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The Money Is There, What Do I Do With It? Advice Needed - Investment - Nairaland

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The Money Is There, What Do I Do With It? Advice Needed by Biophase: 8:46am On Oct 08, 2020
Please, very important before I proceed, I need to say this. I don't want to invest with anybody on the forum so please don't pitch your opportunity here. I just need your input & advice and I believe there are wealthy people on this forum who have something to share.

I run a content firm that generate $10k (4.5m Naira) minimum monthly from ad revenues across our websites. With a small team of 8 staff writers under my watch and a couple of freelancers. 95% of the revenue is mine.

My expenses and that of my family is not up to 500,000 Naira monthly which means I have a lot of cash lying around every month.

The whole idea of financial freedom is something I still find it difficult to understand until recently I read a book by MJ DeMarco Uncripted and I understood that the essence of investing money should be for residual income.

My money should be working for me and not being in the bank. How does someone get wealthy? Because I don't feel I'm rich just yet. With the high volatility in online business, my sites can be affected maybe in one google updates or so and the income stops.

So bosses in the house, what can you advice me to do with the money I have in order to ensure a brighter future even when my income stops coming.

I have 2 landed properties already (not really the best and in poor locations) and I want something to invest in for passive income so even if my revenue from blogging stops, I can still be earning sufficient cash to cover my expenses.

I'm relatively new in the investment field, even though I make a lot of money. They are two different ball games entirely.

Advice please.

5 Likes

Re: The Money Is There, What Do I Do With It? Advice Needed by manduwem(m): 8:58am On Oct 08, 2020
Dunno ur likes n what's trending in ur side of the country.
But my suggestion wud b to go into a business like Catfish farming (that way u cud b sure of ur money back while also providing means of livelihood to ur farmhands).
Currently in 9ja now, Agric seems to be the safe deck to use. Banks no more give interest like b4 else one wud av said fixed it as fixed deposit for a cycle or 4 to 6 months n keep repeating ur cycle. Also bonds r scary now BC the market is unpredictable.so my take is Agric
Re: The Money Is There, What Do I Do With It? Advice Needed by Joeboy666: 9:07am On Oct 08, 2020
I advice u to engage in agro-resources that is agriculture.but pls help help me a little Accessbank,1399584623
Re: The Money Is There, What Do I Do With It? Advice Needed by Joeboy666: 9:10am On Oct 08, 2020
I advice u to engage in forex trading,but sir help me a little 1399584623..Access bank
Re: The Money Is There, What Do I Do With It? Advice Needed by Biophase: 9:22am On Oct 08, 2020
manduwem:
Dunno ur likes n what's trending in ur side of the country.
But my suggestion wud b to go into a business like Catfish farming (that way u cud b sure of ur money back while also providing means of livelihood to ur farmhands).
Currently in 9ja now, Agric seems to be the safe deck to use. Banks no more give interest like b4 else one wud av said fixed it as fixed deposit for a cycle or 4 to 6 months n keep repeating ur cycle. Also bonds r scary now BC the market is unpredictable.so my take is Agric
Good idea but I want a less management intensive ideas. Something passive, invest get returns more like buying of shares for dividend.
Re: The Money Is There, What Do I Do With It? Advice Needed by Kobicove(m): 9:37am On Oct 08, 2020
Biophase:

Good idea but I want a less management intensive ideas. Something passive, invest get returns more like buying of shares for dividend.

Do not put your money in a business you do not understand no matter how profitable it may seem!

7 Likes

Re: The Money Is There, What Do I Do With It? Advice Needed by gnelochigozie(f): 9:46am On Oct 08, 2020
Biophase:
Please, very important before I proceed, I need to say this. I don't want to invest with anybody on the forum so please don't pitch your opportunity here. I just need your input & advice and I believe there are wealthy people on this forum who have something to share.

I run a content firm that generate $10k (4.5m Naira) minimum monthly from ad revenues across our websites. With a small team of 8 staff writers under my watch and a couple of freelancers. 95% of the revenue is mine.

My expenses and that of my family is not up to 500,000 Naira monthly which means I have a lot of cash lying around every month.

The whole idea of financial freedom is something I still find it difficult to understand until recently I read a book by MJ DeMarco Uncripted and I understood that the essence of investing money should be for residual income.

My money should be working for me and not being in the bank. How does someone get wealthy? Because I don't feel I'm rich just yet. With the high volatility in online business, my sites can be affected maybe in one google updates or so and the income stops.

So bosses in the house, what can you advice me to do with the money I have in order to ensure a brighter future even when my income stops coming.

I have 2 landed properties already (not really the best and in poor locations) and I want something to invest in for passive income so even if my revenue from blogging stops, I can still be earning sufficient cash to cover my expenses.

I'm relatively new in the investment field, even though I make a lot of money. They are two different ball games entirely.

Advice please.







There are many avenues for investment, I'm also a content writer and I can understand where you're coming from... I can only refer you to a friend of mine who is trustworthy and would open your eyes on investing in businesses such as:

Bread business
Catfish marketing (He's the CEO of Shewin Agro-Allied Ltd)
Transportation business
Real Estate

You can call him on 08157328265.
You can invest and he helps you with management, he has proven record with working with Ebonyi state government, Tai Solarin University and he has also taken over the catfish martket in Eboyin State.
Before you invest, you need someone that would guide you, and when it comes to investments like the ones I have mentioned above, Mr Oluseyi is the best man for it.
Re: The Money Is There, What Do I Do With It? Advice Needed by manduwem(m): 10:46am On Oct 08, 2020
Biophase:

Good idea but I want a less management intensive ideas. Something passive, invest get returns more like buying of shares for dividend.
You will need to b prayerful sha over shares this season o.
People have had stroke n BP issues wen stock market crashed. My Eco shares now amounts to almost nothing wen back then they wer doing comfortably well.
So if Ure going for shares, look for a stockbroker to advice well or manage ur portfolio so that he can in trust sell n buy shares depending on what's obtainable n predictions on the NSE floor.
But if u go in for shares n Ure not a venture capitalist who doesn't mind everything going in one day (BC he can make double in another deal), then put some percentage of the cash n not d whole lump
Re: The Money Is There, What Do I Do With It? Advice Needed by sulaimon22: 1:09pm On Oct 08, 2020
Since u are tech savvy, y don't you go into logistics business and develop an app that makes you control everything
Re: The Money Is There, What Do I Do With It? Advice Needed by kemkem303: 2:40pm On Oct 08, 2020
I have a 4 pumps petrol station with hotel at the back of the building......very cheap...it's for letting/sales....#1m per year for letting, 10m for the selling price.... location Irese, Akure, Ondo state... interested should quote me. or call me on 08104963503
Re: The Money Is There, What Do I Do With It? Advice Needed by Mide3367: 2:58pm On Oct 08, 2020
One biz I see opportunity in is logistics biz. Try buy tipper trucks and flat beds then give to reputable companies to run for you. They pay returns daily, monthly or weekly depending on ur agreements.

3 Likes

Re: The Money Is There, What Do I Do With It? Advice Needed by OnlineBusinessC(m): 3:09pm On Oct 08, 2020
Sounds interesting. How many blogs do you have that makes you $10K/M. Do you mean that your expense of 500K is just for salary at 50K each for your 8 staffs?
Re: The Money Is There, What Do I Do With It? Advice Needed by adomuwiner(m): 9:51pm On Oct 08, 2020
Teach me how to do content site
Re: The Money Is There, What Do I Do With It? Advice Needed by Dollarseeker: 4:03am On Oct 09, 2020
MJ Demarco is my man....I believe you bro
Re: The Money Is There, What Do I Do With It? Advice Needed by DkJay: 4:11am On Oct 09, 2020
Well, what do I know? It's not my money, and I can't really advice you what to do with it. A good idea I picked up along the way is to have some savings in USD. Because the value of the naira keeps on getting worse.

A good place to ask this question would be on the T-Bills thread. Many who are wealthier than you are there, and there are many money-smart individuals there discussing finances every frigging day.

https://www.nairaland.com/878880/treasury-bills-nigeria

Good luck.

grin Don't forget to tag me when you want to do giveaway

On a more serious note, I'd like to be mentored by you. How can I contact you?

2 Likes

Re: The Money Is There, What Do I Do With It? Advice Needed by delawal(m): 7:16am On Oct 09, 2020
even d op including some commentors,on d thread are,scammers masking themselves. why is it dt many scammers have,invaded nairaland,lately looking for,people to con.

d op intention of creating this thread is to lure people wit d,10kusd he clajms he earns so dt people,will start askjng him to show them,the way, i, doing that he will,scam,them. believe d op at,ur own risk

1 Like

Re: The Money Is There, What Do I Do With It? Advice Needed by Oluwahelpme(m): 7:45am On Oct 09, 2020
Biophase:

Good idea but I want a less management intensive ideas. Something passive, invest get returns more like buying of shares for dividend.
Please I need a loan of N500,000. I will be giving you 3% interest rate every month. Guarantee. No story. I will sign an agreement with you. Please help me.

1 Like

Re: The Money Is There, What Do I Do With It? Advice Needed by devlishGINGER(m): 8:16am On Oct 09, 2020
Biophase:

Good idea but I want a less management intensive ideas. Something passive, invest get returns more like buying of shares for dividend.
try to get government contracts or invest in real estate. start buying landed properties

1 Like

Re: The Money Is There, What Do I Do With It? Advice Needed by bbfanboy01: 9:04am On Oct 09, 2020
Mide3367:
One biz I see opportunity in is logistics biz. Try buy tipper trucks and flat beds then give to reputable companies to run for you. They pay returns daily, monthly or weekly depending on ur agreements.

I AGREE GO FOR THIS BUT I REPEAT BUT B CAREFUL OF D FIRM OR PERSON WHO WULD B MANAGIN IT IF U HAV A GUD MANAGER & OFCOURSE WITH GODS HELP & FAVOUR, MY BRODA U ARE MADE FOR LIFE . TIPPER BUSINESS EXPECIALLY IN D NORTH IS VRY LUCRATIVE . I KW OF A VERY LOYAL, HUMBLE, GODFEARING & HARDWORKIN YOUNG MAN I CAN CONNNECT U WITH WHO HAS BEEN MANAGING FOR A LOT OF PPLE. U WIL DISCUS WIT HIM , HE WIL ADVICE U OF D MODEL TO BUY AND U GO INTO CONTRACT AGREMENT ETC.
Re: The Money Is There, What Do I Do With It? Advice Needed by Biophase: 9:27am On Oct 09, 2020
DkJay:
Well, what do I know? It's not my money, and I can't really advice you what to do with it. A good idea I picked up along the way is to have some savings in USD. Because the value of the naira keeps on getting worse.

A good place to ask this question would be on the T-Bills thread. Many who are wealthier than you are there, and there are many money-smart individuals there discussing finances every frigging day.

https://www.nairaland.com/878880/treasury-bills-nigeria

Good luck.

grin Don't forget to tag me when you want to do giveaway

On a more serious note, I'd like to be mentored by you. How can I contact you?

Thank you bro. I'm there.
Re: The Money Is There, What Do I Do With It? Advice Needed by Biophase: 9:31am On Oct 09, 2020
devlishGINGER:
try to get government contracts or invest in real estate. start buying landed properties
I have landed properties I purchased last year. The mistake I made is in the location.
Re: The Money Is There, What Do I Do With It? Advice Needed by Biophase: 9:33am On Oct 09, 2020
Dollarseeker:
MJ Demarco is my man....I believe you bro
He's my mentor.
Re: The Money Is There, What Do I Do With It? Advice Needed by Biophase: 9:36am On Oct 09, 2020
delawal:
even d op including some commentors,on d thread are,scammers masking themselves. why is it dt many scammers have,invaded nairaland,lately looking for,people to con.

d op intention of creating this thread is to lure people wit d,10kusd he clajms he earns so dt people,will start askjng him to show them,the way, i, doing that he will,scam,them. believe d op at,ur own risk
You have the rights to think so, I won't blame you for it. And let me state it here to anyone who cares to listen, I may not reply your private messages if you are demanding for partnership or to 'show you the way'.
Re: The Money Is There, What Do I Do With It? Advice Needed by Biophase: 9:37am On Oct 09, 2020
OnlineBusinessC:
Sounds interesting. How many blogs do you have that makes you $10K/M. Do you mean that your expense of 500K is just for salary at 50K each for your 8 staffs?
Labour is relatively cheap here grin

1 Like

Re: The Money Is There, What Do I Do With It? Advice Needed by DkJay: 9:48am On Oct 09, 2020
Biophase:

I have landed properties I purchased last year. The mistake I made is in the location.

https://nigeriapropertycentre.com/

That's for those who are thinking of purchasing a landed property. I'm hoping to get to that point in a few years, myself
Re: The Money Is There, What Do I Do With It? Advice Needed by Akanimoh113(m): 2:39pm On Oct 09, 2020
I would advice you as me being a Young Youth to Invest in something you would Understand. If I should make suggestions... It would be Bitcoin or Ethereum. All I need right now is a Smartphone to start, I've got the Idea and Connect But don't have the Smartphone.
If you could assist me to start with a little amount to get a Smartphone I'll be Grateful.
Re: The Money Is There, What Do I Do With It? Advice Needed by Soothsayer992(m): 4:09pm On Oct 09, 2020
Naso
Re: The Money Is There, What Do I Do With It? Advice Needed by Dollarseeker: 4:16pm On Oct 09, 2020
Biophase:

He's my mentor.
lols d guy is the best I have seen. I was having many Brian Tracy and judge clason as my best but when I came across MJ meeinn my head burst. since then na ahead ahead oo no time. He is my mentor too.

1 Like

Re: The Money Is There, What Do I Do With It? Advice Needed by Odiase23: 9:28pm On Oct 09, 2020
Good evening Biophase.

This is my advise. In Investing your hard earn money now after COVID, I will advise you check consider these three things ;
1. Security
2. Flexibility
3. Comfort

In the Wealth Management and investment industry now, we have to be very careful. Most investors are looking for high rate to break even in one month which is a terrible RISK.

UT Financial Services and UT Homes Nigeria rate may not be too high as most people will want but they guarantee you of the 3 listed much watch features that gives yout hear rest while you sleep.

Regards - 08035281639

Re: The Money Is There, What Do I Do With It? Advice Needed by iamadonis2(m): 12:43am On Oct 10, 2020
delawal:
even d op including some commentors,on d thread are,scammers masking themselves. why is it dt many scammers have,invaded nairaland,lately looking for,people to con.

d op intention of creating this thread is to lure people wit d,10kusd he clajms he earns so dt people,will start askjng him to show them,the way, i, doing that he will,scam,them. believe d op at,ur own risk


Two takeaways;

1. OP just told us what made him rich. No Nigerian will ever do that. Not even the truly rich people I have met do that.

2. Asking for more income paths publicly and online? Nah, not the move a rich individual would do.

OP is up to something else entirely.

1 Like

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