Saving money can't make you rich
When I was young, I cultivate the habit of saving the little money people give me and all the 5 naira to 50 naira change that I get when my family sends me on an errand.
My plan was to save till the end of the year and use it to buy clothes but guess what? within 3 weeks or the longest 1 month, I end up spending the money, it is either I am craving food[bread and beans] or I feel like playing ps in the game center, I was never able to save for a whole year...
I was not able to save for that cloth back then until I grew up and started working, I collect a salary that is worth more than the cloth and hence I was able to purchase the cloth at ease...
The same thing goes for adulthood, we all have big dreams we want to achieve, and some plan to save till they have enough to accomplish that dream but anytime they try to save money, some problems or needs just arise and in the end, they tend to use that money they are saving to solve the issue...
This is the reason why I said We can't get rich by saving money because we will end up using the money for things we didn't expect..
Riches do not come from saving money but savings can help us to become rich...
Investment is the key to wealth but we need money to invest and that is where savings become important, this is why it is good to save when an opportunity arises, we will have the money to use ...
As my mentor would say, stay away from debt, save money, and lastly, venture into a business people demand from you and from investing into such a business is where you can become rich if it become succesful...
The more money you invest, the richer you become, this is why the rich keep getting richer and the poor remain stagnant because the poor are scared to invest for fear of losing their money but they are never scared to use that money to eat till they finish it..
Do not save your millions in the bank, the banks are using your money for investment, invest your money too and only save your money for bills in the bank....
Scared of losing your investment?
This is where real estate comes to play, money invested in real estate never depreciates because the price of land never goes down, up up it goes as the area develops... You can invest in land, lease it to others or build on it and rent it out...
If you have a good business idea as well and you have some savings, don't wait.. start now!
SAVING MONEY WITHOUT ACTION CAN NOT MAKE YOU RICH
Just call me Burl.
I am a professional gamer, motivational speaker and a crypto enthusiast
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Giving up is not an option, every hustler has a payday
Don't wish for it, Make it happen
Totally agree savings are not gonna make you rich for sure, but it is gonna give you some kind of backup. Investment is a good thing indeed.
Omo those five five naira for don help you buy benz now😂😂
Hahaha 😂😂😂
This girl!!! 😅😅
Agreed. Savings wasn't meant to pull us out of poverty unless we move the money to an investment portfolio which we have done our research on.
If we should save it should be as emergency fund and for expenses.
The bulk of our savings should be send to work for us instead of lying around in the bank and making them rich while leaving us poor due to inflation.
And yes, lands are good investments. A lot of things can be done on it to generate more money.
Well said! Through saving we can invest but saving alone cannot make us rich. Saving is only good to take care of expenses and in case of emergencies. But we have to play offense through investing to become wealthy. Real estate is a good investment for people who are not keen on taking big risks, properties always increase in value over time.
Yay! 🤗
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