₦airaland Forum

Hello Financial Gurus,

I'd like to read your thoughts on this financial options.

Profile - I'm in my late 20s with some little funds to plan the next phase of my life.

I am contemplating investing about 2 million in getting a leased self-con apartment for about 15 years somewhere in Yaba...My intent for this is to establish an assured means of financially supporting my future family annually for about 10-15 years.

Alternatively, I could use a large of funds to buy my first car and be cruising around, and use the remaining sum to get a plot or two pieces of land in Ibeju Lekki - all for the future.

The third option is to save up the funds and plan to wed real soon.

But my concerns are these;

How well will the leased apartment appreciate with time?
If I get a car now, won't it create a false social impression that I've arrived (trust you know what that comes with in Nigeria)?
Am I considering Marriage too early?
Is the Ibeju Lekki property a good choice?

Kindly share your thoughts...Thanks

...... u nid to cough out mila to buy land in Ibeju lekki axis.If land cost around 1/ 1.5 mila around ikorodu,u can imagine lekki..Dnt buy car to dey cruise around, nah who u ean impress?.Rather buy toyota car and use it for taxi cab/hire it.Find one reliable banker dat can help u invest like 400/500k in biz with interest. Dnt go use the money to marry/rent any house,.Nobody dey pursue u,tomorrow is neva too late.Come again, distance urself from Bet 9ja/punishers(punters) May u NOT SEE EVIL

What is the total amount we are talking about here to begin with?

Thanks for your thought and time.

ipobarethieves:
...... u nid to cough out mila to buy land in Ibeju lekki axis.If land cost around 1/ 1.5 mila around ikorodu,u can imagine lekki..Dnt buy car to dey cruise around, nah who u ean impress?.Rather buy toyota car and use it for taxi cab/hire it.Find one reliable banker dat can help u invest like 400/500k in biz with interest. Dnt go use the money to marry/rent any house,.Nobody dey pursue u,tomorrow is neva too late.Come again, distance urself from Bet 9ja/punishers(punters) May u NOT SEE EVIL