₦airaland Forum

HEAVEN4444:
you get a job in naija. Problem solved. I don't see how you can be truly happy for a man who considers you an inferior

HEAVEN4444:
investments don't pay that much. You want to sit down and be waiting for rent from a tenant ? Or be waiting for stock dividend payout ? 😅😅😅😅😅😅😅😅 CASH IS KING 👑

HEAVEN4444:
which is why I am asking the question but you keep ducking. The question is can you save 1 million pounds over a 40 year career in the uk

ednut1:
the major question is why do you need 1m pounds? Only 3k out of 70m people have 1m usd( 800k pounds). Make una dey fear God.

HEAVEN4444:
investments don't pay that much. You want to sit down and be waiting for rent from a tenant ? Or be waiting for stock dividend payout ? 😅😅😅😅😅😅😅😅 CASH IS KING 👑

jesmond3945:
investment is better. It is a hedge against inflation. Cash can be eaten by inflation.

GeneralPula:
Op, for where..

Forget all the lies, for you to see 5,000 pounds save yearly self hard die..

Kenn55:
What if they sold it to buy another abroad? They probably did not sell it cos they are looking for proof of fund or money for survival.

A friend of mine sold his Lekki home a year after japaing to invest in real estate abroad. You can argue whether it makes sense or not but that was his choice.
As our faces are different so also our needs, mentality and what we want to achieve in life differs.For example, I want to live a good life and I don't care about being "rich". If it comes, fine, if not, I'm interested in living a quality life, others may have different interests.

budaatum:
This is just ignorant, and Dangote and Musk would likely disagree with you.

Do you not know you can invest in a factory that produces something you can sell for profit instead of just being a rent seeker?

HEAVEN4444:
you have not heard of people's stocks losing value or house depreciation? Or house catching fire?

jesmond3945:
your stocks is protected by fcsc. However always go for etfs, gold and index fund. They are safer. You should have home insurance in place. House depreciation is not a regular thing. Even if so you can get a bridge loan to refurbish and make it valuable.

HEAVEN4444:
Dividend on stocks plummet all the time. They can only give you what they profit. Home insurance payment of thousands of pounds per year is a loss. So as you can see ? Cash is king . Even dangote will tell you liquid cash is king.

jesmond3945:
your stocks is protected by fcsc. However always go for etfs, gold and index fund. They are safer. You should have home insurance in place. House depreciation is not a regular thing. Even if so you can get a bridge loan to refurbish and make it valuable.

jesmond3945:
i only care about growth of my capital not dividend. How is home insurance a loss? You are talking about an insurance that would replace your home if burnt for how much a year? You bank on dangote? Who is now in the bottom of the billionaires table?

HEAVEN4444:
if I put 1 million dollars in fixed deposit at 10 percent that's 100 thousand pounds coming to me every month without doing anything. Sweetttttttt 😆

Tell me what investments you have that can fetch 100 thousand pounds every month ?

Cash is king bro. You just need to know what you are doing

HEAVEN4444:
What's silly about it ? Stop trying to sound smart because you are not. Yeah white people think the way you are stating but immigrants who plan to retire back home save heavily for as long as they are working. So answer the question and stop trying to sound smart

SocialJustice:
Your question is stupid. Take it like that. Swallow your ignorant pride so you can learn.

Why the hell should I be saving £1m in an economy with credit? 🤣

HEAVEN4444:
the credit is not open to everyone.

SocialJustice:
Credit is open to all UK companies with a feasible business opportunity. Operating as human and doing things in your name exposes you to being denied.

Open a company, seek out an opportunity that can service a loan and probably balloon your income to £10k per month or more. The risk has to be worth it for you too. Even if the whole thing fails, your company declares bankruptcy and that is the end.

But you did not start to fail. Do the right deals and in 5 years not 40 you could be a millionaire. You can see saving is snail speed and a waste of time.

You can also use savings and dollar cost averaging S&P500 ETFs to become a millionaire. It will take like 30 years or so if you save like £500 monthly. Use compound interest calculator with 8% yield annually to get a more accurate answer.

HEAVEN4444:
ramblings and fantasies. Everybody cannot start a business that brings in 10k a month in the UK. So your post is mute and void

HEAVEN4444:
home insurance on a home that is not a principal property but investment properties which may be vacant for many months before you find tenants ? Also laws favor the tenants etc etc.

ednut1:
the average person with pension abroad who goes back to retire home can survive on the basic pensions usually about 800-1200 dollars a month. Where u wan see 1m pounds haba.

My uncle in the uk has two houses paid off. If he sells both i estimate he walks away with 300-350k. He has been in uk since the 80s sha. Wants to retire back home the wife no gree

Gerrard59:
I am curious, why does she refuse to move back? He should be in his late 60s all things being equal.

Subprime means bad credit, not low income. A small subset of our Drunken Sailors has subprime credit scores because they’ve been behind with their payments, have defaulted on their debts and other obligations, etc. But low-income people cannot borrow at all or only very little. It’s the people with higher incomes that have access to lots of credit that get into it over their heads and fall behind. People with good incomes early on in their careers fall into this trap easily, and eventually get out of it again.

Subprime isn’t a permanent condition, but a phase that consumers move into and out of: Some people get into trouble, and fall behind on their payments, and their credit scores drop to subprime, while others are curing their credit problems and are working their way out of a subprime credit rating. It’s in constant flux.

https://wolfstreet.com/2025/02/13/household-debts-debt-to-income-ratio-serious-delinquencies-collections-foreclosures-bankruptcies-our-drunken-sailors-debts-in-q4-2024/

jesmond3945:
your stocks is protected by fcsc. However always go for etfs, gold and index fund. They are safer. You should have home insurance in place. House depreciation is not a regular thing. Even if so you can get a bridge loan to refurbish and make it valuable.