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Advice Needed On How To Retain The Value Of Money I Currently Have With me - Nairaland General - Nairaland

Nairaland ForumNairaland GeneralAdvice Needed On How To Retain The Value Of Money I Currently Have With me (175 Views)

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Advice Needed On How To Retain The Value Of Money I Currently Have With me by Jayboi(op):
I have a certain amount kept with me by a friend. It's for educational purpose and he's yet to start because the new calendar year is yet to start. However, the impending increase in minimum wage is making me scared because of the fear of inflation. How can I retain the value of this money so that it would be able to serve the purpose intended. I don't plan to change it to dollars because it's also risky. I welcome all the advice I can get. It's not a long term investment o cos he ll need it around September
Re: Advice Needed On How To Retain The Value Of Money I Currently Have With me by Zonefree(m): 10:53am On Jul 26, 2024
Jayboi:
I have a certain amount kept with me by a friend. It's for educational purpose and he's yet to start because the new calendar year is yet to start. However, the impending increase in minimum wage is making me scared because of the fear of inflation. How can I retain the value of this money so that it would be able to serve the purpose intended. I don't plan to change it to dollars because it's also risky. I welcome all the advice I can get.
How's it risky? undecided

For you to even think changing your Naira to Dollar in Tinubu's administration is risky shows the level of your intelligence. embarassed
Re: Advice Needed On How To Retain The Value Of Money I Currently Have With me by Jayboi(op): 11:02am On Jul 26, 2024
Zonefree:
How's it risky? undecided

For you to even think changing your Naira to Dollar in Tinubu's administration is risky shows the level of your intelligence. embarassed
Abeg, channel Ur frustration elsewhere. Gimme better advice if you can.
Re: Advice Needed On How To Retain The Value Of Money I Currently Have With me by Zwooks: 11:03am On Jul 26, 2024
Jayboi:
I have a certain amount kept with me by a friend. It's for educational purpose and he's yet to start because the new calendar year is yet to start. However, the impending increase in minimum wage is making me scared because of the fear of inflation. How can I retain the value of this money so that it would be able to serve the purpose intended. I don't plan to change it to dollars because it's also risky. I welcome all the advice I can get.
Invest it in a business like my farm. I am open to partnership. Have a look

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