₦airaland Forum

Adegokenath:
go and buy land or house in ur home town stop investing in treasury bills or bond Nigeria will soon collapse and for those of you that have dollar account go and withdraw and invest in real estates, only God can save this country from collapsing

So, if the country collapses, the hometown you advised to go build house is situated where?

Shellsploit:
Go..

I'm glad you took the correction though
I also hope you'd decide to seek what the phrase translates to.

Shellsploit:
In roddy ricch voice...
"I rather be judged by 12 than buried by 6"





Accept my heart felt sympathetic sympathy!

*carried

Still don't get how this relates to the topic. You mind elucidating?

Not yet I guess @Brokerharuna?

NgHotGirls:
Thank you, your Signals are always accurate.

Dimitarr:
oga dont be quick to dish out false news like that(dont take it as an insult please). I mean reading peoples idea on trading view about btc they were already postulating that this dip would occur but we were still on course for btc to keep rising. rise and make correction, rise and make correction. just dont panic. we are in full alt and bull season. slow and steady wins the game. PATIENCE is key

You were saying

Disciplinarian:
I mean WhatsApp banking, almost every bank in Naija get WhatsApp banking platform na.

Anyway, how do I transfer money to a trader that's using Kuda, I've checked up to 3 traders and they're all using Kuda. Is it compulsory to use Kuda as a means of payment on binance?

I wanted to buy USDT, I went straight to p2p trade and I clicked on an ad that's in accordance to my budget, I typed in the price and clicked on 'make payment' the next thing I saw was "Opara Neptune...00045678...Kuda bank" I thought it was a mistake and cancelled the trade and checked another ad, I still arrived at the same junction. Kuda is not a bank, it's an app. Maybe it's because I'm a still a novice hence the reason for the confusion. I don't use Kuda because I don't like the app.

Only through bank app can you access banks like Kuda and co.

emmanuelewumi:
One is rich while the other is wealthy.


If his savings can cater for his expenses for eternity, you are wealthy. If your savings is equivalent to 25 times of your active income you are good to go. At least interest on the savings will be more than his salary.


Wealth will provide for you for eternity, a rich man will continue to work or hustle to pay his bills.

You have agreed with me that we can't be wealthy without savings and Investments, these are what give passive income

This, I 100% subscribe to without an iota of disagreement. Just the flaw in the comparison of figures, I was tryna point out.

I'm a sucker for passive income also of course, "Richest man in Babylon" made it so with so much emphasis . Despite being a lil fortunate with fair monthly income, I still feed very casual, no thanks to "a certain % of my monthly income must be invested".

So, investment is key sure to passive incomes. But how much you have to invest to achieve financial freedom is another interesting side of it all.

emmanuelewumi:
Not a matter of preference just that one is rich and the other is wealthy.

The CEO is rich and the Investor is wealthy.

The wealthy one can easily absorb any shock, emergency, accident or health issues compared to the rich CEO

Exactly what I disagree with, sir. As long as the rich CEO saves, he still would be richer than the investor at the point of calamity. The only question would be for how long since the investor most likely would still be getting his dividends while the rich CEO has only his savings to manage.

Despite the above, if he got guided right or he chose right to the path of investment/business at that point, he still would get fatter dividend/profits than the older investor, former 100k earner.

A lower figure can still be used to understand my perspective. A 500k monthly earner with 250k monthly savings and 100k earner with 50k monthly investment amounting 70k dividend. The 500k earner would still always be ahead of the 100k guy so long he stayed disciplined to his saving habit.

emmanuelewumi:
The young man just dey quote figures any how and creating imaginary scenarios

emmanuelewumi:
Salaries are per annum and not monthly.

No CEO in corporate Nigeria earns N300 million per month or N3.6 billion per annum.


The highest should be about N1 billion per annum

Yea, that was some wild assumption. But I feel you got my drift

emmanuelewumi:
Savings earn interests, which is a form of passive income At 5% N3.6 billion will give an interest of N180 million per annum

Yea right. But he never invested, just dumped his cash for safekeeping. That's just my point

ojesymsym:
All these una 400million per month wen una de call, which people when de work de receive am for Nigeria. Secondly, which kind of workers also de receive am for US?

That was just to understand him better with his comment on preferring a 100m earner with passive income over your 300m CEO monthly salary.

emmanuelewumi:
N3.6 billion will earn how much in interest in a year?


When he stops working how long can he survive on the N3.6 billion, if he can survive on it till eternity he has done well for himself.


It has to do with how much you make in your sleep ie without lifting a finger and what percentage of it you spend.


And can this cash flow sustain you forever, if you can't work again due to age or ill health. Can this passive income continue to flow even when we are dead

That 3.6b is just a year savings. 15 years at a stretch should be 54b if my calculation is right. That's more than enough for him and his at least one generation to live on considering they also would grow to start working for themselves.

emmanuelewumi:
N300 million from salary does not make you a wealthy person, you are only rich unless you are using it create passive income.

If you are not making money while sleeping you are not wealthy, you are only financially okay or rich.

The difference between a rich man and a wealthy man, is that a rich man must continue to work or hustle to maintain his life style while a wealthy man will continue to maintain his life style even if he is not working and he also has freedom.

The children of the CEO that doesn't have passive income can't inherit the big salary of their father, while the children and grandchildren of the shareholder with a dividend income of over N100 million will continue to enjoy the investment income from their father's legacy

So, say for example: A earns 400m in a month with no passive income but saves 300m = 3.6b a year

B earns 100m a month, saves only 20m due to 50m investments gradually with passive return of 60m = 80m monthly inflow = 960m a year.

You'd still consider the passive income earner which is B in this case the wealthy?

You still feel B's kids would be more fortunate at both's death period if their demise coincides same time frame?

Freciprocal:
1. Physical wealth ( health)
2. Time wealth (freedom)
3. Social wealth (status)

Money is already a given if you have the above three. I might not be financially wealthy, but I have the top 3 that money can't buy.

I would be able to meet my needs. I might not be financially wealthy or rich but I would definitely be contented.

Nice, what floats your boat. Everyone should have this mindset though but for me, not today, tomorrow maybe.

Freciprocal:
Your choice is valid. So is mine and also everyone's choice.

What I am against is the one cap fits all ideology and also the misconception of Social wealth.

The true definition of wealth is when you achieve the 4 of them. You can start with anyone, but strive to achieve the 4 of them.

Yea but in the light of the topic, you can only choose to achieve 3.

emmanuelewumi:
Social wealth gave him fame, popularity, acceptance, respect and reputation. His social wealth might open doors for you na.


I believe people who crave for social wealth have a type of complex. My opinion though.

You are right but in the light of the topic, financial wealth over social wealth any day.

Freciprocal:
People are clearly misconstruing Social wealth to be showing off your wealth socially.

@macktaob I can easily define social wealth as
"you reputation"

Probably if we see it in this light, we would be better informed

Okay, this works for me. Reputation is an important asset of course. But in this life of cruelty, I'm gon choose financial wealth over reputation, so long it's not that I'm gon have the opposite of reputation, I just would be me without having a tarnished image.

My dad chose reputation/pride/respect over money, he was a politician, a big one, he died a young man, 53, leaving 13 kids to sort for themselves at tender age, fight amongst themselves over naught, once love turned distrust. Never would I make his mistake but not suggesting ruining one's name over money though.

Freciprocal:
[/b]
1. Physical wealth ( health)
2. Time wealth (freedom)
3. Social wealth (status)
4. Financial wealth ( money)

In that particular order

Social wealth over financial wealth huh?

Pls, you've not defined "social wealth" as you understand it. Could you pls? I'm tryna reason your perspective.

NB: I'm irreligious, agnostic. So, automatically heaven riches don't bother me.

NL1960:
On the bold, it is 'do you know who iam?'.

Yes o

emmanuelewumi:
Are you sure? Social wealth is also powerful oooo, especially in our materialistic environment where we want respect and approval from the populace

That respect and approval are only meant to compensate happiness(rub one's ego, some will term it). So, with enough money and good health, one should have enough happiness beyond his comprehension hence making social status less desirable at the expense of any of the other 3 options.

emmanuelewumi:
If you are told to remove one, which one will you remove?


I will remove number 2

Obvious choice of any sane human.

You have money, you have good health and free enough to spend the money as you desire and flaunt the healthy status. Wtf is social status?! It would only even drag you down or hinder you from enjoying the freedom to the fullest.

Notyamate:
Exactly what I thought. Seems say na copy and paste

Swears

Leezah:
Some just want to multiply their money 3x, others 5* or 10*

Me, my safemoon is going to get 10k$

Before I ever think of selling it...

Yes I know ..I know say na 5$ I buy

But presently it is tipping close to $2,000�
Are you gaddam kidding me, $safebtc have overtaken $Pitbull

Exact mindset of being and becoming Kunle. Seems you confused with what you post or prolly it's other people's pieces you copy and paste here.

Notyamate:
Jeez! You brought all those coins at the top. Please endeavor to stop chasing pumps, it's better to watch on the sideline than carrying their bags.

Lol, you didn't get the gist. Read again the story of Kunle by Leezah a page back to understand my testimony

Doge brought bad luck to crypto but the werey is staying afloat while others including the greatest of them all difficulty breathing underwater.

carik:
You people have confused kunle completely.

Swears coz I am Kunle on Chz at 0.84, on Win at 0.28, on Mtv at 0.018, on Bloc at 0.0033, on Klv, on Omi.

Even though as of today, I'm regretting being Kunle but I'm sure once these coins pick back, I'm still gon relapse to being Kunle. My resilience and goal driven passion is just too dangerous for my health

Salary comes next week, we add more liquidity again

Ok, you are trying to show that you not bias to a region but criticize the north too. But regardless, your choice of words as seen in those posts are just too vile.

You are still much respected anyways, naught and no one can take your value away from you, those raw experience and analysis you do share.

I just hope you evolve in this other aspect as well.

ahiboilandgas:
so u wish abi if u send forex to Nigeria is dash to Nigeria govt as if u don't receive Naira equivalent.....werey....u know why yoruba people are considered dirty abi cos the shit in polytene bags and throw ever where ....go to ijora badia ,mushin ,oyingbo, alakija , agegunle and see how crowed and miserable ur people live .....visit ekiti and oshogbo and see poverty and lack of salary payment ....outside Lagos built by Fgn and other people no southwest city can match kano,or kaduna in term of infrastructure,jobs ,trade Good living and proper housing not all those your shack u call houses in Lagos that u want to collect 2 year rent on ....just look how miserable u live in Lagos with smelly danfo and over crowded park ....u are too stupid to reason ....Lagos is among the world worst city to live in

Fück! And this from this year!! O ga o, this just too vile!!!

Pls ya'll should stop rooting out old posts before you rile others here up. Best to leave those posts at the threads they were made and to those who visit the threads.



@Ahib, I can't seem to get your point. So someone insulted a high profile from your region and in return you profiled a whole tribe and region?! That's fücked up, egbon! Allah, that truly is messed up, especially for you, a person we all love and regard here.

.

It's Bear run time