One constant thing about life is change. People evolve, and everyone wants to make life better for themselves and their loved ones. To make life merrier, finances play a major role, which is why financial education is very important.
These days, so many people are in a hurry to make money. It’s not just about greed, the crippling economy and peer pressure has also contributed to this rush in life.
A lot of people stumble upon the idea of "investment" without taking time to understand the basics, and this often leads to pain and regret.
Now, while I’m not a financial adviser or expert, I’d still like to share my own basic understanding of investing to help guide anyone looking to invest especially in crypto, real estate, or any other investment space in general.
Below are a few important points to take note of:
1. Understand the Business You’re Investing In
Be its anything, coins, forex, real estate, etc. Always ensure you have satisfied yourself by making a proper research and understanding of the proposed investment in question.
I’ve not just heard stories, I’ve seen it with my own eyes. Someone bought a Keke (tricycle) and gave it out for hire, hoping to get returns weekly or monthly depending on his agreement with the rider.
But guess what? It was problem after problem. One day it was the crankshaft, the next day it was "local government wahala."
It even led to an arrest and things got messy just because someone wants to reap the fruit of another persons labor
Now I’m not saying Keke business is bad, but you need to understand how it works so you don’t end up stressed and frustrated.
2. Investment Is Not a Get-Rich-Quick Scheme
If you’re thinking investments will blow overnight and make you millions instantly, you're likely walking into a trap. Real investing takes time. The legit kind is long term and is meant to bring in steady income over time unless of course, you’re looking for Ponzi (which I don’t advise at all).
3. Don’t Invest All Your Money
Always make sure you have some cash flow on hand. Life is unpredictable. Emergencies happen. Never put all your money into an investment, no matter how "sure" it seems.
4. No Investment, No Reward
As simple as this sounds, it needs to be said. Some people expect major blessings or financial breakthroughs in life, but they’ve never invested in anything. If you don’t plant a seed, don’t expect a harvest.
5. Higher Risk Means Higher Reward (and Higher Failure)
Yes, the bigger the risk, the bigger the reward can be but the bigger the failure can be too. Especially in areas like crypto, you are not guaranteed 100% success, no matter what anyone tells you.
6. You Can Lose It All
You may have genuine intentions and a good heart, but that doesn’t stop life from happening. Timing, market crashes, bad seasons they happen. Be ready for it, and don’t take it personally when things don’t go your way.
7. Know When to Withdraw
Investing isn’t just about putting money in it’s also about knowing when to take your profit. Don’t get greedy. Learn to cash out wisely and enjoy the fruits of your investment.
Final Note:
At the end of the day, investing is a journey. It comes with risks, rewards, lessons, and sometimes losses. Just make sure you’re informed and intentional. That way, whether it works out or not, you’ll know you moved smart.