I was working out with one of my friends at the gym today and while we were doing intense cardio his phone fell and the screen got broken. Everybody was pitying him that he would have to repair the phone screen with a lot of money but he said he was unbothered because he insured his phone. At first, I was surprised because I didn’t know that someone could insure their phone, he said you could insure anything and his new iPhone 16 Pro Max would be repaid by the insurance company. Another thing he said that was fascinating is when you have 2 million naira to buy a phone you should have 3 to 5% to insure it.
This experience taught me a great lesson, it gave me the understanding of securing our assets. Most of us invest and buy assets without securing them, We have so many people like that in Crypto who don’t take good care of their crypto keys. We also have people like that in real life who are careless with their security and this often leads to loss of assets and mismanagement. They have the knowledge to invest, but they don’t have the knowledge to secure and security is equally important as investing.
Securing your ass asses should be your number one priority
Secure your assets should be your number one priority. As the says goes in Crypto if is not your key, it’s not your asset. Anything that you don’t have the power to secure yourself is most likely going to end badly. That is why securing your asset should be your priority and it doesn’t have to be your investment or money alone just like my friend who insured his iPhone 16 Pro Max, you should insure things that are valuable to you. We have people who can buy 40 million naira cars but fail to insure them and when you ask them why didn’t they insure their car? They will tell you it is not necessary until the experience teaches them the hard way.
The main reason why people insure their things is because of unforeseen circumstances, things that you don’t know might happen because you don’t know tomorrow. This is a mistake most people make, they think they are secure but fail to remember that anything can happen especially those things that we don’t plan for that’s why securing our assets should be your priority. Anything that means most to you should be secure with your life even though insurance might not give you everything you lose back it helps and makes it easier.
It will make it easier
When you secure your assets, it gives you peace of mind that no matter how big unforeseen circumstances might be you’ll be able to get through it. There is no point in investing your hard-earned money without proper security. Anything you can’t secure you have a 50% chance of losing it but when you secure it, it gives you more than a 70% chance of you not losing that asset. It is important that when you are considering buying an asset You should also be looking at the security.
Thanks for your time.
