We all want good things. We all want expensive things because the way the world is created is to make most things that are expensive valuable and durable, so people crave expensive things. The question is, can you afford it? Can you maintain the kind of expenses you want to put on yourself?
Life is an excellent teacher, and its lessons are inevitable. If your objective is to gather wealth by purchasing expensive things and premium items without considering their sustainability, you may eventually find yourself back where you started at ground Zero.
Many people overlook sustainability due to the perception that money will always be available, even if they lose their present job they will obtain a new one and that is why, people tend to disregard planning for their financial future like retirement, and fail to consider how to maintain their wealth and cover their expenses.
Living in a country like Nigeria, where the value of the Naira is continuously decreasing, we are facing a challenging situation with the increased cost of imported goods and expenses. The sustainability of our world is becoming more difficult to maintain with the rising expenses just imagine those that don't plan to sustain and pay for their liability, how will they survive?
If you are living in Nigeria, sustaining yourself will be difficult now if you are mainly based on your salary because the value of the naira keeps depreciating. That is why it is important to multiply our riches by investing. these enable us to avoid the sudden shock of economic crisis and help us to sustain our wealth and also pay for our liabilities.
Inflation in the prices of food and various other commodities is a common thing now all over the world. It is crucial to invest gradually and build a portfolio of assets that generate income, as it can help sustain and cover liabilities. With changing times, it's essential to diversify our income sources instead of relying on a single one.
Original picture by me
More from dwayne16
Instinct and knowledge the polar in making a financial decision
Greed: the unsatisfied hunger for money
Is it stupidity or manipulation
Analyzing the market is good for everyone in crypto.
Invest in what you understand.
Thanks for your time.