USING FIXED DEPOSITS TO SAVE MONEY
I love to save money.
Savings soon became my biggest strategy for transitioning from paid employment into entrepreneurship.
I saved enough to remove the fear of resigning to start my business.
In my many years of saving money, I love to save using fixed deposits.
So I would always ask my bankers for their Fixed deposit rates.
Today, I asked my banker and she sent these rates.
I know all the financial gurus will jump out now and say that inflation rate is higher than these rates so saving money is rubbish for them.
Nwannem, I don’t argue with them.
Na dem sabi.
I just advice people to make sure that whatever it is you are doing with money is yielding higher rates than these.
If not, kuku give them the money and go and sleep.
If you cannot generate 18% in a year with your 50million, kuku give bank to do the work for you.
I don’t have power to argue about inflation rate with the gurus.
I have begged them to teach us and not argue with us about our investment choices. Dem no gree.
