Reno Omokri, former President Goodluck Jonathan’s special adviser, has said that when people make money, they shouldn’t think about flexing.
He revealed this in a statement on Sunday using his verified X handle.
He pointed out that rather than considering how to enjoy life, sustainability should be considered first when making money.
The self-described table shaker believed that money that hasn’t regenerated itself shouldn’t be spent in an effort to educate the public about money management.
He suggested that the money earned should be invested with the remainder being utilized to pay debts.
According to Omokri, this is vastly superior to putting money in savings, which he claims simply serves to benefit banks and enslave savers.
“The first thing you should focus about when you make money is sustainability, not flexing,” he said.
Spending money that hasn’t recovered itself will cause your finances to deteriorate.
“Invest the remaining funds after paying your bills with the money you receive. Don’t save it. Because you are enslaving yourself and saving the bank, it is called saving. Invest in a REIT and purchase stocks and an ETF.
One of the most widespread misconceptions is that purchasing stocks requires a large sum of money. 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 you develop sustainable wealth.”
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