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McDan Advises Youth: “Don’t Marry Without Financial Stability”

McDan Advises Youth: "Don't Marry Without Financial Stability"

Daniel McKorley, popularly known as McDan, is a Ghanaian business magnate and the Executive Chairman of the McDan Group. He has advised young people to obtain financial security prior to marriage. He underlined that getting married before being financially prepared could cause both financial and emotional stress.

At the 2025 PCH Hangouts, which took place at the ICGC The New Wine Temple in East Legon, McDan said these things. He emphasized how important being financially prepared is to having a happy marriage.

“If you don’t have money, don’t marry. If you don’t have money, it will derail you,” he stated firmly.

Sharing his personal experience, McDan revealed that financial concerns played a significant role in his decision to delay marriage.

“I couldn’t marry early because I was afraid of ‘chop money,’” he confessed.

He described how he was wary of getting married too soon because he had seen domestic disputes in his society over money. He claims that couples who are having financial difficulties frequently experience stress, verbal abuse, and sometimes physical altercations.

McDan counseled young people to develop self-control and perseverance in their quest for achievement after marriage. He voiced concern that although Ghanaian youth are intelligent and have talent, they frequently lack the self-control and bravery necessary to realize their goals.

“Discipline is what the Ghanaian youth need, along with a bit of courage. We have smart youth in this country, but they must develop the discipline to finish what they start,” he remarked.

He cited the McDan Entrepreneur Challenge, which attracted 15,000 applicants, yet many lacked what he termed “the finishing power”—the ability to see projects through to completion.

“It’s not always about money. It’s about having the discipline to follow through. If you want to succeed, start by focusing on self-improvement,” he advised.

McDan encouraged young people to reduce excessive leisure time and dedicate themselves to personal development.

“If you sleep eight hours a day, start sleeping four. Use the extra time to serve and learn from others—there is great value in service,” he urged.

McDan also introduced the concept of “Other People’s Money” (OPM), a strategy that allows entrepreneurs to start businesses without personal capital. He explained that disciplined individuals could leverage available financial resources and strategic partnerships to kickstart their entrepreneurial journeys.

“You don’t always need money to start a business. You can use OPM if discipline is your guiding principle,” he explained.

He encouraged the youth to believe in their potential and take active steps toward success.

“Your future is in your hands. Look in the mirror and tell yourself, ‘I will make it.’ Every journey begins with the first step,” he advised.

McDan’s insights resonated with many attendees, as he reinforced the importance of financial discipline, strategic planning, and self-belief in achieving long-term success.

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