Hello guys!
Good morning.....

Its a good week to talk about money!

sometimes i wonder why people stack a lot of funds in the bank.
Yeah, it's safe and all, but then inflation is on the rise.

The 10k of Aug 2022, is not same today, so each day there is a decline in your purchasing power if your leave your money in the bank, except of course it's your weekly 'running around' funds. Any thing else should be put to work! - Mutual funds, high yield savings, stock and investments.

A lot of people have very poor financial habits and that's why they easily run into debts and have creditors chasing them up and down.

Have you ever owed rent for months and you're wondering how come? with all the money you made - Well, that's because of poor financial choices.

Let's paint a scenario - Your Rent is 800k and earn 200K
Do you know locking up N66,666 monthly would easily amount to 800k at the end of the year?

Now imagine if you're locking this money in a savings plan of atleast 12% p.a
you would make at least 45K interest while saving for rent stress free.

Personally, i put idle market to work in a couple of ways....after a few people join in.
let me hear your thoughts on how you put money to work.