Imagine this, a Monday like any other, but instead of the normally tame puddle splash or black cat, if you’re superstitious, your daily serving of bad luck comes in form of a termination letter.
Now what will you do?
Bills need to be paid, you need to survive. If you’ have children, they need school fees, they need food, gosh, is the rent paid yet? What about water for the month? Did the electricity bill come yesterday or will they surprise us like last time? Isn’t the rent due next week?
More and more questions keep piling as bit by bit, you understand what Atlas felt with the weight of the world on his shoulders.
Sounds fantastical, doesn’t it?
Murphy’s Law states “Anything that can go wrong, will go wrong” and it is a guarantee that life whips this lesson out every once in a while. But that doesn’t mean that you should sit back and wait for it to happen. When life gives you lemons, make sure it finds you waiting with a juicer.
Believe it or not, there are ways to make unfortunate events like these better for you. What if you had a backup plan? Something that could help you in the case things went sideways and life was no longer as it was when you started out.
Instead of spending all you earn, what would happen if you were to cut out a bit from your daily spending? An amount that you could afford to, and put it to work for you?
That’s where investment comes in. Putting your extra cash, no matter how little, in a venture that can compound it bit by bit while looking for better ventures, you can build a nice nest egg that will be enough to cushion you in any event.
“Why do I need to do that?”
“What’ll it help me with?”
Fair questions to ask, and the answers lie in the results. Wouldn’t you like to be sure that you are secure? Wouldn’t you like to protect your loved ones? Wouldn’t you like to have enough to eventually finance your needs, wants, and desires?
Investment is something you understand when you begin, because it makes you really think about what you want to do. Maybe tomorrow, maybe next year, maybe in the next ten years, there’s always a goal. Besides, it does no harm to save for a rainy day.
You can only find it when you start putting money aside, because you will know that you have something to fund.
Compounding is the eight wonder of the world. Those who understand it, earn from it, and those who don’t understand it, pay it.
Learn how to compound your gains. That way, the next time bad luck comes your way, you will be a little more prepared for the situation than you were before. Building your buffers is in your best interest, as it is the only way you can take care of the future now.
Act in your best interests and identify which investment would best suit your needs. If you believe TSAVO is a way, invest@tsavo.ke and we will show you the path to Financial Independence by linking you with your FIRE Partner.
