Prime Asset Housing Co-operative Multi-purpose Society Limited

15/05/2026

11/05/2026

🌅 MONDAY MOTIVATION — A NEW WEEK, A NEW OPPORTUNITY! 💼✨

This week, don’t just work hard — work with purpose. Every small step you take today is building the future you desire tomorrow.

Stay disciplined. Stay focused. Stay consistent. 📈

Remember, financial growth doesn’t happen by accident — it happens through smart decisions, regular savings, and consistent investment. 🚀

👉 Don’t forget to save and invest this week:

Account Name: Prime Asset Housing Multipurpose Co-operative Society
Account Number: 0167670916
Bank: GTBank

Start the week strong and let your progress speak for you. 💪💰✨

02/11/2023

A Gentle Reminder: Prioritize Savings for Your Tomorrow

Amid life's fast pace, let's not overlook the power of savings. Regularly saving, even a small amount, is the key to your financial security.

It's the cushion for unforeseen expenses, the gateway to opportunities, and the bridge to your long-term goals. Your cooperative is here to help you every step of the way.

Please remember to save. Your financial future depends on it. Let's work together to secure your dreams, one deposit at a time.

10/09/2022

7 Different Types of Income Streams

Earned Income

Earned income is your primary income stream through a job. The majority of us start here, and many go no further. For most, earned income is very limiting and has attracted the acronym, Just Over Broke!
In other words, you earn just enough to survive. Of course, some jobs pay exceptionally well, but these are exceptions, not the norm. To go beyond a job and start your own business requires taking risks and moving into profit income.

Profit Income

By selling a service or product for more than they cost, you use the basis of profit income. You could open a retail store and sell products, offer professional services and charge for your time, or combine the two.
It is one of the hardest steps to move from earned income to profit income, but it is the dream of many employees. Becoming self-employed or an entrepreneur can be a difficult road, and there are risks.

Interest Income

If you or your business has spare cash sitting in the bank account, it is losing money. There are many ways you can put your money to work and earn a passive income stream.
Maybe invest it in a savings scheme and use the power of compound interest to gain a passive income. Buying government bonds is another safe investment that will generate interest.

Dividend Income

When you buy shares in a company, you become part-owner of that company and entitled to dividend payments. Well-timed investments in companies can generate excellent passive income streams.

Rental Income

Property investment is an excellent way of protecting your money and generating an income from rent. There are two downsides to this income stream. First, it requires a substantial investment initially, unless it is part of an investment scheme. Second, releasing the cash can be time-consuming and costly, so if you may need the money quickly, this is not for you.

Capital Gains Income

Buying and selling assets can provide you with an income known as capital gains. For example, if you buy stocks and shares worth $100 and then sell them on for $120, the capital gain is $20.
It is essential to consult an accountant first about capital gains, as each country has different rules. Depending on the asset sold, the capital gains tax may wipe out all of your profit.

Royalty Income

This is a passive income stream generated by designing, building, or making something unique and charging people and businesses to use it. Musicians are a prime example. In most cases, musicians are signed to a particular label, such as Virgin Records. The record company pays to record the musicians, produce the records, market them, and sell them.
The musicians receive a royalty payment for every album sold and every time it is played to the public. Famous musicians, such as Elton John, make millions from the royalties for playing his music.

Conclusion

An old English is saying, “don’t put all your eggs in one basket.” It simply means, don’t concentrate on one thing, and applies particularly well to this article. Spreading your income streams is an excellent way of earning more money and reducing risk.

To Get started on your saving journey

Drop your comment on the comment session

God bless you as you work on your financial prudency and objectivity.

Enjoy your week

03/09/2022

5 INVESTMENT TIPS FOR BEGINNERS

What is an Investment?

An investment is an asset or item that is bought with the hope that it will generate income or appreciate in value at some point in the future. Bonds, stocks, and real estate properties are some examples of assets people invest in. Investing can help you maximise the amount of money you can earn, so you can grow your wealth and have greater financial security when you head into retirement.
In this article, I will share 5 investing tips for every beginner venturing into the world of investment.

1. Audit Your Finances and Start Saving Early

To start investing and making your money work for you, you need to have money saved for this specific purpose. Most people do not save money because they believe they do not earn enough, but the truth is that most people do not pay enough attention to their finances.
Here are some things you can try:
• Logging your daily expenses so you know exactly what your money is being spent on.
• Cutting back on unnecessary spending in order to free up cash for savings and more important expenses.
• Creating and sticking to a monthly budget to ensure you do not fall back into your old spending habits.
• Prioritising and automating your monthly savings to meet your goal of investing it when the time comes.
• Linking and funding of prepaid card.
Remember, you cannot invest money you do not have.

2. Invest in Your Financial Education

You don’t have to be a guru to make wise investment decisions, but you need to educate yourself enough to understand the market and know which factors to look out for. Here are some ways you can do this:
• Reading books about the basics of investing.
• Attending masterclasses hosted by notable financial advisors with great track records (book personal sessions if you have to).
• Getting mentored by experienced investors, either in person or by following their teachings.
• Learning from online courses and YouTube videos on the subject.
• Consulting with financial advisors to get clarity on specific areas of investments.
• Reading the business news, research reports from financial analysts, and keep an eye on the trends and activities of the companies you’ve invested in.

3. Start Now and Start Small

You don’t need to wait until you become a billionaire before you can start investing. Once you audit your finances, start saving, and start getting familiar with the investment world, it is time for you to take the leap and get your foot in the door.
Once you see your money making more money for you, your mindset towards money will be transformed for good.

4. Diversify Your Investment.

Diversifying your investment
is the safest way to invest. As you progress in your investment journey, you will come across various triggers to get rich quick by putting all your money into a few hot stocks being hyped at one point or the other, do not fall for it.
Because, historically, investments in different sectors of the economy fluctuates depending on what is happening at the time, the path to long-term wealth creation is building a diversified portfolio of stocks, bonds, real estate, and other asset classes.
When it comes to investing, do not put all your eggs in one basket.

5. Be Patient and Focus on Your Financial Goals

Nothing good comes easily especially investing. Making the decision to start investing is a struggle with your basic instinct to spend as you earn and live from pay check to pay check. You will need to be patient with yourself and focus on your financial goals in order to change your lifestyle for good.
Patience is a challenging skill to learn in the face of a market crash or boom. Experienced investors see market crashes as a time to build their portfolio at a discount, and a market boom as an opportunity to either sell at a higher price or hold on to their investments for the future.
While not without its risks, investing for your future is the most reliable way to increase your chance of amassing wealth and living the life of your dreams, start investing today

26/08/2022

8 Simple Ways to be Successful

1. Be Passionate

And do what you for love. If you don’t love it, then why do it? If we build careers or continue in jobs that really aren’t our passion, we’re selling ourselves short. It’s like the guy that is a tech consultant that really wanted to be the lead singer of a band. I’ve written about love and careers before and I think that the takeaway here is that if you really do what YOU want to do, you will be more creative, more motivated, more tuned-in, and much more likely to be very financially and personally prosperous. Katherine Hepburn said it best,
“If you have to support yourself, you had bloody well better find some way that is going to be interesting.”

2. Work Hard.

Don’t ever fool yourself—success comes from really hard work. And you might find that although you’re doing all of the heavy lifting, there is satisfaction in a job well done. But remember that you need to rely on others, so make sure that you surround yourself with colleagues that share your same work ethic.
“I do not know anyone who has got to the top without hard work. That is the recipe. It will not always get you to the top, but should get you pretty near.”–Margaret Thatcher.

3. Be Good.

And by that, I mean damn good. Successful people strive for greatness, not mediocrity. So push yourself (and your team) to ensure that you’ve reached your ultimate potential. And be sure to celebrate your wins, that not only breeds confidence among your team, it will keep your colleagues engaged and also will keep your clients or customers enfranchised. If you haven’t read the book from Good to Great, grab a copy.
James C. Collins said, “Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline.”

4. Focus.

Focus always proceeds success—which is not possible without a clear emphasis on what matters most. And leaders constantly need to remind themselves of this vital truth. Focus requires the pursuit of a mission and vision.
“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion,” said Jack Welch.

5. Push the Limits.

Richard Branson said,
“Far too many people don’t excel in life because they are too afraid of taking the necessary steps to achieve their dreams. Some manifest fear as a safeguard from failure; others don’t even try, believing that they are restricted by limits; while too many get caught up in the status quo.”
Don’t constrain yourself to thinking inside of the box and don’t allow fear to get in your way. Today, people expect more than ordinary so you need to be extraordinary to get noticed and build strong relationships with your target market. Whether you sell a product or service, you must deliver the utmost experience.

6. Serve.

Customer service excellence has always been and will always be one of the critical competitive advantages for any business. Meeting your customer’s needs will help you build a very strong and memorable brand. Be responsive, listen, and observe—then you will create value. Learn from mistakes in service.
“Your most unhappy customers are your greatest source of learning.”–Bill Gates.

7. Create Ideas.

In addition to service: ingenuity, authenticity, and forward thinking will ultimately drive your brand. Aspiration is part of the creative process. As Steve Jobs said,
“I want to put a ding in the universe.”
You must always continue to innovate, especially in a competitive market space. Push the envelope when it comes to ideation.

8. Be Persistent.

Business development and entrepreneurship should be built out of love—and any great love requires passion and persistence to capture your dream. Although you will experience setbacks and failures, you will also find success and triumph.
“You may encounter many defeats, but you must not be defeated. In fact, it may be necessary to encounter the defeats, so you can know who you are, what you can rise from, how you can still come out of it,” said Maya Angelou.

God bless you as you work on your financial prudency and objectivity.

Enjoy your week

08/08/2022

BEST SAVING TIPS

1. Save and invest

Don't underestimate your ability to save and invest. With compound interest, even modest investments now can grow over time.

2. Lighten your credit load

Paying off high-interest debt may be your best investment strategy. Few investments pay off as well, or with less risk than, eliminating high-interest debt on credit cards or other loans.

3. Boost your "rainy-day" fund.

Many experts recommend keeping about six months of expenses in a federally insured account to cover sudden unemployment or other emergencies.

4. Take charge of your money

If you don't know where it goes, start keeping track. There are plenty of tools to help you set a monthly budget and stick to it.

5. Pay yourself first

Put yourself at the top of your "payee" list. Regular automatic deductions from your paycheck or bank account into a savings or investment account will keep you on track toward your short and long-term financial goals.

6. Know your investment self.

You're the best judge of yourself. Use that knowledge to find investments that are a good match for you, based on your goals and your ability to tolerate risks.

7. Make sure your older investments still fit you

Take time to review your holdings and see if they're still appropriate for you. If you've outgrown them, it's probably time to sell them and buy something better suited to you.

8. Don't put all your eggs in one basket.

One way to reduce the risks of investing is to diversify your investment holdings. Think twice before investing heavily in shares of your employer's stock or any single investment.

9. Ignorance isn't always bliss, especially when it comes to your account statements.

Sure, it can hurt to look at statements when investments are losing value. But if you don't review your statements, you may miss problems in your accounts that are unrelated to performance.

10. Do your homework.

Asking questions about financial opportunities and checking out the answers with unbiased sources can help you make informed choices and avoid fraud.

God bless you as you work on your financial prudency and objectivity.

Enjoy your week

01/08/2022

Welcome to the New Month, which will shower you with love and color you with blessings. It will be one of the best months you have ever experienced. Dear,

Happy New Month!

04/07/2022

10 Proven Ways To Aggressively Save Money

1. Save Before You Spend

This tip seems almost too easy, but if you want to save money, then do it before you spend a single dime. Seriously! If you want to save $1,000 per month, then move $1,000 into savings every time you get your paycheck, and adjust your lifestyle to live off of what remains.
Learning to save first and spend second completely changed the way I handle money, and almost instantly doubled the amount of money I save each month. You see, for most of my life, I would just save whatever money was left over at the end of each month.
The problem with this method is that it makes the amount of money you save dependent on your spending habits. In other words, if you spend a lot, your savings suffers the consequences. Also, it puts saving money at the bottom of your financial priority list. Not good.
Whereas, if you reverse that process, and instead, save first and live off of what’s left, you are placing saving at the top of your priority list.
This is the most important thing you can do when you want to aggressively save money; which is why I put this tip at the top of the list.

2. Start A Side Hustle

I am a business-minded person, so this is my favorite tip for those of you looking to get aggressive with your savings. If you want to save more money, faster, then why not get out there and make more money?
I mean, you can easily add an extra $1,000 per month to your monthly savings by working a second job at night.
Or, if you like the idea of being your own boss, you could go start a business of your own. From what I have seen, tons of people make a great side, or even full-time living running their own business. Why not you?
If you want to start a blog, stop talking about it, and go do it.
In fact, you should read my post, Blog On A Budget: 10 Low-Cost Resources For New Bloggers. That article will help you start and run your new blog without breaking the bank.
If you want to become a freelance writer, photographer, voice actor, or videographer, then put together a portfolio website, and go drum up some business.
If you can make money pursuing one of your passions, then you should definitely go for it.
That said, if you are going to start a side business with the goal of aggressively saving money, don’t go spending thousands of dollars on an unproven venture. The goal is to make money, not bury yourself in new expenses.

3. Get On A Budget

If you want to aggressively save money, then you need to live on a tight budget. And I’m not just talking about the so called 50/30/20 budget. I mean a zero-based budget with which you account for every single dollar of your income.
As far as I have seen, a tight budget is the only effective way to eliminate financial waste in your life. And if you want to get serious about saving money, waste has no place in your life.

4. Track Your Spending

If you have a budget, but you don’t log your expenses into it, you are defeating the whole purpose. If you want to aggressively save money, you should track your spending by logging every single expense into your budget on a daily basis.
That way, if you start to drift off-course with your spending, or go a little wild with an impulse purchase, you can correct it quickly.

5. Get Out Of Debt

It’s a simple fact, the more debt payments you have, the less money you are able to save. Ipso facto, if you want to increase your savings to a level that could be considered aggressive, then you need to get out of debt.
Seriously, can you imagine if you didn’t have any monthly debt payments? I’m talking about car payments, credit card payments, mortgage payments, student loan payments, the list goes on and on.
I remember when my wife and I first decided to pay off our debt, we were spending nearly $1,000 per month on debt. Fast forward 6 months to the moment we became debt free, and we instantly increased our annual savings by $12,000. Cha-ching!
In other words, I can tell you from personal experience that if you want to aggressively save money, you need to get out of debt.
If the idea of getting out of debt sounds good to you, then be sure to check out our Debt Snowball Calculator. As you might suspect, this free tool will help you calculate your debt payoff timeline using the debt snowball method.

6. Work Overtime
If a side hustle isn’t up your alley, but you have the opportunity to work overtime, then take it! Sure, it might mean extra work, but if you can make time and a half, it’s well worth it.
So, don’t be afraid to take a few extra shifts at work. If a colleague needs you to cover a shift, say yes. If working a morning shift on thanksgiving will get you some overtime pay, then take it.
Working overtime might not be your idea of fun, but if you want to aggressively save money, it is a phenomenal opportunity.

7. Cut Down On Living Costs

I tend to focus on earning more income when you want to save more money, but cutting expenses is just as important.
If your savings account is suffering from a lack of funding, then you might need to get out the financial scissors and start cutting expenses from your budget. Seriously, there is something so satisfying about trimming the fat from your budget. (Or maybe I’m just weird.)
If you’re looking for a few ways to reduce your living expenses, here are a few:
• Cut cable
• Find cheaper car insurance
• Reduce your cell phone bill
• Reduce your internet bill
• Reduce your heating and air conditioning usage
• Turn off lights and watch less tv to reduce your electric bill
• Cancel any unused subscriptions

8. Open a High-Yield Savings Account

If you are trying to aggressively save money, but you are putting all your savings into an account that earns .001% interest, then you need to find a new savings account.
I know the difference in interest between an account that earns .001% and an account that earns 1.6% might only be a few dollars a month. But, money is money, and every little bit counts.
Think of it like this, if you were to save up $25,000 the difference between the annual interest on those two percentage rates is nearly $400. Like I said, it matters.

9. Start Investing

If you want to aggressively save money for a long-term goal, then investing is the best approach you can take. Now, I want to preface this by saying that before you start investing, you should have at least 3 months of living expenses sitting in an emergency fund. Beyond that, there shouldn’t be anything holding you back from investing.
Consider this, if you were to invest your money in an index fund that earns 10% annually, and you invest $2,000 per month, then you would end up with approximately $154,000 after 5 years. In contrast, if you were to put $2,000 into a savings account that earns 2% annually, you would end up with approximately $126,000. That’s a difference of $28,000 over the course of 5 years.
In other words, if you want to aggressively save money, don’t just save it, invest it.

10. Cook Meals At Home

Restaurants are one of the biggest budget killers out there. I mean, if you spend $10 per meal and eat out for lunch and dinner, that adds up to $600 per month, per person. And that’s a conservative estimate.
Therefore, if you want to get aggressive with your savings, then you should cook every single meal at home. And if you really want to get aggressive, just cook big enough dinners to eat leftovers for lunch every day.
Cutting restaurants from your food budget, can lead to hundreds of extra dollars of savings per month.

Final Thoughts

Saving money doesn’t have to be a slow, boring process. If you just implement a few of the strategies laid out in this post, you can seriously increase the amount of money you save each month.
Now, get out there and aggressively save some money!

To Get started on your saving journey

Send in your Savings and Cooperative Contributions to Guaranty Trust bank 🏦 0167670916, Prime Asset Housing Cooperative.

God bless you as you work on your financial prudency and objectivity.

Enjoy your week

01/07/2022

As the new month begins,

Here are my wishes for you:
May this month keep you health,

May you achieve all of your daily targets; May you remain happy and whole;

May this month be better than all of the previous months of this year!

Happy New Month to you.