The secret all rich people know – never paying for items at once!

Over the past few years, many Nigerians have witnessed the decline in the Naira which has coincided with high cost of living as the cost of goods and services is at an all-time high.

It is therefore crucial to have a very well thought out financial strategy as a working-class person living in Nigeria.

We work hard for our money and as Nigerians we like the finer things of life, we like to live this life to the fullness because life is one! There is nothing wrong in that, if anyone says otherwise tell them life is one. The major question to ask is “how can you get the good things in life while living within your means and growing at your pace?”

If you live in any of the major cities in Nigeria, one of your biggest expenses on a yearly basis will be on your rent. A lot of times, when we pay rent, we need some sort of financial support or some advance because rent accounts for close to 30% of our yearly revenue.

Most times when you pay rent, other bills just overwhelm you like school fee for children, hospital bills, repairs at home – it can feel like the world is out to get you. We have not even looked at the nice things like vacations, fancy fashion and others to make you feel good – you therefore end up living from one bill to another.

The truth is all the expenses are important, but without a proper plan or support system, you can feel financially stretched. Over time I have come to appreciate the power of instalments. The most financially savvy and richest men know this, they hardly pay for things at once, especially big-ticket items.

Paying in instalments empowers a person to get more things done without stretching or being too low on cash. It is an important way to manage finances and should be used whenever possible.

That’s why I found and fell in love with PayWithSpecta. PayWithSpecta is a payment solution that allows you make a 100% payment of things you need while only paying for a percentage of it at the same time. How does this work? When you sign-up with PayWithSpecta, they cover the entire bill for your purchases, subject to your credit limit. This allows the merchant to receive 100% of the payment while you are only debited in monthly instalments

The ability to defer payments is one of the strongest pillars of some of the most developed banking systems in the world. It enables growth and innovation because you do not have to worry about making full down payments.

With PayWithSpecta, everyone can afford the good things of life without having to put things on hold. I see PayWithSpecta as the pathway to our deepest desires and a roadmap to achieving our goals both personally and professionally.