₦airaland Forum

I don't even wait for work to close before I run home. My life revolves around my family . The joy of hearing daddy oyoyo and meeting my wife at the door with my kids to welcome me eases off my stress

To tell you how bad it is, I had an opportunity to leave the country but because I will be leaving my family behind to go hustle, I cancelled the plan unless my family (me, wife and kids are going I am not leaving without them) they said only me is allowed to go so I cancelled it and I will go at my own terms well prepared with my family , I grew up with my parents present, we never had a time we went a while 6months without our parents so I cannot deny my kids the joy of having a home all because I want to make money

PulaPower:
Osupa

Vs

Paso

Hahahaha yes oooo as an Igbo guy Omo oganla and olufimo rivalry among Yoruba youths was interesting

Na so them dey argue, even get social clubs and also their military wings. When fight burst like this everywhere dey scatter. Mostly oganla fans (Paso) those meat sellers na them dey scatter everywhere pass 😂..

I think right now all of them don switch to Oluomo boys doing agbero

Lol don't be fooled. They are testing their game plan for 2027


If you cannot see the traps being set for Peter Obi by the government then you are naive.

The demarcation of Niger bridge, deliberate abandonment of Benin expressway, destruction of Agbor road and the bringing back election date from February to January 16 all points to one thing... Systematic disenfranchisement of Peter Obi's base

Here is how it will unfold.

1. By 16th January Igbos should be in their villages celebrating the new year. Many igbo voters are registered outside their villages many are in Lagos, Abuja, Kano etc and trust an igbo man, he must travel by end of the year. So once they move coming back becomes a problem

2. The journey back will be hit with massive gridlock, a truck will be placed on Niger bridge saying it spoilt, the bad Benin and Agbor road will further frustrate people keeping you on the road for almost a week.

3. Trust me there will be an artificial fuel scarcity that travelling back may cost above 100k coupled with the bad road, both buses and flights will be super expensive

With these many pple will get stuck and choose to wait it out there by causing a huge disenfranchisement of Obi's voting block

writeprof:
8

This is worth noting because it's pragmatic and practical.
What happens to the remaining 10%? Na 90% I calculate?

The remaining 10% is the left over for myself

Deeaka:
I have been thinking about something that I believe many salary earners can relate to.

Sometimes, once people know that you have a good job, they automatically assume that you have money.

You become the person they call when school fees need to be paid, when someone needs urgent assistance, when there is a family problem or when an unexpected bill comes up.

And honestly, helping people you care about is not a bad thing. Most of us want to be able to support our parents, siblings and other loved ones.

But there is something people don't always consider: earning a good salary does not mean that all your money is available to spend.

You have your own bills, savings goals, responsibilities and plans for the future. Some of us are also trying to build a life that will make us less financially dependent on our salaries someday.

The tricky part is that when you start saying no, people may think you have changed, become proud or forgotten where you came from.

Meanwhile, you may simply be trying to make your own money last until your next payday.

So I want to ask:

1. Do you think earning a good salary automatically makes someone responsible for helping extended family?
2. Have you ever had to choose between helping someone and meeting your own financial goals?
3. How do you set boundaries without damaging family relationships?

I'd genuinely like to hear people's experiences, especially from those who support family members while trying to build their own financial future

I think you are a single guy that is why you are the Mr nice guy.

I was like you few years ago. I was making good morning. I wasn't hungry and everyone knew me as a nice guy because I would always turn up for friends, forgive bad debts and become their Jesus. Even in my family I was seen as the bread winner despite having about 6 older siblings who were doing great for themselves, I was left to cater for my aged parents alone because I funded everything without asking or disturbing anyone. Even my nieces and nephews regarded me as their favourite uncle.

All that stopped immediately I decided to get married. I make more money now than I used to make before but one thing marriage does for you is to make you more pragmatic with money and think first before you spend...

First of all 20% of every kobo I earn goes to my money market investment funds, 10% goes to stock investments, 10% goes to my kids education insurance, 10% goes to my emergency funds, 20% goes to savings, 20% goes to feeding, bills and whatever my wife may need (which I always withdraw in cash and give to her, anyhow she likes she uses it sha make food dey house) while left over I keep for myself even in the left over I still find room to do ajor with it and do some opay and piggyvest target savings which I use to clear my rent at end of the year and give my parents from it weekly.

Like I barely have spare cash, not like when I was single and leaving bulk money in my account and when someone comes for help , the money is too easy to access but now every penny is assign to a purpose. I can only be benevolent if I have any spare money in my opay or palmpay account other than that, you will have to wait until December when I collect ajor or cashout opay target savings then from the interest accrued from the year's savings I can be benevolent to give out other than that just pray I have spare cash left otherwise nothing for you because even me sef dey manage. Na who get money go fit help person

Slic1:
Those phones may be a security risk for users and country being used in. It maybe staged. Remember pager issue.

Exactly what I said immediately I saw the news. Bro you are very well updated in how MOSSAD and CIA operates. I am 80% certain those phones have been tampered

This is purely a move by MOSSAD or CIA. I can bet the accident is an intelligence move and those iPhones are tempered to collect sensitive data that can help MOSSAD or CIA collect intelligence secretly like the pagers move.

yemre:
It is very true, they make that kinds of money daily even more, especially when Uber was still around and many of them were on Uber platform.

But now, the story is no longer the same. Now they're complaining. That doesn't mean they're not making money but it's not like what it used to be.

However, if you wish, you can still join them, but with a target mentality! Depending on what you think. But in my own personal opinion, driving isn't something you can do for long because it can be draining and tiring. Those who have cars and drive in Lagos traffic for hours to & from to work daily can testify,

But then, it depends on you. There's money in e-hailing business. But my advice is that you do it with a plan and do something much better when you've hit your target.

Just my two cents!

I have no intention of doing it. I have a thriving business with no time at all for extra business.

I asked out of curiosity

LordLicifer:
I thought it is all about money, from your initial comment everything you wrote pointed to money. No mention of peace of mind..besides, in which country would you say has the most peace of mind? The UK or nigeria? Be honest, at least to yourself.



And oh! You still didn't say how much taxes you paid on all that your earnings. Nigerians, are afraid to pay taxes,forgetting that they have to provide all their own basic amenities which are government responsiblity to provide. Nigerians provide their own water boreholes, generators for electricity, some even buy water in most cases nigerians also pay hugely to provide their own healthcares. All that cost more than paying a $20 taxes.

I should pay tax to a govt that is not transparent and ridden with corruption. Dey play

LordLicifer:
Nice story......
how much tax did you pay in all these your earning?

Your friend can still come back if he is not happy in the UK, he is still making more money than you, He takes home £2000 a month in the UK and complaining.

Yes he makes more money but not peace of mind.

Na so I got carry 25m say I dey do UK visa last year...

I never fancied that japa stuff but my friends that went were mounting pressure for me to come. I applied, did everything then it was time to apply for visa I just stayed back thinking.

So I will carry this 25m to process visa and still be owing these people school fees and will have to work and wash nyash all in the name of Japa... I thought about it and just changed my mind...

I moved the bulk of that money into MMF and started getting 350k interest every month, I left it there to compound and in my mind assumed that I lost the money.


I continued working in naija, my friend saw me as mumu but who cares. Run your race I run my race.

Fast forward to this year, I have doubled that money because I kept moving 60% of my earnings into it and still have some savings left for emergency funds. Aside my earnings, mmf alone pays me about 800k monthly in interest which I still allow to compound and not touch it.


Fast forward to my friends, everything has died down, they are no longer fuzzy about me not joining them but when we talk I notice they keep complaining of no time to rest, tax this tax that and one even had to pay £10,000 to get COS to remain in UK after his previous company was terminated. He paid to get a new certificate and according to him that was over 70% of his savings in pounds then I asked how much he earns monthly and he reluctantly said £2,800 or £3,200 max if he does over time... From that £3,200 he said rent alone takes about £500 because he shares with his brother.

Council tax about £130, utilities, transport feeding etc. He sha said at the end he is left with about £2000

A substantial sum but he said the pressure from home and other eventualities further reduces the money

So I was discussing with a friend about Uber, bolt drivers on a particular issues and when we started talking he said e-hailing drivers make over 50k daily. I was like 50k daily that's a lot of money

Considering they pay commission to the app and also fuel the car are those factors considered when making that assumption that they make such but he insisted that 50k is after those remittance hinting especially if the car belongs to them.

So I am asking, e-hailers is this true? If you are currently into it, what's the condition and what's your highest earning per day after every remittance and how long have you been into it..
This post is borne out of curiosity nothing else

youngsum:
honestly sir being a stranger doesn't matter ,what matters is integrity, honesty. Besides that, most people around were all struggling too and I came from a very poor family ,my colleagues were all teachers like me always living hands to mouth.

Lol dey play

Nteogwuija:
I'm planning to liquidate my car. This Bolt business no be am. But I'm confused on what to use the capital for so that I don't squander the funds.

How much are you expecting and also do you have any other income stream? These two answers will determine the advice I will give to you

youngsum:
give me loan sir pls 150k I want to start photography business

Lol

So of all the people in your life, friends, families, colleagues, church/mosque members etc you think it's a stranger with no ties with you that can loan you ... Funny dude

I have not escaped poverty but I am taking steps towards getting there and these are my steps

1. My first major move was quitting my job to venture into business which initially I regretted cos of hunger but after 3yrs it began to make sense

2. Lifestyle changed helped me alot because I trimmed the friends I kept to just 5 reasonable guys that don't drink, womanize or go clubbing all the time. Our weekends we only hangout to brainstorm and another move was to get married when I started making some money. You won't understand how much being single cost until you get married to a responsible and decent lady then you realize how much you've wasted. I got married to a decent and hardworking lady who helped me to cut down excessive wastes and she helps me to budget and cut down cost alot, like moving from an overpriced house to a budget friendly house, removing peer pressures like throwing parties for child dedications etc, my wife stopped all that


3. Aggressive saving and investing. Nearly everything I earn now goes into MMF and Equities and every year we purchase a plot of land to add to the plots we already have. Our goal is for the MMF and Equities to be able to match up what my business generated, when we get to that level we can pat ourselves on the back and say well done.


4. I bought back my time by empowering my younger siblings. Seeing him roam the streets without ambition pisses me off so I strategically brought him to hustle with me and in the process taught him the business. He sees money now and runs the store for me. His presence now doubles my sales because I market and he also markets as well and every transaction gets him his cut. A substantial sum and this helps buy back my time because I delegate tasks to him while I have freedom to explore other investment opportunities. Aside that he now plays a major role in catering for our aged parents, a burden that was solely on me before.


5. I know what works for me and what doesnt work. Before now I spent alot trading cryptos which only causes me losses and miseries, so I realized since 2017 all have done was waste money without making even a penny. So realized that crypto will never make me rich hence I blocked and deleted everyone and anything crypto related and focused on my business. Also with almost everything I earn going into MMF, equities and real estate, I am only left with money to feed my family so no room to be a nice guy that I used to be. If you beg me for a loan, I can only give to you if I have anything In my opay. Aside that no money and I can't kill myself for you

There was this girl I met back then inside a banking hall. I asked her to lend me her pen to fill my teller and she did. After using it I returned it back to her with thanks and step out to leave. As soon as I left the banking hall I saw same lady outside and I thanked her again, I decided to walk home and she walked beside me. That was how we exchanged contacts and I noticed she wanted something. That day passed and as the weeks go buy we got fond of each other then decided to meet.

First day she came over at my place and was all over me. Since she now know my place, the next day I was at home in the night and I heard knock, when I opened lo and behold she was the one.

I was shocked. I didn't invite you and you didn't tell me you were coming. I allowed that to slide. Following week she did the same thing..sometimes I would come back and see that someone already came to the house, cleaned and prepared food and left (of course I always threw the food away).

She continued like that until one day I met her friend she introduced me to on the road and we exchanged pleasantries so while talking on the phone I told her that on the road I saw her friend and we greeted and left, her response was, why are you talking to my friend. She became aggressive and hung up.

Next day I heard she went to confront her friend, they fought and she stabbed the friend on her shoulder.

Ahhhh! Me that is a calm person that hates wahala, I didn't know that this pretty girl I thought is homely has a toxic attitude. I flashed back I realized that all those while she was coming to my house unannounced was to see if I was with any lady so she could fight her.

I knew she was not only jealous but obsessed with me and I wasn't going to put up with that. Breaking up with someone like that would put my life at risk because she can just stab me or poison me. Though all the food she prepared I didn't eat any but who knows the way she was breaking into my house. I don't know how she figured where I used to drop my keys.

I stayed calm rolling with her, she pleaded to sleep over several times I declined.

I perfected my plans to leave the state and one day got into a fight on phone and ended the relationship. I was told she came to the compound to create a scene like a mad person..thank God I wasn't around who knows what would have happened.


Before I used to think it is girls with weird dressing, multiple piercings, tattoees that are mad, I never knew that the ones that look calm and homely are the real demons

It's surprising that in 2026 flights are still allowed to just crash and kill everyone.


Can't dey provide every one with a parachute to enable them jump out and give them a chance at survival than allowing everyone to just go down with the plane

Atleast if I jump out with a parachute and land in an endless ocean, I know that atleast I had a chance to survive but it just wasn't meant to be

That money you want to use to invest into those things just use the money , look for a rowdy place, get a POS banner and start doing POS withdrawal and deposit...

Photocopy is not worth it and the cost of starting to be successful is outrageous.

1. You need a location (shop or container) that will suck a lot of capital from you

2. You need a good generator because you can depend on Nepa alone for such kind of business

3. Need to buy the photocopy machine and it's sisters like laminating machine, smaller printer, laptop, passport printer, etc that will suck u like 2m alone

4. To operate you need to keep buying A4 papers and fuel to compete


5. You also need a fan for there not to be stuffy..

All these for a business you are not sure of making 3k daily without cost of operation eating U up . About 3-5m may go down without u seeing any tangible gain

For the other business why go into graphic design when ChatGPT is so good at it? Before you invest go round and check most of the banners you see, you'd see signs that they were designed with AI


So my brother invest in POS business.

You don't need a shop or container. Goto a busy place, find umbrella and table sit-down with Ur banner.

The terminal shouldn't cost U beyond 25k per one You can get two. Moniepoint and opay machines.


That money you have use it to do Ur business and watch it grow.

Your capital is always intact, it is your money that moves from your account, to cash and back to your account with interest

I am among those men. I don't smoke, I don't womanize, I don't drink, I don't party or club.

What makes me happy is making money and providing for my family.

Seeing my wife and kids happy means the world to me

Seeing my siblings winning and excelling gives me joy

Helping other people especially financially is a big win for me.

Love800:
Okay.

Nice note from you.

I want to ask.
How do one start this mutual fund stuff?

Visit your bank and tell them you want to open a money market mutual funds investment most especially stanbic ibtc app.

For better rates and easy setup you can use fintech apps like cowrywise, investnaija, Plutusneo etc

Omayie:
Good advice.

But did you also consider capital value?
One is on the fast lane of depreciation and the other on the fast lane of appreciation.

I bet a 100million worth of property must have increased to 20% more valuable at year end.

Quick check……

In 5year.
For your MONEY MARKET FUNDS 17% of 100m in 5years is 85million + Plus capital 185m

Let’s assume a reinvestment of 100Mx17%x5yrs reinvestment on year by year basic without a touch of capital and interest is 219,244,803.57 which is subjected to WHT and other deductions

Now a property worth 100m will be worth 20% if not more at year end and let’s say by 5yrs it must have achieved more than 100% value.

That’s 200M
You take up rent of 2m x 6flats like you said

That’s 12M/yr (x5yrs =60M)
Note that the rent is subjected increment of 20% every 2 years
That 40% in five year

NOW
Property Value 200m
Rent 60M
Rent Increment 60Mx40% = 4.8M
Total investment +Capi is 264.8M

Now let’s assure the person invested the rents collected on yearly basis for the next 5yrs on other trades or property or same money market funds you talk about.

Remember that one is fast to appreciate and the other to depreciate

Did you also consider factors like government decisions, building collapse, fire outbreaks and the ease of getting liquidity when you need to sell?

100m is a rough estimate I gave you. To build a reasonable apartment in a place that can quickly appreciate by that 20% you mentioned you and I know that cost of land alone will suck up about 40% of that 100m

And what can 60m build for you?

When I said 100m for build a block of 6 two bedroom flats, I was being cheerful with the quotation.
.

R0LL0N:
Thank u for your advice. Can you recommend me mutual fund with good interest in Nigeria. Thank u

Check cowrywise

ecomallchemistt:
Please what Nigerian bank offers the dollar mutual fund instrument ?

Use fintech apps like cowrywise or bamboo.

Or you can use Bluenest owned by stanbic ibtc

Nteogwuija:
Thanks, boss. This is one of the reasons we use Nairaland - to learn from experienced people.

May we grow and make money in good health

Nteogwuija:
You included a caveat there 'if interest remains thesame.' What if interest cuts by half of even goes lower, what happens?

If interest rate cuts, you still have your original capital and by then your money would have compounded.


Mutual funds compounds. They pay interest for your capital and when the interest is added, it is compounded.


Wise investors use both naira and dollar mutual funds

DaddyRochie1642:
Bro, please can you educate me on how this mutual funds work, I am very open to learning about it from you,... You seem very knowledgeable in this field.

Mutual funds are financial instruments that make money work for you.

All over the world different countries have their mutual funds and they are completely legal and not Ponzi schemes.

There are several types of mutual funds

1. Money Market: This is a low risk mutual funds which preserves your capital and gives you steady interest. Your money is invested by your fund manager into 3 different instruments like commercial papers, treasury bills, govt bonds or fixed deposits. Currently now mutual funds in Nigeria is about 20% but your bank or whatever app you use may pay somewhere around 16-17% while the others is their cut. You can visit your bank like stanbic ibtc, fidelity, UBA etc and inform them that you want to open a money market mutual funds account or use any fintech app like cowrywise, investnaija, palmpay has it , Plutusneo etc. just note that fintech pay better rates than our banks but in all your capital is safe and also note that for mutual funds, interest isn't stable , it can go up or go down depends on the state of the economy but Ur capital will always be safe.


2. There is Equity mutual funds: this is conservative. It's high risk. Your money is may go up or go down depends on the market condition because your money is invested in stock market , bonds and treasury bills so because of stock market involvement, your money can grow exponentially or reduce maybe by 60% depends.


3. There is Hala mutual funds: for this it's same as Equity but follows islamic regulations when your fund managers are investing for you.



In all for your case, I will say stick to the first because it's equivalent to taking rents and securing your capital.

Unless you want to take bigger risks which for now I don't recommend.

Money market mutual funds is the best for now, your capital is safe and your interest coming is steady and you can withdraw anytime you like.

Do more research on YouTube for clearer understanding or walk into any of your bank for enquiries but as for me I use fintech apps like cowrywise, bamboo and investnaija to do my investment. I don't do banks

R0LL0N:
Unfortunately built a new tenant house after first year of payment and expiry all the three tenant are oweing 4 month rent. This is painful and a big discouragement to me as this is my first investment. It’s totally turn me off from going into further housing investment. Can someone one advise how to go about this. There is a mentality that when u issue 6 month notice to quit tenant live in the house free during those period without paying is this true.

Putting that millions into money market mutual funds would have been a profitable investment than building a house.


A money market right now pays 17% per annum.

Let's say you used 100m to build that house for example


Money market should give you return of 17m yearly (if interest rate remains the same) and your original 100m is still safe and secured.


Whereas building with that 100m let's say gives you 6 blocks of 2 bed apartment (I doubt but for instance)

Let's say each tenants pay 2m per annum

That should be 2m x 6 tenants= 12m per annum


You still have to do repairs, settle lawyers, settle land use charge and do all sorts of trouble and monitoring and still your initial capital is not certain of coming back.


You see why some of us choose to stick to money market investment instead of tying huge funds doing landlord and tenant wahala.

I don build my personal house, my family have a roof over their head so I am ok

If at all I need to build I will build hotels (unlikely sha) but for now mutual funds returns is what I use as my yearly rent from tenants

Richtaiwo:
Someone sacrificed his time, money and effort to build a house, yet we often speak as though the landlord has no economic realities of his own. With the rising cost of virtually everything, should he still collect the same 2m rent he charged five years ago? Is your salary today the same as it was then?

Inflation does not spare landlords. Fairness should not mean freezing the landlord’s income while every other cost continues to rise. A reasonable adjustment in rent is not automatically exploitation, sometimes, it is simply economics.

Oga stfu

When you build a house is it instantly you make the money?

Everyone knows that building a house for rent is not a profitable venture.

If you want quick profit build hotels.

People build houses as legacy projects, retirement plans or a means of inheritance for their kids.

Its not money you seek to get back. It is money tied down for retirement where payment comes in as salary.

You all acting like once you build a house, sharp sharp U want to get the money back within 5yrs.

Stfu once again

mactoni91:
This is one Area nobody is talking about...

The government isn't doing anything...

The Landlords are becoming ruthless...
Agents are becoming evil.

That's why in this election I am not voting any idiot. Whether Obi oooo, Tinubu oooo, atiku ooo, governors, senators, chairman I am not voting anybody.


None of them has talked about housing shortage and sharp rising cost of accomodation in Nigeria


None of them