Imagine starting out as a hustler, and you eventually earned up to five million Naira, you will feel fulfilled right? If your answer to this question is yes, then you might end up where most people who had no knowledge of how money works ended.
Here are six reasons why people go broke after your first millions

1. People who weren’t born rich have little knowledge about how to manage wealth
Most people who weren’t born into a wealthy family before becoming rich usually do not have the financial education to handle the pressure that comes with money. According to Robert Kiyosaki, “Money does not make you rich, financial education does.”

2. Money awakes a spirit in you that makes you feel like you are more intelligent than others
The saying that you cannot really determine who a person is until they are rich is true. You will start feeling like a super intelligent human after making some money which might lead you to make some disastrous financial decisions.

3. It becomes impossible to say no to people around you when they ask you to borrow them money
One major cause of financial breakdown is mostly in our inability to say No to ourselves and the people we love. Rich people often draw a clear line when it comes to money and family, though it often leads to a family feud.

4. People with money suddenly becomes investors without a prior financial education. [/b]
Money makes you feel like you are capable of almost anything. People around you will suddenly turn into special advisers and come up with different business ideas that they think you should invest in. If you are not careful enough, you might end up making a financial decision that would end your life.

[b]5. The fear of becoming broke takes over
The poor man’s mentality can suddenly take over, and you become afraid going back to being poor. According to psychologists, there is every probability that you would end up being poor again if you allow these thoughts take control of you.

6. They do not know the difference between assets and Liability.
People who suddenly become rich tend to spend their money on things that would eventually put them in debt. Instead of spending on assets that would generate more income, they spend on things that would make them appear rich.

Making money won't keep you rich, getting a financial education will. Ensure you get the right financial education to keep you in the forever rich zone.

I agree with you

Too true


Reminds me of dem boys , hammered once, they gathered lexus in rented apartment, suddenly mugun eyes clear acc balance 500k , house rent 300k my brother , the complain no be here


3 convoys turned to one car with 5 passengers


But now they know better

You right..