08/11/2017
A couple of years ago, I received some awards that were equivalent to about NGN500,000. I was extremely excited and felt on top of the world. Why wouldn't I? I was just a recent university graduate who was hoping for the best as I planned to embark on my NYSC journey. My parents - being typical Nigerian parents, stopped giving me pocket money knowing fully well than I had close to 500k sitting pretty in my account. And as if that was not enough, I was given the liberty to use the money as I pleased. Ahhh! A 19 year old girl with so much money???Well, like an average 19 year old who has zero knowledge about investments, I went ahead and did justice to the money. Spent half of it in less than two months on things I can't even remember now. And the other half? Don't even ask me.
Several years after - today - I look back and I wish I had the knowledge to invest aggressively and build that NGN500,000 into NGN1,000,000 or even more. Who knows? Maybe that's where my passion for personal finance originated. If I was given that same amount of money again, I can guarantee that I will invest it in financial instruments that can double it within a certain period of time while providing me with stable returns. Using mutual funds, equity investments and viable financial instruments, I will grow that money into an amount that generations coming after me can benefit from. And that is what I am currently doing with as little as NGN10,000.
Anyways, that 19 year old girl doesn't have to be you. Every penny you receive can be maximized and used to help you build long term wealth. If you think investing is not for you, then think again - because you are eating your future today when you refuse to create investments for yourself.
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