I'm sorry to disturb you sir/ma, I'm currently in a position I feel I needed a serious advise.
I rounded up my service year, Nov.2020, luckily I was able to secure a job in a construction company jan.2021 although m on probation (1year).
I managed to secure an half plot of land this month somewhere around Ogun state from my little savings(as a result of this I don't have any savings in my acct)
my probation period will be over by dec. With little chance of being retained.
I'm actually planning to rough things through to Dec. again this year so that I can do the foundation of the land(which means I will not be having any savings) with high probability of not being retained.
Is it advisable to do this when m sure I will probably not be retained or I should save to invest in a business?
Still below 26yrs, pls I need ur opinion and suggestions..thank you

koldej:
I'm sorry to disturb you sir/ma, I'm currently in a position I feel I needed a serious advise.
I rounded up my service year, Nov.2020, luckily I was able to secure a job in a construction company jan.2021 although m on probation (1year).
I managed to secure an half plot of land this month somewhere around Ogun state from my little savings(as a result of this I don't have any savings in my acct)
my probation period will be over by dec. With little chance of being retained.
I'm actually planning to rough things through to Dec. again this year so that I can do the foundation of the land(which means I will not be having any savings) with high probability of not being retained.
Is it advisable to do this when m sure I will probably not be retained or I should save to invest in a business?
Still below 26yrs, pls I need ur opinion and suggestions..thank you

Bros, don't start developing the land now since you're not sure of both finishing it and retaining your job.

If i were you, my 2 options would be either to buy another land or invest in something i would easily liquidate if i fail to retain my job at the end of the year.

You should only go into the business when you're sure you've lost the job, and will be physically available to run it by yourself.

With the current situation of the country, its hard to start or even maintain a business, even considering you are still actively working, you might not get enough time to build and monitor whatever business you venture in.

I'll also advise you 'rough things' and save enough to get another land. Land itself is a business, as it appreciates over time and is easily liquidable.

Forget about developing the lands for now, building an house is not as easy as it sounds.

Whatever happens after your one year, you can get something to fall immediately back on.

Goodluck.

ChybuzzDD:


Bros, don't start developing the land now since you're not sure of both finishing it and retaining your job.

If i were you, my 2 options would be either to buy another land or invest in something i would easily liquidate if i fail to retain my job at the end of the year.

You should only go into the business when you're sure you've lost the job, and will be physically available to run it by yourself.

Tanks

olaboy33:
With the current situation of the country, its hard to start or even maintain a business, even considering you are still actively working, you might not get enough time to build and monitor whatever business you venture in.

I'll also advise you 'rough things' and save enough to get another land. Land itself is a business, as it appreciates over time and is easily liquidable.

Forget about developing the lands for now, building an house is not as easy as it sounds.

Whatever happens after your one year, you can get something to fall immediately back on.

Goodluck.

Thnks

https://www.youtube.com/watch?v=idSYC8VLZKE

Hmmmmmmm
Build a house for your own good

https://www.youtube.com/watch?v=Gxrd_1oD9bo


https://www.youtube.com/watch?v=NSiGLc7XPbI


https://www.youtube.com/watch?v=beu8BLSdJiw

It depends on your pressing need now...

If you have an already running business, you can take a house project but if you have no business try to get one and work on your inflow of money.

Both

business first

koldej:
I'm sorry to disturb you sir/ma, I'm currently in a position I feel I needed a serious advise.
I rounded up my service year, Nov.2020, luckily I was able to secure a job in a construction company jan.2021 although m on probation (1year).
I managed to secure an half plot of land this month somewhere around Ogun state from my little savings(as a result of this I don't have any savings in my acct)
my probation period will be over by dec. With little chance of being retained.
I'm actually planning to rough things through to Dec. again this year so that I can do the foundation of the land(which means I will not be having any savings) with high probability of not being retained.
Is it advisable to do this when m sure I will probably not be retained or I should save to invest in a business?
Still below 26yrs, pls I need ur opinion and suggestions..thank you

You can strategically do both simultaneously and set a standard towards achieving your goals.

ChybuzzDD:


Bros, don't start developing the land now since you're not sure of both finishing it and retaining your job.

If i were you, my 2 options would be either to buy another land or invest in something i would easily liquidate if i fail to retain my job at the end of the year.

You should only go into the business when you're sure you've lost the job, and will be physically available to run it by yourself.

This above is also handy....

BTW in what capacity do you work so I can know what to suggest as alternative earning means plus way forward incase you aren't retained !


@SENIORWRITER

wisdom says, build your business before developing a house, unless building a house is a business for you.

Since you don't have enough capital to finish it now. Just build a fence round it to secure it. Because if u leave it unfenced intruders will step in. And continue what brings in capital for you.

T

Waiting for elders to drop advice, i'm also in such situation

Hold on till you know your fate of if they are going to retain you or not. Business is hard to do if you won't be on ground to supervise.

I made same mistake when I was around that your age, rushing to build house. When i eventually needed money to put into my business, I tried to sell the house but no buyer came around... Brother, make research on a business or learn a trade and invest in it... You are still young... Try not to live an extravagant life and manage yourself through the hustling days and you will eventually build yourself a bigger house...

My house is still there and looking for buyer.
Any interested person...

B

Life is 50/50.

You may start a new business with your savings and later crash.

You may start building and not find money to complete it in a long time.

Do what you feel will benefit you...if I had my way, I'll keep the land and invest the money into something profitable. (Land is an asset... sometimes, a building you don't need at the moment is useless).

Abeg, if you get contract job, link me up. I'm into sales of building materials (my personal hustle)...let's help ourselves to grow biko.

CANADA

Building is not easy, run a business first.

Payjuu:
One na asset one na liability

thy are both asset

Land

Build a hotel. That way you have a house and a business, thank me later.