Do you know how much money you have in savings right now? If an emergency struck, how would you pay for it? Would you turn to your credit cards or ask that generous rich friend to bail you out? According to FNB's Product Specialist Ester Osche, Saving and investment is the most essential part of building wealth.
For the last few weeks, the Be Financially Smart series looked at some of the best, proven methods to grow your wealth. There are many different ways to save and invest your money. Choosing the right solution can be difficult. The financially smart thing to do is to carefully consider all the savings and investment options available to you and choose the solutions that work for you and your financial goals.
The right financial advice can help you make the right investment moves that keep all your specific goals in mind— Ester Osche, FNB Product Specialist
If you have patience and invest your money properly you could achieve the following:
- Build up three months of your income as an emergency fund
- Invest your money and earn higher investment returns
- Set yourself up for a brighter financial future
- Leave a legacy of wealth for the next generation of your family
Set your savings and investment on autopilot with scheduled payments and debit orders that send money straight to your saving and investment accounts— Ester Osche, FNB Product Specialist
Listen to the full interview below: