Have he invested the ₦30 millions winning wisely?

[cryptoaddictchie]

This image have being flying all around social media here in my country, the image above is taken from one of the social media posts, for the evidence of this discussion and More understanding here is the man story.
He won 30 millions naira from sport betting, and he went ahead to buy all those machines that you see in the picture, do you think he did right by buying 4 keys at the same time and what is the economic benefits of this items please I will like to know, do you believe he made the right choice of spending his gambling winnings on this items, or he should have done better.

Honestly, turning betting winnings into physical assets isn’t a bad idea at all, especially if those machines can generate steady income or be rented out. Buying four at once is bold, but it shows he was thinking long term instead of blowing the money on lifestyle flexes. Whether it was the best choice depends on how well he manages them, but it’s still smarter than leaving the money to disappear the same way it came.

[Cointxz]

He won 30 millions naira from sport betting, and he went ahead to buy all those machines that you see in the picture, do you think he did right by buying 4 keys at the same time and what is the economic benefits of this items please I will like to know, do you believe he made the right choice of spending his gambling winnings on this items, or he should have done better.

Depending on the context for his investment idea. If he will use it all on to something that will generate profit or help him improve his life I believe he did a good job on this investment using gambling profit.

In general, what’s important is the fact that he already takes profit instead of gambling it again since there’s a possibility that he will lose it back.

As long as he manage to use the profit I think that already a wise decision.

[jcojci]

We don't knows what he will do with those 4 keys. He can using for working or other business and he will be on the right way using his big win. He can use that to carrying stuff, lot of stuffs together or he can rent 2 keys which can gives him money.

We also don't know how he use the big win. Maybe he makes the right choice of spending his gambling winnings buying those 4 keys. Usually people around him will see something later so they can knows if he use his big winnings with the right or not.

[rachael9385]

This image have being flying all around social media here in my country, the image above is taken from one of the social media posts, for the evidence of this discussion and More understanding here is the man story.
He won 30 millions naira from sport betting, and he went ahead to buy all those machines that you see in the picture, do you think he did right by buying 4 keys at the same time and what is the economic benefits of this items please I will like to know, do you believe he made the right choice of spending his gambling winnings on this items, or he should have done better.

In a country like Nigeria this is actually a good investment,  running a tricycle alone can give you daily income and this can keep on giving him the income he needs but there are risks that comes with this, if he isn't the one that's running these machines it would be dangerous because the persons can claim that they got stolen or damaged and once that happens there's nothing much you can do about it.

[LogitechMouse]

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He won 30 millions naira from sport betting, and he went ahead to buy all those machines that you see in the picture, do you think he did right by buying 4 keys at the same time and what is the economic benefits of this items please I will like to know, do you believe he made the right choice of spending his gambling winnings on this items, or he should have done better.

Looking at the vehicles that he bought, he can use the 1st and the 4th one to deliver goods from one place to another, and that might make him more efficient if he's a delivery man in the first place. As for the 2 motorcycles out there, he can rent it to anybody that he knows out there.

I mean I can those 4 vehicles, and I can use it to generate money for me. Now if that person can't maximize it, or use it to generate money for him then it will not be worth it. For me, it's the right choice IF he will be using it to make money, or he will be using it to travel faster to work, but if he will just be using for some things that will not make money for him then it will not be worth it.

He could've use the money in a better way like maybe building a business? Or investing it into other assets like maybe in the Stock Market. Whatever the case is, this isn't a bad choice at all.

[len01]

This image have being flying all around social media here in my country, the image above is taken from one of the social media posts, for the evidence of this discussion and More understanding here is the man story.
He won 30 millions naira from sport betting, and he went ahead to buy all those machines that you see in the picture, do you think he did right by buying 4 keys at the same time and what is the economic benefits of this items please I will like to know, do you believe he made the right choice of spending his gambling winnings on this items, or he should have done better.

It all depends on what that person’s next goal is. If he plans to buy a few vehicles to start a transport service or rent them out then that is definitely a very wise decision.

Sometimes people have plans that we do not know about and some of them also tend to think further ahead by investing their money to generate daily income such as renting out those vehicles instead of just keeping the money and eventually using it for gambling again.

And I am sure that judging from his wise way of thinking he has also invested his money elsewhere such as gold or maybe even crypto.

[Sammye3]

The purpose of buying this specific vehicle depends on the nature of its use in his country, as i suspect it would be used as business vehicle so it is not entirely a bad investment for him. Most people might actually win such amount and still decide to put the money back into another bet to earn more but I'm happy he had that discipline to immediately utilize the money wisely before making rash decisions.


Congratulations to him on his 4 keys.

[stompix]

This image have being flying all around social media here in my country,

Yeah, so move it to your local board..
No offense but 99% of the world has no idea what the fuck they are looking at there, they don't know the prices, they don't know what opportunities they have, basicaly zero, so just plain comments.

For example, this is 3 BTC , or $200 000:


Be honest, do you have a clue what you're looking at?
Let me give you a hint, it makes you $10k a year before taxes!

[Peanutswar]

Well if thats the case he used only the money he wins into a more useful thing so does it mean he knew how to manage the risk on the winnings if your wins can be used in a way that helps you about your daily activity and ease your work i can say that he utilized his wins.
If other people on that possible they gamble again and try their luck to win more.

[swogerino]

This image have being flying all around social media here in my country, the image above is taken from one of the social media posts, for the evidence of this discussion and More understanding here is the man story.
He won 30 millions naira from sport betting, and he went ahead to buy all those machines that you see in the picture, do you think he did right by buying 4 keys at the same time and what is the economic benefits of this items please I will like to know, do you believe he made the right choice of spending his gambling winnings on this items, or he should have done better.

I think he made the right choice by buying what he likes that will also help him in his business. I am sure he has saved some money for another good use and this guy needs respect because he did not spend them in gambling again like most people do. I have also done something similar on a lower scale when I have bought a Playstation 4 and the latest phone and tablet for myself as a well deserved prize after a great win in gambling several years ago. So I see nothing wrong in this behavior.

[purple_sparkles]

This image have being flying all around social media here in my country, the image above is taken from one of the social media posts, for the evidence of this discussion and More understanding here is the man story.
He won 30 millions naira from sport betting, and he went ahead to buy all those machines that you see in the picture, do you think he did right by buying 4 keys at the same time and what is the economic benefits of this items please I will like to know, do you believe he made the right choice of spending his gambling winnings on this items, or he should have done better.

It all depends on how this asset is used. If it’s used for earning money and the profit depends on the amount of work done, then it was a good decision, he’ll be able to use the equipment, hire additional people, and generate income. But if it’s just to look cooler, then it’s a bad investment. Over time, all equipment breaks down, and if there’s no income, no one will be able to repair it.Using easy money to implement business strategies is a very good choice, but spending it on entertainment can later become a cause of depression, because there won’t be the ability or the skills to continuously maintain the lifestyle that has already been tasted.

[Fiatless]

Well, everyone has their choice, after winning 30 million I don't think i would buy such stuffs repeatedly, I would have diversified my investment instead of only focusing on just the transportation business alone isn't really a nice one to start with but you must have a pan A and b just incase A doesn't work out you can switch to something else and try other things,  in my opinion this was a terrible mistake.

He bought what he could manage effectively. I know most people here will use the money to invest in Bitcoin, gold, or other assets. But these assets I mentioned need a basic education to understand. It is possible that he is not educated and those things he bought are profitable in his location. In my area, those who own key four make lots of money. People hire it to transport farm produce from different locations.

In my view, he invested the money wisely if all these assets will bring profit. He deserves respect for not wasting the money on gambling or a lavish lifestyle.

No offense but 99% of the world has no idea what the fuck they are looking at there, they don't know the prices, they don't know what opportunities they have, basicaly zero, so just plain comments.

99% is an extreme figure. These items are popular in China, India, and other countries with high populations. Maybe it is strange to 99% of people in developed nations. 

[Ishicryptic]

Everything in that image is 5 times less than almost $21000 which is 30 million naira equivalent. I do not believe it or the man kept most of the money for a reason but used small amount of money from it for business reasons which we do not know, but it is a small business with the look of the image. If the story is true, I think the man wants to spend his money wisely.

Total items are 4 not 5 mate, right the man have not spent much from the money and everything is little above half of his total winning of 30 millions at least this items should be somewhere around 15-17 millions naira, so he have alot of balance behind to fall back to, but the question is, have he made a good decisions of things to buy that could sustain his winning and possibly increase his money on the long run?

Firstly I think it is recommendable that he has invested part of his win on things that can generate income for him, some gamblers will spend most of their wins on luxury items and lose the rest back to the casino. I hope that this winner in discussion understands the type of business that he invested his money into because they are all depreciating assets, he shouldn't expect them to be in sound condition after a few years. I'm saying this because many people hear that a type of business is very lucrative and they jump into it without making research about it. If it's me I will rather invest in a business that has potentials to appreciate after some years.

[Fivestar4everMVP]

This image have being flying all around social media here in my country, the image above is taken from one of the social media posts, for the evidence of this discussion and More understanding here is the man story.
He won 30 millions naira from sport betting, and he went ahead to buy all those machines that you see in the picture, do you think he did right by buying 4 keys at the same time and what is the economic benefits of this items please I will like to know, do you believe he made the right choice of spending his gambling winnings on this items, or he should have done better.

Very wrong investment decision if you ask me, he should have really done way better than this, in the current Nigeria and economy we live and are managing, all of this machines (though depends on their handling and maintainance level) will all begin to develop faults at their respective times and he will not have collectively made back the 30 million he spent buying them..

But on the other hand, I want to believe he still has alot of money remaining from the 30m even after all of this purchases, I want to believe that he would have invested that remaining part wisely, like buying lands, and now is also a great time for anyone looking to invest in crypto to buy some bitcoin and hold..
So in the nutshell, this depends very much on what he spent the remaining part of the money buying or doing, this only will determine if all of this machines he bought will be profitable to him in the end or not.
Congratulations to him on the big win anyway.

[salad daging]

30 million naira is equivalent to $21,000, right? That's a big win in sports betting.

With the winnings bought vehicles in my opinion there is nothing wrong, the important thing is that they use the money for useful goods rather than playing again to the casino.

I agree with other opinions that they buy a lot of these vehicles for business, rent them out or use them for their own needs.
Wise or not depends on one's own perception, maybe for other people not but they might be wise.

[Dechris_08]

To me, he made a very wise investment.

He got something that, once he utilizes it well, will fetch him money daily or weekly.

[danherbias07]

It depends on the situation of the winner/buyer of the machines/vehicles. If he has some kind of business delivering things to other places, then I guess he made the right choice. If he is using it to service other people from one point to another, then I think it's also a good choice. It will continue making money without risking anything. It will be a business that will profit through hard work.

The last time I won a huge amount, I bought a mattress and some kitchenware. Did I make the right decision on buying those things? Yes, I did because I needed it. I don't think we should really care about what the winner will buy. It's his winnings. He has the right to buy whatever he wants. Actually, that saved him from gambling the money again.

[7juju]

Even though I don't believe the young Man spent all the money on the items in this picture, but so far he has spent wisely on what I'm seeing in this picture. About 3 items in this picture I believe are for commercial purposes which will generate more money for him and if they are well managed, he will get profits. But if I were this man, I would have invested in something that I can manage by myself. The challenge he's going to be having now is to find honest people that will handle these items for him. There are people he will give these items to he will regret ever investing in them.

[Gozie51]

do you believe he made the right choice of spending his gambling winnings on this items, or he should have done better.

For me he would have taken the best decision if he at least bought 2 or 3 plots of lands with part of the money and then probably added those machines he bought if those were his dream. Actually out of those machines, only two has capacity to generate money back to him on higher purchase agreement and the other two are luxury or maybe the other will be used for load carriage. One thing with investing in tricycle and machine is that you have to be careful not to be cheated at the end of the day. However, investment in properties would have been the best for him and I should believe he would be advised to use the remaining monies for that because with what he bought so far, he should still have more than half of his winning money with him. But I hope he won't go and buy car worth of 10-15 million because most gamblers who win jackpot never invest properly.

[AmaGold70]

This man is indeed among the lucky gamblers. However, the whole items displayed in this image are not worth up to 30 million naira and I believe he kept the remaining money aside for other reasons best known to him.
I so much love what this young man did and the items he purchased, these items he bought are all commercial machines apart from the ladies machine and if he bought them for commercial reason, I think he made a wise decision, and if these machines are handled properly he will not lack money any longer.