Rich but always broke; some financial mistakes every young earner should avoid by Chike David

Rich but always broke; some financial mistakes every young earner should avoid by Chike David

INTRODUCTION

Like the elite economists rightly stated, our wants/needs are unlimited but the 
resources with which to satisfy them are scarce.
Over the years, man as an economic being has been in a continuous struggle to 
make ends meet. Many means have been devised, various strategies have been 
employed and a lot of principles have been developed and followed by many 
people, all in the bid to satisfy unlimited wants with scarce resources.
Indeed, some people have mastered the art of managing and also multiplying 
their resources, so as to meet more of their needs, whereas some others still 
struggle to draw the ends closer but the ends widen apart adamantly.
Given the same amount of resources, some people would manage to meet many 
needs as possible, whereas some others would always complain of not having 
enough.
 Being broke like always, could it be as a result of mistakes or just fate?
 What are the basic things one should do or not do in order to avoid being 
financially low all the time?
You do know that as humans, we have rights to certain freedoms- freedom of 
association, freedom of worship, freedom of expression…the list continues.
I suffice it to say that we also have an inherent right to financial freedom. Yeah! 
Call it the human right to financial freedom, if you like. It is not enshrined 
anywhere in any constitution, but it is a right we all should uphold and defend.
However, we have certain obligations in turn to fully exercise this right. 
Interestingly, if you are ever denied your right to financial freedom, you cannot

actually sue anybody but yourself. Really, you should be suing your own very self 
for illegal personal maltreatment and undeserved deprivations.
What is this financial freedom all about?
Well, let me make it very short. Financial freedom is a situation in which one is no 
longer limited financially, where one can now meet his/her needs with ease. I 
guess you can make a mental picture of the kind of people who are already at this 
level. Don’t you desire to get to this level? I am not there yet and I definitely want 
to get there someday
Meanwhile, attaining this level of being financially free is never by miracle, magic 
or by mere wishes. It is rather through a gradual process which we should 
diligently and consistently work at.
In a bid to becoming financially free, our goal should be as George Clason puts it, 
“to earn money, to keep money, and to make our money earn more money.”
What this book is NOT talking about
I am neither a billionaire who is trying to teach how one can become a billionaire 
nor a financially free citizen preaching to you about becoming financially free too. 
This is not another epistle of wealth creation where the writer dishes out 
principles which he has applied. It is not also a book about how to operate some 
magical money making machines for “bumper harvest”
So what is the deal?
I want to point you to certain personal financial mistakes {actions and inactions} 
which when left unchecked and uncorrected will plunge one into deeper financial 
hardship and other forms of embarrassments.
Some of these mistakes experience and observations have taught me are 
common with young earners. 
Truth is, we all ought to perpetually overcome every form of financial 
embarrassment in our lives. Of course, no one loves being broke every time.

Rich but always broke; some financial mistakes every young earner should avoid by Chike David