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Why Do People Go Broke After Winning Huge Amount Of Money - Investment (5) - Nairaland

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Re: Why Do People Go Broke After Winning Huge Amount Of Money by Kingzy4pep(m): 12:11pm On May 10, 2022
solsticey2k3:
Most times, money not worked hard for is spent lavishly
Mainly applicable to those who doesn't know how difficult it is to make money
Re: Why Do People Go Broke After Winning Huge Amount Of Money by BigBellyBurst(m): 12:40pm On May 10, 2022
Hespee93:
According to Robert Kiyasokis the author of "Rich Dad Poor Dad"

They allow the money to cobtrol them, instead of them controlling the money.

They allow greed and emossions to take of hokd of them
So after the money Cobtrols them what happens?

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Re: Why Do People Go Broke After Winning Huge Amount Of Money by Hespee93: 1:04pm On May 10, 2022
BigBellyBurst:

So after the money Cobtrols them what happens?

Then greed set it, they will want to make more money by re-investing the money back to the channel where the money was first made, and as time goes on, they eventually lost everything.
Re: Why Do People Go Broke After Winning Huge Amount Of Money by Streetmovement(m): 1:25pm On May 10, 2022
MemoriesAndMe:

What does manchi mean?

Wotoporiously cool speaking

A trusted friend or guy

Make I put am for sentence make you understand better. "That boy wey dey live for una yard na my manchi"

Understood?

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Re: Why Do People Go Broke After Winning Huge Amount Of Money by SaturnNick(m): 2:05pm On May 10, 2022
Simple. They did not work for it
Re: Why Do People Go Broke After Winning Huge Amount Of Money by Settright(m): 2:38pm On May 10, 2022
Because they don’t have system to sustain such kind of money
Re: Why Do People Go Broke After Winning Huge Amount Of Money by TheGift: 3:07pm On May 10, 2022
Because it is not money but mind set that makes you rich. And your habits will determine whether or not you will keep your riches. He that is faithful in Iittle will be faithful in much. And he that is not faithful in little will waste great riches.
Re: Why Do People Go Broke After Winning Huge Amount Of Money by Mrkcee(m): 4:13pm On May 10, 2022
Abba114:
its because baba ijebu gave his one eye to the ritualistis no matter how much u win the money will go back to him same as alabi who gave his left testicle to ritualist no matter how much u win on nairabet the money will go back to the rightful owner alabi
Bet don finish u my guy grin grin grin
Re: Why Do People Go Broke After Winning Huge Amount Of Money by Phyde: 4:52pm On May 10, 2022
Acidosis:
Deficiency in the area of financial intelligence.

Financial intelligence is a 3-fold concept. To be financially intelligent, you must know how to (1) make money (2) manage money, and (3) multiply money.

None is substitutable.

Case close.

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Re: Why Do People Go Broke After Winning Huge Amount Of Money by HITsquad: 11:15am On May 22, 2022
Acidosis:
Deficiency in the area of financial intelligence.

Financial intelligence is a 3-fold concept. To be financially intelligent, you must know how to (1) make money (2) manage money, and (3) multiply money.

None is substitutable.

That's 100% correct. but Just pray you don't encounter financial problems way bigger than everything you just mentioned up there...

Anybody can go broke... regardless your your financial intelligence and management...

But a true business man always has a back up plan...

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