It may look like we have made some progress but we have actually digressed. Many of us are doing exactly that with money and other aspects of life that directly or indirectly impact our relationship with money. PHOTO | FILE
What nobody may have told you is that your size of income or where you spend it has absolutely no reflection on how wealthy you are. It is the size of your bank account and assets that matters.
You started a chama (investment group) with some of your friends. You wanted to be the next big thing. You make your monthly contributions diligently. You did not anticipate that because of lack of structures and execution, your money would be sitting in a non-interest earning account three years later. Or you took out a policy for your child’s education.
You took a shortcut to Mombasa only to realise that the road is blocked. Then you have to spend more time going back to the main road to resume the journey. Not all shortcuts get you there faster.
Imagine walking 10 steps forward only to realise you have actually taken 15 steps backwards. Unfortunately many of us are doing exactly that with money and other aspects of life that directly or indirectly impact our relationship with money. It may look like we have made some progress but we have actually digressed.
It’s like entering a bus to travel to Mombasa only to realise that the bus you took went in the wrong direction and took you farther away from Mombasa. Here are some of the ways we go backwards but continue believing we went forward.
