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“Wealth consists not in having great possessions, but in having few wants.” – Epictetus
Epictetus teaches that true wealth is not measured by material possessions, but by the ability to live with fewer desires. In many African cultures, the importance of community, family, and shared wealth is paramount, and focusing on what truly matters can lead to a rich, fulfilling life.
Focus on reducing unnecessary expenses and living below your means. Whether you’re in a bustling city like Lagos or a rural area, focusing on essentials and being content with what you have can lead to more savings and less financial stress. Consider investing your savings into income-generating assets like land, education, or small businesses, which can bring long-term financial rewards.