By Abdul-Fasaz Finni
Young people often face pressures from the world around them when it comes
to interacting with money. It is used for everything you want and need, can be
easily earned and just as easily lost, so it is important to know how to think
about money as early as possible. My goal is to convey my subjective opinion
on navigating these pressures healthily.
There are different sources of pressure.
Social media is a strong example; as the advertised intention of these apps,
like Instagram and Snapchat, is supposed to be to simply to network,
communicate and let your friends and acquaintances know how you are doing.
However, there is more than one way it is used, and one way is people
showcasing the best parts of themselves, with little incentive to show any
aspect of weakness. These pressures can impact self-worth by making you
feel like you do not work hard enough to afford their portrayed lifestyle, and
make poor financial decisions. This can even spiral out of control as people
may spend money to portray an unrealistic image of themselves. The potential
dangers in keeping up with unrealistic expectations can leave you spending
more money than you really have, leaving you worse off than you were at the
beginning. An example of this is an old friend of mine, who would notice many
people on his feed with expensive garments, which lead to him committing
fraud on his debit card, and he was eventually caught and got a CIFAS marker.
This lets financial institutions warn others that you committed fraud, and this
has ramifications like not being able to open a bank account, impacting your
getting hired and more. He had his marker for around 6 years and recently got
it removed, and he regrets it to this day. This further made me realise that this
way of earning is not aligned with my values and led me to look elsewhere,
which led me to tutoring.
With that being said, the best suited saying would be ‘comparison is the thief
of joy’ as it is only human to see someone going to a different country in what
seems like every 6 business days, but there is ample nuance that neither you
or I are aware of, which would completely change how you would see things,
therefore do not worry, focus on yourself and keep going.
Family expectations are another source, being compared to siblings or the
likes of cousins can pressure you to over-exacerbate yourself, ignore your
aspirations or well-being, just to match up with your peers. This could also be
due to cultural traditions, family stability or even educational investment.
These can impact self-worth by making you feel like a disappointment. With
this, I can see it being a much larger obstacle, as it can feel selfish to go your
own way when there are people depending on you or people who have literally
paid for you to do something, namely university. I advise you to be loyal to
yourself before anybody else so you always at least have one person in your
corner.
I must emphasise the importance of understanding personal values and goals
beyond simply making money as being true to yourself is what truly brings
fulfilment.
Financial literacy is integral to responsible money management.
In order to set realistic financial goals, you must understand your financial
situation as well as your values to know what you can do with how much you
have, what you want, should and need to do and consider your values when
doing so. It is very important to budget and track expenses as to only spend
what you need to spend so you have more money for the things that matter.
Below I leave some good available resources for financial planning and
budgeting assistance. As is said in the article, numerous financial topics are
mentioned—personal finance, saving and investing, buying a home, retirement
planning, the stock and bond markets, tax-shielding strategies, to name a few.
https://www.investopedia.com/best-resources-for-improving-financial-literacy-5091689
There is an importance of researching and comparing options before making
financial decisions, like loans or credit cards. I encourage you to seek
guidance from trusted adults or financial advisors when needed.I warn against
quick fixes, scams, and predatory lending practices.
For overall well-being, maintain a healthy work-life balance. Pursue interests
and hobbies outside of work for personal fulfilment. There are potential
dangers of burnout and neglecting other aspects of life.
Surrounding oneself with supportive friends, family, and mentors.these
networks can offer guidance, encouragement, and alternative perspectives.
The key takeaways are prioritising values, setting realistic goals, making
informed decisions, and maintaining balance. If you practise, try and believe in
yourself, then I truly believe that you can achieve personal goals and navigate
financial pressures.
Young people often face pressures from the world around them when it comes
to interacting with money. It is used for everything you want and need, can be
easily earned and just as easily lost, so it is important to know how to think
about money as early as possible. My goal is to convey my subjective opinion
on navigating these pressures healthily.
There are different sources of pressure.
Social media is a strong example; as the advertised intention of these apps,
like Instagram and Snapchat, is supposed to be to simply to network,
communicate and let your friends and acquaintances know how you are doing.
However, there is more than one way it is used, and one way is people
showcasing the best parts of themselves, with little incentive to show any
aspect of weakness. These pressures can impact self-worth by making you
feel like you do not work hard enough to afford their portrayed lifestyle, and
make poor financial decisions. This can even spiral out of control as people
may spend money to portray an unrealistic image of themselves. The potential
dangers in keeping up with unrealistic expectations can leave you spending
more money than you really have, leaving you worse off than you were at the
beginning. An example of this is an old friend of mine, who would notice many
people on his feed with expensive garments, which lead to him committing
fraud on his debit card, and he was eventually caught and got a CIFAS marker.
This lets financial institutions warn others that you committed fraud, and this
has ramifications like not being able to open a bank account, impacting your
getting hired and more. He had his marker for around 6 years and recently got
it removed, and he regrets it to this day. This further made me realise that this
way of earning is not aligned with my values and led me to look elsewhere,
which led me to tutoring.
With that being said, the best suited saying would be ‘comparison is the thief
of joy’ as it is only human to see someone going to a different country in what
seems like every 6 business days, but there is ample nuance that neither you
or I are aware of, which would completely change how you would see things,
therefore do not worry, focus on yourself and keep going.
Family expectations are another source, being compared to siblings or the
likes of cousins can pressure you to over-exacerbate yourself, ignore your
aspirations or well-being, just to match up with your peers. This could also be
due to cultural traditions, family stability or even educational investment.
These can impact self-worth by making you feel like a disappointment. With
this, I can see it being a much larger obstacle, as it can feel selfish to go your
own way when there are people depending on you or people who have literally
paid for you to do something, namely university. I advise you to be loyal to
yourself before anybody else so you always at least have one person in your
corner.
I must emphasise the importance of understanding personal values and goals
beyond simply making money as being true to yourself is what truly brings
fulfilment.
Financial literacy is integral to responsible money management.
In order to set realistic financial goals, you must understand your financial
situation as well as your values to know what you can do with how much you
have, what you want, should and need to do and consider your values when
doing so. It is very important to budget and track expenses as to only spend
what you need to spend so you have more money for the things that matter.
Below I leave some good available resources for financial planning and
budgeting assistance. As is said in the article, numerous financial topics are
mentioned—personal finance, saving and investing, buying a home, retirement
planning, the stock and bond markets, tax-shielding strategies, to name a few.
There is an importance of researching and comparing options before making
financial decisions, like loans or credit cards. I encourage you to seek
guidance from trusted adults or financial advisors when needed.I warn against
quick fixes, scams, and predatory lending practices.
For overall well-being, maintain a healthy work-life balance. Pursue interests
and hobbies outside of work for personal fulfilment. There are potential
dangers of burnout and neglecting other aspects of life.
Surrounding oneself with supportive friends, family, and mentors.these
networks can offer guidance, encouragement, and alternative perspectives.
The key takeaways are prioritising values, setting realistic goals, making
informed decisions, and maintaining balance. If you practise, try and believe in
yourself, then I truly believe that you can achieve personal goals and navigate
financial pressures.
Young people often face pressures from the world around them when it comes
to interacting with money. It is used for everything you want and need, can be
easily earned and just as easily lost, so it is important to know how to think
about money as early as possible. My goal is to convey my subjective opinion
on navigating these pressures healthily.
There are different sources of pressure.
Social media is a strong example; as the advertised intention of these apps,
like Instagram and Snapchat, is supposed to be to simply to network,
communicate and let your friends and acquaintances know how you are doing.
However, there is more than one way it is used, and one way is people
showcasing the best parts of themselves, with little incentive to show any
aspect of weakness. These pressures can impact self-worth by making you
feel like you do not work hard enough to afford their portrayed lifestyle, and
make poor financial decisions. This can even spiral out of control as people
may spend money to portray an unrealistic image of themselves. The potential
dangers in keeping up with unrealistic expectations can leave you spending
more money than you really have, leaving you worse off than you were at the
beginning. An example of this is an old friend of mine, who would notice many
people on his feed with expensive garments, which lead to him committing
fraud on his debit card, and he was eventually caught and got a CIFAS marker.
This lets financial institutions warn others that you committed fraud, and this
has ramifications like not being able to open a bank account, impacting your
getting hired and more. He had his marker for around 6 years and recently got
it removed, and he regrets it to this day. This further made me realise that this
way of earning is not aligned with my values and led me to look elsewhere,
which led me to tutoring.
With that being said, the best suited saying would be ‘comparison is the thief
of joy’ as it is only human to see someone going to a different country in what
seems like every 6 business days, but there is ample nuance that neither you
or I are aware of, which would completely change how you would see things,
therefore do not worry, focus on yourself and keep going.
Family expectations are another source, being compared to siblings or the
likes of cousins can pressure you to over-exacerbate yourself, ignore your
aspirations or well-being, just to match up with your peers. This could also be
due to cultural traditions, family stability or even educational investment.
These can impact self-worth by making you feel like a disappointment. With
this, I can see it being a much larger obstacle, as it can feel selfish to go your
own way when there are people depending on you or people who have literally
paid for you to do something, namely university. I advise you to be loyal to
yourself before anybody else so you always at least have one person in your
corner.
I must emphasise the importance of understanding personal values and goals
beyond simply making money as being true to yourself is what truly brings
fulfilment.
Financial literacy is integral to responsible money management.
In order to set realistic financial goals, you must understand your financial
situation as well as your values to know what you can do with how much you
have, what you want, should and need to do and consider your values when
doing so. It is very important to budget and track expenses as to only spend
what you need to spend so you have more money for the things that matter.
Below I leave some good available resources for financial planning and
budgeting assistance. As is said in the article, numerous financial topics are
mentioned—personal finance, saving and investing, buying a home, retirement
planning, the stock and bond markets, tax-shielding strategies, to name a few.
There is an importance of researching and comparing options before making
financial decisions, like loans or credit cards. I encourage you to seek
guidance from trusted adults or financial advisors when needed.I warn against
quick fixes, scams, and predatory lending practices.
For overall well-being, maintain a healthy work-life balance. Pursue interests
and hobbies outside of work for personal fulfilment. There are potential
dangers of burnout and neglecting other aspects of life.
Surrounding oneself with supportive friends, family, and mentors.these
networks can offer guidance, encouragement, and alternative perspectives.
The key takeaways are prioritising values, setting realistic goals, making
informed decisions, and maintaining balance. If you practise, try and believe in
yourself, then I truly believe that you can achieve personal goals and navigate
financial pressures.
