Afraid To Lose Money.

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Money is a crucial thing, and we all strive to, and work hard to earn money on daily basis. As much as money is so important, nobody ever wish to lose his/her hard earned money no matter how little it is.

So many times, the fear to lose my money has overwhelmed me, this makes me not to engage in any contribution whatsoever, I will rather keep my money at home.

There's a particular time, I was introduced to a man who is a daily collector of a particular contribution company, whatsoever we contribute throughout the month, is what we are going to collect only that we are going to spare a day contribution for the man who is the daily collector officer.

So, this particular month i tried to save my money with the contribution company daily, though I was afraid due to many stories I have heard about some daily collectors that has run away with people's money. So, for this reason, I only started the contribution with a token of five hundred Naira (#500), as a trial maybe I won't lose my money.


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At the end of the month, I received a total amount of fifteen thousand naira (#15,000), after which the collector officer has deducted his own share, I was amazed. Immediately, the fear of losing my money to the daily collector man disappeared, and the next month I increased my savings to one thousand naira daily (#1,000), at the end of the month I also received my contribution with a total of thirty thousand naira (#30,000), after which the collector officer has removed his share. This was around last year July and August.


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Then, I was convinced that I can't lose my money with this type of contribution company, because the company is a registered one, even they have many workers as their daily collector officers, so it's not a one man affairs.

After my encounter with the company, I was the one that patronized the company in my environment, and now they have a lot of customers saving money with them in my environment, and since then up to date l have being saving my money with them, and there's no fear of losing my money again.

This is my submission for the Hive learners weekly contest for week 30 edition 01.

Thanks for reading my post...

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18 comments
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My dear I understand your fear of losing money to daily contributions. I had the same experience buy thank God the collectors was my elder sister and she saw to it that I got my money though most of the other contributots refused to pay. Glad it's working out well for you.
Thank you for sharing.

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Thanks to you for visiting my post, I appreciate. Actually, if the company is not registered I won't go with it.

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Yea we got to be careful with our money nice article my friend
Why don't you deposit the money in a bank?
GOod luck with the contest

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Thank you sir, here in my country if you deposit money in bank, you won't have access to the money by the time you want to use it, and paraventure if you have access to it the money will not be completed.

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Hello @t-monnay how nice that your experience was satisfactory. Sometimes it is not. You have to be careful when money is involved. Good article.

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Thanks for the advice, I only did what I did because the company is a registered one.

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We are all afraid and scared of loosing money, my fear for loosing money is exactly why I find it hard to invest in online platforms.

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You are absolutely right @offia66 , I also didn't invest in online platforms.

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This is something very interesting that I've never heard of in my own country.

What do you gain from giving them this sum of money daily? Especially since the person seems to take a fee at the end of every month?

Since it seems you do not quite trust bank deposits and even stock exchanges, have you thought about buying gold/silver as a store of value instead?

!PIZZA 🍕

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Well, the fee they collected is for the service they rendered by helping us to keep our money throughout the whole month, and the contribution is not always a large amount of money.

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