“When I was young I thought that money was the most important thing in life; now that I am old I know that it is,” that’s a quote by one Oscar Wilde and while a lot of people may disagree with that statement, we all know how important money is.
That said, who are you taking your money advice from as far as spending, saving and investing is concerned? Well, we have compiled a couple of priceless lessons and tips for you.
In a past interview with The Management, Caroline talks on the importance of money.
1. On living within your means.
“You get your first job and you want to dress like or out-dress the lady who has worked longer than you and has a bigger pay cheque. You want to drive a better car than her and live in an upmarket address just to impress your friends,” she remarked.
“When you start working, get in debt and try keeping up with the trends, you are not just wasting money, but your time and energy. No one cares and it saps your creative juices and stops you from focusing on the things that really matter and ultimately you get burnt.”
2. On earning
Want to earn a six figure salary on your first job?
The former Kiss 100 radio presenter revealed that, “I earn a modest salary. I don’t want to earn a salary that will make it impossible for me to be employed after I leave Radio Africa – a lot of people have never understood the concept of not pricing yourself out of the market.”
Interesting huh?
3. On making mistakes
Turns out she is not infallible when it comes to money matters.
“I have made many money mistakes. I should have bought less shoes and more land or property. I also wish I had lived beneath my means,” she says.However, she is doing that now adding that she can’t believe what she used to waste her money on.
“I wasted on the “so-called-finer” more useless things. I wish I had learnt to automate my savings – there was a time when I relied on willpower. I wish I had spent more time with the crowd that was sensible rather than with the “in” crowd that was wasting time and money.”
She concludes by saying that, “I wish I knew then that you don’t have to wait to be a certain age to dream or think a certain way or do smart things like investing. In our 20′s we have the illusion that “there is still time” no! the time is now.”
We all have the power to change our live through making the right money decisions.We learn from the mistakes we have made and those from others then we become better and smarter!Now is the time to review your career and money making choices.
