Here’s the thing. There are a few secrets that you really cannot hide.
Imagine the middle-aged person reading this note while you are heavily in debt. Some are oblivious of the risks of being in severe debt and merrily carry on with life. That is until. That is until the next random card dealt, is supposed to fit into the sequence. Alas it may not be the right card. Well, you were exposed to a lifestyle, or you were attracted to a lifestyle which your slightly inferior paycheck did not match. No one taught you much about budgets which revolve around cashflows. Your excuse that you did not do accounting at school does not amount to much. Furthermore, economics? What is that? The youth are most certainly ill-prepared for adulthood when it comes to the subject of money and finance. Of course, the youth of yesterday are now debt-ridden middle-aged people. Indeed, the cost of living is high with ever-rising inflation leading to recessions and apparently not yet economic depression. But true, financial woes can cause depression and you must guard against it. In families, it is better that husband and wife are in agreement to rein in debt. However, debt and financial issues often have a detrimental impact on marriages and families. For the not-so-young, it is never too late to learn, nor too early for those not yet in a full-time job.
Too many are quick to spend money on something glamorous, something short-lived and on medical bills. Spending money on education, self-development and wellness are, therefore, overlooked. The saying goes “short-term gain is long term pain”. Act wisely.
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