Economic expert, Jerry Afolabi has advised young people to sacrifice their luxurious lifestyles and invest in their future.
He said it takes a lot of sacrifice to create wealth for yourself and in doing so, you have avoid lavish spending and rather invest the money.
He was speaking to Kwame Tutu on Rainbow Radio 87.5Fm on how to start the year right.
Mr. Afolabi said wealthy people have sacrificed a lot in the past and their sacrifices have paid off for them today.
In his view, it does not matter the amount you will receive as a worker because you can save no matter the amount.
He said if we avoid the unnecessary spending and invest some amount of our earnings, we will create wealth for ourselves.
He said to avoid such unnecessary spending, you need to draw a plan for the month on how you use of your income. Don’t forget to set aside part for savings, if you truly want to become wealthy.’’