How does family affect personal finance negatively?

Etini

Valued Contributor
Our society views family in very positive light as it is the origin of everyone. Anyone that dares to condemn family is often obstracized. But the truth remains that the very reason why some people are financially down is because they act sentimentally when it comes to their finances and family. So how does family affect finances negatively?

They take your productive time. Family responsibilities can eat so much into the time you are supposed to work and make money. It gets worse for those who are working for themselves. Family members always believe that they are not answerable to anyone and they should always be available when needed.

Secondly, family demands eat into the finances of young people that are trying to come up in life. Having to help out with family needs is the greatest killer of wealth potentials in Africa.

Am I saying that family should not be prioritized? No. But be cautious when dealing with family issues in relation to your work and finances as you might never attain true wealth if you use all sentiments to approach it.
 

niche

Verified member
Companies and government agencies usually treated married people , especially those who have children well, they have a better social status, make more money and often get away with fraud and lies. In contrast , in some countries, single professionals, investors especially older women are treated very badly, everyone is encouraged and rewarded for cheating, exploiting, robbing them. The problem is worst online, since government agencies refuse to acknowledge the time and money the single online workers, investors, though they are aware that they are hacking their computers to rob their data in a case of government slavery, which the mainstream media does not cover.
 
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