• Home
  • Profile
  • Services
  • Blog
  • Shop
  • Community
  • Home
  • Profile
  • Services
  • Blog
  • Shop
  • Community
Work With Me
Work With Me
  • Home
  • Profile
  • Services
  • Blog
  • Shop
  • Community
  • Home
  • Profile
  • Services
  • Blog
  • Shop
  • Community
Menu Close
  • Business Grant
  • Business Plan
  • Executive Summaries
  • Network Marketing
  • Business Grant
  • Business Plan
  • Executive Summaries
  • Network Marketing
10 Great Ways To Make Your Money Work For You

10 Great Ways To Make Your Money Work For You

  • DayoHub

10 great ways to make your money work for you Working 9 to 7 everyday these days is not enough to bear the financial responsibilities most people have. So what if something goes wrong; God forbid, and you can’t work for a year( for some reason or the other), what then? Did you know you could make money while you’re sleeping, doing nothing at all? While you work, you can also have some of your money working, too, generating more cash for you. Here’s a look at ten ways to invest — see which ones make the most sense for you.

10 Great Ways To Make Your Money Work For You
10 Great Ways To Make Your Money Work For You
  1. Bonds

Since bank accounts tend to be insured, the interest rates they offer, paltry though they may be at times, are close to sure things. If you’re willing to take on a little more risk, though, you can do better. Consider, for example, bonds.

Long-term government bonds often offer steeper rates than bank accounts, and are backed by the federal government. Bonds sold by the federal government’s Treasury Department are called Treasurys. Note that investors don’t necessarily buy a bond when it’s first issued and then hold it to maturity, which can be several years or decades. Instead, bonds are often traded between investors, with their prices rising and falling in reaction to prevailing interest rates. When rates fall, people tend to bid up bond prices. After all, if banks are offering 2%, a 5% bond will be appealing. When interest rates rise, newer bonds with higher interest rates will be more appealing than older bonds with lower rates. If you hold a bond to maturity, you’ll generally experience little to no volatility, but if you’re dealing with bond mutual funds or are buying or selling bonds in the secondary market, know that their prices can indeed rise and fall, and meaningfully.

 

  1. Budget

The most important way to change the way you handle your money is to budget. When you are budgeting, you are making your money do what you want it to. By assigning each naira to a category, you are controlling where your money goes and what it does. This will help you to begin to reach your financial goals.

Your budget is the best tool you have next to your income to build wealth. Your budget gives you control over your finances and allows you to make financial decisions at the beginning of each month. When you master budgeting , you will be able to reach your financial goals more quickly and avoid debt. A budget is similar to a fitness tracker, and it helps you monitor your spending and income.

If you want to change your financial picture, your budget is your first step to doing that. Often people will create a budget, but fail to follow through on sticking to it or stop after a month. You need to create your budget each month, track your expenses and make changes as needed, so you are always spending less than you earn. When you make the decisions on how you will spend your money at the beginning of the month, you can decide what priorities are the most important to you and begin to make progress on your goals.

10 Great Ways To Make Your Money Work For You
10 Great Ways To Make Your Money Work For You
  1. Open a high-yield savings account

Sean Gould, a wealth strategist with Waddell and Associates and a certified financial planner, explains that before sending your money off to do the heavy lifting, you’ll want to have an emergency savings account of about six months of living expenses stored in cash. A typical savings account offers an interest rate around 0.01%, and a typical checking account is the digital equivalent of putting your money under the mattress. However, high-yield checking and saving offer interest rates that exceed 1% — 100 times what you’d get otherwise.

These accounts are usually available at online banks, which keep costs down by forgoing brick and mortar locations.

 

  1. Become a silent partner in a new business

Starting your own business can be a risky move, but if everything goes well, it can certainly pay off. Another way to reap the benefits of a successful new startup without the stress of getting a company off the ground is to become a silent partner who invests capital but doesn’t handle any of the day-to-day operations.

The prospect comes with pros and cons . You won’t have any say in how the company is run or the daily decisions active employees make. But you’ll earn a cut of any profits the business makes without putting in any long hours.

However, you still run the risk of financial loss if the venture tanks.

 

  1. Pursue a professional degree or certification

Another way your money can work for you is by increasing your worth on the job market. If you have time and money to invest in furthering your education, you can make yourself more marketable to become a higher earner.

Making yourself more marketable as an employee or professional might be as simple as joining a workshop to improve your public speaking or taking a class to master Microsoft Excel .

If you’re looking to increase your skill set but don’t have the money to help you do it, there are even tons of great free business classes available online .

 

  1. Consider Investments

Investing is one method that puts your money to work for you, but market fluctuations and poor performances can baffle even the most qualified advisors. If you want to consider investing as a way to boost your retirement savings, consider working with a financial advisor who can help keep your investments at a risk level appropriate for you.

As a mid-term activity, consider what you know about investing and your risk tolerance. That way, when you meet with a financial advisor, you will be more familiar with terms and your level of comfort with this topic.

 

  1. Dividend income

Dividend income is dividends paid to shareholders of stocks in the form of cash in your bank account. Dividend-paying stocks are especially enticing for those wanting to make a living with passive income, as they will get payouts each quarter or so. If you are going to go this route, make sure you educate yourself and pick solid stocks so that you can depend on your dividend income for years to come.

10 Great Ways To Make Your Money Work For You
10 Great Ways To Make Your Money Work For You
  1. Write a book

Once the initial work of creating the book is done, and you’ve spent some time developing an effective marketing plan, selling books can be a great way to produce some residual income. Once your book is available on a site like Amazon, you could receive a cheque each month for doing absolutely nothing.

 

  1. Affiliate marketing

Affiliate marketing can be a great way to make your money work for you. When people click on the affiliate links on your site, you receive a commission at no additional cost to them when they buy a product or service.

But you’ll first need to open a site. You can get this done by reaching out to dayohub@gmail.com or contact 08105636015.

 

  1. Real estate

Real estate is another way that your cash can make more money for you. You can buy a property, and build equity in it over time. It’s surely going to appreciate in value over time.

 

If you need more information or would like to book a consulting session with us, you can contact any of our business consultant on 08105636015 or 08076359735. Alternatively, you can send a mail to dayohub@gmail.com

Share this:

  • Tweet
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Related

Starting out in Life and Business

Starting Out in Life and Business by Dayo Adetiloye  Chapter One

Grant Winning Workbook

How to Turn Yourself into a Live Breathing Cash Machine

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

How To Start A Profitable Ecommerce Business in Nigeria
How-to-join-LiveGood-Multi-Million-Dollar-Business-Opportunity-from-Anywhere-in-the-World
unicaf 3

GI Vital Soft Gel

gi vital softgel
Business plan with AI 2
unicaf scholaship

Follow me on Facebook

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!

Dayo Adetiloye Logo

Author

Dayo Adetiloye Logo

Lets connect

Facebook Twitter Youtube

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!

Dayo Adetiloye Logo

Author

Dayo Adetiloye Logo

Lets connect

Facebook Twitter Youtube

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

Starting out in Life and Business

Starting Out in Life and Business by Dayo Adetiloye  Chapter One

Grant Winning Workbook

How to Turn Yourself into a Live Breathing Cash Machine

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

How To Start A Profitable Ecommerce Business in Nigeria
How-to-join-LiveGood-Multi-Million-Dollar-Business-Opportunity-from-Anywhere-in-the-World
unicaf 3

GI Vital Soft Gel

gi vital softgel
Business plan with AI 2
unicaf scholaship

Follow me on Facebook

Share this:

LinkedIn
Facebook
Twitter
Email
PrevPreviousTop 10 Cheapest Cars All Under N700,000
Next7 EASY WAYS OF STARTING A TRAVEL AGENCY IN NIGERIANext

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Facebook-f Twitter Youtube Instagram Linkedin
  • About
  • Dayo Speaks
  • Disclaimer
  • Shop
  • Privacy Policy
  • Sitemap
  • About
  • Dayo Speaks
  • Disclaimer
  • Shop
  • Privacy Policy
  • Sitemap

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Copyright 2025 All Rights Reserved, Dayo Adetiloye

Privacy policy

Disclaimer

 

Loading Comments...