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So guys, I found the below shot In one of my friend's story on WhatsApp, it is a shot of a popular Nigerian musician known as "Erigga - I believe that my Nigerian brothers here will know him well.

He was actually talking about the importance of investing to make money, but in emphasizing this, he talked about gambling houses and betting shops; only being found in Poor neighborhoods, while investment banks, equity firms, asset management firms are only found in rich neighborhoods.

While I tend to agree with what he said about making money generally, i am still trying to find any reason to believe that the emphasis he used is true, that is, I do not believe his opinion about gambling house verses investment banks to be true.

What do you guys think about this?

Research has shown that people who live in poor neighbourhoods gamble more. So it will be normal to find more gambling companies in ghettos and slums because they have a larger market there. But Erriga's explanation has a religious undertone. He is telling the religious poor who spend time praying and fasting to invest instead of believing in divine providence or luck. I think the musician is right because it happens in my location. You see people closing their businesses or quitting their jobs and putting more effort into religious activities because they believe that God will make them rich. Engaging in religious activities is not wrong but we must take responsibility for the outcome of our lives.

His points are clear and it is just the absolute truth, poor people are easily carried away by sweet stories, especially when it happens to be one that involves getting profits from a less difficult means of acquisition, that is the reason we see more physical gambling shops in a poor neighborhood, even a good business owner understands the essence of watching out for the type of investment/business to launch, mainly depending on his location (which is situated on the flow of money in that environment).

On that of under toning religion, many people no longer understand how to watch out for their priority levels, when to lay out time to carry on religious practices and when to establish one's self. As we know, riches never falls from the sky, whatever we work shall we get the outcome in return, less productivity equals to a failed financial stance. Be religious enough doing whatever but we should never be too absurd not knowing when to table one function firstly before facing the other when due.

Careful with that. You surely lose more in trading and investments if you don't know what you are doing and if you can't read the market right the trading/investing is a brutally dangerous game that can make you lose huge fortune in very fast time, something you can never lose this fast in gambling no matter if you bet with max win on slot machines. That is why that in this context his thinking maybe looking like he is right at first sight but surely needs a lot of elaboration before going into conclusions and for me the conclusion there is not that right. In investments another thing is that you can surely hit it big but it needs quite some time while in gambling you can hit a life changing win in an instant so in this context luck is much better than investing and again as I said we need to carefully elaborate everything, in the end for me gambling is much better than trading/investing, just my point of view though, no financial advice here.