Music executive Don Jazzy has opened up about why many young Nigerians still struggle financially, even after earning substantial income, pointing to poor spending habits as a major cause.

He shared this while on a ride with Habby Forex, where he spoke candidly about the need for financial discipline. According to him, a lot of young people spend money on things that don’t really matter, items they want, not necessarily what they need. He explained that constant spending on irrelevant things often leaves people broke, even when they are making money regularly.

Don Jazzy stressed that cutting costs is important, especially in a time when income may not always be stable or sufficient. He noted that some people earn, but still feel broke because their expenses are too high and not properly managed.

He went further to explain that despite being in a position where he can afford luxury items like expensive cars or even a private jet, he chooses to focus on more important responsibilities. He mentioned that he has people to take care of and priorities that require consistent financial commitment.

Beyond that, he highlighted the importance of investing money wisely. According to him, nothing beats putting money into investments that can grow over time. He encouraged young people to invest in themselves by gaining knowledge or skills they can monetise, such as going to school or learning a trade.

He also spoke about his own journey, revealing that he is currently learning forex trading. He described it as another form of self-investment, adding that whether immediately profitable or not, the knowledge gained will eventually turn into something valuable.

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