₦airaland Forum

diordaves: I have noticed that folks just give advice without thinking critically. The growing trend now is folks advising on transport business or opening a shop like barbing salon. This is so short sighted. Let me expose this short sightedness by crunching numbers.

Now poster you have N2.5 Million converted.And you are advised to open a barbing salon; so lets chew numbers: For a functional salon you need good location but not expensive. I will elect eg Egbeda in Lagos State as a case study. Ikeja; V.I and Ikoyi are out! A decent spacious shop around Egbeda comes in on average of 20K a month. Your landlord will collect 18 month's rent. Don't be fooled with Fashola 1 year thing. So 18month's rent at 20K/month is N360K. You will need to do up your salon like lighting; Fan; AC; Flat Screen TV and subscription; GenSet; Chairs and cabinet and glass sliding door with interior decor and signage. So throw in another N250K. So for your "moderate" salon you've expended N610K. Without return yet and this may take over two months to set up.

Now you are advised to rent an accommodation. A cheap accommodation for N250K. You may want to live in and around Egbeda to be close to your salon so N250K accommodation is achievable in Egbeda. Now you will moderately furnish your apartmentso throw in another N200K giving you a total of N450K. Now add N610K for shop and N450K for residential accommodation you have N1 Million already. Still no return yet o!

You may start having return say after about 3 months but in this time you will be burning money in transport cost; feeding; fuel cost for GenSet and miscellaneous charges running your salon like recharge telephone card; so throw in another N200k for this three months period giving you a total of N1.3 million before any return. Trust me by this stage you will be down to about just N500K/N600K remaining from your savings. Panic will now set in. Nigeria burns money!

Now returns from your salon. Mind you; your overhead expenses are: N20K shop rent + N20K house rent + running cost of N50K (Nigeria home average figure)= N90K monthly out goings. So how much will you be making in your salon to break even and make it worth your while and pay you salary (return)?lets say you charge N100 per head in your salon so divide N90K/N100 will give you 900. It means you will have to barb 900 head a month to cover your expenses. What about your salary (return)? Coming from the UK after 15 years and hoping for a monthly salary from your salon of about N70K is not far fetched. This will mean you will need to barb 1600 heads monthly for your salon to make any economic sense. A tall dream. No! salon business; transport business view with caution. Mind you this analysis is very simplistic. If you factor in the commission or salaries of your barber(s); the dream might even be taller!

So buy blackberry here; salon there; transport here is just tantamount to scattering your money. Its just like a hen; before fowl chop e go first take leg scatter everything. You don't need that. What you need is sharp focus on a single simple income stream and face it to logical conclusion.

I'll PM you right away.

God Bless Edo state.

With all the intimidation, they came out en mass!

Adams, dont dissapoint this people. Pls!



Frawzey

are they riggin somewhere?


I can see some disturbing reports on TV

donchucky21: @ least u can still walk up to say hi and u dont expect me to know u r a she...? So bold up lemme see u

she's blushing already

Sijo01: hahahahahaha, calm dwn, hv seens left his unit.....am observing frm my unit now. Not meant though.

.

donchucky21: @ least u can still walk up to say hi and u dont expect me to know u r a she...? So bold up lemme see u

She's probably shy...

Zarian5: Seems like all the posters here are anti-PDP . .lol

From here, only chelseabmw and diamond11
voted for PDP...lets see how it goes.


#EdoDecides

Sijo01: somebdy on my unit said same but was nt specific abut d amount

Hmmm

donchucky21: D guy u saw me with just told me dat d pdp chair woman for this area called him and told him personally and he boldly told her NO...

[quote author=donchucky21]Dem say...


#EdoDecides

donchucky21: Pdp sharing 1,000 naira each to vote for dem... E no clear say ACN don win

and

Sijo01: hv seen u....u r standin wit a man putin on white shirt n a liru boy.....am i right?

Is it true?

Freiburger: Just asking.

Tomorrow morning should do.

Freiburger: When will results starts coming in?

Haba...when some are yet to cast their votes...I'm also anxious, too

[quote author=Ileke-IdI]Dbanj needs to eat and gain muscle weight.

I'm tired of seeing him dance on stage like bags of bones.

Don Jazzy has the body, but he's urgly. DonJ does not particularly have a good body, but it' kind of body you want weighing you down in bed. Dbanja has neither a cute face or sexy body.[/quote]And how does this relate to the thread?

May God help u!

Clemzy16: I just hide my head for inside house. Anyways sha, I'll be reporting live from ITV..

Whether your votes count or not, VOTE!

what if everyone behaved like you SMH.


Dont blame the govt for non-performance okay?

Frawzey

bommaster: Hello house, i think i will be reducing my appearance/posting in here, my purpose of posting in here initially was not a call for asking pple to be coming on this thread neither a call to drive member away, my believe was, if i can make money on bom may be other can follow me do same, more importantly b4 coming in here i noticed there are alot of newbies willing to make money on this bom but has little or no knowledge on forex while those that has d experience have no time to analyse due to their busy schedule or job.
as i knew my bet entry posting in here has no direct/indirect impact on my trading result neither do i incur additional cost for d posting make it plus for me to go ahead.
some of d member will notice i don't use to post on forex thread, it not because i didn't visit d thread but because i knew the thread has enough full time prof. that can do d job.
it doesn't take me anything to change my method of posting alert but just want to carry member along so that when am not available member can do on their own thatz y i did firstly inform d house of the possible pair am about to go for so that pple will check on their chart, to reason with me y am going 4 the bet, 2 see d pair if on upward or downward b4 d bet or so.

you may notice my inactive most of d time during the day, am a kind of person that do have visitor and i can't leave them because of trade, more so i have to sleep "human nature now", since i know mkt is always there whenever am ready. even at times if i sighted an opportunity i do neglect it if i have decided already to close my shop thatz my strategy. since no disturbance during d night, thatz y u see me fully interacting thru out d duration of d hour i decided for my trade.

for example since afternoon that i have took a trade on forex "EU long" am just signing in to check the result of my position and for possible closure of d trade for d weekend.

no shaking sha, wishing all member an happy weekend.

You really dont need to do that. I dont think any of those comments meant any harm. Did you know that I've personally called those who have been absent from this thread. Especially once I notice they have not been active as they used to. Infact, I'm planning a big thing for everyone and I want ALL which includes you to be here. No one posts alerts like you do and this thread has been moving because of your contribution. I believe everyone loves you and we want your continued presence here so please do not refrain from this thread. Down the line, Pappy, Ben and others have disappeared and you came in at the right time. So Bommaster (How I wish I had your number), dont leave home. Here is home and we love your presence.


Frawzey.

epg: ayox2003:

Actually ur post attracted me here. U were the last person who posted when I came here. But frankly, BOM and Forex are friends. So no grudge at all.

I have already sent it to the group on Tuesday but I;ll forward it to you now.


Frawzey

pls send it to me too at icrossover@ymail.com. thanks

..........Sent.

jsh.............sent.

[quote author=jsh_eng]@ ayox2003 so u dey reach here, anyway did u have a copy of da MBFX system, seems its really works, tryn to get it mayb I can share it with my fellow members on BOM thread, if u have kindly mail it to my box, jsh_eng@yahoo.com. Thanks bro[/quote]Actually ur post attracted me here. U were the last person who posted when I came here. But frankly, BOM and Forex are friends. So no grudge at all.

I have already sent it to the group on Tuesday but I;ll forward it to you now.


Frawzey

prince123: please does anyone have an idea how this self exclusion settings work on bom

I've never used it bro.

[quote author=jsh_eng]Aftrnoon class, I hope dis thread will not go d direction of d forex section, whereby we strugle to complete 2 pages a day, lets keep d hope flyn high, imagine wat if Bommaster did nt appear anymore, what will become d faith of this class? I remember when we first started d vigil, it was lively and always jampacked including d representatives from BOM demselve, but nw what do we c "hw are d mighty fallen" are we loosing our hard earn money? have we forgotten the principle? are we loosing the convidence in BOM? is BOM slapping us at d back? have premium ghost workers taken captive of our members? it seems pple av loose interest in dis BOM house, elders of the house, lets rise to dis occasion and [size=15pt]rescue some of our members frm d wild wind[/size][/quote]This got me really laffing!


Mkmyers said it all.

mkmyers45: Its not easy to post Alerts for people to follow..Caution is needed in trading as its not a game but a business...and the general mode of the thread is not encouraging...i will want to post alerts (mostly long tf's) but will people follow to learn or just make the money? Anyway everyone needs to upgrade thier mindset as we have things like too many indicators, the bet too long etc

Infact all what he said answers your quest.

1)Are you coming home with your family?

2) Do you have a house in Naija?

3) Where in Naija do u wanna live? Or you would live anywhere inasmuch as your bizness is booming?


After answering these questions, I think we can give you a good advice.


Frawzey.

Afternoon everyone,

Optimisticgondy, long time!

Hope no wahala.


Frawzey.

The kind of news streaming today! Na wa o.

Longest day in the life of Reuben Abati!!! The guy go over-work this weekend.

AjanleKoko: What, in your view, can be regarded as an 'innovation'?
iPod/iPhone? Or 'pure water'?
I'm sure I have asked this question on NL prior to now.

Na And suppose dey there.

Phones and Palitos brought about Iphone/Ipod; Ice water(those 1 naira nylon) brought about pure water. No difference at all.

They upgraded both of them.


Frawzey.

[quote author=Da'princess]What give you the confidence that you are best among the rest in your career? My own answer. Because the gold is my ambition nd my ambition is my obsession.....[/quote]You are smart, experienced and well informed in your chosen field.


Frawzey.

trendphemmy: U̶̲̥̅̊ saying medicine can't give millions but dat is y i came here for advice. I don't wanna be like every other consultant earning change

Then find a problem and solve it!

OR

Follow your passion like Micheal Burry.

U might want to read about him here

http://en.wikipedia.org/wiki/Michael_Burry

Frawzey

sleek09: Thank God, Bet won, entered at 122.115

Your internet connection is the best!

Even at that price. Congrats.

prince123: bro it seems we don forget indicess,,am just checkin my archives today and remembered those times indices put enuf green for our acct,,,

It killed my plans lastweek. Therefore, I have decided to take a chill pill.

If Ford or Mac Donalds buys a needle it will affect the stock. Traders are fretting jare, any small news, the market changes direction. Thats why one has to be very very careful while trading. As in very careful.


Frawzey.

prince123: My little advice,,I think for starters is better to put large sum of money in bom than forex..Here is the statistic.

Betonmarkets is easier to learn,,this thread alone is enuf..
Even without knowledge of forex u can still be a prof. in Betonmarkets.

With even $5 you can start trading Betonmarkets. Forex you need a truck load of $$$$$.

Betonmarkets can be learnt by just going through a detailed guide. Forex you need to learn wella wella,,no rush am oooo,,make u no cry.

You need just few hrs a day for betonmarkets,

In Betonmarkets you need a simple tick to make money, in Forex you need to call Julius Bega Truck to help you drag the market to your direction before you make money. Forex is good too,,but you need to learn,,and oga puskin,,,you have to learn more if you are just knowing abt long and short,,just a friendly advice..

GBAM!!! ...._{just that makes more millionaires than BOM when u have a good indicator}

[quote author=Paris-fran]He can demo for one month. But must read babypips school till d end. And in the demo he should end up with 20% profit before putting real money. I've seen a person that lost 2million, dats y i know what i'm saying. I'm not discouraging anybody oh, its the love i ave for the people on this thread that making even give my 2 cent.[/quote]Hmmm, We love you too.


Frawzey.

bommaster: bro na typo i don correct re-post, na SHOT i go for.

Okay.

[quote author=Paris-fran]
Go live?! When its now you are knowing what Long or Short is! Honestly, i didnt come here today to say anytin just to check how my people are doing. But Puskin, if its today you know what long or short is, please in the name of God, go to babypips school and demo for anoda[b] two months[/b]. BOM doesnt wipe account as fast as forex. This is just my 2cent.[/quote]Nice advice.

But dont you think 2 months is too long...maybe 3-4weeks might do. And he may not have to start with a large sum of money. Just some little amount to play around with.


Frawzey.