Topic: Learn to use your profit wisely (Read 216 times)

From the story you gave, I understand one thing. which is the experience and age difference between the two of them; the younger guy lavished all he had worked for uselessly, and he got more than the older one. While the older one uses the money for his health and buys some clothes, from the story, you will discover that one of them is confused about his life. And the other one already knows about it.

Why I say this is because the young one uses what he gets to show up, which is a direct road to poverty, and he didn’t know,because if he had known, he would have utilised that opportunity that he has to build a bright future for himself and do what he wishes with the money in the future. Because you can’t tell someone what he needs to do with his or her money because there are the ones that work for it, not you, and from seeing the both of them, you will know that the older one is living more healthy and better than the younger one, and the younger one has more money than him. That is what I call the power of age and experience, which the younger one finds hard to get, if not all that won’t be happening.

Okay, you have said well but in some businesses, how can you know the rainy days? However, not all time that businesses will flow well and not all time that businesses will not buy the process to get the business in this country is what really matters.
Nevertheless, many businesses and investments starts from crash and most of them are no were to be found and some are still progressing or doing very well, one thing for sure is that everyone who's into investment or business should plan ahead so that nothing will crumble the investment or business when the rainy days come but how can one know the rainy days?
That's definitely difficult but as we can not also know the positives or negative of Bitcoin price we can not also know the positives and negatives of investments and business, so saving and making sure that the business we do or the investment we partake is going well is the best.
Just like Bitcoin investments, some investors buys the dip and sell during the ATH, some just accumulate even when the price is still hing they buy buy buy and they still buy (not relenting).

Many businesses, empire, organizations and personalities etc don crumble because of not using their profit wisely and lacks planning towards the future because there are times in every business or our lives which the profit we get will not come as always, so effective planning for the future, saving for the Rainey days and investing rightly matters a lot

Your Matta carry points for head and no be today people start to dey mess up if they get small money for hand, most especially the young boys, young boys this days don't know anything than wearing a good clothes, flex and party around, if young guys see money na so their body go dey shake like say na from their place person start to dey make money, as for your that your story about those guy's, make E no dey surprise if you hear say them never achieved anything for their life, only waiting dey go Don achieve no go pass iPhone and clothes even their parents them no go help.

And for anybody wey hold bitcoin for a long time and sell it and got a lot of profit without using it for a good thing, my brother that person no go ever make am for life again because that person no go ever plan for him future, as an investor immediately after you see that you have made a lot of profit, the first thing that will come to your mind should be how to open another business and make some changes of your life, and for the last one, anybody wey dey get money and he no dey take care of his family na comfirm mumu because without family blessings in your hustle your hustling is nothing.

Money has a way and an attitude it brings that most people are not able to control. You can have good plans before you have money, but when the money comes, some other wants set in and can change your plans to spend wisely when the money comes. Practice money discipline now wey money never too dey so that when the money go start to dey come you go get sense to take know how you go dey run am because most times na people wey never too dey used to money nai dey carry spend when money start to dey enter their hand.

Well... we go understand say young teenagers thinking and adult no be the same thing. E just be like those young people wey dey do yahoo and the way dem dey show deirself. So most young people are wasteful when money begin enter their hand at that early stage, na that one be the koko. But as you dey age you go dey see responsibility as a responsible person oo but if you no dey responsible, you go still dey carry on like that and wetin suppose be your responsibility you no go send am. As a responsible adult, no be every thing you go dey spend money on especially lavishly and e bad say make you no get better thing wey you dey do wey go dey carry income enter.

That's very correct my broda, the future is what every mature mind would be thinking of some person don't even use one percent of their earnings as they are of the mentality that we only live once and we need to enjoy every moment of it which I don't argue but in that enjoyment we still need to be wise and do things with wisdom knowing that the future is actually bigger than the present and if you plan towards it then you won't regret.

This na one of things wey dey make plenty people for our society dey grow broke and laslas Dem go come put the blame for our family juju head. I know plenty youths wey as money touch their hand the first thing Dem dey think of na cloths and flexing, as if na competition Dem dey do for this life. Though once in while we suppose flex our selves out, but make e no be our number 1 priority immediately money pass our skin. And  I thank God for Bitcoin investment wey you nor need to buy 1 full Bitcoin before you be investor. Any amount wey you get you fit do DCA dry put small small for long period of time.

This is what any body whose is mature enough to think about their future should do and have at the back of their minds. I do not condemned anyone spending money on women , clubbing and alcohol especially when I do not know them so well. These monies spent on these things may have been allocated for them and it may even be just 1% of their earnings. But I understand the message the OP is sending, spend your profits wisely. Do something with it that would make your future self be proud of you.

You're right, no one is saying the flexing and drinking or celebrating is bad but some people dey wey sabi do over with their money and forgetting about the things necessary, na common mistake like this people dey do na why them no get any valuable property like land, house, car etc, I always like the idea of buying sometimes valuable after winning huge from investing or business, I read similar topic like this in the gambling board, after winning use the money wisely and this thing dey common for gambling na why some addict no get any valuable property to showoff, at a point I started wondering cause I never see person win bet then decide to buy something valuable rather na to bet again, what you just said is the truth and we should learn to use our income wisely to avoid hardship.

Everybody get different priorities in life but your advice dey solid, make we no dey reason wetin people dey use their profits do because na only them know as e dey be for their side. E get people wey be bread winners and as soon as dem make any profits dem dun disburse the money to family people dem make dem dey alright. Nothing bad in doing that because no body go provide for your family but you although as you dey do am try dey keep some profits wey you go use for raining days for savings. I dey advice people to use Bitcoin as their savings so no matter how you spend you go know say you get savings wey be still investments because as Bitcoin increase for price na so your savings go dey grow.


Na so everybody wey dun waste money been talk when dem no be get am. Money get spirit, E dey amplifier your bad or good behaviour and no be say e dey change anybody. When you no get you good money management attitude ls dem but get all the good plans E no go still work because as soon as small thing enter your hand, you dun dey ball pass pablo for the bars and clubs. But sha e good to plan for the money before E come so when e come you go dun get plans already to direct all the money to that way instead of wasting them partying.

Hmmm..., what is your definition of "something good"? Does it mean buying cloth or taking care of your health with your money isn't something good. Always remember the scale of preference, needs are different for every human being.


What is the difference between you buying a car and someone that bought cloths. Car is a liability which you will keep spending money on. Even enjoying yourself with small portion of your profit isn't a bad one. This is where budgeting and planning comes in. As a business man, you should always learn to pay yourself a salary out of your profit every month. This will help you not to spend your profit anyhow. The salary you paid yourself is yours and can be used for anything you want.

This thing wey you talk na correct thing. Even though we no get right to tell people how to use their money but as a wise person, everyone should know what's good and bad.
No be everybody wey come this life dey wise. After them don spend the money on irrelevant things and later go broke, the will blame their village people.

Your profits is not just to provide you with the opportunities to afford those of the unproductive and invaluable things of pleasures in your minds.
Of course yes everyone want to spend and crab all that they feels it is good for them but I can tell it that most of the things we spends our profits on are not Worth it. In some levels of times based on our financial portfolios and status, we still need our profits to be invested and enhances our incomes so that we could earn more and enlarges our portfolio and by so doing, we don't tend to settle for less or only striving on the materialistics.
The income of today is a hope of tomorrow so let's spend wisely considering our financial status.

When we make an investment and realized profits from what we did, we are not expected to spend the profit but instead, return it to back to the business to turn another investment that could yield more of it's kind, why we must ensure doing this is to make sure that we never run loss in times when we may not realize anything from what we have invested and the last profits realized could cover up for that, we have lots of opportunities in making a cryptocurrency inves because there's more profitability in doing so when we know how to go about doing them.

By now we suppose don understand say every human being dey different, everybody with him/her own way of doing things. Everybody go fit relate on how e dey take pinch am for body, e fit be say those things wey be say dey buy na wetin fit them for that moment cause you no fit tell stuffs about them, you no know if they don already things for them self already.
Another be say e get time wey go reach atleast you suppose enjoy life, all work with out play na him make jack be dull boy, so as you dey hustle try dey enjoy ur money because this life dey unpredictable.

Were e bad na repeated reckless spending and squandering of money when you never yet establish, na there wey problem go dey. For me any profit i dey make now na to use develop my self cos normally if i do good planning now come achieve things time go come when i go chop dat life even tire.

The thing is all about the difference in personality of individuals. Their are people lack proper management skill and so once they have any profit from a business outing, the first thing that comes to mind is to spend it all out.

Have you not wondered why an average yahoo boy will make like 3 million this month and in the next month you see him drinking garri? It's all about the mindset. And it's very bad to be reckless with our spending , believe it or not, profit don't always comes on a regular while trading and when it does come, it's necessary we make the best out of it. Of course using the money for health challenge isn't out of place but when all you think of is to wear the trending cloth at every point you make some win with your investment, poverty will come knocking too fast and I bet you can't run too fast from it.

I know it's not always easily to control ourselves when it comes to fulfilling the numerous wants that comes to our mind whenever we make some profit but if you don't want to remain stagnant in life, you go find way make use of your head.

To me using your investment cash to buy car nor be still smart move seff, normally investment money nah something wey you go use tey do things wey go still bring more good things for you or you go fit still use cover some expenses. Like person post for gambling board today on how he or she buy smart TV with money wey she win for gambling. That one nah still smart thing to do you go see the god things you don use your funds do.

you sure say you know the king investment the guy dey do because real investors nor go just carry money go club waste wey he mate dey hodl, Omo this time around mostly for this country wey nobody no where we dey go. You got to mind the way you spend ohh always think about tomorrow

I bring this discussion to us because today I listened to some discussion inside bus, and this guys are into crypto trading but they are not holding anything Bitcoin.
This guy's was talking how they make some money from trading Bitcoin but the younger one was telling the elderly one that he makes $300 in one night and he used the money for clubbing and buying cloths the next day, so the other one replied to him that he make just $177 but he used some of the money for his health issues and buy cloths and other things for him self.
As they are talking I was listening but didn't say anything because it was non of my business.
I bring this discussion here so that me and you go fit talk small about am. many people way they invest in Bitcoin, some of them dey use the money they do business, help their families and other important things for them selfs but many Bitcoin traders and some Bitcoin investors them no dey use their profits take do something way go dey important to them,.
Although, I am yet to become an investor but if by any means I invest and hold for long then get big profits from Bitcoin, I will use it to do something good.
So I dey try talk say as an investor, you should always use your profits to do something good, like building a house, buying a cars our opening business for your self instead of using the profits to flex and go clubbing at night. Still, no be only Bitcoin profits way you go still use do better things, you fit also use the profits them way you dey get from other businesses take do better things.