start saving money daily, weekly and monthly (Here's why)

At the beginning of 2019, I wrote a post advising members of my Facebook community to start saving money daily, weekly and monthly.

I recommended PiggyVest at that time because of the ease of saving money with their platform.

A lot of people took that savings goal seriously.

Some decided to use their own bank account to save while some used piggybank.

I promised to recommend where to invest the money if they reach their savings goal.

Some were saving 5k weekly, some 10k daily and some 1k daily.

By the end of 2019, the ones that were saving 10k daily had millions of Naira in their bank account.

If you often go out with friends or like chopping life, you will agree with me that 10k is too small to give yourself a good treat.

But at the same time, when you save that 10k for 365 days, that will give you N3,650,000 plus the interest (if you are using a savings app like PiggyVest). Of course, that doesn’t stop you from chopping life.

By January 2020, two of the guys that took my advice seriously reached out for the sure-fire investment idea I said I was going to recommend to them.

What guaranteed investment option would I rather recommend if not REAL ESTATE?

I took them to one of the real estate firms I’m affiliated to and they secured a plot of land each in Epe and Ibeju-Lekki.

As I write this now, the value of those properties they secured has tripled.

While some people believe that lands in Lagos are overpriced, my advise to anyone that cares to listen is that you should take advantage of it.

Before you start investing, learn to save.

Savings skills can be learned. To build wealth, you must have to learn how to save.

You don’t save because you have money in excess. You save so that you can get enough money to scale things.

Spending skills are not learned. We were all born with it.

2022 is still fresh. Yes, it is.

If you desire to own a property in 2022, start saving for it now.

I should have made this post in January but it’s not yet late. You can start now.

In case your business or job is not earning you a decent income yet, start by saving to re-invest in your personal development and your business. Thereafter, start saving for the properties you’d like to acquire.

I wasn’t lucky to get this kind of advice from anyone, so I wasted a lot of money on frivolous things before I finally learned my lessons.

Don’t wait to blow up your first one or 10 million before you do the right thing.

Start now, start early.

- Emenike E.

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