covid2019:


I am not squatting because I can't pay rent.
I don't show off or brag.
Besides the friend I stay with is a post grad student.

He stays in his family house and very conservative.
Okay





I foot many bills there. In fact the last small renovation cost me circa 200k. I buy food stuff too, gas, run errands etc. It's a family house . No rent is paid.

The only thing is that I have no girlfriends, no social life and no show off.

Took me 6 years to save this money.

covid2019:


Lol, my friend I squat with lives in their family house, and is post grad student. I help with expenses around the house.

But nobody knows I have that kind of cash because I don't brag or show off.
I bought no single trousers last year

dukeprince50:
House is always a liability not an asset, except the house brings ur money.
e

brandable:
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Can you talk more on the bold please.

covid2019:


Squatting is still the word. Maybe I should have said living not squatting, Its 4 rooms and parlor family house.

Only 2 siblings at home.
There is an empty room I use. In fact, I have access to everywhere.
.
.I spend money there too.

I foot many bills there. In fact the last small renovation cost me circa 200k. It's a family house . No rent is paid.

Omoluabi16:
Dudeee! How can a fixed asset be a liability? It doesn't have to generate cash flows presently for it to be an asset. PPE's can only lose value via self revaluation. A house can never be a liability here, there or anywhere.

covid2019:
Loan from where please?

pocohantas:


That guy is definitely an engineer or something related. I can bet my phone charger on it.

Mrchippychappy:
Invest in business instead.

Come to my covid19 seminar, I would teach you how to make face mask, hand sanitizers and ventilators.
Table for 10 = 5 million naira.

veave:
This one is not just a miser but also a user. You mean you have over 10m in your account but still choose to squat with your friend? That way you're barely responsible for anything. Ehen!!!??!!!!!!

Nothing I will not hear on nairaland.

gfullmoon:


Because squatting involves so many things o. Sometimes you sweep the room or flat against your wish, take a walk against your wish, even wake up against your wish etc. Hence, a guy with about #12M in his account can hardly be comfortable squatting except the person is an extreme melancholic and mean saver (that is those can even allow their loved ones in pain or to die just because they have mapped out saved money for a specific investment, project or Programme). This type of savers can even be sponging the guy who had not seen million to be footing their bills.

Nweike190:



Look for a good middle class area.. Buy small properties....

covid2019:
I am in a dilemma worsened by this covid19.

I am a graduate male of 29 residing in the East. I still squat with a friend, not because I don't have money for house rent. But principally because I have been unable to figure out what I want to do with my life, hence renting a house feels like a commitment that might get me stuck.

I always feel I might move anytime soon-- to either another state or abroad for masters or just practice of my profession. Note that I didn't study a STEM course.

All these while squatting, I have been saving via my proceeds from hustles.

In the wake of this COVID19, I checked all my banks and found out that money I have in my account has lost so much value given the dollar rate.

I have 11.4 million, inclusive of my working capital, plus a rickety car valued at 350k. Each time, I need just 3-5m as working capital.

It seems that trying to save more is false economy and might be counter productive.

NOW, I AM CONSIDERING buying a plot of land and erecting a small house even if it's 3 rooms. This, I think will serve as investment that will keep appreciating and also serve as residence.

Or just open a domiciliary account to hedge against naira fall and continue saving.
What do you think please?

covid2019:







How did you reach this conclusion?

Don't tar everyone with the same brush. IT IS WAY CHEAPER TO STAY ALONE THAN STAY WITH THIS FRIEND.

Without sounding immodest, I am the one helping. And it's not upto 3 years I started staying there.


Maybe I should have said living not squatting, Its 4 rooms and parlour family house.

Only 2 siblings at home.
There is an empty room I use. In fact, I have access to everywhere.
.
.I spend money there too.

I foot many bills there. In fact the last small renovation cost me circa 200k. It's a family house . No rent is paid.
The friend is a post grad student and rarely stays at home.

.It would have been cheaper for me to stay alone. He drives my car. In fact, I taught him how to drive.

I buy gas, foodstuff etc.

Only if you knew how much I hate to beg, let alone letting people feed me

I started this hustle in school.

It took me 6 years.

I was able to save due to frugal nature. I don't show off, I don't brag. I even stated that my car is rickety valued at 350k.

If I was proud person, maybe I would have bought Camry to chase girls.

I suffered so much growing up. I left those details to reduce length of post.


You may not understand.

I feel like crying typing this.

luluosas:
Rent is a total waste if you can afford to build and shelved it for renting. Nothing compares to owning your own home even if not up to your imaginary taste. Take care

covid2019:
I am in a dilemma worsened by this covid19.

I am a graduate male of 29 residing in the East. I still squat with a friend, not because I don't have money for house rent. But principally because I have been unable to figure out what I want to do with my life, hence renting a house feels like a commitment that might get me stuck.

I always feel I might move anytime soon-- to either another state or abroad for masters or just practice of my profession. Note that I didn't study a STEM course.

All these while squatting, I have been saving via my proceeds from hustles.

In the wake of this COVID19, I checked all my banks and found out that money I have in my account has lost so much value given the dollar rate.

I have 11.4 million, inclusive of my working capital, plus a rickety car valued at 350k. Each time, I need just 3-5m as working capital.

It seems that trying to save more is false economy and might be counter productive.

NOW, I AM CONSIDERING buying a plot of land and erecting a small house even if it's 3 rooms. This, I think will serve as investment that will keep appreciating and also serve as residence.

Or just open a domiciliary account to hedge against naira fall and continue saving.
What do you think please?

Wickedfact:


MBA Forex is about to collapse. I won't reply to comments on this. Just a little tip.

foodonly:
How come did he get 11.4million as a young hustlers. This not true or genuine because if it, he would have know what to do it with it.

covid2019:
I am in a dilemma worsened by this covid19.

I am a graduate male of 29 residing in the East. I still squat with a friend, not because I don't have money for house rent. But principally because I have been unable to figure out what I want to do with my life, hence renting a house feels like a commitment that might get me stuck.

I always feel I might move anytime soon-- to either another state or abroad for masters or just practice of my profession. Note that I didn't study a STEM course.

All these while squatting, I have been saving via my proceeds from hustles.

In the wake of this COVID19, I checked all my banks and found out that money I have in my account has lost so much value given the dollar rate.

I have 11.4 million, inclusive of my working capital, plus a rickety car valued at 350k. Each time, I need just 3-5m as working capital.

It seems that trying to save more is false economy and might be counter productive.

NOW, I AM CONSIDERING buying a plot of land and erecting a small house even if it's 3 rooms. This, I think will serve as investment that will keep appreciating and also serve as residence.

Or just open a domiciliary account to hedge against naira fall and continue saving.
What do you think please?

Omoluabi16:
Dudeee! How can a fixed asset be a liability? It doesn't have to generate cash flows presently for it to be an asset. PPE's can only lose value via self revaluation. A house can never be a liability here, there or anywhere.