eezeribe:
"If you cannot save money,you do not have the seeds of greatness in you"...
W.J.Clement Stone(Co-author with Napoleon Hill of 'Success through a positive mental attitude')

lalasticlala,Mynd44

nmreports:

Inspiring quote there.

ismokeweed:
Biggest problem is saving and investing in Nigeria. Modt people's are barely surviving on their salaries.

seguntijan:
Saving money is the worst thing any visionary person can get involved with, it gets you poorer and makes the Bank, Business men and investors richer. The Business man or investor goes to the bank to take up the money you save as loan and invest it into their business and make huge amount of profit they pay back the loan(your money), give interest (Bank profit on your sweat/money), and keep their profit. Mind you the tax they'll deduct from their money won't be much because government needs to give investors some incentives because they're helping the economy, providing jobs while you that own the money will be tax. The bank also will remove charges from the money you save and give you at most #50Naira out of millions they made as interest. It can even be better if you fixed the money then you'll be entitled to about 6% of your money depending on your bank, at most they use 30% of your money to maintain the Bank staffs and building, therefore Jim Ovia and co will have 64% of your money invested to himself and family. before you know it you're helping him to maintain his private jets, his residential apartment at Abuja, Banana Island and co, you'll be helping him to send his wards to school abroad and come back to be your boss, and the chain continues. Worst of it the money you save up should now lose its value as we're experiencing presently, mind you Jim Ovia and co has access to dollar than you the saver, so they'll trade your money off again to make more money and you'll be withdrawing worthless money again.
In summary saving is the worst thing anyone can advise you to do, you can never see the likes of Dangote, Warren Buffet saving up money, they'll rather be serving loan collected on your money (don't forget the money they paid on your money is meant for Jim Ovia and co NOT YOU). funny enough it's LEGIT u can't sue them, so keep working under the sun and in the rain, keep working from 7am-7pm, keep taking your money to them, while they keep going to gym, club, expensive leaves on your money.
NB:- Not peculiar to Nigeria alone, and this is the reason why the RICH ARE GETTING RICHER AND THE POOR ARE GETTING POORER BECAUSE YOU'LL KEEP STRUGGLING TO SAVE MONEY

seguntijan:
Saving money is the worst thing any visionary person can get involved with, it gets you poorer and makes the Bank, Business men and investors richer. The Business man or investor goes to the bank to take up the money you save as loan and invest it into their business and make huge amount of profit they pay back the loan(your money), give interest (Bank profit on your sweat/money), and keep their profit. Mind you the tax they'll deduct from their money won't be much because government needs to give investors some incentives because they're helping the economy, providing jobs while you that own the money will be tax. The bank also will remove charges from the money you save and give you at most #50Naira out of millions they made as interest. It can even be better if you fixed the money then you'll be entitled to about 6% of your money depending on your bank, at most they use 30% of your money to maintain the Bank staffs and building, therefore Jim Ovia and co will have 64% of your money invested to himself and family. before you know it you're helping him to maintain his private jets, his residential apartment at Abuja, Banana Island and co, you'll be helping him to send his wards to school abroad and come back to be your boss, and the chain continues. Worst of it the money you save up should now lose its value as we're experiencing presently, mind you Jim Ovia and co has access to dollar than you the saver, so they'll trade your money off again to make more money and you'll be withdrawing worthless money again.
In summary saving is the worst thing anyone can advise you to do, you can never see the likes of Dangote, Warren Buffet saving up money, they'll rather be serving loan collected on your money (don't forget the money they paid on your money is meant for Jim Ovia and co NOT YOU). funny enough it's LEGIT u can't sue them, so keep working under the sun and in the rain, keep working from 7am-7pm, keep taking your money to them, while they keep going to gym, club, expensive leaves on your money.
NB:- Not peculiar to Nigeria alone, and this is the reason why the RICH ARE GETTING RICHER AND THE POOR ARE GETTING POORER BECAUSE YOU'LL KEEP STRUGGLING TO SAVE MONEY

lonelydora:
Nobody should try number 3 in this present world. Even your brother/sister will disappoint you. There is hardship in the country.

Number 1 is good, but how do you get the money if you have something to invest on?

I use number 4 though. I trust my wife 100%

Griffon:
I am not actually against savings, I am not either entirely in support of it.

What makes the savings idea a bad idea is the motive behind why you are savings. If you are stacking up cash in the bank or in the hands of a confidant, with the motive to spend that savings on a big house project, luxuries cars, wears, gadgets etc, then sooner or later, you'll become broke.

The only motive why you should save your cash is to invest it into an idea when the time is due. That is the way of the rich.

Only folks with a poor financial knowledge save to spend. You save to invest. That is the important step to take towards attaining financial freedom.

WenysAD:
If u find savings too hard for u to do by urself. Take it to insurance, it saves and secures ur future financial abilities. Insurance is d only investment dat is protected and secured and greatly imbibes a savings culture in one and provides great benefits on ur investment. Think safe and secure investment/savings plan......think insurance
More so if u prefer to invest rather than save, it's advisable u insure ur investments

Pls check my siggy and contact me for me further info.
Love y'all

Griffon:
I am not actually against savings, I am not either entirely in support of it.

What makes the savings idea a bad idea is the motive behind why you are savings. If you are stacking up cash in the bank or in the hands of a confidant, with the motive to spend that savings on a big house project, luxuries cars, wears, gadgets etc, then sooner or later, you'll become broke.

The only motive why you should save your cash is to invest it into an idea when the time is due. That is the way of the rich.

Only folks with a poor financial knowledge save to spend. You save to invest. That is the important step to take towards attaining financial freedom.