How to invest money

How to invest money is the focus of this post.  You will be able to see a creative and practical way to do simple but profitable investment of your money today.

Related: How to make money with adsense

How to invest money using Cowrywise

If you locked ₦100,000 in Cowrywise in January this year, by now that money would have been worth ₦107,500.

If you had left that same money in your bank account, by now the value must have reduced.

• Your bank will debit you for SMS alert.
• Your bank will debit you for Stamp Duty.
• Your bank will debit you for account maintenance.

Even if you’re lucky to meet the ₦100,000 complete in your account, I can tell you for free that what that money can buy 7 months ago, you can’t afford it now with that same amount of money.

Stop leaving money in bank savings account

Stop putting your money in the bank where bank charges and inflation will be reducing its value.

Put your money in a High Yield Savings Account where you can earn interest on your savings.

How to invest money: What Cowrywise and other Fintech apps give you

The following are what some of these money investment platforms give you:

• Cowrywise pays up to 15% – 17% interest per annum.
• Piggyvest pays up to 18% interest per annum.
• Risevest pays up to 18% – 25% interest per annum.
• Kuda Bank pays up to 10% interest per annum.

But your bank?

They charge you for even keeping your money with them.

Invest money wisely

Banks use your money to do business by giving it out as loans to individuals and business owners.

Yet, they pay you little or no interest at all.

Do your research on any of these fintech apps, pick one and start using it for your savings.

Stop leaving your money in the bank.

Send your money on errand let it keep making more money for you.

Do you want to learn Christian financial principles? Check out the most exciting Christian personal Development blog in Nigeria