5 Reasons Investing In Real Estate Is Better Than Saving In Bank - Investment - Nairaland
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| 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 1:51pm On Oct 18, 2017 |
Some feel that saving money in the bank is a good strategy to building wealth. Though, it is very good to save, it is not a good wealth building strategy. The gains of real estate investment far outweigh that of saving in the bank for the following reasons: 1. *Currency always diminish in value while real estate appreciates:* The purchasing power of money continually diminishes. The things One million naira could buy five years ago are not the same things it can buy today. However, real estate always appreciates. If you buy a plot of land in a good location, take effective possession and perfect necessary documentation today, in five years’ time, you can sell it for up to 10× or more of the price you bought it. 2. *Return on savings is infinitesimal while returns on real estate investments are huge:* When you save your money in the bank or do a fixed deposit, your returns on investment are usually single digit per annum. Conversely, based on the rate of development in the area you purchase your landed property or building, the return on investment are often huge. If you buy a house for example and let it out to tenants, between a decade to two, you will have recovered your investment and you will continue to make profit for the rest of your life. 3. *Your money in the bank simply makes the banker richer while your money in real estate makes you richer:* If you save money in the bank, the money will be used by the bank to give out loans and you will be paid an interest. The difference between the interest given by the customer who loans your money and the amount given to you is taken by the bank. Thus making the banker richer. On the other hand, when you invest in real estate, the difference between the price you bought the property and the price you are selling it is taken completely by you. Thus making you richer. 4. *Expenses always arise to deplete your savings but your property is always there appreciating in value:* When you have money saved in the bank, no matter how disciplined you are, there will always be expenses that will arise to deplete the savings. When you invest such funds into real estate, your cash is tied into an investment that will be appreciating in value no matter how lose you are with the remaining cash in your possession. 5. *None of the rich ascribe their success in gathering wealth to saving but most of them have impressive property portfolios (more than 90% of them):* Of all the wealthy individuals in the world, I do not know of anyone whose wealth strategy was saving in the bank. However, a cursory look at the wealthiest individuals in the world, in Africa and even in Nigeria show that property investment is the preferred wealth building option. Now you know, It's time to act. For enquiries and free inspection to our estates.+2347062889444.we are available. Check; www.zoerealestateproperties.com.ng |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 2:48pm On Oct 20, 2017 |
zoechris:A must read! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by sirxbit(m): 3:31pm On Oct 20, 2017 |
Nice |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by Syphonn(m): 3:45pm On Oct 20, 2017 |
List of Job Opportunities Available In The Agricultural sector Now it is easier for small farmers to engage in agriculture and to enjoy state support as long as they can be registered with the competent authorities in their territory and with the relevant government authorities. In this way, access to necessary government support becomes easy. And with the efforts the country has tried to make agriculture one of the revenue and job creation venture, it is easier to get a loan to start a small scale farm upon graduation or even before graduation. READ MORE: http://www.busygisting.com/10-job-opportunities-available-agriculture-graduate/ |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 4:20pm On Oct 29, 2017 |
A must read! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 7:55pm On Nov 01, 2017 |
zoechris:A must read! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 9:11pm On Nov 07, 2017 |
zoechris:Great! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 8:20pm On Dec 04, 2017 |
zoechris:A must read this festive season! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 10:40am On Dec 06, 2017 |
zoechris:Very accurate! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 8:37am On Dec 13, 2017 |
Amazing! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 11:40am On Jan 17, 2018 |
zoechris:Very good! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by Dollabiz: 4:44pm On Jan 17, 2018 |
Yes |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 3:02pm On Jan 19, 2018 |
Dollabiz:Thank you |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 4:50pm On Feb 15, 2018 |
zoechris:On point! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by Peromnia: 6:36am On Feb 16, 2018 |
God of nazareth |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 3:02pm On Mar 07, 2018 |
zoechris:Very true! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 4:17pm On Mar 10, 2018 |
zoechris:great! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 7:06pm On Mar 10, 2018 |
zoechris:Hurry now! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 10:01am On Mar 19, 2018 |
zoechris:Awesome! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 7:23am On Mar 20, 2018 |
zoechris:Amazing facts! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 12:50pm On Mar 22, 2018 |
zoechris:Very insightful! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 11:55am On Mar 27, 2018 |
zoechris:Nice Analysis! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 10:08am On Mar 29, 2018 |
zoechris:very good! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by Stallion93(m): 3:49pm On Mar 29, 2018 |
Check my signature if interested in buying a land @port Harcourt metropolis |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 12:28pm On Apr 16, 2018 |
zoechris:Good write up! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 7:42am On May 18, 2018 |
Amazing! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 2:20pm On May 22, 2018 |
Awesome! |
| Re: 5 Reasons Investing In Real Estate Is Better Than Saving In Bank by zoechris(op): 6:23pm On May 30, 2018 |
cool! |
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