He who loves pleasure will be a poor man; He who loves wine and oil will not be rich (Proverbs 21:17)
One of the fundamental keys to successfully managing your finances is successfully managing your personal character. Wealth is not merely a matter of how much money you have, but what kind of person you are. Give a man who loves pleasure one hundred shillings and it will be spent on what a hundred shillings can buy.
Give him one hundred thousand shillings and one hundred thousand shillings will be spent. He says give me a million and I shall be satisfied. So give him a million and he will spend a million shillings before he knows it.
A person who loves pleasure will always find new pleasures to spend their money on until it is gone. A poor person will only go broke at a higher level if you give them more money because they havent yet mastered themselves.
An amazing thing happens to a person who is ruled by his love for pleasure: no matter how much he gains, he finds a way to spend it.
A person who has not acquired wealth in his life will often say, if only I made this much money, I would be able to save and have no financial worries. However, as time goes by and his pay increases, he finds that he has no more money than he did before. All that has happened is that his expenses have increased to match the increase in pay.
In the world, we have those who make little and those who make much. No matter how much a person makes, if he loves pleasure, the money will be spent to the full and he will be poor.
There is no secret in this regard to those who acquire wealth. If you spend all the money you make you will have none to invest and work for you. The wealthy know that pleasures are fleeting, that their benefits are short lived, but that assets, lands, businesses, and investments produce returns and income that can provide wealth for them and others. Written by Danjuma Iliya.