₦airaland Forum

Godx:
Receive your L and rest. You don't know what you are talking about. You brought fake calculation and was attributing 5% return of investment of 1k daily. Aba accountant

🤡🤡🤡 you don't even know the meaning of APR

You should just be quiet and stop exposing your low education and poverty status at this stage

Why would anyone invest $5m at 5% but cannot invest £1k daily at 5% APR (Annual Percentage Rate)?

izzou:
[color=royalblue]At least, I am happy that you can see you goofed.

Well, I don't know any investment that can do so.

The post was a question on which was better, and obviously the 1k is.

My only argument of choosing the 5m is that I can die before 30 years go reach.[/color]

No i didn't goof, I was on point. Take a look at my initial response again.

Godx:
Just 5% interest on 5 million, and you're getting 250k a year and then also still have the 5m

It would take you over 13 years to acrue the 1k a day to hit the baseline of 5 million. But with the 5% annually, the 5 mil would be 9.5 mil by that point.

Ibeme:
🤡🤡🤡 you don't even know the meaning of APR

You should just be quiet and stop exposing your low education and poverty status at this stage

Why would anyone invest $5m at 5% but cannot invest £1k daily at 5% APR (Annual Percentage Rate)?

Show me where you invested your 1k and got 5% return annually? You keep exposing your fake certificate.

Shegzdave:

Bro e no funny then o, imagine say I use my money organise orgies for Brazil e for pay me pass

Iamoyindamola please do u have download link for Gomorrah series ? I read it is also a very nice series packed with action .

I won’t mind the link to all the 5 seasons

BlueRayDick:
Iamoyindamola please do u have download link for Gomorrah series ? I read it is also a very nice series packed with action .

I won’t mind the link to all the 5 seasons

It’s italian, I will drop it tomorrow

lookyzy:
thank you for this post.

You're welcome.

Lmaooooo Kai Nigerians

Ibime:
He used to go out a lot and spend £1k per night, then come home, put his fingers down his throat and vomit everything he ate and drank. He said as a footballer he can't keep such things in his body. His favourite club where he went every week then was Chinawhites. He said £1k was the standard spend on a night out for him. My friend who was his clubbing buddy recounted all these to me, and he and Gallas used to give us their complimentary tickets to Stamford Bridge quite often. Or rather he would give us and collect Gallas own and give us.

My guy that £1k per night no be small coins oh. That's just a small part of the lifestyle. When you factor baddies and other vanities the way the money will vanish you no go understand

Ibime:
Still I can't see where all his money went as his clubbing spend is not that crazy. I think he spent a lot of money on his court case for sleeping with a 15 year old girl. He was lucky he was using football age so the judge looked at him as an 18 year old and the age difference was not that bad so he went Scott free. Still that was his first contract. He still had 2 contracts left to make that money up. I don't know where the rest of his money went except I heard Emmanuel was always coming with different business ideas that kept flopping like music labels etc. His football academy boss Mr Babayaro must have collected as well. Before we knew it, my man has gone bankrupt less than 5 years after retirement.

E get luck gan for that case. Him life for just spoil like Godwin Okpara.

Our players too lie for their age sha. Babayaro wey play Atlanta 96 still dey claim 1978. So he wan tell us now say e be 18 for that tournament

Remember too that them go pay tax inside this money. And person wey dey blow £1k per night clubbing on £10k salary will surely double that as him money increase. Na monopoly money almost if you reason am well

If Ronaldinho, Wes Brown fit rundown then surely Babayaro can. This nigga played in India. Nobody can truly tell how jammed up things can get once you're no longer at peak earning power. Shit is real out there

KingTom:
That was how my cousin Ifeanyi made me spend UN funds on goats, useless goats he said will be reproducing and giving money, another one came again and said pigs and fish. I doled out funds and in the end the madmen came again that it seems he bought 2 male goats as the werey goats have refused to knack themselves, na so money burn for that misadventure finally we swallowed pride and hired some agric consultants then leased the farm to them to salvage what we had left if not by now loan apps for don tire to plaster my face and details for social media

If you wan kill your enemy just introduce am to poultry or fishing business

If he no suffer BP issues or close to stroke na by Grace of God

raumdeuter:
Okocha carry his stinginess with the ball enter money

Na the real I no dey give shishi and I no dey pass ball shishi

E learn from Etim Esin mistake.

A40:
Our players too lie for their age sha. Babayaro wey play Atlanta 96 still dey claim 1978. So he wan tell us now say e be 18 for that tournament

lol. He was "17" in that tournament, yet to turn 18

Baba was 14 when he represented Nigeria at Under 17 World Cup in 1993 and 16 when he started playing for Anderlecht

Allegedly

Mass Com student.

Mass Com don suffer.

raumdeuter:
I saw a question on Twitter

At age 20yrs, 5m at once or $1k per day for the next 30yrs

The question is a bit sleek because 5m is 5m while 1k per day for 30yrs is nearly 11m. That is already a big gap.

If we are to take it at face value though the 1k per day guy can make about 24.5m in a high interest account while the 5m guy will make 21.5m.

If we are talking relatively comparable sums of money though, the lump sum guy should make more money every time.

afrodoc2:
The question is a bit sleek because 5m is 5m while 1k per day for 30yrs is nearly 11m. That is already a big gap.

If we are to take it at face value though the 1k per day guy can make about 24.5m in a high interest account while the 5m guy will make 21.5m.

If we are talking relatively comparable sums of money though, the lump sum guy should make more money every time.

wtf did any of us know about investing money at age of 20?

it is only the likes of warren buffet. even if you actually plan to grow the money rather than blow it, more likely than not you will gte the kingtom treatment - plenty of relatives with no actual business experience but one confam idea that will grow the money

GloriousGbola:
wtf did any of us know about investing money at age of 20?

it is only the likes of warren buffet. even if you actually plan to grow the money rather than blow it, more likely than not you will gte the kingtom treatment - plenty of relatives with no actual business experience but one confam idea that will grow the money

Yes, i was just talking about the calculation aspect all things being equal and assuming both make the decision to put the money in accounts to be yielding money.

What would most likely happen though is that the 20yr old will blow the 5m lump sum one way or the other. It could be through investing in crypto, or playing venture capitalist, or being an international mentor, or being the problem solver of his family, clan, village, and friends.

afrodoc2:
The question is a bit sleek because 5m is 5m while 1k per day for 30yrs is nearly 11m. That is already a big gap.

If we are to take it at face value though the 1k per day guy can make about 24.5m in a high interest account while the 5m guy will make 21.5m.

If we are talking relatively comparable sums of money though, the lump sum guy should make more money every time.

You need to see that 1k today will be less in value than 1k thirty years ago

$1k 30yrs ago can probably pay a mortgage, $1k today probably will only get you a roommate rent

afrodoc2:
The question is a bit sleek because 5m is 5m while 1k per day for 30yrs is nearly 11m. That is already a big gap.

If we are to take it at face value though the 1k per day guy can make about 24.5m in a high interest account while the 5m guy will make 21.5m.

If we are talking relatively comparable sums of money though, the lump sum guy should make more money every time.

If you used the $5m 30yrs ago to buy assets you are probably better off. 30yrs ago. 100k homes were probably grand homes, maybe not too bad homes for 50k

You can get fifty 100k homes with the $5m 30yrs ago. Today you probably get maybe 10 homes with the $5m

raumdeuter:
If you used the $5m 30yrs ago to buy assets you are probably better off. 30yrs ago. 100k homes were probably grand homes, maybe not too bad homes for 50k

You can get fifty 100k homes with the $5m 30yrs ago. Today you probably get maybe 10 homes with the $5m

True. How did they come up with the 1k for 30 years though? Was it arbitrary?

Which side are you leaning towards?

I prefer to get 2.5m now and get the rest in 1k daily instalments over whatever number of years.
That way i can mentor now and still save for a runny day. Eat my sweet cake and have it, so to speak.

afrodoc2:
True. How did they come up with the 1k for 30 years though? Was it arbitrary?

Which side are you leaning towards?

I prefer to get 2.5m now and get the rest in 1k instalments over whatever number of years.
That way i can mentor now and still save for a runny day. Eat my sweet cake and have it, so to speak.

I guess it was arbitrary to show something about compounding

Also the potential setup for a 20yr old athlete who was given his 70yra life earnings in bulk over 4yrs

A savvy wise guy in his 30s might likely take $5m and be better for it vs taking $1k per day. Who knows what $1k per day would be worth in 20yrs time maybe would be worth today's $500, now in 30yrs maybe worth today's $300

So for me, as a 20yr old I will favor $1k a day. I can't imagine handing your 20yr old self $5m without guidance you are just trying to ruin his life

As a man over 35yrs I'll take the $5m

raumdeuter:
I guess it was arbitrary to show something about compounding

Also the potential setup for a 20yr old athlete who was given his 70yra life earnings in bulk over 4yrs

A savvy wise guy in his 30s might likely take $5m and be better for it vs taking $1k per day. Who knows what $1k per day would be worth in 20yrs time maybe would be worth today's $500, now in 30yrs maybe worth today's $300

So for me, as a 20yr old I will favor $1k a day. I can't imagine handing your 20yr old self $5m without guidance you are just trying to ruin his life

As a man over 35yrs I'll take the $5m

Yeah. I agree with your last 2 statements.

A 20yr old who did not make the 5m through his entrepreneurial ability is more than likely to blow it.

A more mature man is more likely to make good use of the lump sum and is also less likely to be around n 30 years to enjoy the full benefits of the daily pay.

izzou:
[color=royalblue]At least, I am happy that you can see you goofed.

Well, I don't know any investment that can do so.

The post was a question on which was better, and obviously the 1k is.

My only argument of choosing the 5m is that I can die before 30 years go reach.[/color]

I just dey look all of them

$1K over 30yrs >> $5m lump sum even factoring inflation (the average U.S inflation rate over the past 30yrs is 3%).

Anyone who understands Time Value of Money, Annuity and Compounding, already knows you can either convert all the $1K daily cashflow to today’s Present Value (e.g: due to Inflation rate, so $1K after 30yrs will be equivalent to $300ish today’s value), or to Future Value (after 30yrs). Then you compare the value to that of the lump sum for a fairer comparison.

It was funny reading God.x tackling Ibem.e despite being on the wrong side of the argument😂. Attached below is the ChatGPT answer to the question (4% inflation rate was used for the calculation though).

https://chatgpt.com/share/6835f870-2d8c-800b-8356-83ae70bb5f40

If Tinubu no finish this country , make I know wetin cause am …. 🚶🚶🚶

Company wey dem incorporate in May 2024 win bid for oil block in December 2024. 😲

Una wey dey support Tinubu, hope the the block dey lap for una side as e dey lap for Tinubu and associates' table o?

Semid4lyfe please unblock my last post 🙏

afrodoc:
Yeah. I agree with your last 2 statements.

A 20yr old who did not make the 5m through his entrepreneurial ability is more than likely to blow it.

A more mature man is more likely to make good use of the lump sum and is also less likely to be around n 30 years to enjoy the full benefits of the daily pay.

maturity may not even have that much to do with it. in this age of memecoins and rug pulls, dash a person 5m and he just may go for the latest crypto fad because he is guarantee to quintuple the money

i had a relative who lost her gratuity to one of those schemes. i basically tuned out when my old man told me the story. too damn painful

A40:
If you wan kill your enemy just introduce am to poultry or fishing business

If he no suffer BP issues or close to stroke na by Grace of God

Wake up in the morning all the fish don kpai or worse, rain fall wash your fish enter gutter or road make e be say God don send fish from heaven to feed the street Poultry for eggs better pass Poultry for meat walahi

NUPRC’s guidelines stipulates bidders have a minimum of 3 years experience in oil & gas operations before they can bid and win a bid for oil blocks. The company also failed the exception threshold because it’s an IT firm; but somehow they won a bid against IOCs like Chevron, Total, etc.

Omo!

Potvalor:
$1K over 30yrs >> $5m lump sum even factoring inflation (the average U.S inflation rate over the past 30yrs is 3%).

Anyone who understands Time Value of Money, Annuity and Compounding, already knows you can either convert all the $1K daily cashflow to today’s Present Value (e.g: due to Inflation rate, so $1K after 30yrs will be worth $300ish today), or to Future Value (after 30yrs). Then you compare the value to that of the lump sum for a fairer comparison.

It was funny reading God.x tackling Ibem.e despite being on the wrong side of the argument😂. Attached below is the ChatGPT answer to the question (4% inflation rate was used for the calculation though).

https://chatgpt.com/share/6835f870-2d8c-800b-8356-83ae70bb5f40

What exactly are you doing? Well if you can't read then I cant help you. 1k daily for 30years will add up to roughly 11million dollars, before you get to that 5million dollars it will take at least 13years. The person with the lump sum who invested it immediately with just a 5% yearly return would be earning 250k yearly on top of his original 5mil. Now add up 250k yearly for the same 30years plus his 5mill and tell me what he has.

A40:
If you wan kill your enemy just introduce am to poultry or fishing business

If he no suffer BP issues or close to stroke na by Grace of God

one of my guys runs a piggery and some years back the pigs contracted some sort of virus. dude had to kill them all and sell at a loss.

if you do not have a nuts and bolts understanding of the business you are getting into, you will get shafted it is actually better to enter as a jjc at ground zero and grow organically. entering as an inexperienced big player you can urn through your money very very fast.

we helped a former colleague build a station. but you CANNOT run a station without being on ground at the start. it just does not work. your staff will RIP you to death. there is no way you can remote manage it until you understand the business.

i met with a bigwig last year. man wanted to do a full upgrade of one of his stations. put in a mega shopping mall. the whole team were saying the mall is the only mall in the area, people will come there. and here i am , who has built multiple stations in the past where we had expected rent reveue that went nowhere. i told the man to have his team crunch the numbers because i did not believe their projections were valid. that was the end of the project. they just did a refurb. the man too had just hammered some serious money and was likely thinking he was on a good investment. money would have been wasted.