How can a student make balanced investments without his source of income?

[Plutomanian]

More than 15% of Nigerian students in this era make money through online skills and scams, allegedly. These are the students this topic should be centered on. Not on students still relying on their parents to cover their expenses. Because a student who clubs, drinks, does drugs, and smokes has the money to do little investment.

Students who make their own money while in school, regardless of the means, are entitled to start an investment of their choice. Some of them are already business owners before they are done with school.

Students nowadays no longer find interest in keeping up with asking for money from their parents or guardians, they intend to hustle their way to the top, 90% of students don't care about the means of making money, and the vast numbers sticks to scamming and so on. Illegal means of generating income wouldn't do any good rather it will just make one become more deep into fraud which will end you with no investment. I've come acrossed internet fraudsters, these boys are living the best lives, what they do is buy exotic cars, buy houses and travel round the world, only few have good sense to wash their money with good and solid investment which will pump hugh profits for them and before you know it, they're out of the game.

[Dogedegen]

Well it is possible for a student who gets money from his family to do so but imo it’s not ideal, atleast if he wants to start investment, he should have a source of income. Most students nowadays do remote jobs and earn some money that help fund their lifestyles…for those group of students, they can invest but for someone who doesn’t earn anything rather he spend from his allowance, I don’t think it’s ideal for him to invest.

It is ideal, you are wrong. When you are receiving money from some source without actually working you have more time to consider things properly and do the investments, when I was young most of my investment came from money that was not from jobs. Some of my best successes were made with this money, so the claim that you should have a source of income is not true. You can invest with any money, it does not matter how you are getting it.

The fact that you received money you didn’t work for doesn’t mean it is ideal for you to start any investment, CONTEXT matters.

Let’s look at it from a perspective of the life of any average Nigerian student, as some replies above have already mentioned, the money an average Nigerian student get most a times aren’t enough for their expenses (Necessary expenses in this cases not the other unnecessary ones), when you’re in this kinda situation you’re more focused on survival and sadly that’s the situation of most Nigerian student because of the economic hardships.

Your youth and other people’s youth are different, you can’t compare the fact you got your investment money from other source which you didn’t work for to the allowance that a student gets for his expenses in school. Also I’d like to clarify something here, you can still invest even if you don’t have a job, I’ve also read in this thread from a reply….the allowance or “free money” you also get is also a source of income.

It’s really good for student to have a good and proper financial management skills and they should invest in learning real life skills that would help them get incomes.

You are wrong because the data agrees with my argument, I have asked ChatGPT for quick estimations specific to students in Nigeria:

The closest evidence suggests that around one-third (≈31%) of university students are current alcohol users, but not all of them necessarily buy alcohol with their allowance, and some may use earnings from work or other sources instead.
A 2021 university study found an overall smoking prevalence of 35.25%, but this included cigarettes, shisha, and cannabis. Only 12.5% smoked cigarettes exclusively.

This means that at least one third of the students have the money to be able to invest, they are just using this allowance the wrong way. As long as you can even have 1 drink per month,. you have money to invest it in Bitcoin so it is better not to lie to yourself. Many people lie to themselves because they have bad money management skills, so instead of admitting that they have an issue they like to pretend that they don't have enough money to invest. If you want to invest, you will find a way to do it. If you don't want to invest, you will find excuses not to do it.

More than 15% of Nigerian students in this era make money through online skills and scams, allegedly. These are the students this topic should be centered on. Not on students still relying on their parents to cover their expenses. Because a student who clubs, drinks, does drugs, and smokes has the money to do little investment.

Students who make their own money while in school, regardless of the means, are entitled to start an investment of their choice. Some of them are already business owners before they are done with school.

Students nowadays no longer find interest in keeping up with asking for money from their parents or guardians, they intend to hustle their way to the top, 90% of students don't care about the means of making money, and the vast numbers sticks to scamming and so on. Illegal means of generating income wouldn't do any good rather it will just make one become more deep into fraud which will end you with no investment. I've come acrossed internet fraudsters, these boys are living the best lives, what they do is buy exotic cars, buy houses and travel round the world, only few have good sense to wash their money with good and solid investment which will pump hugh profits for them and before you know it, they're out of the game.

You are mistaken in your interpretation. The scammers that you may have seen who are living their "best lives" are living horrible lives and all have mental diseases, none of them have any kind of peace. Secondly, you are looking at the top 0.1% of scammers. Most have very little money because they do not know how to handle money and their successful scams are low. It is actually this illusion that fraudsters can have good lives from the internet that is pushing more of the students into that path, but the reality is misrepresented. Very few scammers ever manage to buy a single exotic car, in Nigeria or anywhere in the world. Don't believe what you see on social media, anyone can rent exotic cars and pretend to be rich with much less money.

[yixichloro2xx]

Its possible but we have to look at another factor which is how much wage do they receive from their parents or guardians. Some students receive ₦10k-20k per month, and I don't think student that receive that kind of amount would even be able to figure out discretionary income from such amounts.  Reasons are, feeding alone will eat up 70-80% of the money no matter how they want to cut their expenses, because we know how costly things are in this country. Another one is bills that students often pay in class and extra stuff, so these kinds of low wage students wouldn't even think about investing in Bitcoin because they are after their own survival. Students that receive ₦50k above can figure out discretionary income from their wages even if it's ₦10k, so these people can easily sort out their expenses and bills for that month and then any remaining funds can go into Bitcoin. So, for students to invest in Bitcoin it depends on how much wages they receive from their parents and guardians and if they don't have extra source of income.

[Cryptomultiplier]

I settled down to read a lot of the replies here because I think from my experience as a one time old student, nothing about investment ever interested me and i think same applies to the current generation of students alike.
I mean, take a look around, this is Nigeria where the lecturers make money from students and when you don't have money most times to comply, you fail and have carry overs. So a student these days always got to learn to 'sort' courses or give gifts to lecturers or supervisors, just to pass with good results.

Another is the living conditions the school environment provides. You got to see how life is difficult for some, no water, no light, no good food, no good transportation system or security. So tell me how it's possible for most students who don't drink or smoke or socialize much won't have one or more of these outlined problems to deal with on a regular and spend money while doing so.

DCA strategy might be good advice, but as a student, to focus on your education is far better and it is only when you earn extra money from doing other jobs or you had a skill before entering school and you use it, that the idea of investing to multiply your income or set your self up after graduation, rests easy on your conscience.

[Hypnotizer]

-Snip

You are wrong because the data agrees with my argument, I have asked ChatGPT for quick estimations:

The closest evidence suggests that around one-third (≈31%) of university students are current alcohol users, but not all of them necessarily buy alcohol with their allowance, and some may use earnings from work or other sources instead.
A 2021 university study found an overall smoking prevalence of 35.25%, but this included cigarettes, shisha, and cannabis. Only 12.5% smoked cigarettes exclusively.

This means that at least one third of the students have the money to be able to invest, they are just using this allowance the wrong way. As long as you can even have 1 drink per month,. you have money to invest it is better not to lie to yourself. Many people lie to themselves because they have bad money management skills. If you want to invest, you will find a way to do it. If you don't want to invest, you will find excuses not to do it.

I said the “Average” Nigerian student, 1/3 is a big number but that can’t be used to justify the live of an average student. I know a lot of student need to improve on how they managed their finances and they need to stop somethings they do and instead divert the money to something more beneficial like investment and learning new skills but that doesn’t mean my initial claim about this was wrong.

Investments aren’t things that are forced and likewise when someone wants to do it, it’d be hard to stop him… so I’m not saying it wrong for a student to investment rather I said it’s not ideal but someone that has  long term thinking and wants to invest can still do so.

[DiMarxist]

You can only invest money from your discretionary funds which is why as a student especially in a country like Nigeria, it's going to be difficult for a student from a ordinary family is going to invest in Bitcoin. As a student any money that is given to you is ment for your comfort while studying, it's will be difficult for a student to save money because there are allot of expenses that is associated with schooling in a country like Nigeria. Many students are just barely surviving in school so the visibility of a students in a higher institutions from a family that is surviving is very low. The only students that can afford to invest in Bitcoin are students from a rich home such as politicians and big business men.

[Princess Leah]

More than 15% of Nigerian students in this era make money through online skills and scams, allegedly. These are the students this topic should be centered on. Not on students still relying on their parents to cover their expenses. Because a student who clubs, drinks, does drugs, and smokes has the money to do little investment.

Students who make their own money while in school, regardless of the means, are entitled to start an investment of their choice. Some of them are already business owners before they are done with school.

Students nowadays no longer find interest in keeping up with asking for money from their parents or guardians, they intend to hustle their way to the top, 90% of students don't care about the means of making money, and the vast numbers sticks to scamming and so on. Illegal means of generating income wouldn't do any good rather it will just make one become more deep into fraud which will end you with no investment. I've come acrossed internet fraudsters, these boys are living the best lives, what they do is buy exotic cars, buy houses and travel round the world, only few have good sense to wash their money with good and solid investment which will pump hugh profits for them and before you know it, they're out of the game.

Many people are now realising that securing a job after school is tough so they do whatever they can to earn even while in school, it's unfortunate that fraud is what the majority had to see as a means of survival but that's by the way. The point is that most students don't know how to invest for the future, maybe it's because many don't earn it legitly which is why they spend it lavishly.

 Visit clubs or top entertainment spots you'll see that most of the ballers are students, who spend lavishly on drinks and drugs. Such money if channeled into investment like Bitcoin could be helpful in the future but only few are wise enough to secure assets, start up businesses etc.

[Pablo-wood]

More than 15% of Nigerian students in this era make money through online skills and scams, allegedly. These are the students this topic should be centered on. Not on students still relying on their parents to cover their expenses. Because a student who clubs, drinks, does drugs, and smokes has the money to do little investment.

Students who make their own money while in school, regardless of the means, are entitled to start an investment of their choice. Some of them are already business owners before they are done with school.

Most students who do wild things in school have senior influencers who sponsor those lifestyle. most of them can't give out the money by hand but are ready to spend any amount has long as it wouldn't yield any positive result on the student. During my undergraduate days I came to understand that students who take hard drugs usually attract a class of citizens and this citizens don't mind going any length to make this drugs available.

Making money as a student is not easy but once a student unlocks that level they can navigate their investment choices swiftly.