₦airaland Forum

Eba50:
i wont use my kids as retirement plan. i want to keep 10 million investments in deposits without withdrawals now, as am 35. when am 70, i will use it as my retirement plan and benefit. then, i will be having at least 70 m of current value or worth, same thing as the valie of the money then is what 70 million can buy today. besides, i have my personal business, which i will manage to grow to be semi mega b4 then. besides, women of today usually turn the kids away from their dad cos of complete loyalty to them, so i dont give a fuk.if i notice this, i remove them from my will totally

Eba50:
i wont use my kids as retirement plan. i want to keep 10 million investments in deposits without withdrawals now, as am 35. when am 70, i will use it as my retirement plan and benefit. then, i will be having at least 70 m of current value or worth, same thing as the valie of the money then is what 70 million can buy today. besides, i have my personal business, which i will manage to grow to be semi mega b4 then. besides, women of today usually turn the kids away from their dad cos of complete loyalty to them, so i dont give a fuk.if i notice this, i remove them from my will totally

LOSKYXANDER:
I like how you just ignored the fact that inflation is a big issue in Nigeria 😂

peterboro:
You have a idea, but please use that 10milliom and buy land instead. Thank me in your old age.👍

Please keep buying as much lands as you can buy in any slightest opportunity you have. This will really save your old age better.

wirinet:
His N70 million would might not worth half of that N10 million in 35 years. 1 Dollar was approximately 10 naira in 1991, so
N70 million today is less than N60,000 in 1991. A brand new tear rubber Mercedes Benz was about N50,000 in 1990, a bag of cement was less than N500 in 1990.

Saving money is the easiest way to lose value. If one want to save at it it's best to save in gold, metals or in landed properties.

Ordinary, the best investment is in people. That's is in education of other people, particularly our children, or relatives. With the very dysfunctional Nigerian society, where greed, selfishness and ungratefulnes is now the norm. Investing in other people can be a bad investment.

Rapmoney:
The photos below should show you why you should not make your children your retirement plan. Invest in them rather than making them your retirement plan. If you abandon them while they are growing up, they might do likewise when you are old. If you did not put anything worthwhile in them as they are growing, they will reward you with same.

Eba50:
pls read again. i said 70 million of current value is what the money can purchase at least by 35 years time, if i dont withdraw, which i wont

BarrElChapo:
What you don’t know is that many of us will not have gotten the level of care, education and etc, that we had if our parents chose to save for their retirement.

Life happens, you self wey Dey talk, you can’t predict your future especially in this country.

WhiteIverson:
Life isn't a movie

Some invested in their kids and still got abandoned

Invest in your kids but invest in yourself more

IsraeliAIRFORCE:
A bunch of ungrateful generation, over to you. They'd better tell you to go collect Tinubu's education loan and swim in debt after graduation.

Eba50:
.my target. os isele uku, 20 mins drive from asaba, by next January

Rapmoney:
There is no connection between what you typed and the content of my post.

Eba50:
i mean the value of the money by then is what 70 million of today can buy and besides, i have a business am growing at least 25% yearly and very steady, which will make mu need for that money to be very rare

peterboro:
You have a good idea, but please use that 10milliom and buy land instead. Thank me in your old age.👍

Please keep buying as much lands as you can buy in any slightest opportunity you have. This will really save your old age better.

wirinet:
In effect, you are advising us not to educate our children. The cost of educating a child from primary school to university nowadays is extraordinary. Imagine paying over 2 million every year to educate a child, and then saying the child should not return the favour in your old age is immoral and evil.
I have a friend that sold all he has to send his son to aviation school in the US. Today the son is working for Emirates Airlines in the UAE. The son has returned the favour of his father's investment over 5 times in 8 years. He has build a house for his father, bought him 2 brand new cars, and helped his business.

marvel2011:
You go around taking random pictures of people without actually seeking their consent. If it was a sane society, you should be behind the bars.

wirinet:
Believe me, there is no guarantee in life. All the investments you accumulated could be wiped out by just one old age sickness like cancer, liver disease or heart disease, and you will still need the help - both financially or physically of your children, or relatives.

Mpanyi:
And you think it's proper to splash the man's picture here?

Hhh4444:
You have said it all...there is no guarantee. Do your best and leave the rest. This life no get formula. Who e dey favour go think say na him get sense pass.

Eba50:
this is very good idea sir. My concern is the way people and communities reclaim undeveloped lands, even when u live within same ytown. i live in asaba, but am from ughelli north, almost all lands are either sold at least twice or on lease of 100 years. as u buy lands there, others are waiting for 2 or 3 years time when those your lands will appreciate by 40 or 50 percent and sell it. if u complain, they will count your cash give u and say shebi naim you pay for the land. i also wanted to buy land at Ogwashi uku/azagba ogwasi/ isele azagba, ogwashi uku king and state government don revoke all lands there and ban sale of lands on all those axis and giving them out to estate companies just like that, even obi Cubana company get a whole mini city there. people dey cry.thats my fear. even surrounding communities of asaba, people dey fear to buy lands there.my target. is isele uku, 20 mins drive from asaba, by next January

wirinet:
In effect, you are advising us not to educate our children. The cost of educating a child from primary school to university nowadays is extraordinary. Imagine paying over 2 million every year to educate a child, and then saying the child should not return the favour in your old age is immoral and evil.
I have a friend that sold all he has to send his son to aviation school in the US. Today the son is working for Emirates Airlines in the UAE. The son has returned the favour of his father's investment over 5 times in 8 years. He has build a house for his father, bought him 2 brand new cars, and helped his business.

Rapmoney:
The photos below should show you why you should not make your children your retirement plan. Invest in them rather than making them your retirement plan. If you abandon them while they are growing up, they might do likewise when you are old. If you did not put anything worthwhile in them as they are growing, they will reward you with same.

olarent:
Dear sir,you are mid quoting the writer,the message he tried to pass is as you are training your children don't forget to invest in your self as well,life is not balance,your friends example is good that doesn't mean that another person children we repay sir.Thank God you are elderly person am sure it we not be strange to your ear that some children are Vagabond and useless sir.my grandma has six children,three boys and three girls,out of the 3boys my father happened to be one have elder brother and junior brother,his junior brother die in 1997 why my own father died in year 2000,you would believe that among the 6 children those 2that die was the only one that have their mother at heart bcoz their father have die for a very long time,sir its was bad investment for her for those four left bcoz she suffered I mean suffered,I was 14years when my father die and first child also now 38years till date non of them look back to see how their dead brother children fair,no mother as well,loose mum before dad and they are not hungry but ok.Since then with that experience I promise myself just two children the money to used raise 4children I we raised two and use the spare two to raise my self,which God is helping me to do,now 2houses ,the one am staying and the one I rented out,God willing planning more.

Eba50:
this is very good idea sir. My concern is the way people and communities reclaim undeveloped lands, even when u live within same ytown. i live in asaba, but am from ughelli north, almost all lands are either sold at least twice or on lease of 100 years. as u buy lands there, others are waiting for 2 or 3 years time when those your lands will appreciate by 40 or 50 percent and sell it. if u complain, they will count your cash give u and say shebi naim you pay for the land. i also wanted to buy land at Ogwashi uku/azagba ogwasi/ isele azagba, ogwashi uku king and state government don revoke all lands there and ban sale of lands on all those axis and giving them out to estate companies just like that, even obi Cubana company get a whole mini city there. people dey cry.thats my fear. even surrounding communities of asaba, people dey fear to buy lands there.my target. is isele uku, 20 mins drive from asaba, by next January

wirinet:
Believe me, there is no guarantee in life. All the investments you accumulated could be wiped out by just one old age sickness like cancer, liver disease or heart disease, and you will still need the help - both financially or physically of your children, or relatives.

Eba50:
i wont use my kids as retirement plan. i want to keep 10 million investments in deposits without withdrawals now, as am 35. when am 70, i will use it as my retirement plan and benefit. then, it will be having at least 70 m of current value or worth, same thing as the valie of the money then is what 70 million can buy today. besides, i have my personal business, which i will manage to grow to be semi mega b4 then. besides, women of today usually turn the kids away from their dad cos of complete loyalty to them, so i dont give a fuk.if i notice this, i remove them from my will totally

Eba50:
i wont use my kids as retirement plan. i want to keep 10 million investments in deposits without withdrawals now, as am 35. when am 70, i will use it as my retirement plan and benefit. then, it will be having at least 70 m of current value or worth, same thing as the valie of the money then is what 70 million can buy today. besides, i have my personal business, which i will manage to grow to be semi mega b4 then. besides, women of today usually turn the kids away from their dad cos of complete loyalty to them, so i dont give a fuk.if i notice this, i remove them from my will totally