Why is that..?
There have been many incidents among some young entrepreneurs who have just started their business and have only gotten a meager profit from the results of the business they do, but they have changed their lifestyle to become hedonic and consumptive behavior which ultimately leads to the destruction of the business they are running. Hedonic behavior is often influenced by the friendship environment and sometimes when we have the upper hand it makes us arrogant and only friends with people who are at least at the same level or higher than us which further encourages us to behave hedonistically.
Actually, it is not a problem for someone to behave hedonistically. However, it needs to be underlined that it is not a problem when we are able to do that where the business we have already has branches everywhere and has big profits.
Don't let the business we have not run smoothly and the profits are not enough and also the business and personal needs are not fulfilled but instead you force yourself to behave hedonistically and consumptively
So we need good management of finances, so that our expenses are more regular. and never once in a while to put forward prestige.
Saving and Investing will benefit you when you retire, the wealth you have saved so far can be enjoyed when you are old. Life is not always about money, there are times when you also need to take care of your health, with money you can buy everything, but money can't buy health.