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Nairaland Forum / Nairaland / General / Investment / How Does The Rich Save? (500 Views)
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How Does The Rich Save? by ProGSM(m): 11:59am On Dec 22, 2021 |
I am just wondering about this. How does the rich save? Do they save in an account they can't access at all time? Do they invest and leave it there without withdrawal regardless of what? Kindly share with us. Thank you. |
Re: How Does The Rich Save? by SurvivorM(f): 12:06pm On Dec 22, 2021 |
With investments |
Re: How Does The Rich Save? by Dahustler007(m): 1:45am On Dec 23, 2021 |
It's all about discipline nigga, do what rocks your boat. Don't just save but invest wisely! Read Good books that'll educate you on how to handle Finance. The Richest Man In Babylon Rich Dad And Poor Dad 1 Like |
Re: How Does The Rich Save? by ProGSM(m): 7:42am On Dec 23, 2021 |
Dahustler007: Ok Thanks I need more suggestions Also what has worked for you. |
Re: How Does The Rich Save? by ibechris(m): 8:52am On Dec 23, 2021 |
The rich save into an investment....that is the more they spend,the more money they make because of their various investments. However,if u must save...let it be in an investment such as mutual funds,FGN bonds,treasury bills and commercial papers. These kind of portfolios will increase ur money rather than dwindle it. Conversely, the poor invest in liabilities such as gambling,ponzi and living their cash un-invested in banks and other unregistered money collectors. 1 Like |
Re: How Does The Rich Save? by ProGSM(m): 11:54am On Dec 23, 2021 |
ibechris: This sounds great! 1 Like |
Re: How Does The Rich Save? by Dahustler007(m): 1:07pm On Dec 23, 2021 |
ProGSM: Well I'm still in the same position as you... That's the little I know now I'm tryna apply it too. GoodLuck Brother |
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