Statistics show that 47% of millennials would struggle to come up with a huge amount of money to cover an unplanned expense. To "live within your means" means that what you spend each month is less than or at least equal to the amount of money you bring in each month. For many people, it’s a lot easier said than done. At some point however, your reckless spending will catch up to you.

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They say hope is a dangerous thing, but what would we make of our lives if we don’t look forward to the best possible occurrences. The market was in BULL territory last week as its price was over both the 10 and 50-day moving averages. On the 31st of October, the price of the ASI’s went under the averages and on the 2nd of November 2018, the 50-day moving average finally went over the price and 10-day moving average. The Market is currently in BEAR territory.

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With the hustle and bustle of Monday mornings and loads of meetings that helps to begin the week, it’s good to see the stock market had a better week and weekend than I did. Market ASI Overview stock graph After talking about how Bearish the market has been for so long, on the 23rd of October 2018 entered BULL territory.

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Warren Buffet gave the timeless and priceless advice “If you don’t find a way to make money while you sleep, you will work until you die” and there was really no better way to put it. If you are unable to discover a way to make passive income, you will keep having to work – usually for someone else- until you decide to retire. Now, I don’t know about you but that paints a pretty gloomy picture of the future and when I heard it, I wanted to make sure I did not end up being financially dependent until I’m all old and grey. If you are like me and would like to achieve financial freedom while earning passive income, then this post is for you. I will explain the concept of passive income, introduce one of the most lucrative sources of income at the moment: The Nigerian Stock Market, and tell you how you can get involved in it and be on your way to financial freedom!

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