BuTiku2019:
MAY GOD DELIVER ME FROM THESE TYPE OF PEOPLE
In 2007 - 2008, a friend of mine squatted in my place for over a year. Guy was feeding off me. I was paying the rent. I was doing everything, including the DSTV subscription etc.
I only got to know how poor this dude was when the financial crises happened and the values of shares fell flat.

This guy had more than 6 million naira worth of shares.

Guy was squatting with me, and using his own money to invest.

This OP is that kind of person. You have a car. You have over 10 million in savings. But you choose to squat with someone else.

You think its sense? Its Greed.
I absolutely detest these kinds of people.

BuTiku2019:
MAY GOD DELIVER ME FROM THESE TYPE OF PEOPLE
In 2007 - 2008, a friend of mine squatted in my place for over a year. Guy was feeding off me. I was paying the rent. I was doing everything, including the DSTV subscription etc.
I only got to know how poor this dude was when the financial crises happened and the values of shares fell flat.

This guy had more than 6 million naira worth of shares.

Guy was squatting with me, and using his own money to invest.

This OP is that kind of person. You have a car. You have over 10 million in savings. But you choose to squat with someone else.

You think its sense? Its Greed.
I absolutely detest these kinds of people.

dayorich:
Super story. Submit your script to Nollywood. You had better confessed that you are a Yahoo! plus boy...

gfullmoon:
Squatting while you have almost #12M in your account make this story a Class A Fiction.

CeeManCollins:
11.4m is not a lot but a very good money for someone of your age and economy. First off show your friend some kind of appreciation for putting up with him while you saved cos the story my change if he finds out you have such for money for such investment. Next take a couple of thousands and show love to your kinsmen; your immediate kindred. Buy some bags of rice, cartons of indomie, Cartons of tomatoes and bags of salt. I don’t go to church nor believe in prayers but believe me they will genuinely pray for you and appreciate your kind gesture, your good deeds and their prayers for you to multiply will guide you so you don’t into the wrong hands or investment going wrong.
Secondly, get a land close to a higher institution and build a modern self cons like ten rooms, while buying the land go a little further inside where u can get the land cheaper wants u make it a modern building students will pay good rent. We will be in this corona era a little longer and their will be more lockdowns that will run into months and people will sell land cheap when that time comes. Bro forget about going abroad for now. If you need more advice pls contact me. I wish you luck.

Horlardorjah:



I wouldn't want to argue or trade words with anyone.
only the discerning knows and they have gotten what I am saying here. if you know how real estate works, then n only will you know he can double or triple that amount within a short while without loss and possibly won't be upto a year.
ask if you don't know and you get the knowledge from those that knows.
a poor landlord from your village or where?
u still tag he/she as a landlord right? n u still use the word poor, because they ant driving Bentley or gwagon?
come out of your confinement n widen your scope sir.

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.

afroxyz:
Building a house is an emotional investment. It's just for bragging rights. Well, unless you want to sell it thereafter. If you are hoping to use rent to recoup your investment, e go tey. Buy lands and flip them. If you want to move it mast you can buy, fence then just start a small structure then you sell. Building a house never made anyone rich, it is biz that would.make you rich. When you have enough money just build.one that you and your family would stay.

N.B I hope you were helping you friend with rent. You can't have that amount and not want to pay rent or have. Place of your own. It's like you are taking advantage of him.

Samm9y:
If you had worked hard for the money I don’t think you will be needing any advice here, that’s if you ain’t making up stories. Go buy 6m ride, use d rest lodge olosho. That’s what G money is meant for.

SIRKAY98:
Build that house now. You can build it for rentage purpose. Am doing something similar in this covid 19 era now as am talking.

Get loan .decknig the building. Use down for rent and up for your stay. Thank me later

psalmuelwater:

Abi, how does one hustle legitimately and has 11 million plus in his account, and still squatting with a friend. And most notably, doesn't have a direction for his life yet. I'm not he truly has the 11.4million

Kosoco:
You have 11.4 m and you are squatting with me I will kick your ass out. Except we are in the same G Work... You have 11m and your are Squatting bro I don’t believe you. Come plain pls... Maybe you just pick... but remember d picker and the picky one day Egugun go enter express. If it’s legit it will multiply.

nextstep:
11 million at 29? You've done really well.

I would suggest you build a small house now... I usually advocate people put their savings in treasuries, but in the current situation, it's best to have a place you call home, and never have to work to pay rent again (even though you said you're squatting)

Hedging against the Naira makes sense, but consider that most of the things you will buy for your house will be dollar-denominated. Yes, you pay Naira for iron, doors, and paint, but all those items are either fully imported or have 80%+ imported raw materials.

Inflation is real, and even if the value of your dom account stays the same in dollar terms, the materials will be 14%+ more expensive after a year (and would have doubled in 5 years, per rule of 72).

jmoore:
Your proceeds from 'hustle'? Which type of hustle?

MisterKings:
Build that house, worse case scenario you can sell it off.
If that money stays in your hand too long, get ready for it to fly away one way or the other.
Or you invest it into treasury bills which can pay you about 10% every 3 months or so. That is about 1 million naira every quarter or about 300k monthly.

Your money still remains intact.

That's the last information I received regarding treasury bills unless they have changed.