Money by Zikoko
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Naira Life Vol 138

Naira Life Vol 138

Also: Have you bought your Naira Life Conference tickets?

Toheeb Lanlehin
June 23, 2025

Volume 138

In partnership with

Good morning 🌞

My favourite type of Naira Life stories has one constant theme: the subject breaks down their money moves in clear, actionable detail. They offer insights into things you probably know, but rarely stop to think about.This week’s Naira Life follows the same pattern.

The subject has built a $250K net worth, but that’s not even the most interesting part. For me, it’s the crash course in angel investing. An angel investor puts money in early-stage businesses in exchange for equity. It’s an interesting concept, but also a very risky one. So, how’s he navigating that and his other investments?

Let’s jump in. Also, happy salary week.

In this letter:

The #NairaLife of a Finance Manager Who’s Chasing a $2M Net Worth

The 33-year-old in this #NairaLife had a rocky start building his savings and investment muscle. But he’s finally gotten the hang of it, thanks to a crazy income jump from ₦600k to $5k.

Now, he’s pursuing a $2m net worth. Tough? Yes, but he might know how to get there.

This is his #NairaLife

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Love Currency: The Housewife With a Self-Imposed Two-Year Deadline to Start Making Money

Ife* (27) and Leke* (30) are best friends turned lovers and have been married for a year.

For #LoveCurrency, Ife shares how being temporarily unemployed has impacted their dynamic and why Leke is the better financial manager in their union. Read the full story here

You’ve figured out survival—now it’s time to unlock growth. Join 1,000+ Nigerians at The Naira Life Con by Zikoko for a day of real, raw conversations. Are you scaling your hustle, building a business, or chasing financial freedom? This is where stories meet strategy.

Expect powerful sessions, speakers, and the community support you need to stack, scale and sustain wealth.

Get a ticket now at 30% off!

I Earn $7,800/Month Working Remotely. Here’s How I Spend, Save and Invest

What do you do when you finally start earning the kind of money you once only dreamed of?

`This product marketer breaks down exactly how she spends, saves, and invests, and what wealth looks like when it finally feels soft and stable. Read the full story here

Ask Aunty M with Reni

Hi Reni. I just started earning way better than I did, not very much but it's good (₦270k). I stay in Benin, I don't make a lot of expenses except food and clearing debts which hopefully I'll finish this month. It's almost year end, and I need to start saving/investing and I plan to invest a huge chunk of it. But the thing is, I want to invest for the short term because of my rent due at the start of 2025. Plus, I'll be moving to Lagos soon. I don't know how to go about such deals. Most times investments are long term, which isn’t a priority right now. But I also don't want to let my money sit idle in naira. What do you advise? - Hadassah, 26

Hi Hadassah, congratulations on earning more! It’s a great start. Thankfully your expenses are low so now you can put a large portion of your income towards debt and become debt free. This will free up a lot of your income towards your short and long term goals.

You need to get clear on your goals. Rent is a short term goal that you need to achieve - how much is rent going to be and how much do you currently have? Put away a set amount of money in a US domiciled savings account until you reach your goal. I would suggest that you focus on saving for the short term rather than investing for the short term. You can put it in a high interest account.

More importantly, your expenses will rise when you move from Benin to Lagos. Account for this and don’t choose your rental home based on what you can currently afford, base it on what your overall expenses will look like when you’ve moved to a higher cost of living city.

I hope this helps.

Xoxo, Reni

If you're here, you probably have a money or work dilemma. Ask your question and we'll figure out an actionable solution for you.

Where The Money At?!

We can't say we're about the money and not actually help you find the money.

So we've compiled a list of job opportunities for you. Make sure you share this with anyone who might need it because in this community, we look out for each other.

Again, don’t mention. We gatchu.