Learn how fintech products can help you build wealth before retirement at The Fintech Summit 2022

by James · September 7, 2022

For some, the goal is to retire at age 40; for others it is 50.

Is this possible? Yes. It is achievable by increasing your regular and passive income.

About 45% of Nigerian parents plan to rely on their children after retirement, according to the Access to Financial Services in Nigeria (A2F) 2020 report by EFInA.

Add this to the increasing pressure to meet the rising cost of living and you could be headed for this vicious cycle if there is nothing to fall back on after mandatory retirement.

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So what are you doing? Start a side hustle?

Ironically, you don’t need to add a side hustle to your 9 to 5 to create passive income.

Today, with digital products provided by fintech companies, you can grow your wealth by generating up to 15% interest from annual savings on some platforms and 20% return on investments on others.

You can even own shares in some of the world’s biggest companies such as Facebook (Meta), Amazon, Apple, Netflix and Google (Alphabet).

Inflation in Nigeria hit a 17-year high this year and the value of the naira continues to decline. However, some fintech products can help you hedge against inflation and ensure that the value of your savings doesn’t go down, but goes up instead.

The list of products is endless and they give you more time to move up the corporate ladder, increase your income or concentrate on other ventures while the money works for you. If you are capable, you can still add a side hustle.

Interestingly, fintech is not just for “techies” but people from all walks of life. Fintech products have now made it possible for the average worker earning a few grand to grow wealth.

How do I start?

On 26 November 2022, Techpoint Africa will host the Fintech Summit (2022). Fintech companies, entrepreneurs and people with answers to your questions will be there.

What better place to start your journey towards financial freedom than at the biggest fintech gathering in Nigeria?

Fintech Summit 2022 has the theme “The Fintech in Everything” and will explore how financial technology is shaping how we live and do business today.