- Reno Omokri, Special Adviser to former President Goodluck Jonathan, emphasized that flexing should not be the norm when individuals make money.
- He disclosed this in a statement via his verified handle on X on Sunday.
- He emphasized that sustainability should be prioritized over enjoyment of life when making money.
Reno Omokri, a Special Adviser to former President Goodluck Jonathan, has emphasized that the focus should not be on displaying wealth when individuals acquire money.
In a statement shared through his verified account on X on Sunday, he highlighted the importance of prioritizing sustainability over immediate enjoyment when it comes to financial gains.
The self-proclaimed “table shaker” aimed to educate the public on effective money management, asserting that funds which have not generated additional income should not be expended.
He recommended that earnings should primarily be allocated towards settling bills, with the remainder directed towards investments.
Omokri argued that this approach is significantly more advantageous than merely saving money, which he believes only benefits banks and places savers in a position of dependency.
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.”
