Posted on | June 20, 2013 | 2 Comments
When we spend, we hardly ask ourselves why we are spending the money and what we hope to achieve. We routinely misappropriate funds, because the mission is not defines. When use is not known, abuse (abnormal use) is inevitable. The money that comes into our hands and into our lives is for a purpose and is on a mission. Our job is to ensure the mission is accomplished. When we don’t know what the mission is, we give in to emotions and spend on impulse or habits.
Someone who is saving for the University or college will not be on the lookout for the latest model of the automobile or phone he is currently using, trade it to increase his bad debt portfolio and feel cool for a few months.
When you have a goal, back by a plan and follow through action, you deploy your resources accordingly. When you do not know where you are going, you simply take things as they come.
Have we ever stopped to ask ourselves why we are buying that thing now rather than later? What is the purpose of buying it now? How will the item move us from where we are towards where we are heading? Is that thing a necessity now? Can’t it wait a couple of years?
Someone said – if you own a Range Rover or Land Rover and have a landlord, something is wrong. There is nothing wrong in owning a Range Rover and Land Rover. The main issue is, are you spending with a mission? Is that the best use of your money right now?
Are you making progress financially? Are you where you ought to be financially?
If you have been working for ten years, and still depend on your salary to put food on the table, something is wrong with the way you handle money – Usiere Uko.
In Nigeria, when someone with a lot of money spends it foolishly, he is labelled ‘money miss road’. In everyday terms, it means the money has gone to the wrong place. For many income earners, this is their story. Most small business owners have no savings. They believe their business is their financial security, so they spend everything that comes in. If the business suffers a downturn, their standard of living drops because they do not have multiple sources of income.
There are no right and wrong answers when it comes to the issue of money. It all depends. It depends on where you are going, which reflects in your actions. When someone changes cars every two years, it either means he has the cash flow to support that lifestyle or he has no financial goals. Within that context, their actions are in order. If you find someone with a clear financial goal doing that, then there is a something wrong somewhere – often there is no complete buy in within. The spirit is aiming towards the goal while the soul wants it now and the body says why not? It is like a war effort without a Central Command (CENCOM). The army is doing its own thing; the Navy is considering its options while the Air Force is trying to figure out what is going on. Even with a CENCOM, you still have instances of friendly fire, e.g. Air Force jets bombing the Army’s tanks or troops on ground due to lack of communication.
When the mission is ambiguous, we often self sabotage and shoot ourselves in the foot. The next time you are about to give in to impulse, think back on the mission. Is this spending about to happen in alignment with mission and purpose or it is another case of money about to miss its way home, yet again?
Usiere Uko is a writer and bestselling author of Practical Steps to Financial Freedom and Independence, Available on Amazon.