Ever seen a movie where you want to be the man with the jets and Ferrari? You know having it all like Christian Grey (from the movie Fifty Shades of Grey) or having all your tickets align in your bet for the week to win millions with just #100 or being a “Boss man” like Bobby Axelrod (from the TV show Billions). Everybody wants to make money, fast and free without taking any risks and that’s ok. We weren’t all made to be risk-takers especially when it comes to money… I’m not! Financial Freedom is the route to follow if you don’t want to be broke and wishing to be a movie character all your life.
Warren Buffet gave the timeless and priceless advice “If you don’t find a way to make money while you sleep, you will work until you die” and there was really no better way to put it. If you are unable to discover a way to make passive income, you will keep having to work – usually for someone else- until you decide to retire. Now, I don’t know about you but that paints a pretty gloomy picture of the future and when I heard it, I wanted to make sure I did not end up being financially dependent until I’m all old and grey. If you are like me and would like to achieve financial freedom while earning passive income, then this is for you. I will explain the concept of passive income, introduce one of the most lucrative sources of income at the moment: The Nigerian Stock Market, and tell you how you can get involved in it!
PASSIVE INCOME IS THE WAY FORWARD
Passive income refers to a source of revenue that does not require your presence or constant attention to keep bringing money. There is a popular saying that in order for you to be financially free, your passive income should exceed your salary and cover your expenses – with money to spare. In Nigeria, it is no secret that nearly everyone relies on the second source of income, and or a “side hustle”
HOW CAN I MAKE MONEY LIKE A ROCKSTAR? – GrowMyKudi
We introduce to you a platform that is a simple user-friendly SUDO platform that is easy to navigate. The game simulation platform enables millennials get valid investment education, place virtual trade and have fun. It is an interesting way to learn how to make money using a virtual portfolio with real-time data from the Nigerian stock exchange. This means that they get to grow their portfolio with a feel of the real stock market while having a splendid time on it.
Grow My Kudi is an interactive platform for investment enthusiasts who want to explore real-time market data to virtually invest and place trades in an ever-expanding variety of investment options, and buy and sell the underlying asset leveraging Robo-Advisory -instructions, market data, top investors and watch lists. Build your investment-based portfolio, execute market orders, get financial/ investment education, and access a great community of young traders and investment enthusiasts using a simple, user-friendly and responsive platform
Recently launched on the 6th of September 2019, Grow my Kudi, the ultimate go-to-guide for investment and stock market enthusiasts. The launch consisted of a powerful welcome address from the Uwa Agbonile, CEO InfoWARE Limited, a panel discussion and a live demo of the platform.
The panelists were Ajibola Bolaji, a student of Ambassador Senior Secondary School; Minomi Ogbe (Digital Communication Expert); Opeyemi Afonja (Execution and Order Management Solutions (OEMS) Consultant – InfoWARE Limited); Olufemi Balogun (HOD Market Services NSE); and Oyedeji Oluwatimilehin (Corporate Innovation Strategist, InfoWARE Limited) acted as the anchor. The panel discussion, centered around the topic ‘Curbing Capital Market Challenges’ was very insightful. The panelists, being industry experts, proffered solutions to the problems encountered in the market such as lack of innovation, financial exclusion, institutional knowledge gap, no access to data, capital market liquidity and so on.
The live demo was very engaging as it took the audience deep into the nooks and crannies of the platform. It involved a step-by-step process on navigating the game, and also showed the connection between the platform and reality, through the finance portal that consists of real-time news that may influence the decision of a player of the game, as it relates to stocks or investment.
Benefits of Grow My Kudi
Career: The simulation game enables users learn, step by step, the process of building a portfolio. The end goal is to equip and empower users interested in creating a career as a Stock/ Financial Analyst.
Organization & Investor: Corporate organizations and Investors can leverage on this sophisticated platform for Training, Aptitude tests/ Interviews and various “What if’s” simulation scenarios.
Other benefits of the platform to users, includes but not limited to:
- Real-time experience of an actual stock market environment
- Valid “What if’s” experiments/analysis
- Get to find or figure out your investment personality
- Get an easy way to learn about stocks and prepare for investment – using a real environment.
