Afrobeats singer Akinbiyi Abiola Ahmed has admitted that he almost went bankrupt because of his extravagant lifestyle and poor money management.
Speaking in an interview with YouTuber Korty EO, the singer said he spent too much money too quickly after becoming successful.
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According to Bella Shmurda, he used to buy expensive things, which he later realised he did not really need.
“I used to have a lot of money but I rushed things,” he said. “I wish I was wise then. I was just buying things extravagantly, things I eventually had no need for.”
The singer also explained that he spent heavily on his friends, including paying for their lifestyles and accommodating as many as ten people at a time.
He revealed that he even bought three cars at once so that he and his friends could travel together in a convoy.
“I was accommodating up to ten of my friends back then,” he said. “I bought three cars at once just so that my friends would go out with me in convoy. I was reckless.”
Bella Shmurda said the experience forced him to become more careful with money. He explained that he now thinks more carefully before making financial decisions.
The singer also advised fellow artistes and his fans to spend wisely and avoid learning difficult financial lessons the hard way.
