Thursday, March 28, 2024

Odipo Gerphas: How I overcame debt that pushed me into depression, suicide, and cost me my marriage

Odipo Gerphas, popularly known as Odipo G, is a man of many accomplishments. He is the managing director of Judera Group Ltd, a firm that focuses on agribusiness with a concentration in spices and essential oils under the brand name 1516.

Despite his success, Odipo G has faced his fair share of challenges, particularly with debt.

In this article, we will delve deeper into Odipo G’s experience with debt and how it pushed him into depression, suicide, and cost him his marriage.

Odipo G admits that debt was a significant factor in his mental health struggles. At one point, he found himself in a Sh10 million debt that his business had accumulated, with no way of servicing it.

He admits that he failed to do adequate research and wanted instant gratification, leading him and his team to become “excel sheet millionaires.”

They overpromised their investors without proof of concept, and their numbers were based on what they were told rather than what they experienced.

”I over trusted the farm manager. Accountability was almost nonexistent. We focused more on telephone farming and were moved by speculation and became excel sheet millionaires,” he narrated as quoted by Daily Nation.

The pressure of debt was overwhelming for Odipo G, leading him into a deep depression that eventually drove him into addiction. He lost a good marriage and almost lost his life in the process.

Depression is a silent killer that affects many people, especially men. Debt is often a significant factor in mental health struggles for entrepreneurs. Odipo G’s experience highlights the importance of understanding the risks of debt and the impact it can have on mental health.

In his journey towards overcoming debt and mental health struggles, Odipo G emphasizes the importance of changing one’s mindset. He believes that the mind that raised the first capital and lost it is the same one that will get you out of any financial situation.

However, for this to happen, a change of mindset is mandatory. A debt-free lifestyle is the ultimate goal, and the journey towards it begins with viewing money differently. One must thirst and pursue a debt-free lifestyle to achieve it.

Odipo G has learned that the greatest limitation is not the absence of funds but the fear of thinking. He believes that money is the last thing anyone needs to start a multi-million business.

His business, which will generate millions of dollars, does not own an acre of land or a single manufacturing plant. The key to success lies in understanding that the mind is the most important asset anyone has.

One must research every day and transform their life through wisdom and enrich their business with knowledge.

In his quest towards financial freedom, Odipo G has adopted a method of saving profits in places that have the capacity to generate more revenue.

These include stocks, bonds, T-bills, and investment packages from Britam, CIC, and Old Mutual. He acknowledges that he never used to save, but his change in mindset has enabled him to adopt a saving culture that has proven successful.

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