Lately, I've been really pondering...
How tf do damn rich people make their money? I'm not talking about millions, I'm talking about from Fifty billion naira upwards. How do they do it? I need answers. I need guidance. I need what they did!!!!

Mostly stocks and other long term investments

Fayvohh:
Lately, I've been really pondering...
How tf do damn rich people make their money? I'm not talking about millions, I'm talking about from Fifty billion naira upwards. How do they do it? I need answers. I need guidance. I need what they did!!!!

Systematic fraud, quite hard to explain, because it is unique to whatever trade you find yourself in.

oya, like our presido now.
oya explain tire no evidence

favor914:
Systematic fraud, quite hard to explain, because it is unique to whatever trade you find yourself in.

Franklyspeakin:
oya, like our presido now.
oya explain tire no evidence

Like your own presido also, abi you no be Nigerian again?

Ọgwụ ego

favor914:
Systematic fraud, quite hard to explain, because it is unique to whatever trade you find yourself in.

Not everyone who has money got it through fraud

It had to make huge amount in a genuine way but through bad unapproved way it possible I know of Ndlee boss who is making 7 to 8 mill every week through 2 illegal way

skywolf28:
Mostly stocks and other long term investments

This person here just answered your question correctly. But let me buttress further.


I'm sure you often hear when they say: the rich keeps getting richer and the poor keeps getting poorer. It's reality. Sadly, it's the side effect of capitalism which Karl Max warned against.


People who are rich in tens of millions, hundreds of millions and even billionaires has huge financial leverage when it comes to passive investment in the money market.

A rich guy worth more than 50 million naira could still keep his regular job. And when he invest that 50 million into the money market (S&P, MMF,Tbill, Bonds, Stocks).

MMF for example, he would be getting atleast 720,000.00 monthly at the current rate of 17%.

Can you imagine having 720k as passive income?

Most struggling Nigerians don't even earn up to 500k in their regular job. This is how the rich gets richer and poor gets poorer.


*Another method that can easily earn you that sort of rich people money is through property investment or sales.

Just one sale of a property you inherited or bought for less could earn you quite a lot to consider yourself never to be broke again if you invest in the money market.


*Another unorthodox ways of making quick big money is through scam, fraud, illegal deals (oil bunkery, currency round tripping etc), political extortion and corruption and money laundry, this type of money usually is not sustainable for long because even if you invest it and the authorities comes after you, all your networth will be wiped off starting from freezing your bank accounts, seizing all your properties, cars and other businesses.


*Another way is buying out an already thriving business and pump more money into it.

*Another way is starting your own business from scratch and grow it till you retire as the CEO and hand over to a COO.

We make our money by taking advantage of business and investment opportunities.

you no see our. Abi English hard nii.??

favor914:
Like your own presido also, abi you no be Nigerian again?