Nigerian influencer and entrepreneur Waris Olayinka Akinwande, popularly known as Ola of Lagos, has shared his unconventional approach to homeownership. Despite owning multiple houses, Ola revealed that he still lives in a rented apartment. This revelation was made during a recent episode of the KK Show, where he discussed his approach to money, property, and maintaining motivation.
According to Ola, he has never slept in any house he bought with his own money because he believes living in his own property could make him too comfortable. He deliberately chooses to rent, citing the responsibility of paying rent as an added reason to keep working. Ola mentioned that he pays ₦50 million a year in rent, which he uses as motivation to keep grinding harder.
Ola's comments have sparked discussion online, particularly due to the reported ₦50 million annual rent and his decision to continue renting despite owning property. His public image as someone who deals with luxury cars, properties, and high-end lifestyles makes his choice to rent surprising to many. Ola's approach is centered around maintaining financial pressure, which he believes keeps him focused on making money and pursuing new opportunities.
However, Ola noted that his approach should not be treated as a rule for everyone. He advised people to consider their individual financial situations before making major decisions about buying a house or car. Ola emphasized that his strategy depends on one's reality and encouraged people to assess their current situation before making similar decisions.
Ola also recalled advice from one of his online mentors, who told him that the first car he bought eventually helped him acquire houses. He mentioned that for some people, buying a car can be a stepping stone to acquiring more significant assets like houses. Ola's comments highlight the importance of understanding one's financial situation and making informed decisions.
While homeownership is often viewed as a sign of financial progress, Ola has chosen a different approach, keeping his properties while continuing to rent the home he lives in. This arrangement is less about whether he can afford to own a home and more about maintaining the pressure he believes keeps him ambitious. Ola's decision has generated interest and discussion online.
The influencer's comments have been published in various media outlets, including The Guardian. Ola's story has sparked conversations about financial strategies, motivation, and the importance of understanding one's individual circumstances. His approach to homeownership and finance has provided a unique perspective on maintaining motivation and making informed financial decisions.
Key points
- Ola of Lagos pays ₦50 million a year in rent to maintain motivation.
- Ola believes living in his own property could make him too comfortable.
- Ola advises people to consider their individual financial situations before making major decisions.
