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Your income and assets will change from time to time. But debt – those repayments you have to make – those are constant. So in a time of economic stress when job cuts are inevitable, you stand a big risk of losing big time. The world is in trouble right now, and it is hinged on the way we have treated our economies; how we’ve abused energy and the environment. It is safe to say that if we don’t change, there will be massive repercussions for the next generation. But in your own space, get rid of debt. Don’t buy stuff you don’t need right now. Trust me, 2016 will be a year of assets stripping in a sense. Economies around the world will experience lulls. Energy prices hit record lows. And the environment will not deliver the kind of food security it used to. Study about how to stay afloat in this coming tsunami and most of all, get rid of debt.       Follow Nehi on Twitter @NehiWrites
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This article was first published on 17th December 2015

nehijesu

Nehikhare Omotayo Igbinijesu is an Economist, Poet, and Social Entrepreneur. 'He is the author of The Code: A Simple Story About Raising Great Women' and 'Marriage: 12 Questions You Need To Ask Before You Say, “I Do”'. He lives in Lagos with his wife, Akudo and two sons. He is Co-founder of Stuffsilos.com, a motivational resources company based in Lagos. You can email him via nehijesu [at] yahoo.co.uk

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