Let Your Money Work For You, A Financial Education Workshop – RECAP

Wevvo Market place set up a webinar for the community themed “Let Your Money Work For You” on the 20th of March, 2022 which was a virtual event, Dorcas Thorpe, Head, Corporate Planning at LAPO Microfinance Bank, Nigeria who gave a detailed lecture on how to handle, save and make money.

WHAT DOES MONEY MEAN TO YOU?

  • Money will make me free.
  • Money helps provide comfort and stability.
  • Money is a medium of exchange.
  • Money gives me control.

Reconsider money and your relationship with it.

TAKE CONTROL OF YOUR FINANCES.

  • Make a budget and stick to it.
  • Track where your money goes to.
  • Treat your savings as a compulsory expense.
  • Automate your savings.
  • Don’t try to save more than you actually can.
  • Categorize your savings.

BUILD AND SUSTAIN WEALTH.

  • Keep Investing, diversify your portfolio.
  • Take calculated risks, learn to see opportunities.
  • Be a little liquid, Learn to say no.
  • Pension plans are necessary.
  • Wills, Trusts and healthcare.

MAKING MORE MONEY.

  • You have to be able to create and give value, Monetize your value and people will look for you.

Some financial tips  which include the following:

  • Remember that money is a tool, use and manage it well.
  • Categorize your savings and funds.
  • Be willing to make more money.
  • Diversify your investment portfolio.
  • Leverage – It is the sure way to wealth creation.

These tips will help to improve your finances – Let your money work for you.

 

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