Cowryvest

  In trying to build wealth we are usually told that it starts with saving, that is paying yourself first before making expenses. Save, save, save. Then we are told that after saving, investing is the next step. Recently the Tony Elumelu Foundation posted a video on their social media page where their Chairman, Mr Tony Elumelu reiterated the same steps for budding entrepreneurs who were gathered together in one of their training programs, emphasizing the need to save and delay gratification, then invest, as a means of breaking the chain of poverty and moving up the ladder. Undoubtedly these are golden principles which are tested and trusted, and have stood the test of time.  However in the execution of these principles, sometimes we fall into another trap, the trap of falling in love with a fat bank account or cash in hand. A growing or fat bank account especially as a result of saving usually gives a sense of fulfilment and a high level of confidence, making one forget that s...