Life comes with financial consequences when corresponding financial responsibilities are not expected, prepared for, and taken care of. Consequences in itself is not a negative "term" it's a situation of relevance which we should place adequate expectations upon, and when we don't, this is when the situation begins to look bad.
One of the reasons why people make money is because of consequences which come in various formats, sometimes we cannot tell the degree of financial consequences of our actions, so most times, instead of expecting it to be minimal, the only thing we mostly do is to prepare.
A person who is renting or leasing a house in Nigeria knows that cost will increase over time, however, the knowledge of this increment will not solve the problem. Although awareness is an important element in problem-solving, when awareness meets inaction it becomes severely counterintuitive.
So what awareness mostly do is set a motion, which leads us to make adequate preparations.
A lot of people often base their preparations on hope. However, in all my personal finance experience, I've come to learn to expect financial emergencies, while hoping they wouldn't happen.
Now my expectations make me prepare to an extent, even if I'm hoping they shouldn't happen. Hope should come after preparations, just like luck is more likely to be activated when we put ourselves in its path.
I recently lost my grandmother some days ago. She was already in her 90s and very sick, I knew we might lose her anytime and the financial consequences come in the cost of her burial.
The timing was bad because I lost my emergency fund burning my mum in July of last year. The reason why I didn't adequately prepare irrespective of the fact that I expected this was that I had already exhausted my emergency funds and I needed at least 14 to 16 months of minimal spending to balance my books.
When the most important tool (money requirements) aren't met, this is when we might experience the full height of negative financial uncertainty. Life is cruel no doubt, some people are not born in the most favorite conditions.
I have a very hardworking female friend who had no savings. When you imagine that she had no savings, you might originally think she was ostentatious and lavish.
This isn't true She saves her money diligently from her monthly income, but immediately her money hits her bank account, she had to buy her father's medicine, pay for the upkeep of her brothers, keep money for feeding and transportation/rent, sort out utility bills and pay for her father's upkeep. On the second day of the month, her salary is 98% finished.
While she's very hardworking and makes adequate preparations, she still cannot build a future with her income. This is a life anomaly,
It's like fighting different monsters and demons, it's only a matter of time before one implodes because we cannot go beyond our physical capabilities in the attempt to fight poverty.
For example, I have friends who earn quality salaries, but they cannot afford to buy good clothes or maintain a decent quality of life.
The reason is because of external financial obligations
The consequence of this is that when a person exceeds financial obligations within the means of their earning Capacity, they'll keep retrogressing, but the illusion that they're earning a decent income will remain.
Life and people can be insensitive and cruel. There are people who won't stop pillaging you until you have nothing more to give, these people come in the form of friends, colleagues, lazy family members with a huge sense of entitlement, the acquaintance borrowing money from you to live beyond their means and the regular people who would beg to maintain the cost of their fake lifestyle.
It's difficult to avoid people like this
.....and not having the emotional intelligence to avoid people as this comes with financial consequences.
However, we cannot take away these flaws, they're inbuilt in us and constitutes the main reasons why we're humans.
This is to also show that our sentiments, financial background, state of health, level of income, and living conditions are the main things that would determine if we can adequate survival internal and external financial consequences.
We cannot dictate the living conditions which we're born into. I've always bemoaned mine, it has limited me severely in life.
Nevertheless, this is where luck comes in. Some People are born lucky, others have to fight to be lucky, while some are born to never be lucky, we can never obliterate these default financial backgrounds, but through efforts, we might be able to change it.
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