![PicsArt_08-02-07.23.22-02-01.jpeg](https://images.hive.blog/DQmPqCxWCJYkVESMA4VpPJaTXKKr1CDW6bszKgAdTFexmJc/PicsArt_08-02-07.23.22-02-01.jpeg)




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### Savings & Insurance
 


Being economically responsible is an example of being proactive with one's financial situation. So is seeing the need to save. In Nigeria for example, savings is mostly how people tend to accomplishment a lot of goals and ambitions and not necessarily their salaries, incomes or earning.

 To me, savings is being proactive. It helps people take care of their emergencies and also functions as a fall back plan when people are no longer in a position or capable of working any longer. I've seen people with meager salaries build and own landed properties overtime of saving, building and earning, while I've seen many others with fat earnings accomplish nothing after a really long period of earning.

 Insurance companies and institutions have taken advantage of this phenomenon to build something for themselves. 


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### Being Proactive

Make no mistake, I still believe insurance companies are legal thieves, and this reason is because they're just like commercial banks. 

They offer you a savings path but take away the things of which they should really insure you against. Truth is, people are aware of financial proactiveness, they're just not aware of the numerous opportunities outside the financial institutions.

 One of the things that has awakened people to financial proactiveness in recent times is Covid-19. For example, there are people who depend on daily returns to take care of their needs and hence they'll need to physically go to their stalls where they meet their clients for business transactions. Because they make money on a daily, they feel they do not need to save but something as unexpected as Covid-19 happened. 


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### Crypto as an insurance

Covid-19 has brought a new awareness and even people who are banking with insurance companies had to endure the pain of being out of jobs, staying at home, no means of income with their money stuck with insurance companies against things like fire outbreak or retirement. They cannot get their money simply because the plan wasn't for a pandemic.


 This is a typical example of people being wrongly proactive with the right Intentions. A lot of people have come to key into the flexibility of crypto. While insurance companies are limited in terms of financial policies, people have come to understand that centralized financial institutions are only good with goading people, while using their money to earn from other financial schemes. 


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### Wealth Transfer

For example, leaving my binance keys or my hive account to my next of kin, maybe my child will be a far more smooth process of transition than when you're leaving them an insurance policy or a heavily studded bank account. Why is this? 

Wealth transfer through centralized financial institutions can be very difficult. This is the same with transferring a property that's tied with any financial government agency. 


Truth is, the decisions itself to save money in crypto rather than insurance schemes saves you from being financially cut out especially when something as unexpected as Covid-19 happens, this is to show that crypto is having more utility. 

With DeFi for example, you get to earn passively and with stable coins you can save for a futuristic goal without the fear of volatility. 

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### Crypto: Unlimited

Crypto then offers you accessibility at any point in time, this is what a lot of financial institutions hardly do. Personally the only thing I use traditional bank account for is transactions or fiat currency.

I feel that Nigeria as a country has limited crypto in this aspect for fear that it might cripple her native currency. If people are able to transact money using crypto as an extra option, nobody will use commercial banks anymore. 


But then, I feel people should decide for themselves rather than being denied that opportunity, I think being stifled from digitized opportunities in a technologicalised and sophisticated world should be against one's human right.

 Poverty is eating deep into Many African countries simply because of the lack of choices, people are left with coping with monopoly, Inflation and being choked into using fiat as the only means of exchange. 


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## Image owned by me

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> **Interested in some more of my works?**



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###### [How Life's Issues Prevents Us From Obligatory Priorities](https://hive.blog/hive-196037/@josediccus/y7mhppeu1a9)




##### [A Sense Of Self Accountability: Why Minimalism Exceeds Beyond Spending Money.](https://hive.blog/hive-167922/@josediccus/a-sense-of-self-accountability-why-minimalism-exceeds-beyond-spending-money)




##### [A Taste Of You.... (POB WOTW) {An Original Poetry)](https://hive.blog/hive-150329/@josediccus/a-taste-of-you-pob-wotw-an-original-poetry)




##### [Causality & Common Sense: Some Answers To Most Plausible Questions?](https://hive.blog/hive-150329/@josediccus/causality-and-common-sense-some-answers-to-most-plausible-questions)



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**My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers**


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#### @Josediccus, your brother-in-pen & heart

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*I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog*

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### <center> [My Twitter handle](https://mobile.twitter.com/PERCIVAL_JOEY)</center>



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@josediccus/the-choice-to-be-crypto-cally-proactive)