There has been at least one point in time where we have scoffed at certain ideas because we could not afford them. With typical statements like:

• Hoh! E no need sef, all be vanity
• E no dey bee me, like I get am already
• I no dey like show off, that be why

These statements have become even more popular because they are easy ways to hide from the realities of not being able to afford the ‘good things of life’.

I remember meeting up with a lady friend (whom I was trying to ‘move to’) at Osu for a night out with my fixed budget of GHS 150. Hopefully, we would spend GHS 100 on food and use the remaining GHS 50 for uber. As soon as we met, I quickly suggested a food place (of course I had done my research and knew all their food prices were within budget). Lo and behold! this lady had been there in the morning and wanted something else, so she suggested a different ‘bougie’ restaurant. My response: “hoh that place sef their chef just tested positive for coronavirus, so it’s not safe to go there”.

I got away with it, but the truth remains, I COULD NOT AFFORD IT.

Many young men have developed scripts to help deal with such embarrassing situations but that should not be the case. With the right financial advice, we can all enjoy the good things of life with no stress.

In the words of Idowu Koyenikan, “money is always eager and ready to work for anyone who is ready to employ it”. Simply put, make your money work for you”.

Many young men have developed scripts to help deal with such embarrassing situations but that should not be the case. With the right financial advice, we can all enjoy the good things of life with no stress.

In the words of Idowu Koyenikan, “money is always eager and ready to work for anyone who is ready to employ it”. Simply put, make your money work for you”.

As cliché as it may sound, owning an investment account is the single most effective way of growing your income and building your wealth. Especially in a country like Ghana where inflation  is about 9%, keeping money in a susu box or even a savings account is a one-way drive to poverty.

Investing is something that everyone should do. There are so many benefits of investing that it makes no sense not to get started.

If you want to build wealth and financial stability, investing is what will get you there. Still not convinced? Here are some key benefits of investing.

1.Achieve your Financial Goals.

You may have some specific financial goals in your mind like buying a car or home, taking a world tour, etc., hence, it becomes important to invest to achieve those goals. Whatever financial goals you set must give you the motivation to work harder and invest.

2. Financial Security.

If you want to be financially secure, then it is obvious that you will need to have extra money. It ensures that you can safeguard yourself financially against the major financial hardships, which may crop up in the future. For instance, a major health crisis in your family, providing

higher education to your kids, destruction of the home by a fire. Having an investment will ensure that you are thoroughly protected and financially secured to take care of such unforeseen events in a hassle-free manner.

3. Stay Ahead of Inflation.

If you do not invest and grow your money, you will end up losing money over time. This is all thanks to inflation. Inflation is the general increase in prices that happens every year and the decline in purchasing power of your money. Growing your money (Investing) is the surest way to battle inflation.

4. Build your Wealth.

Formulating an investment plan is essential to create or build wealth. This goes without saying, but I am going to say it anyway: Investing is how you build wealth.

There are many benefits of investing. If you want to create financial stability, grow your wealth, and stay on track for retirement you need to come up with an investing plan that suits your needs.

If you are completely new to investing you can check out the Dalex SWIFT investment app via www.dalexswift.com and let’s get you started.