Post
Topic
Board Politics and society (Naija)
Re: Importance of saving from your salary.
by
Abdulzuruku01
on 15/07/2025, 20:17:01 UTC
I notice that some of our youths in d country don't no how important it is for someone to save from his or her salary to grow financially in d future. Wen u save from your salary, it give u opportunity to plan your life well by looking for potential investments to invest your money to have something to fall back to wen u lose d job. There are some youths in this our naija local board, that used their savings to buy cryptocurrency and they are doing well both in cryptocurrency and other business in d country, because dey have d knowledge of cryptocurrency to take advantage of their salary.

I brought this topic to encourage newbies and some old members that are working in some companies, to take advantage of their salaries to invest in cryptocurrency and other assets that are profitable.

This is a good idea, but given the country's inflation rate, some people's salaries barely cover their basic needs, and some don't even reach 80k or 100k. Before these people accumulate their savings in a year to invest in cryptocurrency will be extremely challenging for them. Instead, they should do traditional savings, where they contribute, and one person takes the total amount, or two or more of them divide the total amount among themselves, which can be used to pay emergency funds or invest in other things, but not necessarily in cryptocurrency because it's not a good idea to invest in cryptocurrency if you're having trouble paying for basic needs.