On this topic, I have got to say I don sell market wey pass 1M Naira but never hold the money in bulk for hand or account so I wouldn’t know how to classify that, as each time I look at my sales/record books and calculate my profit in a year, it’s over a million Naira doing the little business I do while looking for ways to upscale.
During the MMM episode, I lost a hundred thousand plus, just because I kept on at it till December even though I wanted to wait till January before I continue but finally did for December with 50% of the money being a borrowed fund. January I was in debt, well a subtle debt cos the lender wasn’t on my neck knowing that I was credit worthy. The good side of the MMM for me was getting to know about crypto currency; Bitcoin (BTC).
A friend asked me to come learn how to trade on it because it pays, took it with a pinch of salt, but when another friend called me to know if I deal on it as he wanted to sell his, I took it serious and told him I could buy it. He gave me to sell it, I went online and dutifully searched for legit buyers on the internet, got the needed response form Nairaland and that was the beginning. Made some little cool funds from it and this was January of 2017.
By April, some family challenges and I had to get a loan of over half a million from a very close friend without any interest to pay back before the year ends, took a little from it and invest into Bitcoin. With more and more awareness to those around me that I deal in Bitcoin and offer cool rates, I got people that were willing to sell to me and from there onwards kept at it and when Bitcoin boomed around October/November, I became a full fledged millionaire, with a couple million in the bank and others as assets in crypto currency such as Bitcoin, Litecoin, Etheruem, Ripple and a hand full of others. Cleared my parents flat rent, payed sibling’s fees, changed gadgets for them too, paid off the loan collected, bought a couple of lands at ibeju-lekki and gave out over half a million helping persons that needed money plus those that wanted to start businesses.
Well now that the crypto market is down, my investment in it has lost ¾ of its value, but still a millionaire though and still looking for more ways to make money so I don’t get to touch it while hoping it recovers as I am a true believer of the crypto trade, a stunch one that keeps putting in more money into it even though it’s value is currently crashing.
So far I am grateful to God for the turn around as I became a provider for those around me and beyond.