Have you ever paused to ponder over the individual who first conceived the idea of the piggy bank? Were they ensnared in a scarce mindset, or did they possess a vision of something greater? We’re all familiar with the act of stashing our money away in a piggy bank, affectionately referred to as a ‘Kolo’ in Nigeria. It’s a practice deeply ingrained in our culture, one that many of us have adhered to since childhood. 

Yet, the experience of shattering that Kolo at the end of the year only to find the same money we’ve saved all along is far too common. The reality hits us hard – while we believed we were saving; the purchasing power of our money has dwindled due to inflation. 

The concept of the Kolo, or piggy bank, is firmly rooted in a scarcity mindset. The notion is simple: save money by tucking it away in a confined space, which inadvertently hinders its capacity to grow, breathe, or appreciate. It’s as if our hard-earned cash is imprisoned within a dark and desolate vault, unable to fulfill its true potential. While this approach might have made sense in the past, the ever-present specter of inflation has altered our financial landscape, necessitating a fresh look at our relationship with money. 

Money has evolved beyond the confines of the Kolo mentality, and it extends an invitation to a new paradigm wherein it can flourish, expand, and collaborate with you to realize your financial aspirations. 

It’s an exciting era for money, and it holds abundant possibilities for your financial future. The question is: How can you effectively work with money to build wealth and manage your finances adeptly? 

The answer lies in exploring the Kolo-Mentality Episode of the Money series. Click here to dive into a world of financial possibilities and redefine your relationship with money through the Zedcrest Wealth app. 

Download the Zedcrest Wealth app now and give your money the best opportunity to grow!