A South African ๐ฟ๐ฆ female boxer stepped into the ring, but the moment she realized her opponent was Nigerian ๐ณ๐ฌ, and the Nigerian opponent was not smiling with her due to the X0nophobiยข attack going on in African.
Just immediately she saw the Nigerian opponent was not smiling with her, she left the ring and ran away. She's not yet ready to lose her life ๐๐คฃ
@josewealth20@Mrbankstips Wait until u become father before you go fit dey ask your papa this kind question...watin u dey use ur own time do now that you are not yet father
Getting rich and staying rich are opposite skills.
Getting rich takes optimism, risk and conviction.
Staying rich takes paranoia, humility and the willingness to look like a coward.
Most people who hit it big go broke because they keep using the skill that made the money to try to keep it, know which game youโre playing.
Money isnโt a separate game from life. Itโs just the most measurable form of patience.
If you canโt be patient, no income will save you. If you can, no setback will end you.
You just made your first $1M. Your brain immediately jumps to the bigger house, the nicer car, that business idea youโve been itching to execute.
Resist all of it, that instinct is exactly why most people who come into money are broke again within a few years.
The move nobody teaches you: do nothing.
Let it sit. Donโt deploy it, donโt try to flip it, donโt show it off. Park it somewhere safe that pays you while you think. Lock it into a 2โ3 month yield-bearing instrument e.g T-bills, low-risk positions, safe and battle-tested protocols.
Youโre not trying to get rich off it; youโre already there. Youโre buying yourself time to think clearly and getting paid to do it.
Run the numbers. $1M at just 5% APR:
โ $50,000 a year โ $4,167 a month โ $137 a day
Every day you wake up, $137 landed in your account. You didnโt touch your principal. You didnโt lift a finger, and if that 5% compounds daily, youโre closer to $51,200 a year, the money starts making money on the money.
So before you spend a single dollar or naira, ask yourself one question: can this purchase pay for itself from the interest alone? If yes, youโve earned it. If no, youโre eating your seed.
Anyone can GET money. Keeping it is a different skill entirely and it starts with the discipline to sit still while everyone expects you to splurge.
Sometimes parking it and letting it pay you is the best play ever. This is from experience, donโt joke with your once-in-a-lifetime SEED when it comes your way.