Adache: Poor Financial Habits Keep People Trapped in Poverty
Funmi Ogundare A Lesotho-based Nigerian chartered accountant and author, Dr Sunday Adache, weekend, identified character, discipline and responsible financial behaviour as critical factors in overcoming poverty, saying access to money
Dr. Sunday Adache, a Nigerian chartered accountant and author, has emphasized that poor financial habits are a significant barrier to escaping poverty in Lesotho. In his latest book series, "Power and Might in Meditation," "Meditational Devotionals," "Cure Poverty Now," and "Unbelievable Sunday," Adache has combined biblical and spiritual principles with personal financial management models to address the behavioral factors that affect people's ability to manage resources and improve their economic circumstances.
Adache argued that money alone is not sufficient for financial stability, as many people remain trapped in poverty due to indiscipline and an inability to control their spending behavior. He highlighted that even high earners can struggle financially if they lack the discipline to manage their resources. To overcome poverty, Adache stressed the importance of mentorship, which should not only provide financial resources but also help individuals develop the capacity to manage money responsibly.
He urged people to view personal growth as a continuous process, comparing the human mind and body to a depreciating asset when individuals stop building on the foundation they started with. Prof. Stewart Mba, a book reviewer and President of CTAS Training Research and Consultancy Centre, emphasized that the books are not just informative but also practical, enabling readers to translate knowledge into action.
Mba also highlighted the importance of understanding the background, values, and track record of mentors to ensure effective mentorship.
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