Life comes with financial consequences when corresponding financial responsibilities are not expected, prepared for, and taken care of. Consequences in itself is not a negative "term" it's a situation of relevance which we should place adequate expectations upon, and when we don't, this is when the situation begins to look bad.
One of the reasons why people make money is because of consequences which come in various formats, sometimes we cannot tell the degree of financial consequences of our actions, so most times, instead of expecting it to be minimal, the only thing we mostly do is to prepare.
A person who is renting or leasing a house in Nigeria knows that cost will increase over time, however, the knowledge of this increment will not solve the problem. Although awareness is an important element in problem-solving, when awareness meets inaction it becomes severely counterintuitive.
So what awareness mostly do is set a motion, which leads us to make adequate preparations.
Hope will not solve problems
A lot of people often base their preparations on hope. However, in all my personal finance experience, I've come to learn to expect financial emergencies, while hoping they wouldn't happen.
Now my expectations make me prepare to an extent, even if I'm hoping they shouldn't happen. Hope should come after preparations, just like luck is more likely to be activated when we put ourselves in its path.
I recently lost my grandmother some days ago. She was already in her 90s and very sick, I knew we might lose her anytime and the financial consequences come in the cost of her burial.
The timing was bad because I lost my emergency fund burning my mum in July of last year. The reason why I didn't adequately prepare irrespective of the fact that I expected this was that I had already exhausted my emergency funds and I needed at least 14 to 16 months of minimal spending to balance my books.
This is why I said earlier that awareness is only an element in the process of solving financial consequences
When the most important tool (money requirements) aren't met, this is when we might experience the full height of negative financial uncertainty. Life is cruel no doubt, some people are not born in the most favorite conditions.
I have a very hardworking female friend who had no savings. When you imagine that she had no savings, you might originally think she was ostentatious and lavish.
This isn't true She saves her money diligently from her monthly income, but immediately her money hits her bank account, she had to buy her father's medicine, pay for the upkeep of her brothers, keep money for feeding and transportation/rent, sort out utility bills and pay for her father's upkeep. On the second day of the month, her salary is 98% finished.
While she's very hardworking and makes adequate preparations, she still cannot build a future with her income. This is a life anomaly,
One's financial background can thwart their efforts and attempt at liberating themselves from poverty
It's like fighting different monsters and demons, it's only a matter of time before one implodes because we cannot go beyond our physical capabilities in the attempt to fight poverty.
For example, I have friends who earn quality salaries, but they cannot afford to buy good clothes or maintain a decent quality of life.
The reason is because of external financial obligations
The consequence of this is that when a person exceeds financial obligations within the means of their earning Capacity, they'll keep retrogressing, but the illusion that they're earning a decent income will remain.
Life and people can be insensitive and cruel. There are people who won't stop pillaging you until you have nothing more to give, these people come in the form of friends, colleagues, lazy family members with a huge sense of entitlement, the acquaintance borrowing money from you to live beyond their means and the regular people who would beg to maintain the cost of their fake lifestyle.
It's difficult to avoid people like this
.....and not having the emotional intelligence to avoid people as this comes with financial consequences.
However, we cannot take away these flaws, they're inbuilt in us and constitutes the main reasons why we're humans.
This is to also show that our sentiments, financial background, state of health, level of income, and living conditions are the main things that would determine if we can adequate survival internal and external financial consequences.
Because of life's cruel nature, some hardworking people will remain poor
We cannot dictate the living conditions which we're born into. I've always bemoaned mine, it has limited me severely in life.
Nevertheless, this is where luck comes in. Some People are born lucky, others have to fight to be lucky, while some are born to never be lucky, we can never obliterate these default financial backgrounds, but through efforts, we might be able to change it.
Interested in some more of my works?
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This is very relatable to me too. The financial background we grow up in severely affects our life and chances of graduating from the survival phase. On the outside, we see people doing relatively good financially but in reality, they're barely keeping their head above water. Sometimes, even hope can be lost but we must keep moving forward and find ways to relieve ourselves from the unfortunate situation.
My condolences to your grandma, may her soul rest in eternal peace :)
A lot of people are lucky to have it very different with them. We cannot truly define or dictate the financial background we want to come from, but in reality, we're always fighting to be better if ours are not so good. It's a very relatable condition to everyone who didn't have a solid financial background, it's something that makes us struggle without really seeing the efforts of our struggles.
Exactly, it's a constant struggle to make ours better and possibly live a life of financial wellness where the lack of money is not the main problem in our lives. I think the more we're on the path, hustling to make ends meet, the higher the chances of luck finding us and changing our situation for the better.
My hands at my jaw as I read through this piece of writing of yours. My hand at that position is not that i like such posture but keeping reading my problems with tears and pain as well.
One minutes, one thought that one have money, next minutes, its all gone!!!!
Thank you. This situation is relatable to most of us in Nigeria, who have to struggle to redefine the conditioning of our lives.
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Thanks
This post really got me emotional, seems you just summarized my position. The environment frustrates the fair income making it difficult to even breathe in peace. Sometimes, I'm scared to even check on someone or open messages just like this morning. Well, I gradually learnt to say NO for those I could avoid and recently, I let my account remain red so whoever needs pictorial evidence can have it.
Thank you for sharing
You're welcome. I find myself in this position, struggling to make some people comfortable at my own expense. Sometimes, it's difficult for a man to talk about issue like this. There are people who have equipped themselves to take these responsibilities without complaining, it's counterproductive. Sometimes people work hard and cannot show anything for it, this is the main reasons why its so. I'm sorry, for your own situation as well.
Thank you very much. Someday soon, that luck would locate us. And sorry about grandma, may her soul rest in peace (Amen)
Exactly, it would. Struggling in futility is one of the worst things in life. Thanks for your well wishes and for reading
You're welcome sire
Financial conditions arent the same and it is a very truth of life.
Hope, your grandma rests in peace. Life's own burdens and short of money in dealing with many parts of it, keeps us active and more productive then others.
Some days, distresses are met and a new luck opens up,then life becomes manageable. Good luck ..
Life becomes manageable sometimes and some other times it just becomes unfairly unbearable, despite one's evident effort to make it better
Life is tough and it sucks to not have the emergency fund built up. I hope your grandma rests in peace and that your luck improves. There have been a few times when a bunch of unfortunate things happen back to back and it was very stressful. I hope things improve soon for you.
I do hope things generally improves for me, because it's been absolutely hectic. Not having emergency funds should be one of the most scary things out there. Thanks for your well wishes
In pidgin, they say;. Follow who know road.
Been updated and stepping out to work with wisdom is the only solution.
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You said something about hope not solving the problem and I think you are right to an extent.
A lot of people just hope for good things without working towards it. How do they expect themselves to be successful
This is more like me here. I sat down one day and estimated all I have earned on Hive and I was surprised how responsibilities have taken large part of my earnings while I keep struggling to save for myself. The truth is, I hardly buy things like clothes on myself because of the thought of my dad and siblings who are in school. Apart from that, there are those who would come begging which I might not be able to avoid but I learnt to close my eyes these days because I really needed to save more.
I used to say if I were born with a silver spoon, things wouldn't be this difficult but I hope for luck someday while I keep putting in more efforts. Sorry about your grandma. She has gone to rest.
At the moment, the kind of conditions that are going on in the countries of the whole world have become very expensive everywhere and the way we see that it has become difficult for a person to make a living. He has been reducing his expenses, otherwise man will not be able to live his life in a good way