In a video circulating online on Friday, March 13, 2026, the businessman shared insights about his financial discipline while delivering a speech.
According to Richard Nii Armah Quaye, he used to spend about 20% of his income earlier in his journey to financial success. However, as his income and overall wealth grew over the years, his spending habits changed significantly.
“As you continue to grow, your income begins to increase, so the 20% will also continue to increase for you. As I speak to you now, I am still spending below 20% of my income,” he said.
The entrepreneur further explained that his financial situation has improved so much that he now spends only a very small fraction of his wealth.
“In fact, looking at where I am in life and where I started, I was around the 20% mark. But as you move forward and your worth becomes bigger, now I take about 2% of my worth, and I can’t even spend it,” he added.
The statement has since generated mixed reactions online. While some social media users praised him for his financial discipline and wealth management strategy, others questioned the practicality of such a lifestyle for the average person.
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Many netizens also used the moment to start conversations about financial growth, saving habits, and how spending patterns change as people accumulate more wealth.
Despite the differing opinions, Richard Nii Armah Quaye’s comments have once again placed him at the centre of discussions about business success and personal finance in Ghana.
Source: GhanaWeb | March 14, 2026