Greetings to my esteemed friends on the Cent Platform, it's a new day and time to share my thoughts on business and investment for Young people. Stay tuned for my post, it's your friend @faquan saying hello from this part of the world.
Many young people often forget that the Home Office is the same while they make many financial commitment and promises to family and friends. Most young people are financially drained even when the income that comes to them can sustain them with the remainder able to invest for the future.
What's the Home Office? Contextually, the Home Office is one's source of income and this can lead to success or failure for such an individual. The question here is does meeting everyone's need around you or being generous a way forward to financial freedom.
Being generous isn't a bad thing at all but it brings a certain limitation to one's financial progress. Most a times, the money that comes to a young person should be targeted towards future investments and meeting with one's immediate needs but most of them make the mistake of using this incomes to impress their peers, most especially young ladies as if they owe them anything.
Once a young man starts making little money that brings him above his peers, the first thing that comes into his mind is to have a girlfriend and at some point multiple girlfriends. Nigeria where I come from, the average girlfriend feels that once she accepts your proposal you become completely responsible for her financial needs and at the extreme her wants.
While they meet the needs of their girlfriend(s) and squander their early fortunes, they regret at the long run for not investing the said money on businesses that'll bring more money leading to their financial independence.
I'm still trying to understand why most young people get some financial favors at an early stage of their lives when they can't manage their financial decisions. I think at that time most of them don't have any responsibilities except taking care of their needs which includes looking good and impressing their peers.
The Home Office and Future Investments Understanding that the Home Office is the same at the beginning is key to once financial freedom. What I'm saying here is that once you understand that your streams of income isn't changing, it'll lead you to invest aright. As grew older I realized that investing while one has less responsibilities is key to becoming financially stable in the future.
Most of the time, young people feel it's until they get a huge some of money that they can invest. Investments come in different shades and sizes and understanding that starting small is better than not starting at all. Most big businesses started very small and later made significant progress that people see and admire.
In conclusion, every income should not be for flexing alone but some percentages should be apportioned for investment and saving as well as flexing and enjoyment. Enjoyment makes the youthful days every memorable and this can be important for once future, but investing wisely can lead to flexing and enjoyment that will last once entire life.
Thanks for reading my post What's your take on the above topic? Drop your thoughts on the comment session.
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