There are many money mistakes that could be incredibly detrimental to your finances. Sometimes, great financial decisions come after a lot of bad decisions have been made.
For #TalkTuesday, here are some money mistakes that these 10 Nigerians made.
I did MMM in 2015, managed to flip my seed capital of 33k to 90k, then I divided it into two. I found a guy selling fixed matches on Facebook and wasted 45k on the games. The remaining 45k, I put it back in the ponzi. MMM crashed a few weeks to Xmas. That year, December was bloody dirty.
My boyfriend gave me a cash gift of 50k, at the time Etherum was 55k. I should have bought the coin at the 50k price, instead I went to buy pizza and shawarma.
Taking up a loan for a colleague in 2018 and he was fired early 2019. He made a promise to be repaying every month after receiving salary, but it was all stories from inception till he was fired. That was how my 188k went down the drain.
Made a bad buy on a Mercedes Benz. It sucked the hell out of me on constant fixing and repairs. I had to make a bad sale after two months.
From 2001 to 2003 I was blowing 100k every minute, spending senselessly.
My secretary advised me to start investing. I laughed at her and continued blowing my money.
My belief then was that only rich people invest. Funny, 100k is still a big deal today. Look at me now, NOTHING.
Buying a Spectranet Mifi for N17,600 which came with 45GB of data and I wasn’t able to use it within the room. It has zero network.
Omo! I gave my four years of savings for my scholarship to a Forex trader to trade and give me ROI. That was how my money entered voicemail till today…it is well
I lent a co-worker some money, she resigned the next day and I haven’t seen her again since then.
Omooo! buying a car for Uber.
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