Making money isn’t for showing off – Reno Omokri.
Reno Omokri, a former Special Adviser to ex-President Goodluck Jonathan, recently advised against prioritizing leisure spending upon receiving income. In a statement shared on his verified X account, he emphasized the importance of focusing on sustainability rather than indulgence when earning money. Omokri stated, “When you make money, the first thing you should think of is sustainability, not flexing.”
He further elaborated that money should be utilized to pay essential bills, with the remainder directed towards investments rather than savings. According to Omokri, “When you get money, pay your bills and then invest the rest. Stop saving it. It is called saving because you are saving the bank and enslaving yourself.”
Omokri advocates for purchasing stocks, exchange-traded funds (ETFs), and real estate investment trusts (REITs) as more effective means of building wealth compared to traditional savings. He also dispels the misconception that substantial capital is required to invest in stocks, noting that individuals can start with fractional shares. He advises, “Buy stocks and an ETF, and put some money into a REIT.”
This perspective aligns with Omokri’s previous financial guidance, where he has consistently encouraged investing in assets over mere accumulation of savings. In a prior statement, he remarked, “Don’t work for money to buy things. Work for money to buy assets. Then make your assets work for money, and then you can buy things.”
By promoting investment over immediate gratification, Omokri aims to guide individuals towards achieving sustainable financial growth and independence.
