Planning & Insuring The Future: A Financial Pessimism?

Money is fleeting, this is why we need to keep it tethered to things, that could forestall permanence. This is because there's no stability to the value that money offers, while fiat money itself is stable, the value it holds depreciates with time. Numbers and figures do not represent value or worth, what it's tethered; the things it can afford, and the respect it can accord amongst diverse people might be what determines the worth and so does the purchasing power and how much we tend to treasure it. So most times when we plan for money, there are so many reasons we do so.

Humans are not eternal and do not hold a static value throughout their lives, this is the same with money but our responsibility and needs are. This means that when we choose to plan, we choose not to live in the moment and we're aware of how unsteady our financial Status can be. Nevertheless, planning too much for the future is often seen as being overly pessimistic by people who are not financially educated. Most of the actions we take at the moment create certain ripple effects and not planning towards them is leaving one's future to chance.

A lot of people have argued that the future is too distant for them to be worried about, while this is not completely false, I still think people tend to underestimate the bad things that can happen to them especially if they feel that problems only come to people who hopes for it. One of the most controversial financial decisions in Nigeria is writing and owning a will. Another one is preparing for major decisions like marriage or death. People are scared to address some iconic aspects of their lives that might make or mar them even when they know that these things are inevitable.

Fear doesn't take away certainty of events in our lives, it only makes us procrastinate towards them. Planning is most underrated and this is because it comes with details and a lot of preparations. In reality, growth doesn't come with growth This means that growing up doesn't necessarily mean we'll grow in other aspects of life. Just like having money would come with endless planning and hard work. Some people tend to think the future would sort itself and because of its omnipotence, they're powerless to change the course of their future. In this video, I talked about a different lifestyle that's mostly adopted by the rich.

*Firstly rich people love stability, safety, and good health care. Some people would spend a lot of money on security simply because they think they have a lot to live for and even if they acknowledge the Inevitability of old age, sickness or death, they try as much as possible to influence the degree of these things to affect their productivity so that they could live longer to enjoy the wealth they've accumulated. While this feels greedy, it's systemic planning which people should adopt to some certain extent. Some of the ways we can actually plan is by asking ourselves the right questions

The right questions often awaken us.

For example, sex is one of the most sought things, people pay money to have it, and people go into marriages to have it, but not a lot of people reckon with the fact that the underlying aspect of sex comes with planning for a child, it's future and even digressing towards other expenses. People would rather say children are from God if they're faced with how disciplined or how responsible they should be towards planning for them, this means we tend to shy away from the ripple effect of our actions, hoping it'll not bring financial catastrophe. We'll make bad investments in our lives, incur bad debts, and many more, and hoping these things wouldn't happen is foolhardy. In this video, I gave more details about this aspect

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