[+PODCAST] HOW TO GRADUATE FROM FINANCIAL DEPENDENCE ON PARENTS

Responsible parents make efforts to train their, ensuring they have what they need in life. But it’s gets to a phase where the children should out grow dependence on parents. Unfortunately, many youths have gotten to that phase without a clue on how to make the transition. On Youth Mentor this week, I want to give you a clue on how to do it.

 You can’t remain dependent on your parents at certain stage in your life for your financial needs. The age of independence is largely dependent on you but I believe that once you are done with school, you are due to discontinue sucking the financial breast of your parents.

One of the key reasons you need to crave for and work towards financial independence on your parents is that you free them from the burden of taking care of you; especially when they have other children to take care of.

Peradventure, taking care of  ten more people like you is not a big deal to your parents because of the amount of wealth they have, graduating from financial dependence frees you to prepare to be a real man or woman.

The moment you take a step to take care of your self – make money, pay for your rent and eat, you take taken a very important step towards your full maturity and character development.

Maturity will come as you try something and fail and you continue trying. As you do this, resilience will be built into you character fibre. It will come as you negotiate rent with a land lord and consider where to pay for. It will come as you try you make money and get cheated. It will come as you make little money and try to survive on it without stealing.

Character development will come when you realise that the only way to eat for the next couple of day is my doing menial jobs; you acquire humility without trying.

Very importantly, you get the fulfilment of making the money you spend; believe me, there is a great joy you get from it. It’s not about the quantity of money, it’s about na me dey feed myself.

Now, let me show you what you can do to graduate from financial dependence.

Change Your Attitude

The starting point of graduating from financial dependence on your parents is changing your attitude. You need to change your attitude from, they are my parents and must give me money to They have tried, let me relieve them of financial burden. Once you succeed in doing this, you have achieved a major milestone in this graduation programme.

When you make up your mind, you start seeing opportunities and getting inspiration on how you can become truly independent on your parents or sponsor financially. You suddenly realize that you know plenty of Maths or English and there are people who have been writing GCE for six years for these subjects and you can teach. You will begin to see that your roommates were always grateful when you braided their hair for free on campus. Yes, your eyes will open to the wealth in your neighborhood.

Regulate Cash Flow from Your parents

Chances are that until now, you have depended on them for all your financial needs. One of the steps you have to take towards financial independence is to regulate the cash flow from them. Don’t ask them for money again and if they give you regular allowance, request a cut until you can tell them you want to be on your own.

[Tweet “I believe every human being has the capacity to make any amount of money, if they discover, refine, package and market their wealth magnet effectively.”]

If you can, severe the relationship entirely. That’s only if you won’t die as a result. LOL. It’s better to remain dependent and still live than do it and die.

So, continue to regulate the financial supply until you can stand on your own and take care of financial needs.

Turn on your Wealth Magnet

You have a wealth magnet in you! I believe every human being has the capacity to make any amount of money, if they discover, refine, package and market their wealth magnet effectively.

What’s the wealth magnet – Your talent! The stuffs God loaded in you when he dispatched you to the earth.

There is something God has deposited in you to create solution to people in exchange for wealth. You need to get it activated and sell to your world until you build great wealth. At first people may not recognise what you have to offer let alone pay for it. Show the stuff you are made of by charging lower price and delivering quality value.

Also feel free to work for free or collect stipend to cover your fare and launch until they respect and pay you want you truly deserve.

If you have parents like mine, they may be concerned; but explain to them that it’s crucial for your growth. I remember how my mother will be looking at me as if I have suicide wish. I didn’t. I just have made up my mind to be on my own, make money, pay my rent and eat. My two trousers, two shirts and one shoes were fine.

Please know that you may not wear the best clothes once you start this; but you are building yourself to wear any kind of clothe you want in future. So, manage your phase. Don’t mind a girl looking down on you. If a boy think you are not sharp because you are not making the big hairstyle or wearing the top perfume, don’t mind him.

You know my view about whether a girl like me or not? If any girls doesn’t like me, it’s her problem. It’s doesn’t affect my listening to Pastor Bankie or eating ayaraya azizi.

My dear, take the step to graduate from financial dependence on your parents. It’s in your best interest. It may not be easy at the beginning but it will get better with time.

P.S: For more on this topic, kindly listen to or download our podcast on this subject, Graduating from Financial Dependence on Parents

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