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Posted on Nov 22, 2018 at 01:16 PM
Let's get this figured out as soon as possible, so that you can start building your way to wealth! We know a smart way you can make more money!
This topic somewhat seem to be ageless and in most cases unanswered, however, in this article we are going to be taking a long hard thought, then we would go on to analyse which should be the boss, and how to become your own boss!
Without having to use the dictionary let’s simply define both terms in the Nigerian scenario:
Savings is the extra cash, you keep asides in anticipation of future spending either emergency or proposed projects (House rent, Owambe, school fees, Christmas, car E.T.C).
This days we now have mordern day piggybanks of all sorts and various techniques of stashing our extra cash with little or no return in a long run.
Meanwhile Investment is the act of putting your excess cash to work in order to make profit over a period of time.
Now beyond the surface, here is how wallstreetmojo analyized the difference between savings and investments
Having studied this highlight, we can tell just one thing that the key to actually building wealth is putting what you can into investments.
Now here’s the big question: which of them is your boss, savings or investment?
If you have been holding on solely to saving up, it’s time to dive into investments. It’s time to maximize your savings and put them to good use.
Here’s really important stuff on how you how to start investing while still maintaining your savings.
Investment 101: Getting started!
What are your investment options: Don’t put your money into just anything, the first step you need to take as an investor is to figure out and personalize your own investment plan as it suits your budget.
To do this you need to consider,
Have your plan figured out and as soon as your plan is ready don’t wait, start building your way to wealth!
We know a smart way you can make more money! Let's guide you into The Forex Business.
Here is a Tip: Trading the forex market is one of the smartest and the most profitable way to put your spare cash to use and earn extra consistently.
Just like every other business, Forex includes buying and selling, but in this case you buy and sell currencies to make profits everyday.
Now here is how to begin the forex trade:
Get trained to trade like a pro: As a Nigerian trying to trade Forex, the last thing you want to do is lose money, the economy is hard enough. So if you are looking to trade Forex profitable, the first thing you want to do is learn how to trade and how to optimize your profits into consistent earnings.
In the Forex Profit academy, you will learn the basics from the scratch, from how to trade to setting up your first demo account and how to analyse the market for a buy or sell decision every time you step into the market!
This academy will guide you through the learning phases at little or no cost and put you in the mentoring program with successful forex analysts, who will guide you until you start trading profitably.
On a final note, Trading Forex is for profit, so if you are trading and you aren’t making money is time to up your trading skill.
Leave a comment and let’s figure out how to help you make profits now!