DESIRE A FINANCIALLY SAFE TOMORROW? SAVE TODAY!

Hello dear friends! How’re you? Hope you’re fine. Do you know that investment guarantees financial security in unpredictable times? Do you also know that the future is cheap when bought today? If you wish to know, this is for you. So, I’ve titled this one: Desire a Financially Safe Tomorrow? Save Today! Enjoy!

 

‘Kayode Oyero

“Show me a low income earner who is a proud owner of a lush duplex building, and I’ll tell you: ‘he’s a man of good financial habit’... a man either leaves poverty or property for his posterity." - O.J.O

Seriously-minded, the unrestrained, indiscipline and insane manner at which some financially-not-yet-established people spend money is sickening. Some may call my concern meddlesome. But to me, this piece is more of an admonishment than minding other people’s business. Don’t forget, Your Inspiration, My Aspiration! Tell me dear friends! Isn’t it ripe enough we obfuscate: ‘Enough is Enough’ to the mantra famously echoed by the so-called ‘first world nations’ that blacks are people who lack?

>>>Grab your popcorn. We’ve just begun!

In the school of financial intelligence, an average person’s life in contemporary time is divided into three distinct phases. However pertinent is to note that this classification is in conformity with the ageing process of man. They are:

-The learning stage
-The earning stage
-The turning stage

As a convention, when a child squirms out and behold the blue roof of the firmament called earth, such child is subjected or precisely put obligated to undertake certain learning process as s/he grows. Chief amongst these developmental process are academic or technical education; learning a trade (often opted for by the under-privileged and the not mentally-gifted); enrolment at a seminary (for the divinely-called and the out-of-interests) or under the tutelage of an Arabic institution to mention just a few.

In situations far from abnormal, the learning phase of life usually starts from cradle-hood to toddling years into period of adolescence slipping into the exuberant teenage years. And finally, it crystallizes into the dawn of the twenties and at times to mid-twenties depending on how merciful providence is to such an individual.

In sum, the whole essence of the learning facet of life is based on the fact that the mind is a tabula-rasa: a blank white board (as asserted by a western philosopher). And that what a child becomes is contingent on the experience and exposure such a child has. These rationale necessitates that for anybody to be valuable in life, such a person must be exposed to some reformative and informational insights that will make such an individual have in possession what others will be in need of and not only that, but what they will be willing to pay for.

In actuality, the learning phase of life is to arm a being with the arsenal (skills, expertise and technical-know-how) that will make a person debt-free and financially independent in life so as to afford the necessities of life and to defray the basic life’s financial responsibilities like accommodation, nutrition and clothing. 

To the earning chapter:

During the earning phase of life, an individual is expected to work and earn yields in the form of salaries, accumulated wages, charged amounts for a rendered service amongst numerous terminologies used in the art of qualifying the reward of labour. This period customarily span through three decades of life before the bones start getting creaky and tired. To put discretionally, between ages twenty-five to fifty-five.

In this chapter of life, financial prudence demands a foresight individual to put paramount the need to invest. This is basically because it’s the raining season. But today, it’s bothersome that many live under the illusion that today’s survival is of utmost importance and thus should be considered superior above tomorrow’ sustenance. And as a result of such myopic conviction, indulgence in all kinds of financial waste from buying collective clothes chosen for ceremonies almost on weekly basis to the imprudent acquisitions of cars rank atop their list of first class priorities especially in busty cities like Lagos, Abuja, Ibadan and Port-harcourt (to mention just a few) where the air of weekends are hijacked by extravagant binges, wassails and jamborees on boulevards and relaxation centres.

As truthful a fashion, one ought to enjoy life today who knows tomorrow might never come. But, dear friends! It is pertinent to be conscious, cautious and trenchant in thinking so as to enjoy life minimally in the present in order not to endure poverty and hardship should tomorrow eventually comes in the form of longevity of life.

Putting the future into consideration in extant expenditure and spendings must rise atop the priority of anyone who wishes not to taste the sordidness of reversal of fortune. Anyone yet a Bourgeoisie wont eating with both hands is definitely likely to beg with same hands in the after-earning stage of life. Remember, ours is an era of ‘on your own’ survival. Not with most governments’ nonchalance to the welfare of its citizens!

>>> Fasten your seatbelt. A shocker is inevitable! A rough drive lies ahead!

Frankly speaking, the duplex of many (in precision, the female folks) sits un-erect in their wardrobes; not as raw cash but as depreciable items such as excessively high and countless clothes that come next six months they wouldn’t think of wearing, all these in the name of fashion? Owning mansions are far better.

Dear friends, to be in vogue asset wise, one must forfeit in the present being in vogue fashion wise. Though, the above conjured picture might not be befitting for the extra-ordinarily wealthy folks. But, for hustlers (let’s not deceive ourselves, we all know our individual financial worth) cut your cloth according to your coat. You need not indulge in charlatanism.

Dear friends, modernization should not erode or corrode our sense of financial moderation. Not in a dispensation witnessing a phalanx number of white collar salary dependants whose entitlement and grants are sometimes mortgaged. Self-discipline should overpower self-indulgence: flamboyance and outrageous elegance!

                 

Hmmn! It’s important we ensure our self-discipline subdue futile self-indulgence!

>>> Hope your popcorn has some crumbs left ‘cos we’re almost there. Stay glued!

Viewing from a rather pessimistic but probable lenses, one ought to consider one’s future independent survival if perhaps disengagement from official duty come calling. A caveat: please don’t label me a prophet of doom. The dynamism of life necessitates pro-activeness and pre-planning.

Dear friends! It’s important to be alert of the tricky and imbalance swings of fate and corporate realities that lace the moment. Pre-active planning makes you anticipate an unfavourable financial condition and consequently makes strategize ways as to manage such situation if it eventually comes. But as with most things in life, the healthy place is always with balance in the middle. It’s also important we alongside optimize our mind with optimistic thoughts that gloom or doom won’t be ours. As a man thinketh….

Excusably, some might claim that theirs is an insufficient income. But to be realistic, give someone with an average income but, no savings or investment acumen a hundred percentage raise of what he incumbently earns and you won’t be astonished should such a person repeatedly complain of monetary insufficiency some months after. The reason is not far-fetched: Such an individual expands his or her expense on liability (mostly wants) as income fattens.

Dear friends, to move from the inglorious basement of squalor to the pedestal of glorious splendour, it’s pertinent to incorporate in oneself, an investment mentality. This mentality engenders putting money in stocks, bond, intellectual investment, entrepreneurship, appreciable assets and real estate. Yes, real estate! “It’s the only real investment.” says a Wealth creation agent and a Life coach, Olumide Emmanuel during a motivation section sometimes last year in Lagos.

 “Real estate is a trans-decade and an ever-appreciable investment of all times especially in a dispensation where the need for shelter and habitation is on the crescendo. Fools waste money. Average people spend money while wise people invest money. Isn’t it surprising how the worth of lands in areas that could hitherto be plausibly described as rural or less cosmopolitan in pre-millennium times rose miraculously to jaw-dropping rate as a result of urbanization?” he said.

Dear friends, to invest in the earning stage of life is to harvest handsomely later in the turning phase when the bones will be too creaky and too tired to jump from here and there in pursuit of daily bread. Such a life of foraging for needs right from the day one of the diamond jubilee years is what could be unambiguously described to be a life of unfulfilment. Such a life of active hustling and struggling in the dawn of the sixties I know is not one that is desirable by any rational, insightful and foresight individual.

The pathway to wealth is none other but shunning financial prodigality (the purchase of frivolities) and embrace financial frugality (investing in assets).

I’m @Imodoye_1 on Twitter

Thanks for the read. Enjoy your day and:

 ...Kip da Optimism Alive!