₦airaland Forum

TimmyTen:
Add to the list

Wrong Job

Marrying the wrong person

Sending your kids to schools you can’t afford

DominusPrime:
No. 4.
Even after successfully avoiding the 3 listed there the chase for the next million makes one feel broke.

Money is like climbing a tower with no end in sight. The first day I made 10k many years ago thought i had arrived. Now i make much much more but still chase more like a dog after a b.itch on heat.

emaseriki:
Story story!!!

ImoleNaija:
4. You are dating or married to a Yahoo boy's sacrificial lamb.

If you don't get it, then forget.

alanto:
This post is for people that has money. I’m out

scotz101:
The 3 reasons why YOU are always broke


1. You're saving money instead of investing.

Saving money doesn't make anyone rich, in short the only people who get rich from your savings are the banks.

This is why they charge you for pulling money out and also charge you for saving with them.

The right thing to do is invest. When you have little money, invest in yourself. Take courses and programs that will boost your skills, knowledge and mental prowess.

Education never stops.

When you have a lot of money invest in opportunities as well such as cryptocurrency, stocks and bonds.

Real estate is a surefire way to go. But always start with self investment.

2.You buy liabilities instead of assets.

In Ibadan where I stay a lot of people spend money partying. It's the culture.

People spend money on clothes, shoes and different stuff that they don't really need.

To achieve a life of financial freedom some part of your money should be spent on buying assets instead of liabilities.

Assets are what will fund your dreams. Liabilities make you feel good but they do not in any way contribute to your dreams.

Make it a habit to spend more on assets.


3. You have only one source of Income

This is the biggest reason why most people are broke.

They rely on only one source of money and when that source dries up they already in deep problem.

It is said that the average millionaire has about 7 streams of income. While this isn't true for everyone,

Most millionaires will have between 3 to 5.

If you want to have financial freedom, learn to develop other sources of income.

JABAIDO:
You have valid points, but how would someone who earns 15k monthly save not to talk of investing?

JABAIDO:
You have valid points, but how would someone who earns 15k monthly save not to talk of investing?

Slimdaddy27:
No job how can I save?

The hustle we do,we use it to feed

After so many years after graduating,so many interviews gone and nothing comes out

U want to learn a trade,or programing with wat Money?

Nice write up bro,but not for now till I get there

olas24u:
Its obvious that the leaders prefer poverty amongst the young population ,so as to be able to control the population ,so investing outside of this country remains the best option, tesla,amazon and electric car companies ,earn in dollars and spend naira.Forget about the Nigerian shares ,they will damage you,unless you trade them

seyz91:

scotz101:
You're engaging in the victim mentality and that will only hurt you. Forget Nigeria, fight for yourself

scotz101:
The 3 reasons why YOU are always broke


1. You're saving money instead of investing.

Saving money doesn't make anyone rich, in short the only people who get rich from your savings are the banks.

This is why they charge you for pulling money out and also charge you for saving with them.

The right thing to do is invest. When you have little money, invest in yourself. Take courses and programs that will boost your skills, knowledge and mental prowess.

Education never stops.

When you have a lot of money invest in opportunities as well such as cryptocurrency, stocks and bonds.

Real estate is a surefire way to go. But always start with self investment.

2.You buy liabilities instead of assets.

In Ibadan where I stay a lot of people spend money partying. It's the culture.

People spend money on clothes, shoes and different stuff that they don't really need.

To achieve a life of financial freedom some part of your money should be spent on buying assets instead of liabilities.

Assets are what will fund your dreams. Liabilities make you feel good but they do not in any way contribute to your dreams.

Make it a habit to spend more on assets.


3. You have only one source of Income

This is the biggest reason why most people are broke.

They rely on only one source of money and when that source dries up they already in deep problem.

It is said that the average millionaire has about 7 streams of income. While this isn't true for everyone,

Most millionaires will have between 3 to 5.

If you want to have financial freedom, learn to develop other sources of income.

LofP:
As long as you remain in Nigeria, in its current state of affairs, you are broke.

How many Nigerians multi-task? How many Nigerians have over N500k in a savings account? How many have investment accounts? How many bought real estate? How many have been scammed while trying to invest in real estate?

If I continue asking relevant questions you will realize that a Zoo is better than Nigeria.

scotz101:
I believe it starts with self investment. Learn skills that can earn you some extra money

Crystyano:
False...


How many Nigerians do you really know??

olas24u:
You cannot grow beyond your immediate environment, the polices and regulations made in an environment shapes your life and future .

olas24u:
how man do you also know in a country with no accurate population data

Crystyano:
I don't need to know how many people exist in Nigeria to know that there are rich Nigerians...

scotz101:
The 3 reasons why YOU are always broke


1. You're saving money instead of investing.

Saving money doesn't make anyone rich, in short the only people who get rich from your savings are the banks.

This is why they charge you for pulling money out and also charge you for saving with them.

The right thing to do is invest. When you have little money, invest in yourself. Take courses and programs that will boost your skills, knowledge and mental prowess.

Education never stops.

When you have a lot of money invest in opportunities as well such as cryptocurrency, stocks and bonds.

Real estate is a surefire way to go. But always start with self investment.

2.You buy liabilities instead of assets.

In Ibadan where I stay a lot of people spend money partying. It's the culture.

People spend money on clothes, shoes and different stuff that they don't really need.

To achieve a life of financial freedom some part of your money should be spent on buying assets instead of liabilities.

Assets are what will fund your dreams. Liabilities make you feel good but they do not in any way contribute to your dreams.

Make it a habit to spend more on assets.


3. You have only one source of Income

This is the biggest reason why most people are broke.

They rely on only one source of money and when that source dries up they already in deep problem.

It is said that the average millionaire has about 7 streams of income. While this isn't true for everyone,

Most millionaires will have between 3 to 5.

If you want to have financial freedom, learn to develop other sources of income.

olas24u:
Every country has rich people,the collective prosperity is more important .

Crystyano:
Collective prosperity is impossible...
Collective poverty is impossible....



Collective means a group of things ......as in ALL things ....

A 'rich nation' doesn't really mean a rich group of people....

Crystyano:
Collective prosperity is impossible...
Collective poverty is impossible....



Collective means a group of things ......as in ALL things ....

A 'rich nation' doesn't really mean a rich group of people....

Crystyano:
Collective prosperity is impossible...
Collective poverty is impossible....



Collective means a group of things ......as in ALL things ....

A 'rich nation' doesn't really mean a rich group of people....