The founder of Bills Micro Credit, Richard Nii Armah Quaye, has revealed that his growing wealth has made it difficult for him to spend a significant portion of his money.
Speaking in a video that has circulated on X, the renowned entrepreneur disclosed that he now spends far less than he used to because his net worth has increased substantially over the years.
According to Richard Nii Armah Quaye, he previously spent close to 20 percent of his income when his business was still developing. However, as his profits and wealth expanded, maintaining the same level of expenditure became impossible.
“I am spending below 20 percent of my income. In fact, where I’ve gotten to in life, when I started, I was almost around the 20 percent borderline — always within 20 percent and 19 percent,” he explained.
He added that even when he allocates a smaller percentage of his wealth for personal spending, he still struggles to use all of it.
“But as I go forward and my profit becomes bigger, now I can take 2 percent of my wealth, and I can’t even spend it,” he said.
From the footage circulating online, the businessman appeared to be speaking at an event held in what seemed to be a church setting, addressing a congregation about financial discipline and wealth growth.
His remarks have since sparked discussions on social media, with many users sharing varying reactions to the entrepreneur’s comments about wealth management and spending habits.