Everyone wishes to be rich, of course, and this is mostly to live above one's basic needs while exploring their wants and being able to at least afford 50% of their desires but there are some specific people wishes their bank account can be to be fat and shapeless.
This directly means spending hugely without it having a negative impact or effect on their reserves or savings.
However, one's income must exceed their expenditures if one wants to live above inflation and still maintain their financial standing. Having money itself is a burden, I feel that having to make decisions is easier than the ignorance that comes with indecision.
Having multiple choices, being exposed to potential commodities, and merchandizing while having the money as purchasing power is not necessarily a good thing.
It's good to have money to activate any wants or needs, but sometimes, one's affordability will only last when they're activating it to take care of essential things.
Everyone in life has a level of affordability, and the higher you can afford, the more choices are unlocked for you. This is why we make some commodities, services, or comforts or needs even if they're only meant to be a luxury on the surface.
This means that the things we'd generally see as evitable or inessential can become the needs that are important to running our lives especially when the purchasing power is there to make it a possibility.
This means there are no differences between needs, wants, and desires just like studying conventional economics would imply as the only thing that differentiates them is being in a state of lack and having money.
What we might necessarily consider luxuries are the needs of others this is why people need to weigh their finances rightly, because this might serve as a limit to their discrepancies.
However, let us not dwell on the Disadvantages of scarcity and the sense of mental or financial constraints that comes with it. Sometimes, not having money saves us from spending on what we might not necessarily have the mental capacity to manage.
Many young people in Nigeria want to own cars because it's a status marker, it's a way to showcase class and even one's financial capacity and all these purposes come before the need for transportation, the reuse for Income, or even for business purposes.
So because their reasons to own cars are the former rather than the latter, it only means that it'll be difficult for them to afford maintenance which directly translates to the fact that they're not mentally capable to manage to own a car.
There's bliss in not being tasked with the responsibility to manage money even when some people would think they don't mind being tasked with being responsible for a huge amount of money. I know a lot of people who think that the ability to survive the economic situation in Nigeria is qualification enough to survive in any other country, but this isn't entirely true.
Sometimes being overseas can even be tougher but because of the urge for emancipation away from inflation, police brutality, lack of opportunities, and unemployment some people would prefer to leave even when they don't know the challenges that might lie ahead.
However, it's important to understand that there are responsibilities that become necessary especially when one's financial situation is changing and this is why people must strive to be mentally capable.
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