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MONEY GAME: 3 Painful Reasons Why Spending Recklessly Hurts You More - Business - Nairaland

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MONEY GAME: 3 Painful Reasons Why Spending Recklessly Hurts You More by HameenAbdul(m): 2:18am On Apr 14, 2021
Money doesn't buy happiness but it can make you awfully comfortable while you're being miserable" - Claire L.


There's no denying the fact that spending is fun. We all want to buy Ice creams, spend 10k on data, eat out at every eatery possible,
have multiple chunks of meat on every meal we have, three Shawarmas at three different joints every evening, use 5k perfumes,
spend at least 2k on Suya, change our phones to a newer one because, well......we feel like it, eating six times a day and so on.

There's nothing particularly wrong with these things. The only issue here is that we are using the money we earned from actively working, i.e,
we are spending away the time and effort we gave in order to earn that money.

Before you get angry for trying to take away everything you love spending money on, let me explain.

See, it's not the things we buy that is the problem. It's the time and effort we're never getting back that holds the real issue. It's hard
to admit but spending money you earned from actively working is coming to bite you back.

You might ask, "How can spending REALLY cause pain?"

1) You Lose Your Happiness:
According to factual details about the relationship of money with happiness, M.J De Marco in his book, The Millionaire Fastlane, outlined 3 core pillars that our happiness as a human being stem from aside from the basics (food, clothing & shelter). Make just one error in one of these pillars and the resultant output will be gross unhappiness.

The 3 Pillars:
I. Freedom (Choice)
II. Family & Friends (Relationships)
III. Fitness (Health)

Here is how spending recklessly causes you pain:
When we spend, we lose money. When we lose money, we have less to meet our upcoming needs. When our needs come up, we borrow money to meet these needs.

Now, that money we borrowed, that debt, is the main chain holding our happiness down.

How can you be truly happy when the money you could have used to eat, you spent on an item you don't really need?
How can you be truly happy when you can't offer any help to any of your family member looking up to you for help?
How can you be truly happy when you keep falling sick from not eating well?
How can you be truly happy when you can't take good care of your self when you fall ill?
How can you be truly happy when you know half of the salary at the end of the month is going to Emeka whom you borrowed money from?

Can you decide not to go to work again when you have a lot of debt on your hands? Absolutely not. You need to keep working so as to pay up your debt. The lack of choice or freedom in deciding to take out a week to rest can cause one great unhappiness. Even more so, when one has to go to work despite being sick because you know your lender will show you pepper.

If your lender is an entity like the bank, no one will tell you not to go to work. Why? Because that bank will forcefully take what was once yours when you fail to pay up. When you keep working just to stay afloat, life becomes tasteless.

And tastelessness bring unhappiness;

You quickly begin to lose the drive for life;

You lose progress;

You lose direction;

You can't see your life progressing;

...and you lose hope.


2) You Lose Out On Critical Life Opportunities:
Take a moment and look around. Have you noticed that no one has the connection to choose one's parents or the country one will be born in? We all are not given the same amount of resources, connections or wealthy family members.

That is why it's very important you take advantage of every opportunity, leverage and resource at your disposal. We're very serious about this. For example, consider the training program on how to generate 750k per month online by Mr Toyin Omotoso, one of Nigeria's foremost coaches on personal finance, costs #45, 000. Spending recklessly makes you unable to take advantage of an opportunity like this. When you can't take advantage of opportunities like this, your chances of making more money becomes slim.

When you can't make more money, you can't live life the way you really want to. There is and will always be a limit to what you can buy, how many you can buy, where you can buy and for whom you can buy for.


3)You Lose Growth:
What do you think happens when you're making little money to take care of you and your family when you're soaked in debt when you have little to no savings or when you're beginning to hate your job? You simply don't make progress.
And in life, you're either growing or dying. Continually living like this makes one a slave to money and that cycle repeats itself until one decided to break out of it.

Learn this information and apply accordingly.

Till we meet again,
Your man,
Abdul.

Feel free to ask any questions in the comment box below and share this with anyone you feel might find it useful.

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