Man Up with Simon
You probably already appreciate how important money is in this life — you may have heard a few things about it as well. That it cannot buy you happiness and it is the source of evil among many other things. While these popular sayings have some element of truth, I think the opposite is even truer.
Principally, money may not buy you love but technically, it can attract or create a conducive environment for affection to thrive. It may not buy you happiness but I think this is only because that shop does not exist. Technically, you cannot be excited about life if you always have to settle for the cheapest things or when you have to sacrifice on everything to get the bare minimum for anything. Truth be told, money is as important as the air you breathe.
Here are several things you need to know about money.
Money is not borrowed; it is made
Many young men have this annoying tendency of borrowing; they borrow from parents, siblings, aunties, sugar mummies — from anyone who as much as cares to look their way. This can only get you so much money, but for how long can you keep borrowing? How long do you want to remain a glorified beggar.
For you to get the money you want, you have to make deliberate steps. You should be clear in terms of what needs to be done and the expected reward so that you can plan for the things you want to do with the money. When you keep borrowing, you will always have to wait to see how much is given to you then you try and fit within what you receive. You need to get a stream of income.
Don’t eat the pie, grow it instead
At this age, the temptation to have the good things of life is high. You will always find your fingers itching to have the latest phone, designer shoes and watch. This is referred to as consumer spending and those items that seem so awesome are just utilities. They will only eat into your income and give you no returns. Avoid these like the plague because that thirst is insatiable. You ought to focus on growing the pie by getting things that can generate you more income or at the least safeguard what you have earned so far.
Consider investing and saving. If you invest Sh10,000 every month in the stock exchange, for example, you will have an investment worth Sh120,000 plus interest in 12 months, but the guys who will not have invested anything will have nothing to show for it. Invest or save the little money you have and in a year, you will have an even bigger pie to eat. Stocks are a good investment because you don’t have to be there to make sure the business is running. However, seek credible advice before investing. Co-operative societies, commonly referred to as saccos, are good avenues for saving because they give you easy access to essential facilities for investment such as credit.
The ant philosophy
When it comes to money, it is always advisable to adopt the ant’s philosophy. Ants think about the winter all summer and think about summer all winter. During winter, they appreciate the situation but tell themselves that it is not going to last forever. They look forward to the first day of summer. During summer, they don’t get carried away, rather they enjoy it and remember that it will not last forever — they prepare for the winter.