Phew!! I'm finally making an entry for this contest after so many procrastination but I'm grateful to the constant reminder I got from the nominated Nigerians. If you don't know, this is my entry for a Hive-naija contest and you can join by reading the contest post Here
Like almost everyone else (just being sarcastic after reading some entries), I suck at investment or should I say I'm still a noob who's learning from those who keeps teaching even without them knowing. Though I'm a noob that suck at investment, one thing's for sure.
I know that one must have had enough saved up before going into any investment. You might want to ask "Why having enough first?" You don't really need to have too much to invest but it would be best to be free enough to give an amount into an investment without having regrets.
There are so many investments one could get involved with and believe me "Each of them (no more, no less) have their own risks" especially when done noobstically... Just flow with the noob of a word 😂
The only investment I can remember getting involved with and still involve with is the Crypto - Investment. Mind you, this investor writing this started a few months back so she know almost nothing about these investments compared to some persons she knows here on Hive.
I'm still wondering how I got this far into investing on Crypto because I remember I was the type that preferred to spend as it comes and never worried for where the other money to spend would come from. But here I am giving my own tips on investment strategy.
Save Some, Spend Some
I try to save some part before spending and what I mean by saving is taking care of myself ad what I mean by spending is investment. I pay myself for the work done, then use some for investment so I could replace whatever I spent and also gain more. I don't like having the feeling of "I don broke" so I make sure to have investments that would cover up my expenses. Pay yourself before making investments, don't put all your earnings into investing. Some people throw all out for an investment and ends up not taking good care of themselves - I don't do that.
Pay Off Debts If Any
I know someone who has so much on investment but owes his friend a huge amount of money. I feel like it's unfair to go into investments when you could pay off some debts you're owing. "Heart can cut me if I dey owe person money" I wonder why some people aren't like that. While having those great investment ideas, be free from any debt - looking situation.
Ask Countless Questions
When I first got to know about crypto and it's investments policy, I remember one of my introducers saying "You too ask questions self" and I was like "Just answer this last one make I ask another last one". I'm not the type that ask so many questions and end up not doing anything about what I learnt. After asking questions and doing some research, I go into the investment with my gut feeling of having a good reward at the end and sometimes I also go into it with a testimony from someone I know.
Not a good way of investing I guess, but it works for me so I think I can share it as well.
There's one other strategy I'm yet to implement and that is
Not Focusing On One Investment
I have invested on some coins and will be doing more of that as time goes on but I still think of having another investment off the crypto world. There are some factors I have to look at before I go ahead with it but it's a nice idea from the reviews I've heard so far.
So in all that I'm saying, save some for yourself, be free with your investments, ask questions (do research) and don't focus on only one side of investments (be dynamic) and lastly:
Watch Your Investments
I don't agree with forgetting your money then check in a later time to get so much profits. Watch all your investments and their growth and if there's need to stop any, you do but if there's need to increase any input, you do so as well. Just be sure to watch your investment and grow consciously.
I will like to invite @officialuroga to join us at #hivenaija and also to participate in the contest, he's another amazing Nigerian writer I know on Hive who would have something to say about investments.
All images used were gotten from the bitmoji app
nice way of saying My Money, My Way I totally agree with that
Yeah, you decided how you spend your money. Thanks for stopping by
oh my gosh - i'm laughing throughout this hahahahaha
because i remember that sparkling outfit from our city hahahahahahaa
because you and your questions !!! LOL but you are RIGHT to ask these questions !! LOL that's how you prepare and learn and grow! so never let anyone stop you from asking questions.
also.. hehehe
i agree - that person needs to pay off debt before investing in themselves lol they need a spanking hahahahaha
people like that always amaze me LOL
😂 I love that outfit a lot, I keep using it even on WhatsApp statuses 🙈
Questions have a way of showing more than what people tend to tell us so we only know them when we ask.
😂 I agree with you on the spanking part, they need it seriously
Thanks for stopping by ma'am 😊
hehehe glad you show off the outfit! it needs to be displayed - i say! hahaha
I loved this the most. I don't understand how can one be satisfied while in debt.
That is a smart thing. One should have a wise look and evaluation for what has been happening to the investment. I think there is one more thing to add here. We should be patient. Sometimes, there is not enough growth initially but the thing has a potential to grow later. Knowledge matters, wisdom too.
And don't forget to pray because it is only God who has the power to turn anything into our benefits. Have a nice day ⚘
I'm so grateful for the addition you gave. We need God's guidance in all investments because we just plan and God makes it happen to our favor.
And patient! Yeah, every investor needs that
Have a profitable investment, girl!
God bless you
You know what? I am not entirely concerned about your investment strategy anymore 😏
You know why?
Those pictures were distracting me..... No, I don't mean in a bad way..... I mean the coolest way possible 🤣🤣🤣
I am being unserious right now 🤣🤣🤣
We are talking money, I am talking pictures 🤣🤣🤣
But joke aside, I want to use them sometimes on my posts too .... How do you do it?
It's so nice, just look at the way, the images resonates with every paragraph you use
Tell me... Please 🥺
😂 😂 😂 😂 😂
This girl ehn, can somebody come and carry this girl from my comment section? She's diverting my attention from what I wrote.
About the images, I got them from the bitmoji app. I created my own bitmoji (An image I feel looks a bit like me) then I get other suggestions of that image I created.
You just have to download the app and create yours, I would love to see how you look like in the app 😃
I hope I explained well...... After all, you didn't let me prepare for it 😏 my distraction girl 🤣
😂😂😂😂😂😂
You should know by now that I am fond of you 🤣🤣
So I'll be disturbing you every now and then 😛😛😛😛
Thanks, I'll look into the app at my leisure.... Wait, do we even have leisure anymore 😂😂😂
It's a lie.... I won't show you what I look like 🤣🤣🤣
If you like send bouncers.... They won't be able to drag me.... You are stuck with me 😛😂😂😂
Why do I feel both happy and scared by these words? 🤔 Let me just go with the happy part 🚶♀️🚶♀️
I do have ooo
But not you that's always everywhere on Hive 😏 igbo girl
🤣🤣 Don't try me o, I want to see your avatar and make sure it looks like you..... No faking 😝
I feel attacked and threatened, who will save me? 🥺
Why is she scared sef? 😒
Chai....... I want to be like you when I grow up 😁
Ewoooo....This is a lie.... Blasphemy of the highest order 😅😅😅
🤣🤣🤣🤣🤣...... I am not good with arts oooo, I may do nonsense.... I know myself 😂😂😂😂
You know who to call na 🙄😛😛😛😛
Hello dear,
I'm new here in #hivenaija and I love your investment strategy I think I can learn from you.
Thanks for this comment, I have been wondering how you get your images so nicely done. I will try the app to see how I look.
Ask the questions, do the research, don't put all your eggs in one basket.
Very wise advice.
I would say the first step in investment is don't spend beyond your means.
Never spend before you get.
Save at least 10% on everything you earn.
These have helped me a lot.
Thanks for adding your strategy to the ones I've mentioned, never spend before you get is a very wise strategy.
A very simple one but the most overlooked one too.
Nice way of investing I must say..they say person wey dey ask questions no dey miss road
😂 True matter o
You understand that part well 😉
Nice post. Well no need to get ahead of yourself. I understand that you are still new to the crypto scene and may not understand every aspect of it--same here. Just keep doing what you know how to do best, learn from other and take a few calculated risks. It would pay off in the end. Cheers!
True, I plan to do that. Keep learning and never stop learning. Thanks for stopping by 😊
I try to avoid being in debts as much as possible. It's not a good feeling band the worst is if you get to see the person you're owing everyday, you'd just want to stay home all day.
Investing in other things apart from crypto is nice. I know a guy who invests in traders and it's very lucrative.
😂 You know the matter very well, seeing somebody you owe is supposed to get you fidgeting but some people don't even react to it at all.
That's idea is a nice one, I hope I get to know more before I venture into one investment off the crypto world.
I hope you get in contact with more ideas.
Crypto investment is also a very good one tho.
Sure thing, crypto investment is the best ever from all I know. Just want to do something different from it, that's all
You should try it. It may work out.
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STOPAmazing strategy. You really seem to have an eye on your investments. As always, you can never go wrong with a crypto investment. Thanks for taking part in our contest.
It's a wow.
This is really amazing, thanks for sharing this beautiful strategies. A lot of them you mentioned I have always been working with them. Some time back, I shared similar tips, while talking about some saving tips and I did stress on the paying of debt part. Thanks for the mention, I will do my best to honour this invite. ❤️