Don Jazzy, a Nigerian music executive, has offered his thoughts on why many young Nigerians, despite having substantial incomes, find it difficult to maintain wealth.
Speaking about financial practices, he blamed the tendency on consumers prioritising non-essential purchases over long-term value.
He underlined the value of accountability, pointing out that taking care of one’s family and making wise investments are important aspects of financial success.
Don Jazzy emphasised that even though he can buy luxury goods, he prefers to concentrate on more worthwhile endeavours. He urged young people to make investments in enterprises as well as in their own personal growth, including gaining information and abilities that may be used to make money.
He emphasised that developing capacity and making wise financial decisions are essential to maintaining wealth and cited educational opportunities like financial markets as a component of self-investment.
Read what the music executive said below…
“The reason Nigerian youths go broke after making a lot of money is because they spend on irrelevant things and things they don’t need
I’ve been blessed enough for a long time to be able to afford any car that I want or even to buy a private jet or whatever but I have more important things to take care of, I have family to take care of… I’d rather invest in other things. There’s nothing that beats investment, including investing in your own self, including going to acquire knowledge of something you can charge people for. Even the Forex I’m learning now, I’m investing in myself”
Watch the video below;