Former President Goodluck Jonathan’s Special Advisor Reno Omokri has stressed that when people get money, the emphasis shouldn’t be on flaunting their wealth.
He emphasized the significance of putting sustainability ahead of short-term enjoyment when it comes to financial gains in a statement posted on Sunday via his verified account on X.
The self-described “table shaker” wanted to teach people how to manage their money wisely and that money that hasn’t brought in more money through investments shouldn’t be spent.
He suggested that the majority of earnings be used to pay off debt, with the remaining portion going toward investments.
Omokri maintained that this strategy is far more beneficial than simply saving money, which he feels only serves banks and puts savers in a dependent position.
In his words;
“When you make money, the first thing you should think of is sustainability, not flexing.
“Money that has not regenerated itself should not be spent, otherwise your finances will degenerate.
“When you get money, pay your bills and then invest the rest. Stop saving it. It is called saving because you are saving the bank and enslaving yourself. Buy stocks and an ETF, and put some money into a REIT.
“One of the biggest myths is that you need plenty of money to buy stocks. False. You can buy fractions of a stock with whatever you have. Then, when the stocks start appreciating, you can start flexing with the profits.
“That is how to build sustainable wealth.”
Do you agree with Reno’s take? – Please share your thoughts with us in the comments section below.
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