3 WAYS TO PROTECT YOUR MONEY FROM INFLATION

I remember the first time I talked about saving and investing on this channel dollar was selling for 417 naira Nair is actually very very shitty bra if you don't have an emergency fund in place then it's all down to people can barely make ends me hey love what's up and welcome back to the channel in this video I'm going to be sharing with you three ways you can protect your money from inflation and devaluation now if this your first time of stopping by you're welcome my name is adish shami and I'm a YouTuber and a content creator based in ion Nigeria more often than not I talk about how to make money how to grow your money and how to invest your money on this channel so if these are the kind of videos you are interested in you want to make sure you subscribe to me because baby I have to be your accountability partner but if at any point in time you lose interest or you feel like you're not getting value from this channel you are very much welcome to unsubscribe because there is no point you know in subscribing to or listening to someone that you are not getting anything from so yeah that is it Point Blank period anyways in this video I'm going to be sharing with you three ways you can protect your money from inflation and devaluation now if that sound like something you're interested in then sit back and keep on watching so the first way I'm going to be sharing with you is to save and invest your money in dollars now on this channel we've talked about ways to save and invest your money in dollars because that is what I always do I've said it times without number on this channel that it is very very important that you save and invest your money in dollars I remember the first time I talked about saving and investing on this channel dollar was selling for 417 naira baby and now it's currently selling for over ,000 as today that I'm filming this video dollar is selling for 1,000 on Nar can you see how ridiculous that is so imagine if you had saved or invested when I talked about it um about sometimes last year you would have protected your money against inflation and devaluation and it even means that you would have made like a reasonable amount of money I'm going to link some of my other videos in the description box so you can watch them follow through and be sure to save and invest your money in dollars but of course I understand that not everybody can afford to do that which is why there are other savings and investment platform that allows you to do that in naira but I want you to know that you're not necessarily protecting your money from inflation and or devaluation you just kind of like keeping it as a stable cash the way it is it's just there stable it's not increasing it's not decreasing but maybe even if it is increasing a little bit you are not necessarily making a lot of money you got it now the second way I'm going to be sharing with you again is to invest your money in stocks now if you cannot afford to invest your money or save your money in US Stocks you can invest your money in Nigerian stocks and I know some people say oh even if you invest your money in Nigerian stock inflation is going to eat up whatever Roi you get and while that is not always true okay you won't be losing your money and there is a you can have an edge over inflation if you invest in companies that you know I don't want to say if you're certain they are going to do well but if you're able to do your research properly and invest in company that are going to give you like a better Roi then I don't see a reason why you're going to lose money say for example you invest in a company and in the space of one year it gives you maybe about 50% return on investment and as a today that I'm filming this video inflation is currently about 203 24 25 about less than 30% is the inflation we have in the country right now so if in a year you are making about 50% return on investment I don't see how that is a bad business at all although you are not going to be making money all the time there are days where you are going to be losing money but there are obviously days that you're going to make money because as always these businesses are also in the business of making money these companies are also in the business of making money they don't want to lose money as well they want to try to make money as much as they can so that is the T invest your money in Nigerian stocks for this you can use Trove or you can use AF invest if you want to invest your money in US Stocks you can use bamboo you can use Trove um what else I think those are the major two applications that I used to invest my money in US Stocks okay now the third way you can protect your money from inflation and devaluation is to save your money in stable currencies like usdt okay that is one of the best ways you can actually protect your money because but at the same time you are also kind of like buying with your naira naira is actually very very shitty bra I don't know what else to say about naira again but we've talked about that over and over on this channel about how shitty naira is you know that so please please please please please please if you can invest your money if you can save your money in stable currency you are also going to be buying at um you know the regular dollar rate but this one is for people that do not have like a high risk tolerance they just want to protect their money against inflation so let's say you want to most of the time the stable currencies that you are going to be using would would be the same amount to dollar price so if you want to like buy $10 your equivalently buying 10 usdt so as as the value of dollar increases against naira then you will be making money even if you are not making money at the end of the day at least the value of your money is not dropping so those are the three basic ways you can protect your money from inflation now I'm going to give you like an addon Jara okay because this is one of the best ways you can also protect your money but not necessarily saving it from inflation because I mean all of these things that I've said if you don't have an emergency fund in place then it's all down to sheet it is very very important to build your emergency fund when starting out with any investment or any savings especially when you're are not doing it in your own local currency yeah you heard me correctly make sure to build your emergency fund build your sinking fund but the country is I mean it's very very tough people can barely make ends meet okay so but please find a way to try as much as possible to cover your expenses that way you know you can CER for things that are much more important to you so the additional one I wanted to give you is to save your money in high interest savings account okay for example if you have a Target if you want to buy something or someone kept money with you or just anything instead of leaving the money in your regular saving account you can just put it in your