The last few months in Nigeria have dealt bad blows on so many people from health emergencies, to loss of jobs and the list goes on. Unfortunately, things don’t seem to be getting better as inflation rates are skyrocketing and the price of basic commodities keep rising. Before COVID-19, Nigeria’s unemployment rate was already sky high at 23.1% while underemployment stood at 16%, according to a 2018 report by the National Bureau of Statistics (NBS). Sadly, most employed Nigerians are underpaid with endless bills mounting up month after month. In May 2019, the Minister of Labour and Employment, Chris Ngige, said that the federal government forecasted an unemployment rate of 33.5% by 2020. With all this information at hand we should all be on our toes looking for a way to gain financial freedom without waiting for a paycheck at the end of every month, which is why I want to talk to you about cultivating a healthy investment culture. Here are a few things you need to know about investments.
First, an investment is an asset or item acquired with the goal of generating income or appreciation. An Investment can be a very good source of income if done properly. However, if not properly done a rich man can become poor in the twinkle of an eye.
Second, there are several types of investments like stocks, bonds, crypto currency, commodity, agriculture and real estate. Stocks and bonds could be a good source of income when the economy is booming but the rate of returns is quite low compared to other forms of investment. Also, in the event that the economy faces a downtime, your millions can be reduced to peanuts due to inflation and currency devaluation. Crypto currency is also a good place to invest your money but the market is very volatile and unstable. In addition, government regulations could affect the way forex booms in a country.
A wise man once said that “as long as a man remains on earth he will always have need for food and shelter.” I quite agree with him because no matter how bad the economy gets, a man must eat and find a place to rest his head at the end of the day. However, these forms of investment need huge capital which is why you need to partner with someone who has the capital and the technical knowhow. CassavaCash, an agribusiness company is the perfect platform for you because we accommodate all income level earners, it is safe and sustainable for it is an investment in agricultural produce. CassavaCash is insured and has a high ROI ranging from 10% in 6 weeks to, 20% in 3 months and 80% in one year.
Here is how to get started:
- Set a budget
- Choose your preferred investment plan
- Invest and watch your investments grow.
No matter how small your income is, you need to cultivate a healthy and steady investment culture because the economy is not stable and no one knows what tomorrow may bring. However, having a steady means of income guarantees your financial security. You’ll always have funds to fall back on in case of any eventualities and you also have a chance to plan your future outside your salary. Cassava Commands Cash. Invest Today. Visit www.cassavacash.com/member/login to get started.
Last updated 6 months ago