What shall it profit a man to spend his income on Consumption and fail to invest

Investment in its simplest of definitions is putting some amount of money into

a business that will yield income in the future, In other words, it is using your money to make more money. Most times when we hear of investment, our mind quickly rushes to buying of shares of companies, but this is just a small part of investment. Investment can come in various forms; if Mrs. Okafor brings out 20,000 out of her salary and decides to open a shop at Alaba International market, then Mrs. Okafor has invested; if Mr. Okeke builds a house and rents it out to people who pay him house rent every month, then Mr. Okeke has invested; Tunde decides to buy a bus, he uses to convey people from Jibowu to Ojuelegba, then Tunde has invested. Any venture you commit your money (or other resources) into with the hope of earning income from it in the future is an Investment. From this, we can see that there are lots of investment outlets available to us. Most Nigerians do not understand the value of investment. Investment, when it is done in various areas will help you earn income from various sources, so that even if one source of income closes, money can come from another source. If a person is earning 30,000 Naira a month and he is spending it all on consumption, what will now happen when an emergency above 30,000 now occurs, what will the person do? My point is that investment is very necessary if one wishes to become richer than he is currently. Don’t spend all that money you are getting, find a business that is okay, invest in it, who knows, you might become the next Bill Gates.

NB: Betting of any sort is not an Investment.

        Buying a private car is not an Investment

        Investment has to yield income…….. #word

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