There is a country I know called Umuofia🤪
The emerging middle class break their backs to work hard everyday. When the month ends, their beloved Government will take up to a third of their salaries as income tax ,but that is not the problem, because tax dieer it is good🙂
What happens next is the problem:
1. Housing is unreasonably high in Umuofia, and the deficit is ridiculous, so to have any semblance of a decent but affordable accommodation, madam emerging middle class will have to move to the outskirts of town, very far away from her place of work.
2. After the government has taken its “fair share “ of her income as tax, the emerging middle class will still have to contend with very bad roads leading to their homes, hence are forced to buy a four wheel drive instead of a salon car.
3. The four wheel drive despite how robust they may be are normally stunned by the merciless nature of the pot holes on the roads of Umuofia and therefore requires frequent maintenance, eroding her finances.
4. The four wheel drive also consumes more fuel, a further dent in their finances.
5. Despite the income tax, the water provider doesn’t feel obliged to guarantee free flowing water to thier homes, So usually Mr. Emerging middle class has to buy water from private tankers to supplement, another dent on their finances.
6. Then comes the electricity provider, who claims the tariffs paid by the citizens are not realistic to guarantee quality service, hence transformers are overloaded among other things , resulting in very unstable voltages and dumsor,so madam emerging middle class will have to find money to invest in some generator, solar and even gadgets like voltage regulators just to have a semblance of quality and consistent electricity. This is also a major dent in their finances.
7. Then it comes to education, if madam middle class observes how pathetic the conditions of our public schools are, nobody has to advice her that sending their child there could be a major gamble of their future they might live to regret, so private schools are opted for, very expensive and takes a heavy dent on their finances.
8. As for Umuofia’s health service, their slogan is “ May the Lord save you if you solely rely on our health insurance. However if you can pay good money at a private hospital , you have a better chance of quality health care.
9. Umuofia’s emergency services when they are called upon hardly show up on time( I.e if they have “fuel “ to show up at all) If u need their service i hear you may have to buy some “small fuel”😭
10. Then there is the financial pressures from family and friends, who assume that because “woy3 bosome adwuma” you should be able to meet every financial fantasy they can dream of.
11. Now I hear Umuofia’s government wants to take more of whatever is left ( if any)of the income of madam emerging middle class, because they need it to provide the services they were supposed to provide with the first income tax they took. However, apart from madam emerging middle class and her few colleagues, the rest of the population are not paying their fair share of taxes , so now anytime madam emerging middle class sends some nokofio to her numerous dependents because of the dire unemployment situation in Umuofia, her beloved government will “punish”her with some more levies. In Umuofia, the tax net never gets expanded, but only tighter to the point of suffocating those who are already paying their fair share.
12. Though the government of Umuofia takes mandatory pension contributions from its workforce, there are rumors that USNIT(Umuofia Security& Insurance Trust) because of a series of consistent bad businesss decisions , those purported funds are not doing well at all, yielding annual returns that is way lower than even the treasury bill rate. If they don’t change their ways, they will soon operate like a Ponzi Scheme, taking the contributions of the younger generation to pay thier retirees because the retirees funds have been grossly mismanaged to non- existence. But this is not sustainable in the long term. There is likely to be an implosion at some point in the future.
When all is said and done, madam emerging middle class will retire, beaten, exhausted and broken by the very system she worked all her life to sustain.
So I say to you mr and madam emerging middle class: have a robust and ruthless financial plan, and stick to it without an apology, otherwise you will be surprised to notice that you have nothing to show for all your sweat and toil by the time you retire.
Please don’t retire broke, be wise, start your journey of financial independence today.
For now all I can say is God bless the homeland of Umuofia. One day it go be 🤪
#rolandoforispeaks
#corporatenosyguy
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