Media entrepreneur Chude Jideonwo has shared key lessons on financial management, encouraging people to prioritize long-term value over social validation when making money decisions.
In a recent interview, Chude highlighted the importance of investing in reliable assets that can provide security during challenging times. He recalled making a major financial move by purchasing his first home in Lekki at the age of 24 after receiving a substantial income.
He also shared a personal example of financial discipline, noting that he used the same car for ten years before finally replacing it. For him, a car was never a store of wealth, but simply a means of transportation.
Chude cautioned against letting social media influence one’s financial choices, stressing that online appearances can be deceptive and often don’t reflect reality.
“Social pressure is real, but it’s dangerous,” he said. “Don’t base life decisions on influencers or followers who might not even be financially stable themselves. You’ll regret it in the long run.”
He also offered a practical rule of thumb for purchases: “If you can’t replace it immediately if lost, you can’t afford it.”
In a time of economic uncertainty and rising costs, Chude urged individuals to be financially prudent and focus on sustainability rather than status.