of debt and stay out of debt!

  1. Save Your Money

By making budget, you have gained control on your finances. Once you have mastered the art of budgeting and you have made a plan for paying off your debt, you need to begin saving aggressively.  I know some of you will say, “What is the point of putting my money in the bank and the bank using it for business”, I say, “The money is yours not the banks, it will always be yours”.  Having money saved up has a way of positively affective your psyche.  You begin to see the signs that you are in control of money, it encourages you to know that you are the ‘boss’.

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