Author Reno Omokri has given a strong financial advise on why it is not advisable to save money except on two occasions.
Omokri disclosed that unless one is saving to invest or for emergencies, it is total useless to save money, citing inflation which affects the value of the money.
He concluded by saying that money must be spent on necessities and the rest must be invested to yield more money.
Here is what he tweeted;
‘There are only two reasons you should save money:
Save to invest when what you have is too small to invest
Save for emergencies
Other than these, you should not save money. Inflation will reduce its value. Spend on necessities and invest the rest’
See screenshot of his tweet below;