The world is plagued by scarcity and hence economics has become a practice of necessity. In the video, I talked about some of the life endeavors that exceed expectancy but yet we're always hesitant to undertake these challenges due to financial incapacitation. I stressed how most human challenges dwell on the scarcity of resources. I talked about some of these challenges and why people prefer to attain enough buoyancy before undertaking them.
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Listened to you video, you mention the level of ease in relation to travel comparing Nigeria and Venezuela, I do agrees with you on that, Nigeria is almost an outcast to the world there always that second thought dealing with Nigeria.
It keeps baffling me how the Naira has so devalued, I don't see it gaining value any time soon. Do you think we might see $1=N1000 in a year or two?
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We might see $1 equalling 1000 naira in two years time. The naira is toilet paper compared even economies who are in many third world countries. It's a whole new low for the naira and whatever backs it. It's a shit show here. Many just survive and feed of scraps.
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Yeah $1=N1000 is looking very likely because I don't see why $1 should be more than N50 in the first place, now it's like the Naira is on a mission to the south.
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1$ equaling 50 naira will only be possible if the apocalypse happens I don't see it as a possibility by all means.
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The amount of mental strength and will power needed to be an entrepreneur in other countries is insane. Entrepreneurship is a solution in other countries but not most African countries. Systems in the African countries sound like they have been made for people to get educated and work for the monopolies and governments that wont give back to the people but exploit them and enrich themselves and those close to them
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Well entrepreneur in general is demanding, but it's a different ball game in Africa. It's even more harder. It's why we have people who aren't willing to go Into entrepreneurship.
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One of the things that most young people are hesitant about now due to financial capacity is marriage and raising of kids, our parents do not understand how different things are in this period from their own time therefore making us feel it is important to get married as fast as we can.
I wrote in my last post about how expensive it is to raise kids, I see so many young enlightened people waiting until there is a greater level of financial independence before they proceed to procreate.
Well, money revolves around almost everything. Even finding love is expensive and comes at a price. This is probably why we're more inclined to establishing financial capacity. Money is important in almost everything and the fact that we can be hesitant about the things I mentioned. It's a sort of balance or reality check.
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Thinking of raising a family in Nigeria with the way the economy is can be extremely depressing. The cost of pregnancy and child birth alone is enough to scare anyone away from a family... I haven't even talked about the crazy responsibilities that everyone expects from you as a man in Nigeria.
Crypto has truly been a life saving way of earning a lot more to foot the bills.
The truth is, these manly responsibilities feels like a compulsion if not, a man might be considered a failure. What about the cost of even catering for an overzealous girlfriend, who's pathetically entitled? It's a tough country you be a man.
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An overzealous and pathetically entitled woman... I can't deal. She would never have been my girlfriend in the first place. I would run from such a woman as I would run from COVID-19.
It really is a tough place to be a man.
Well, you're right though. It's just that one can't be too careful. Needing ba woman alone is expenses, sometimes the pressure just mounts and you can't seem to know how to cope.
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Life just contains a lot of different choices and it's hard to decide especially when your finances are tight. I am not really married so my expenses are low but I think it would definitely be harder to generate wealth once I was married.
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Yeah, sometimes I've had to look at my own choices and how to finance them, it's even difficult when there's it becomes a compulsory necessity. In reality, I think we can always agree that there are financial embarkment that are bound to challenge us financially
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