All Woman

How to invest that sugar daddy money

By PENDA HONEYGHAN

Monday, November 11, 2019

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HAVING a sugar daddy comes with a luxurious life. For many sugar babies, this means long, premium and luxurious lace wigs, shopping without having to check the price tag, vacations, cosmetic surgery or two, and access to the finest eateries and entertainment spots. Unfortunately, there is no guarantee how long this newfound wealth will last, and if you don't want to go back to being a regular Jane then financial advisor Granville Knight recommends that you don't spend all your sugar in one place.

“Having a sugar daddy appears to be a common practice for many young women, although shunned by many. But I am not here to discuss the morality of it; what I hope to assist you with is just how you could maximise on the benefits of the sugary crystals bestowed on you weekly, because you just don't know when the sugar will stop flowing,” Knight said.

Just so you are not caught off guard or left with the only financial option of peddling your premium wigs and brand name clothing and accessories, Knight shares just how you can invest that sugar daddy money.

Fewer weaves, more investments

After a while, no matter how expensive they are, weaves diminish in value — they shed and get sweaty as they get closer to the end of their two or three year life span. But if you should open an investment account you will have not only capital, but interest to look forward to long after your sugar daddy is gone.

“Consider other investments such as stocks instead of stockings, and instead of purchasing yet another wig, consider using the money purchase some Wigton shares instead. Also, you should consider putting money into an equity fund that is performing well,” Knight recommends.

Start a business

There is nothing older folks love more than seeing younger people making good investments, so chances are your sugar daddy may even want to throw in an extra bag of cash.

“If he is willing to spoil you, he will likely be willing to invest in your business; consider it an additional partnership. Also, he is quite likely to have other friends who might be willing to venture into your new enterprise,” Knight advised.

Ask for gifts

“Sis, don't ask for KFC or Burger King; ask him to pay real bills. Do you have a budget? If you do, then get your sugar daddy to offset your expenses. Money that you would have spent, save, save, save!” Knight recommended.
Oh, and if you don't want to ask right out, then drop hints — tell him about your broken phone or your useless laptop. He is likely to pick up and replace the items and/or fulfil other requests made indirectly.

Use his connections

Chances are an elderly man with money has plenty of connections and you can smooth him over to use a few of these to help you.

“For example, if you are jobless ask him to use his connections to help you to get a job, or if you have one but you want a better paying one, ask for help,” Knight shared.

Invest in your education

Education is expensive and without the right financial support we can't get access. If money hindered your chances to further your education, then use the opportunity to go back to school with your sugar daddy's money. Many sugar daddies like having not just a beautiful, but intelligent woman on their arm. Also, getting a quality education means that you would have set up yourself to get a job and earn your own money just in case your sugar daddy suddenly leaves you behind.


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