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Why Saving And Frugality Is Not Enough, By Dr Oyedeji - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessWhy Saving And Frugality Is Not Enough, By Dr Oyedeji (410 Views)

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Why Saving And Frugality Is Not Enough, By Dr Oyedeji by shehuolayinka(op): 10:53pm On Jun 11, 2019
I am very big on frugality primarily because everything around us encourages us to spend like sailors. But I also understand that it’s almost impossible to “frugal” your way to financial independence. You must make more money by monetizing a rare, complex or unique skills.

Rare skill sets. Most people will NEVER make enough money to retire with make-up artistry, waitressing, cleaning/janitorial work, most art-based disciplines, music etc. In contrast, most software developers will make a very good living because their skill set is rare.

Rare skill sets. The adults lied when they said “follow your passion and you’ll be ok.” What they really meant was, “follow your passion on the side while building a career that can pay your bills.” Your bills won’t wait for your passion to click.

Rare skill sets. Art can also be a rare skill set. An exceptionally good musician also has a rare skill set. But the industry requires a combination of exceptional skill plus a good dose of luck. What if you’re the unlucky one?

Read more: https://thebelltimesng.com/2019/06/11/why-saving-and-frugality-is-not-enough-by-dr-oyedeji/

Re: Why Saving And Frugality Is Not Enough, By Dr Oyedeji by Larriekay: 2:26pm On Jun 12, 2019
shehuolayinka:
I am very big on frugality primarily because everything around us encourages us to spend like sailors. But I also understand that it’s almost impossible to “frugal” your way to financial independence. You must make more money by monetizing a rare, complex or unique skills.

Rare skill sets. Most people will NEVER make enough money to retire with make-up artistry, waitressing, cleaning/janitorial work, most art-based disciplines, music etc. In contrast, most software developers will make a very good living because their skill set is rare.

Rare skill sets. The adults lied when they said “follow your passion and you’ll be ok.” What they really meant was, “follow your passion on the side while building a career that can pay your bills.” Your bills won’t wait for your passion to click.

Rare skill sets. Art can also be a rare skill set. An exceptionally good musician also has a rare skill set. But the industry requires a combination of exceptional skill plus a good dose of luck. What if you’re the unlucky one?

Read more: https://thebelltimesng.com/2019/06/11/why-saving-and-frugality-is-not-enough-by-dr-oyedeji/
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