We cannot overemphasize the importance of savings to wealth generation.
If you don’t have savings, how will you take advantage of investment opportunities?
Seyi Ojo on his WhatsApp status pointed out the opportunity investors who bought MTN shares that were listed on NSE in May 2019 at N90 got. The current price now? N131! This implies N41 profit per unit share in less than 4 months!
Do the calculation, if you had bought 20,000 units, that would have been N820,000 profit andin 4 months.
But how much would you have bought the 20,000 units? N90 x 20,000 units =N1,800,000. 1.8 million naira. If you didn’t have savings, how would you have taken that advantage?
It is not yet late, opportunities abound daily. Just ensure you save minimum 10% of any income you earn. Keep building your wealth nest, little by little, it will grow bigger till you can take advantage of more opportunities.
Don’t be hasty to invest your savings, avoid bogus interest rates, protect your seed. Think Mutual Funds, think treasury bills, think stocks for long term. Seek out a Finance Consultant for more advice.
Toast to your success, excellence and winning!
Tosin Teaches 