AdeFilms of Abeokuta.

You saved ₦1 million in January. By December, your savings account has paid you ₦150,000 in interest. Your balance is now ₦1.15 million. You made money, right? Yes. But there’s another question. Can that ₦1.15 million buy more than your ₦1 million could buy in January? If prices increased by 20% during that period, your savings earned 15% while your cost of living increased by 20%. Your account balance grew, but your purchasing power declined. This is the difference between nominal returns and real returns. When evaluating savings and investments, don’t focus only on the interest you’re earning. Consider inflation, taxes and other costs. The goal isn’t just to have more naira. It’s to preserve and grow what your money can actually buy.

If you’re praying and looking for ₦50 million, you also need to be willing to take the kind of risks that can realistically bring you that amount. You can’t be praying for ₦50 million while only taking ₦1 million risks. Your level of risk, effort, and strategy has to align with the level of money you’re expecting.