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#AhdoraSpeaks – Stop The Hustle. Start Living.

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Hustle: hus•tle (ˈhʌs əl) /Hustling

  • To Proceed or work rapidly or energetically
  • To push or force one’s way, jostle or shove.
  • To be aggressive, esp. in business or other financial dealings.
  • To urge, prod, or speed up.

 

One of the things I pride myself on is “being a do-er”. I am the person who gets out of a meeting and moves right into execution mode. I can’t sit and strategize for too long because I’m always itchy to action my ideas and produce results. However, I also have learned how to Chill the *French Word* down, and breathe before I move. Creativity and Ambition are a double-edged sword, and it’s important to know how to handle.

The Hustlers Creed states that you have to work hard, obsessively, wake up early, stay alert 24/7, and knock your goals to the ground, because that instagram post says “Successful people are those who stay up while the rest of the world sleeps”. The hustle mentality is promising, because it lures you with all the promises of quick success, and greatness, and you’re #Winning.  Hustle sells us you the idea of being “self-made”, it doesn’t tell you the truth which is that every success story has multiple hands, and people who shared their time, knowledge, and resources. You become completely absent in other aspects your life, and you’re struggling to sustain your business and relationships, but the Hustler mentality is so sweet, because it fills you with an adrenalin rush.

“Adrenaline causes blood to move to the action centers of the brain telling it to increase heart rate and blood flow and we get a sudden surge of energy as hormones flood the body.  The trouble with this? The sympathetic system’s activity breaks down the body when stress hormones like adrenaline and cortisol run unchecked. When this system dominates, energy is diverted from healing, building tissues, and eliminating waste. The energy for this system comes from demands placed on your glands (as opposed to the kind of energy that comes from eating food). And while it feels good or great at first, it is often followed by fatigue or even a crash. Over time, too much sympathetic nervous system activity breaks the body.” (Source: The Suppers Program).

I am of the school of thought that the Hustle mentality is pure Ego at work – unadulterated, messy Ego, that drags you down into a hole of confusion and loneliness. Sadly, this is the life of many people in today’s world.

When you’re asked how you’re doing, there is absolutely nothing cool about saying, “Nothing much. Just on the Hustle.” This is a sure fire way to crash mentally, physically, and emotionally. The problem with making hustling the primary way to express your creativity is that you cant be full or content, because it will make you feel in limbo or left behind. It’s quite interesting how many people have allowed one word to completely control their lives. One word has so much authority to constantly remind you to bust your ass and make sure that no one gets in your way. One word that makes you compete aggressively as though no one else should succeed, but you – pushing shared goals, and humanity to the side. Instead of building together, Hustle wants us to rush to the finish line and #Win … Alone. Hustling is a serious addiction with serious consequences.

Looking through history, I’ve found that some of the most genius creators struggled with mental illness.

Researchers at the University of California studying the link between Entrepreneurship and mental illness found that 49% of entrepreneurs surveyed were dealing with at least one mental illness (such as ADD, ADHD, Bipolar Disorder, Addiction, Depression, or Anxiety) and about one-third of entrepreneurs struggle with 2 or more mental illnesses. Among Canadian start ups, mental concerns have been reported across 72% of entrepreneurs, compared to 7% of the general public. These numbers are significantly worrisome. According to The Globe and Mail,Between 2011 and 2015 several high-profile suicides in the start-up world brought the issue to light, including the death of Austen Heinz, a biotech entrepreneur and the founder of Cambrian Genomics; Aaron Swartz, the co-founder of Reddit; and Jody Sherman, the founder of Ecomom.”

There is often a gap between the reality and expectations of an Entrepreneur that creates stress, combined with having to continuously project a confident image to investors, clients, employees, friends, and family. The internet doesn’t help either, as it opens up multiple opportunities to have full blown panic attacks from watching other people’s lives, and feeling like yours has slowed down.  I have been a hustler before, and it was extremely draining. I would spend all my time being “busy” and chasing the next thing and the next and the next, while neglecting my inner purpose, nurturing my spirit, and being present for the people around me.

After I stopped hustling, I was able to think clearly, focus on work that truly mattered most to me, and spend more time listening and paying complete attention to people. I was able to create and explore opportunities for collective success. I realized that being in tune with my inner spirit, and making deliberate decisions allowed me to be joyful and grow in contentment.

stop the hustle

Here are some things that have helped me transition from hustling to Entrepreneurship (Yes there’s a huge difference).

1. Identifying purpose in everything –  Before I take on a new project, or responsibility, I always ask myself why I’m doing this. My reason must make me comfortable. Even where I may not necessarily enjoy the job, I assess the scope of work and identify possible pro’s and cons, and then make a conscious decision whether to accept. If I find that my “Why” is coming from a place of guilt, or just to make someone else happy, then I drop it.

2. Saying No, as much as I say Yes –  I turn down partnerships, collaborations, and even clients that I am not comfortable working with. Interestingly, since I started doing this, my business has become more joyful and prosperous. My focus shifted to working with people whose missions align with mine, and whose goals I am passionate about. As Warren Buffet said once “The difference between successful people and very successful people is that very successful people say no to almost everything.”

3. Creating my own working terms, and communicating these terms – I set timelines based on several important elements of my life. I also notify clients upfront that they will not always have access to me, but can be assured that their work will get done. In addition, I have set times where my team knows not to interrupt me – During these hours, my productivity shoots up to the sky and I knock out as much work as possible while I still feel “gingered”.

4. Being Whimsical and Having Fun – I’ve found that my most creative ideas come to me when I’m happy and playful. I have the most a-ha- light bulb moments when I’m hanging out with my friends, or simply listening to good music and chilling. The truth is that we lose our mental blocks when we open up our hearts to receive happy and relaxing times.

5. Removing the word “Struggle” from my dictionary – There’s no doubt that there are entrepreneurs that enjoy struggling because it gives a sense of ambition and more. I draw inspiration from people like Richard Branson, Tony Robbins, Seth Godin, and Oprah, who have built some of the most amazing companies and brands in the world, but have fun doing it. One of the biggest myths that people have about the attainment of success and making money is that it must be a struggle.

6. Sharing my journey in the most honest and open way possible – Sharing my journey publicly has allowed me to build a personal relationship with many people who are learning and growing through the experiences that I share. In return, these people inspire and motivate me to continue being a Bright Light and excelling in the work that I do. I am happier being able to tell my story as it is – ups, downs, sideways, and more.

Finally, I don’t think that our community discusses this subject as much as we need to share. I think sharing our mental health stories will help other entrepreneurs feel more comfortable about sharing their own struggles.

Here’s a powerful quote I came across – “The river can go on rushing and hustling on it’s way without me, I know in the end it always ends up at the ocean. The big, real, powerful things don’t have to rush for anyone, they are timeless enough to wait for us to come home.”

BUSINESS

These 4 Nigerian Banks Rank Among Africa’s Top Financial Institutions

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See Nigerian banks among Africa’s top financial institutions | fab.ng

Nigeria’s banking industry is making a big splash. Four Nigerian banks have been steadily climbing the ranks and are now considered some of the top financial institutions in Africa. This feat has been further amplified by a recent report from Global Finance, a respected authority on international finance.

Their spotlight on Africa’s best financial institutions has brought even more attention to Nigeria’s growing power in the African financial landscape. These banks haven’t achieved their success overnight. Their rise to prominence signifies a strong and stable foundation and a commitment to financial health.

This recognition by Global Finance isn’t just a win for the banks themselves but for all of Nigeria. It positions the country as a key player in Africa’s financial future and has the potential to attract foreign investment, boost confidence in the domestic banking system, and encourage further growth within the financial sector itself.

This is just the beginning for Nigerian banks. With their newfound recognition, these top-ranked institutions have the potential to expand their reach even further across Africa. This will provide innovative financial solutions to a wider range of customers. The future of African finance looks bright, and Nigerian banks are well-positioned to be at the forefront.

Let’s take a look at these banks below:

1. Zenith Bank Plc

Zenith Bank boasts a global team of over 10,000 employees. This extensive staff ensures they have the manpower to handle a large customer base and deliver quality service.

The bank has a massive physical presence within Nigeria, with a network of 500 branches and business offices. This extensive reach allows them to serve customers in a variety of locations across the country.

Zenith Bank isn’t satisfied with dominating the Nigerian market. They’ve strategically expanded their reach into other African nations, including Ghana, Sierra Leone, Gambia, and South Africa. This global presence positions them as a major player in the African financial landscape.

2. Access Bank

Access Bank is a successful commercial bank that operates in many African countries. They include Ghana and even have a branch in the United Kingdom. It’s part of a larger group of companies called Access Bank Group.

Access Bank is always looking to grow its business and recently made a move to expand into Kenya. To show how serious they are about growing in Kenya, they made an offer to buy a Kenyan bank named National Bank of Kenya.

3. United Bank for Africa (UBA)

The United Bank for Africa, or UBA for short, is very successful in Africa. They’ve won awards for their great service in countries like Burkina Faso and Sierra Leone.

UBA is a major player in African finance with over 1,000 branches spread across 20 African countries and more than 21 million customers.

However, there might be some trouble ahead. Recent political changes in Burkina Faso could make it difficult for UBA to operate there as smoothly.

4. Guaranty Trust Bank (GTB)

Guaranty Trust Bank, or GTB for short, was founded in 1990 and has grown into a very important financial institution around the world.

In 2021, they did a big reorganization and changed their name to GTCO Plc. This change also allowed them to grow their business even further. They opened offices in more and more places across Africa and even outside the continent.

Their dedication to doing a great job and keeping their customers happy is shown in how they were recently named the best bank in Gambia.

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BUSINESS

10 African Countries Where Cryptocurrency Is Restricted

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Cryptocurrency: 10 African Countries Where It Has No Use | Fab.ng

Cryptocurrency transactions remain banned in some African countries, despite the potential for regulatory frameworks to support their development.

According to Chainalysis, Africa is one of the fastest-growing crypto markets globally, with Kenya, Nigeria, and South Africa having the highest number of users in the region.

Many governments are wary of digital assets due to concerns over money laundering, illicit activities, tax evasion, and financial fraud, as cryptocurrency transactions can be hard to trace.

In 2021, the Central Bank of Nigeria (CBN) ordered banks to close all customer accounts involved in cryptocurrency transactions. However, this ban was lifted in December 2023.

On May 6, 2024, the Securities and Exchange Commission (SEC) increased restrictions by delisting the naira from all peer-to-peer (P2P) platforms. The Director-General of the SEC, Emomotimi Agama, mentioned that the government is drafting new regulations for the crypto sector, following the advice of the International Monetary Fund (IMF).

Here are countries in Africa where crypto transactions or digital currencies has no use:

Tunisia is one of the African countries taking a particularly cautious approach to cryptocurrency. Back in 2018, their central bank made headlines by actually criminalising the use of cryptocurrencies.

They issued a strong statement warning people against using any digital asset that the Tunisian government did not officially approve. This strict stance shows just how seriously some African countries are taking the potential risks associated with cryptocurrency.

Sierra Leone has been very cautious about cryptocurrency. In 2019, their central bank took a strong stance against it. They shut down two cryptocurrency companies and made it clear that they wouldn’t be granting any licences to businesses or banks that wanted to deal with cryptocurrency deposits or trading.

This shows that Sierra Leone is concerned about the potential risks involved with cryptocurrency and is taking steps to limit its use in the country.

The situation regarding cryptocurrency in the Democratic Republic of Congo (DRC) is a bit unclear. The International Monetary Fund (IMF) reports that the Congolese government has completely banned cryptocurrency.

However, a 2018 study by Ecobank suggests the opposite. They found no official statements from either the Congolese government or the Central Bank regarding cryptocurrency’s legality or use.

This lack of clear communication from Congolese authorities makes it difficult to say for sure what the official stance is on cryptocurrency. However, from the IMF reports, it is assumed that the government does not accept its use.

Ghana is another African country taking a wait-and-see approach to cryptocurrency. The Ghanaian government has completely banned crypto transactions within the country.

Despite the ban, the government is still interested in the underlying technology behind cryptocurrency, blockchain. They’re currently studying how blockchain could be used to improve Ghana’s payment systems.

This cautious approach is evident in their actions. In 2022, they reaffirmed the 2018 ban on using cryptocurrency for any financial transactions in Ghana.

Algeria has a strict ban on cryptocurrency. Back in 2018, their parliament passed a law that completely restricted digital currency activity in the country. This law prohibits Algerians from buying, selling, using, or even just owning cryptocurrency.

In 2018, the country’s central bank raised a red flag about cryptocurrency. They issued a statement warning people against promoting or investing in crypto because it wasn’t regulated or officially licensed by the government. This suggests they’re concerned about the potential risks involved.

Morocco’s relationship with cryptocurrency has been a rollercoaster. In 2017, the Ministry of Economy slammed the brakes on crypto transactions, fearing they violated the country’s exchange regulations. This meant a complete ban on buying, selling, or trading cryptocurrency in Morocco.

However, things seem to be changing. In 2023, there was a positive shift. Morocco’s central bank announced they were working on drafting new regulations specifically for crypto trading. This suggests a move towards a more controlled and monitored crypto market in Morocco.

Tanzania is another African country where cryptocurrency exists in a bit of a grey area. There aren’t any written laws or regulations specifically about cryptocurrency transactions in Tanzania.

However, the Tanzanian central bank has taken a cautious approach. They issued a public statement advising people against trading or using virtual currencies like Bitcoin. The bank made it very clear that the only official currency recognised in Tanzania is the Tanzanian shilling.

Cryptocurrency is a hot topic in Central Africa, but there are no clear rules yet. Cameroon, for example, belongs to the Central African Economic and Monetary Community (CEMAC). This means they use the Central African CFA franc, managed by the Bank of Central African States (BEAC).

Right now, the BEAC hasn’t set any regulations for crypto trading. This might seem surprising considering the growing popularity of crypto. However, the good news is that the Cameroon government is working on it. They’re currently reviewing new rules to create a framework for cryptocurrency use in the country.

Things are complicated when it comes to cryptocurrency in Egypt. In 2018, a major Islamic legal authority called Dar al-Iftai issued a religious decree. This decree said that trading Bitcoin goes against Islamic law (Sharia Law). They basically classified it as forbidden, which is the meaning of the word “haram.”

This was followed by a move from the Egyptian Central Bank in 2019. They announced plans to create a new law. This law would make it illegal to create, trade, or even promote cryptocurrency without a special licence.

So, while using digital currency isn’t completely banned, it seems Egyptian officials are cautious about it and want to regulate it very closely.

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Employment Will Teach You These 10 Lessons

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Employment Will Teach You These Lessons | Fab.ng

Employment, or working for a living, can be a double-edged sword.

Sure, employment is a great way to achieve financial security and independence. It allows you to pay your bills, afford the things you need and want, and build a nest egg for the future. But let’s be honest, it also comes with challenges you might not expect when you’re first starting out.

Let’s explore these employment lessons below:

1. Startup costs can be a hurdle

You start a job to earn money, but you also need money upfront for things like professional work clothes, reliable transportation to get to and from work, and maybe even some basic office supplies. It can feel ironic that you invest your own money just to be able to make more money at your new job.

2. The Monday blues can hit hard

If you’re not passionate about your job and employment, Mondays can feel especially dreadful. It’s tough to be motivated and energised to tackle a long week of tasks you don’t enjoy, even if the work itself is relatively easy. This can affect your overall mood and productivity.

3. Making ends meet can be a constant juggling act

You work diligently every day, putting in your hours and effort. But depending on your employment salary, your paycheck might only come once a month.

This can make it challenging to budget effectively and ensure you have enough money to cover all your expenses throughout the entire month. It might require some creativity and financial planning to stretch your paycheck as far as possible.

4. Payday loans can become a trap

If you’re not careful with your money management and overspend throughout the month, you might find yourself broke before your next paycheck arrives. It can be tempting to resort to payday loans or credit cards to cover your essential expenses until payday.

However, these options often come with high interest rates and fees, which can trap you in a cycle of debt and make it even harder to manage your finances in the long run.

5. Your well-being is paramount

When you’re desperate for a job and trying to get your foot in the door, you might downplay the importance of work-life balance and readily agree to work under pressure on your resume. But a job that constantly stresses you out and takes a toll on your mental health might not be worth it in the long run.

There are some things money can’t buy, like peace of mind, good health, and strong relationships. It’s important to get employment that offers a healthy work-life balance and doesn’t come at the expense of your well-being.

6. The side hustle can be a lifesaver

When your income from your main job isn’t enough to cover your bills and your desired lifestyle, you might find yourself brainstorming ways to make more money on the side.

This could involve starting a freelance business, taking on a part-time gig, or exploring other avenues to supplement your income.

The extra income can help you achieve your financial goals faster, reduce financial stress, and give you more breathing room in your budget.

7. Health truly is wealth

One unexpected illness or injury can wipe out your savings quickly. Medical bills and medications can be very expensive, and even basic health insurance might not cover everything. This makes staying healthy even more important.

Taking preventative measures like eating healthy, getting regular exercise, and getting enough sleep can help you avoid costly health problems down the road.

8. Relaxation is key to avoiding burnout

If you don’t take breaks and prioritise relaxation, you might get sick, which can be a financial burden due to missed workdays and medical bills.

It’s important to schedule time for vacations, hobbies, and activities that help you de-stress and recharge. A well-rested and relaxed employee is a more productive and resilient employee in the long run.

9. Sometimes privacy is necessary

Depending on your social circle and financial situation, you might try to hide the fact that you have a job, especially if people around you constantly ask for money.

You might avoid them to escape the pressure to lend them money or give financial handouts. This can be a way to protect your financial security and avoid feeling taken advantage of.

10. Appreciation for your parents grows

Seeing how quickly money comes and goes can make you appreciate your parents more. You realise it wasn’t easy for them to provide for you when you were younger.

They likely had to make sacrifices and manage their finances carefully to make ends meet. This newfound understanding can bring you closer to your parents and give you greater respect for their hard work.

Even though having employment has its challenges, it doesn’t mean being unemployed is better. Life can be tough, but you can learn to develop strong financial habits, find a job that aligns with your values, and prioritise your well-being to navigate the complexities of working life.

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