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Why Do People Make Money Mistakes Immediately They Hit Big Funds! - Career (3) - Nairaland

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Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by mastermaestro(m): 4:12pm On Jul 26, 2022
Angelfrost:


Why do people type and post in all CAPS?!!

A lot of people actually ignore such posts.

Please make it louder for them to hear. They don’t know how irritating it is to the eyes when they type in that style. angry

I don’t read anything typed in all caps.

4 Likes

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by UptownVibes(m): 4:12pm On Jul 26, 2022
Calibrator:
There is this financial discipline that comes with building your financial portfolio brick by brick.


Ten Million in the hands of someone who got it by building from 180k-700k-1,1m-2.8m-8.7m-10m is not the same in the hands of someone who has never handled 2m before only to hit 10m overnight.



This is the number one reason why most Gboys go broke after a while.... The overwhelming shock value of sudden wealth is no child's play.
One of the idiots was celebrating being able to lodge in a hotel for 5months.. Can you imagine. Money that will be enough for him to get an apartment.. Invest in one or two ,so that he doesn't go begging in the raining days. Some boys no fit just get sense sha

6 Likes 1 Share

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by bigtt76(f): 4:13pm On Jul 26, 2022
True and the reason is because everyone just want to experience that 'enjoyment' they saw others experience while they themselves were struggling and that's not life.

In life you learn through mistakes of yourself and that of others. To succeed, you need to understand the difference between - NEED and WANTS. Your financial situation should not define your lifestyle but rather you define it and maintain it no matter the change in circumstances. What I mean here for example - when you get an increment, do not change from your previous lifestyle but rather try to continue living as you were before the increment and save the excess.



BobDanielFXs:
Growing up as a teenager I had friends and we were money minded, we share business ideas that we would start immediately we get a certain amount of money!!

When we go to places where people spend money extravagantly we always say to ourselves, mehn this is just the money we needed to kick start that business!!

Life happens and after some while everybody just enter street and start to hustle, carry out different online gigs!

Luckily money start to roll in, and in the joy of the newly founded gigs we’ve started, here we are at the same spot spending extravagantly!!

Each of us later started the business we had in mind but it was never as quick as we expected!!

A lot of people make that first time money mistake!!


The first time you get a certain amount of money you’ve never own before and boom, that business plans becomes the last why you just what to flex small!!

6 Likes

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by UTMOST10(m): 4:14pm On Jul 26, 2022
Lack of focus, derailed passion for the business and failure to know what the business is all about.
Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by Bamz(m): 4:18pm On Jul 26, 2022
Calibrator:
There is this financial discipline that comes with building your financial portfolio brick by brick.


Ten Million in the hands of someone who got it by building from 180k-700k-1,1m-2.8m-8.7m-10m is not the same in the hands of someone who has never handled 2m before only to hit 10m overnight.



This is the number one reason why most Gboys go broke after a while.... The overwhelming shock value of sudden wealth is no child's play.

Spot on. Slow money is better managed than quick money not going to lie. Overnight successes like lottery etc as are like a flash in the pan.

5 Likes 1 Share

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by fernandoc(m): 4:19pm On Jul 26, 2022
emmabest2000:


Not really the case

The truth is that those you count among the people that make mistakes might be lack of luck

No matter how smart or smarter you think that you are, if luck or rather Grace is out of your reach, you will still floop in one way or the other
In simple explanation.... those that make it in life are not always the smartest grin

Bill Gates father was a successful lawyer. A very successful one before Bill even made his first 1m usd.

3 Likes 1 Share

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by Nobody: 4:20pm On Jul 26, 2022
Hoes
Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by SPAMBOX7: 4:22pm On Jul 26, 2022
BobDanielFXs:
Growing up as a teenager I had friends and we were money minded, we share business ideas that we would start immediately we get a certain amount of money!!

When we go to places where people spend money extravagantly we always say to ourselves, mehn this is just the money we needed to kick start that business!!

Life happens and after some while everybody just enter street and start to hustle, carry out different online gigs!

Luckily money start to roll in, and in the joy of the newly founded gigs we’ve started, here we are at the same spot spending extravagantly!!

Each of us later started the business we had in mind but it was never as quick as we expected!!

A lot of people make that first time money mistake!!


The first time you get a certain amount of money you’ve never own before and boom, that business plans becomes the last why you just what to flex small!!
Lack of trust sef dey count as factors that limits one from starting that business they have in mind. Like for example now you Wan buy 5 Keke give out but the fear of the drivers carting away with your Keke might scare and you just put the idea on hold. Same goes to other businesses. If na shop you wan open now the fear of your boys squandering all your funds and leaving you with stories every week might also weaken you. In short to start business for this naija sef man gas to be running it themselves or you move

3 Likes

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by seanwilliam(m): 4:24pm On Jul 26, 2022
Calibrator:
There is this financial discipline that comes with building your financial portfolio brick by brick.


Ten Million in the hands of someone who got it by building from 180k-700k-1,1m-2.8m-8.7m-10m is not the same in the hands of someone who has never handled 2m before only to hit 10m overnight.



This is the number one reason why most Gboys go broke after a while.... The overwhelming shock value of sudden wealth is no child's play.
God bless u, 100% on point.

Also there’s this new money syndrome, you will always want to prove a point if you just hit it big.


Financial discipline is very very important for a man

3 Likes 1 Share

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by Mrbenny001: 4:26pm On Jul 26, 2022
I made 4m from arbitrage within 1month...rent 2bet + furnished=1m... Got my personal office for my business= everything 1m.... Na 1m remain ooo...how I take chop 1m I no understand grin

3 Likes

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by Rhozabeth(m): 4:27pm On Jul 26, 2022
Its simply because they forget the plan as soon as the money comes and that is why it is always good to get an adviser b4 the money comes! Typical of Nigerians!

1 Like 1 Share

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by jimmy74(m): 4:28pm On Jul 26, 2022
Business and luxury are not friends especially during start up.
Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by Aaaaarghmed(m): 4:31pm On Jul 26, 2022
One of my ex touch some millions.i advise her to start a biz..instead she go rent house of over half a million a year.I advise her tire till she finish the funds.Thank God say she manage buy some household properties.Till money enter voice mail.

1 Like 1 Share

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by tonididdy(m): 4:32pm On Jul 26, 2022
Simple ....adulthood na SCAM
Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by Dscop: 4:32pm On Jul 26, 2022
VeryWickedMan:
Because they did not fortify it with rituals. You can never be wealthy without rituals.


 For a clown that sleeps with prostitutes, shouldn't you be more worried about your next HIV result?

 You're a joke on nairaland, no future, jobless and fronting on emptiness.

3 American visa application reject, why not try North Korea.

1 Like

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by MrBroke(m): 4:38pm On Jul 26, 2022
Calibrator:
There is this financial discipline that comes with building your financial portfolio brick by brick.


Ten Million in the hands of someone who got it by building from 180k-700k-1,1m-2.8m-8.7m-10m is not the same in the hands of someone who has never handled 2m before only to hit 10m overnight.



This is the number one reason why most Gboys go broke after a while.... The overwhelming shock value of sudden wealth is no child's play.


Bless you bro, this's just it. Building wealth is one difficult thing only a few can achieve.

2 Likes

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by Yungmakaveli01(m): 4:42pm On Jul 26, 2022
Angelfrost:
Financial management is not inborn or innate... It has to be taught and learned. The earlier in life, the better!

Getting rich is far easier than staying rich!

I have learnt quite a lot from money management books... Financial common sense I wish I had known even before graduating from university.

So, for young people still fresh in university, and starting to get into money.... Read and learn from the wisdom of those who have stayed wealthy! The following books should be a must even in secondary school:

The Richest Man in Babylon

Rich Dad, Poor Dad

Think and Grow Rich

The Millionaire Fast lane

The Wealth of Nations

... Amongst others!
Though getting wealthy is hard and subtle, the major task is staying wealthy, staying wealthy is more difficult than getting wealthy a single mistake
can rip one off all his life savings most especially when greed is involved. One scenario is the case of the man who owns Archegos and how he lost $20B in just 3 days.

4 Likes 2 Shares

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by Worldlegend(m): 4:44pm On Jul 26, 2022
It thought mey greatest lesson in life.. watch out for my comeback
Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by Nobody: 4:46pm On Jul 26, 2022
BobDanielFXs:
Growing up as a teenager I had friends and we were money minded, we share business ideas that we would start immediately we get a certain amount of money!!

When we go to places where people spend money extravagantly we always say to ourselves, mehn this is just the money we needed to kick start that business!!

Life happens and after some while everybody just enter street and start to hustle, carry out different online gigs!

Luckily money start to roll in, and in the joy of the newly founded gigs we’ve started, here we are at the same spot spending extravagantly!!

Each of us later started the business we had in mind but it was never as quick as we expected!!

A lot of people make that first time money mistake!!


The first time you get a certain amount of money you’ve never own before and boom, that business plans becomes the last why you just what to flex small!!
You and your childhood friends are just average Nigerians running on stupid software.
Smart people don't act foolishly by flowing with the tides.
Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by GREATESTPIANIST: 4:48pm On Jul 26, 2022
SerikiFulani:
In 2007,I made 30 million naira and blew it in a
month....It was so funny.

Money brings confidence & respect and confidence & respect requires resources.

Imagine having 200k in your pocket ready to blow in one night grin Not to talk of the one in spare accounts with the ATM cards with you smiley

Club Xtreme on Akin adesola,VI and Reloaded at Awolowo road,ikoyi hear am from me that year cheesy
AND I AM VERY SURE YOU HAD FAMILY MEMBERS IN NEED IN THAT YEAR 2007 THAT YOU WASTED THOSE MILLIONS, MONEY YOU COULD HAVE INVESTED IN SOMEONE LIFE OR BLESSED SOME ONE WITH TO HELP THEM STAND IN LIFE, I AM SURE YOU TURNED DEAF EAR TO THAT SISTER OR BROTHER OR FRIEND OR NEIGHBOR THAT REALLY NEEDED YOUR HELP TO BE STH IN LIFE, BUT LO AND BEHOLD, YOU SQUANDERED THE MONEY, YOU ARE A VERY WICKED FELLOW......CHAI , THIS WORLD IS EVIL

2 Likes 1 Share

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by MemoriesAndMe: 4:55pm On Jul 26, 2022
Joshmoore:
because of the believe that more will always come
Yes.
Especially if it money people get for free. If they really worked for it,they won't be waiting on more free money.
Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by TheAdventurous: 4:59pm On Jul 26, 2022
Mine was a different Case, made bulk money,and too scared to go broke again in life. I invested every single Kobo, in properties and business. Along the line I went broke again, but my assets is appreciating everyday. Though won't admit to be broke but am still struggling. Business ain't easy in Nigeria, if you don't have a mentor or adequate experience don't venture into any biz or else you will always look for external money to fund it.

9 Likes 1 Share

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by JBoss25(m): 5:01pm On Jul 26, 2022
Mrbenny001:
I made 4m from arbitrage within 1month...rent 2bet + furnished=1m... Got my personal office for my business= everything 1m.... Na 1m remain ooo...how I take chop 1m I no understand grin
how does arbitrage work?
Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by TolaniLuv: 5:03pm On Jul 26, 2022
Because before they get the money they already have Plan to Buy things they want .. it’s okay.

So, in case Benz is for sell in case see the attached picture

And Honda toks !

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by onatisi(m): 5:18pm On Jul 26, 2022
many people make the mistake of looking for and chasing money without having any plan about how to keep and maintain it.
normally this may sound absurd, but when people hustle hard and make some big cash, then that is it. they have hit an end road and they have no plan about what to do next other than spend it . but most rich successful men already have plans about how to spend and invest their money as it comes and grows, so it is easier for them . IF YOU DOnt HAVE ANY PLAN ABOUT HOW TO KEEP AND MAINTAIN YOUR MONEY BEFORE MAKING THE MONEY, TRUST ME IDEAS won't COME AFTER YOU MAKE THE MONEY.
look at so many stars who made money and later became very poor, Tyson and many others

3 Likes

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by ModCaller: 5:24pm On Jul 26, 2022
It's a normal thing. You'll eventually outgrow it after going seriously broke 2 to 3 times.

Some people make the mistake of thinking that it's yahoo boys that only have that issue. Na people wey never see road dey talk like that.

9 Likes

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by imagrg(m): 5:38pm On Jul 26, 2022
Stolen money always ends up that way. They didn't earn it the hard way like the owner did. undecided
Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by Desloaaa(f): 5:45pm On Jul 26, 2022
Kingzeez10:
A hustling man's biggest enemy is lifestyle inflation.
explain this bro
Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by FireUpNow(m): 5:53pm On Jul 26, 2022
It's lack of financial education

1 Like

Re: Why Do People Make Money Mistakes Immediately They Hit Big Funds! by 3rdavefarms(m): 5:56pm On Jul 26, 2022
Calibrator:
There is this financial discipline that comes with building your financial portfolio brick by brick.


Ten Million in the hands of someone who got it by building from 180k-700k-1,1m-2.8m-8.7m-10m is not the same in the hands of someone who has never handled 2m before only to hit 10m overnight.



Well said


This is the number one reason why most Gboys go broke after a while.... The overwhelming shock value of sudden wealth is no child's play.

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