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WE MUST GROW UP FINANCIALLY
Financial maturity is measurable just like the phases of human growth. Either you are a financial child, a financial teenager or a financial adult, depending on how you handle finances. Note that there are adults who are financial children in the way they handle finances, just like there are young people who are financial adults in the way they handle finances. Allow me to describe these growth phases below:
Who is a Financial Child?
This is a person who behaves like a child in terms of their spending habits. They love to receive and spend money, but they don’t like to earn money. They don’t know the value of money, yet they feel entitled and they never really work for it.
Who is a Financial Teenager?
These are people who earn money, but they are careless spenders. Most of them use hard earned cash to feed addictions such as alcohol, drugs and sex. They also spend money in order to keep up appearances in terms of fashion, gadgets, phones and cars. And even when they are big earners, some of them still live from hand to mouth and they never really have proper assets.
Who is a Financial Adult?
A financial adult makes sure that all their money produces value. They are stable and they don’t have cycles of broke and…
