₦airaland Forum

My Life Before the Inheritance
After completing my university education, I landed two remote jobs that allowed me to work from the comfort of my rented apartment. My wife (a business woman) and I were blessed with two beautiful kids, and we were managing our finances carefully, living off my combined income of ₦300,000 per month.

The Unexpected Inheritance
Life took a dramatic turn when my father passed away, leaving behind a significant inheritance. He had sold a plot of land, which yielded over ₦12 million. Additionally, he left us with a 4-flat property that generates ₦500,000 per annum in rental income, plus some shares whose value I'm still determining.

Weighing our options
With this newfound wealth, we are faced with several options:

1. Leave the country: We could use the inheritance to relocate to a country with better economic prospects, providing a brighter future for my family.
2. Invest in a business: We could invest in a business venture, potentially generating passive income and creating jobs for others.
3. Invest in shares: We could diversify the portfolio by investing in foreign stocks, NGX (Nigerian Stock Exchange), or other investment platforms.
4. Invest in crypto: Cryptocurrency is another investment option, but it's highly volatile and requires careful consideration.
5. Invest in MMF (Money Market Funds): A low-risk investment option that provides liquidity and returns.
6. Invest in FG Savings Bonds or T-Bills: Government-backed securities that offer relatively low-risk investment opportunities.
7. Land banking: I could use part of the inheritance to buy an acre of land, holding it for future sale.

What do you advice is the best way or better way to do with this money?

muyico:
What will be Ur siblings fate, when u spend d whole 12m?

muyico:
Estate management is best place to invent on, bcus house and lands keep value everyday! My former landlord increase rent thrice per yr

We4all:
His father literally gave the only son everything and left the girls out. If he were still alive and was in need, he will remember that he has female kids. Stupid African mentality!

eniolorunfe:
I wonder ooo 😂🤣

It seems he forgot the “inheritance” is to be shared among 6 of them.

odaniel1:
Money wey go finish quick. Just go play 2 odds, that one say use 2m 4 vacation. If you pay one-wqy ticket how much remain? Una don smoke goof

Pojomojo:
English comprehension is your problem, did you read the weighing option, it reads, "weighing our options, we Are faced with several options" meaning they have agreed but the options stated is what six of them are faced

Meerahbel:
From DM

muyico:
Estate management is best place to invent on, bcus house and lands keep value everyday! My former landlord increase rent thrice per yr

leomarz007:
This is the very best option and setup 3 different businesses. You're good to go in the current nigeria.

IyaTola:
E dey sweet to talk for mouth! Na when you start you go know how far! Do you know how many businesses have closed shop in Nigeria?

Pojomojo:
Gambler spotted.

Meerahbel:
From DM

id4sho:
Try Australian PR

TornApart:
Whatever you do try to buy suya like 20k (tozo specifically) and holandia yoghurt big size. Enjoy part of it. Someday you may live it too same way popsy did.

One elderly woman I was buying groceries from once told me:

"It's the food that birds eat, they fly away with."

it's just a metaphorical expression that conveys the idea that the only things we truly take with us in life are the experiences, memories, and joys we've had (the "food" we've eaten). Everything else, material possessions and all, are left behind.



#unpopular opinion

id4sho:
Try Australian PR

TornApart:
Whatever you do try to buy suya like 20k (tozo specifically) and holandia yoghurt big size. Enjoy part of it. Someday you may live it too same way popsy did.

One elderly woman I was buying groceries from once told me:

"It's the food that birds eat, they fly away with."

it's just a metaphorical expression that conveys the idea that the only things we truly take with us in life are the experiences, memories, and joys we've had (the "food" we've eaten). Everything else, material possessions and all, are left behind.



#unpopular opinion

leomarz007:
This is the very best option and setup 3 different businesses. You're good to go in the current nigeria.

Rubyjade:
Japa straight!