Sprawled across the latest advertorial from one of our partners, Generali International. This title really got me thinking.

The passage of time has no regard for any human being or institution (maybe except that one occasion we read about in bible history).

Time will pass anyway, whether you start that MBA program you have been planning to for 2 years now, whether you start to learn the new language that has been on your to-do list for the past year or start to fund that savings plan you opened in January.

The truth is that we cannot control the passage of time, so it is useless crying over how fast time has gone by.

The human race is a surviving one, learning to adapt and survive every twist and turn that life brings its way. Its like they say in the jungle; ‘you either shape up, or ship out’.

In life, there are things you have no control over, e.g. the passage of time, the weather, the family you are born into, gravity, etc.

Take gravity for instance, If it were not for gravity, people wont fall down the stairs, planes wouldn’t fall out of the sky and many great disasters may have been averted. But nobody complains about gravity because it just exists.

We just accept it and in fact, some people have gone a step further to use gravity to their advantage and for fun activities like skydiving, high jump, baseball, golf, etc. all of which require gravity.

I am of the opinion that the same principles apply to the passage of time; it will definitely happen. So what do we do about it? Don’t stand by and complain or watch it go by, take advantage of what time is at your disposal and use it wisely.

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So you just started your first job at age 24. 60 appears to be a long time away, but it will pass faster than you expected (ask your retired parents). Now is as good a time as any to start a retirement fund.

You just had your first child go off to crèche! College looks really far off , but it will arrive faster than you ever imagined. Now is a great time to start an education investment fund for your little one.

Now, let’s bring it home to financial planning.

If you are a 24 year old lady; just got this awesome job and you have decided to invest N10,000 today towards your retirement and receive a 6% annual compounding interest rate, your investment will grow to approximately to N80,000 by the time you are 60. While a N10,000 investment at that rate made at age 48 would only grow to N20,000 by age 60, the same investment made at age 24 will grow to four times that value by the same age. As you can see, it can certainly be advantageous to get started planning for your financial future as early as possible.

Time will most definitely go by; the question is, what will you have done with it?

…because time doesn’t stand still.

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