Irore: The LC policy that brought so many indigenous companies that owe workers salary to no end. I know Seplat is not one of them though. Please let the man be abeg.
i dey tell you!
The day a Nigerian heads my workplace is the day i dust my CV for a new job.
timexkaka: I got myself an Acura Rdx 2007 recently. There's some Christmas Light on the Dashboard, I have changed the rear break pads. But this warning light is still on. How can i resolve the TPMS and VSA
@ 0:32 That is a Compressor Control Solenoid Valve and not a pressure switch...
In this case i would recommend complete AC system overhaul (new evaporator, condenser/drier assy, AC lines and even expansion valve) this would assure me of no compressor failure(black death) in the near future.
jangos: Please don't listen to wrong advice o, I am also talking from experience, 2013, my landlord gave me 7 days quit notice because i could not pay him 2 months rent. I told him to give me 3 months to pay all outstanding, but he refused, instead he gave me 7 days to pack out from the house i have leaved for 7 years. On the 7th day, he came with a quack lawyer, who served me a fake court notice to pack out from the house, they brought my properties out and I went to Lagos state mediating center at Alausa, they were also charge to court and my landlord and the quack lawyer were reminded in prison for 14 days, the apartment remained locked for 3 years of court proceeding, they later asked for out of court settlement, they agreed to pay for all the things i reported missing and damaged and to pay my house rent of where I was staying during the court proceedings....pls don't listen to online lawyers, because there are conditions on tenant and landlord relationship
No wonder.
The landlord was at fault by packing out your items without a proper court order(fake as you called it) and following due process
Now , try this again with a Landlord who is learned on this matter and see how it turns out. You go hear am.
jangos: Please don't listen to wrong advice o, I am also talking from experience, 2013, my landlord gave me 7 days quit notice because i could not pay him 2 months rent. I told him to give me 3 months to pay all outstanding, but he refused, instead he gave me 7 days to pack out from the house i have leaved for 7 years. On the 7th day, he came with a quack lawyer, who served me a fake court notice to pack out from the house, they brought my properties out and I went to Lagos state mediating center at Alausa, they were also charge to court and my landlord and the quack lawyer were reminded in prison for 14 days, the apartment remained locked for 3 years of court proceeding, they later asked for out of court settlement, they agreed to pay for all the things i reported missing and damaged and to pay my house rent of where I was staying during the court proceedings....pls don't listen to online lawyers, because there are conditions on tenant and landlord relationship
No wonder.
The landlord was at fault by packing out your items without a proper court order(fake as you called it)
Now , try this again with a Landlord who is learned on this matter and see how it turns out. You go hear am.
alpontif: I have been saying this exact concept for years to Famil/friends, but I have realized over time that they take such information wrongly, apart from thinking you are stupid, they will think some spiritual forces are preventing you from owning your own house, they never understand..and those of them that have already owned houses think you are insulting them.
It is also the reason a lot of people live average lives and never become wealthy. They might be rich, but they can't afford to stop working, hence they never become wealthy.
The house you live in is not an asset, since you will not sell it under normal circumstances, we call it dead capital. It is not producing any income for you, nor can you benefit from selling it if land values should increase, because, remember, it is your house....so you can't sell it.
What people who become wealthy (and this is why I greatly love and admire Igbo men, though I am Yoruba) do is that they save up money to establish Cashflow businesses, they will then keep on managing and saving up to establish more cashflow businesses .
These cashflow businesses will be generating income, which is saved up and then invested in passive investments like TB, Bonds, plots of cheap land all over the place, student hostels, lockup shops etc.
The income from investments initially is not as much as cashflow businesses, but it is passive and do not require active management, so as the money is coming from their cashflow businesses, they are putting it in passive investments, gradually, until it comes to a point when the yield from their passive investments can cover their yearly living costs.
At that point, they will now start putting money in non assets like their own house, and may even decide to retire, without ever working in their life again.
To illustrate this point, let us assume you do a business and just hit twenty million, or you saved up twenty million naira.
The first instinct of a typical Nigerian is to show he has arrived by buying cars and building a house, the instinct of someone who wants to be wealthy is to establish a cashflow business.
Let us assume you want to be wealthy, so what did you do?
You imported a haulage truck for five million naira, opened a paga shop with three hundred thousand, established a block industry with one million, opened a shop in a market to start selling provisions with one million, opened a small buka with five hundred thousand...everything at a total cost of seven point eight million. You now bought dollars worth eleven million, then used half of it to buy Tbills, and fixed the remaining in your dorm account. You want to be running your life with the one point two million that remains.
You have just established a cashflow business.
Your haulage truck will produce money every week, you set aside a sum to recover the cost of the truck and send the profit to a special account every week......say fifty thousand weekly
Your paga shop will produce money every day, you set aside part of it to recover the cost of establishing the business and send the profit to a separate account daily......say two thousand daily...fourteen thousand per week
Your block industry will produce money every week..........same process........say fifty thousand weekly
Your provisions shop will produce money every day......same process........say ten thousand daily.....sixty thousand per week
Your small buka will produce money every day.........same process......say ten thousand daily....sixty thousand per week
Your tbills is producing money...keep it there
Your dollars is protecting you against inflation .....keep it there
Money is entering from all directions, that is cashflow.....in other words, you have a very high liquidity.....this means that you can have access to reasonable amounts 0f money at any time for you to take advantage of opportunities.
So, as these businesses continue to grow, you keep expanding them, and opening more branches, piecemeal, gradually.
Assume you open this businesses forty weeks in a year of fifty two weeks,
Per week, you are making two hundred and thirty four thousand naira
Forty weeks total Nine Million, three hundred and sixty thousand naira.
And that is after you have removed the seven point weight million you used to establish the businesses, you will still have nine point three ,million as profit.
On just single branches.
The more you expand, the more money you make, the more liquid you become, to the point that if any opportunity comes up that requires cash, you won't be running up and down looking for money.
When it gets to a point, start using the profits you are getting from your cashflow businesses to buy cheap land in Hectares and acres, dont go to where land is presently in demand, buy land anywhere, everywhere, as long as it is secure and very very very cheap. Only suckers buy expensive land.
Buy more bonds , dollars, tbills, at any point in time make sure most of your liquid cash in the bank is in dollars.
Continue this over a period of ten years, if you dont become a hundreds millionaire, call me barstaad.
At that point, you can now build your own house, and even retire.
Please note that this advice is for people who want to be wealthy, not those who want to be rich. It is strictly for business minded people not people comfortable with earning excellent salaries.
A house is not an investment, if you fear you will die before your time and want to secure your family, and that is why you want to build your own house, there are insurance and investment banking products for that.
Think with your brain not your feelings. If you use that twenty million and build a house, other than waking up and seeing your house every morning, it will not give you a single profit, you have just buried money.....like the guy in Jesus's parable.
For people who are working and are not business men, if you save up and get this kind of money, buy dollars and keep, buy tbills, fix part of it with a cooperative bank, fix part with an investment bank like Meristem, FBN capital, Investment one. etc.....
Dont bury money....
With this kind of mentality, you can never be poor in life!
Gaiuschibueze01: I can buy this matter from dominion191 and toil with you in court till the end for you to know who I am. Stop insulting anyone that tells you the bitter truth in this matter, not everyone treats nonsense. Or Do you think the whole nairalanders support you?
If this is how you push out corrupt leaders, I am sure Nigeria would have a been a better place. Stone casters everywhere...... #Phewwww
Bros, instead of that, why dont you pay the OP his 220K and then you can dig it up with the scammer who scammed him, since you have sympathy for the scammer?
Acehart: I use a RX350 and it has amazing movement and handling. If I were to recommend a car “no-holds-barred” - fair road, just enough money in the bank, I would recommend the following:
These are the cars I have fair knowledge of. I could have put a 2008 RAV4 but I hate the paint work on all Toyota cars - it is terrible; and its suspension isn’t great. Of those three, the XJ is a car you would never like to sell. If you decide to sell, you would almost never get someone to buy it.
This confirms the one or all of following:
1. You are not Nigerian 2. You do not live in Nigeria
mannycrown: Lucky you! This baby is up for sale for #1.6m First body Buy and drive, nothing to repair!!! Used for just 2.8years, bought toks A/C / Engine / Trans. top notch Interior very fresh Exterior no serious dent Location PH Call/WhatsApp 08185881555
You bought it toks in 2016, and it is carrying old plate number?!
Autos › Re: Clean Company Seldom Used Toyota Corolla 2010 @ 1.1m , Call 08035469212, With AC by Inception(m): 3:03pm On Nov 29, 2019
