“Money Can’t Buy Happiness”: Debunking Popular Lies
In our society, we’re often told comforting lies about money and happiness. One of the most pervasive myths is that “money can’t buy happiness.” While well-intentioned, this advice often comes from people who may not fully understand the complex relationship between financial resources and personal well-being. Introduction: The Truth About Money and Happiness Many of us have heard this phrase repeated so often that we’ve come to accept it as universal truth. But is it really? As someone who believed this for years, I’ve come to realize that this statement is not just oversimplified—it’s fundamentally flawed. What Science Says About Money and Happiness According to research from Very Well Mind, happiness is defined as “an emotional state characterized by feelings of joy, satisfaction, contentment, and fulfillment.” Money, when viewed as a tool, can absolutely help create and support these emotional states. Lie #1: Money Can’t Buy Happiness The Common MisconceptionWhen people say “money can’t buy happiness,” they often mean well. They’re trying to caution against becoming overly materialistic or believing that wealth is the only path to joy. However, this advice typically comes from a place of privilege—often from those who already have their basic needs met. A Humorous PerspectiveI love to counter this argument with a simple, humorous retort: “I’d rather cry in a Benz than on an Okada.” This quip highlights a fundamental truth—financial security provides options and reduces stress in ways that poverty simply cannot. How Money Contributes to HappinessFinancial resources can: Lie #2: Money Comes When You Are Not Focused On It The Myth of Passive Wealth There’s a dangerous narrative that suggests money will magically appear if you’re not actively pursuing it. This is not just misleading—it’s a harmful misconception that can keep people from taking meaningful financial action. The Value of Intentional Earning Money that comes by accident or pure chance rarely holds lasting value. Unexpected wealth lacks the foundational understanding and effort required to sustain and grow it. True financial success is the result of conscious effort, strategic planning, continuous learning, and deliberate opportunity-seeking. Accidental earnings might provide a temporary boost, but they don’t create lasting wealth. Consider the stories of lottery winners who quickly lose their fortunes or unexpected inheritances that disappear within a few years. In contrast, money earned through intentional hard work carries deep personal value, a sense of achievement, better financial management skills, and long-term financial intelligence. Successful individuals understand that waiting for financial opportunities is not a strategy. Instead, they actively identify valuable opportunities, develop necessary skills, network strategically, take calculated risks, learn from failures, and persist through challenges. Waiting passively for financial success is like waiting for a ship at a bus stop—it simply doesn’t make sense. Lie #3: The Most Successful Entrepreneurs Did Not Set Out To Make Money The Real Motivation Behind Entrepreneurship Let’s be brutally honest: No serious entrepreneur starts a business without considering financial gain. The idea that successful business leaders are solely motivated by passion or some altruistic purpose is a romantic myth that doesn’t reflect reality Money: The Primary Business Motivator Every entrepreneur, whether they admit it openly or not, has financial objectives. These include generating personal income, creating wealth, achieving financial independence, building generational assets, and solving personal financial challenges. Passion and purpose are crucial, but they work alongside financial motivation, not in opposition to it. Successful entrepreneurs understand that financial success enables broader impact. Profitability is a measure of business health, money provides resources for innovation, and economic sustainability is key to long-term vision. While money is a primary motivator, these business leaders are typically driven by a complex mix of financial goals, problem-solving passion, innovation drive, personal fulfillment, and desire to create change. The most successful business leaders don’t shy away from discussing money—they embrace it as a critical component of their entrepreneurial journey. They recognize that financial objectives are not something to be ashamed of, but rather a fundamental aspect of building a meaningful and impactful business. The Real Truth: Money as a Tool for Happiness It’s crucial to understand that wanting more money isn’t greedy—it’s responsible. We work hard, advocate for better salaries, and build businesses because we desire a fulfilling life. Admitting that you want more money because it can make you happier is not just okay—it’s perfectly valid. Conclusion: Reframing Our Understanding of Money Money isn’t everything, but it’s far from nothing. It’s a powerful tool that, when used wisely, can significantly enhance quality of life and contribute to overall happiness. Here are key advice to build a successful business in Africa Want to learn more??? Join our community
Mastering Job Interview: A Roadmap to Professional Triumph
Introduction: Your Interview, Your Moment Indeed, interviews are more than just conversations—they’re pivotal moments that can transform your career trajectory. Moreover, for ambitious African women, nailing an interview isn’t just about answering questions; it’s about showcasing your unique value, confidence, and potential. Pre-Interview Preparation: Setting the Stage for Success 1. Research is Your Superpower 2. Personal Branding Matters Learn more about personal branding. 3. Technical and Soft Skills Preparation What to Expect: Interview Landscape Decoded Interview Formats You’ll Encounter Red Flags to Watch and Avoid Notably, here are critical things to avoid: Confidence: Your Ultimate Interview Accessory Body Language Speaks Volumes Communication Strategies Post-Interview Excellence The Follow-Up Game Plan Final Thoughts: Your Interview, Your Power Remember, an interview is a two-way conversation. You’re not just being evaluated—you’re also evaluating whether this opportunity aligns with your career aspirations. Key Takeaways Bonus Tip for She Leads Africa Community Connect with professional networks, attend workshops, and continuously invest in your personal and professional development. Don’t Miss Out! Join the She Leads Africa Employer Program to gain exclusive insights, personalized coaching, and advanced skills to supercharge your professional development and interview success. Our program provides tailored mentorship, networking opportunities, and cutting-edge career resources for ambitious women looking to transform their career trajectories. Read More Disclaimer: This guide is your roadmap, but every interview journey is unique. Adapt these strategies to your style and the specific opportunities before you.
SLA To Host The First Female-Only Career Fair
The countdown to the SLA Level Up Career Fair has officially begun, and She Leads Africa, in partnership with the Challenge Fund for Youth Employment (CFYE), is thrilled to reveal the incredible lineup of speakers, sponsors, and key event highlights, which will take place this Saturday, October 26th, 2024. This landmark event, taking place on 26 October 2024 at the University of Lagos, Akoka, aims to connect female graduates with top recruiters, mentors, and industry experts and offer them the tools to advance their careers. The SLA Level Up Career Fair 2024, the first of its kind, will feature a dynamic lineup of speakers and panel sessions focused on empowering Nigerian female graduates with the skills needed to thrive in today’s competitive job market. Speakers For this first edition, SLA is bringing together a star-studded lineup of speakers and industry experts who will share their stories, challenges, and key learnings to inspire the next generation of female professionals. Yasmin Belo-Osagie, Co-founder, of She Leads Africa, will deliver the keynote address, setting the tone for an empowering and insightful event. A standout feature of the fair is the panel session on “Stay Ahead of the Game: How to Future-Proof Your Career in a Constantly Evolving World.” Attendees can also look forward to interactive panel discussions led by accomplished industry experts, including: Event Highlights The SLA Level Up Career Fair is packed with exciting opportunities that will set attendees up for success including a key highlight – one-on-one meetings with recruiters ready to offer potential job opportunities. Attendees also get to enjoy the day with live entertainment, competitions with giveaways and relaxed networking where they can meet like-minded professionals and peers. Partnership with CFYE We are proud to announce the Challenge Fund for Youth Employment (CFYE) as the headline sponsor of the SLA Level Up Career Fair, 2024. As a key supporter of the event, CFYE plays an integral role in advancing our mission to connect 1,000 female graduates with meaningful job opportunities by 2025. This collaboration underscores CFYE’s commitment to tackling youth unemployment and empowering young women to take charge of their careers, ensuring a brighter future for the next generation of female professionals. According to Iquo Oyekunle – Head of Operations and Programs at She Leads Africa, “This is not just an event, it is a movement. We are bringing Nigerian female graduates face-to-face with opportunities that could change the course of their careers.” Event Sponsors and Media Partners The SLA Level Up Career Fair is also supported by our valued sponsors, including Sosa Fruit Drink, Leadway Assurance, The Coca-Cola Company, Unilever, GB Foods Nigeria, and Chi Limited. A big thank you to our esteemed media partners: Zikoko, Inside Business Africa, WorkHerholic, BellaNaija, and Pulse Nigeria, whose platforms are helping to amplify the impact of this event. For more information, visit the SLA website or follow us on social media for live updates and announcements about our speakers and event agenda
Celebrating Bold Women: Meet the 2024 Veuve Clicquot Bold Woman and Bold Future Award Recipients
The Veuve Clicquot Bold Woman Award Ceremony, a night celebrating bold, innovative, and audacious women who embody leadership across various industries, took place at the Federal Palace Hotel, Victoria Island, Lagos, on Sunday, September 22, 2024.
The She Tank and BellaNaija Unveil “Her Money, Her Power” Campaign to Champion Women’s Economic Power.
The She Tank and BellaNaija have joined forces to launch the Her Money, Her Power campaign, which will advocate for more economic power for Nigerian women.
Overcoming Challenges in African Startup Ecosystems: Lessons from Frontier Markets
Overcoming Challenges in African Startup Ecosystems: Lessons from Frontier Markets By Chisom Winifred When I co-founded C&C Digital House, a digital marketing agency, I quickly discovered that launching a startup in Africa is not for the faint-hearted. Working with other founders exposed us to the myriad challenges facing startups across the continent. Initially, we focused solely on marketing and communications for our clients. However, we soon realised that many of the markets we served lacked the data necessary to guide marketing decisions. This data scarcity is a widespread issue in Africa, where underdeveloped infrastructure makes predicting consumer behaviour and market trends difficult. Because of these unique challenges—and with young entrepreneurs rising to solve them through innovative ideas—we found ourselves navigating uncharted territory with no previous records to rely on. This led to our first lesson: Every problem that’s hard to solve is a business opportunity. We turned the lack of data into a service offering, conducting research for clients to gather insights that guide marketing decisions and support business growth. Consider that in 2020, only 40% of adults in Sub-Saharan Africa used the internet, compared to 75% in developed countries. This gap significantly affects digital marketing strategies and underscores the need for tailored, data-driven approaches that consider local contexts and infrastructure. Throughout my career, I’ve worked with several African startups, each with unique challenges. One experience that stands out involved launching a campaign in an underserved region of Nigeria. We quickly realised that a one-size-fits-all approach wouldn’t work due to cultural differences, language barriers, and varying levels of internet access. During a campaign in southeast Nigeria, we shifted to SMS marketing and word-of-mouth promotion in schools and marketplaces, which proved more effective than traditional digital channels. By adopting a localised strategy, we engaged with our audience in a meaningful way. We’ve since applied this approach in countries like Ghana, where regional differences also require customised efforts. Building trust was another challenge, especially with customers sceptical of digital payments. To overcome this, we prioritised transparency in our communications and provided easy access channels for customer feedback. By highlighting testimonials and engaging with communities through local events, we built a loyal customer base willing to transact online. Trust is a significant barrier for many African startups. A 2021 survey found that 75% of consumers in Nigeria preferred cash over digital payments, citing concerns about fraud and trust. To address this, startups must emphasise clear, honest communication and demonstrate reliability. Key Lessons for Startups in Africa’s Frontier Markets: Adapt to Local Infrastructure Constraints: In regions where internet access is unreliable, startups must be creative. SMS marketing, radio ads, and word-of-mouth campaigns in community hubs can reach audiences that are otherwise inaccessible. Understanding each market’s specific infrastructure can prevent costly mistakes and improve strategy effectiveness. Build Trust Through Transparency: African consumers value transparency. Startups should clearly communicate their value proposition and be upfront about potential risks. Building trust takes time but is crucial for long-term success. For example, mobile money services like Opay have succeeded in Nigeria by emphasising security and ease of use, gaining trust in a population initially hesitant about digital finance. Prioritise Customer Education: Many African consumers are unfamiliar with digital solutions. Startups must invest in educating their audience through content marketing, free trials, and consistent messaging to overcome scepticism and encourage adoption. This is particularly important in countries like Nigeria and Ghana, where digital literacy is still developing. Leverage Innovative Partnerships: Collaborating with local influencers, microfinance institutions, or non-profits can amplify a startup’s reach and credibility. These partnerships enhance brand visibility and build trust within the community. Partnering with local community leaders in Ghana, for example, helped us gain credibility and access to hard-to-reach communities. Female entrepreneurs have a unique opportunity to lead the way in overcoming the challenges faced by African startups. Female-led ventures have been at the forefront of innovation, creating solutions tailored to local needs and driving economic growth. Sub-Saharan Africa has the highest rate of female entrepreneurship globally, with 26% of adult women involved in entrepreneurial activities as of 2021. Women’s networks play a crucial role in supporting startups by sharing resources, knowledge, and experiences. Research shows that women reinvest up to 90% of their income back into their families and communities, compared to 30-40% by men, highlighting the importance of supporting female-led startups. The path to success in Africa’s startup ecosystem isn’t easy, but the potential for impact is huge. By embracing challenges with creativity and resilience, and supporting one another, we can overcome obstacles and thrive. The future of Africa’s startup ecosystem is bright, and those who persevere will be at the forefront of this exciting transformation. Let’s continue to push boundaries, support each other, and build the future we want to see.
Raising the Bar
Funmilola Fasipe, founder of Executive Global Nanny, is on a mission to revolutionize childcare.
From Farm to Table
Kofoworola Deborah Awoyera, founder of Dharkagfoods, is redefining the Nigerian culinary landscape.
Cultivating Tomorrow’s Innovators
Desire Joshua, founder of Kiddie Techville, is a visionary tech educator dedicated to bridging the digital divide in rural areas where access to quality education is limited.
How to treat yourself on a budget
“If you’re a fan of recent hits like ‘Stranger Things,’ you’ve likely seen characters taking breaks from facing monsters to enjoy some downtime. It’s akin to their version of a ‘treat yo’ self’ day, where they indulge in fun activities just for themselves! Following their lead, we all deserve a break sometimes. Here’s how you can plan your own ‘treat yo’ self’ day without breaking the bank.” 1. You still have to save for it If you could escape saving, I bet you would. But saving is the surest way to avoid over-spending and feeling horrible about those $300 shoes for the whole year. Putting a little aside won’t hurt your bank whilst still setting a tangible goal for something you have been meaning to get yourself. 2. Have fun at home Sometimes going out with friends might leave you feeling all kinds of regret in the morning. Consider alternating your going out to staying home having a games night, cooking dinner and having that be a group activity. You get to enjoy an awesome night in and away from the pesky ATMs and swipe machines. 3. Did someone say flea market? Flea markets and thrift stores are awesome places to find cool looking clothes and items without breaking the budget. You get the benefit of unique, usually quality clothing at way, way less and you can get a whole lot more than you would at a conventional store. Not only that you get a chance to support small entrepreneurs in your locality as well. 4. Try and look for a deal I mean, who does not love a good deal? Most places if you are looking are always offering to get alternative ways to give you value for your money. It could be half priced movies, two for the price of one deals or even service providers who give you packaged deals at cheaper rates for your business. Always try to ask and find out if there are deals around to help you save that extra money. There are also sites that give you comparisons so you can make a more informed choice. 5. Go at it in a group You haven’t been in vacation in awhile, or you want to attend an upcoming conference, well many operators give packaged deals for groups which will most likely cheapen your costs. There is power in bulk buying and so if you can’t do it alone, try find some awesome people to do it with. This way everyone gets the benefit of saving their money for something worthwhile. Now go ahead and TREAT. YO. SELF