Executive Director of the Media Career Development Network, Mr Lekan Otufodunrin has shared valuable insights with members of the Female Freelancers Federation (FFF) in Nigeria and other journalists about investing wisely and building a successful career.
Speaking at an online webinar on “Tips on Investments as a freelance journalist”, Otufodunrin emphasised the importance of securing a stable income before venturing into investments and advised saving a percentage of earnings while investing in assets that appreciate in value.
Otufodunrin also stressed the need for negotiating pay rates and seeking advice from experts and mentors before investing.
Freelancers and other full-time staff journalists were advised to stay updated on industry trends, acquire skills to remain valuable in the digital age and maintain an active social media presence to promote their work.
While warning against borrowing beyond one’s means, Otufodunrin recommended having an accountability partner and collaborating with like-minded colleagues for investments. He also suggested reading finance and investment books to gain knowledge about investments and encouraged having long-term investment goals.
The Media Career Specialist further advised freelance journalists to obtain recommendations and testimonials for their work even if they are not paid for it.
The Convener of the FFF, Elizabeth Osayande said the webinar was inspired by Otufodunrin’s Facebook post “Investment Advice for Journalists” on March 16, 2023.
She urged participants to take seriously the tips offered by Otufodunrin to enhance their practice and secure their future financially.
Participants commended the focus of the training which they said was an “eye-opener” on things they need to pay attention to and take necessary steps.
