'There's nothing wrong with being conservative with money that's been hard-earned'
Ger O'Brien is a 50-year-old father-of-one. Having worked for NATO and the UN, he is now a director of property management business, Southern Property Maintenance. The proud Cork man says safety is a priority when it comes to savings.
"In 1991, I sent money home to buy Eircom shares and they turned into a bit of a disaster and I lost whatever few quid I had managed to put away. That taught me a valuable lesson - there's nothing wrong with being conservative with money that's hard-earned.
"During the so-called Celtic Tiger years, I remember being approached by a guy in a bar asking would I invest in a scheme that would double or treble my money. It sounded too good to be true and I declined. It struck me after, this was probably one of those pyramid schemes doing the rounds.
"Since then I have taken no risks. I have some in the Credit Union, some with AIB and some in State Prize Bonds. With longer-term goals such as third-level education for our daughter a priority, I try to make a five-year plan and stick to it.
"I'm not a compulsive buyer, so if I really want something, I tend to put money aside weekly until I feel I have the majority of the cost price of the item saved.
"My focus at the moment is on growing the business, so for the next two years my savings will be limited. Every ounce of energy I have will go towards that."