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One financial mistake you must avoid
7K views
Apr 15, 2025
Watch this man explain one of the financial mistakes you must avoid at all cost. #nekenwatv
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don't make this same mistake that I made
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i look around me and so many people
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especially our young people are making
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this same mistake this mistake can make
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you poor
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forever this one single mistake many of
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you are making it it will keep you poor
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forever and until you break this barrier
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and avoid this mistake you will never be
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okay what was the
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mistake let me tell you tell you a
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story i joined Chevron March
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2000 wow how time flies
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that's that's many years ago that's
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24 years ago plus okay um so usually in
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those days I don't know whether Chevron
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still does that if you join the
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company they will give
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you a car
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grant that grant was enough for you to
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buy a
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car chevron gave me a car grant 6 months
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after I joined and guess what I did i
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went to the Chevron cooperative of which
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I was a member borrowed more money added
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to it and bought an
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SUV how stupid how could I
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have i
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did but I remember there was a wiser
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person who took his own money plunged it
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into an investment the the stock market
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was doing very good very well in those
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days and I was actually a late comer to
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the stock
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market 5 years later he offloaded his
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share and around that time there were a
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couple of IPOs and some companies were
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coming to market and they were doing
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really very well he offloaded his shares
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and bought a
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house bought a house from that car grant
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perhaps with a little more consolidation
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what did I have a car an old SUV in fact
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which I ended up selling because yeah
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you you use it first year second year
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you get tired of
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it so he had a house and I had an old
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car which I even had to sell
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off so do you see what that mistake is
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it's
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called lack of delayed gratification
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if you cannot delay gratification forget
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it i see many people once they make a
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little money maybe they do something and
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they make a little money online the very
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first thing iPhone 17 is it 17 or 18 now
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iphone 17 straight away i don't even
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know how much it is but it's in the
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millions now or they do a little job and
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then some money comes in first thing
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car delay
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gratification you don't have anyone to
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prove anything to and you don't have to
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be like other people because if you make
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that money today the that money can set
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you up for life if you invest it
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properly and then ultimately these
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things you want to have your investment
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can pay for it but once you get capital
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and you consume it immediately to buy
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these consumables that's
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foolishness but once you can cultivate
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that discipline of saving and investing
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at some point it is your investments the
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dividends of your investments that will
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be paying for those things
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passively that is what freedom looks
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like and feels like
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but whatever happens keep showing up
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because you have no idea what's coming
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your way next
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