Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth. – Theodore Roosevelt

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results. – Warren Buffet

What is a Personal Financial Statement

A personal financial statement is a spreadsheet that details the assets and liabilities of an individual, couple, or business at a specific point in time. Typically, the spreadsheet consists of two columns, with assets listed on the left and liabilities on the right.

Why is a personal financial statement useful?
This statement is a tool that can be used to analyze your current financial status, enabling you to track net worth and set financial goals. These statements are often reviewed by lenders when a client applies for credit or a loan, including a mortgage.

What are assets and liabilities?
Assets are investments and property of significant value that can be used as collateral to secure a loan. While salary and other forms of income are not listed as assets, lenders will typically ask to see them, listed separately, to gain a better understanding of your ability to manage liabilities. Common assets include:
Account balances: savings, certificates, money market accounts
Investment balances: stocks, ETFs, mutual funds, bonds, annuities, cash-surrender values of life insurance, commodities
Retirement accounts: 401(k)s, IRAs
Real estate
Valuable personal property: vehicles, boats, jewelry, or collectables
Liabilities are accounts that carry a balance to be paid down by regular installments. Monthly accrued expenses (utilities, cable, cell phone, insurance payments, rent, food, and other general living expenses) are excluded. Common liabilities, however, do include balances for:
Credit cards
Student loans
Unpaid medical bills or unpaid taxes
Mortgages or vehicle loans
Loans that you have co-signed

How is net worth calculated?
It’s calculated by simply subtracting total liabilities from total assets. The difference is your net worth. If you need help calculating it yourself, our Money Management tool in Online Banking and the Mobile App can help you calculate your net worth when you add all of your accounts!

What if you have a negative net worth?
Whether your net worth is positive or negative, it is a starting point. It tells you where your finances currently stand and provides motivation for goal-setting. The worst action you can take is adjusting your numbers to better your net score. Intentionally modifying amounts on an official personal financial statement is punishable by large fines and/or imprisonment.

Your personal financial statement is like a photo, but your net worth is like a movie.
While a personal financial statement is a static snapshot of your net worth at a specific moment in time, net worth is constantly in motion as investment balances, interest rates, and property values fluctuate and liabilities are reduced.

Culled from Clearview dot com

Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy. – Marshall Field41

Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth. – Robert Kiyosaki

“Everyone wants a piece of land. It’s the only sure investment, it can never depreciate like a car or a washing machine.” Russel Sage

A Great investment opportunity for you and your family Call Stella on 08076479030 for more info on the estate and site inspection

“Everyone wants a piece of land. It’s the only sure investment, it can never depreciate like a car or a washing machine.” Russel Sage

Flourish city Akodo is a great investment opportunity, it is located at Akodo, Ibeju Lekki LGA, Lagos State.

Title - Excision
Outright payment - 4,500,000
Installment payment - 5,500,000

Land marks :
- Dangote petrochemical
- Lagos Free Trade Zone
- 15minutes from Eleko Junction
- Akodo Police station
- Akodo General Hospital
- Akodo Market
- Facing the expressway

Estate features and infrastructure
It's an excellent-peaceful location
Perimeter fencing currently on going
Free from government interference
Good road network
Recreation center and garden

Call Stella on 08076479030 fr detailed briefing on Information and site inspection

There’s no shortage of remarkable ideas, what’s missing is the will to execute them.” – Seth Godin

Writer and former dotcom businessman, Godin is saying that talk is cheap, but in a nicer way. Yes, ideas are a dime a dozen, but the real meat on those bones comes from trying to realize them. It is only then that the problems show up and the real work of resolving them starts.



A joint venture is a common way of combining the resources and expertise of two otherwise unrelated companies. There are many benefits to this type of partnership, but it is not without risks - arrangements of this sort can be highly complex.

Advantages of joint venture
One of the most important joint venture advantages is that it can help your business grow faster, increase productivity and generate greater profits. Other benefits of joint ventures include:

access to new markets and distribution networks
increased capacity
sharing of risks and costs (ie liability) with a partner
access to new knowledge and expertise, including specialised staff
access to greater resources, for example, technology and finance
Joint ventures often enable growth without having to borrow funds or look for outside investors. You may be able to:

use your joint venture partner's customer database to market your product
offer your partner's services and products to your existing customers
join forces in purchasing, research and development
Another benefit of a joint venture is its flexibility. For example, a joint venture can have a limited lifespan and only cover part of what you do, thus limiting the commitment for both parties and the business' exposure.

Joint ventures are especially popular with businesses operating in different countries, eg within the transport and travel industries. Read about the different types of joint venture.

Disadvantages of joint venture
Joint ventures can pose significant risks relating to liabilities and the potential for conflicts and disputes between partners. Problems are likely to arise if:

the objectives of the venture are unclear
the communication between partners is not great
the partners expect different things from the joint venture
the level of expertise and investment isn't equally matched
the work and resources aren't distributed equally
the different cultures and management styles pose barriers to co-operation
the leadership and support is not there in the early stages
the venture's contractual limitations pose a risk to a partner's core business operations
Partnering with another business can be complex. It takes time and effort to build the right business relationship and, even then, it can be difficult to completely avoid all the issues.

Success depends on good communication, a carefully planned joint venture relationship and a clear joint venture agreement.

Culled from Investopedia