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Business News of Tuesday, 7 November 2023

Source: www.mynigeria.com

How to use money to make money - Reno Omokri dishes financial tips

The photo used to illustrate the story The photo used to illustrate the story

Social media commentator, Reno Omokri has advised users on the best way to make money when they have a significant amount of money.

Mr Omokri, who is also an author cautioned the easiest way to go broke "is to show people you have money".

He made this known in a post on X (formerly called Twitter) on Monday, November 6.

"The worst thing to do when you make money is to spend it to show people that you have money. It is the fastest way to return to broke status," he warned.

"When you make money, use it to make more money. When you make enough money, people will know without you saying it. Only people with an inferiority complex oppress others with their money. Money is not the goal," he continued.

"It is a tool. If you don't realize that money is a tool, you may become a fool. Money is not a tool to impress or oppress people. It is a tool to suppress poverty in you and others," he added.

Mr Omokri is known on social media for his periodic advice on finance and relationships.