How to make your money work for you

“Someone is sitting in the shade today because someone planted a tree a long time ago.” – Warren Buffet

There is a common saying that “Time is money”. The truth therein is profound when you refer to the ideology of sowing and reaping.

So, let’s do a little arithmetic: Imagine between 9 a.m. and 5 p.m., you earn N1000 for working at a firm daily. Then you find out you can clone yourself with just N50 and have your clone work at another firm for the same amount of hours and earn double the amount you earn. How much will you earn at the end of 30 days?

Quite the puzzle, isn’t it?

The answer is N89, 950.

Of course in reality, it’s not possible to clone yourself. So, why not do what’s possible by making your money work for you to secure your financial future.

Here are some tips to get you started:

Seek financial knowledge and advice about investments

Discuss with an investment expert and like-minded individuals about your risk appetite and time horizons in making the right investment move.

Set a goal and start saving

Saving a portion of each paycheck in view of a stated goal helps you stay on track.

Subscribe to an investment scheme

This can be achieved by opening a mutual fund account that allows you invest in different asset classes like treasury bills, bonds, stocks and fixed deposits. Mutual funds could help you minimize risk and maximize returns on your investment. The minimum investment in mutual funds varies from as low as N5,000 to N50,000.

Adopt the habit of rolling over your investments – Don’t spend every return you get from your investments, this could be added to your original investment. As long as you leave the money in your investment account it will continue to work for you.

FBNQuest Asset Management is committed to providing financial advice that ensures that our clients’ investments go beyond today. Click here to get started.

You can also download FBNEdge – our solution to simple investing. Click here to get started.


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At FBNQuest, we believe success is progressive. By cultivating a strong investment lifestyle, you are going beyond today for a brighter future.

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