₦airaland Forum

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....

There is a correlation between the type of education and the productivity levels, illiteracy rate and poverty, infrastructure and poverty and quality of life.only capitalist with greed think like you.

I think the average person needs a more concrete approach regarding day-to-day spending. You don’t have to be a professional economist who knows all the corresponding jargon to want to know how to budget effectively.

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

Exactly. Someone who’s flat-out broke isn’t interested in hearing about assets and investments when they’re only able to suck garri once a day. Theoretical economisers need to bring their jargon down to Earth for the layman who’s just broke.

Probz:
Exactly. Someone who’s flat-out broke isn’t interested in hearing about assets and investments when they’re only able to suck garri once a day. Theoretical economisers need to bring their jargon down to Earth for the layman who’s just broke.

I must say something very important and that is that if you are not interested in making money and getting rich, you will keep drinking that garri everyday.

First you have to love making money and see it as your right to be rich and work towards it.

If you think making money and being rich is for people who already have money then you will remain broke. its mindset.

It is a mindset thing.

smartr:
Wo, this one sef dey. I've experienced some serious badluck after running into good money. Family wahala, or something needs fixing and will cost tens of thousands.. Or phone will spoil. Or laptop will spoil.

You forgot car, I have spent 500k for engine and gear box in the last 2 weeks

U

4. Impulse buying

5. Inability to delay gratification

scotz101:
The 3 reasons why YOU are always broke


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.

I disagree with your number 3 cause u have 3 sources of income and I'm still broke

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.

Hello, speak for yourself. In this Nigeria wey me and you dey so, legit rich people full am. To be rich is not a child's play. It takes one to be intentional and deliberate about it and not some day dreaming bullshit. So being in Nigeria is no excuse. People dey make am here on a steady.

Crystyano:
False...


How many Nigerians do you really know??

Lol... I know Nigeria as a Nigerian living in Nigeria. For the fact that you or those you know are different doesn't change the fact that the CBN says that just 2% of Nigerian bank accounts hold sums above 500k.

https://www.vanguardngr.com/2021/10/just-in-99-4-of-bank-accounts-contain-less-than-n500000-ndic/

LIVINGICON:
Hello, speak for yourself. In this Nigeria wey me and you dey so, legit rich people full am. To be rich is not a child's play. It takes one to be intentional and deliberate about it and not some day dreaming bullshit. So being in Nigeria is no excuse. People dey make am here on a steady.

Look up...

If ENDSARS has taught us anything, it is that when there are more poor people or oppressed people in a system, the system will favor some people but it will work against MOST.

gasparpisciotta:
True

Always not resisting the urge to spend!!!

It's actually not about spending it's more of what you spend on.

Money is meant to be spent not kept.

The idea is to spend on things that I give you even more money.

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olas24u:
countries with 200million people an above ,we can start from there ,with the same literacy rate,Your country is not rich when a large percentage is poor .

Go home!!!!


I never said Nigeria is called a rich country...



You lack understanding!!!!

LofP:
Lol... I know Nigeria as a Nigerian living in Nigeria. For the fact that you or those you know are different doesn't change the fact that the CBN says that just 2% of Nigerian bank accounts hold sums above 500k.

https://www.vanguardngr.com/2021/10/just-in-99-4-of-bank-accounts-contain-less-than-n500000-ndic/

Does Forbes say only a few Nigerians are rich??

olas24u:
There is a correlation between the type of education and the productivity levels, illiteracy rate and poverty, infrastructure and poverty and quality of life.only capitalist with greed think like you.

You don't understand!!!!!

Crystyano:
Go home!!!!


I never said Nigeria is called a rich country...



You lack understanding!!!!

so why are you proud of rent seekers ?with no enterprise or factories,you call them rich?Agbero elite with a follower who wants to live like them.

olas24u:
No production is taking place here ,there are few factories here.In a normal. country apart from inheritance,does are the people that get rich ,Not stealing and pretending to be rich with stolen money.Collecting rent from all the houses you have bought with proceeds make you rich ,but you are actually poor and can only get respect among poor people.

No production but there are factories??




Keep contradicting yourself!!!

olas24u:
so why are you proud of rent seekers ?with no enterprise or factories,you call them rich?Agbero elite with a follower who wants to live like them.

There are companies founded by Nigerians.....

Crystyano:
Does Forbes say only a few Nigerians are rich??

Bro... Forbes na for MEGA MEN!

Check 2% of 200 million. That's like 4 million rich people. The number could be more but look back at the number that remains when you remove the 4 million rich and wealthy from 200.

196 million mixture of hustlers, average folks and traders.

Even if the number is 10 million, compared to the population and the bad government, the number is too small.

Bmaster:
start up a POS biz,
Come back to my mention after five months and shower thanks to me

Thanks, I will look towards it

LofP:
Bro... Forbes na for MEGA MEN!

Check 2% of 200 million. That's like 4 million rich people. The number could be more but look back at the number that remains when you remove the 4 million rich and wealthy from 200.

196 million mixture of hustlers, average folks and traders.

Even if the number is 10 million, compared to the population and the bad government, the number is too small.

Well,there are many more rich Nigerians than CBN knows...

Forbes is not about race or nationality...

olas24u:
From all you have written so far,it's obvious ,you think stealing and getting rich over night without productivity of business is richness.Few Nigerian are rich and the country remains a country with potentials and not a rich country.

Go home!!!


You're not in my head!!!


You don't know what I think!!

[quote author=Crystyano post=108208254]There are companies f7ounded by Nigerians.....[/quote
There are policies that makes that happen.No electricity for 60 years,are you not the same with those kinds of human beings.

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.

Yeah u're right.human needs is unlimited.we always want more and more till death.

scotz101:
I must say something very important and that is that if you are not interested in making money and getting rich, you will keep drinking that garri everyday.

First you have to love making money and see it as your right to be rich and work towards it.

If you think making money and being rich is for people who already have money then you will remain broke. its mindset.

It is a mindset thing.

What about people who just want to be comfortable without talking a 101 course in financial economics?

And you spend on whooresss for no reason

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.

These are pure words of wisdom.

Thanks for sharing.

Awkabigboy:
You forgot car, I have spent 500k for engine and gear box in the last 2 weeks

Chai

[quote author=olas24u post=108208987][/quote]You're not in my head!!!!


You don't know what I can think of!!!!!