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.
this is the part where a lot of investors get caught because they try to risk too much because they want to hit it really big and allow greed to get the better of them. investing much is the only guarantee that you are going to get higher returns but at the same time, it can cause your downfall if you are investing much into a thing that doesn't have the ability to remain valuable for the long term.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.
the first priority is to know what you are investing in and ascertain if it is something you can risk too much into. if it is for bitcoin that has proven to have a high chance of remaining relevant even in the long term, you can afford to remain invested with a huge amount before being afraid of the possibility of encountering loss. other than that, investing in things like an altcoin, meme coin or even an asset that is not in the digital form and you are not certain of it long term potential, you should never invest when a huge amount.
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.
[/quote
real asset doesn't just go extinct like that, it takes time and often time, most investors that are smart enough will easily dictate when such is about to happen and exit at the right time without getting caught unaware. if you are invested in an asset that can cause you an 100% loss, then you are gambling and not investing. there should be an extent of security in whatever asset you are holding which gives you confidence that you will never go completely bankrupt no matter what.
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.
[/quote
real asset doesn't just go extinct like that, it takes time and often time, most investors that are smart enough will easily dictate when such is about to happen and exit at the right time without getting caught unaware. if you are invested in an asset that can cause you an 100% loss, then you are gambling and not investing. there should be an extent of security in whatever asset you are holding which gives you confidence that you will never go completely bankrupt no matter what.
1. Understand the Business You’re Investing In
That's probably the biggest problem among investors these days, because as you said, they are in a hurry to make money, and due to that, they don't spend enough time understand what they are getting into, and they go ahead only because they've heard people say that they can make good money from this industry or business. We shouldn't look far, and take the example of the crypto market. So many newbies enter the market with very high hopes, because they've heard or seen people talk about how much money people around the world are making from cryptocurrencies, so they decided they are going to do it as well, because it's good and can make them a lot of money.
One should ask them, can one become a doctor without studying medical sciences and attain practical experience through various tests and sessions? No, then how come they expect themselves to become traders and successful investors without even learning anything about the industry they are getting into? Yeah, you can say that some people get lucky, and they manage to make good money without any knowledge, but that doesn't mean it should be the case with everyone.
Understanding the business and how it goes is very important factor and i think due to the hurry to accumulate wealth to meet up with demands, this is often neglected.
You will see so many persons in this category, always trying to invest in what their friends and colleagues are investing in because they have been convinced it is profitable, no proper research, not even some period of trial and error before erupting fully into it.
Investment means a risk, to make an investment successful, it is very important to first gain complete knowledge about the investment, along with knowing and scrutinizing the strategy, market, risk, demand and other issues. to make an investment successful, you have to decide quickly whether you will invest in the short term or the long term. to make the investment successful and reduce the risk, work according to a long-term plan and be patient for the right time. when is an investment worthless? When an investment is started without having enough knowledge, strategy, skill, planning and patience about that investment, it becomes worthless. If you are aware of these issues, an investment can never be worthless. Investing with patience leads to success.
1. Understand the Business You’re Investing In
Surely is very important for one to have at least the basic knowledge about the investment you're looking into before carrying out your investment plans, just as it is in bitcoin investment if you don't have a basic knowledge about bitcoin investment you won't be able to profit from it.
2. Investment Is Not a Get-Rich-Quick Scheme
Anyone who is just getting started don't need to go with this intention, because having this intention can lead one into investing in shitcoin. we should know that there's no short cut to success, even if surely there are people who became rich over night in this crypto space but that doesn't mean that it will work the same for everybody, so to avoid regret it will be better if we go for the long term investment.
1. Understand the Business You’re Investing In
That's probably the biggest problem among investors these days, because as you said, they are in a hurry to make money, and due to that, they don't spend enough time understand what they are getting into, and they go ahead only because they've heard people say that they can make good money from this industry or business. We shouldn't look far, and take the example of the crypto market. So many newbies enter the market with very high hopes, because they've heard or seen people talk about how much money people around the world are making from cryptocurrencies, so they decided they are going to do it as well, because it's good and can make them a lot of money.
One should ask them, can one become a doctor without studying medical sciences and attain practical experience through various tests and sessions? No, then how come they expect themselves to become traders and successful investors without even learning anything about the industry they are getting into? Yeah, you can say that some people get lucky, and they manage to make good money without any knowledge, but that doesn't mean it should be the case with everyone.
Understanding the business and how it goes is very important factor and i think due to the hurry to accumulate wealth to meet up with demands, this is often neglected.
You will see so many persons in this category, always trying to invest in what their friends and colleagues are investing in because they have been convinced it is profitable, no proper research, not even some period of trial and error before erupting fully into it.
Investment means a risk, to make an investment successful, it is very important to first gain complete knowledge about the investment, along with knowing and scrutinizing the strategy, market, risk, demand and other issues. to make an investment successful, you have to decide quickly whether you will invest in the short term or the long term. to make the investment successful and reduce the risk, work according to a long-term plan and be patient for the right time. when is an investment worthless? When an investment is started without having enough knowledge, strategy, skill, planning and patience about that investment, it becomes worthless. If you are aware of these issues, an investment can never be worthless. Investing with patience leads to success.
1. Understand the Business You’re Investing In
That's probably the biggest problem among investors these days, because as you said, they are in a hurry to make money, and due to that, they don't spend enough time understand what they are getting into, and they go ahead only because they've heard people say that they can make good money from this industry or business. We shouldn't look far, and take the example of the crypto market. So many newbies enter the market with very high hopes, because they've heard or seen people talk about how much money people around the world are making from cryptocurrencies, so they decided they are going to do it as well, because it's good and can make them a lot of money.
One should ask them, can one become a doctor without studying medical sciences and attain practical experience through various tests and sessions? No, then how come they expect themselves to become traders and successful investors without even learning anything about the industry they are getting into? Yeah, you can say that some people get lucky, and they manage to make good money without any knowledge, but that doesn't mean it should be the case with everyone.
Understanding the business and how it goes is very important factor and i think due to the hurry to accumulate wealth to meet up with demands, this is often neglected.
You will see so many persons in this category, always trying to invest in what their friends and colleagues are investing in because they have been convinced it is profitable, no proper research, not even some period of trial and error before erupting fully into it.
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.
Investing is a long journey, reason why most person fail because they don't see it that way. Choosing the right investment also matters according to surroundings and economic state, if your investment is not suitable according to standards, all efforts put into the project will fail causing the investor to lose large portion of his capital. 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.
Investors are meant to be strategic, expecting greater achievement will demand plus size application of ideas, doing it the common way will give same results as a mere investment return, best pay off demands extra strategic effort.
Know your investment well, so that you can maximize the potential outcome of your investment.
Below are a few important points to take note of:
1. Understand the Business You’re Investing In
Venturing into a business or any field simply means you having to know them or you employ the services of those who know them to walk the path with you. It ensures you don’t get to make too many mistakes and several ends to make the venture a success scaled through.1. Understand the Business You’re Investing In
3. Don’t Invest All Your Money
On this, I could say I have heard stories, none fictional stories or should I say testimonies of those who invested their all, not in Bitcoin but, in other fields of human endeavor and scaled out a success. Sometimes, a venture might require all you’ve got and all you’ve got you would need to give.Although these rules sound great, in practice it is much more difficult. First of all, investing requires money, and many people in this world struggle with money... There is never enough of it.
3. Don’t Invest All Your Money
6. You Can Lose It All
As in gambling, never invest more than you can afford to lose. That should be the rule no. 1!
b]Final Note:[/b]
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.
It is a journey, and will it work for someone or not is impossible to say... that's why everyone needs to be free and give it a try. Don't be afraid to spend some money, but before that, do your own research and start learning & earning.
3. Don’t Invest All Your Money
6. You Can Lose It All
As in gambling, never invest more than you can afford to lose. That should be the rule no. 1!
b]Final Note:[/b]
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.
It is a journey, and will it work for someone or not is impossible to say... that's why everyone needs to be free and give it a try. Don't be afraid to spend some money, but before that, do your own research and start learning & earning.
1. Understand the Business You’re Investing In
snipped
2. Investment Is Not a Get-Rich-Quick Scheme
snipped
snipped
2. Investment Is Not a Get-Rich-Quick Scheme
snipped
I think these are the two most important points and all the rest are rather irrelevant. Starting with point two, many people see in the media and movies that people put one sum of money into an investment and get super rich from it - but that is extremely rare and not how most people find success. Success for the average person is a long road that requires commitment and understanding that they should keep adding funds through good times or bad. It takes most people decades of investing before they will be able to enjoy the fruits of their labor, but when it comes it is abundant enough to retire on. As for point one, 99% of people would do much better just investing in diversified ETF funds rather than trying to pick individual companies because unless you have the time to research them you will be wasting money.
I highly agree but this should come with proper financial management, as the earlier reply stated. Without proper financial management, all the effort, money, and time will be in vain because it is more likely that an overexpenditure will happen. And that overexpenditure will likely kill the investment. At the beginning, overexpenditure may not be a problem because there are still funds that will fill up on the useless extra spending, but as time goes on, this useless extra spending will have weight and may give a heavy blow to the cashflow. So as much as possible, financial management should be applied even before an investment is made. This way, all things will go smoothly.
⭐ Merited by Rabata (2)
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.
I like this part because most investors only think about the positive aspects of their investment without thinking about if thing happens the other way round. As an investor, there is need to calculate your the risks involved in your investment and bear in mind that there will surely come bad times when it look as if you have made the wrong investment decision but those challenges are what makes an investor become stronger to still continue without feeling the impact of how the market turned out. Having the feeling that you can lose all your investment will give you the idea to not invest all your money but with just what you can afford to let go without feeling bad about it.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.
Being successful at the end of a task is a big deal. However, even if you fail, you can learn a lot from it, which acts as a stepping stone to success later. It is natural for any investment to have risks. And this is something that investors must remember, so if they do not succeed, at least they will not suffer from mental illness.
Many times, even if the investor is very experienced, such unexpected reasons can occur that can cause their investment to fail.
However, it is possible to recover from this failure over time. The market does not always go bad, if you do not sell immediately after the failure, it is possible to turn around if you wait patiently.
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.
Addition from me is that there are a lot of scams under the guise of investment nowadays. And indeed this is where it is important to recognize each investment instrument that we want to enter well. So that we can avoid all forms of fraud in the name of investment.
Better late than never in investing because it is important for the future. And it's better to be slow but consistent than to be hasty but inconsistent.
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.
I will like to add this: 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.
"Never be under pressure to invest."
Pressure to invest can come from friends or family investing, and then you are under the pressure to follow them investing without you conducting your own research. Invest now, research later should not be your strategy when it comes to investment.
-snip-
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.
A journey that starts with a decision. Investing is a smart move made by people who know how to plan for the future to achieve financial freedom.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.
The greater the risk, the greater the opportunity to succeed if you know how to deal with it. Nothing is easy in every journey and people only see the results we receive not the process we go through.
Moving in silence without the need for audience applause is more attractive to future entrepreneurs without unwanted distractions by competitors.
.
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.
I like this; investment is indeed a journey and not something you jump into today and jump out of the next day. That shows that you are very unserious and stand the risk of losing your capital if you are not lucky. Still on this, if anyone comes claiming you would see huge returns on your investment in just a few days, they may be right, but be very careful and do your findings before going ahead with any 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.
Investment needs patience, commitment, and dedication. If you don't have all or any of these virtues, then you should consider being just an employee rather than losing the little capital you've managed to gather for yourself.
Finally, I will add that you don't just go into an investment simply because others are doing it. When you look at successful investors, you may not really know what they've been through to get to that level you admire. Every prospective investor must learn a few things about what they intend to invest in before investing.
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).
I have seen a real example of someone who was tempted by the illusion of getting rich quickly through investment even though he did not have a basic understanding and knowledge about investment, you could say he was one of the victims of the sweet talk of influencers on social media. Yes I agree with you don't expect to get rich quickly through investment because investment is only to build wealth little by little not to create miracles overnight.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).
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).
This is what we often find in my area where they think that investment is a get rich quick scheme, so they get trapped and end up being cheated with a large amount - this is not a small case but a lot.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).
Where the fake investment offers an unreasonable percentage, let's say ROI per day 10% 10 months can be 100% more profit that he has without doing anything just sitting and continuing to deposit his money, but you know most of those who get caught in this fraud where they do not understand investment at all, what is in their mind is investing and then getting profit.
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).
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).
I think these are the two most important points and all the rest are rather irrelevant. Starting with point two, many people see in the media and movies that people put one sum of money into an investment and get super rich from it - but that is extremely rare and not how most people find success. Success for the average person is a long road that requires commitment and understanding that they should keep adding funds through good times or bad. It takes most people decades of investing before they will be able to enjoy the fruits of their labor, but when it comes it is abundant enough to retire on. As for point one, 99% of people would do much better just investing in diversified ETF funds rather than trying to pick individual companies because unless you have the time to research them you will be wasting money.
Yes,
Another point to note is not engaging in any form investment with borrowed money because the end result might not be pleasant.
Unless there is a constant flow of cash from other sources.
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.
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.
Is it just me or did this guy post in the wrong forum? We’re talking crypto here — the same crypto that turned people like CZ and Justin Sun into billionaires in barely a decade.
If you wanna see how fast people got rich, just compare Warren Buffett and CZ. Buffett made his $100B over 70 years and got called the Oracle. CZ? Pulled that off in 6.
Personally, I stick to my own simple plan:
1️⃣ Just HODL.
2️⃣ Only pick coins the masses actually use.
3️⃣ Grab digital assets as soon as they hit the top 50
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.
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.
you made an excellent point in your explanation but i chose 2 out of all. the number one is very important because you need to know the type of business you want to adventure before doing it. i have equally done this type of business and i can boldly tell what the result turns out to be, instead of me to gain i lost. so it is good to DYOR before engaging into any business otherwise it will lead to loses.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.
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.
and secondly no matter how a business look so real or to good to be truth, we should not put all our fund to it because if it turns out to be bad he would find it difficult to bail ourselves out. so its important to invest what you can afford to lose so that when the worst comes we can swap to another business with our reserved fund, instead of planning to start afresh.
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.
Many invest through hype and that's a huge mistake that they do. Instead of knowing what they're investing to, they're only looking at the investors who have good stories of how much they've made with the profits they've got through those investments that they did.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.
There is always risk in investing, low and high. And you're right, be ready with the moves that you'd do with that.
Make sure that whichever is the outcome of it, you've been prepared and you'll accept it lightly because that's how investing works.