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Amidst the dynamic landscape of personal finance, the commencement of a new year presents an opportune time to reassess and refine your financial objectives. Stepping into 2024, let’s delve into essential tactics for attaining financial well-being, and laying the groundwork for a stable and flourishing future. Here are 10 pathways to achieving financial prosperity in 2024.

1. Set Clear Financial Goals

Begin by defining your financial objectives for the year. Whether it’s saving for a home, investing in education, or building an emergency fund, setting clear and achievable goals provides a roadmap for your financial journey.

2. Create a Realistic Budget

Crafting a detailed budget is fundamental to financial success. Evaluate your income, track your expenses, and identify areas where you can save or cut back. A well-planned budget serves as a powerful tool to manage your money efficiently.

3. Diversify Your Investments

Explore diverse investment opportunities to maximize returns and minimize risks. Consider a mix of stocks, bonds, and real estate, aligning your investment portfolio with your risk tolerance and long-term financial objectives.

4. Leverage Technology for Financial Management

Embrace financial technology tools and apps that can streamline budgeting, expense tracking, and investment management. These tools provide real-time insights into your financial health and empower you to make informed decisions.

5. Prioritize Debt Repayment

Tackle high-interest debts strategically. Prioritize repayment of loans and credit card balances to reduce interest payments and free up resources for savings and investments.

6. Enhance Financial Literacy

Stay informed about financial trends, investment strategies, and economic indicators. Continuous learning empowers you to make informed financial decisions and adapt to evolving market conditions.

7. Emergency Fund Building

Aim to build a robust emergency fund to cover unexpected expenses. Having a financial safety net provides peace of mind and prevents the need to dip into long-term investments during unforeseen circumstances.

8. Explore Additional Income Streams

Diversify your income streams by exploring side hustles, freelance opportunities, or passive income sources. Supplementing your primary income enhances financial stability and accelerates wealth-building.

9. Review and Adjust

Regularly review your financial plan and make adjustments as needed. Life is dynamic, and so should be your financial strategy. Be flexible and ready to adapt to changes in your personal or economic circumstances.

10. Seek Professional Advice

Consider consulting with financial advisors or experts to receive personalized guidance based on your unique financial situation. Professional advice can provide valuable insights and strategies tailored to your goals.

Conclusion: A Prosperous Financial Future Awaits

As we step into 2024, implementing these financial strategies can pave the way for a year of financial prosperity. With careful planning, disciplined execution, and a commitment to financial well-being, you can unlock new opportunities and build a foundation for lasting success. Cheers to a financially thriving year ahead!

Sola Adesakin’s story is one of transformation, dedication, and the power of personal experience. As a renowned finance coach, author, and mentor, she has made it her mission to simplify the complexities of money management and empower individuals to achieve their financial goals.

A Passion for Financial Empowerment

Sola Adesakin’s journey was inspired by her deep passion for helping people understand the “make-manage-multiply money” message. Her specialization lies in maximizing resources, guiding individuals to reach crucial financial milestones, and building true wealth through financial planning. Her dedication to this mission has earned her a well-deserved reputation as one of Nigeria’s most respected finance coaches.

From Financial Stress to Wealth

Throughout her career, Sola has played a pivotal role in helping both men and women bounce back from financial stress and debt, ultimately guiding them toward financial prosperity. Her expertise as an author, trained coach, and mentor has transformed countless lives, providing the knowledge and guidance needed to secure a more stable financial future.

A Portfolio of Recognition

Sola Adesakin’s remarkable contributions to the field of finance have not gone unnoticed. She was accepted into the Forbes Coaches Council, a testament to her expertise and influence in the financial industry. In 2020, she was recognized as one of Nigeria’s 100 Most Inspiring Women, showcasing the impact of her work on women’s empowerment. Additionally, she received the Women X Scholarship, a World Bank and Pan Atlantic University initiative supporting female entrepreneurs.

Educational Background and Certification

Sola’s journey into financial coaching and empowerment was fortified by her educational pursuits. She earned an HND from the Federal Polytechnic Ilaro in 2000 and later obtained a BSc degree from Oxford Brookes University in the United Kingdom in 2006. Her academic journey culminated in an MBA from the Edinburgh Business School in Scotland, making her well-equipped to guide others in their financial endeavors. Sola is also an Associate Member of the Chartered Professional Accountants of Canada (CGA CPA), a member of The Institute of Chartered Accountants of Nigeria (ICAN), and a Fellow of the Association of Chartered Accountants of the United Kingdom (ACCA).

A Vision Realized

Sola’s journey with finances, including debt and financial mismanagement, served as a driving force behind her commitment to teaching financial literacy to others. She recognized that formal education often falls short in equipping individuals with the knowledge needed to manage and multiply their money. After discovering a book that simplified money management, she adopted financial literacy, discipline, and budgeting, enabling her to save and earn seven-digit returns on her investments. Her journey taught her that personal responsibility is the key to breaking free from financial struggles.

An Author and Advocate

Sola Adesakin’s commitment to financial empowerment extends to her writing. She has authored eight books and numerous articles, sharing her insights and expertise on financial literacy with people of all ages and backgrounds. Her work has been featured in local and global publications, further expanding her influence.

Awards and Recognitions

Sola’s contributions to the field of finance have earned her several awards and recognitions, underscoring her impact:

  • Recipient of the Women X Scholarship, an initiative by the World Bank and Pan Atlantic University for female entrepreneurs.
  • Recognized as one of Nigeria’s 100 Most Inspiring Women in 2020 by The Guardian Nigeria News.
  • Acknowledged as one of the 100 Power Women of 2021 by the Power Woman Network.
  • Participant in the Academy for Women Entrepreneurs, a U.S. Government Initiative.
  • Listed in the Phenomity 40 List of 2021 on International Women’s Day.
  • Accepted into the Forbes Coaches Council.

Sola Adesakin’s journey is a testament to the power of personal experience, education, and determination. Her work in simplifying money management and empowering individuals to achieve their financial goals continues to make a profound impact, not only in Nigeria but also on a global scale. Sola’s story serves as an inspiring example of how one individual’s commitment to financial education can transform lives and open doors to greater financial empowerment.

Bad money habits are kind of hard to break. We do them over and over without even realizing it.

We all want to be rich. I mean, who doesn’t? But it’s one thing to fantasize about the many things you can do with a big paycheck and it’s another thing to muster the discipline you need to make it a reality. If you have bad money habits, you’ll get into a lot of financial trouble.

For so long, I had no clear plan for my financial journey. All I knew was there was money and it had to be spent.

Are you having issues saving? Do you feel like it’s a load of work putting some money down for the future? Well, I’ve got a couple of tips that can help you.

Here are 4 bad money habits you need to quit this minute if you want to become more financially independent:

Procrastination

This is personal for me. I put off starting an investment plan for a later time. And I just kept pushing it farther. Not that I was super busy or anything, just plain laziness and a lack of self-discipline on my part.
It wasn’t until I told myself the hard truth: that I can either continue pushing it later or just do it now and get organized. I realized that time was running out and that I had no clear financial goals.

The Fix

No one is coming to do it for you so you better get on with it. If you keep procrastinating, you’ll end up broke with lots of debts.

Impulse Purchasing/Buying

We’ve all been here. That urge to buy something. We give ourselves all the reasons why we need to have it. Impulse buying is all in the name. You see a bag and immediately want to buy it. You don’t even stop to consider the cost or whether you actually need it. You buy it before you stop to think whether you need it or can afford it.

The Fix

You need to first recognize this is a problem and keep track. Before you find yourself reaching for that candy or new pair of shoes, ask yourself if you have the resources and if you really need it. Don’t be in a rush; be certain you need it before you do.

Not Budgeting

A lot of people live on more than they make. If you don’t have a monthly budget, your money will disappear and you won’t know where it went.
A budget allows you to see how much money you’re bringing in and where it’s all going. It enables you to make changes that help you save more money and avoid going into the red each month.

Pro-tip

It doesn’t have to be a big chore. It can start with only carrying a small amount of cash with you each day. You can also sign up with a money-saving app that automatically tracks your spending for you. Here’s an easy budget template for you.

Love of Convenience

Once a while, it’s okay to make a convenience purchase. These are purchases that are routine and take little thought when being bought. However, if you find yourself regularly making convenience purchases, it’ll cost you.

Pro-tip

You can start by cooking instead of buying fast food every day. Make a regular weekend event of preparing a dish that can be separated into freezer containers for future use.

You can also stop getting that expensive breakfast on your way to work every morning and rather get up 5 minutes earlier to prepare something. I know waking up early might be hard for me so, I cook when I come home. At least I know lunch for the next day is sorted out.

So, there you have it, 4 bad money habits that are keeping you from attaining financial independence. Which of them are you  guilty of?

About Judith Abani

Judith Abani is a contributing writer and editor for She leads Africa . She is a graduate of Sociology and Linguistics. She believes that it is never late to achieve your dreams and is passionate about the success of ladies. She is an avid reader, a writer, and lover of good food and positive people.