I woke up this morning to a credit alert of a surgery assisted 3days ago.... Yea I was on duty on new year day while everyone was home enjoying holiday although it was a relatively calm shift.
Rather than being euphoric knowing money entered my account, though a token, the feeling was the opposite. I wasn't sad, indifferent maybe. As long as money is being made, i know spending it is inevitable. I was hit with the memory of my needs. Not really my needs actually but our needs. From personal to family to siblings, everything went through my head in a flash.
I Initially went back to sleep but came back to realization. Adulthood is a scam they say, its true. Being independent comes with loads of responsibility but I enjoy the good feeling of seeing the result of my investment in people. There's a cool fulfilling pleasure that comes with it.
Nevertheless, having realized its actually our money, I must also save.
That is the only way i can pay myself otherwise, my income will be for everyone with nothing left for me. Earn, spend and save, balancing it all is the most important.
One way flow of income is not really encouraging especially with depreciating value of money. There must be multiple streams. With that, one can easily dedicate some earning to savings and investment.
Sources of income or its worth is not the most crucial thing but rather learning to save up something from everything is the key.
Algamish, the richest man in babylon once said
'I found the road to wealth when i decided that a part of all i earned was mine to keep'.
There are different formulas to spending ones income which includes savings. Usually ranges from 5-50% savings plan depending on the financial aim.
I usually target 40% savings of all that comes in after tithing it though I fall short of this most times.
Conventionally, saving up stores money for you and prevent you from spending it all but the aim now is to even generate more with the savings through investment.
Saving up in banks used to be the major way although this comes with some discouraging factors ranging bank charges, unfavorable returns, rules and regulations to instability of fiat currencies.
Fortunately, there are more options and worthy of note is the blockchain network and cryotocurrency at large. You can Comfortably stake your asset to yield great returns especially with stable coins.
Does this mean I shouldn't give or I should save it all for myself, no?
It is not meant for you alone. You belong to a family and a community. You have friends in need. Share some with them. Help people in need with love.
All I'm saying is that learn to always save.
Its another year and a new beginning. Don't spend it all. Set a financial target and do your own research on the best way to save and invest. Those big dreams you have had, Start making plans for them now. Believe me, the future is here already. 2022 promises to be great. Save something!!!.
Thanks for reading.