Are you a young person in Edo State who spends more money on leaf rice and Owo Soup than on investments? Don’t worry, we’re not here to judge. In fact, we’re here to help! In this blog post, we’ll show you five investments that even the biggest Owo Soup lover can make to secure their financial future.
So, put down the bowl of soup and pay attention because we’re about to turn you into a savvy investor like “Oga Sabinus” Get ready to spice up your financial life with these five investments in Edo State!
Investments to Make as a Young Person in Edo State
Invest in Improving Yourself
The first place to invest is in yourself. In this current world where everyone is a university graduate with several certifications on the side, self-improvement is paramount to your survival. Do not be too interested in just the certificates, but have a genuine hunger for the things you are learning. Yes, Side Hustle, Udemy, and Coursera are great but what is greater is the knowledge and value you get.
Invest in Relationships
Relationship is one thing that many young people take for granted. We are often to concerned about what we can get from someone that we damage relationships that could help us in the future. Yet, we cry about people having “connections”. As a young person, you have access to people that will become the next big things, don’t play. It is very important to have people; guys, and gals that will do anything for you. No man is an island, and it can be very exhausting trying to make it on your own.
Save!
Get a bank account and deposit something there every month. Alternatively, open a fixed deposit account and save. Why? First, saving is a discipline that can help you a lot in life. Another thing is that saving ensures that you are never broke to the point of a stupor. The thought that you have money somewhere gives you peace of mind that is good for your skin and general well-being.
Avoid the Bandwagon
Avoid investment fads or get-rich-quick schemes. Many young people are often the victims of Crypto, Ponzi schemes, and Pyramid schemes because they are impatient and always on the lookout for quick money. The problem with fast money is that it often distracts young people from doing the hard work that would make them for life.
Make Well-Researched Low-Risk Investments
It is essential to research every investment prospect before putting any kobo into it. Do not be swayed by words like “forex” and “affiliate marketing”, if you do not know what you are getting into, don’t do it. Yes, you might see friends who have made “millions” from it, but that does not mean you would. Do your own research and don’t make investments that are high-risk.
Investing may seem like a daunting task, especially for a young person in Edo State just starting out. But with the right knowledge and guidance, it can be a straightforward and rewarding way to secure your financial future.
For Uyi, saving is an investment he cannot do without, read his story here.
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