Why Do You Deem Your Cashflow Too Small For Passive Income?
A lot of people do not like the concept of growth because they find it tasking, challenging, and too demanding, while this is relatively true, it's become even more emphatic, because of the external influence of the internet on quick wealth, short cuts, quick money and less emphasis on long-term, building or even hard work.
There was this fling I had a long while ago, she was into buying expensive clothes and eating expensive food, funding an expensive lifestyle from a rich ex-boyfriend while having no means of active or passive income.
Because of this, I suggested she started buying HBD for 10% APY from whatever scrap of cash she could get while forgoing her expenditures on luxury goods or at least reducing it by 50%.
But is 50% half good or half bad?
In a nutshell, she found this rather difficult and ridiculous and insinuated that I was living a frugal life because of a future that wasn't certain.
But Is The Future Really Uncertain Or Are We Just Scared?
A lot of people fail to understand that the best way to survive in Nigeria is through passive income and the only way to organically do this is by building overtime especially when one does not have a huge cash flow.
One of the ways to survive, manage and thrive in scarcity is by living multi-minimally at the expense of comfort and luxury. It takes a lot of financial discipline to understand this.
A lot of people would prefer to maintain a wealthy lifestyle because it gives them external validation, some people even use this lifestyle to create an aura of fakery, especially on social media, but one thing they are most guilty of is always thinking that people who have managed to build a passive stream of income over the years are only "lucky and fortunate".
Lifestyle & Validation
However, this is wrong. These people they deem lucky have done so at the expense of their comfort, discipline, and great deprivation.
It's a difficult pill to swallow especially when we find it difficult to stomach the fact that some people had the same opportunity as us but they've done better over time.
In life, a lot of people do not know exactly when their financial status can fund their extravagant lifestyle, they rather do this from the active means of income, making it difficult for them to spare a little to grow another stream. It's difficult to create an applicable experience especially if all the experience a person has can only help them spend rather than invest.
Complimenting Financial Ideologies
A very interesting aspect of financial discipline that a lot of people do not pay attention to is the aspect of having a wife or a husband. It's imperative to always be with someone that compliments your good financial ideologies if not you might think that building wealth slowly or being disciplined is a waste of time or not necessary at all.
When I compared the life I was living to the one the lady I was talking about was living, it was obvious that I couldn't get into such a romantic relationship because I knew it'll ruin me.
Sometimes such relationships are uneducatedly tailored to mess up the essence of building. One of the reasons why people are given the same opportunity and some thrive while others fail is because of how creative some decided to be with the chances they were given.
To Ruin Or Build?
This is why getting into a romantic union might ruin or build a person financially. Now, some of the people we might deem to be rich are just people who you might have had the same opportunities with, and the only difference between you and them has been discipline and creativity.
Some people have mastered the art of multiplication with the little they have, while some are finding it difficult to do otherwise because of their mentality. It's important to be creative in the face of lack.
Sometimes we underestimate the resources we have and how far we can go because we naturally do not have that mental strength or capacity to wait for a long period of time to reap the fruit of our efforts. It's important to place necessity to the aspect of building slowly, establishing streams and being painstakingly detailing with the means we have at hand.
Interested in some more of my works?
The Intrinsic Propensity To Spend Money
Poverty: The Unwillingness To Spend?
A Scenic Bathroom Photoshoot
The Importance Of Having A Contingency Money Plan
Translational Value; What Is Your Worth?
Using Crypto As A Means Of Transferring Will
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