Top Tweets for #BeCowrywise
5. Saving cash in your bank account.
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Saving with a Nigerian bank account is an extreme sport, you have to keep dodging charges everyday. The interest rates? 😢
#BeCowrywise and invest your savings in high-yielding instruments
https://t.co/6ljiRL6lqy
Have you saved on Cowrywise today?
Plan. Save. Invest.
#BeCowrywise
NEW ARTICLE: 7 Important Life Goals That Everyone Needs to Meet
This simple guide explains, in plain English, how to make the best financial decisions for the long-term: https://t.co/dHRm8AeMUx #BeCowrywise
25 year old: When is the best time to start investing for retirement?
A: Before the sun comes up tomorrow. #BeCowrywise
Can you afford to live for 100 years? #BeCowrywise
“Stop learning, stop earning.
Keep learning, keep earning.”
___
Have you checked out the cowrywise blog today? 🤔
Keep learning: https://t.co/T1bGqL8Nqc #BeCowrywise
1. Build A Wedge: If you are determined to move your financial lives forward, you need a wedge between your earnings and your expenses. This wedge is your savings. You secure it when you lock your expenses down to a definite % of your salary, and savest the rest. #BeCowrywise
You should consider the following strategies to avoid lifestyle inflation:
1. Build a wedge
2. Value experiences over things
3. Make gradual changes
#beCowrywise
Avoiding lifestyle inflation can mean achieving financial independence at a younger age, having the financial flexibility to choose a dream job over a higher-paying option, and retiring early. #BeCowrywise
An automated savings plan can be a good way to ensure that savings goals are met and spending is capped. #BeCowrywise
Often those purchases don’t make them happier, and a better option would be to work toward financial independence by saving more. People can avoid lifestyle inflation by consciously establishing spending and saving amounts. #BeCowrywise
People tend to increase their spending each time their income increases, because they believe that the additional goods and services they are purchasing will make them happier. #BeCowrywise
Despite getting by on very little money as a student and skimping on everything from rent to groceries to nights on the town, once that first big paycheck arrives, things that were once luxuries become “necessities”, and spending increases significantly. #BeCowrywise
Lifestyle inflation typically occurs when one goes from being a student to a full-time employee. #BeCowrywise
THREAD: Lifestyle Inflation. Have you ever heard of that? Lifestyle inflation is what causes people to get stuck in the rat race of working just to pay the bills. #BeCowrywise
With Cowrywise, everyone gets the opportunity to build up funds their own way. There are 6 different ways you can savest with us.
So, pick a plan and savest your way. 🥰#BeCowrywise
The dream is free but the hustle is sold separately- George Koufalis #BeCowrywise
Don't get things twisted; that we say you should savest doesn't mean you shouldn't enjoy life. Please do! ☺️
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What do we suggest? Create a budget for entertainment, don't freestyle, and make sure you savest before you spend.
Do you have an entertainment budget? #BeCowrywise
This discipline level is 💯
Although, if this plan has been set up on Cowrywise, at 3,000 daily for 365 days⤵️
Amount Saved: N1,092,000
Interest: N62,790 (extra money 🎉)
Total Balance: N1,154,790
#BeCowrywise 😉
We aren’t just here to help people save, our duty is to help people build wealth. That’s why we say:
PLAN
SAVE
INVEST
Go #beyondsavings and join the community of upcoming billionaires. #BeCowrywise
https://t.co/6sUSo3sEho
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