Would you set aside a portion of your income for any future
enterprise capital intensive expenditures or just wing it and wait till when
you have the complete funds?
Saving from 2023 to 2026 for an outright buy of a property worth
60million naira in 2023 may be a shaky new year's resolution. Taking into
consideration inflation, recession, appreciation, taxation and all the
presiding "tions". Although many people believe that saving for a
rainy day is a waste of time, the truth is that doing so can pay off in more
ways than one. You could make the most of your savings and multiply your
revenue, while waiting for 2026. Here are just a few of the benefits:
Good credit rating: The level of importance of a credit
score comes as a shock to some people, especially when they are at the verge of
taking a loan to invest in a business or make a huge capital expenditure such
as buying a car or house. It is good to note that having a high credit score
reduces friction, improves trust and increases your chances of getting good
interest rates. This can help you save a lot more over time.
Peace of mind: Unexpected situations surface all
the time. With a savings plan, you are more confident in facing the unpleasant
or uninvited wave of events that hit you. The ability to cater to your needs
and that of those close to you, without flinching, is a super power that gives
you relief, just at the thought of it.
First step to wealth
creation: Someone
once said you can make money while sleeping and this absolutely possible. With
your savings, you can actually achieve this milestone. It doesn't have to be
a complicated process; it’s as simple as putting your savings in an investment
plan that brings dividend over a period of time.
Do you know that there is an opportunity for you to become a
landlord by putting your previous savings to work and also setting aside a
percentage of your income monthly to achieve this? It is never too late to
start. You worked for your money, now let it work for you. How does this work?
Buysmallsmall is your best bet; a trusted partner to help you achieve the title of landlord or live in your dream home. With 80% financing, a more flexible payment plan at zero interest rate, you can be a proud home owner of a property which you can put back on the rental market whilst making your monthly rental income, or one which you can live in.
You can start by leveraging the BUYSMALLSMALL platform where
you can opt for a short term plan, mid-term plan or long term plan. The short
term and midterm plans are financing packages covering 1 to 24 months and 25 to
72 months respectively. The long term plan is a mortgage option which offers
you a payback period of up to 15 years. With any of these plans, you will make
significant progress, without having to give up all your fun while growing a
healthy savings culture.
Visit buysmallsmall.ng now to schedule an inspection. Trust me on
this, you will thank me later.