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LifeStyle

How I Transitioned From Customer Experience to Product Manager

Every week, we talk to Nigerians around the world about money and how they make it.

This week features Chinedu who works as a product manager on a mission to leave a smile on people’s faces and also does product management consulting on the side.

He talks about investing in his self, transitioning from customer experience to product manager, and how he spends money in a month.

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Halo Invest gives you access to the best financial insights, insider tips, and tools to help you improve your relationship with money.

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What do you do?

Asides from living the good life – which should be a job by the way, I’m a product manager

How do you make money?

I’m a 9 – 5er and I do some product management consulting here and there.

How did you get into it?

A long intentional journey from a customer experience role. The goal has always been to make people’s lives easier – more like leaving a smile on their faces.

Customer experience to product manager role. That’s amazing. What was that like for you?

Like I said it was intentional, there were many stages before the PM role. From CS – to a dev role – to BA/System Analyst – then Product Management. Basically, in search of how to be better positioned to solve problems.

What has your experience with your job been like so far?

Incredibly challenging and fulfilling.

What do you love most about what you do?

The smile on people’s faces when they realize that there’s a solution for their everyday needs

How do you get clients?

In my 9-5 role, that would be through market research. For the consulting, mostly through referrals.

What’s the most challenging part of your job?

Stakeholder management, basically getting a bunch of adults to behave like adults and agree on things they should agree on.

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What’s your relationship with money like?
We’re friends, very good friends

Run me through how you spend money in a month

The bills and food first (plus some small jaiye jaiye money here) – there’s a number for it, makes it easier to manage and allocate. Then there’s a defined percentage that goes into savings and/or investment. Of course, there’s black tax, but it’s always on the bottom of the list.

What are you currently saving up for and why?

Nothing at the moment. However, putting out some money is always great for your future.

What’s your savings and investment habit like?

Wealth is built gradually, so a consistent and steady investment is a must.

What’s a major thing you’ve spent money on recently that improved the quality of your life?

A treadmill.

How would you like to round off 2021? In terms of your finances and personal goals?

Personal goals? Take a break. Finances? More funds invested.

What tips do you have for anyone doing what you do but struggling to earn more?

Invest in yourself.

What has been your biggest win of 2021?

Investing in myself . I took a highly rated PM course sometime this year. It’s the Product School’s PLC course.

If you weren’t working your current job what would you rather be doing?
I’d be a footballer

What’s your financial superpower?
Making money and spending it.

What’s something you wish you invented?
The Air Conditioner.

You can also reach out to us on social@haloasset.ng if you would like to share your story too.

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Quizzes & Trivia

Quiz: What Kind of Bridesmaid Are You?

On a scale of 1 to 10, how much do you love bridesmaid duties? Take this quiz to find out what kind of bridesmaid you are.

Categories
LifeStyle

Product Design Allows Me To Build Something New Everyday

Every week, we talk to Nigerians around the world about money and how they make it.

This week features Moje, a 25-year-old who works as a product designer, illustrator and recently kicked off his cooking business.

He talks about working at a startup, the challenges, and how most of his money goes to black tax and feeding his cats.

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Halo Invest gives you access to the best financial insights, insider tips, and tools to help you improve your relationship with money.

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How do you make money?

I’m a product designer and illustrator.

How did you get into it?

I used to play with Corel draw a lot on my first laptop. After uni, I realized it was a skill I could get paid for.

What has your experience with your job been like so far?

It’s been great but it’s mostly been a job, and the most important thing has been showing up every day.

What do you love most about what you do?

That I get a chance to create something new every day.

How do you get clients?

Friends, family, recommendations, and social media.

What’s the most challenging part of your job?

It would have to be working in a start-up. Fortunately, I’m part of an amazing team.

What’s your relationship with money like?

One-sided tbh but my love is strong and she’s coming around.

Run me through how you spend money in a month.

Bills first, then food, one date for the month, and if there’s anything left, maybe one gift for myself.

Of course, this is all on paper, in reality, everything goes to black tax and feeding my cats😂

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What are you currently saving up for and why?

Tbh, mostly just so I’ll have plenty of money to be looking at. When I think it’s enough, I’ll decide on what to do with it.

I’m at a fairly content point at the moment.

What’s your savings and investment habit like?

I have saving sprouts. I just get waves of need to save and then it’s gone. I’ve been experimenting with investments but nothing major.

What’s a major thing you’ve spent money on recently that improved the quality of your life?

An iPad. It’s true, get one.

How would you like to round off 2021?

In terms of your finances and personal goals? I want to be able to afford a trip somewhere special. I might not go but I want to know that I could 😂. Okay, maybe I now have something to be saving for.

What tips do you have for anyone doing what you do but struggling to earn more?

Show up every day. I know everyone says it but do. Keep working and be deliberate about being better. Ask for better pay.

What has been your biggest win of 2021?

I moved into a bigger apartment, completed 3 projects I’m super proud of and I just started cooking again! I’ve been trying to restart my business for a whole year now.

What’s an expense you find annoying and wish you didn’t have to spend money on?

Data

what’s your financial superpower?

I earn in naira and I am not eating sand, I’m superman, please.

What’s something you wish you invented?

Bicycles.

You can also reach out to us on social@haloasset.ng if you would like to share your story too.

Categories
LifeStyle

Money Notes #17 – The Bi-Weekly Newsletter from Halo Invest

Two notes in one month. 

Only the most useful, relevant, and practical entries on finance and money. 

If you like our notes, invite your friends to subscribe here.

Money Tip

Knowledge you can use

What to do when burnout affects your wallet

Somto enjoys working from home but doesn’t know where to draw the line in his work-life balance. He finds himself constantly burnt out from working too much and sometimes having zero motivation for work or to even be present in his social life. What he doesn’t realize is how it has started to take a toll on his finances. 

How? Somto no longer makes time out for cooking. Instead, he’s turned to ordering take out and while that’s not totally bad, if we take a look at it, Somto is spending 15,000 naira on food every week as opposed to his 6,000 naira grocery budget.

After weeks of totally ignoring the debit alerts on his bank account, Somto finally took a look at his bank statement and was shocked to see he had spent 80,000 naira in the space of 3 weeks from shopping online, ordering take out, and buying other things that weren’t in his budget.

Now it’s too late for Somto to recover this 80k, but what can he do to avoid this from happening again? If you relate to Somto’s situation, there are a couple of things you can do to get out of this hole: 

1. Figure out what the problem is: Find out what’s making you feel burnt out and have a conversation with those who can help you. If you need a break from work or more structure in your work life so that you aren’t working overtime, talk to your boss. 

Let your family know what you’re going through, so they can show up for you how best they can.

2. Stick to a budget: It’s easy to create a budget, but not so easy to stick to it. Encourage yourself to follow through with your budget so you don’t run out of money or into debt.

If you find yourself using retail therapy as a coping mechanism, work on fixing it. You can also ask a friend for help, get an accountability partner or get a financial expert to guide you.

3. Do other things you love: Don’t feel guilty for taking 30 mins to 1 hour long breaks from work to breathe. Sometimes, that’s all you need.

Call up a friend to chat, go for a walk, start reading that book you’ve been meaning to read. 

4. Prioritize your finances and have an emergency fund: Your mental health is as important as your financial life. So make sure you’re taking care of both.

Set financial goals for yourself and make sure you have an emergency fund that can last you 3 to 6 months, so you are prepared if any unexpected expenses show up.

For You

Fun, useful stuff you will absolutely love!

Let’s see if you can type ‘Money’ with your eyes closed.

What’s one time you wish you could permanently change the price to $1? Check these replies.

6 money lessons you can learn from watching Squid Game.

This story on how her late partner kept his debt a secret for years.

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If you found this helpful, follow us on InstagramTwitterFacebookLinkedIn, and check our Blog for more frequent updates, tips, and tools to help you improve your relationship with money.

Categories
LifeStyle

Although I Make Money As A Psychologist, I Still Pay For Therapy.

Every week, we talk to Nigerians around the world about money and how they make it.

This week features Ibifubara, a 24-year-old psychologist who talks about how she makes money working with clients and as a research analyst.

She also opens up about going to therapy, the challenges she faces with her work and how she manages worrying about money.

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Halo Invest gives you access to the best financial insights, insider tips, and tools to help you improve your relationship with money.

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How do you make money?

I’m a psychologist and research analyst. I run a private practice and also consult for organizations (mainly mental healthcare related) on a contract basis.

How did you get into it?

I am a trained psychologist. For the research part, let’s say I stumbled on it. There was an opportunity with a company that needed a researcher with a psychology background, I applied and got the job. Ever since I’ve been taking more jobs and gaining more skills as I go.

What has your experience with your job been like so far?

Honestly, my experience has been mostly good but I’ve had tough days. A lot of tough days. There are days where I get so lost in my job, I begin to dream about clients’ issues. This happened a lot during the END SARS period.

I’m so sorry. That’s really tough.

There are times where I get to the termination stage with a client and it feels so good that I could help someone with their healing journey and there are times where I get stuck and I beat myself up about it.

However, I have support from my friends who are psychologists too. We have group meetings to help each other through tough times and also my therapist is amazing. I try to do other things like making YouTube videos to pull myself away from the world of psychology which can sometimes be draining.

So what do you love most about what you do?

Analyzing different people and situations. The process of helping someone see, truly see what the issue is and how they can navigate it is a wonderful feeling.

How do you get clients?

Most of my clients come from referrals. From people that have used my service and people that have seen me randomly on Twitter.

Then I get clients from social media too. I post my client registration 2/3 times a month and people book sessions. Also, companies reach out to me to work with them randomly too.

What’s the most challenging part of your job?

The most challenging part of my job is the uncertainty. You don’t know if you and a new client will be a good match. You don’t know if your client will get better. You don’t know if an approach would work on a client.

You don’t know how many clients you’ll get in the month. You don’t know how challenging a case will be. You don’t even know what might present itself in the future. The only thing you can be sure about is your willingness to help.

Do you believe financial stress affects mental health and how?

Yeah, financial stress affects mental health in a lot of ways.

First of all, we won’t remove the fact that we need money to do almost everything in life including feeding, shelter, clothing which are the most important things in human existence. Financial stress puts a strain on the mental health of people as feeling beaten down by these worries can lead to a lack of sleep, anxiety, depression, and low energy.

Shame, anger, fear, jealousy, guilt are also not left out as those are feelings and emotions that can spring up from having financial worries. It can damage one’s self-esteem as they can feel incapable of fulfilling the needs of themselves and loved ones.

This can result in forming unhealthy coping habits like drinking, gambling, and drugs use which aren’t supposed to be used used as coping mechanisms as too much of them can be harmful.

Basically, if your financial stress is severe, you will experience negative effects on your mental health.

That makes sense. Do you ever worry about money and how do you manage that feeling?

Yeah, I worry about money a lot. I have a planning card for when I start worrying about money if not I’ll end up frustrated and exhausted from my feelings. I start by crying all the tears, I’m a big crier and honestly can’t hold back tears so I cry.

Then I settle down and talk to my friend then after a few words of encouragement, I start putting down a plan to get my finances in check, how to get more clients or contracts, I put a plan in place. Then I start to execute that plan and if that fails, I try another. If I don’t work on my worry, it overwhelms me.

What’s something you wish people knew about therapy?

That it’s hard work. Both therapist and client have to put in the work or it doesn’t work.

Some people think it’s about coming to just talk about feelings, while that is effective in many unburdening sessions, it’s important that assignments and intentional work are done outside of the 45min-1hr of therapy.

Are there any financial self-care tips you practice to avoid financial stress?

Unfortunately no, I think I’m bad at that. I have a lot of financial stress all the time.

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What’s your relationship with money like?

LMAO I like saving and spending money equally. I don’t value one above another. I’m a saver and spender.

My relationship with money is not a healthy one. I know I have a long way to go. I hate budgeting, I just feel like once I’ve saved/invested, I can spend the rest on enjoyment.

Which sometimes is not possible because I have bills. So I end up getting stressed and feeling like I’m not earning enough which is not accurate sometimes, sometimes oh.

What are you currently saving up for and why?

A camera. I recently fell in love with video making and photography. I want the quality of my images and videos to improve especially on YouTube.

What’s your savings and investment habit like?

So I allocate 50% of my monthly earnings to my investment plan. And I save about 20% when I make a lot of money that month.

When the month is bad bad, I just take a certain amount (I try not to do less than that amount) and add to the investment plan. I pay less attention to plain savings if I’m being honest. If I want to save for something, I invest the money gradually till it makes up for what I’m saving up for instead of just leaving the money as it is and adding.

What’s a major thing you’ve spent money on recently that improved the quality of your life?

A laptop. I recently got a new laptop. So, I’ve been using my friends old laptop for a while and honestly I got angry and frustrated a lot while using that laptop. It was STRESSFUL.

Now I’m less angry and I get to work more seamlessly and if you know me, you’ll know I love to work in good conditions.

How would you like to round off 2021? In terms of your finances and personal goals?

I don’t have a savings goal Cos’ that’ll stress me out but I want to be able to invest a substantial amount of money to go back to school again. Then, I want to learn more video editing.

I want to be able to do black tax without feeling exhausted from it. And my all time favorite goal this year is to spend Christmas alone. I owe myself the peace and quiet.

What tips do you have for anyone doing what you do but struggling to earn more?

First of all, the opportunities in Nigeria are actually little, I can’t lie to you. Coupled with that, people don’t pay us our worth but please keep doing the work and don’t be afraid to apply or reach for that opportunity that’s better than where you are currently.

Gain more skills and knowledge and practice them. Save/invest from the little you have. It’s going to help you on rainy days because they’ll come. But when there are good days, omo you’ll actually feel the sun shining on you.

What has been your biggest win of 2021?

Moving out on my own and paying for rent (twice) by myself.

Love it. If you weren’t working your current job what would you rather be doing?

Writing full time.

What’s your financial superpower?

I’m a saver and spender. Usually people are either or but I really don’t think one is above another and do both.

What’s your biggest fear about money?

That I won’t ever have enough.

You can also reach out to us on social@haloasset.ng if you would like to share your story too.

Categories
Money Notes

Money Notes #16 – The Bi-Weekly Newsletter from Halo Invest

Two notes in one month. 

Only the most useful, relevant, and practical entries on finance and money. 

If you like our notes, invite your friends to subscribe here.

Money Tip

Knowledge you can use

How to invest while living paycheck to paycheck

Salary just came in for the new month, alongside the many bills that you might have to take care of. For a lot of people, this means their salary might not last till the end of the month, leaving them with nothing to save or invest – this is what is considered as living paycheck to paycheck.

If this is you, then you should start thinking about how to escape living paycheck to paycheck and build a cushion of savings and investments so you have something to fall back on in a crisis.

Investing while living paycheck to paycheck isn’t easy to do for everyone. To make it happen, you’ll need to start tracking your financescut out unnecessary expenses or adjust your lifestylesave what you canfit investing into your budget and also create other streams of income.

Consider investing as a way to pay yourself first before other bills come at you. It doesn’t matter how little, if you have any spare money from 1000 to 10,000 naira or more, you can consider investing it in mutual funds, stocks, or bonds every month. 

Make sure you do your research before investing in any company. Investing small amounts allows you to buy a portion of shares based on what you can afford. 

You should look at investing as a means to building wealth in the long run. The key to investing whether or not you’re living paycheck to paycheck is to eventually decide the amount or percentage of your income you’re willing to invest and then stick with it. 

Consistency will save you a lot of stress and once you have other streams of income, you don’t have to worry about an empty wallet by the end of the month.

A recap from our Clubhouse table talk

We wrapped up the third edition of our Clubhouse event last week Wednesday, September 22 in style! 

It was a major success thanks to our guest speakers and everyone that showed up and shared their personal experiences and opinions on the topic – Can you save your way out of poverty?

We also got to talk about saving versus investing as a wealth strategy, the benefits of cultivating a good money habit, and when do you know that you’re no longer poor?

To read some of the amazing gems our speakers dropped at the event, check this hashtag: #HaloUncut on Twitter.

Follow us on Instagram and Twitter to stay in the loop and know when we will have our next clubhouse session and send us a DM if you’d like to speak. We’re always happy to talk!

For You

Fun, useful stuff you will absolutely love!

If you are an impulsive spender, this post is for you.

Take this quiz to find out which Smart Money Woman character you are.

This is what you should do if you lose your source of income.

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If you found this helpful, follow us on InstagramTwitterFacebookLinkedIn, and check our Blog for more frequent updates, tips, and tools to help you improve your relationship with money.