A man in debt is so far a slave

Posted in Blog
19/07/2019 Mduduzi Luthuli

Climbing out of debt has been one of the hardest things I’ve ever done, but it has also been one of the best.

I never realised what a physical and mental toil my debt was, until I was on the other side of it and had money in the bank. But, like hard lessons do, it taught me the most.

It changed me the most and improved me the most. Debt made me humble, less sure I had all the answers. It made me realise I wasn’t better than other people, as I tended to subconsciously think. It taught me I was just as, if not more, stupid.

Debt also gave me a new, lasting appreciation, for the sacrifices one needs to make, for frugality, for being careful with your scarce resources.

This isn’t meant to be a negative post, it’s a humbling one. I remember every day where I am now compared to last year and how quickly things can change if you try hard enough. When I open my eyes, which takes self-awareness and courage, I recognise the good fortune I’ve had.

I can be wealthy, if I allow it, when I decide what enough looks like.


Subscribe NowA monthly exploration of our relationship with money

Any fool can know. The point is to understand - Albert Einstein