Money: The Shift In Narrative
The "money" lesson
I used to say that some of the best ways to learn about money is to have little in one's possession in terms of money while having numerous, in terms of needs to take care of. It's different from having one's means to be rightly proportional to their wants (to some extent). In this position it is difficult to learn how to cultivate some personal finance principles that might go ahead to become a signature in the life of a person.
While having little often limits how far one can go with their choices, It's better to have little or nothing, especially when one isn't really prepared for abundance. Another thing is that it forces people to bring their creative initiatives to the table to maximize the little they have. Everyone is faced with having their needs and wants to escalate beyond their budgets, plans or proportion, while still being in the same financial position. For example, one's wages can remain the same while they grow older, take on more responsibilities and have even more need for money.
Beating Stagnation
However, when this is this case, people are then forced to bring in their creative concepts in other to beat stagnation and take care of their escalation state of expenses. The system a person finds themselves can contribute to their financial stagnation. For example many jobs in Nigeria take too much time from people, it demands their attention and total concentration for a fee that's rather not worth it. This in turn makes it difficult for people to create or plan for a different stream of income entirely.
These jobs bring a form of stagnation, enslaving people to a static system that keeps that income streamlined to a certain figure while they're growing older and unlocking more responsibilities. It is these challenges that make many leave the system, irrespective of the fact that losing their tiny but steady income could mean that they could either recline into poverty or have their fortunes bettered. However, the need to earn more usually comes with different stages in life.
A System Built On Success/Failure
However, the need to leave an unfavorable system doesn't guarantee success, this uncertainty can make or mar people. At the end of the day, it takes carefully planned and crafted strategies to leave on financial position in search and hope for a better financial position. This is how having meager means often challenges people. On the other hand, it's different for people who are exposed to just the right amount of means to take care of their needs and wants to some extent.
One of the advantages of having money is that it makes people daring. It comes with an added advantage of being spoiled for all kinds of choices. However, in the society where I come, it's often difficult for people to be born wealthy and stay wealthy. This reason is because wealth is meant to be used, spent, converted or diverted and in these processes it loses its principal form. It's a psychological thing. Being born into Wealth, doesn't create more urgency to make more wealth, and this why it's difficult for the children of billionaires to replicate the success of their parents.
The Rigid Mentality
Sometimes, we see billionaire parents giving away their wealth to charity rather than passing it on to their offsprings. Most of the time, the reason is because they themselves understand the principles of making money, they have undergone the challenges, they have been in difficult position and managed to win big. Due to this, they will treasure their wealth, replenish and nurture it, but unfortunately these children won't have the same mentality because they (their children) were born into wealth, while they (the parents) underwent the rigid process of money making.
I often say, how difficult it is for one to make their money determines how they let go of it (spend). Being wealthy can come by inheritance, by luck or by hard work, but staying wealthy is sheer innovation and discipline. So at the end of the day, it's always better to pass through the struggle of growing wealth because, true wealth is in the owner and not the money in itself.
What matters More?
More so, it is necessary to gauge one's standpoint, I have never been rich, so if I were to become wealthy in the future, have children, how would I instill the structural mindset of growth into them without them having to feel that life is secured, and they don't need to work anymore? This is rhetorical, can't answer it, but listen. Technically with the advent of technology, sophistication is redefining the meaning of hard work, the winning mentality is about making smart choices over hard choices.
In the world we are, foundational development plays a huge role in one's mentality. This is why it's aiming to make more Money shouldn't be the case but aiming to give more meaning, more essence or even purpose to the things we buy, or how we tend to place value on them. However, this isn't a debate, financial achievements cannot be attributed to a lesson, a hack or a tutorial video. It's a process that a person can gradually create from a certain point to another stage. It's Important to pay attention to certain basics.
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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
@Josediccus, your brother-in-pen & heart
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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