Personal Finance: Achieving Intentional "Saving" Goals

Saving is one of the most difficult things to do and practically the most searched word on some search engines. It's always going to be like this and people will always require new ways to do it. This is because it's difficult to establish goals when there are blockades.

In this video, I address some of the reasons why people cannot save and why these reasons will keep making it easier for traditional banks to take advantage of people to establish long-term bank schemes that will relatively make it difficult for people to primarily have access to their money.

Access to money is one of the biggest barriers to savings. Traditional banks offer secondary schemes, especially in places like Nigeria. They create the illusion that inaccessibility is the best way to keep money while giving people a very tiny commission for keeping their money for a very long period.

So over time, people lose money to inflation by keeping their money with third-party options, just because they're not disciplined enough to handle their money. In this video, I talked about why that discipline is almost unachievable and why this has to do with our emotions and sentiments.

Interested in some more of my works?

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Hive's Scalability & The Compromise Of Commitments

Money: The Consequences Of Making The Right & Wrong Decisions

The Nigerian Economy: Monopolizing Incompetence

The Experiential Process of Understanding Money

A Case Of Theft On Hive: Here's Why Some People Choose Scam.