₦airaland Forum

Richnero99:
should I pm you for links?

essentialone1:
I have been reading this thread, but I am yet to see anyone mention the 2 most important things I always love to hear and read on this and similar subject matters. It is never just enough to say I am now making money. You have to have a personal Annual Statement of Financial Position. You don't need to be an accountant to do that. It's simple but you have to be intentional about it.

1. You need to always know how much you are now worth in dollar terms. You don't need to exchange your physical naira to dollars for you to know that. Just calculate It online. It is very important so you know if you are actually growing financially or just moving in a circle. For example if by last year, you had 750,000 naira as your Available cash by 19th December 2023, by today 19th December 2024, you may now have 1.2million naira as your available cash. Some people here will think they have grown financially, but in real terms, you have actually become poorer. If this is not clear to you, you need a lot of learning to do in Financial Management.

2. Having taken care of number 1, next is to find out your increase or decrease in terms of percentage based on the same dollar rate. Using same example in number 1. The person who had 750,000 naira last year could be said to be worth 1,000 US Dollars. But by this year, even with his or her 1.2million naira, the person is now worth about 772 US Dollars. If I am the person, I will clearly know that this year 2024, I had a 22.80% decrease in my financial position. It will keep me on my toes, and make my head go restless on what and what to do to improve. But if unfortunately such a person is celebrating that he or she has made more money this year, I can only just shake my head.

I know several persons will say I am speaking trash, and that this is an unsolicited advice, but I always like to put these 2 points out, so that you keep track, and so that you do not end up celebrating poverty, thinking that you have become richer.

Akpatan:
Meerahbel- The reason broke people are broke is because they are their ONLY producing asset.

The reason rich people are rich is because they ACCUMULATE income producing assets.

Happy Holidays!

Bring this down to a lay man understanding.. I no go school.. mbok!

seetomorrow:
Please I am interested and how does 4,5, and 6 works?
Waiting

seetomorrow:
Please I am interested and how does 4,5, and 6 works?
Waiting

Ouchbabe:
I'm so happy for you sweetie. Reading your post as a female gives me joy.
You are a motivation to other women.
Greater you I pray 👍

ufdfashion:
Great.
Bro can you pls share with me sure reit brokers locally and internationally.

Meerahbel:
Thank you for your this question.

Risk=Rich
Fear is what is holding many people from reaching the peak.

You can save by either living below your means. However savings CANNOT make you rich.

Let assume you just got a job, you can squat with friends or stay with parents and when you want to get your own apartment go for a single room not a self contained or if you lucky the jobs gives you accommodation (you are to left with only the expanse to feed yourself) With 60k, save 20% that's N20,000 a year would give you 240,000, that's if accommodation is provided but if no accommodation is unavailable you can do 5-10k per month, you can decide to buy a plot of land or invest in crypto, stocks market most especially foreign stocks (because earning in naira is no longer profitable), Treasury bill, or FG savings bonds (5000 to start by the way and you get interest quarterly) Your return can be used to pay monthly bill in the case of FG savings bonds school fees though or professional qualifications exams.

Invest FIRST, then SPEND the rest.

Everything is all about planing, the day you start taking actions and stop complaining or giving excuses you would see the difference.

Another cheat code to wealth is in Real Estate.
For instance, a land I bought for 800,000 in 2015, today that land is worth more than 15 million naira, you can decide to sell and go but an acre some other place. When you buy the acre, you self a plot or two and go to another place buy an acre and RINSE & REPEAT.

I am invested in the following;
1. Crypto
2. Stocks market (both local and foreign) I use trove for foreign stocks, if you interested use the link on my profile to get started we both get free shares.
3. Real Estate
4. Nigerian Treasury Bills
5. FG savings bond
6. REITs (silent money spinner)
7. Remote jobs - By next year I will no longer do 9-5 anymore, I done with onsite jobs
8. My Spa business

No rich person depends on one source of income.

I hope this helps.

kmaster007:
How can someone invest in real estate

OBTMOS:
I’m interested please

socialjustice93:
The real deal now is DePins and Testnets, but most people are either lazy or don't have a laptop

Veenbanks:
Synthetic trading. I bless the day for venturing into this industry.

ecomalchemistt:
Gadgets and accessories business.

Daily income business printing cash daily, if you have funds and import directly , the better.

I have 5000 pcs of BASEUS powerbanks , laptop powerbanks for wholesale and retail....if you are interested in becoming a wholesaler / dropshipper or retailer, reach out.

checkout BASEUS powerbanks business here > > > > > > > > https://www.nairaland.com/8163865/baseus-30000mah-15-20w-available

BAVIN Laptop powerbanks Dey move market too > > > > > https://www.nairaland.com/8293123/bavin-laptop-powerbank-08148578730#133352107


Quick screenshot of my Konga store shows how much you can make from powerbanks alone if you are well positioned.

That’s a business that can fetch you 20k daily without doing much.

Meerahbel:
Buy ARADEL if you have money on NGX.If you're looking for companies that offer Real Estate Investment Trust (REIT) services in Nigeria, here are some top options:

- UPDC Real Estate Investment Trust (REIT): A close-ended real estate fund listed on the Nigerian Exchange Limited (NGX) and regulated by the Securities and Exchange Commission (SEC). They offer a diversified portfolio of real estate assets in Lagos

- Union Homes REITs is listed on NASD

These companies provide various options for investing in real estate in Nigeria, offering benefits like stable cash distributions, rental income, and potential long-term capital appreciation.

Meerahbel:
Good morning, I cannot drop my number here, you can leave your email address.

socialjustice93:
The real deal now is DePins and Testnets, but most people are either lazy or don't have a laptop

Meerahbel:
Real Estate Investment Trusts (REITs) in Nigeria offer a unique opportunity for individuals to invest in real estate without directly managing properties. REITs allow people to buy and sell shares in companies that own or finance real estate properties, providing a way to diversify investment portfolios and earn rental income without the hands-on work of being a landlord

Types of REITs in Nigeria:

- Equity REITs: Invest in and own properties, generating income from rents and property sales.
- Mortgage REITs: Invest in and own property mortgages, generating income from interest on the mortgages.
- Hybrid REITs: Combine elements of equity and mortgage REITs, investing in both properties and mortgages .

*Benefits of REITs in Nigeria:

- Liquidity: REIT shares can be easily bought and sold on the Nigerian Stock Exchange.
- Diversification: REITs provide a way to invest in real estate without directly managing properties.
- Stable Income: REITs can provide a regular stream of income through dividend payments.

Challenges Facing REITs in Nigeria:

- Lack of Public Awareness: Many Nigerians are not familiar with REITs and their benefits.
- Difficulties in Processing Land Titles: The process of obtaining land titles in Nigeria can be slow and cumbersome.
- Limited Regulatory Framework: The regulatory framework for REITs in Nigeria is still evolving and may not provide sufficient guidance or support.

Despite these challenges, REITs in Nigeria have the potential to provide attractive investment opportunities and contribute to the growth of the country's real estate sector.

socialjustice93:
Lol I don off am. Abeg teach me stock I'm eager to learn. Discord, telegram any link to join?

egunna:
how can I talk to you privately pls?

africanman85:
Can u teach me remote job ?

medolab90:
Only you


You must be close to being a billionaire

LordBiden:
My biggest source of income has been importing fairly used items from top USA online markets to sell in Nigeria.

I import stuffs like mobile phones to sell here in Nigeria,I get these products very cheap from sites like ebay,offerup,Facebook market place.

Its a business I have been doing for years now,and there are legit agents that help with everything from payment,shipping and delivery to Nigeria.

This imported phones are then sold here in Nigeria using different classified online markets or offline to make huge profits.

Damilola0147:
This may sound weird but my biggest source has been sport betting . Have made couple of millions this year already.

DJInfluence:
you want to have a story that touches the heart?

TheChameleon:
1. BMC duties from Buhari days 30%
2. Gigolo duties 69%

AmalaAtiEwedu:
na so coppers wey d serve for that state d enjoy?
193 Kpa just like that in total

lekanation:
Haulage business 10 tyres tipper precisely

OgwuEgo:
Working as my friends site manager.

Tunjoel:
What do you mean by business lending

Fapemz:
I have been providing power solution to many clients most of which are remote workers and crypto boss across the country. From home inverter to laptop powerbank and phone powerbank. They get value for money and i get paid for my hardwork and dedication i put into it

AngelSlay:
How?