“Better a little caution than a great regret.” …ancient saying.
Nothing describes the way we’re to deal with the global financial situation better than the saying above. We live in times of financial uncertainty; if in doubt ask any financial wizard or expert. No one’s certain of anything anymore. In order to save yourself from the rat race, the best thing to do is to save money so that money can save you.
The ancient walls of Babylon were an outstanding example of man’s need and desire for protection. Behind the impregnable walls of insurance, savings accounts and dependable investments, we guard ourselves against the unexpected tragedies that may enter any door. We cannot afford to be without adequate protection. And what better protection can we have than money.
Look at the current economic realities we're facing in our nation; can you truly say that you have saved too much money? Do you think you fixed all of your financial problems and you have too much money right now? As far as money is concerned, nobody can have too much of it.
This post is basically for those who want to start building wealth for themselves. Who should start saving and building wealth for themselves? The gainfully employed, the self-employed, the businessman/woman, the entrepreneur, the young and the restless who think they are young and still have all the time in the world ahead of them.
If you think you have time ahead of you, you’re just procrastinating and that unfortunately is a habit of needless delaying where action was required. Delay in starting your savings plan now can only ensure that you reap your fruits late. What many don’t realize now is unless you’re a Rockefeller, a Trump or a Dangote, you will need extra money and it is better you build this cache of money over a period of time yourself than thinking someone would come to your rescue in time of need. I’m sorry that may not happen…
What kind of savings am I proposing? It’s not the regular savings account type but one which has investment and insurance benefits all weaved into a savings/investment account. What benefits are we talking about here?
- · It encourages compulsory savings culture.
- · It guarantees regular income by way of compelling investors to save for rainy days as against most investment portfolios that can be accessed at will.
- · It can provide financial security as it is designed to make your fund grow as you do not make frequent withdrawal like the regular bank account.
- · The policy is flexible as there is chance for partial withdrawal after a period of time.
- · The policy can be used for building a pool of money for future purposes such as financing a business, buying property or financing children’s education.
Let me wrap it things up with another ancient saying, “Wealth like a tree grows from a tiny seed, the sooner you plant the seed and the sooner the tree shall grow.”
My name is Ogungbemi Olumide, my number is 07033588160 and I’m an Insurance marketer with Standard Alliance Life Assurance Limited, 7b, Kofo Abayomi street, Apapa, Lagos.
