Plan to invest in FGN bonds this year

We Have Plan A, B and C and at World Level, You Must Do it All — Dalton Smith

Two days after grabbing a copy of the Monday edition of the Daily Mirror, yours truly eventually had the time to open its pages. It wasn’t long before coming across the story of the sensational crowning of Britain’s Dalton Smith in faraway New York on the second Saturday of this year. The paper had it as “The boy done good,” (p.46).
But first things first and that is to let you know that earning passive income from Federal Government Savings bonds is bliss. On more than one occasion last year, yours truly got notifications when the quarterly coupon payments were credited to his account. That’s what happens when you stash at least five thousand Naira (N5,000) away any month that you subscribe to the offer.
Investing in FGN bonds must be part of everyone’s game plan for this year. That’s how you’ll get to experience bliss every three months.
Though the opportunity to be part of the January offer would have closed – last Friday, January 16th – by the time this edition of the newspaper is published, but, nothing spoil, if you weren’t able to show your intention.
As a matter of fact, I deliberately gave the January offer a miss. That’s what having a plan can do. The reason why it didn’t hurt is because there’ll be eleven more opportunities this year. That’s really exciting.
So, here’s the thing, irrespective of what you have listed as part of your financial goals for the year, investing in the Federal Government of Nigeria (FGN) Savings Bond each and every of the remaining eleven months that the Debt and Management Office (DMO) will issue the offer must be your plan A. If it can’t be your plan A, it’s got to be either B or C. You need to have it there if you’re serious about earning passive income this year.
Back to the coronation of Smith. The Sheffield boxer disclosed that going into the fight with the then Puerto Rican World Boxing Council (WBC) super lightweight champion, Subriel Matias, on the penultimate Saturday, himself and his dad – who doubles as his coach – obviously had a game plan.
Executing that plan was what made him quickly go “toe-to-toe” in the early rounds with the knockout artiste. He told the newspaper that he was equally observant and knew that Matias was slowing down. A stunning hook in the fifth round brought Matias’ reign to an end in the fifth round.
To reiterate, if you want to earn passive income as part of your financial goals for this year, make investing in FGN Savings Bond a part of your plan A, B or C from February to December. This is how you’ll get to experience bliss.

TUNDE OYEDOYIN

Tunde Oyedoyin is a London-based personal finance coach and founder of Money Intelligence Coaching Academy, a specialist academy of personal finance. He can be reached as follows: +447846089587 (WhatsApp only); E-mail: tu5oyed@gmail.com