If the Screnshots that Alex Ekubo’s fiancée shared are the reason why she called off their marriage, she did right, and I support her.
The most underrated wealth hack, according to a mentor, is marrying the right partner who understands finance, how to manage money, and how to build wealth.
This Alex Ekubo drama with his estranged fiancée validates that advice.
Money and finances are difficult conversations to have before marriage, but they’re ones that must be had.
In fact, if someone is not financially compatible with you, please don’t marry the person, as you are setting yourself up to fail and struggle in your marriage.
This is what Fancy has done, and I think she deserves our applause and not our condemnation.
It does not make sense to splurge on an expensive wedding that Alex can’t afford, and you want the family of the bride to contribute. When the bride said no, she became a bad person.
What are we doing with an expensive wedding when we can’t boast of our own personal house?
That was the point that Fancy made, and I think it is valid.
Alex has shown that he is a gold digger, but beyond this, he is careless with his finances, as he cares more about his Instagram packaging and public appearances than the unit economics of his personal finance.
In fact, he displayed a big red flag, and Fancy was right to walk away.
I love you does not pay bills
Mind-blowing sex does not pay the bills either.
Before you say, “I do this year,” please sit down with your fiancée to discuss finances.
The unit economics that come with marriage
He is earning 250k, and you are earning 150k, so we are starting our lives and our marital journey with a 400k monthly salary.
How much are we going to save every month?
Which type of home are we going to live in?
And what is the immediate plan to increase our income in the short term and then in the long run?
How do we run the home, and how much are we expected to contribute every month from our personal income?
Are we going to settle for a joint or personal account?
If we are going to go with a joint account, how much of our personal contributions will go into it from our personal income?
These conversations are hard and awkward, but very important.
I know a couple where the wife is the one who controls the family’s ATM.
They share a joint account, and the wife is more financially prudent, smart, and conservative than the husband.
The husband is the opposite of her, as he lives an extravagant life, but for their marriage to work, the couple decided that the wife should be the accountant of the house.
Any financial request that the wife does not approve is the end of it, and there is no argument over it because she understands the premium value of money.
Another couple I know is the opposite of this one; they earn well, live in Lekki, but are always in debt.
The man takes his family abroad for the summer holidays every August or September, only to come back to borrow money for his kids’ school fees from his friends.
Finance and lack thereof unleash stress and unnecessary pressure on modern marriages, but I believe when the couple is financially compatible, it makes it easy to navigate.