It's very painful when we realize that we have made a mistake but at a time when it seems like there is nothing to do again, its even more pathetic when it has to do with financial mistakes because it results to deep financial setback.
Just yesterday I came across a post made by a friend on social media, she was actually my classmate while we were in college so I will say I know how she started her financial journey.
Just few months after college she got a job with a microfinance company, of course she wasn't doing much than cleaning because she has zero experience of what the company does but that job was an eye opener for her.
After few months she came to me and ask me to apply for a job in same place, she told me that she's not just earning but learning as well, then i didn't understand what it means to get help from an expert to plan ones financial life, I told her I want to get a skill which wasn't bad at all but I should have done better.
How will I forget the first financial mistake I made, while in college my friend will always save something out of her lunch fee but me I will eat everything with the outlook that more is coming and self deception that am too young to save.
While working with the microfinance institutions as a cleaner an opening to invest any amount one had came out and my friend immediately used that savings she made while in college and invested it, she didn't really understand what she did but she believed that she has done something that will help her in the future, sadly I was thinking that she was stupid, I told her that the Money is gone, she never listened to me.
Fast forward to ten years she got a huge amount of money from that little money she invested, she got admission in an open university which allowed her to retain her work.
At that point I saw that I have made a huge financial mistake and I thought i have learned my lesson, but the future act of mine proved that I didn't really learn my lesson.
No amount is too small.
Savings is a habit that one have to study, it requires self discipline and self control, I lacked this quality so much while growing and this ha resulted to big time regret.
My friend started saving with less than $0.9 hive but today she's a millionaire because she started early and she gave exceptional attention to her financial life and she is enjoying the fruitage of her labour today.
I should have adopted crypto
In the year 2009 my friend told me about an airdrop and she explained that I will have to invest a little money to be part of the airdrop.
Crypto was sounding like a stranger to me, i didn't understand what people meant by wallets, blockchain and all the rest of them and I am still stingy with my investment then so I refuse to give out what is needed, i was scared of losing the little money I have, today I asked myself How was i expecting financial growth if I don't want to let go of what I have? No answer.
Just few weeks from that day my friend became a millionaire and I regretted it, I couldn't bring back the hands of clock to participate in the airdrop.
Grab it because there might be no second opportunity.
Then it occurred to me that I need to let go of emotions when it comes to making financial decisions and progress, I became so clear that I will have to take some risks if I really want to grow financially.
Its not quite long I realized the difference between earning and spending with growing money, one can only get financially stable when you grow money not from just earning and spending, its very important to grow a little from each amount you earned.
One more regret
Financial education is vital for anyone who wants to grow his or her finances, immediately I noticed that I have lost a lot, I quickly jumped in crypto investment without getting a proper education or training on it, in my right face I lost 100s of $ then it becomes done on me that millions can vanish when there is no proper financial advisor and financial educator.
I gave up so easily and went into my shell and my financial growth became stagnant.
I can tell you for free that all this years I never understood the importance of multiple streams of income and I never see multiple streams of income as the reason why some people grow faster than the other but lately I have also seen that as a financial mistake I made .
Looking back to how I have mismanaged my financial life, am to be blamed for my financial setback and I am feeling so sad about the whole situation, but I have started again, lets see what I can achieve in the next six months.
Photos are original please
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