I was about to finish my speech on best ways to save money and grow rich at a seminar I was invited for at a church in Lagos before a woman burst into tears. There was a little bit of commotion for a while, as people gathered to actually know what happened.

I paused for a while, while the ushers of the church rushed to console the woman who was already wailing uncontrollably. She requested she speak to me after the meeting, and I obliged. What really happened to her?

It was the story of how she has worked for 19 years, but with actually nothing to show for it (I actually made her see such), and she really felt it during my speech.

This post isn’t going to teach you how to save money; I am interested in showing you simple ways to save money and create protection around the money you are saving.

There is a negative cliché meant for wasters who have no intention to save money for the future, and they give an excuse for I rather invest than save



They fail to understand that the best investors are the best savers. If you doubt me, why do countries have foreign reserves?

I will show you the simple ways to save money and grow rich while you are still in your prime. I learnt the hard way, and I don’t want any of my readers to make the same mistake. That is the reason you should subscribe to my blog after reading.

What are the Best ways to save money to Become Rich?

1) Realize the need to save money and become rich

If you think that nobody can save money and grow rich, then you haven’t heard about Warren Buffet. He is considered a “Savings Billionaire”. As a financial advisor for my clients, I tell them that you can’t plunge into the muddy waters of investments without having backup savings plans. There are thousands of ways to save money, but there are few ways to save money and become rich.

If you think that saving money is just for poor people, calculate how much time you’ve been a working class person, then you check how much is currently in your account balance. Do the numbers tally?

If No, so who is really the poor person?

A lot of people forget the first rule of business, which is “Pay Yourself First”.

Majority of people spend before saving, which is actually a dangerous path to thread. It should be exactly the opposite. I will be explaining these in details in the next post.



Avoid the Banks

Did you hear that right? This is one of the simple ways to save money and grow rich. The banks offer you just

- Transaction
- And the Speculative function of money, leaving out the most important part of savings, which is precautionary.

Banks offer you just a token sum of 3.1% to save money (in a savings account untouched) while making monthly deductions that cancels out everything. You can deposit a certain amount in the morning, and withdraw all the same day in the evening. What is now the essence of saving?

The mistake working class people and business people make is trying to believe the banks love them, and this mentality should disappear after reading this post.

Lookout for forced longer-term investment plans

I pitched to a friend (see types of friends to avoid the need to start saving to grow rich in 2011, he complained about the length of time he has to keep his money (We had a plan of 6 years) and he declined the offer. He has worked for seven years with an account balance of just 250k, and maybe you should help calculate how much I saved up within such period (I already used my proceeds on an asset with other cash back to my savings).

I work in a financial house, and I have seen young people become millionaires just by carefully saving monthly for few years, while others who claim they wanted to invest ended up doing nothing.




Investment plans of 6years, and 9 years for young working-class people, newly wedded, and young mothers who are planning their children education should be critically considered.

Most of these investments plans actually come with a form of protection should in case the breadwinner of the family dies. This is why I recommend Insurance Company for your savings. In case you need more details, please contact me.

Have a Single Bank accounts and Multiple Investment accounts

Having a single bank account with multiple investment plans is one of the simple ways to save money and accumulate wealth for your family. Bank accounts expose you to spend more money, while investment plans encourage you to save up for a project.

A client of mine is a Bank Manager, he saves up money every 3 years just to get another piece of landed property – he doesn’t achieve all that with his bank. He patronizes several investment plans that our insurance firm has to offer because he knows exactly what he wants to achieve.

Draw Clear Goals

Having a clear goal of your financial future would help you make plans towards it. As at 2011, I already agreed that if I save 20k for 6 years, I would be a millionaire and invest in my dream business.

What I achieve in 6 years, someone else can achieve in just 3 years. I had smaller financial power, so I made my calculations based on what I could afford.

What are your financial goals, and how can savings help you achieve that? I survived the MMM scare because I had something I fell back to when the cards came crashing.

What is your Budget for the Month?

Working with a budget might be what you need to actually make your dreams come to pass. Back then I earned 50k monthly in Lagos, and I realized I had to force myself save 20k monthly (You can also do likewise, just speak to me.) It wasn’t easy, but I pulled through for 6 years. Even after I had a massive pay raise, I left the other as a residual income. It wasn’t much as compared to your imaginations, but others who had worked for the same 6years with such salary like me never had a million naira in their account after 6 years.

I currently have several assets and mind-blowing acct balances, but my spending will always remain frugal because I am just following the steps of Warren Buffet.

Just before you exit the post, always remember the tactics of the rich “Pay Yourself First before Spending”

In case you have questions concerning investment plans for your Children’s Education, Personal Savings and all, please reach out to me using the comment section or copy my number from the author’s section.

Remember to subscribe, and don’t forget to buy me a beer as appreciation.

source: http://topwritersden.com/ways-to-save-money-and-grow-rich/

"I rather invest than save!" Please, this cliche is quite dangerous.

Even countries have reserves to sustain them when the going becomes tough, talk less of we as individuals.

You should either invest and save at the same time. Peace.

lalasiclala good evening.

to save nor easy o. na God sha

Saving isn't easy when prices of items go up but salary remains the same.

kunlesufyan:
Saving isn't easy when prices of items go up but salary remains the same.

But spending the money is kinda easy... Lol

Then after working for 3 years, you start looking around for what you've achieved. Lol

gloria34:
to save nor easy o. na God sha

Heap... Reason there is something called financial discipline. God will always help.

Lalasticlala leave bbnaija na...

This is the type of post we want on fp, not all these... why is this post not yet on frontpage?

lalasticlala comman see snake
mynd44 come and do the needful , dominique!!!

What if your salary is just 10k

Dillusionist:
What if your salary is just 10k

save 3k

BiafranBushBoy:
I was about to finish my speech on best ways to save money and grow rich at a seminar I was invited for at a church in Lagos before a woman burst into tears. There was a little bit of commotion for a while, as people gathered to actually know what happened.

I paused for a while, while the ushers of the church rushed to console the woman who was already wailing uncontrollably. She requested she speak to me after the meeting, and I obliged. What really happened to her?

It was the story of how she has worked for 19 years, but with actually nothing to show for it (I actually made her see such), and she really felt it during my speech.

This post isn’t going to teach you how to save money; I am interested in showing you simple ways to save money and create protection around the money you are saving.

There is a negative cliché meant for wasters who have no intention to save money for the future, and they give an excuse for I rather invest than save



They fail to understand that the best investors are the best savers. If you doubt me, why do countries have foreign reserves?

I will show you the simple ways to save money and grow rich while you are still in your prime. I learnt the hard way, and I don’t want any of my readers to make the same mistake. That is the reason you should subscribe to my blog after reading.

What are the Best ways to save money to Become Rich?

1) Realize the need to save money and become rich

If you think that nobody can save money and grow rich, then you haven’t heard about Warren Buffet. He is considered a “Savings Billionaire”. As a financial advisor for my clients, I tell them that you can’t plunge into the muddy waters of investments without having backup savings plans. There are thousands of ways to save money, but there are few ways to save money and become rich.

If you think that saving money is just for poor people, calculate how much time you’ve been a working class person, then you check how much is currently in your account balance. Do the numbers tally?

If No, so who is really the poor person?

A lot of people forget the first rule of business, which is “Pay Yourself First”.

Majority of people spend before saving, which is actually a dangerous path to thread. It should be exactly the opposite. I will be explaining these in details in the next post.



Avoid the Banks

Did you hear that right? This is one of the simple ways to save money and grow rich. The banks offer you just

- Transaction
- And the Speculative function of money, leaving out the most important part of savings, which is precautionary.

Banks offer you just a token sum of 3.1% to save money (in a savings account untouched) while making monthly deductions that cancels out everything. You can deposit a certain amount in the morning, and withdraw all the same day in the evening. What is now the essence of saving?

The mistake working class people and business people make is trying to believe the banks love them, and this mentality should disappear after reading this post.

Lookout for forced longer-term investment plans

I pitched to a friend (see types of friends to avoid the need to start saving to grow rich in 2011, he complained about the length of time he has to keep his money (We had a plan of 6 years) and he declined the offer. He has worked for seven years with an account balance of just 250k, and maybe you should help calculate how much I saved up within such period (I already used my proceeds on an asset with other cash back to my savings).

I work in a financial house, and I have seen young people become millionaires just by carefully saving monthly for few years, while others who claim they wanted to invest ended up doing nothing.




Investment plans of 6years, and 9 years for young working-class people, newly wedded, and young mothers who are planning their children education should be critically considered.

Most of these investments plans actually come with a form of protection should in case the breadwinner of the family dies. This is why I recommend Insurance Company for your savings. In case you need more details, please contact me.

Have a Single Bank accounts and Multiple Investment accounts

Having a single bank account with multiple investment plans is one of the simple ways to save money and accumulate wealth for your family. Bank accounts expose you to spend more money, while investment plans encourage you to save up for a project.

A client of mine is a Bank Manager, he saves up money every 3 years just to get another piece of landed property – he doesn’t achieve all that with his bank. He patronizes several investment plans that our insurance firm has to offer because he knows exactly what he wants to achieve.

Draw Clear Goals

Having a clear goal of your financial future would help you make plans towards it. As at 2011, I already agreed that if I save 20k for 6 years, I would be a millionaire and invest in my dream business.

What I achieve in 6 years, someone else can achieve in just 3 years. I had smaller financial power, so I made my calculations based on what I could afford.

What are your financial goals, and how can savings help you achieve that? I survived the MMM scare because I had something I fell back to when the cards came crashing.

What is your Budget for the Month?

Working with a budget might be what you need to actually make your dreams come to pass. Back then I earned 50k monthly in Lagos, and I realized I had to force myself save 20k monthly (You can also do likewise, just speak to me.) It wasn’t easy, but I pulled through for 6 years. Even after I had a massive pay raise, I left the other as a residual income. It wasn’t much as compared to your imaginations, but others who had worked for the same 6years with such salary like me never had a million naira in their account after 6 years.

I currently have several assets and mind-blowing acct balances, but my spending will always remain frugal because I am just following the steps of Warren Buffet.

Just before you exit the post, always remember the tactics of the rich “Pay Yourself First before Spending”

In case you have questions concerning investment plans for your Children’s Education, Personal Savings and all, please reach out to me using the comment section or copy my number from the author’s section.

Remember to subscribe, and don’t forget to buy me a beer as appreciation.

source: http://topwritersden.com/ways-to-save-money-and-grow-rich/

how can I be able to save with just one bank account,. ? Ah think I should have Two. one for paying my self first which I shouldn't have easy access(no debit cards, no cheque books no mobile apps) to and the other for spending.

to save no easy oooo

Sure way to riches...savings

Invest and grow rich. Yes. Agreed

To save on a long term needs a high level of discipline

Op you made valid points,but I don't agree with all of your assertions.

Here are my points.

(1) DON'T SAVE ,INVEST:[/b]The cliché save what is left after investing, don't invest what is left after saving.

If you save ,your money may lose its value with time due to inflation, but good investments appreciate in value with time unlike money.

[b](2) DIVIDE YOUR BUDGET INTO RECURRENT EXPENDITURES AND CAPITAL EXPENDITURES:.

If you are single make sure your capital expenditures is at least 60% of your monthly income,and invest it.

Reduce your recurrent expenditures as much as you can, let it be for essentials like house rent,feeding, health etc.

(3)INVEST IN ASSETS AND AVOID LIABILITIES:Do you really need another phone? Another or a new car?Do you need that expensive girlfriend?

Invest on things that does not depreciate in value over time, but rather appreciate.

(4) LIVE BELOW YOUR MEANS:Don't live within your means, otherwise you won't grow.

Do need to live in highbrow areas? Why can't you save the rent money and build your own apartment?

A person that has a house in 'lowbrow' area is better than a tenant in VGC,lekki or Asokoro.

(5) DIVERSITY YOUR INVESTMENT:[/b]Heard of concentration or sectoral risk? For instance it's risky to have all your investments on real estates and in one location say Lagos.

What if something happens to Lagos or real estate? Diversify to for example treasury bills and Bonds.

([b]6) HAVE AN EMERGENCY INVESTMENT/FUND: Investments like real estate is not near money, for example, if you have an emergency, it is almost impossible to find a buyer for a land or house.

Have emergency fix deposits or short tenure treasury bills you can easily liquidate if you have emergency.

YOU CAN NOT BE RICH UNTIL YOU START MAKING MONEY WHILE SLEEPING.

THE LAND OF THE RISING SUN MUST SET FORTH AT DAWN

gloria34:
to save nor easy o. na God sha

as in e hard like mad....d tin d tire me

U can't save wen u ar dating a slay queen,wen u ar living a fake life or wen ur propensity to consume is higher dan ur propensity to save(anyone that act like dis loves poverty)

BiafranBushBoy:
I was about to finish my speech on best ways to save money and grow rich at a seminar I was invited for at a church in Lagos before a woman burst into tears. There was a little bit of commotion for a while, as people gathered to actually know what happened.

I paused for a while, while the ushers of the church rushed to console the woman who was already wailing uncontrollably. She requested she speak to me after the meeting, and I obliged. What really happened to her?

It was the story of how she has worked for 19 years, but with actually nothing to show for it (I actually made her see such), and she really felt it during my speech.

This post isn’t going to teach you how to save money; I am interested in showing you simple ways to save money and create protection around the money you are saving.

There is a negative cliché meant for wasters who have no intention to save money for the future, and they give an excuse for I rather invest than save



They fail to understand that the best investors are the best savers. If you doubt me, why do countries have foreign reserves?

I will show you the simple ways to save money and grow rich while you are still in your prime. I learnt the hard way, and I don’t want any of my readers to make the same mistake. That is the reason you should subscribe to my blog after reading.

What are the Best ways to save money to Become Rich?

1) Realize the need to save money and become rich

If you think that nobody can save money and grow rich, then you haven’t heard about Warren Buffet. He is considered a “Savings Billionaire”. As a financial advisor for my clients, I tell them that you can’t plunge into the muddy waters of investments without having backup savings plans. There are thousands of ways to save money, but there are few ways to save money and become rich.

If you think that saving money is just for poor people, calculate how much time you’ve been a working class person, then you check how much is currently in your account balance. Do the numbers tally?

If No, so who is really the poor person?

A lot of people forget the first rule of business, which is “Pay Yourself First”.

Majority of people spend before saving, which is actually a dangerous path to thread. It should be exactly the opposite. I will be explaining these in details in the next post.



Avoid the Banks

Did you hear that right? This is one of the simple ways to save money and grow rich. The banks offer you just

- Transaction
- And the Speculative function of money, leaving out the most important part of savings, which is precautionary.

Banks offer you just a token sum of 3.1% to save money (in a savings account untouched) while making monthly deductions that cancels out everything. You can deposit a certain amount in the morning, and withdraw all the same day in the evening. What is now the essence of saving?

The mistake working class people and business people make is trying to believe the banks love them, and this mentality should disappear after reading this post.

Lookout for forced longer-term investment plans

I pitched to a friend (see types of friends to avoid the need to start saving to grow rich in 2011, he complained about the length of time he has to keep his money (We had a plan of 6 years) and he declined the offer. He has worked for seven years with an account balance of just 250k, and maybe you should help calculate how much I saved up within such period (I already used my proceeds on an asset with other cash back to my savings).

I work in a financial house, and I have seen young people become millionaires just by carefully saving monthly for few years, while others who claim they wanted to invest ended up doing nothing.




Investment plans of 6years, and 9 years for young working-class people, newly wedded, and young mothers who are planning their children education should be critically considered.

Most of these investments plans actually come with a form of protection should in case the breadwinner of the family dies. This is why I recommend Insurance Company for your savings. In case you need more details, please contact me.

Have a Single Bank accounts and Multiple Investment accounts

Having a single bank account with multiple investment plans is one of the simple ways to save money and accumulate wealth for your family. Bank accounts expose you to spend more money, while investment plans encourage you to save up for a project.

A client of mine is a Bank Manager, he saves up money every 3 years just to get another piece of landed property – he doesn’t achieve all that with his bank. He patronizes several investment plans that our insurance firm has to offer because he knows exactly what he wants to achieve.

Draw Clear Goals

Having a clear goal of your financial future would help you make plans towards it. As at 2011, I already agreed that if I save 20k for 6 years, I would be a millionaire and invest in my dream business.

What I achieve in 6 years, someone else can achieve in just 3 years. I had smaller financial power, so I made my calculations based on what I could afford.

What are your financial goals, and how can savings help you achieve that? I survived the MMM scare because I had something I fell back to when the cards came crashing.

What is your Budget for the Month?

Working with a budget might be what you need to actually make your dreams come to pass. Back then I earned 50k monthly in Lagos, and I realized I had to force myself save 20k monthly (You can also do likewise, just speak to me.) It wasn’t easy, but I pulled through for 6 years. Even after I had a massive pay raise, I left the other as a residual income. It wasn’t much as compared to your imaginations, but others who had worked for the same 6years with such salary like me never had a million naira in their account after 6 years.

I currently have several assets and mind-blowing acct balances, but my spending will always remain frugal because I am just following the steps of Warren Buffet.

Just before you exit the post, always remember the tactics of the rich “Pay Yourself First before Spending”

In case you have questions concerning investment plans for your Children’s Education, Personal Savings and all, please reach out to me using the comment section or copy my number from the author’s section.

Remember to subscribe, and don’t forget to buy me a beer as appreciation.

source: http://topwritersden.com/ways-to-save-money-and-grow-rich/

Bush boy, how much you get for akkant? All this guys sef when dem don get 100k for akkant dem go let person rest

I applaud your post because you made very salient points.

However, I have reservations about your view of the banks. There is no investment without savings and the bank helps you do that. They even provide a relatively risk free investment option hence the low return rate. Banks are not charity organizations and would definitely collect charges. I am sure you also collect charges too.

DUDE, THE ONLY WAY YOU CAN SAVE MONEY IS THAT YOU ARE MAKING MORE MONEY THAN YOU ARE SPENIDNG, MOREOVER SAVINGS DOESN'T MAKE YOU RICH.

Invest don't save, you lose money when you save

very insightful

BiafranBushBoy:
"I rather invest than save!" Please, this cliche is quite dangerous.

Even countries have reserves to sustain them when the going becomes tough, talk less of we as individuals.

You should either invest and save at the same time. Peace.

lalasiclala good evening.

Thank you Jare, worst is to save to invest.

informative
thanks OP

if only I had a saving culture I'd probably have about 10 mill in the bank,I spend like a fööl,and give out money at will.

You want to be rich?

Either get a very high paying job or start a business. Very few people can successfully save up while living in poor conditions and i don't advise it either. Life is about balance.

So with the little money you have i would say look for either a skill or an idea that is unique, and use that to start a business of your own.

BiafranBushBoy:
I was about to finish my speech on best ways to save money and grow rich at a seminar I was invited for at a church in Lagos before a woman burst into tears. There was a little bit of commotion for a while, as people gathered to actually know what happened.

I paused for a while, while the ushers of the church rushed to console the woman who was already wailing uncontrollably. She requested she speak to me after the meeting, and I obliged. What really happened to her?

It was the story of how she has worked for 19 years, but with actually nothing to show for it (I actually made her see such), and she really felt it during my speech.

This post isn’t going to teach you how to save money; I am interested in showing you simple ways to save money and create protection around the money you are saving.

There is a negative cliché meant for wasters who have no intention to save money for the future, and they give an excuse for I rather invest than save



They fail to understand that the best investors are the best savers. If you doubt me, why do countries have foreign reserves?

I will show you the simple ways to save money and grow rich while you are still in your prime. I learnt the hard way, and I don’t want any of my readers to make the same mistake. That is the reason you should subscribe to my blog after reading.

What are the Best ways to save money to Become Rich?

1) Realize the need to save money and become rich

If you think that nobody can save money and grow rich, then you haven’t heard about Warren Buffet. He is considered a “Savings Billionaire”. As a financial advisor for my clients, I tell them that you can’t plunge into the muddy waters of investments without having backup savings plans. There are thousands of ways to save money, but there are few ways to save money and become rich.

If you think that saving money is just for poor people, calculate how much time you’ve been a working class person, then you check how much is currently in your account balance. Do the numbers tally?

If No, so who is really the poor person?

A lot of people forget the first rule of business, which is “Pay Yourself First”.

Majority of people spend before saving, which is actually a dangerous path to thread. It should be exactly the opposite. I will be explaining these in details in the next post.



Avoid the Banks

Did you hear that right? This is one of the simple ways to save money and grow rich. The banks offer you just

- Transaction
- And the Speculative function of money, leaving out the most important part of savings, which is precautionary.

Banks offer you just a token sum of 3.1% to save money (in a savings account untouched) while making monthly deductions that cancels out everything. You can deposit a certain amount in the morning, and withdraw all the same day in the evening. What is now the essence of saving?

The mistake working class people and business people make is trying to believe the banks love them, and this mentality should disappear after reading this post.

Lookout for forced longer-term investment plans

I pitched to a friend (see types of friends to avoid the need to start saving to grow rich in 2011, he complained about the length of time he has to keep his money (We had a plan of 6 years) and he declined the offer. He has worked for seven years with an account balance of just 250k, and maybe you should help calculate how much I saved up within such period (I already used my proceeds on an asset with other cash back to my savings).

I work in a financial house, and I have seen young people become millionaires just by carefully saving monthly for few years, while others who claim they wanted to invest ended up doing nothing.




Investment plans of 6years, and 9 years for young working-class people, newly wedded, and young mothers who are planning their children education should be critically considered.

Most of these investments plans actually come with a form of protection should in case the breadwinner of the family dies. This is why I recommend Insurance Company for your savings. In case you need more details, please contact me.

Have a Single Bank accounts and Multiple Investment accounts

Having a single bank account with multiple investment plans is one of the simple ways to save money and accumulate wealth for your family. Bank accounts expose you to spend more money, while investment plans encourage you to save up for a project.

A client of mine is a Bank Manager, he saves up money every 3 years just to get another piece of landed property – he doesn’t achieve all that with his bank. He patronizes several investment plans that our insurance firm has to offer because he knows exactly what he wants to achieve.

Draw Clear Goals

Having a clear goal of your financial future would help you make plans towards it. As at 2011, I already agreed that if I save 20k for 6 years, I would be a millionaire and invest in my dream business.

What I achieve in 6 years, someone else can achieve in just 3 years. I had smaller financial power, so I made my calculations based on what I could afford.

What are your financial goals, and how can savings help you achieve that? I survived the MMM scare because I had something I fell back to when the cards came crashing.

What is your Budget for the Month?

Working with a budget might be what you need to actually make your dreams come to pass. Back then I earned 50k monthly in Lagos, and I realized I had to force myself save 20k monthly (You can also do likewise, just speak to me.) It wasn’t easy, but I pulled through for 6 years. Even after I had a massive pay raise, I left the other as a residual income. It wasn’t much as compared to your imaginations, but others who had worked for the same 6years with such salary like me never had a million naira in their account after 6 years.

I currently have several assets and mind-blowing acct balances, but my spending will always remain frugal because I am just following the steps of Warren Buffet.

Just before you exit the post, always remember the tactics of the rich “Pay Yourself First before Spending”

In case you have questions concerning investment plans for your Children’s Education, Personal Savings and all, please reach out to me using the comment section or copy my number from the author’s section.

Remember to subscribe, and don’t forget to buy me a beer as appreciation.

source: http://topwritersden.com/ways-to-save-money-and-grow-rich/

Aside banks, where else could the money be saved?

yungpowers:

Aside banks, where else could the money be saved?

So many other places... Insurance savings investment schemes tops the list

gloria34:
to save nor easy o. na God sha

Hard pass Olumo rock.
It's not easy at all

-------
Actually this is one of the posts i have taken my time to read this morning but OP's did not give any specifics

Don't Bannks have investment plans or options one can key into?

Things like fixed deposits what purposes do they serve?

Which Insurance companies and plans are out there for one to key into OP's?

Can you provide specifics Biko.........

*Pay less attention to Tv programs like bbnaija
*Always engage your brain even when sleeping, think
*No what you need, pay attention to it
*Be yourself, don't begin to form Dangote when you have only 200k bal.