I just remember wetin ph and gh cause.
No, I don’t mean Port Harcourt and Ghana o.
I mean, “provide help” and “get help”.
Hmmm.
Eh God. 💔😅
E wreck many people life o.
Although it made a few people overnight millionaires, but…
Na the people e push from millionaires to thousandnaires and hundrednaires plenty pass.
Especially the over greedy ones wey plan to use their profits from the platform tey enta Forbes list. 😅
Some people are still facing the consequences of their ignorance and greed till now sha
Because the money they borrow and have been unable to clear has set them 2-4 years back.
Imagine using money you’re supposed to guide while trying to level up – to be clearing backlogs of debts.
It’s some people’s reality right now.
Too bad.
The worse part is that, MMM, GHW and the likes has been coming back in different disguises/names
and some people who have been victim of the “fast money” schemes keeps falling for the new ones – hoping to recover their previous losses from the new schemes.
Just like one woman who borrowed money [ 6 digits ] from her church’s purse to run her business,
Only to discover later that she invested it in a ponzi scheme – hoping to double or triple within 48 hours.
Dem rush her go hospital for the matter sha. [ double wahala ].
Cos after she clear hospital bills, na to go start to look for money to refund church money.
She might get into more debts with interests in the process sef.
Now, with all these pressure, how dat kine person go tey think straight?
And if she con get children and house no too balance cos of bills and miscellaneous…
Before you know BP go high. Fresh additional problem wey go need money to solve.
Too bad.
Innit?
Financial illiteracy na monster o.
A deadly one.
It’s the reason some people will continue to struggle financially till they are old.
Financial illiteracy is a beast, we must all take upon ourselves, personally, to fight and defeat by ALL means.
It can ruin the quality of one’s life.
It’d make you think you can you can SOMETHING for Nothing.
It’s the reason some people are seriously dreaming to change their lives through betting, gambling, or ponzi schemes.
Omo! 💔🤦🏾♂️
Some people are slaves to financial illiteracy because they don’t understand what money is, and how it works.
Because if you understand that money is a tool , and is a means for exchange for value…
Wetin go make you think say you invest 20k and expect to get 60k tomorrow.
Where the extra 40k wan come from?
Yes, there are some few businesses with high risk, like trading fx or crypto, to get such roi in minutes or hours o
But, those are the exceptions, not the norms na.
If no be greed and foolishness promax, wetin go make person use 1M tey bet hoping to win 1.1Million.
And then losing the 1M cos of greed to get “free100k.”
E be what?
E be tins!
Omo, in all your learning, try to learn about financial literacy o.
E Get Why.
Stay Sharp