Planning & Timing: What's Your Financial Capacity?
A lot of Nigerians are migrating to the UK and this often incurs social pressure on even the ones who do not have the financial capacity. To some people it's more of a fetish, to fulfill the "big dream" of leaving the country and there's no planning or structure behind this fetish. I mean, social media drives this outrage.
A lot of people do not know beyond the UK, that's because they know the pounds and euros, their main source of information is the internet and a niggling social pressure, to leave the supposed ground zero they're currently occupying in other to move to the next level. I mean, that's how people measure progress.
Moving countries is a definition of progress, without the factors of work, wages, bills, sustainability, capital, and other factors
But that's not all
I have a cousin who had this mad frenzy about going to Canada, he already had a flourishing business, but he wasn't quite thrilled with the returns, there's nothing wrong with this. It's normal for people to aim to earn more money, but he entirely lost faith in his business, he pulled out too much money trying to run the visa and all that and the lack of concentration dented the business, he began to mismanage the business and when he finally realized he needed even more money to move, he dumped the ideas and had no other option but to return to the dying business.
I think his passion to move made him underestimate the cost
But a job at hand....... Might be better than two one never has.
He saw a futility to the business simply because he ignored the structural aspect of things and in his strivings to move up the ladder, his actions have dropped him lower than his previous position. In reality, there's nothing wrong with correctly weighing our financial capacity, sometimes we have dreams bigger than our finances and while this isn't also bad, it's also important to understand that, timing is of great essence.
The ability to calculate the right timing to match our financial dispositions is something a lot of people are not capable of and if one is unable to weigh their financial capacity with their spending power. This makes them spend without completion, rendering them penniless halfway into achieving their goals.
Half-achieved goals are no goals at all,
......then it would have been better if they waited till they were better equipped. Patience is a financial value that many people lack in the course of running their life, the inability to measure time and money is why some aims to move forward but subconsciously move backward.
Nigeria for example is a huge contributor. The country's finances are capitulating heavily. The system keeps voting for the wrong people hence the weight of the economy keeps crushing everyone. For example, no matter how much you earn, and no matter how frequently your income increases, it'll still not be able to catch up to the rate at which inflation gallops per day.
This crafts a perfect picture of how the ship is sinking
.......but no matter how fast the ship is sinking, if one does not take the time to jump into the belly of the sharks, it'll be attaining destruction while aiming to run from one. This means that moving necessarily doesn't mean progress. This is why we should evaluate different factors in our lives, the urge to earn or live better has sent some people down the downward slide.
So unless you earn in dollars or have a business where you can easily achieve economies of scale. This already means that a lot of people know that the only way to salvage this is to abandon the sinking ship, but were they getting it wrong is that haste and pressure will never precede planning and timing.
We tend to overestimate our capacities when we're under pressure
Sometimes we cannot create mental perfection with time and money, there will always be bumps on the road and we might incur small failures along the way even if no one plans to incur hiccups and failures in their well-crafted plans.
At the end of the day, we're not bigger than what we are, if we do not match our big dreams to our capabilities and limit them to our original affordability, all we'll ever do in life is have white elephant projects and accomplish nothing in real-time. It's time to see "timing" as an essential area that you must develop In Your Personal finance journey
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It's so sad that, in Africa, we attribute moving abroad to success, forgetting about the risks it involves. It is obvious that, our leaders are disappointing but as you just stated, most people move to foreign countries without any proper planning and they end up regretting their actions.
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Well, I think Africa will continue being like this if we continue voting the wrong people in power. And we might endlessly see the migration to leave the country everything. Africans are the reason Africa might play catch up for all eternity.
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**When you discover you are riding a dead horse, the best strategy is to dismount. **
That is what fleeing a country is when stuck in a situation of not meeting up expenses.
Feeding a family is a different experience. When encountered with such a dead end, one feels helpless, and makes irrational decisions. But one has to take a bold decision for the rest.
The African continent is not a dead horse per se. The constant milking of it's resources and not developing it by the wrong people in power is the main reason why we're where we are today.
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Timing and patience are of great value we need to inculcate into our lives because if we aren´t careful, being in a hurry might incur damages and ruin many things for us. Being pressurized is a bad factor that must be taken away, so one would be able to focus and plan extensively.
So many people have the idea that without moving abroad, we can´t be successful as if there is a secret over there making one succeed as soon as one gets there. There is no place we can´t achieve success if we put in the right planning and time everything succinctly.
Nigerians would not see the need to improve the GDP of England, if this country was good, but it's election time in a month from now and some people will still vote in the wrong people and we'll keep suffering again and again. One thing about Nigerians is that they do not want to build their own economy. Running to England feels like the safest bet now..
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May God actually help everyone of us. I have heard many people shouting Nigeria is already bad and cannot be rectified. Who said so? These are people who wouldn't support in their own way of building the economy and to say the truth, we are damaging it more with this kind mentality and until we cooperate, this country will continue to be a mess.
Well, election is here and we need to vote for the right person. Perhaps, change can start from there.
Let's just be hopeful for a better president.
I agree and it's tough because those dreams can really keep people motivated but people need to realize that it doesn't come right away. It's a slow and gradual process. As for the voting for bad leaders, I think that is true almost everywhere. Either people don't know enough and they vote in the wrong people or there is something going on behind the scenes.
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The same reasons we see uncompleted buildings here and there. People rush into projects bigger than their finance, without sitting down to calculate the expense.
I have an uncle with exactly the same experience. He is a top pipeline welder in the company he works and makes far more than he actually needs. But the desire to travel, left him spending a fortune for 3 years in the hand of fake immigration agents. He lost millions within the time and eventually became frustrated. Thank God he never left his job.
So basically, I do not let social pressure to push me into something I can not completely handle financially. Its a two-way destroyer - you loose what you were doing before, and end up halfway in the new project.
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Many Nigerians are moved by the word "Japa" 😂, I have seen someone who sold all his properties just to Japa but ended up not making it thereby starting from square one in his business. Why not be patient and plan your life. ..I have come to understand that moving out does not actually means progress, however one need a deeper analysis before taking the decision.Making it in Nigeria is very much possible, to me I prefer to have more 💰 money to live in Nigeria but travel out to different countries any time of my choice. The pressure from the internet is too much and easily Influence many but by God's grace, I jump and pass 😉....ayam coming in peace 🕊️✌️, no rush!