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Why Saving Is The First Step Towards Financial Independence
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[QUOTE="moonchild, post: 222775, member: 57467"] [USER=27389]@Finger Geek[/USER] very apt submission. We often confuse savings and we give ourselves unreasonable excuses like we don't make a lot or I'll start saving when I start earning a lot of money, which never happens. In today's culture most people want to keep up with Joneses, what that means is, they always want to do anything that the crowd does, for example in Nigeria today, there's an iPhone craziness among the youth, where your esteem is measured based on the phone you have and if you don't have an IPhone to most people you're broke and don't worth much. These are one of the reason most people think they need to have the latest things to accord respect forgetting that respect is earned not bought. Anybody with this sort of mindset can hardly save, because before even the money get to them they have already budgeted how they will spend it. What I realized is, if you want to have financial independence you have to be willing to do defy the societal norms and do what's best for you not what other people think of you because at the end you would be the one that will suffer the consequences whether good or bad. [/QUOTE]
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Why Saving Is The First Step Towards Financial Independence
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