The Altitude of` African Investments
I told him that there are some individual in each country of Africa that they federal government cannot even afford to pay their emoluments. The reason behind this is the fact that they have garnered lots of experiences in the course of the year which have in return given them opportunities to be employed by top business pay a huge amount of money. many of them are be employed by international companies as their secretaries-general, ECOs and other big positions. now, how will such a person that has been known worldwide be confined to a local position by the government of the country?
Many a time, we are absolutely engrossed with prospects of getting rich by all means. but we fail to find out how this is possible. it's very possible to be rich but you have to pay some sacrifices. Some of the sacrifices are simple while others requires diligence and a level of discipline.
Let say, for example, you are working with a particular company for the past eight years, it is good to work a long time for a company, but when some things are not in place, you need to find other places to work for. Now, assuming you have work for that company for that duration of time and you have been only promoted once or twice and despite the promotion(s), you still find it almost impossible to take good care of your family, at least, if not the extended one. then, you must be on guard to search, diligently, for another employment. This will now require a very precise decision. say your first company is paying you 150$ with accommodation, feeding allowances and superannuation monthly but the new one wants to pay you 230$ without accommodation and feeding. you know these fall in the most necessities of life. you must be think deeply to retain your first employment and reject the new for the main time until you get a better one. it is better to write a letter for a raise or discuss it with the company.
The attitude towards investment, generally, in African countries, is epileptic. we believe that God will always provide no matter what. yes, He will but you have your part to play if everything must work out fine. At least, 20% of your monthly salaries or profit should be retain as savings, even more. but as for me, I saved more than 59% and this really helped me alot. it got to a time when I relied upon the money that I have been saving because things are now expensive and the was not increment of salaries.
If investment rate could be drastically adhered to, then, the problem of lack in the time of need will be reduced to the barest minimal. The truth is, this will not just happen overnight. you will have to prepare for it. conserve the water in the rainy day and use it during the drought.
If we can increase our savings and reduce unnecessary spending, then, in the next few years, we will have a positive balance of trade and payment. This is the proper time to invest our resources.
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