Welcome to part 2 of basic money principles I started in my last post on this category

Saving is a very good way to get to the top of your finances. As a student, it is not wise to consume all the money given to you by your parents. As a young man and woman who desires to be rich later in life, you must accept and practice this law. It is mandatory for you to save at least 20% of your income i.e. the money that comes into your pocket from various sources. Saving makes you ready for business opportunities. Take for instance, if I approach you today that there is a ‘sure profit’ business opportunity in town. You may not be able to participate in this opportunity because you don’t have enough money to finance it. It met you unprepared. But assume you have some money is savings, you will immediately stand to embrace the opportunities. Let me inform you that rich people values preparation, they are people who identifies and embrace opportunities. If you want to join the class of the rich, then, you must be a great saver. If you don’t have a personal bank account yet, I’ll advice you to drop this life inspiring article and go open one immediately.

Take for instance, If your monthly income is 20,000 naira, then saving 4,000 naira will be a great start for you.