The reason why many people stay poor is the wrong choices they make when they have money.
Reno Omokri, a former aide to Goodluck Jonathan and author has given tips on how to spend money if one wants to be wealthy.
The Nigerian based in the United States in a post he shared on his Instagram page on Saturday explained that buying things based on emotions should be avoided to get wealthy.
According to him, money should be saved and invested first before the surplus is spent on basic necessities
He listed out some key things fans are supposed to follow to make wise investments about their money.
Wise Rules For Making Purchases
Stop buying things based on emotions. That is why the top 1% of the world are richer than the remaining 99% (Google it!). While the 1% invest first and consume last, the 99% consume first and invest later. It is why the rich get richer, and the poor get poorer. It is in your money habits!
Rule 1: I don’t want it but I need it-BUY IT
Rule 2: I don’t need it but I want it-DONT BUY except you have disposable income
Rule 3: I don’t want it or need it, but others do and they are willing to pay me to provide it for them-BUY IT! That is an investment.
These rules look simple, and they are, but if you follow them, you will simply be successful.
ayodejavu__: This man is really so intelligent I come here everyday to learn.. and even I give my girlfriend the illustration of the difference between needs,want, choice, scale of preference and opportunity cost everytime
loner_xx.xx: Olaburuku say you be asylum for USA😂😂 asylum dey travel like bird 🐦.
sylvia.patrick09: Looks simple but somehow difficult to apply. Thank you sir
vintage___lifestyle: Valid ✔️
debbizscents: Thank you