HOW TO START SAVING AND INVESTING WITH A SMALL AMOUNT

THE RICHEST MAN IN BABYLON

THE NEW YEAR IS AROUND THE CORNER, AND THE TIME HAS COME TO HAVE NEW GOOD RESOLUTIONS. ONE OF THESE RESOLUTIONS SHOULD BE TO DO SOMETHING FOR YOUR FINANCES. SO, ONE WAY TO DO IT IS TO PUT 10% OF ALL MONEY YOU RECEIVE TO SAVINGS. FOR YOUR PERUSAL AND ENTERTAINMENT, DOWNLOAD AND READ THE BOOK “THE RICHEST MAN IN BABYLON”. I HAVE INSERTED A LINK TO THAT BOOK ON TOP OF THIS ARTICLE. FOLLOWING IS AN EASY WAY TO SET ASIDE THE MONEY, USING MTN MOBILE MONEY. 

ALREADY SEVERAL WEEKS AGO, I HAVE WRITTEN A SMALL ARTICLE IN MY BLOG ABOUT THE IMPORTANCE TO SAVE AND INVEST MONEY. THIS YOU GAN DO EVEN WITH SMALL MONTHLY AMOUNTS. YOU CAN ALWAYS SET ASIDE 10% OF THE MONEY YOU RECEIVE FOR FUTURE PURPOSES. THE BOOK TO DOWNLOAD AT THE TOP OF THIS ARTICLE WILL SHOW YOU THAT THIS AMOUNT WILL HARDLY HAVE INFLUENCE ON YOUR LIFESTYLE.

AND IN THE ERA OF MOBILE MONEY IT IS VERY EASY TO DO THAT MORE OR LESS AUTOMATICALLY. IF YOU ARE REGISTERED TO MTN MOBILE MONEY, OPEN THE MOBILE MONEY WITH *170#. THEN GO TO SAVINGS & LOANS (6). THEN CHOOSE 1 (YELLO SAVE) AND FOLLOW THE INSTRUCTIONS TO OPEN THE SAVINGS ACCOUNT.

YOU WILL NEED AN INITIAL DEPOSIT OF 2 GHC, AND YOU WILL GET 12% INTEREST PER YEAR. THESE ARE THE CONDITIONS FOR THE SAVINGS ACCOUNT AS THEY ARE AT THE MOMENT.  BE CONSEQUENT AND TRANSFER 10% OF ALL THE MONEY YOU RECEIVE ON YOUR MOBILE MONEY ACCOUNT TO YOUR SAVINGS ACCOUNT. YOU WILL SOON SEE THAT THE MONEY YOU TRANSFER WILL BEAR FRUITS.

IMAGINE YOU SET ASIDE 100 GHC EVERY MONTH. IF YOU DO THAT FOR ONE YEAR, YOU WILL HAVE OVER 1,400 GHC AFTER THAT ONE YEAR. JUST TRY IT, AND I  AM SURE THAT YOU WILL SUCCEED.

FOR ALL THOSE WHO WILL READ MY BLOG FOR THE LAST TIME THIS YEAR: I WISH YOU A PEACEFUL CHRISTMAS FESTIVITY!

AND THAT ONE WHETHER YOU ARE A CHRISTIAN, MUSLIM, BUDDHIST, OF HINDI RELIGION, OR AN ATHEIST. CHRISTMAS IS THE FEAST OF PEACE, AND DOESN’T DEPEND ON ANY RELIGION.

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