Tobi Adebayo
A former presidential aide, Reno Omokri has advised people to invest in assets that bring good returns.
Omokri, in an Instagram post, said that buying a new car is the worst investment one could make as it reduces in value once driven out of the dealership.
“The owners of Gucci, Armani and Louis Vuitton are already billionaires. You are not a billionaire. You are not a millionaire. You are not even worth $100,000. They don’t need your money. You need your money more than them.
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“Invest in your future, not their future! In fact, nobody on Earth needs a new car. Absolutely nobody. What you need is a reliable car. Except it is an antique car, buying a new car is the worst investment you can make.
“The moment you drive it out of the dealership, 15% of its value is gone. Spend your money on assets that put money in your pocket!,” he wrote.
