Consumption debt is a terrible way to live. The people you are trying to impress with luxurious living only owe you immediate applause, is that enough to enslave your family to penury when you are gone?
“I was Chairman of a very popular bank, and you would be shocked if I told you that many wealthy Nigerians, very big names, are living in debt while maintaining a lavish public lifestyle. Until they die, their families often don’t even know the true state of their finances.”
- Ibukun Awosika
Read that slowly.
Not broke people.
Not struggling people.
“Wealthy” people.
Debt doesn’t always look like suffering.
Sometimes it looks like:
• big houses
• luxury cars
• social media success
• public respect
But behind the scenes they have:
Overleveraged assets.
Heavy loans.
Cash flow pressure.
Image maintenance.
Income is not wealth.
Assets are not liquidity.
Lifestyle is not stability.
You can look rich and be fragile.
When you normalize debt to maintain status, you live dangerously because you stop building wealth and start financing perception.
Getting out of debt isn’t just about peace of mind.
It’s about:
• protecting your family
• building real ownership
• separating image from reality
• ensuring your success can survive you
If influential people can drown quietly in debt, what makes you think you have a chance with that pay day loan?
P.S: If you are in debt and need professional assistance to get out of debt. Get in touch.