The biggest saving for any entrepreneur is investing in people’s knowledge and skills to promote development. I have always invested in young, unique and fresh talent. For me, youth is a period which is marked by energy, dynamism, freshness, enthusiasm and zeal.
At individual level, while a diploma may open doors to employment, it is their skills that determine their productivity and ability to adapt to new technologies and opportunities. It is that complicated phase of life when self-worth is analyzed and habits are categorized under aspects like long term and short term benefits.
Just like a savings bank account provides financial security, I believe youth is a stage at which if energy spurts into the right direction can result into an assured future. It is the time when aims are set and the skills are wielded to achieve these goals. Many things are similar about savings and youth. For instance, the common prerequisites to draw security and certainty from either of them are- self control, continuity and financial goals.
One side of Youth is about originality and strength; the other side holds diversion and pressure. And to deal with the latter, self control is the best strategy. Same strategy can be applied to deal with immoderation at financial front.
Another factor to get assured benefit from youth and savings account is being consistent. It is important to inculcate a habit of saving right from the very start. Lack of continuity results in dissatisfaction and a flow of efforts once broken, takes time to establish again.
The third thing which is important in my opinion to earn long term profits from youth and savings is- strong financial objective. If one is certain about the goal, journey to achieve it becomes easier.
These three requirements for healthy financial hold are driven by habits which undoubtedly take time to get into some structure but once solidified are never neglected. Saving money is a healthy habit and once its importance is realized, it can never be over looked.
Savings done at a younger age not only lays the foundation of a secured future but also helps us think economically. Statistics tell a story of the huge portion of Nigeria’s young population which has no secure way to save for their future. This constitutes about 64.3 per cent of the young population of Nigeria which is between the ages of 15-24 years. The youth of Nigeria is on the road of development and is exuberant about the changes around them. They just need a proper guidance.
Diamond Bank’s Diamond Cool-Teens accounts are a part of the financial initiative taken towards realizing the dreams of these dynamic minds. The focus of these accounts is to develop a habit of savings among the youngsters.
‘Saving’ is an example of this wisdom. Diamond Future accounts have been designed to enable the parents take this decision for their children. Youth is certainly the right time to utilize the resources in hand and Diamond Bank believes in providing these resources to our customer in the best possible way. After all a penny saved is a penny earned.