“Why most Nigerian youth go broke after making money” – Don Jazzy

Nigerian music executive and Mavin Record label boss, Don Jazzy, has revealed the peak reason most young men go broke after hitting incredible financial paychecks.

He fantasised on the view of most young men fascination inclined in buying irrelevant properties that will eventually land them into a financial distraught.

Outlining key attributed financial fair, he revealed that even at the phase of his billionaire status, he still doesn’t bid the urge with squandering money on luxuries. Rather, he redirects them to businesses and assets that will generate money to him. He vowed to be able to attain a private jet, latest exotic cars, and other luxuries if he wanted but will rather invest the money.

His words:

“The reason Nigerian youths go broke after making a lot of money is because they spend on irrelevant things and things they don’t need”

“I’ve been blessed enough for a long time to be able to afford any car that I want or even to buy a private jet or whatever but I have more important things to take care of, I have family to take care of… I’d rather invest in other things.”

He also spoke about the proficiency and importance of investing, including having to invest in oneself, which he backed with the forex trading he is currently learning.

His words:

“There’s nothing that b£ats investment, including investing in your own self, including going to acquire knowledge of something you can charge people for. Even the Forex I’m learning now, I’m investing in myself….”

Nigerians couldn’t hold their nerves and reacted massively on all social platforms according to their views.

“The reason Nigerian youths go broke after making a lot of money is because they spend on irrelevant things and things they don’t need
I’ve been blessed enough to buy a private jet 🛩️, but I have family to take care of… I’d rather invest in other things”

— Don Jazzy pic.twitter.com/mcOsrTLV4v

— carter🌚 (@carter6f) April 15, 2026