Former Special Adviser to President Goodluck Jonathan, Reno Omokri provides incisive wealth management advice, emphasizing the need of putting sustainability ahead of rapid gratification.
Reno Omokri said in a recent post on his X account that while receiving money, the major focus should be on ensuring its sustainability, rather than indulging in lavish spending.
This mindset adjustment, he believes, is critical in establishing a secure financial basis.
Reno Omokri proposed that money be allocated intelligently, with a major amount set aside for paying bills and investing in assets with long-term worth.
He stated:
“When you make money, the first thing you should think of is sustainability, not flexing.
“Money that has not regenerated itself should not be spent, otherwise your finances will degenerate.
“When you get money, pay your bills and then invest the rest. Stop saving it. It is called saving because you are saving the bank and enslaving yourself. Buy stocks and an ETF, and put some money into a REIT.
“One of the biggest myths is that you need plenty of money to buy stocks. False. You can buy fractions of a stock with whatever you have. Then, when the stocks start appreciating, you can start flexing with the profits.
“That is how to build sustainable wealth.”
