If you’re reading this, chances are – you’re already receiving a salary or an income. But with inflation rising so high, and the hard state of the country right now, we can understand why growing your passive income seems so attractive right now – the truth is, we all want more money 😂. But doing this in a safe and responsible way is the only sensible way to go.
So, we’re going to help you out. 😊 Take a look at these effective ways to get money today:
Exploring investments
There are multiple investments you can make based on your risk appetite. Using your money to get you more money is a great habit to build, but even with investment, it must be done in a responsible manner.
- Fixed Income: Fixed income investments are instruments or products that give you fixed and high returns on your money for a certain time period – Our Fixed Savings gives you up to 18% p.a., and the minimum investment amount is ₦1K.
- Stocks: This carries more risk, so be careful before you jump in. A stock is an equity that represents the ownership of a fraction of the issuing business. These stocks or shares are issued on the stock exchange and can appreciate or depreciate in value. They can also be traded to make money off predicted price changes. Remember, before you go into stocks, make sure you have the necessary appetite and knowledge for a high-risk investment
- Real Estate: Real estate can be considered as property that includes land and anything permanently attached to it or built on it. Investing in real estate is a very profitable investment for the long term, as the prices of homes always rise over time. It’s generally considered expensive to invest in Real Estate, but there are some more affordable products that let you buy shares in properties; so look out, and be aware of cases of fraud, as they are also prevalent in real estate investing.
Side hustle
Starting a side hustle is another advisable way to make money. You don’t need to be a full-time business owner to make money off a skill you already have or can build.
You can turn your hobby or passion into a profitable online business. Research online on how to start your side gig, and start small initially to gain some extra income. You can offer services or sell products through social media platforms, online marketplaces, or your own website. With the increasing popularity of e-commerce, online businesses can be an excellent source of extra income. Just remember to analyze the potential returns and risks to know if it’s worth your time.
In conclusion…
The key in seeking money-making ventures is to first make sure it’s legit so that you don’t get in trouble, and analyze potential returns and risks to know if it’s worth your time.
20 thoughts on “4 ways to make more money in Nigeria”
I Love this, very interesting
That's nice to know, Jennifer. Thank you!
This good one honestly.
Thank you, Michael. We appreciate the comment
How do I go about making money,I am artist a painter
Hi George, you can research on how best to profit from your paintings through online/offline sales.
How do I get started,cos am interested
How do I get started cos am interested
Hi there, We're sorry for taking this long to get back to you. If your information meets our lending criteria, we can offer you a loan!
Please go ahead with the application to find out.
You can easily apply via the website www.renmoney.com or by downloading our mobile app from your device store.
I can log in to my account
Hi there, we're sorry for taking this long to get back to you.
You can easily apply via the website www.renmoney.com or by downloading our mobile app from your device store.
I like it
Hi there, thank you for your kind words and recommendation! We appreciate your support
Well I like the the ideals and the plans you have for your customers and working opportunities to earns that is a good plans, I like you to thrown more lights on this.
Hi there, thank you for your kind words and recommendation! We appreciate your support
Want to know more of the
Capital fixed,interested in that
Hi there, We're sorry for taking this long to get back to you. Please send a mail to app@renmoney.com for more information.
Good morning everyone pls i need ur account details to send my money today june 12 is my last day of my loan money. U can send it to my Email
Can I get the money
Hi Yakub, thanks for reaching out. If your information meets our lending criteria, we can offer you a loan! Please go ahead with the application to find out.