Life is not fair to anyone. What man amases from life is a product of his determination and resolve. This informs the chasm between the rich and the poor. Nobody is born rich or poor. What we give to life is what life throws at us. Specifically speaking, some individuals, especially at old age, do experience poverty. Why and how does this happen to them. In simple terms, the manner in which they handle all-important stages of their human existence immensely contributes to the excruciating financial conditions.
Human life contains three cardinal phases: early, middle and late. The early is the determining stage, which is called learning phase. This stage of life is the bedrock of man’s financial life. It is the stage characterized by freshness, vigour, acquisition of ideas and knowledge as well as skills. A stage when man goes to school to acquire knowledge and skills that enable him to be fit in the society where he lives in and respected among peers and mates. By virtue of the acquired experiences, man either secures a paid job or starts a personal business. In some cases, a combination of both is not impossible to be possessed by man.
Middle stage, otherwise known as earning phase is a juncture when man translates all the knowledge and prowess acquired in learning stage into pecuniary gains. This is usually made possible through salary or wage collection, known as renumeration, or profit making. The relationship between man and money is a decider of destiny in this regard. If money is wiser than man, a challenge emanates, but if man is wiser, financial security, financial freedom and financial stability will be guaranteed to the maximum. This is because a solid financial base must have been built through circumspect spending, meticulous strategic savings and investment portfolios.
The last stage is the yearning stage, which is in sharp contrast to the first one. It is the opposite of stage one, because it is featured with debilitating state, inactive and ineffective services rendered. This is a result of ‘wear and tear’ phenomenon. Retirement from active service takes place at this point. Man might be without any jobs. However, if man is jobless, it is an indicator that he has no investment portfolio whereas if he is business-inclined, he must have definitely appropriated business strategies and ideas acquired over the years. In order to ‘retire’ his retirement, he keeps the business going and money continues to work for him on this note. On the other hand, man who has no business investment portfolios might be confronted with poverty – stricken situations such as begging and dependence on others for survival. Embarrassment of old age may be inevitable. This can be avoided though.
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