Why is financial literacy so important? Because people who are educated in the proper language of finance are less likely to make avoidable mistakes or fall into the hands of charlatans who make promises that are too good to be true. That is why Cowrywise, a well-respected authority in the space of personal finance, has put together these four (4) easy-to-understand FREE manuals to ensure you’re brought up to speed on all things money – how to make it, how to spend it, how to investment it wisely, and everything else in between. Read our quick review below to see why you need to read these books.
At a time when fraudsters, scammers, and a lot of phony get-rich-quick schemes abound, the investment tips shared in 5 Ways to Verify Investment Opportunities in Nigeria couldn’t be more relevant. Cowrywise is to be lauded for researching and publishing these tips, thus educating Nigerians on how to distinguish legitimate investment opportunities from fraudulent ones, especially during this time when the economy of many individuals has been hit hard by the pandemic and people are desperate to survive. However, bearing in mind this time-tested investment rule of thumb can be a safeguard: If an investment opportunity sounds too good to be true, then it probably is. Thank you Cowrywise for bringing that back to mind! Read book HERE.
Reading Why You Buy More Than You Planned & How to Fix it, I got to learn that there is actually an appellation for that desire to buy that extra item simply because it goes with the main item you have bought – and that is the Diderot Effect. That was quite an eye-opener! Nevertheless, like stated in the book, shopping is not bad in itself; but uncontrolled, impulsive buying is what can be inimical to wealth creation. And impulsive buying is like a vortex that can easily suck in an unwary individual, especially when there seems to be substantial disposable income available. Well, this is just me musing over lessons learned from consuming another educative content from the kitchen of Cowrywise. And like me, I believe there will be many others who will also come to know about the Diderot Effect and how to conquer it by reading Why You Buy More Than You Planned & How to Fix it. Well done Cowrywise! Read book HERE.
Another awesome piece from Cowrywise! How to Build Wealth with a 9 to 5 is full of empirically proven nuggets about wealth creation, especially within the context of working a fulltime job. I like the fact that Cowrywise made it clear in this book that not everybody is cut out to be an entrepreneur, and that entrepreneurship is not the only path to wealth. An individual can still attain real financial success even while working a 9 to 5. One wealth-building nugget I found in this book is increasing one’s income, or having multiple streams of income. The need for that can never be overemphasized, not with the present economic clime in Nigeria. If one stream of income stops, others will keep flowing. It is, therefore, wisdom to not put all one’s eggs in one basket, but rather have them distributed in different baskets, metaphorically speaking. How to Build Wealth with a 9 to 5 is definitely a good read for anybody interested in improving their financial situation. Read book HERE.
Historically, especially in Africa, women have suffered and endured financial deprivation. Therefore, it is vitally important that women are determined to fight and rise above their challenges and take advantage of opportunities to attain financial independence. And this is why reading a book like How to Create Wealth as a Woman by Cowrywise can give the impetus needed for a woman to create her own wealth and achieve real empowerment. The book contains a lot of practical suggestions that can see a woman become economically empowered. For example, it gives advice on how a woman can expand her social network and leverage that to grow financially. It also advises against holding on to the poverty mindset, which has hindered many women from making needed economic progress. Reading this book is therefore a must for any woman who is yet to figure out how to break free from the shackles of financial deprivation. The playing field is getting more and more level, and it is high time women took advantage of that fact to achieve financial freedom. Read book HERE.