Two Financial Lessons I’ve learnt in 2021: To Sapa or not to Sapa

Isn’t it amazing how you say a sentence during a conversation with a friend and get some release in your chest telling you that you by yourself just cracked the root of your sour mood?

Recently, I haven’t been my best self when it comes to my personal finances. This year so far is the year I’ve made the most money and lost the most money. This is also the year I’ve had the largest accounts receivables (in normal parlance, debt/gbese).

“I wish I was wiser with money between February and April.”

That was what I said.

That was all it took for me to know why I had been angry with myself concerning my finances.

Maybe if I didn’t buy this or do that, then I wouldn’t be scrimping now.

I said this forgetting that a lot was outside my control. I couldn’t stop the policies made or business owners & investment companies not-wise financial decisions. I failed to remember that I am allowed to make mistakes.

So, cheers to making better financial decisions. Here are two financial lessons I’ve learnt so far in 2021:

  1. When your income increases, do not immediately increase your expenses. (I know you know this one but read it again and think about it)
  2. Big returns = Big risk. If you are not ready to take the risk, then continue to play it safe. But a time always comes, when you either take the risk or play it small and you will have to make a decision.

I had the head knowledge about Point 1 but was reminded of it in my friend’s podcast – The Candid Opinion Podcast. He put up different episodes on the millennial’s guide to finances. You should listen to it and part 1.

Listen below.

Tell me about the financial lessons you’ve learnt so far this year.

You can read my previous blog posts here.

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