Being rich vs looking rich
Most people who build real wealth live quietly below their means. Here's how to handle the pressure to show off.
In the app: 2 lessons · 1 quick check
Key points
1. Wealth is what you don't see
- A long-running study of self-made millionaires found that most of them live well below their means: ordinary houses, ordinary cars, and a habit of saving the difference. The…
Wealth is the money you didn't spend. You can't see it — that's the point.
2. Owambe, aso-ebi and the pressure to spend
- Put celebrations in your Give & Family share, not in borrowed money.
- Set a yearly aso-ebi and gifts budget and stick to it.
- Say 'not this time' to one event a month — that's a cut you can save.
- Spend on what you value, not on what others will see.
The full lesson is in the Kopkad app
Worked examples in naira, quick checks to test yourself, and the step-by-step guide to doing it, free with your account.
Read more elsewhere
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Full lesson + tools in the Kopkad app
Track your money in Wealth Builder
Log income and spending in seconds, mark needs and wants, and see your budget update as you go.
- Full lessons with real examples
- Quick checks as you learn
- Wealth Builder tools to do it
Free to join. Find the lessons under Learn → Financial Literacy at app.kopkad.ng and in the Android app.