What Will You Do If Someone Gives You 500k? - Business (8)

What Will You Do If Someone Gives You 500k? - Business (8) - Nairaland

Nairaland Forum › Nairaland General › Business › What Will You Do If Someone Gives You 500k? (12350 Views)

Poll: What Would You Do?

start a business 21% (79 votes)

invest 51% (188 votes)

flex small first 25% (92 votes)

travel 2% (9 votes)

This poll has ended

1 2 3 ... 5 6 7 8 9 10 Reply (Go Down)

Re: What Will You Do If Someone Gives You 500k? by Redman44(m): 1:36pm On May 17

Prophit:
You mean to buy or to lease

To buy the land. I know what I am saying. Do your investigations and research. Thanks.

1 Like 1 Share

Re: What Will You Do If Someone Gives You 500k? by Mariangeles(f): 2:33pm On May 17

geoworldedu:
Those businesses are not sustainable. KAI and agbero go use them shine no be small.

You keep making excuses.
No be people dey survive agbero?

So, if you had nothing, and N500k was given to you, it wouldn't be enough to start something?

Re: What Will You Do If Someone Gives You 500k? by geoworldedu: 2:58pm On May 17

Mariangeles:
You keep making excuses.
No be people dey survive agbero?

So, if you had nothing, and N500k was given to you, it wouldn't be enough to start something?

It's not enough to start something sustainable. I've been there, I've done that.

Re: What Will You Do If Someone Gives You 500k? by geoworldedu: 3:00pm On May 17

Mariangeles:
You keep making excuses.
No be people dey survive agbero?

So, if you had nothing, and N500k was given to you, it wouldn't be enough to start something?

The stat tells the story. People who said invest are very correct. You can't start a business with 500k. I earn like double of that money monthly, it can't do shiit.

Re: What Will You Do If Someone Gives You 500k? by Mariangeles(f): 3:09pm On May 17

geoworldedu:
The stat tells the story. People who said invest are very correct. You can't start a business with 500k. I earn like double of that money monthly, it can't do shiit.

Tsk!
Most Nigerians are not just business oriented.

How can you tell me one cannot start a business with N500k? 🗣️🎶 Shey you dey whine me niiiiii? 🎶🎵

Do you know how many tubers of yam that amount could buy you from mile 12 market? That is, assuming you decided to start raw yam business...

Let's not even talk about the other ideas I have going on in my head.

1 Like

Re: What Will You Do If Someone Gives You 500k? by geoworldedu: 3:12pm On May 17

Mariangeles:
Tsk!
Most Nigerians are not just business oriented.

How can you tell me one cannot start a business with N500k? 🗣️🎶 Shey you dey whine me niiiiii? 🎶🎵

Do you know how many tubers of yam that amount could buy you from mile 12 market? That is, assuming you decided to start raw yam business...

Let's not even talk about the other ideas I have going on in my head.

Tubers of yam to place by the roadside directly under the ultraviolet rays of the sun, only for Kai and omo onile to come and pack your goods away? Think pls, think. It's because you've not earned that much, that's why you think it's a big money to start a business. The highest you can do with it is to invest it in a sure business. You'll understand when you get there undecided

Re: What Will You Do If Someone Gives You 500k? by Mariangeles(f): 3:17pm On May 17

geoworldedu:
Tubers of yam to place by the roadside directly under the ultraviolet rays of the sun, only for Kai and omo onile to come and pack your goods away? Think pls, think. It's because you've not earned that much, that's why you think it's a big money to start a business. The highest you can do with it is to invest it in a sure business. You'll understand when you get there

You just proved why I don't pity most Nigerians when they complain.

They don't really want to work hard.
They just want the "soft life" on a platter.

Plus, most of them can form, ehn!? grin

1 Like

Re: What Will You Do If Someone Gives You 500k? by geoworldedu: 3:19pm On May 17

Mariangeles:
You just proved why I don't pity most Nigerians when they complain.

They don't really want to work hard.
They just want the "soft life" on a platter.

Plus, most of them can form, ehn!?

Investing is working smart, if you don't know. 500k right now is not enough to start a business and I will say it anywhere, anytime.

Re: What Will You Do If Someone Gives You 500k? by LoveIsKind: 3:55pm On May 17

Obogidi:
If someone give you 500k now , what will you do?

A.start a business
B.invest
C.flex small first
D.travel.

B. INVEST

I will invest it buying a Laptop for myself.

I need a laptop to learn some Tech Skills and start applying for Remote jobs abroad that pays in dollars.

Re: What Will You Do If Someone Gives You 500k? by MemoriesAndMe: 4:24pm On May 17

Wotowotoman:
If you have known her and her hubby for over 25 years, the child must be in his 20s. Make he go hustle na. How old were Rema and Wizkid when they started providing for their families? They were teenagers

As for me, I nor dey help anybody again. Make all man fend for himself. A friend asked me to lend him a huge sum of money that he desperately needed and promised to pay back in a month. Three months passed and he lock up like say nothing happened. I then started reminding him say how far na. Do you know the guy said I was disturbing him and then blocked me. It’s been over a year now and he still hasn’t unblocked me and I still never see my money

After that experience, I say I will never help anybody again. Even if their pikin dey die. Na dem sabi

Thats how crazy some people are. Its just my nature to assist when I'm able to but some people take you as a fool for helping them.

Something similar to what you just said happened to me too.

A dude I met at a bar in Lagos just one time did some crazy stuff like that. He was a bouncer at the bar and asked for my number, I gave it to him and problems started from him just getting my number.

He started calling me, billing me initially with small demands like N10k, N20k etc. i was sending it to him. Suddenly he called and said he lost his bouncer job and was hoping he could work for me. I dont have any business in Nigeria, I'm based in the US, so I dont need a bouncer for anything. He said his wife was pregnant with their third childand he desperately needs income.

I understood his situation because Im a father too. I asked what he wanted me to do. He said he would appreciate it if I can help his wife start her clothing business again with N300k. That she sells clothes online from Lagos. I sent him the N300k. He thanked me and came back a couple of months later to beg for additional N200k for his wife to rent a shop with. I sent it to him.

Before i knew it, he came back telling me his wife is proud now and talks to him anyhow she likes because shes the only one making money and hes not making anything that I should help him start his business with N1m. I told him I couldnt just give him N1m just like that, that if I send him N1m I want him to pay back N800k, that N200k is my gift to him. He agreed he will pay N50k back per month to my wife's account till the N800k is paid off.

Back then, my wife was still in Nigeria, i was working on bringing her to the US to be with me. Dude only paid her N50k twice and locked up. I started calling him to ask for the rest of my money, in return he had his police friends calling my wife to come to the police station because this dude reported that me and her were harassing him over money he owes us. Imagine. Getting money from us was easy, paying back is harassment to him.

My brother ended up going to the station and had to sign an a document stating we will no longer borrher him because my wife had already joined me in the US.

I added up all the funds the dude had taken from me for himself and his wife. Around N2.2m in total. I only asked him to pay back N800k, he paid only N100k back and decided to involve police claiming me and my wife were harassing him.

Imagine owing someone and still calling police on the person you owe. I simply blocked him and im now very meticulous about people asking for help. So many of them are simply fraudsters that dont deserve any help at all.

2 Likes

Re: What Will You Do If Someone Gives You 500k? by blowjohn(m): 4:44pm On May 17

Obogidi:
If someone give you 500k now , what will you do?

A.start a business
B.invest
C.flex small first
D.travel.

I will ask the person why he cannot make it 5 million.

Sometimes u can get into more financial troubles with small money than with big money.

1 Like

Re: What Will You Do If Someone Gives You 500k? by FromZeroToHero(m): 4:49pm On May 17

Ndidi2:
buy ndif
It pays dividends every 3 months..

Nobody is willing to sale NDIF. it has many bids with zero offers.

Re: What Will You Do If Someone Gives You 500k? by ezebunafo(m): 5:25pm On May 17

It maybe 500k dollars since the currency wasn't mentioned

Obogidi:
for ur dream on top 500k.

Re: What Will You Do If Someone Gives You 500k? by IvyGRush: 5:52pm On May 17

Obogidi:
can 500k real start a business for dis tinubu regime?

Yes, with a very Good ROI if you Mange it yourself.

It's not Magic nor rocket science.

Re: What Will You Do If Someone Gives You 500k? by kushme: 6:20pm On May 17

hayjayman:
370$

Bros, why you dey reason am? Most of us never hold that kind money for a very long time.. Regression.

Re: What Will You Do If Someone Gives You 500k? by deavicky(m): 7:34pm On May 17

ariesbull:
Intelligent people do business before pleasure while you do pleasure before business

the other way round u have to relax before u think.

Re: What Will You Do If Someone Gives You 500k? by deavicky(m): 7:54pm On May 17

coputa:
Your level of comprehension is abismally low.

Mr/Mrs High IQ I see you. I’m sure u don’t even what that means.

Re: What Will You Do If Someone Gives You 500k? by coputa(m): 8:18pm On May 17

deavicky:
Mr/Mrs High IQ I see you. I’m sure u don’t even what that means.

IQ means intelligent quotient,this was the reason you are still stagnant.

Re: What Will You Do If Someone Gives You 500k? by Ndidiamaka025(f): 11:08pm On May 17

I am going to clear my debt and never borrow again

Re: What Will You Do If Someone Gives You 500k? by deavicky(m): 12:19am On May 18

coputa:
IQ means intelligent quotient,this was the reason you are still stagnant.

stagnant!!! I’m probably richer than half of your immediate family put together. Why are u so pained?.

Re: What Will You Do If Someone Gives You 500k? by RadianceRR: 1:03am On May 18

tanigororo:
I'll pay my house rent for 5 years,
I'll buy one GLE 450 series,
I'll Marry 2 more wives,
I'll start 2 companies and employ 50 people,
Then I will invest the rest for future growth.
Does it make sense?

In year 1936?

Re: What Will You Do If Someone Gives You 500k? by Ifexibe(m): 12:00pm On May 18

Robnectar:
hwfar

Sup?

Re: What Will You Do If Someone Gives You 500k? by Ifexibe(m): 12:01pm On May 18

FromZeroToHero:
When is the IPO coming up

https://learn.investbamboo.com/dangote-refinery-ipo-what-it-is-how-it-works-and-how-to-invest/

Re: What Will You Do If Someone Gives You 500k? by Ndidi2: 12:19pm On May 18

FromZeroToHero:
Nobody is willing to sale NDIF. it has many bids with zero offers.

buy cnif

Re: What Will You Do If Someone Gives You 500k? by Robnectar(m): 8:44pm On May 18

Ifexibe:
Sup?

concerning what i quoted u for,.. can we talk abt this privately plz huh

Re: What Will You Do If Someone Gives You 500k? by kushme: 8:48pm On May 18

MemoriesAndMe:
Thats how crazy some people are. Its just my nature to assist when I'm able to but some people take you as a fool for helping them.

Something similar to what you just said happened to me too.

A dude I met at a bar in Lagos just one time did some crazy stuff like that. He was a bouncer at the bar and asked for my number, I gave it to him and problems started from him just getting my number.

He started calling me, billing me initially with small demands like N10k, N20k etc. i was sending it to him. Suddenly he called and said he lost his bouncer job and was hoping he could work for me. I dont have any business in Nigeria, I'm based in the US, so I dont need a bouncer for anything. He said his wife was pregnant with their third childand he desperately needs income.

I understood his situation because Im a father too. I asked what he wanted me to do. He said he would appreciate it if I can help his wife start her clothing business again with N300k. That she sells clothes online from Lagos. I sent him the N300k. He thanked me and came back a couple of months later to beg for additional N200k for his wife to rent a shop with. I sent it to him.

Before i knew it, he came back telling me his wife is proud now and talks to him anyhow she likes because shes the only one making money and hes not making anything that I should help him start his business with N1m. I told him I couldnt just give him N1m just like that, that if I send him N1m I want him to pay back N800k, that N200k is my gift to him. He agreed he will pay N50k back per month to my wife's account till the N800k is paid off.

Back then, my wife was still in Nigeria, i was working on bringing her to the US to be with me. Dude only paid her N50k twice and locked up. I started calling him to ask for the rest of my money, in return he had his police friends calling my wife to come to the police station because this dude reported that me and her were harassing him over money he owes us. Imagine. Getting money from us was easy, paying back is harassment to him.

My brother ended up going to the station and had to sign an a document stating we will no longer borrher him because my wife had already joined me in the US.

I added up all the funds the dude had taken from me for himself and his wife. Around N2.2m in total. I only asked him to pay back N800k, he paid only N100k back and decided to involve police claiming me and my wife were harassing him.

Imagine owing someone and still calling police on the person you owe. I simply blocked him and im now very meticulous about people asking for help. So many of them are simply fraudsters that dont deserve any help at all.

Mehn, no be small thing oh, you really have a generous heart, sending a total amount of about NGN2.2m to a guy you barely knew. Let us even assume that you and your wife were harrassing him then, this thing was easier, he should have calll you personally and pleaded for understanding and timing too. I have done exactly that to two of my friends who loaned me 50k each to complete my house rent. I have called regularly for mercy. They know i am teacher only earning 50k They knew my take home is 50k, they also knew i was evicted from my house after a new owner bought it. Now, i really feel and know i am a debtor to these two kind friends..
I worry everyday, hoping to clear these debts from these friends. This is the fisrt time i am asking for such money from friends, i hope to pay back, even if it takes longer time.

1 Like

Re: What Will You Do If Someone Gives You 500k? by Ifexibe(m): 9:54am On May 19

Robnectar:
concerning what i quoted u for,.. can we talk abt this privately plz

Okay, send a Mail? or how do you want us to communicate?

Re: What Will You Do If Someone Gives You 500k? by bizzibodi(m): 12:48pm On May 19

FromZeroToHero:
With five hundred thousand naira?

Yes with faith you can move mountain, mountain

Re: What Will You Do If Someone Gives You 500k? by Ifexibe(m): 1:15pm On May 20

FromZeroToHero:
When is the IPO coming up

https://dangote.investbamboo.com/

Re: What Will You Do If Someone Gives You 500k? by coputa(m): 2:30pm On May 20

deavicky:
stagnant!!! I’m probably richer than half of your immediate family put together. Why are u so pained?.

You are welcomed, online millionaire.

Re: What Will You Do If Someone Gives You 500k? by MemoriesAndMe: 2:42am On May 22

kushme:
Mehn, no be small thing oh, you really have a generous heart, sending a total amount of about NGN2.2m to a guy you barely knew. Let us even assume that you and your wife were harrassing him then, this thing was easier, he should have calll you personally and pleaded for understanding and timing too. I have done exactly that to two of my friends who loaned me 50k each to complete my house rent. I have called regularly for mercy. They know i am teacher only earning 50k They knew my take home is 50k, they also knew i was evicted from my house after a new owner bought it. Now, i really feel and know i am a debtor to these two kind friends..
I worry everyday, hoping to clear these debts from these friends. This is the fisrt time i am asking for such money from friends, i hope to pay back, even if it takes longer time.

Some people have zero conscience vro. They owe you and still think its their right to do so. Thats why several people dont like to help others these days.

As long as youre communicating with those youre owing, its understandable. I have tenants owing me, as long as they communicate with me, i dont have any issues with them. Its when they dont communicate about paying me that i feel cheated and nobody wants to feel cheatwd at all.

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