Fight for financial freedom

30 June 2019 | Columns

Adolf Kaure

The Namibian economy is currently in a recession and it is a reflection of what is going on all over the world.

Many graduates are still jobless, sitting at home with their degrees, as various companies are attempting to cut costs by keeping their staff capacity limited.

In these tough times even those who have employment are ‘feeling the pinch’ as the cost of living keeps getting higher. Inflation is sky high and the fuel pump prices keep increasing every month which further impacts on the prices of food and other commodities. Salaries are not increasing at the same rate as inflation, with companies having to retrench workers in order to control operational costs.

It is a sad reality which needs serious attention as the only way the middle class can survive is by buying things on hire purchase or taking personal loans from the banks. A mitigating option for graduates who are sitting at home is to become an entrepreneur. Find out what the market needs and put out a good product or service in order to put bread on the table.

We have reached the age where we are required to not only seek employment but be able to create employment for others so that this high youth unemployment rate can decrease. Many people who have office jobs have to look at options of using their talents to make extra money. You can freelance as a photographer or do something on the side.

It is quite clear that depending on one income can be problematic as sometimes that income cannot provide for all the needs and expenses that arise. We also need to be willing to learn new skills. There are workshops that one can sign up for to that teach on various topics. We also need to be willing to teach others skills so that we can fight this vicious cycle of debt and unemployment.

Every cent helps in these tough economic times. We need to know the difference between wants and needs. There also has to be a level of contentment that allows us not to try and live above our means, compare ourselves with others and buy things which put us further into debt.

We can for example save money by walking short distances instead of paying a taxi, or taking food to work instead of buying take-aways.

The battle for economic emancipation is here and every person should use wisdom in order to prevail and win. Every person should empower himself to survive in these difficult times.

Similar News

 

Join us on our digital journey

1 year - 25 August 2019 | Columns

Gerine Hoff What you're holding in your hands right now – this collaborative Windhoek Express/Erongo newspaper – is our last printed edition.While we're a little...

The evolution of change

1 year - 18 August 2019 | Columns

Leandrea Louw Change is scary and as humans we're not very adaptable when it comes to change. Yet everything around us is constantly evolving,...

We live and we learn

1 year - 11 August 2019 | Columns

Iréne-Mari van der WaltThe great irony attached to most social movements of the 21st century is that, despite being aimed at pushing and broadening labels...

Out of reach

1 year - 04 August 2019 | Columns

Otis FinckAs the housing waiting lists keep on growing, prices for a place to live and call your own continue to skyrocket. The prospect of...

Penny wise and pound foolish

1 year - 28 July 2019 | Columns

Gerine Hoff While the renaming of streets in the capital continues un­abated – one would swear the City of Windhoek has spare change lying around...

The benefits of sport

1 year - 21 July 2019 | Columns

Adolf KaureI have practiced a number of sport codes including karate, golf, chess, soccer, tennis, table tennis and boxing over the years.There are a lot...

Life's simplest secret

1 year - 14 July 2019 | Columns

Irene-Mari van der Walt Advice on how to live a fulfilled life abound and are often pondered by both the self-righteous and the truly...

Learning the lingo

1 year - 07 July 2019 | Columns

Gerine HoffWorking in the written word industry, I was thrilled to see that Merriam-Webster has added more than 600 new words to their dictionary this...

Take care of yourself

1 year - 23 June 2019 | Columns

Leandrea LouwIt’s the middle of the year, and by now a lot of us feel overwhelmed, overworked, depressed and stressed.I found myself in that exact...

Coping with a mental disorder

1 year - 16 June 2019 | Columns

Julienne van Rooyen I always try to write from the heart, even though my writing has gotten me into trouble at times. What I believe...

Latest News

A closer look at chicken...

26th of January 10:00 | Opinion

Windhoek • Hanks SaisaiIn Namibia, chicken farming is an emerging venture that is on the rise, with a focus on producing table eggs and meat...

Fighting against hunger together

26th of January 09:29 | Social Issues

Besides causing a variety of devastating disruptions to livelihoods and economies worldwide, Covid-19 placed many countries in overwhelming levels of hunger, with the United Nations...

Exciting new opportunities for FemTech

26th of January 08:30 | Technology

DoBox and the Embassy of France announced the launching of the FemTech project to support the development of Namibia’s Female Tech Entrepreneurs.The project responds to...

New DAAD lecturer welcomed

16 hours ago | Education

The new lecturer of the German Academic Exchange Service (DAAD) in Namibia, Julia Gambadatoun, was welcomed by the Deputy Head of Mission of the German...

Nuwe asem vir Honda se...

17 hours ago | Motors

Kaapstad • Dirk GallowitzHonda het sy pragtige WR-V laat verlede jaar in Suider-Afrika bekendgestel met twee modelle, naamlik die intreevlak Comfort en ’n luukser Elegance...

Desert Classic winners head to...

17 hours ago | Sports

The Nedbank Desert Classic that took place at the Rossmund Golf Course late last year, attracted a full field of players that participated in the...

Nam boasts best roads again

19 hours ago | Infrastructure

For the fifth consecutive year, Namibia retained its position of having the best roads in Africa.According to the World Economic Forum’s (WEF) Global Competitive Report...

Go4Gold training programme kicks off

19 hours ago | Education

Despite trying times, Gondwana Collection Namibia is embarking on the third Go4Gold journey with twelve motivated and enthusiastic potential young leaders.This academy is structured around...

Groot planne vir jong skoolhoof

1 day - 25 January 2021 | People

Windhoek • [email protected] 1 Februarie, staan ’n jong vrou in groot skoene.Die 25-jarige onderwyseres, Tiandra Olivier, sal van volgende week die pos as skoolhoof van...

Load More