4 Ways To Graduate With Plenty Cash In The Bank

Let’s be frank…

Which of these situations will you say yes to?

A situation where you graduate with a lot of cash in your bank account, or a situation where you finish school with virtually nothing in your bank account?

For me it’s a big "Yes!" for the first mentioned situation as opposed to the second.

With enough money at hand after graduation you will be able to easily and conveniently move around, print your CV and credentials, buy recharge cards and internet data to browse job portals, and so on without having to ask daddy or mummy for money.

But more interestingly, if you are more inclined to starting your own business after school, the money can even serve as capital for business.

After studying a good number of persons who were able to graduate with substantial amount of money in their bank accounts, it became obvious that by making deliberate plans, a student can avoid becoming a flat broke fresh-graduate.


How?

The answer is to use one or a combination of any of these 4 ways:
Source: http://graduatewell.com.ng/advice/4-ways-to-graduate-with-plenty-cash-in-the-bank

#1. Graduate with an astonishing CGPA This is not always as easy as it sounds however, it’s on 'internet record' here and there that students who are able to graduate with stunning CGPAs get rewarded financially. Remember the UNILAG 5-pointer; Ayodele Dada? [url]He got 1 million naira for his record setting achievement[/url]. Also, in 2014, [url]160 first class graduates who are indigenes of Anambra state got 1 million naira each[/url] courtesy of their Governor; Peter Obi. And the list [url]goes on[/url]. Imagine the relieve that comes with getting 1 million naira credit alert just few days after your graduation in a world where most of your mates will be broke and in despair of what next to do with their lives. But again, I must say that graduating with a first class is not a guarantee that you’ll be given cash; I know a good number of first class grads who didn’t get 1 kobo. But setting a record like the UNILAG 5-pointer seems to guarantee financial rewards. Now… On a lighter note, I see that Mountain of Fire and Miracles Ministries (MFM) have made it a habit to reward students who graduate with first class results; so you might want to migrate to MFM if you decide to choose this way. 2 Likes 1 Share

#2. Student challenges and Competitions Students challenge and competitions are a way students can become wealthy while they prepare to graduate from school but only a few students have been able to use it. In my research, I notice that student challenges and competitions can be classified into 2: The small wins and The big wins. The small wins refer to student competitions and contests that reward winners with small amount of cash; usually less than 1 million naira. They always revolve around essay or writing competitions and design contests. You can find such contests online; naijawriterscoach.com, naijacompetitions.com and opportunitiesforafricans.com are helpful in this regard. The big wins are student competitions and contests that reward winners with millions of naira (mostly thousands of dollars). But most of such contests are tilted towards student entrepreneurship and social ventures. (Check studentcompetitions.com/competitions, gsea.org among others). I know a good number of students who gathered a lot of small wins and eventually graduated with a chunk of cash in the bank. I have also met a few others who won big sums of money participating in the big wins. You can choose this way too.

#3. Start & run a business before graduation This way needs no too much explanation. It simply refers to coming up with a profitable business idea and pursuing it. A lot of students who started businesses on campus graduated with enough money in their accounts that was used to further the business or to pursue further studies. Apparently, this way can be considered the most profitable way to graduate with plenty cash in the bank.

#4. Savings This is arguably the easiest way any student can use to graduate with plenty money in the bank especially for those who get pocket money from daddy and uncles. Imagine you are able to save 10 percent of your monthly pocket money in a separate “Never-touch” bank account from the very first month you resume school. What will it add up to on graduation day? For instance, let’s say you get 50,000 naira every month as pocket money; let’s do some maths: 20 percent of 50,000 naira is 10,000 naira. Normally, a semester has 3 months. So, at the end of every semester you get 30,000 naira. And in a session there are 2 semesters hence, 60,000 naira per session.