There are many ways to lose money, hence this list is not exhaustible. You can lose money by very simple and straight forward ways like by misplacing it, being careless with it, exposing it to theft, giving it to an ingrate e.t.c. There are also more complicated ways of loosing your money, like buying a product that won’t sell, a product that doesn’t work, being duped, investing in shares that is going down and selling before it goes up, gambling e.t.c. The list goes on and I’m sure you can remember many ways in which you have lost money. This is however not about all those ways, it is about a way that is common these days, and one that you might encounter if you get “gear” before you get “wit”.
Increasingly I see people developing a fundamental attitude about investing their money. People say that investments are all about putting your money somewhere where you don’t have to worry about what is being done with the money, so far you get your interests. This is wrong. Mark my words, any money you make without work, will not last! Even if what you are doing is investing, you still need to do the work of research, of fact finding, of monitoring the trends, of planning, of knowing when to go in, and when to go out. The richest investors in the world are working at it, anything that makes you believe otherwise will make you poor. The God ordained way of making money requires work. Continue reading






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