
Money Chronicles showcases the honest money experiences of everyday people who use Cowrywise. We share a story on the 17th of every month. Michael speaks with us today, he shares why he’s become such a huge advocate of Cowrywise and how he used the platform to hit and surpass his savings goal for a new gadget. Read this to find out how you can also use Cowrywise to meet your goals.
Hi hi! Great to have you here. What’s your name and what do you do?
Online? Oríadé. But in real life, my name is Michael Inioluwa Oladele. I’m a creative writer and content creator. I currently work for a leadership consulting firm in Lagos, Nigeria.
Tell us what came to mind the very first time you heard about Cowrywise?
Money! ? That’s the honest truth.
What prompted you to begin using the app?
I heard about Cowrywise in 2018. Before then, I had just lost my money to wicked fellows who claimed to be investing my money in Forex. So after then, I wanted to start saving up for myself. And boom! Cowrywise came to the rescue.
What has changed with your finances since you’ve been on Cowrywise?
I’ve become more conscious of how I spend my money and also about saving. Now, I never feel comfortable just spending anyhow knowing that my Cowrywise account is there and Ope will be looking at me. ?
One time, we opened Twitter and saw that you had done a whole thread about blog posts you had read on our blog. Thank you for that! What did you learn from the posts?
You’re welcome. I’m so glad I read those blog posts. I learnt a lot. Let me share three of my favourite lessons:
- Saving isn’t just about stashing money. I can also save by spending less.
- Don’t borrow money to do “I better pass my neighbour.” No forming. Live within your means.
- Don’t run away from the money convo with babe/LOML (Love of my life). Learning this currently ?
What’s your favourite money book? The one you think everyone should read.
I don’t read a lot of non-fiction books but one money book l think everyone should read is “The Richest Man In Babylon“. I started reading this book this year and I’ve learnt a lot so far. Here are three tips to convince you:
- To change a narrative, sell a greater narrative.
- Money flows. It flows to the rich or to those who know how to get it.
- It is in your power to control your expenses. Your expenditure will always increase. Summary: your life is in your hands. Stop the blame game.
Have you met or surpassed any financial goals since using Cowrywise? Tell us about it (of course, the details you’re comfortable sharing.)
I was waiting for this. ? Yes, yes, I have.
Last year, I opened a Cowrywise savings plan and my target was 200k. I wanted to buy a new phone. So I started saving up for it in May 2020. 10k here, 20k there. And then by August 2021, 200k was complete, 232k actually. So I waited for Ope to open my vault for me, cashed out and bought the phone which I am using to type this. ?

Awesome! People who’ve been looking to purchase a new gadget need to read this.
What is your best Cowrywise feature and why?
Stash. Because I can use it to fund my savings and also receive funds from loved ones who also use Cowrywise.
What would you say to someone who’s stalling to begin using Cowrywise?
Start small. Don’t rush. You don’t have to save 100k at first. You can start with N1000. Then N2000. And from there you can move up. Thing is, whether you like it or not, you’re going to save. The earlier you start the better so just start now. And start with Cowrywise.
What’s the top lesson the pandemic taught you about money?
How much you’re going to make is actually in your hands. I was home throughout the pandemic and I set monthly goals of how much I wanted to make and surprisingly, I surpassed them all. I didn’t know I could do it. But then I learnt that however hard things are, ambition and desire can bring crazy results. The pandemic, my own income plans and the increased income of various wealthy people and companies taught me that.
What major money lesson will you have wanted to learn 10 years ago?
Never spend all you make. Spend less than you make, wayyyy less.
Payments with cash or card? Why?
Cash. I want to hold my money and feel it.
All expense paid travel to your top destination or give you the money?
The village boy in me wants to collect the money and buy suya but an all expense paid travel to Salzburg? Sign me up!?
What’s that one thing you never mind spending a lot of money on and why?
Books. Knowledge is never too expensive.
You’re legit one of our biggest ambassadors and we really appreciate you. Why do you think so highly of us?
Awwwwnn…I am blushing here, for real.
Why do I think so highly? Well, you guys are actually filling a gap. People need to save. They need to invest. They need to be financially wise. Whether they know it or not, they need you. They need Cowrywise. They need Ope. And you guys are filling that gap. Thank you. So when are we making this ambassadorship official? I mean, Ope is not even following me yet. ?
Ahh. I’ll rectify that! ? Any suggestions for the Cowrywise team?
- Bring me in as your ambassador. ?
- Let’s find ways to reach out to older people. I know it’s not easy but if we are making things easier for the youths, the older generation need it even more.
- Keep doing good!
Thank you so much, Michael! We’ll be in touch.
Thank you too!
Are you planning to get a new gadget or have a different personal savings goal? Cowrywise helps make that easy for you. Get started here.
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I can’t open my acct dat y av nt been saving..
It like I forgot d my password.
After Bible it’s the richest man in the Bible I love most. The wisdom is eternal.
You probably should request a password recovery mail.
A most inspiring, and enlightening, book on finances; on proper management of funds (saving and investment).
A highly recommended guide for anyone desirous of excess gold to jingle in their wallet.
Thanks!
I am glad that you loved it!
I love your words of encouragement on how we have saving.
Whoa!,thanks ope..
Glad I could help. Don’t forget to share with friends.
I am inspired by this…
I have myself read the Richest man in Babylon twice. The book if understood would change the financial life of the reader forever if applied. Thanks for reminding me once more.
Thanks for this Ope
I love how one doesn’t only have to invest in cowryrise, it is also a platform to learn.
Thanks ope
Cowrywise is really helping us to be wise in spending and saving. Thanks for this piece…
Beautiful read and full of wisdom.
Thanks for sharing
Good evening ope, what are the investment plans for a student?
Our regular plans are great.
I made a transfer from my stash to my bank yet no credit
All am seing is pending
Please what is going on
Hi Prosper.
Kindly send an email to support@cowrywise.com to rectify this.
Really nice, thanks alot
Pls,how can I get the book?
Thanks so much
I love cowrywise I think is among the best thing that happened to me this Year 2019… thanks for this saving App
Thanks so much. Need to read this book. I downloaded the ebook but yet to read it. Will sure do. Thanks for this inspiration Ope.
Hi Ope, even though I have never met you, I just want to say thank you for all you do?. And thank you cowrywise? .
Interesting….. Thanks a lot Ope
Thanks a lot Ope…
I always feel special when i recieve a message from Ope
Is good I love it
Wonderful advice!
Thanks
Thanks for the advised Mr Ope
After reading everything I have decided to go back to my saving culture with Cowrey wise as the savings really heaped me during the luck down in 2018. I was able to save some money which really helped me when salary was not paid and as business shutdown. Thank you Ope, for this article ?
Ope has Don well dey should keep the good work
Thank you Ope. The simple tips came in handy.
I love this 7 nuggets so motivating. Before now I started reading the book but stopped half way but now I will start all over and complete it.
Thanks so much Ope.
Thank you so much for this Ope!
I started saving with Cowrywise late last year and much happy I did. Thanks, Ope for this piece, seen that book a lot but have less time to read it till the end, glad have someone give a summary ):
I just started saving with cowry wise in December and with this information and so eager to do more. Thank you Ope.
Hello Admin
I love this platform …I’m a Digital marketer expert which i work under a firm..I introduced this to them..The Director of my firm would like to have chat with your CEO before he recommend it for all members. How can i link you up? Many are asking of the risk..If i would be responsible for it …We are hundreds in this firm… It would be good if you can contact me directly sharing your whatsapp number via my email…Thanks
Hello Ayo, thanks for your patience. Please send an email to support@cowrywise.com.
Yes oo… I have read the novel “the richest man in Babylon” thanks for the 7 money Lessons….
This is really good. I feel very save using cowrywise.
That is great to know.
Why is it taking tikme for your customer representatives to reply.. i Have credited the providus account provided and still my balance in does not reflect in my Plan
Interesting I love this
i have had savings issue for a long time …..but ever since i joined cowry…everything changed
So glad to hear this.
Pls I could access my bvn hope no problem. Is say we couldn’t validate Ur bvn
I could nt access my bvn it tell me we couldn’t validate Ur bvn
Hi there. If this is still pending, you can settle all BVN issues through details in this link:
https://intercom.help/cowrywise/en/articles/3711418-got-concerns-about-your-bvn
What is the title of the book?
I have read the book and been applying it’s principles ever since. It’s one of the best I have read so far. Thanks for recommending it again.
Thanks, this just cured me of my obsession to buy a new golden shoe.
You’re welcome.
I’m glad you read it just in time.
Ope great Job! I hope to meet you someday. I am always intrigued by the quality of Content you share. Take 3 gbosa ??
Thank you! ???
Indeed, the ideal of investing in oneself should be daily routine is highly commendable. Thanks for the continuous awareness. Regards
Thanks for reading, Joye! ??
What is the interest rate in the simple investment plan?.
This is very good and lovely. I am glad it read it..
It will help me save and invest more.
I have a question which I don’t want to ask here.
Awesome! Glad it helped, Alex.
Please send a mail to support@cowrywise.com to ask or send us a DM on any of our social media handles.
Read this book sometime in the past, basic and true. Thanks Ope for the enlightening reminder.
??
Read this book 3times before and each time I open it its like something new is discovered.
Thanks Ope for all your updates.
??
This book is really nice, so helpful I love it
Thanks for sharing.
You’re welcome!
Ope, great job. Just started using cowrywise say, a month back. But, for this short time, your regular updates regarding investments have always reminded me of why I should step up my game on my savings habit. Thank you for all you do and still doing to help and support cawrywise clients or investors. We look forward to steady and regular updates on all that cowrywise do. Thumbs up to you all. Cheers!
What a nice write up.It’s really educating.
Thank you!
Yes my mentor, this is really an eye opener,..it makes me to rethink of my next move.. thank you
Security is important, and hence our proactive approach to security of savings through our Trust structure that allows all assets to be held by our trustees on behalf of savers.
Yeah it lovely. I will try to buckle down in my savings.
ksunday885@gmail.com
Please I need a loan for a business I’m totally down I real need a loan please help me out I promise to pay back in due data my mother is totally down all because of no money for her treatment
This book continues to create an awareness of principles for wealth creation . Thank you ope
Meanwhil i just love your web page its interactive and legible.
Wow , content writers here are really good , I love how OPE related the lessons of this book to what cowrywise does.
The Richest Man in Babylon is one of those books that has been on my “To Read” shelf for years?. The only reason I finally picked this up today was to catchup with my non-fiction reading goals. Turns out, this is actually a fantastic read! Nice piece Ope..
I’m new to cowrywise.. please I need more enlightenment so as to share with family and friends..
Thanks
Inspiring.