Drip Footwear Founder Lekau Sehoana Shares The Importance Of Having Financial Discipline When One Can Afford
Drip Footwear Founder Lekau Sehoana Shares The Importance Of Having Financial Discipline When One Can Afford. Lekau Sehoana the founder of Drip Footwear took to Twitter to share some valuable advice regarding financial discipline. He pointed out that people should be able to not buy something even if they can afford it as it shows that they can control themselves and can handle having a lot of money.
The post read, “Just because you afford it, doesn’t mean you should buy it. The biggest Blessing is being able to Afford, not Buying. The biggest financial mistake i made when i started working was to buy a Mini Cooper even when the Company gave me an NP200 Bakkie and a Petrol Card. Worst thing”
When people reach a point where they are able to afford certain things but not buy them due to them being disciplined enough to not just spend money, they have mastered financial discipline as they will be able to create more value and accumulate more profits in the process. Sehoana also shared his worst financial mistake, he showed that buying something that you do not need even though you can afford doesn’t seem like a good option but saving the money would have been a better option as he would have more money.
Making savvy financial decisions can be very hard, especially when one comes from an impoverished background and they did not have access to financial education. This is why when they make a lot of money they spend it on things that are not going to create value in the future but spend it on depreciating assets that are not a necessity.
Hence it is also vital that one takes the responsibility to learn about money and how to use it to make sure that one doesn’t go back to being poor when they were well off. Sehoana showed that even though he didn’t need the Mini Cooper, he still went and bought it. These are the type of financial decisions that need to be avoided as they will not be beneficial in the long run.
