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This is a must read if you plan to save this year.


A hear a lot of people say that they have started to save for the year, while this is a good way to start the year,

A lot of people end at just planning to save, they don’t plan to invest and that’s a wrong financial move.

Saving without investing will do little difference to your financial life.

The day I questioned the fate of my future was the day I calculated 20k monthly savings times 20 years. The figure was N4.8million 😭

I almost cried at that revelation, first the money was small, secondly I wasn’t even having 20k to save monthly. That time, I could only afford 10k savings in a month.

That means I might not achieve all the  dreams I have, these were my thoughts because as at then, I haven’t learnt anything about investing.

I do hear about investment but I thought investing was only meant for rich people. Poor me πŸ˜‚

When I realized the opportunities that lies in investing,  I saw that with my small 10k or 20k, I could become a Billionaire in that same 20 years time with the power of compound interest.

Thank God for Knowlegde. No wonder God said that “My people perish for lack of knowledge 🀣)

Now here is a quick calculation I think you need to see on saving for 2 years and saving and investing for same 2 years 😊

I don’t want to go too far by using 5 or 10 years, if you want to know, you should do the calculations yourself and see the difference.

(Example 1)
Let’s assume you have started saving 20k out of your salary/income  this January, without investing it, by the next 24 months time (2years) you would have saved N480, 000.

(Example 2)
if you saved maybe 100k monthly for 2 years, by the end of the 2 years  period, you would be having 2.4 million naira.

I’m sure only few people are able to save 100k monthly sef, if you are in such category, I’m happy for you. If you don’t have upto that to save, it doesn’t matter too. As long as you save something, you too will arrive there.

SAVING AND INVESTING FOR 2 Years (The big fish πŸ˜‚)

(Example 1)
Now let’s say  you have plans for investing your savings as soon as it gets to a certain amount.

Then you saved 20k for 5 months, making it 100k and you invest it in an investment company that pays maybe 60% annual interest rate

And every month you keep adding 20k to the existing investment,

By the end of the 24th month, you would be having a total of N853, 800. Your total deposit was N480k and you earned interest of N373, 800.

Can you see the difference between just saving and saving to invest?

(Example 2)
Let’s you save 100k monthly like the example above but in this case, you save and invest. Instead of having 2.4 million after 2 years, you would be having 4.134million naira.

The difference is clear.

I just used two years for example, if you begin to calculate the differences in 5 – 10 years, you would be amazed.

So if you have started saving for the year, a big congratulations to you  but I beg you, don’t stop there.

One rule of investment I must share with you “Don’t put all your eggs in one basket”
So if you have 20k to save out of your income monthly, you can divide it into two parts and  invest in different investment vehicles. If the two investments options have same ROI, you would still be having the same amount at the end of the year with the example above.

If the different  investment plans have different ROI, Your figures might be higher or lower at the end of the period.

But whatever be the case, INVEST.

Don’t just save, take a step further to invest it. There are so many investment options, a visit to Google will help you with a list of some of these options.

Alternatively, Zari investment club can come to your rescue. πŸ˜…

Our investment window is opened currently

In all, be wise with your money.

I hope this helps ☺️

So tell us, are you saving to a save or saving to invest?

8 thoughts on “This is a must read if you plan to save this year.”

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