I rececently got a job in Ph, the pay is ok and you know PH na...You spend it as you earn it. I currently earn 120k but truth is i have been squatting with my friend but i want to leave him and get my own apartment. I'm 31 and also making strong plans to marry latest next year. Thing is i want to go for a loan and get an apartment and furnish it. 1bedroom flat here is 300k and i am almost concluding on going for the loan for the house. Please is it adviceable to rent and furnish a house with a loan.

NB:I got no side hussle

Thanks

Bro ehhh

Rent a house

And for furnishings?

It’s not done in a day.

Just be buying things small small

Make a list and start buying from the most important.

If you most take a loan use it to rent the house as you save up to furnish.

And remember that rent EXPIRES every 1 YEAR

Taking a loan to rent and furnish a house is something an unwise man would do. I don't mean to insult you, but asking this question at 31 means you've not been learning much about money.

You don't take up loans to spend on frivolity. Let me help you. Your salary is N120, a standard self-contain in PH should cost you 150k, but below 200k depending on location. You remain in your friend's house if there are no issues for another 2months while you save up to get the house. You take your time to furnish your house from subsequent rent and also save up from what you can.

If you must embark on a loan, invest it into a side business.

GrabHisBalls:
Taking a loan to rent and furnish a house is something an unwise man would do. I don't mean to insult you, but asking this question at 31 means you've not been learning much about money.

You don't take up loans to spend on frivolity. Let me help you. Your salary is N120, a standard self-contain in PH should cost you 150k, but below 200k depending on location. You remain in your friend's house if there are no issues for another 2months while you save up to get the house. You take your time to furnish your house from subsequent rent and also save up from what you can.

If you must embark on a loan, invest it into a side business.

I have actually done a couple of businesses but to be frank, i wasted the money. I'm really kinda scared of loosing money again. You know what it means opening a business that you won't be there to run, you keep paying bills and not making any profit. I just want enjoy my money small inside life before i die. I don too waste am for side hustle

Very very bad idea..... Get something according to your salary. Who are you trying to impress here? You want to put yourself in debt to impress some woman that you are "it" then splash more cash on this deluded woman, and by the end you will have no money left to even buy garri (and babe will of course leave your broke aasss).

BE YOURSELF, and let a babe be attracted with the real you, even if you live in a face me I face you joint...

hesilo:


I have actually done a couple of businesses but to be frank, i wasted the money. I'm really kinda scared of loosing money again. You know what it means opening a business that you won't be there to run, you keep paying bills and not making any profit. I just want enjoy my money small inside life before i die. I don too waste am for side hustle

Not all side businesses needs your involvement. Why not look for one you can invest in?

GrabHisBalls:
Not all side businesses needs your involvement. Why not look for one you can invest in?

Kindly suggest one.

hesilo:


I have actually done a couple of businesses but to be frank, i wasted the money. I'm really kinda scared of loosing money again. You know what it means opening a business that you won't be there to run, you keep paying bills and not making any profit. I just want enjoy my money small inside life before i die. I don too waste am for side hustle

You live in ph and you have wasted money on failed ventures?? Haven't u heard about forex....?? MBA forex to be precise..
Anyways. For me. My company pays housing... So I am lucky I don't have to touch my salary..

captainking:

You live in ph and you have wasted money on failed ventures?? Haven't u heard about forex....?? MBA forex to be precise..
Anyways. For me. My company pays housing... So I am lucky I don't have to touch my salary..

I have tried the demo, and i can bet you forex demands a lot of patience and carefulness. I don't see most of my colleagues who do it makimg much. Plus sometimes dey lose their money

hesilo:

I have tried the demo, and i can bet you forex demands a lot of patience and carefulness. I don't see most of my colleagues who do it makimg much. Plus sometimes dey lose their money

Nope.. That's not what I mean.. Google MBA forex.. You invest with them and they pay you 15 percent of your investment every month for 6 months.. Then you take back your capital or roll over...look them up on Google.. Been doing it since last year.. And they are insured to the tune of 5 billion Naira yearly.

hesilo:


Kindly suggest one.

Nothing is free. You've to pay for my consultancy.

hesilo:
I rececently got a job in Ph, the pay is ok and you know PH na...You spend it as you earn it. I currently earn 120k but truth is i have been squatting with my friend but i want to leave him and get my own apartment. I'm 31 and also making strong plans to marry latest next year. Thing is i want to go for a loan and get an apartment and furnish it. 1bedroom flat here is 300k and i am almost concluding on going for the loan for the house. Please is it adviceable to rent and furnish a house with a loan.

NB:I got no side hussle

Thanks

Anyone telling you to get a loan is a bad friend. Don't live beyond your means. Maybe if you stay with your friend for a while longer you will finance it with your salary.

You want to get married too and I won't be surprised if you are considering loan for marriage too.

Be advised. Loan makes you a slave. Be free today.

GrabHisBalls:
Nothing is free. You've to pay for my consultancy.

So you cannot help your brother in need without asking for money. E no good o

hesilo:

So you cannot help your brother in need without asking for money. E no good o

It should be strictly business and it's not coming with just one business plan.