Being African , I should be disciplined in the way of paying CASH for everything, and I mean ery'thin. But no , I veered off the road and became an 'Americana' and got myself into some stupid stuff .
Most of Africa is a CASH market , the cars you see is paid for in CASH and the houses . How many people in other countries pay CASH for cars and houses ? What you see is paid for with good hard cash in Africa . How many people can say that in the rest of the world ?
There are so many opportunities even in the Congo's , and other African countries , Africa is the future market and the Chinese should not be the only people investing .
So why the change ? Why do people decide to use credit instead of saving up to buy the things they need ? Should the credit card companies be blamed for their marketing campaigns or should the consumer be the one responsible ? Should both parties be equally responsible ? Or should the blame be more on one party than the other ? Could it be a mental disease ? Or is there another explanation for it ?
I contracted the "I Can use Credit to buy anything and everything" syndrome and my first stupid mistake was buying a brand new mitsubishi galant . Anyways , Dave Ramsey has taught me a lot when it comes to debt and finances and I have decided to share it with the rest of the World .
I know in the coming decades, when African countries begin to become more independent , Africans are going to follow the same course . But I am hoping its people are going to learn from this and not let history repeat itself in the continent. Enjoy the video !
Share your thoughts or comments :=)
