STOCKS VS. WHOLESALING (The truth according to doacWeb's founder, Didi-Omah Augustine Chinazaekpere)

Stocks are good way to make money, it is best to start compounding at young age and early. But stocks is not as the hypes goes, stocks takes time.

If you are looking for quick making money, don't go for stocks — do not buy any company's shares. You have to make money first before investing.

So go for wholesaling, yes! You have to make money, before investing. We need money for everyday living, we spend everyday, we need to make transactions in order to get things during the day.

Wholesaling bring in the money fast, while stocks build the wealth. Make money fast, build wealth slowly. You have a business paying you, and you want to compound wealth — then invest in stocks.

You have a job, that pays you monthly — then do the maths, and keep some percentage for stocks, purchasing bonds, holding company's shares, and likely starting your own business.

The truth is you must make money first before investing. Earning, before investment worth it.

When it comes to stocks, you are investing in the company; you are not likely owning the company — it sounds funny right! But that's the truth.

At 19 years, I secured my first shares in MTN Nigeria, then at 20 years — move to acquire shares in Dangote Cement Plc. Then having over five stocks, which I later sold them, holding on to Access Bank Plc, Dangote Cement Plc and BUA Cement Plc.

You have to understand how investment works and its worth. The best time to buy stocks or shares of a company, is when the company is losing in the market capitalization — stock market.

There is no better company out there, it is the customers and markets reach — that calculate the worth of the company in revenue generating. The more you reach more people, serve more customers — the more you become rich, and increase in worth.

That's the system. Increase investments before lifestyle, the fastest way to build wealth.

Next time you get a pay rise, increase your investments before increasing your lifestyle. 

Increase your earnings, let your investments make more money for you; while still working.

Pay yourself first, put money into emergency fund, retirement savings, personal savings, your personal education.

Gradually start increasing your lifestyle, with wisdom, not competing but treating yourself better. While still increasing your investments, paying yourself first and before increasing your lifestyle.

Your investments should be thirty times greater than your lifestyle spending. 

© Didi-Omah Augustine Chinazaekpere 

Founder/President, doacInvest.org