TRADITIONAL BANKING SYSTEM VS. LAND BANKING: A PATH TO TRUE WEALTH
I was once there, trapped in the traditional banking system, believing it was a safe way to grow wealth. But the harsh reality soon hit me: the banking system is not designed to make anyone rich.
The true beneficiaries of this system are the banks themselves, who trade and loan out your money to those who understand the secrets and keys to wealth, reaping a mouth-watering 30% payback.
So, what is your take? A continuous reduction in the value of your money due to inflation, compounded by the unhealthy downturn of the naira’s value, and topped off with monthly subtractions for bank stamp duties.
So, who is working hard to save? You. Who is losing? You. Who gains more? The investors who borrow your money to do business that you know of but never explored.
CHANGE YOUR BANK
Let’s break down the reasons why the traditional banking system fails you:
1. Money Flies: Your money doesn’t sit idle in a bank; it is continuously goes in the direction of your insatiable needs and desires.
2. Needs Don’t Finish: Life’s demands are endless, making it challenging to save consistently. When you think you have settled all, then another need will arise.
3. You Have a Debit Card: With easy access to your funds, impulsive spending becomes a real threat. You are offered a debit card to help tamper and reverse your savings plan.
4. Naira Value Fluctuations: The naira’s value is unstable, which means your savings can lose purchasing power over time. Diminishing in value due to inflation and economic instability.
5. Emotional Spending: Immediate access to your money often leads to spending on wants rather than needs.
6. We Can’t Die Stirring at What We Have: We are wired to quickly use what we have to sustain ourselves. By implication, savings rules and regulations can’t stand. We better move our money far away.
LAND IS THE REAL BANK
Given the points above, it’s clear that your savings are not safe in the bank. We need to break out of this circular motion that leads nowhere. In this digital age, what you think you keep in the bank is literally in your hand. With a click, your savings can be gone. So, what then is truly savings?
Embrace Land Banking
Here is why:
1. It Is Safer: Unlike digital money, land is a tangible asset. It cannot disappear with a click.
2. Sure Appreciation: Land invariably appreciates over time. Historical data shows that real estate values increase steadily, making it a reliable investment.
3. Beautiful ROI: The return on investment for land is often much higher than traditional savings accounts or other low-risk investments.
4. Not Spendable: You can’t impulsively spend land. It requires deliberate actions to convert it back to cash, reducing the risk of emotional spending.
Maintain Balance
The key is not to abandon traditional banking entirely but to use it wisely. Here’s how:
1. Use traditional banking to gather funds: Save up your money in the bank until you have enough to invest.
2. Use Land Banking to hold and grow your wealth: Once you have enough savings, buy land. Over time, as the land appreciates, you can sell it at a higher price.
3. Reinvest: Take part of the profits from selling your land and reinvest in more land, continuing the cycle to build substantial wealth.
Conclusion
The journey to wealth requires a shift in perspective. The traditional banking system, while useful for everyday transactions and short-term savings, should not be the cornerstone of your wealth-building strategy. Land, on the other hand, offers stability, appreciation, and a safeguard against impulsive spending.
By balancing your use of traditional banking for gathering funds and land banking for holding and growing your wealth, you can pave a sure path to financial security and prosperity.
It’s time to change the way we save and invest—embrace land banking and secure a wealthier future.
