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If You Earn 2.5m Everymonth How Do You Invest? - Business (5) - Nairaland

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Re: If You Earn 2.5m Everymonth How Do You Invest? by DrCee(m): 2:17pm On Jul 09, 2023
Rathoreng:


You should read books like ; Blue Ocean Strategy by W. Chan Kim and The psychology of Money and the Science of Money by Brian Tracy; to know more on where to apply online, when and why, because it’s depends on the field, According to Forbes almost 80 percent of new businesses fail or go bankrupt within two years, it’s because of the above reasons I mentioned. Just now I was reading a thread, on a Silicon Valley company which got a funding of around $400m(400 billion naira) approximately, but lost it all just before the launch of its first product.

E.g the actual owner of WhatsApp was just a dude which was rejected several times by facebook as an intern, but later made WhatsApp and sold it for more than $15bn( worth even more than our Dangote) at that time, so internet works bro 📈💯
So it’s all about getting the right people in the right place for the right reasons at the right time.

Bro..u dey read too much of America Authors.

If you have bootstrapped a business in Nigeria, you will understand that America economy and Nigeria economy dont work on same parameters.

Principles on those books works, but it need serious adaptation to apply it here and get similar results.

Op is asking for a practical answer, not untested Principles.
Sorry if my reply is too harsh!

8 Likes 1 Share

Re: If You Earn 2.5m Everymonth How Do You Invest? by Nobody: 2:19pm On Jul 09, 2023
Kobicove:


That business is already saturated

Lol,so because there are alot of Keke drivers in Lagos,means if you buy your own and wants to drive means you won't see passengers.

Do you know what water business is?

People make millions from this business every month,if you know the business very well.
Good management is everything.

The only thing is that you need alot of capital to go onto it,that's why you haven't seen people building factories everywhere.

1 Like

Re: If You Earn 2.5m Everymonth How Do You Invest? by Nobody: 2:20pm On Jul 09, 2023
KingintheNorth:


I have actually thought about this, can u break down the Start up capital?

Chat me on Whatsapp sir,08089972896 Engineer AYODELE.
Re: If You Earn 2.5m Everymonth How Do You Invest? by Wkaay(m): 2:21pm On Jul 09, 2023
Register on GPEC and upgrade to VIP 6 with 2.7m. You will earn 180k monthly for a year. See my signature for more

1 Like

Re: If You Earn 2.5m Everymonth How Do You Invest? by Hamachi(f): 2:24pm On Jul 09, 2023
Purvan:



It's

Location matters
it's not selling as it use to sell.
Drinks have doubled in price so has fuel people would rather stay at home. I was at a club at surulere, a club that's well known to be bubling is a shadow if it old self.

1 Like

Re: If You Earn 2.5m Everymonth How Do You Invest? by Hamachi(f): 2:24pm On Jul 09, 2023
engineerabj:


Chat me on Whatsapp sir,08089972896 Engineer AYODELE.
Oga share it here! Why should he DM you?
Re: If You Earn 2.5m Everymonth How Do You Invest? by KingintheNorth(m): 2:26pm On Jul 09, 2023
Wkaay:
Register on GPEC and upgrade to VIP 6 with 2.7m. You will earn 180k monthly for a year. See my signature for more


It doesn't even add up to the capital

1 Like

Re: If You Earn 2.5m Everymonth How Do You Invest? by IbeOkehie: 2:26pm On Jul 09, 2023
yusufmurry:


Okay. But please you are only leasing out your equipment or tool to companies (it could be indigenous ) that have been awarded the contracts.

Yes. Most of those companies are in some way beholden to NNPC or DPR as JV partner or something. Nigeria is a Communist country, understand that and everything becomes clear.

When you're a partner and operating a business, you may have to submit records of expenses for reimbursement. These companies reported their costs to NNPC or whoever for reimbursement. Use your imagination, I will say no more. That's how they made good profits...or maybe inordinate profits smiley

Like I said your idea is reasonable. I operated in the mining and heavy equipment industry when I moved back to Nigeria. I learned enough about Nigeria to know it's a Zoo. I wish nothing but the best for Nigeria but THE PEOPLE have been so beaten down by POVERTY and the resulting DESPERATION makes it hard for them to think properly.

DrCee:

If you have bootstrapped a business in Nigeria, you will understand that America economy and Nigeria economy dont work on same parameters.

Principles on those books works, but it need serious adaptation to apply it here and get similar results.

Op is asking for a practical answer, not untested Principles.
Sorry if my reply is too harsh!

Nothing harsh in your reply. It's your opinion.

My opinion is that EVERY economy in every nation operates on the same principles that determine success or failure.

Government flouting of economic principles MAY be profitable for some INDIVIDUALS but will definitely lead to GENERAL economic depression. The Nigerian experience with fuel subsidy is a good example.

Happy Sunday to you.

3 Likes 1 Share

Re: If You Earn 2.5m Everymonth How Do You Invest? by highchief1: 2:27pm On Jul 09, 2023
ednut1:
Hostels near school environment
most useless business.

1 Like

Re: If You Earn 2.5m Everymonth How Do You Invest? by highchief1: 2:30pm On Jul 09, 2023
mrvitalis:

With 30 million per year? Lmaooo

3 years can't even buy a good land in a good location
I told someone in an earlier thread that it’s when u start some projects u will know 2m monthly is no big money.Land alone in a nice area isn’t anythg less than 20m these days.

2 Likes

Re: If You Earn 2.5m Everymonth How Do You Invest? by obaidan: 2:30pm On Jul 09, 2023
KingintheNorth:
Guys I'm asking for a friend , if you are based abroad and earn 2.5 million naira after tax, what would you invest in Nigeria??
What to invest in would depend on your end goal...is your goal to be wealthy or to be rich or to be very very comfortable .... do you want to vacay with ur family on yacht, do u just want to go watch UCL finals with ur children or you want to hold season ticket for ur family it depends on the goal.....however you may start with some form of real estate with proper counsel though....however if you have the drive and business energy, there's still so much money to be made from Nigerians....use tech to provide a solution....

1 Like 1 Share

Re: If You Earn 2.5m Everymonth How Do You Invest? by Generalgoshen: 2:32pm On Jul 09, 2023
newdawnlive:
let him partner with me to create and develop a token and give it full marketing, I bet u he will retire within the next 6 months
drop your number
Let discuss more on this
Re: If You Earn 2.5m Everymonth How Do You Invest? by obaidan: 2:34pm On Jul 09, 2023
Hamachi:
Oga share it here! Why should he DM you?
Na criminal na...na so dem dey move....he go drag the guy go corner go dey finger im brain..the next thing that one will open thread looking for him

6 Likes 1 Share

Re: If You Earn 2.5m Everymonth How Do You Invest? by Blossom12: 2:35pm On Jul 09, 2023
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Re: If You Earn 2.5m Everymonth How Do You Invest? by Heineken(m): 2:36pm On Jul 09, 2023
obaidan:

Na criminal na...na so dem dey move....he go drag the guy go corner go dey finger im brain..the next thing that one will open thread looking for him
hahahhah I tell you

3 Likes 2 Shares

Re: If You Earn 2.5m Everymonth How Do You Invest? by Leebeedo(m): 2:36pm On Jul 09, 2023
I know someone that makes N12,000,000.00 monthly and would like to invest. He initially wanted to go into large-scale Catfish farming but was discouraged.
Re: If You Earn 2.5m Everymonth How Do You Invest? by obaidan: 2:39pm On Jul 09, 2023
Throwback:


You don't need to be based abroad to earn same in Nigeria.

For the enquiry, I would advise investments in transportation and agriculture.

Looooool @ Transportation..... a very big loool..even if u dey sit inside d car with ur driver 7 days a week, 24 hrs a day, 60 minutes an hour, 60 seconds a minute, 1000 milliseconds a second, somehow it will still end In premium tears

5 Likes 1 Share

Re: If You Earn 2.5m Everymonth How Do You Invest? by SPAMBOX7: 2:40pm On Jul 09, 2023
KingintheNorth:
Guys I'm asking for a friend , if you are based abroad and earn 2.5 million naira after tax, what would you invest in Nigeria??
Tell your friend to message me. He won’t even need to be here.
Na make he get person wey go deh monitor and report to him that’s all.
Re: If You Earn 2.5m Everymonth How Do You Invest? by Gerrard59(m): 2:40pm On Jul 09, 2023
ednut1:
how many times does ASUU strike. Usually for short periods. As Tinubu don remove subsidy from education and introduced student loans there will be no more ASUU strikes na. Schools are now responsible for their own funding.

Then I missed out on the latest creation of new universities.

I cut my losses.
Re: If You Earn 2.5m Everymonth How Do You Invest? by henrimoto(m): 2:43pm On Jul 09, 2023
Rathoreng:


You should read books like ; Blue Ocean Strategy by W. Chan Kim and The psychology of Money and the Science of Money by Brian Tracy; to know more on where to apply online, when and why, because it’s depends on the field, According to Forbes almost 80 percent of new businesses fail or go bankrupt within two years, it’s because of the above reasons I mentioned.

Just now I was reading a thread, on a Silicon Valley company which got a funding of around $400m(400 billion naira) approximately, but lost it all just before the launch of its first product.

E.g the actual owner of WhatsApp was just a dude which was rejected several times by facebook as an intern, but later made WhatsApp and sold it for more than $15bn( worth even more than our Dangote) at that time, so internet works bro 📈💯
So it’s all about getting the right people in the right place for the right reasons at the right time.
....can you please direct me to the above thread
Re: If You Earn 2.5m Everymonth How Do You Invest? by IbeOkehie: 2:45pm On Jul 09, 2023
highchief1:
most useless business.

So you KNOW... grin....very useless indeed.

Cheers.
Re: If You Earn 2.5m Everymonth How Do You Invest? by Ajibbbbbb: 2:45pm On Jul 09, 2023
KingintheNorth:
Guys I'm asking for a friend , if you are based abroad and earn 2.5 million naira after tax, what would you invest in Nigeria??
glve me a job or #50k to repalr my system, or make me your manager.
l have a lot of dem for you slr, money ls my lssue
Re: If You Earn 2.5m Everymonth How Do You Invest? by mrvitalis(m): 2:47pm On Jul 09, 2023
highchief1:
I told someone in an earlier thread that it’s when u start some projects u will know 2m monthly is no big money.Land alone in a nice area isn’t anythg less than 20m these days.
20 million definitely not Abuja, Lagos or anywhere in South East

Port Harcourt yes if u are lucky

20 million today is not 20 million 10 years ago... 10 years ago it was 4 million

2 Likes

Re: If You Earn 2.5m Everymonth How Do You Invest? by LEGHEND(m): 2:48pm On Jul 09, 2023
KingintheNorth:
Guys I'm asking for a friend , if you are based abroad and earn 2.5 million naira after tax, what would you invest in Nigeria??

Come to abuja and open a mad restaurant...abuja no get better restaurant....especially this kubwa area....you will make millions...DM ME...08166669889..for more updates
Re: If You Earn 2.5m Everymonth How Do You Invest? by doneback04: 2:52pm On Jul 09, 2023
You invest via sporting bet grin
Re: If You Earn 2.5m Everymonth How Do You Invest? by DaddyGngeess(m): 2:57pm On Jul 09, 2023
You are talking about monthly salary of 2.5m not the total capital saved for business, so you have to save more money b4 going into any business in Nigeria, opening a business in Nigeria without ones present to monitor it forget it abeg
Re: If You Earn 2.5m Everymonth How Do You Invest? by Baolak(m): 3:00pm On Jul 09, 2023
KingintheNorth:
Guys I'm asking for a friend , if you are based abroad and earn 2.5 million naira after tax, what would you invest in Nigeria??
You can invest in Edible and Medicinal mushroom production business, its very lucrative with foreign export prospects.
Re: If You Earn 2.5m Everymonth How Do You Invest? by bukatyne(f): 3:01pm On Jul 09, 2023
KingintheNorth:
Guys I'm asking for a friend , if you are based abroad and earn 2.5 million naira after tax, what would you invest in Nigeria??

Why do you guys living abroad convert your earnings into Naira when you spend Dollars/ Pounds or Euros?

How much is your disposable income in your currency after all your expenses? Then you can convert to Naira in the current rate to know how much you can invest in Nigeria.

Besides, why do you want to invest in Naira when everyone who can gather small change is investing outside the country?

Except you want to invest here for someone/people to manage & own in Nigeria, your funds would keep depreciating.

2 Likes 1 Share

Re: If You Earn 2.5m Everymonth How Do You Invest? by Tinyemeka(m): 3:06pm On Jul 09, 2023
IbeOkehie:


Invest nothing into Nigeria UNTIL the naira is completely floated and the Land Use Act is repealed to grant property rights to the people. That’s a minimum and it's not a drastic requirement.

There's more secure places to invest and get better returns with less worries.

A word is good enough for reasonable persons. Look at the level of FDI into Nigeria and take your cues.

In fact it's advisable for Nigerians to continuously convert their holdings to dollars and pounds sterling and move it beyond the reach of Nigerian government. All your top government officials and politicians do exactly that so why would you do otherwise...they know what's going on.

Good Luck to Nigeria.




Hi.

Like where?
Re: If You Earn 2.5m Everymonth How Do You Invest? by Ilerioluwa02: 3:08pm On Jul 09, 2023
Don't try it. The naira devaluation will ruin your investment! Talking from experience sad

3 Likes 1 Share

Re: If You Earn 2.5m Everymonth How Do You Invest? by bukatyne(f): 3:10pm On Jul 09, 2023
Acidosis:



How do you earn Naira abroad?

I tire o!

1 Like

Re: If You Earn 2.5m Everymonth How Do You Invest? by mapist(m): 3:11pm On Jul 09, 2023
KingintheNorth:
Guys I'm asking for a friend , if you are based abroad and earn 2.5 million naira after tax, what would you invest in Nigeria??

DEFINITELY! Build me a house FIRST....because of the flexibility and stability it comes with.

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