The DEBT I Am Proud To Owe

I know you might be wondering what on earth could cause the FINTEL Coach to proud of being in debt. ?

Debt is one financial term that gives many people breathing issues and heart attack.

It is a painful reminder of the consequences of our poor financial decisions; our inability to utilize and maximize the resources in our disposal to meet our needs; and our financial dependence.

Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I’m the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans. – Robert Kiyosaki

Right from when I knew how to read, I had always hated the word DEBT.

It is not only undesirable, it gives you a hard time to pronounce it – why must the “B” be silent in the first place, Lolz.

Debt is not only a liability but also a license to psychological slavery, a killer of will-power and a limiting factor to what one can achieved.

I remember the days my family was neck-deep in debts so much that there were months that over 70% of our monthly income were used in servicing debts.

In fact, the last time my mum was forced to borrow to pay my school fees, I wasn’t very happy with her. I believe in learning how to fish instead of asking for fish.

It was then that I learnt that the thing with “bad debt” is that it forces you to spend your paycheck even before you see it.

It is sad that this is the exact condition that so many people find themselves today and it’s very devastating – emotionally, spiritually and physically. I intend to do a treatise on the issue of Debt Management anytime soon so as to help these families;

In an attempt to break free from the shackles of debt, I began to look for ways to augment our family’s income and cut down on our expenses.

To God’s glory, today, by living within our means and applying the principles of financial intelligence, we are now debt free!

However, with time, I discovered that in as much as I tried to escape the BAD DEBTS, I was running into a different kind of inevitable debt, the type I call GOOD DEBT.

Good debts are the debts I owe certain people in my life and I am under the obligation to pay them back in order to fulfill my purpose on earth.

These are the debts I am proud to owe even when I am working hard to repay them. They include my DEBTS to;


I was taught in Sunday School that the highest gift one can give God is one’s heart… Having done that, I still feel that I’m deep in Debts to God for all he has done and will continue to do for me. When I take a look at the Work of the Lord, I see many projects in church that needs be initiated and completed, many lives that needs be touched, the mission fields that are yet to be harvested and so on. Then I determined that if I must pay at least a fraction of my debts to God, then it must be at a price, “neither will I offer burnt offerings unto the Lord my God of that which doth cost me nothing.” (2 Sam 24:24). Meeting this price will require a lot on my part professionally and otherwise.


That she brought me into the world, that she changed my napkins, that she tolerated my stubbornness, that she brought me up faithfully and diligently in the way of the Lord, that she has denied herself a lot to single-handedly sponsor my education up to this moment…. I feel irredeemably indebted to her. At least she deserves a good life in her old age.


For being supportive of me and giving me a the right environment to learn and grow in, I owe them and their children a just recompense of reward.


I owe my children the best education money can buy. I owe them the optimum environment, resources, privileges and trainings that will enable them discover their true potential.

I don’t want them asking me, “Daddy, where were you when your mates were working hard to have a good life”. If they are going to thank me in future, I have to make provision for this very good debt now that I am young.


Needless to say much, she deserves a husband who is neither a slave to money nor his own job instead of having time for her and her family. She deserves a husband that doesn’t run into lots of Bad Debt. She deserves a man that does not go a-borrowing every other day to take care of the family. She deserves to look fresh and younger than her age. She deserves regular vacation and early retirement. Hence, I owe her a better and richer me.


It is obvious that in our society, there are lots of people who naturally cannot help themselves without someone giving them a Helping Hand – the orphans, the less-privileged, the disabled, accident victims, the widows and the poor. The Bible obligates me (and all of us)to ensure that these people do not have a reason to cry, for a drop of their tears is precious to God (Matthew 25: 31-46; Proverbs 3:27)

We are mandated to be the Voice and Hand of God here on earth to the needy. This debt to society places a huge burden on me to live my life to its full potential so I can be able to lift these people up.
Now let me tell you something special – that has to do with the major reason I am proud of these debts:

It is these “good debts” that keep me up at night – reading, thinking, strategizing and working my way towards financial freedom.

What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience? – Adam Smith


“It is the desire of everyone to be debt free”

Long before Government, banks and oil companies started owing salaries and sacking its own workers, I had dumped the archaic way of thinking that the Government or some utopian Blue-chip company owes me and will provide me with a high-paying job.

Listen up, No One Owes You Nothing!
The world does not owe you a dime.

Everything you need to succeed in life has been carefully deposited into you by nature at your birth.

You have to take your future into your own hands and utilize the power of leverage

I don’t know the kind of debt you are in – whether good or bad. I don’t know if you share in my own kind of debts. I don’t know if my little write-up has affected you in any way to think about ways of getting these outstanding debts settled.

Whatever you do, however you want to do it, strive to be debt free or at least start working towards being debt free so you can have all the time and concentration you need to work towards your financial freedom.


If you are at a loss on how to attain Financial Freedom, feel free to send me a message via Facebook messenger because I have discovered the best way to achieve this freedom and I am now in the business of sharing this solution to the world through my posts.

Drop your comments and questions below on what you think about debts.

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