₦airaland Forum

Now you might be wandering, what's the use of this Post. Which brings us to:


How do I apply the knowledge in this post in my daily life?

1) I don't save money long term... neither do I engage in any long term Ajo contribution (6 months - 1 year)

I have a bank account...the bank calls it a savings account but that doesn't mean I have to use MY ACCOUNT TO SAVE MONEY

Whenever I have a project to do, little or big, I'd rather spend on the go THAN SAVE AND COMPLETE IT ONCE (that means if I plan to build a house and I need 100 hydraform blocks, but the money in my pocket is enough for just 50 hydraform blocks... Then I'd buy the 50 I can buy now and add the remaining 50 later...

Price of goods in the market is increasing Daily so it'll benefit me if I get a cheaper price than when inflation happens and the price doubles)

2) I'd prefer my pension funds is invested in a business or investment THAT BRING ME RETURNS that beats inflation or HEDGE AGAINST INFLATION

And there's a big difference between hedging against inflation and beating inflation.

What you are saying is
Business owners are the most unique people

IAmHim1:
Now I'm not saying 'dont work' or 'quit your job'
Tha would be the silliest thing you'll ever hear from me

All I'm saying is understand what's going on so you can make informed decisions about your financial Life.

Like concerning pension and locked savings account...by the time your pension fund release your money years after, it would have been eaten terribly by inflation....

All those locked bank savings account that promises you interest of double mouth watering digits IF you don't touch your money for 6 months or 1 year+..they know what they're doing

THAT INTEREST RATE THEY PROMISE YOU IS NEVER...IS NEVER GOING TO BEAT INFLATION

banks are not in business to go out of business. Whatever the promise you, their customer, they have a sure way to profit...even to the detriment of you, their 'esteemed customer '

It. Is. what. it. is

IAmHim1:
Ooh. I understand now

Business owners are not the most unique people


People who can accept truth when they come across it in their FINDINGS are the most unique people

okay now you are making sense