Proverbs 21:20 NLT "The wise have wealth and luxury but fools spend whatever they get"
Prov 21:20 TLB version. "The wise man saves for the future,[d] but the foolish man spends whatever he gets."
I don't want to continue being a FOOL. This is my post COVID decision.
Are you the type who earns very good monthly, daily, quarterly, and still finds themselves broke. You live from paycheck to paycheck. Yeah, you aren't alone, so many of us are in this bracket, we aren't poor but in the long run, our money decisions will lead us to poverty.
One of the surest ways to poverty that is well known is to try and please people, who don't care and even know how you hustle to get that dime.
Poverty isn't necessarily a lack of money, it involves many things like lack of skill, not having the mind to see opportunities, always waiting to be shown the way instead of using the knowledge out there and within us to craft the way. There people who are so poor all they have is money, however, most times the money is consumer debt that they keep paying to rescue themselves.
During this Covid19 period, many people who have very good jobs or businesses have been caught on the wrong side of their financial decisions.
You will find 90% have been operating without emergency funds, it's probably because we think hard times won't come, yet history teaches us to rather be prepared other than just being there waiting for someone else to prepare us, you know even for the return of Jesus, we have to prepare lest we are caught on the side like the five virgins who had no oil left in their lamps.
In this time many of us have looked back and said, hey, "I wasted so much money on luxuries, I wasted so much money on trying to live the good life, now I am here and the vendor on the street who from her little earnings has made some savings or investment is doing so much better than me".
Don't be shocked when we get back to the new normal, and we see many of us indulge in getting quick loans to fix temporary problems. This COVID period should teach many of us, to manage finances well and be good stewards of it. We also won't be shocked to see people selling off land to fix a temporary problem, many times our problems are consumption in nature and not investment. This is an uphill battle that can be fixed but it will require a lot of learning and unlearning.
It would be good to sit and reflect on how you and I are going to get better. The first thing to do is to start getting financial education. You know education that starts with you desiring to solve a problem you have is the most liberating.
Elinor Sauerwein was a teacher and a cook. Her story is one of uniqueness, she did not have a high-income paying job, but at the time of her death, she had almost 2 million USD. A big chunk of her money was given by her estate to the SALVATION ARMY. One of the key things I have learned from her story is that she was taught never to waste anything, her levels of being frugal were quite extreme to a point where her neighbors thought she and her husband were poor but their sole goal was to be a blessing to the salvation army.
Many of us know what salvation army does if you don't look it up on the internet. So while we won't waste going forward, have a clear goal for your finances just like this lady I have written about. God bless.
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