kingthreat:
The lifestyle of yahoo boys is what drains them.
1. They spend lavishly.
2. Club and party weekly
3. Buy the most expensive cars, rent the most expensive flats.
4. Date high class ladies
5. Do expensive drugs. This is actually the worst. I know of a Gboy then in Yaba who hit 50M, rented a flat of 3M, bought a car of 20M. Guy went fully into drugs. Within 4 months he sold his car and went deeper into drugs. Didn't take 1 year before the whole 50M became nothing
The only yahoo boys that I know that are successful are those who do it coded and don't live that stupid lifestyle.

You're right

Anyways, I can teach you research writing, tools, and networking, and sourcing gigs. And you don't need to do a 9-5 job.

Fee: ₦100k only.

aariwa:
Same story never changes. Nothing good ever comes out from stolen money

They deceive yourself !
Many thieves out there (both polithiefcians and real thieves) are living fabulously good life, using the standard of how most people regard "good life".
Of course, there will be a few of them that will be caught every now and then, and punished severely.

oz4real83:
Some of their victims committed suicide, some lost their jobs, some lost their sanity, how will such money last

Apart from that, thr is no way, you are putting little efforts on something but the returns is coming in a skyrocketing ways, that, the person would not mismanage it.

That's exactly what is happening among politicians in Nigeria too, the money they get from politics, too enormous than their inputs.

That exact why Nigeria enter crises.

Those who are in helms of affairs, are spending resources extravagantly.

Sudden rich and sustainable wealth are two different things.

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PissInside:


If I got 100 million naira,I'll hire 50 people who can cook variety of meals ranging from Fried rice,Jollof rice,Ofada rice, Coconut rice,Soups,Salads,Moi-Moi, Turkey, Chicken,Goat meat ETC

I'll open a upscale food canteen in at least 20 locations in Lagos state with a distinct brand( The brand could be the name,design or advert style)

I'll focus on quality instead of quantity.... Nigerians love to buy expensive stuffs as long as they know you don't compromise.

For example,I could sell a piece of grilled turkey for 12,000 naira and people will buy it or a piece of well prepared catfish peppersoup for 15,000 naira....A big catfish costs just 4k or 5k so imagine the gain.

I'll make sure they open from Monday to Sunday ( Very possible,you only need a large staff and you pay them good)

I could go on but let me say if you got 100 million or less,and you want to double it in a space of 6 months,you can never go wrong with selling food, transportation and importation.

Even beggars and poor people eat not to talk of comfortable and rich people,As long as you're neat, respectful and good, you're destined to make it.

As for importation,you can import trending goods at 2000 naira and sell at 5000 naira or more.

Imagine a profit of 3k on 1000 goods sold,That's 3 million naira gain on just one product.

Its not
That easy bruu.. make the money fes then you come here talk

You might be right about the rest, but practical advice on food business is soooo not correct.

PissInside:


If I got 100 million naira,I'll hire 50 people who can cook variety of meals ranging from Fried rice,Jollof rice,Ofada rice, Coconut rice,Soups,Salads,Moi-Moi, Turkey, Chicken,Goat meat ETC

I'll open a upscale food canteen in at least 20 locations in Lagos state with a distinct brand( The brand could be the name,design or advert style)

I'll focus on quality instead of quantity.... Nigerians love to buy expensive stuffs as long as they know you don't compromise.

For example,I could sell a piece of grilled turkey for 12,000 naira and people will buy it or a piece of well prepared catfish peppersoup for 15,000 naira....A big catfish costs just 4k or 5k so imagine the gain.

I'll make sure they open from Monday to Sunday ( Very possible,you only need a large staff and you pay them good)

I could go on but let me say if you got 100 million or less,and you want to double it in a space of 6 months,you can never go wrong with selling food, transportation and importation.

Even beggars and poor people eat not to talk of comfortable and rich people,As long as you're neat, respectful and good, you're destined to make it.

As for importation,you can import trending goods at 2000 naira and sell at 5000 naira or more.

Imagine a profit of 3k on 1000 goods sold,That's 3 million naira gain on just one product.

If I have just 50 million naira,here's a list of profitable investments you could venture into.

1. TRANSPORTATION - This is one sector that can never be saturated.... Infact,go to any popular bus stop in Lagos by 7pm, you'll see hundreds of people waiting for bus.

2. CASINO - You see that game that looks like an ATM machine that people play nowadays at hotels and bars,it's so lucrative that a Chinese guy confided in me that some of their agents(The hotels,Lounges,Bar, Shop owners)make more than 5 million in a day....If you doubt me,ask any gambler around you.

3. BROTHELS - If you can build a 25 room brothel ,you'll never be poor.....Some brothels charge as much as 5k a day or 20k a week from their girls....20k a week multiplied by 25 is 500k a week....We haven't talked about drinks,chops,fines,casino and other stuffs that'll be ran in the brothel.

4. MINI IMPORTATION - This is a goldmine...Just find a trending product and buy from those Chinese websites and sell at a high price.

5. FOOD BUSINESS - I already touched on that....Every living thing needs to eat because food is essential.

ExAngel007:
Yahoo boys share their struggle with becoming broke after spending way too much on frivolities

In a series of viral posts on social media, several former "Yahoo Boys" – a term used in Nigeria to describe individuals involved in online fraud – have come forward to share cautionary tales of their experiences with sudden wealth from
cryptocurrency gains and other ventures, followed by financial ruin due to reckless spending and lack of proper financial planning.

The revelations, shared on social media by Sir David Onyemaizu, aim to offer lessons on the importance of money management and financial responsibility.

In one post, a man recounts earning $100,000 from Bitcoin trading between 2020 and 2021, only to face financial struggles shortly afterward.

Despite once having up to eight Bitcoins, the individual admits that he now has nothing to show for it. He reflects on the notion that "money not worked for" often leads to wasteful spending, emphasizing the importance of valuing
legitimately earned income. “Calculate the price of BTC from 2020 to 2023 October, then you will get the price. 8 BTC ooo,” he writes, reflecting regret over lost opportunities and poor choices.

Another post features a former "Yahoo Boy" who recalls spending lavishly after his sudden rise to wealth, even renting a luxury home in the upscale Lekki area of Lagos. However, by early 2023,reality set in, and with no stable income source,
he returned to his hometown. He warns others about the pitfalls of irresponsible spending, noting, "Even the money you invest when reality sets in, you go pull out that investment to settle problems and bills."

The final message comes from an individual who lost his car, home, and relationships due to his financial downturn. After spending most of his newfound wealth in 2021 on hotel stays and luxuries, he now struggles to make ends meet.

Facing eviction, he reflects, “If I see 5k naira in my account like this, I will be so happy to tell the rate at which I’ve suffered.”


Read below………………………..

it doesn’t have anything to do with yahoo or illegally made funds.after all the president of ur country today made illegal money today his ur president.Its all about how u understand life.I know some yahoo boys that u won’t see inside club or hotels.they invest everything they make and drive regular cars.U can’t waste money and don’t get broke.70% of Nigerian billionaires today all had illegal beginning.Give me $100k today and all the witches in Nigeria cannot make me poor.This mad children will have 20m and go buy car of 19m.Thats a recipe for failure.

Ndenomy:


Its not
That easy bruu.. make the money fes then you come here talk

This is why we have a lot of poor and undetermined people in this country.

Nothing is easy....Dangote who is the wealthiest Nigerian of all time just ventured into Oil and we can see the challenges he's going through.

This is someone who is a cement god....Do you know how many musicians and skit makers we have in this country? Yet they keep making thousands of dollars on a daily.

Infact Elon musk once tweeted that he works 16 hours a day and people still call him lucky...Do you know what it is for a dollar billionaire to work 16 hours in a day?

Look at Davido and Dj Cuppy....They are both from a billionaire home yet look at the way they hustling like they from a poor home.

Nothing good comes easy, if it were easy, everyone will be rich and comfortable.

ecomalchemistt:
The question still remains , how would you Multiply 100M if you had it today ?

What business would you delve into ??

Practical ideas please, no motivational speakers !

If I have 40m.
Olosho Quarters is the new gold.
Rent a 4bed duplex in lekki cost 15m.
Cost of renovation 8m . Inclusive of bunks, generator and running cost .
Salary
2 bunks per room i.e 16 occupants in total
Daily fee of 10k
@full capacity is 160k per day.
@full capacity is 4.8m per month
@full capacity is 57m per year.
But it would be foolish to calculate based on full capacity
@half capacity is 80k per day
2.4per month 28m per year.
And also most of the time from experience you will be running at about 80% to 100%.

Accomodation @ 10k per day is a steal in lekki.
Some people do as high as 15-20k

Just as they say "Ashawo no be work" also "Yahoo no be work".

EmperorCaesar:


Understanding financial management will make you sustain wealth for years. It will guide you to build wealth securely, not just invest aimlessly.


Extravagant spendings and living a lavish life is the reason why most of them return to trenches

Karma doesnt exist, and life doesnt know the diff between legal and illegal wealth, so there's nothing like "suffering the consequences of their actions" in this case


Say No to Yahoo but, Financial Management is key.

Yeah. Money management is the greatest there is.
No matter how much you make, if you can't manage it probably, you'd just end up wasting everything and living from hand to mouth.

They're suffering because of the financial decisions they made, not because of any karma bs. Karma doesn't exist.

EmperorCaesar:


Understanding financial management will make you sustain wealth for years. It will guide you to build wealth securely, not just invest aimlessly.


Extravagant spendings and living a lavish life is the reason why most of them return to trenches

Karma doesnt exist, and life doesnt know the diff between legal and illegal wealth, so there's nothing like "suffering the consequences of their actions" in this case


Say No to Yahoo but, Financial Management is key.

Lol.

What a man sows, he reaps.

He may not reap it in the immediate, but it is passed on the his offspring.

I have some professors my family, yet I don't view education / knowledge as wide enough. It is becoz I have seen raw things.

Life is deep.

PissInside:


This is why we have a lot of poor and undetermined people in this country.

Nothing is easy....Dangote who is the wealthiest Nigerian of all time just ventured into Oil and we can see the challenges he's going through.

This is someone who is a cement god....Do you know how many musicians and skit makers we have in this country? Yet they keep making thousands of dollars on a daily.

Infact Elon musk once tweeted that he works 16 hours a day and people still call him lucky...Do you know what it is for a dollar billionaire to work 16 hours in a day?

Look at Davido and Dj Cuppy....They are both from a billionaire home yet look at the way they hustling like they from a poor home.

Nothing good comes easy, if it were easy, everyone will be rich and comfortable.

I Just said make the money first ngwanu

I see some people saying they lack financial management and I laugh..how would you dupe someone his or her hard earned money and expect it to be useful to you..the victims cried, wept and gnashed their teeth swearing for you..and you re here saying that karma is not real


Money gotten in dubious means doesn't last

Wasky101:

No such thing as karma.

Wealth comes with a price.
Every wealth person has done something untoward at one point in time or the other.
And I am not talking about wealth of I buy house for lekki. I mean wealth that can last generations.
People are quick to say look at dangote. Dangote inherited generational wealth, if you find out the source of the original wealth either from his Great grand parents or further down the line you will be shocked.
If in life you have the fear of God and conscience you chances of having generational wealth is next to zero.

💯

Dont ever in your foolish parent Life mention God's name again.
You are devil's child.

So cryptocurrency is yahoo abi what am I reading....we should separate the two biko.....back to those that lost their wealth....if it is ill gotten wealth then it will go back to zero....if not...if you fall ....you'll rise again....God is faithful and just.....

Though there's little legit money means in nigeria

But the rituals 4 yahoo, doesn't last well at all

Those people doing yahoo should learn from t-pain

Do ritual for drug conveying and use the proceeds to venture into politics or any of the cartel controlled biz in nigeria

It seems that way their money go last

EmperorCaesar:


Understanding financial management will make you sustain wealth for years. It will guide you to build wealth securely, not just invest aimlessly.


Extravagant spendings and living a lavish life is the reason why most of them return to trenches

Karma doesnt exist, and life doesnt know the diff between legal and illegal wealth, so there's nothing like "suffering the consequences of their actions" in this case


Say No to Yahoo but, Financial Management is key.

Karma does exist but it does not work the way you all think it works.

BTW what do you know about life? How many years have you live on this earth?

Bro you can't know everything about life.

Wasky101:

No such thing as karma.

Wealth comes with a price.
Every wealth person has done something untoward at one point in time or the other.
And I am not talking about wealth of I buy house for lekki. I mean wealth that can last generations.
People are quick to say look at dangote. Dangote inherited generational wealth, if you find out the source of the original wealth either from his Great grand parents or further down the line you will be shocked.
If in life you have the fear of God and conscience you chances of having generational wealth is next to zero.

The bitter fact

kkins25:
Yahoo boy talk say na "I'm alive standing by grace of God"..... Nigerians!!!!!!!

Hahaha, he doesn't know that karma is flogging him with Koboko laden with chilly pepper 🌶️ for all the atttrocities he has committed

No different between yahoo and theif

Many can relate lol

100 Million is the beginning of the saga

Nomerci:
Just like me,I picked 5m by Feb,but August it remained just 500k.as I dey talknto u,I'm left with 100k. I feel broke.and client. O gree pay again.

In banky w voice

Maga no gree pay

Story.

ecomalchemistt:
The question still remains , how would you Multiply 100M if you had it today ?

What business would you delve into ??

Practical ideas please, no motivational speakers !

Good number of people with landed properties in big cities are experiencing financial difficulties and are selling.You will buy cheap and sell at millions of profit in months. Have some real estate experience in your location before getting involve. Outside this,I don't know what 100M or more is what doing

8 btc is heading to billons of naira now.

press9jatv:
that’s the mindset of Blackman. Once they hit their first 1m, they start to misbehave in the street. When the money finished, they go back to streets

Hahahahaha

I remember one stupid boy way pick 2million back then. He start to wear shoe inside house. Hahahahahha come day follow me day speak disjointed English join. "Mehn , men" when 2 million finish e come day wan form adugbo.
I no know when I ask am "nigga you don't have your shoes on"

Idiot vex eh..

Agba

PissInside:
If I have just 50 million naira,here's a list of profitable investments you could venture into.

1. TRANSPORTATION - This is one sector that can never be saturated.... Infact,go to any popular bus stop in Lagos by 7pm, you'll see hundreds of people waiting for bus.

2. CASINO - You see that game that looks like an ATM machine that people play nowadays at hotels and bars,it's so lucrative that a Chinese guy confided in me that some of their agents(The hotels,Lounges,Bar, Shop owners)make more than 5 million in a day....If you doubt me,ask any gambler around you.

3. BROTHELS - If you can build a 25 room brothel ,you'll never be poor.....Some brothels charge as much as 5k a day or 20k a week from their girls....20k a week multiplied by 25 is 500k a week....We haven't talked about drinks,chops,fines,casino and other stuffs that'll be ran in the brothel.

4. MINI IMPORTATION - This is a goldmine...Just find a trending product and buy from those Chinese websites and sell at a high price.

5. FOOD BUSINESS - I already touched on that....Every living thing needs to eat because food is essential.

EmperorCaesar:


Understanding financial management will make you sustain wealth for years. It will guide you to build wealth securely, not just invest aimlessly.


Extravagant spendings and living a lavish life is the reason why most of them return to trenches

Karma doesnt exist, and life doesnt know the diff between legal and illegal wealth, so there's nothing like "suffering the consequences of their actions" in this case


Say No to Yahoo but, Financial Management is key.

Financial management no concern yahoo boys. I'm serious

Whytelyon:


Hahahahaha

I remember one stupid boy way pick 2million back then. He start to wear shoe inside house. Hahahahahha come day follow me day speak disjointed English join. "Mehn , men" when 2 million finish e come day wan form adugbo.
I no know when I ask am "nigga you don't have your shoes on"

Idiot vex eh..

na Gaari he Dey drink now. Yeye boy