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Quizzes & Trivia

Which Social Media App Finishes Your Data?

We can guess which social media app drains your data the most. Take this quiz to find out.

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Quizzes & Trivia

Quiz: Where Does All Your Money Go?

We can guess what you spend most of your money on every month. Take this quiz to find out if it’s food, data, shopping, etc.

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Features

5 Reasons Why Women Should Negotiate Their Pay

Negotiating salary is one important skill everyone needs when climbing the career ladder. A lot of women struggle to ask for more when it’s time to discuss pay with an employer or client. Unlike men, women aren’t encouraged to negotiate their pay, so as not to be seen as greedy or desperate. But this is a skill that women need to acquire in order to get what they deserve.

According to this 2020 survey by Glassdoor, 68% of women accepted the pay they were offered without negotiating. This further proves that not a lot of women have the confidence they need to know how to negotiate.

Whether you’re a freelancer, new to 9 to 5 work or you’re at the top of your career, here are 5 reasons why you should negotiate your salary as a woman.

1. It proves to your employer that you know your worth

Your confidence goes to a 100 when you know what you’re worth and you charge people for it.

Negotiating your salary with an employer allows you to get the best deal. Once they are aware of what you bring to the table: your skills, experience, and knowledge.

If you need a little motivation on how you can negotiate your salary, check out how famous women like Michaela Coel, Meryl Streep, Nicki Minaj, and Michelle Obama were able to negotiate their salary and got what they deserved.

2. Closed mouths don’t get fed

You’re doing a disservice to yourself when you don’t negotiate your salary.

People who later find out they could have been earning more in a certain role end up feeling cheated and regretting they didn’t negotiate.

You wouldn’t have to feel this way if you do your research and go into the interview knowing exactly how much you should be paid.

This also applies to asking for a promotion, asking for more or less responsibilities, going on leave when you should etc.

3. Inability to negotiate affects how you get paid

If you didn’t negotiate your salary before accepting your current role or gig, imagine how much you might have lost because you didn’t take that opportunity.

Negotiating your pay can cause a lot of anxiety but it is also worth it on the long run as you only stand to gain more.

When negotiating, you don’t just discuss your take home pay but the other benefits that come with the role.

Consider your annual leave, vacation leave, insurance, pension, and a lot more.

People who negotiate their salary are also more likely to get a raise or better pay in their current or next job.

4. Your current pay is likely to affect your next pay

When being interviewed for a job, the interviewer will most likely ask you “what was your pay in your previous role?”.

This is probably a question you don’t like to hear, but they are going to ask it anyways.

Coupled with your skills and experience, your previous pay gives them an idea of how much they want to pay.

The better you get at negotiating your pay, the more likely you are to get paid better.

5. Negotiating helps close the pay gap

You’ve probably heard stories of women not getting paid as much as their male colleagues working in the same role.

Sometimes, you’ll find out that this is because the male colleague asked for more, the woman didn’t negotiate well or the company was simply not willing to pay more.

Other things that contribute to the pay gap are qualifications, education and skills.

Understanding and assessing the salary range for a role helps you understand where to start from when negotiating. Don’t be too quick to accept the first offer.

Although gender pay gap isn’t the only pay gap affecting society, women deserve to be treated equally at work.

Have you ever negotiated your salary before? Tell us how you handled it in the comments, so other women can learn from you ✨

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Money Notes

Money Notes #23- 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.

Hot Topic in Finance

Industry conversations we think you should know

The FG has allocated N252 billion for intervention funds in 2022. This will be used as part of the Federal Government’s stimulus programmes meant for supporting small businesses, funding targeted capital projects, and reducing poverty.

Nigeria’s economy might experience a slight upward growth in 2022 (2.5%) and 2023 (2.8%), according to The World Bank’s forecast. Higher oil prices and growth in telecommunications and financial services will play a major part in achieving this. 

After seven months, The Federal Government of Nigeria has lifted the Twitter ban that shook a lot of small businesses in the country. Nigeria lost N546.5 billion during the period of this ban.

Money Tip

Knowledge you can use

How to survive January

January gets a bad rap for being the month with 90 days or more. It’s the most dreaded time of the year when salary finishes before you can even get to the end of the month.

But what if we told you it doesn’t always have to end that way? We are already halfway through January and you can still make the best of the remaining days.

Want to know how to get through January without going broke? 

We wrote about 10 ways you can manage the rest of your funds. You should definitely try numbers 4, 6, and 7.

Click this link to find out how.

For You

Fun, useful stuff you will absolutely love!

This hilarious list explains why you aren’t a millionaire yet.

Tick off this productivity bingo to see how your January is going so far.

This comic is an open letter “To All The Bosses I’ve Begged For a Job”.

Learn how vulnerability can help your reach your financial goals.

little inspiration we all need to keep going this 2022.

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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.

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Quizzes & Trivia

Naira, dollars or pounds. What currency should you earn in?

Take this quiz to find out which currency you should be making money in this year.

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Money Notes

Money Notes #22- 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.

Merry Christmas and happy holidays to you and yours. We hope you’re having a splendid holiday.

This will be the last Money Notes newsletter you’ll be receiving from us in 2021, as we all take some time to rest and enjoy the holiday. It’s been an amazing ride sending you gems this year and we look forward to what 2022 brings.

Let’s take a look back at some of the best notes and articles we shared with you this year.

Money Notes Recap

Money Notes 2: the one where we explained how you can make your first investment decision using a metaphor: Nigerian artistes as companies in the stock market.

Money Notes 4: if you’ve ever wondered what an hour of your time is worth, we broke down how to calculate it here and how to make more money with your time. 

Money Notes 5: we shared the sweet secret of compound interest here and how real estate works.

Money Notes 12: we talked about ride-hailing apps and surge. If you’re out and about this holiday, then you should read this for tips to cut costs on rides. 

Money Notes 15: want to build generational wealth? Then you should check out the gems we dropped here.

Favorite Halo Invest Reads of 2021

7 Nigerians Tell Us How They Made Their First Million
In this article, John shares how he made 6.8 million naira at age 26.

6 Money Myths That Affect Women’s Pockets
You’ve probably heard worse, but these crazy myths affecting women’s finances would make you cringe.

If The Nigerian Naira Notes Could Speak, What Would They Say
Ever wondered what Nigerian notes would say if they could speak? We made an interesting and relatable case in this article.

Looking for smart ways to collect your money back from a debtor before 2021 runs out? Read this – Here Are The Best Ways to Collect Your Money From a Debtor.

9 Financially Toxic People You Are Probably Friends With
We are not suggesting that you cut some friends off in 2022, but you might want to check if you have financially toxic people around you.

For You

Fun, useful stuff you will absolutely love!

Christmas movies that are worth watching this holiday.

A little reminder for you this Christmas.

How emojis, slang, and plain jokes are becoming the new language of investing.

Have you received Christmas money yet?
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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.

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Money Notes

Money Notes #21 – 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.

Hot Topic in Finance

Industry conversations we think you should know

Since concerns for Omicron having an economic impact have been reduced, oil prices are finally back up.

IMF said Nigeria and other sub-saharan countries need to tackle food inflation as it is the major cause of price increase. 

Money Tip

Knowledge you can use

How to set financial intentions for 2022

With just a few days left to the end of 2021, you’re probably going to get asked; ‘what’s your new year’s resolution?’ a lot in 2022. Now, a lot of us dread that question as it can cause anxiety in the new year. You shouldn’t put pressure on yourself to create resolutions, instead, you can set intentions for 2022.

You’re probably wondering, ‘what’s the difference?’ Resolutions focus on the desired outcome while intentions focus on the little actions you plan to take to reach your desired outcome.

If a digital marketer, Tony has the resolution to secure a job at a Fortune 500 company, his intentions should be to improve his skills by taking two digital marketing courses in a month, updating his CV, and then applying for roles at the Fortune 500 company. 

You can set intentions for every area of your life like relationships, career, health, and so on. Let’s talk about how you can set intentions for your financial life.

  1. Identify your ‘why’: If you plan to improve your finances in 2022, write down why it needs some improvement in a journal that you can look at whenever you need the encouragement to keep going. You can also create a money mantra that you speak into your life every day.
  2. List down your goals: In order to improve your finances, you need to have set goals to achieve them. Your goals can look like this: ‘I want to start budgeting’ or ‘I want to create an emergency fund’.

    You’ll need to set Specific, Measurable, Achievable, Relevant, and Time-bound goals to achieve them. You can decide to save 600,000 naira to build your emergency fund by the end of 12 months.
  3. Break down those goals: Your goals become your intentions by breaking them down into smaller parts.

    In order to achieve your SMART goal of building out your emergency fund, your intention would be this: “I intend to save 600,000 naira every month for the next 12 months in order to have a safety net for unexpected situations.”
  4. Get yourself an accountability partner: Your accountability partner should be on a similar journey as you. You can both rely on each other to stick to your intentions to achieve your set goals for the year. Support yourselves in the best ways possible.
  5. Go on money dates with yourself: This is a good way to check on yourself and the progress you’re making to achieving your intentions. You can do this daily, weekly, or monthly.
  6. Be realistic: So you don’t get overwhelmed by the intentions you’ve set, make sure they are realistic and achievable. If you get overwhelmed by your intentions, you can choose to review them or take a break so you have more energy to keep going.

For You

Fun, useful stuff you will absolutely love!

This interesting conversation with Marsai Martin and a financial expert on how to stay out of the financial red zone.

This hilarious video on what you need to do in order to gain financial freedom.

Mc Lively’s video is our mood for the rest of the year – Any money wey I get na enjoyment.

How Ife became financially independent at age 19

Find out how you can start embracing your main character energy.

Everyone keeps talking about Web3, but what is it?

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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.

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Money Notes

Money Notes #20- 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.

For You

Fun, useful stuff you will absolutely love!

How to say no as a people pleaser, so you don’t end up broke.

When you just paid your bills and you have some money left

Today’s Halo Feature on how this makeup artist makes money.

This hilarious meme on how you react to travel expenses this holiday season.

Davido launched a social token – $Echoke and Nigerians are excited about it.

A recap from our Clubhouse table talk

We held the fifth edition of our Clubhouse event last Wednesday, November 27 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 – Finance and Squad Goals.

We also got to talk about how to navigate financial imbalance in friendships, split the bill, and achieve financial fitness with your friends. 

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!

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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
Features

How Oyinda Balances Life As A Fashion Designer And Lawyer

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

This week features Oyinda, the lawyer and fashion designer behind the dresses that can be styled in multiple ways. She shares how a random decision to create a top out of her mother’s scarf led to the start of her fashion brand, and her plans to take a gap year from law to focus on her brand.

She also talks about how she gets customers, her plans to start budgeting in 2022, and relocating for her service year.

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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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Tell me a little bit about yourself and what you do?

I studied law at Afe Babalola University, attended the Nigerian law school in Lagos, and am now a lawyer.

I design dresses, it’s like my safe space; It is one thing that kept me company when there was nothing going for me, it helped me expand my creativity, and my personal style, it gives me the opportunity to tell people what to wear and show them how to wear it.

Having a brand also gives me the opportunity to see my dress on someone while they’re looking so gorgeous and I can proudly say that “I did that”. What people wear matters a lot because it gives so much confidence and I want to play a part in ensuring people feel their best when they step out every day.

Love it. How did you get into fashion design?

It was more of a random situation. I was at home this very day and was quite bored, then I decided I was going to take some pictures but I wanted something new to wear and since it wasn’t planned I decided to make something with one of my mum’s scarves I found.

I made a top which turned out pretty great based on the fact that I had never done anything like that before and the next day I tried out another design and kept going and now I’m here, still going.

Seeing that I could do that was inspiring even for me and I took extra efforts to learn more and do more and also expand and turn it into an actual brand.

Wow. That’s really inspiring.
Are you currently practicing law as well? How do you balance doing both your job and managing your brand?

I just became a lawyer this year and I’m currently serving at a real estate company for my NYSC placement. It’s not exactly easy because I was doing this even while I was still a student and the lockdown was actually when I had time to focus majorly on the brand which led to all of these.

I personally believe doing the two together limits my productivity because I have less time but soon I’m hoping to have a gap period to focus only on design.

A gap year. Sounds like a plan. Your brand received so much love on social media during the lockdown, did that help you gain a lot of customers? And how else do you get customers?

Yes it really did . Also get customers from my contacts on WhatsApp, friends, family, referrals as well and I’ve started exploring the use of ads on Instagram.

What was the inspiration behind creating pieces that can be worn in multiple ways?
I don’t actually remember exactly how it started but I remember feeling like a design wasn’t perfect and I had an extra piece of fabric so I added it and it looked like a different dress then I realized maybe I could keep both styles then two styles turned into four because I kept trying it and somehow it just became a thing.

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How do you determine prices for your pieces?

Well the material cost, production cost, profit, and production value. So I have to put all these into consideration before setting a price

What challenges have you faced so far running a fashion brand in Nigeria, if any?

Mostly deliveries/ dispatch rider issues and also getting materials directly so I can always have enough quantity I need for a particular material. But I doubt there are any factories in Nigeria that do this (from what I’ve learned, not entirely sure).

Oh, I get that. It must be really frustrating.

What are you currently working on?

Preparing for the new year, actually. Just rounding up for the year at the moment and we will be closing soon.

We’ll take the period to work on creating a better and more exciting brand and designs and general outlook of the brand.

Sounds exciting. What’s your money habit like?

I’m trying to save more and spend less.

I don’t keep a budget but will hopefully start doing that by the new year. That’s my resolution.

What’s something you spent money on recently that has improved the quality of your life?

A tv, I think. lol. I recently relocated due to the NYSC placement, so I got a new place to live which is why it’s a tv.

Days are usually stressful so I’m glad I can just go home and watch a show or something while just trying to regain the energy I lost during the day in my own apartment.

That’s a big win. Love it. What advice do you have for anyone just starting out a fashion brand but still figuring it out?

It’s not going to be an easy ride and they should always trust in themselves no matter what. Trust your ideas and believe in yourself so hard that even when you’re at your lowest, you still have something going on for you.

What’s an annoying expense you wish you never had to spend money on?

Data lol.

😂 Relatable. What’s your dream financial superpower?

To be able to save more.

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


Categories
Features

How I Became Financially Independent At Age 19

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

This week features Ife, a certified financial literacy instructor. She talks about gaining financial independence from home at age 19, why she decided to help people improve their financial lives, and how she pays herself first.

She also talks about why financial independence is important to her and how she builds wealth with her friends.

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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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Tell me about yourself and what you do?

I am a certified financial literacy instructor. I offer financial education training, Financial advisory, and stock portfolio management.

How did you get into this?

It started with my personal desire to build a strong financial life for myself. Over time I started influencing people around me and they trusted me for financial advice. This inspired me to study and teach more in this line.

That’s interesting. What was your financial life like before you improved it?

It was lacking. I declared financial independence from home at age 19, started my own business. I was almost always broke. This went on until I decided to be intentional about my finances.

Wow, at age 19. That’s amazing. At what point did you start investing?

Investing started much later. It started after I had enough savings for my day-to-day life. I’m sure you know being independent financially is not so easy especially if you are not getting paid a salary.

Very true. On being intentional about your finances, what changes did you make that helped you?

I learned to say some things without feeling guilty; “No! I can’t afford that now! I am not ready for that responsibility”.

Also, I addictively paid myself first (save).

Love it for you. How do you allocate your money in a month?

40% goes to my stock portfolio. 10% for faaji. 10% savings. 40% for bills.

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How do you get clients?

Referrals mostly.

Do you also have conversations about finances with your friends?

It is never missing from our conversations.

That’s really cool. How do you build wealth together?

Mostly motivation and accountability. We share information on investment opportunities and earning opportunities. We used to have a thrift system but we stopped after a year.

What’s a money myth about women you hate to hear?

Well, I have had people tell me “why are you taking money seriously, you are a fine woman just marry a rich husband”.

A very annoying and condescending statement most people say jokingly. I know I am not the only woman to have heard this 😏.

Which brings me to the question, why is financial independence important to you?

I want a good life for myself and financial independence is important to make that a reality.

Did you make any financial mistakes in 2021? And what would you do differently in 2022?

Yes, I did. I made some wrong decisions. I will pace myself more.
Set flexible and feasible goals.

Is there anything in particular that you stopped spending money on since your finances improved?

Expensive hair😁 I got on dreads this year.

What’s a financial red flag you look out for in people?

Spending money you don’t have yet is a major red flag.

Audio money 😂

What advice can you give to people who are trying to figure out how to become financially independent?

It is a personal journey. Work towards it knowing that you are in competition with no one and don’t forget to live life on the way to financial independence.

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