
Mambo Vipi Meshers,,
Some of the "bad" financial decisions you can make as an artist.
-
Taking a loan to fund a wedding. Simps and weak mamas boys get pressured and manipulation from their women to take loans to facilitate a one day fantasy event to fulfill a feminine ego.
-
Buying a vehicle you cannot afford to maintain. Cars are like women, you need to finance and maintain them. They don't add value to your life that much. They need monthly service and fueling. Instead of buying a car why don't you lease a land or start a business.
-
Getting a loan on behalf of other people i. e for a partner or a family member (it rarely ends well). Mostly happens to married men, taking loans for a woman to venture into useless venture.
-
Taking a loan because you are pre-qualified, not because you need it. Most artists take loans to waste the money in luxury and posh lifestyle. Many want to attract women using money which never ends well.
-
Investing in get rich quick schemes i. e that promise to double your money in a week or a few months. Artisteshave been swindled the most. There are these modern money schemes which promises you will be a millionaire soon. e. g pyramid schemes, Multi-level marketing, forex, aviator, fixed odds e.t.c
BONUS: NO money that comes easy, money is a reward after solving someone's problems.
There is also a difference between wealth and richness.
wealthy is silent and cool, richness is loud and clamorous.
Anything that is loud, it is bound to collapse and end.
No school will ever teach you this. Kuwa mjanja jenga life yako ya kesho mapema.
#moneymonday