Money is a universal thing binding all of us. Whether young or old. Just how different is our outlook towards money the older we get? Especially as men.
Let’s get into it:
1) Attitude towards savings:
20s: I’ll save when I have money.
30s: I’ll save when I have more money.
2) Retirement:
20s: I’ll worry about retirement later.
30s: Why didn’t I worry about retirement earlier?
3) Dreams:
20s: If I can buy a big ass house in Banana Island, I’ll die satisfied.
30s: Sweet daddy in heaven, please, let me just buy 2 bed room apartment in Ilupeju. As long as it’s my own.
4) Attitude towards spending:
20s: Latest gear – phones et al.
30s: My trusty Iphone6 still works fine. #Schoolfeesonmymind.
5) Wealth gauge:
20S: Latest cars.
30s: Do you have stocks? Do you have retirement funds?
6) Attitude towards shame:
20s: Spend money to save face.
30s: I can’t afford it. Na broke I broke, I no kill person.
7) Financial literacy:
20s: I don’t understand stock and investment options. How much do I even earn?
30s: Guys! Google is selling stocks with 0.0013 % returns under 5 years. If you buy now, you can retire at 40.
8) Budget:
20s: Food, miscellaneous, small turn up.
30s: Retirement funds. Money for doctor in case my back acts up…again. Money for the kids education. Money for midlife crisis.
9) Attitude towards gifts:
20s: Thanks for the watch, I love it.
30s: Thanks for the stocks, I love you.
10) Financial advisor:
20s: Your parents are always telling you to save money.
30s – You: Listen up, kids. Save your money now that you are young. Trust me, I know what I am saying. You’ll never have almost no responsibilities like this again. Everything is vanity.
