Finance is not a just a word it’s a lifestyle you can control your lifestyle by being in charge of your finance,
do you know that until now many people are living way below the global goal of living on more than 2.15 dollars a day which is projected to have become a reality by 2030.
the way the world is now, especially with conflict in most countries, amidst this global goal ukraine is one of the many countries where conflict has send many people back into extreme poverty snd sickness.
some sub-saharan country is experiencing economic sluggishness,lingering inflation, tough financial situation with piled up debt which has contributed to the decline of the economy from 4.1% in 2021 to 3.6% in 2022 and is expected to go down to 3.1% in 2023 which is not good for the country.
some countries have maintained their standard of living from time to time making sure that there is comfort, wealth, and necessities available for the citizens but many in the world are still seeking the quality way of living which is not often found.
happiness is the required day to day basis of living but many are just doing enough to get paid where they work but they are not really happy about what they do, and most time’s they get frustrated at work taking all thier problems to work and bringing all the frustrations home from work.
the biggest cause of this unhappiness in workplaces and homes is that thier responsibilities is growing more than thier income is.
even with the government creating jobs, many companies don’t pay up to par, many workers are leaving thier jobs in search of a better job or endeavor.
Fifty to sixty years ago one full time minimum-wage salary was enough to sustain a family of three but the case is different now even 3 full time minimum-wage salary is often not enough to cover the cost of living especially for the whole family,.
companies are loosing quality workers, there is a growing dissatisfaction among workers and people are quitting thier jobs at a high rate, even executives at every rung of the coperate ladder are quitting thier jobs, people are starting to look for alternatives or backups to be able to rake in enough money in other for them to maintain thier living standards not even minding a quality life.
governments are now trying to improve productivity and efficiency in the community.
some countries are more productive than others because they are already developed countries but developing countries especially in africa often faces low production rate which leads to the country depending on already developed countries for thier economic growth because much of the financial capital available in the country arrives from outside it’s border of which that capital may be called (fdi)foreign aid or foreign direct investment.
when a developing country partners with a developed country it bolster the economy of both countries by hosting foreign firms that provide jobs, increase domestic and foreign capital flows, and generate tax in superior currency.
i believe things can change before 2030 it’s only a matter of how much productivity and investment everyone including the governments are willing to bring to the table.
thanks for reading through this post.
