ASK LEO: SAVING INTO BUSINESS:CAN IT BE TERMED THE BEST FORM OF SAVINGS?

[peterale]

When question is being put forth concerning saving to people,then you sit back and await to hear different opinions people about savings,all what you could hear from people are funny responses. Savings is not about opening a bank account or constructing a local piggybank where you can save through those means expecting the money to be adding up. But is that the best form of savings.

"According to Anath Lee Wales, he opined concerning savings that, effective saving can lead to a successful wealth achievement"

Of course, there are different ways of saving but it's safe and better to save in investment or save in business investment so that the money you save can grow into multiple folds.

I am someone who usually indulge in saving so well. At a point,I was saving and the money was increasing. As it's increasing, though I found it very amazing that I was saving but the was bit growing as I wanted.

Then i diverted my savings towards starting a small scale poultry business. Though it was all risk, putting my savings on business savings is one the best financial decision I have ever made in life.

So,in conclusion it's good to save but it your truly want ti grow your on a steady race you have to put it or lock it on saving the money I to business.

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Thanks for stopping by to view my blog. Please do have a wonderful day ahead.@peterale cares🤭

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Comments

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[shohana1]

I think yes, it could be the best for of saving if we can apply proper plan and strategies in our business.

[iskafan]

When you move your savings to investments portfolio like starting a business, you are automatically sending that money on an errand to earn more for you. So, yes, I agree.

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[olajmk]

Keeping money in the piggy bank or bank yields no interest. 'You only get what you save'. But investing your savings into business really help and it will be a source of more financial income. Moreso,when the business is well planned and strategized then it can yield double of the money invested into it as the interest.. So saving into business is the best form of savings