General Overseer of the Calvary Church, Pastor Olumide Emmanuel, has disclosed that savings is not an investment.
Emmanuel who is also a seasoned expert in finance and career development, who also writes to provide actionable strategies and practical advice to help navigate the path to financial abundance while excelling in professional life.
The disclosure was contained in a Video by the cleric
at an Insightful Session at SOM Accra, Ghana and obtained by FACTUAL NEWS NG.
While explaining how Savings can edge up inflation, Emmanuel said, “Savings is not an investment, there are principals you need to apply and savings is one of them.”
“One of the reasons why you save is to set money aside for what we call raining days, eventualities, that you can’t edge it against inflation, it’s there so it can save you because liquidity is very important.
“Another reason why you save is so that you can use it for investment, what you now do to edge your savings against inflation is by saving and putting in an investment and an asset, that’s when you can edge against inflation”
