Debt is a state of owing money, favor, and gratitude to someone or something.
Some owe gratitude to birds who showed them pathways to their home when they were lost in a desert or wild forest. Most African villages owe gratitude to some animals for a good deed. That is why some African cultures they do not kill the animals that help them fight for liberty. Nigerian culture has kept a history of gratitude to our present generation to fulfil the vows.
DEBT is a state of owing money and modern slavery to humanity.
Financial Banks loan out to middle-class people for higher interest rates, in fact in my terms I called them Call Bank for Money(CBM). A wealthy man doesn't take loans, what he has is what he uses to grow and build other businesses. What I mean by a wealthy man is someone who sees the money at hand as a tool to start up whatever he/she wants to achieve rather than going through pain of slavery to banks, friends, family, and some lending institutions to pay debts.
Debt in Nigeria has ruined so many good relationships that took years to build. Even when you borrow for a good reason and didn't meet up with the agreed time, you will be tagged a borrower, and respect will be lost which matters to Africans especially, Nigerians. Gossip takes place anywhere you pass through.
Slavery begins when you work just to pay off your debts, you look emotionally downcast. Your soul becomes a slave to your flesh, but if you keep striving hard in the process for freedom, I bet you there is more in the sky if you will fly from debt. Most of the network providers like MTN, GLO, 9MOBILE AIRTEL allowed you to borrow airtime and data with their 15% interest on every #100 naira. Many Nigerians have accumulated airtime and data that they can not pay off so they decide to abandon the sim cards. I have #2000 naira debt on my MTN sim card which is now a big deal to pay. Every debt must be paid except forgiven by the lender, so I must pay. Don't buy what you can't afford with your cash. debt is a killer disease.
Do not borrow to buy any cryptocurrency, please, I think I should beg you with my knees on the ground before you beg your lenders for days or mercy in a court of law. Many houses, businesses, vehicles, and phones, have been seized because they couldn't meet up with the deadline. Some have collected loans because of weddings and couldn't pay early and their marriage didn't last. Christmas is approaching people will start to borrow just to please inlaws, children, wives, friends, and fiance(e). People have committed suicide because of debt and pressure from the lender which causes depression.
Don't embitter yourself with debts but be contented with what you have at hand. A wealthy man is someone that invests his time, energy, and money to achieve his goals bond over a period of time.
Stay safe from debt, and stay free from slavery,
Don't be in debt to exercise,
Don't owe anyone money, there is no financial freedom in money debt,
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Make your financial plans very well, spend your time well and energy and save for what you can afford with your savings. Don't spend out of budget.