Invest Wisely to Safeguard Savings from Inflation, Financial advisor tells enterpreneurs.

Saving Finances in Banks or other Financial institutions for a long  Period puts it at risk of inflation. 

Together, as one Micro Finance Director, Hezekiah Kariuki advises entrepreneurs to Wisely cross examine the trends of the country's economy to avoid losing money to inflation in the quest to save. 

" Saving Money is one good way to safeguard it, but inflation eats into finances more than one can imagine. When Prices of Commodities  go up, that's an indirect way entrepreneurs lose money while still thinking it's safe." Said Kariuki. 

Entrepreneurs, he said, must look for better ways to invest their finances where it's safe but growing. 

He added that money increases or loses value depending on the investments undertaken, and the timeliness expected on the investment to make the returns. 

The Comfort Homes boss reiterated that real estate is the hardest hit by inflation as Prices for Building Materials keep shooting up.

" If you keep money in the bank for  five years, you will be shocked when you finally go to purchase in a hardware , the materials prices are almost double." He Stated. 

Kariuki also noted that entrepreneurs lose substantial figures through asset depreciation, adding that investors in the motor vehicle industry need to be cautious about how different vehicle units lose value. 

Movable assets lose value over time, and it's therefore prudent for dealers to check on depreciation rates to safeguard their investments. 

Kariuki rooted for land as the most secure investment mode capable of withstanding depreciation and inflation effects.

"In normal cases, mostly the value of land goes up, and it's rare that one can lose money on land investment due to inflation or depreciation. " Said The Comfort Homes Director