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How to Make Money From Cowrywise App

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Cowrywise is special in our list of apps that let you save and invest. And it’s not because of their cool UI. I will explain why at some point in this short post on how to make money from Cowrywise App.

What is Cowrywise App?

Cowrywise is an app that helps you save and invest. The savings platform is almost like every other app that lets you do the same, I’m referring to Piggyvest, Alat, Kudabank etc. But unlike the rest, Cowrywise educates you on saving and investing and also allows you to invest in mutual funds. This is something other apps do not do at the moment. What are Mutual Funds? Click here to read all about it.

How to Download Cowrywise?

You don’t necessarily need to download the app. You can register on their website and carry out all transactions there. But If you would still prefer the Android or iOS app then be my guest. Click here to download the Android App | Click here to download the iOS App.

Is Cowrywise Free?

Yes. And I’m sure It would stay that way for a very long time. Also, unlike Piggyvest, Cowrywise would not penalize you for withdrawing your money anytime. Instead, they refuse to let you withdraw at all until your withdrawal date is due.

How to Make Money from Cowrywise App?

There are a couple of ways to make money from the app. You start making money the moment you start saving or investing with the app – all savings and investments yield between 10-15% interest per annum.

Another way to make money on Cowrywise is to invite your friends to try Cowrywise. You get ₦250 when anyone signs up with your referral link.

How to Make Money From Cowrywise App2

Cowrywise pays you ₦250 when someone signs up with your invite link and starts saving. They also get ₦250 instantly. So, If you invite a friend to Cowrywise and they save any amount then you (and your friend) would receive ₦250. In fact, you can try it by registering with my link. We’ll both get N250 instantly. Click here

What is Cowrywise Stash?

Cowrywise Stash is a feature on the Cowrywise App. It lets you receive, send and save money. You would need your BVN to activate the Stash feature. Once you setup stash, you will be given a bank account number (Providus Bank) to receive money from other banks with.

Where is Cowrywise Office?

5C Reverend Ogunbiyi Street, Ikeja GRA, Lagos Nigeria.

New to Cowrywise? Click here to register for free

Why Your Paylater (Carbon) Loan Failed

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I was once stranded and I wanted to loan 10,000 from Paylater. Small change right? My request was declined.

In this article, I will be explaining the key reason why your loan was or will be declined by Paylater and almost every similar platform out there.

There are so many reasons why your loan would be declined in the first place. The obvious being that:
1. You repaid the last loan late, maybe really late.
2. You did not grant app permissions to SMS, Contacts, etc, upon registration.
3. They would also decline your loan if you’re asking for too much but have never had that amount in your account.
4. You did not complete your profile (i.e date of birth, BVN etc.)

The reasons above are really the common reasons why Paylater (now known as Carbon) might refuse to loan you some money.

But that’s not all.

Paylater… Carbon… You know what let’s just call it Paylater.

As I was saying,

Paylater would refuse your loan if the date of birth (DOB) on your profile doesn’t match the date of birth used to register your BVN. This was what happened to me a year ago and Paylater didn’t specifically mention it. It took me several months to later realize that my BVN date of birth was different from my bank account’s date of birth. I’m still angry with the staff that collected my data at the bank but yeah, this is a major reason why most people don’t get loans on Paylater. I know a couple of people who had to return to the bank to fix this same issue.

Paylater has a couple of other minor reasons why your loan would be declined on their blog. Please click here to read it.

Do your BVN details tally with your bank account details? You can walk into your bank and ask them to print your BVN details or just ask them to confirm if the details are the same and not different. Good luck!

Are you new to Paylater? Need a Loan? Click here to apply

How to Find all the WhatsApp Groups You’re in

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WhatsApp doesn’t have a section for groups on the app and web app. I know how frustrating this is and I found a way around it. I will be showing you how to find all the WhatsApp groups you have been added to (or created) in this post.

How does this work?

Step 1: I’ll show you how to send yourself messages (or chat with yourself) on WhatsApp.
Step 2: When you start chatting with your contact, go to that contact and check the groups the number belongs to. It’s your number, so, the groups you’d find are all the groups you belong to.

The first thing to do

So, a while ago, I made a tutorial on how to send yourself notes, messages and reminders on Whatsapp. If you haven’t seen that video then you should. It’s the first step to seeing all the WhatsApp Groups you have been added to (or created) on Whatsapp. Watch it below and don’t forget to check the video’s description on Youtube especially if this doesn’t work for you at first. It should work for everyone:

The Final Step

After you have sent yourself messages on Whatsapp, go to your contact info (like in the screenshot below):

Whatsapp Screenshot
Click on the area highlighted in the screenshot

 

WhatsApp Screenshot iammagnus
All the groups you’re in are listed here

This should work for everyone but if it doesn’t work for you then leave a comment and I will assist you.

Cheers

How to Generate a Dollar Card with Wallets Africa

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In my last post, I talked about how Wallets Africa is a good alternative to Flutterwave’s barter but I realized you might need help understanding how it works since it’s new to some of us. So here’s a post on how to generate dollar cards with Wallets Africa.

What Is Wallets Africa?

Wallets Africa (formerly Wallet.ng) lets users send, receive money, and make payments through their phones. Wallets’ users can pay directly into bank accounts and Pay Utility Bills in Nigeria from the app or website. One of Wallet’s features (that everyone loves) is the dollar card feature that lets you create dollar cards on the platform. These dollar cards can be used elsewhere for all kinds of payments. International payments, mostly.

Wallets Africa was founded in 2016 and their headquarter is in Lagos, Nigeria.

Do I pay to Use Wallets Africa?

No, It’s like every other fintech app out there. You simply install the app on your Android or iPhone and register for free. The dollar card creation is free as well.

How do I generate a Dollar Card?

First things first, sign up for free by visiting Wallets.africa or install the app on your phone through Google Playstore if you’re on Android and Appstore if you use an iPhone. You get a free Providus Bank account number once you register. So this means you can have people send you money through your account number.

Go to Cards to create your card for free after registration.

wallets africa 2

The card creation is free but you must have at least $10 to fund your account. Once you have the equivalent of $10 in your Wallets account, you can create your dollar card.

Is the Dollar Card Free?

Yes. for now. I hope it remains that way, lol

Are Wallets Africa Cards Mastercard or Visa?

So far, all the cards I have seen generated are all Visa cards. So, I think you can only generate Visa Cards for now.

I am really looking forward to the new features Wallets Africa will roll out. They seem to be doing almost everything you can do from your banking app except the dollar card generation option.

A Barter Alternative for Generating Dollar Cards

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Welcome to my latest article about a good Barter alternative for generating dollar cards if you’re in Nigeria, especially.

Barter seems to be having this issue where, If the date (or date of birth) associated with your BVN is incorrect, you will not be allowed to use some of the features on the platform. One of them being generating dollar cards for Facebook Ads, Spotify, Airbnb, Heroku, Netflix subscriptions and more. A friend of mine recently experienced this BVN issue and ran to me for an alternate option.

Wallets Africa came to mind immediately because I had the opportunity of trying the platform in it’s early (earlier) days and there was an option to generate dollar cards for a fee. I think for 1000 or thereabout at the time.

Anyway, she gave it a shot and it worked fine for her.

That’s not all, Wallets Africa now lets you generate dollar cards for FREE.

You can generate yours by visiting wallets.africa

What is Wallets Africa and how do you generate Dollar Cards with it? This other post explains all that.

The Easiest Way to Create an Overlay With Canva

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I just realized I never shared this short video of how to create overlays on Canva that I made a while ago.

What is an Overlay?

An Overlay is like a layer that separates two parts of a design. It’s the layer between an image and the text on top of that image. An overlay adds meaning to an image, brings attention to a particular part of the design and makes your design presentable.

In this video, I will be showing you how to create overlays on Canva.

 

You Can Now Make Money From KudaBank

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In my last post, I talked about Kudabank and why everyone is jumping on board to rock the platform after it rebranded from Kudi Money and now has CBN license to operate as an actual bank – It’s a bank, without a physical banking hall but they have an office.

Where is KudaBank’s Office?

151 Herbert Macaulay Way, Yaba, Lagos.
London: 131 Finsbury Pavement, London, EC2A 1NT, UK

Anyways, you can read my post here to learn more about KudaBank.

The “bank of the free” recently raised $1.6 million investment to build Africas’ best bank and they thought to share the money by giving you N200 each time you refer someone to use the Kuda app.

kudabank referral

KudaBank has launched its referral program for users with verified accounts to earn money when they refer new users to the platform.

Who are verified users On KudaBank?

You’re considered a verified user on KudaBank if you upload any means of Identification (International passport, National ID card etc) and update your BVN on the app. Once you do that, your account gets upgraded and you become a verified user.

How do I make Money From KudaBank?

1. Open a Kuda account by clicking here and signing up with your email address, phone number and a photo of your face.
2. Upgrade your account with your Bank Verification Number (BVN) and a valid government-issued ID card (your voter’s card, driver’s license, national ID card or international passport).
3. Then go to kudabank.com/partner and fill in your Kuda account number, your location and the area you’ll be referring Kuda.

Kuda Bank will pay you 200 naira for every single person who opens a Kuda account through your referral link. How much you make every day is entirely up to you. The more you refer, the more you get paid.

This is not the only way to make money or enjoy freebies on Kudabank. There is another way. You can read about it here.

A Free Spreadsheet for Tracking/Calculating your Income and Expenses

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I recently created a spreadsheet for tracking your expenses and income during a freelance class on Udemy and I thought it might interest you because what gets measured gets managed.

The spreadsheet is free. So you can go to File -> Make a copy to clone it for personal use or you can download it as an excel spreadsheet if you want. It is also automated, so you can enter a new item in the columns and it would automatically calculate your Total Income, Total Expense or Total revenue for you.
Feel free to use it and don’t forget to share it. Thanks

Click here to download or clone a copy

Update: Please change your browser if the page or sheet is blank on your end. I use Google Chrome on Android

[click_to_tweet tweet=”Here is a free spreadsheet for tracking/calculating your Income and expenses by @iammagnus1″ quote=”Here is a free spreadsheet for tracking/calculating your Income and expenses.”]

Don’t forget to check out my new post on: How to Send Notes to Yourself on WhatsApp

Identity Kills, and you’re less important than your discovery.

We live in a world where everything is classified into specific groups, and even individuals in those groups are further classified into subgroups. In science, this may be priceless, owing to fact that it makes research much easier, faster and simpler (no need for repetition of procedures). For example, not all plants have the same benefits, and even if we have plant species from different regions, they may not have the same [level of] constituents based on environmental factors. Likewise, not all disease-causing organisms act the same, and even some species become tolerant to therapy, and then form a new strain that needs to be classified into a different subgroup…

However, would classification be relevant in human social life? Whether we are aware or not, we classify ourselves every day as people, at the very least, we classify ourselves into families, and broader into various cults, communities, tribes, nationality, race, and maybe more. This may be advantageous in finding like-minds for a beneficial purpose. That would be good, but the disadvantages would be disunity and segregation amongst various classes of people, which will slow down growth and development…

It appears to get worse generally as humanity seemingly gets smarter, and we tend to have professional classes, which may become rivals, and even within a profession, there would be sects (or cliques) that may rival each other. It is almost like the curse we heard from the Bible myth on the tower of babel haunts us till date, that we begin to speak “different languages”, even though we often clearly understand the languages we use in communicating and airing our differences….

Sometimes, we even follow suit with these classifications without knowing… For example, if you were asked who the first man to land on the moon was, you’d say it was Neil Armstrong… But then, if you were asked who the first black man to land on the moon was, you may have to crack your head over that… That wasn’t to test your knowledge, but to show a salient example on racial identification. We don’t get to be asked the later question very often, but if at all it comes out from anywhere, you’d be curious to know, right? But, then would that be relevant at all? Did you care if Mr. Neil was white or black when you heard he landed on the moon?

Then there are headlines all over saying, “the first woman to do this, or get that and bla bla”… What really is the point of identification there? Other than to show that women are relevant in the society (and by the way, they’ve always been equally relevant from the onset of human existence), and that other women can take on the mantle to become whatever they want? That becomes a problem. What would be wrong if we the first woman to ever do something is regarded as the first person to ever do something (without first mentioning it was a woman)?  Using Marie Currie, for example, she was identified as the first woman to ever win a Nobel prize, and the first person to win it in two different fields… Maybe in that era when women were regarded as second class citizens in most parts of the western world, the “first woman” part would be interesting to point out, but in our world of today, why do we still refer her as the first woman to win the thing? What would be wrong with just seeing her as the first person to even win the prize in two separate fields? After that, did you come to care about the “first man” to win an NP in two separate fields?

Of course, Marie was a woman… No doubts… But she was a human being most importantly. We don’t get to hear stuff like, the first person to discover gravity was a “man”… Why’s that, because it’s the norm for men to that. As such men are already the standard, especially if they are white (sarcasm intended)… Jeff Bezos, for example, was tagged the first person to reach 100billion in dollars some months back… He wasn’t tagged the first “white man”, so that when a black man reaches that level of wealth acquisition, he’d become Jeff’s equivalent of his race as regards that title. But, if Dangote had reached 100 billion in dollars first, I’m very sure many blacks all over the world, Africans, Nigerians and the Hausa/Fulani people would say, “I identify with the first man to reach $100billion dollars by race/continent/nationality/tribe, and of course village…” basically because it’s not something a blackman can [really] achieve [, therefore, I identify with this super-black man, even though we don’t share in his wealth]. Saliently, we accept our inferiority as a black race. In the same way, women accept their inferiority as a sex without knowing, each time they point out that a woman can do something a man can do, and even more… That’s because even if a thousand women awe the world with various feats men won’t even dream of achieving, the standard is still “man”…

I wonder why women who consider themselves strong call themselves “women with balls…” Don’t balls belong to men, and uterus or vagina for women? Why try to compete for those who have balls when you don’t actually have them? A man would be considered totally worthless if he called himself one with a “uterus”… So, how exactly are you fighting for womanhood when you are sidelining your major symbol, and adopting what the patriarchs have said is symbol for power? You’re just fighting for the patriarchy then… If you think the uterus isn’t so much of a power symbol, then you’re just a brainwashed punk who doesn’t even know what she’s doing… No offence intended… The more you actively try to become equal to men, the more you dampen the biological and psychological relevance of womanhood in society… What most so-called feminists fail to realise is that the patriarchs were nothing without the actual matriarchs. The powerful women were few, but still had more effect on all the patriarchs. They didn’t have to call themselves men or people with balls, a powerful woman has natural control over a man if she has the brain. They didn’t even have to form groups. They just influenced the power… Even in Africa were women faced a many challenges, the few women who became prominent moved more mountains than men, and they did it without comparing their achievements with anyone… Of course, women were put down in many parts of the world, but if it was a world with a civilized social structure, there were still women who had equal levels of powers than the men who looked down on those women… Similarly, these men looked down on fellow men they would consider below them irrespective of race and age. An American racist that would discriminate against homeless white Americans also was present during Martin Luther’s time… An white racist who would freely trade money and western stuff for black slaves with African chiefs did exist… Power resonates with power. The slavery was the way it was because blacks sold themselves. Kanye was right… And gender disparity and discrimination have become so because women let it become so…

So, basically (on a side note) the best way to achieve equality is to spell out the importance of the achievement or discovery, and then add the achiever’s discoverer’s details in their bio (the person who led the research that produced the first capture of a black hole was a woman. We all know that, but the science community hammered more on the importance of the discovery, I don’t know her name the same way I don’t know the names of the men who discovered stem cell transplant cures sickle cell anaemia).  You can’t get gender equality by spelling out “equality”. The end product is a shift in the equation to favour the other side. The equality fight itself is asking for the world to be unequal, but the bias should be shifted towards the unpopular side. Maybe that would work, but is there a goal to reach before strict equality is practised when people are actually treated based on their talent and skill levels? And, say I’m a guy suitable for a position, but it’s only open for women, that means a woman gets the job even though I might have been a much better option…

In all, your classification and identity is actually irrelevant… Personal benefits, ya… Hard work should pay… But who you are, where you’re from, shouldn’t actually matter… Maybe a side story in your bio about your tough background could be published to encourage those from similar backgrounds, but the emotional facade shouldn’t foreshadow what you’ve discovered… You will die someday, but your discovery stands a chance to outlive several generations.

I’m not trying to change humanity, lol… (We’re way past that… No one can change earth for the better)… And from what I’ve found out, the classification is slowly affecting unity amongst people (on a larger scale, it’s impossible to dissolve disunity, and almost equally impossible to achieve total unity in a group as small as 2 people who find it hard to reach a compromise, even though there’s a chance they could)… First, there is tussle for which group should have the power, then there’s the god-complex that comes with those who feel more enlightened, and then there’s the tendency for some to set themselves as standards for others to follow suit… All of those and many more impair human development rather than foster it. The time needed for planning and working for growth is spent on fighting over who should king over who, and lead the growth and development process… So, evidently, one group fights the other and often than not, do not put in their best if called to serve the larger group, under the smaller group they once rivalled but now lead them…

Don’t get this wrong, classification is important in human culture too. For example, even if we adopted a single economic system for all people of earth, we’ll still need smaller groups to work as humans… But the groups should foster unity, rather than manifest divisions. Diversity is bliss. If I can science, then I should science for the good of the human race, rather than attempt to represent people of my age-group, sex, tribe, nationality, race or whatever.

A headline as such; “Igbo man from Nigeria becomes the first person to…”, causes more harm than good. His identity becomes more important than what he has unlocked. If I’m neither Igbo, nor Nigerian, why should I care about what this man has discovered when my inner rivalry is already asking me, “where is your tribe?” Or if I’m Fulani, I’ll just keep scrolling down the page, because to me, “Igbos are trash.”

Then again repetition dampens creativity. If a white man has landed on the moon first, the very mindset that the black community needs a representative in the Moon Landing Club that kicks in becomes detrimental to the creativity of moon landing business (same thing go to women who want to become the first woman to do something that’s already been done).. So, a human has landed on the moon… The question shouldn’t be about the race or society or whatever he came from. But about, how we should go further than just landing on the moon… More people should land on the moon, surely… But ideally, all human energy regarding space and astronautics should be spent on going further than that.

In such a system, technology is open source, and there is no competition. So, Nigeria can download, study and if they have the means, improve on it… If not, they team with the USA who made the tech and contribute their ideas towards achieving a better feat for the human race…

Similarly, in smaller groups, we could foster growth process by coming together with our different talents, ages, tribes and such, all amounting to different types and levels of experiences, which are basically ingredients for growth… When we fail to do this, we dampen out growth… Even though we grow, the growth happens slower than it should be…

In the end, though, humanity is totally wacko… And, yah… We are doomed…

Anyhow, this is more of an argument or personal opinion, rather than actual canon… Treat as such…

Why Everyone is Excited About KudaBank

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Kuda recently launched its highly anticipated App, the KudaBank app for Android and iOS devices. Guess who tested the app on his Android phone and also gave feedback to the team?

Magnus Kudabank

What is KudaBank?

KudaBank was originally known as Kudimoney, a Nigerian fintech company focused on loans, like Paylater. They rebranded in June 2019 after getting a banking license from CBN to become what we now know as Kudabank, a digital bank. You can make payments, transfer money and save as well on KudaBank. KudaBank is currently available on Android and iOS devices.

Is KudaBank Free?

Yes. You can download the app on your Android or iPhone here.

Why everyone is excited about KudaBank?

So, transfers on KudaBank are completely free at the moment. This is one of the reasons why a lot of people are jumping on the platform. They do not charge maintenance fees and you even get a free ATM card delivered to your doorstep If you would like one. They are all over social media with the hashtag #thebankofthefree, obviously because no other Nigerian bank would let you transfer or “maintain” your account without taking a cut.
You also don’t have to sign any papers to use the platform.

Kuda Bank recently raised $55 million at $500 million valuation. The platform gives you 25 free transfers monthly and unlimited daily transfers to any other bank in Nigeria.

The recent funding was made at a $500 million evaluation and comes after raising a $25 million Series A in March 2021 and a $10 million seed round in November 2020.

Kudabank ATM card
Kudabank ATM card

Can you use KudaBank without BVN?

So, up till now, I still haven’t updated my BVN on the app and I have sent and received money. So, it is safe to say, yes, you can use it without BVN. I think your BVN will be required for an account upgrade. You know what this meins? This means you can actually use it if you’re not up to 18 years of age or don’t have any means of national identification.

Is KudaBank Safe?

For a banking app that lets you operate an account without setting up a BVN at first, it is actually. It’s so secure you can’t even take screenshots while using the app. This also means I can’t do a video review of the app. 🙁
If you’re asking about the financial kind of security then worry not, they are licensed by the Central Bank so you’re safe.

Can I save with it?

Kudabank has a spend+save option. Spend+Save takes the struggle out of saving by putting money away for you every time money leaves your Kuda account (when you send money, pay by card, pay bills or buy airtime).
Here is how it works:
1. Tap the Spend+Save button under your account balance when you’re signed in. Hint: It’s a small piggy bank.
2. Move the slider to set a percentage to save.
The app will do the math and save that percentage of your spend. For example, setting 20% means 20 naira will be saved if you spend 100 naira.
3. Tap Switch On and that’s it.

How do I register?

Simply visit click here to get started.

My Thoughts

Having another banking app is fine, especially a fully digital bank. I like the idea of not having to go to the bank to update my profile and other details but it feels like KudaBank is doing all of this for customer acquisition. How many banks out there let you transfer for free and doesn’t charge you for SMS charges to start with?
Let’s see how it goes for another 2 months. I’m also looking forward to their new features and updates.

Please feel free to tweet this post if you enjoyed it or learnt something new.

[bctt tweet=”An awesome post about ‘Why Everyone is Excited About @KudaBank by @iammagnus1″ username=”iammagnus1″]

Don’t forget to read my other post on: Platforms that let you collect loans with your phone number

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