Advice to all newly trained teachers who have just been put on GOG payroll.
It’s very exciting to be on payroll and get to see the face of payslip every month. That’s everyone’s dream right?
You see that chunk of money you’ve just received, spend it wisely because that’s the only time you are going to see a paycheck with that kind of high amount. From now on, it’s going to be the same boring relatively smay amount.
I am in no position to tell you what you should spend your money on but as a brother, I would advise you not to use it to join any network marketing. Don’t buy a car as a means of transport. Don’t spoil yourself and become used to living like a rich man. Your salary can’t cope with that lifestyle. People before you started that way and at a point they have to take loan to keep up the standard and finally there’s no room to take more loan. Avoid dashing out money to people like a sakawa boy. Give wisely.
Instead, payoff your debts. Get a decent room, get your basic necessities that can make you live a comfortable life. Eg. Change clothes, get a sizeable mattress, a fan, a television, and a smartphone. If there’s the need to for a means of transport, I would advise that you go for motorbike and not a car. Buy the rest of the things latter and make sure you have a plan. Avoid buying on high purchase if possible. Discipline yourself, save and buy it instead, it’s economical that way.
If you feel like investing in any business, take you time and investigate. Don’t just rush into it impulsively because someone said there’s profit in it. It has landed a lot of people in a tight corner. A senior colleague close to you can give a testimony to that.
Of course, you now qualify to take payslips Loans but, if you ask for my advice, I will tell you to run away from loans as far as you can unless emergency. Especially the companies that sends their agents around and sends you messages. In any case that you desperately need one for emergency, head to mutual fund. It’s better. If you are among a senior staffs who are excessive loan contractors, they are likely to influence you. Don’t listen to them. A lot of them are regretting but they won’t tell you. They are in a tight corner, living hand to mouth.
Those guys that comes around selling the loans, don’t give them audience. Repeat that after me. Don’t give them audience. They are SHS graduates who don’t know what a payslip looks like. They have never seen one of their own before. They have been trained to come and convince you so Convince yourself down before they come. They themselves have not taken the loan they are asking you to take. They won’t advice any of their family members to take that loan.
The same applies to the insurance company guys. The way they would describe the insurance packages to you, you would love it. But the truth is, 99% of them do not have any insurance policy with the companies they work for. They are only after the commission they would get if they sign you up. Even if it becomes necessary to listen to them, never and I repeat, never give out your details or fill any form with them. If you have any money to spare, go and increase your mutual fund instead.
Family pressure would start coming, be selective. If you use all you salary on them, they would turn around and call you useless if at a certain age you didn’t reach a certain standard. You are not operating a financial company, don’t borrow to people. If it becomes necessary, borrow the one you are ready to give away. Never use your affordability to take loan for anyone especially your senior staff or your in-laws. They won’t pay back.
Have an emergency account in which you put something small every month. Never withdraw from it unless it becomes necessary. It will save your life one day. Have a plan. I repeat, have a workable plan. Yoooo.
I would be here, watching from far. Experience they say, is the best teacher but experience of others in my opinion is the best teacher. This one errh, if you mess up, you go remain inside and you wont even use the experience to correct anything.
I’m still @Hon. Jerry Akporhor©
Manuelnewsgh.net
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