We are in a country where it is extremely difficult to trust people. Most businesses have collapsed due to human dishonesty. I have tried lots of businesses but fellow human beings have successfully collapsed it. Eg. Farming, purchasing of lands, onine investments , animal farming, shops. Etc......All have failed due to human dishonesty. However, treasury bills was doing better for me before I stopped and decided to these investments. Travelling agents have run away with peoples' money. I think for me I will go back to treasury bills again.....but thanks for the education bro.
I have a fixed deposit of 90,000 cedis with a financial institution in Ghana earning an interest rate of 25% p.a. for 6 months. My interest in March 2024 will be 11,200 cedis (1,866 cedis a month) tax free. This is far better than owing a house because I will need between 350,000 - 500,000 cedis to own a house that generate such amount.. The are no repairs, depreciation of the house, problems with tenant, non payment of rent, looking for tenants to occupy the place etc. This is better than someone earning the same amount as salary as government will tax 221 cedis as tax. My money is working for me everyday as I do not need to do anything. My decision is to pull all the principal into other things. No roll over until the principal is recovered. This is how I reduce my risk.
It’s good but when you compare with inflation rates T bill and fixed deposits are not money growing instruments You keep your money there for sometime to decide what you wanna do with it in terms of business. Bcos after 6 months or a year what 90k could have bought cannot buy anymore
You nailed it right on the spot. It is always a tricky thing as to whether do t-bill or doing a business. Both have their pros and cons. However, in all things, one ought to make a right balance.
Is better than leaving money in the bank, or investing with mensgold or DKM etc.to lose both principal and profit. So far what I have gone through in the hands of these investments that promises high interest rates. I am going back fully to do treasury bill.
Very insightful video but the sound distorted it. I had divided attention and it sounded like some funeral grounds. But very educative piece and looking forward for more videos without music pls 😊
If you dont have any plan to use the money for any business in the short term is better to lock the money in fixed deposit or T bills than to let the money stay in the account and suffer deductions from the bank.
You may link up let’s see how it goes Kindly dm me on Facebook “Apam Inspires” Use this Facebook link below facebook.com/profile.php?id=100063733651554&mibextid=LQQJ4d
We are in a country where it is extremely difficult to trust people. Most businesses have collapsed due to human dishonesty. I have tried lots of businesses but fellow human beings have successfully collapsed it. Eg. Farming, purchasing of lands, onine investments , animal farming, shops. Etc......All have failed due to human dishonesty. However, treasury bills was doing better for me before I stopped and decided to these investments. Travelling agents have run away with peoples' money. I think for me I will go back to treasury bills again.....but thanks for the education bro.
Its better to invest than to let the money sit idle in ur savings account . Anaa?
Thanks for the explanation on Discount rate and the Interest rate
I have a fixed deposit of 90,000 cedis with a financial institution in Ghana earning an interest rate of 25% p.a. for 6 months. My interest in March 2024 will be 11,200 cedis (1,866 cedis a month) tax free. This is far better than owing a house because I will need between 350,000 - 500,000 cedis to own a house that generate such amount.. The are no repairs, depreciation of the house, problems with tenant, non payment of rent, looking for tenants to occupy the place etc. This is better than someone earning the same amount as salary as government will tax 221 cedis as tax. My money is working for me everyday as I do not need to do anything. My decision is to pull all the principal into other things. No roll over until the principal is recovered. This is how I reduce my risk.
It’s good but when you compare with inflation rates T bill and fixed deposits are not money growing instruments
You keep your money there for sometime to decide what you wanna do with it in terms of business. Bcos after 6 months or a year what 90k could have bought cannot buy anymore
Please which financial institution are you saving with?
@@NimoOscar-tv1np Bayport Financial Service
@@NimoOscar-tv1np Bayport or Izwe
Beautiful Analysis
Fantastic explanation 👍
Thank you for sharing.
You nailed it right on the spot. It is always a tricky thing as to whether do t-bill or doing a business. Both have their pros and cons. However, in all things, one ought to make a right balance.
Thank you 🙏
Thank you Apam. Really enjoyed and learnt a lot from this one👏
I’m glad it was helpful!
This is very insightful. Thanks for sharing!
💪
Top guy. On top of issues
fantastic many people don't do this analysis before taking a step but doing business in ghana is another hurdle because of unfaithfulness
That’s true. Business is a huddle in Ghana but a necessary evil kind of
Is better than leaving money in the bank, or investing with mensgold or DKM etc.to lose both principal and profit. So far what I have gone through in the hands of these investments that promises high interest rates. I am going back fully to do treasury bill.
Nice one 👍🏿
Thank you, you made is simple to understand
Glad it helped!
Very insightful video but the sound distorted it. I had divided attention and it sounded like some funeral grounds.
But very educative piece and looking forward for more videos without music pls 😊
That was actually made some few months ago. Check me out on TikTok or Facebook for more detailed content of that sort. Apam Inspires on fb and TikTok
Enlightening❤
If you dont have any plan to use the money for any business in the short term is better to lock the money in fixed deposit or T bills than to let the money stay in the account and suffer deductions from the bank.
Sure 👍
Please remove the music
Thanks for the suggestion
Can we partner up to make videos? Am into finance and investing
You may link up let’s see how it goes
Kindly dm me on Facebook “Apam Inspires”
Use this Facebook link below
facebook.com/profile.php?id=100063733651554&mibextid=LQQJ4d
Eye opener @ Apaminspires, thanks sir
Most welcome!
Mr. Apam please do you have mentorship page?, can I have your contact, am humble to connect, learn and grow with you sir.
Kindly check on my Facebook page @Jonathan Apam you could link up from there via messenger 🙏