Special Adviser to former President Goodluck Jonathan, Reno Omokri, has stated that flexing should not be what is thought of when people make money.
He disclosed this in a statement via his verified handle on X on Sunday.
He noted that sustainability should be thought of first when money is made, not how to enjoy life.
The self acclaimed table shaker, in a bid to enlighten the public on money management, opined that money that has not regenerated itself should not be spent.
He advised that when money is made, it should be used in paying bills and the rest should go into investments.
Omokri maintained that this is far better than putting it in savings, which according to him, only enriches banks and enslaves the savers.
He stated, “When you make money, the first thing you should think of is sustainability, not flexing.
“Money that has not regenerated itself should not be spent, otherwise your finances will degenerate.
“When you get money, pay your bills and then invest the rest. Stop saving it. It is called saving because you are saving the bank and enslaving yourself. Buy stocks and an ETF, and put some money into a REIT.
“One of the biggest myths is that you need plenty of money to buy stocks. False. You can buy fractions of a stock with whatever you have. Then, when the stocks start appreciating, you can start flexing with the profits.
“That is how to build sustainable wealth.”
Leave a Reply