A Must Read!! Why You Must Not Save Money In The Bank or Die Poor (SEE THIS)

Posted by E.L.E.X on September 24 2020 under Celebrities

According to the Nigerian-UK base controversial lawyer and pastor, Reno Omokri on his Facebook page some minutes ago, gave some good reasons why it’s not advisable to save money in the bank for a long period of time, but invest it instead.

He wrote,

“Saving money in banks is like managing your poverty. Managed poverty is still poverty. No bank on Earth will give you interest rates much higher than the inflation rate. Instead invest your money. Buy forex. Buy land. Buy shares. Go to village farm markets and buy produce for resale in cities. ?The only reason to save is to save to invest. ?1 million saved in 2015 was worth $8000. In 5 years, the bank gave you ?500,000 interests. Now your ?1,500,000 is worth $3800. On the day of maturity, your money is worth less than on the day of deposit. Who did you save? The bank or your self? Don’t save money. Save your future! ?Invest wisely. Don’t save foolishly!”

I completely agree with him on this and I’m sure you will! Saving money especially in Nigerian bank is a big scam. Deposit 100K today and watch it turn 99K in few months time.

How on Heaven sake would a bank charge for birthday SMS to their customers.

I totally agree with Reno’s analysis. How about you?