₦airaland Forum

babyfaceafrica:
you too noticed abi?..we all should stop fooling ourselves, no money,no happy marriage..love died a long time ago!!

Frankiss44:
Women for you.. When the politics money pays once in a while, they will flex the money and forget it doesn't come often.. The. Begin to tell oga word when money don dry.. Some go even lock their toto say no money no sex like prostitute... My Boss in the office use to say a man will run the home for years with issues, without anybody hearing stories but the moment the source of income drops and the woman takes over the running of the house for 2 weeks, everybody, even the meat seller at the market will know how insensitive how husband is

ornicus:
Grass to grave. That autocorrect tho

airminem:
Inspire him. Stay close to him. Keep making him feel like the good old days you both started in high spirit. I bet he will always want to make you happy and make the family proud. DO NOT TALK HIM DOWN. DO NOT TALK HIM DOWN WOMAN!

Aparche:
And we are wondering why our politicians are corrupt...a man that has no job, no business, can hardly take care of his home has made politics his hope & is busy day dreaming on becoming rich one day through politics. If this one eventually gets an appointment; all the monies that mistakenly come to his table are in trouble.

studentofTruth:
I posted that when I was eating and couldn't type much. I have updated the post, please go and read it again. In fact, see it here:

The purchasing power of the money drops by the day — @12% inflation rate, the 3m will be worth less than 200k in 30 years.

The 100k rent may be going at more than 1.5m in that 30 years

A a good landed ppty at 3m may be worth over 30m in that 30years

While it doesn't make sense for someone without a stable income to engage in a property project, don't make it sound like it's better to be paying 5m per annum in a rented apartment in Lekki (just to answer a Lekki resident) than to own a good house on the mainland.

You haven't even talked about businesses that fail. Most new businesses fail, so rushing to set up a business just because there's fund may be a disaster, if the person doesn't know everything about the business.

As regards Tbills, the rate is always a little below inflation rate, so it's still losing money in the long run. TB is a good way to temporarily reduce the effects of inflation on your bulk money before you find the right channel to invest it, and believe me, in a developing country like Nigeria where the cities are still developing, a good landed ppty outperforms most businesses.

No doubt, for someone who has a good scalable business with a great profit margin, investing in the business will pay more, but it's not everyone that has such opportunities.

Now, if I may ask, which profitable business (with low risk) do you think someone a can set up with 1m?

Acidosis:
It is NOT going to pay off on the short or long run. Not having a job and not being able to pay rent is more than enough reason to avoid spending all resources on a building project. Many of our aged parents made this mistake. A lot of them died poor with nothing. Only the children benefited at the end of the day by selling off the property.

Landlord harassment is not enough to provoke one into building a personal apartment. That anger should make you work harder to pay your rent, not spend what you don't have raising a shanty house.

The desire to raise one's income should supercede the desire to "lower" expenditure/expenses.

How can you even lower expenses by spending so much on a personal house?

Do a quick calculation;

Annual rent = N100k

Personal apartment/land = N2-3m (in a small town)

What's the sense in the above? 3m is rent for 30 years (assumed 0 inflation). Add 30 to your current age and tell me what you have.

That 3m in mutual funds, or a risk-free investment like TBills will yield at least 350k annually with 0 work. From that, you pay your rent easily, and increase your networth in a sporadic manner over a very short timeframe.

tonididdy:
Get a house bro... Na money nor dey make some people dey say beer is bitter.

tonididdy:
Brother even in the next 100yrs Nigeria cannot completely occupy its greenery.

pocohantas:
Lol. The v is close to the c. My mistake, not poor autocorrect.

ornicus:
Grass to grave. That autocorrect tho

Acidosis:
He collected all your savings to add to a project (a personal apartment??).

I don't understand why people rush to build apartments. It is absolutely needless when you still struggle to meet your basic needs.

Advise your husband to;

1) Quit daydreaming about a juicy political offer. This venture never ends well when you don't have a job/business, trade, skill, etc. After 4 or 8 years of tasting little money as a counselor or special adviser (assuming he gets the offer), the situation will get worse. I've seen too many examples.

2) Sell off the uncompleted project.

3) Use the proceeds of the sales for business (this should be your focus and priority).

A house project won't put food on your table. A lot of Nigerians make this mistake. The urge to be called a landlord push many into shanty houses that ordinarily should be left for poultry and pig farming.

There's so much ignorance in the land. Tenancy is not bondage. Stop attending churches where tenants are demonized. There's no glory in being a broke landlord. Remain where you are and divert your money to a productive venture. That's how to grow. Your personal apartment may help you save a little (assuming you pay a lot on rent) but it won't put N1 on your table.


N.B: Please ignore the above if my interpretation of "project" differs.

PrimadonnaO:
Wait first nau. Calm down. First ask them where they live... state and type of house.

I'm assuming it's at least a two-bedroom apartment since they have kids. And I'm hoping it's not Lagos... and not on the island.

Gforce2015:
Can you imagine? My broke husband...
Some of our ladies are just bunch of gold-diggers... If we hear from the man side of story , we might even discovered that it's a different story entirely... Why are ladies like this? I'm sure she married him went and because things were Rosy... The moment the guy is having financial challenges , she came to nairaland and started typing ; my broke husband ... Knowing fully well that ladies of like-minded will support her.

Some imp called wife should be discarded asapy

ibkayee:
Lmao God forbid

Gforce2015:
There are wise woman and there are foolish... She supposed to even be grateful that the guy hasn't absconded and leave her to continue push the family loads until their Childrenhave graduated..

ibkayee:
Lmao God forbid

Mutemenot:
Most politicians started that way, it's always boy boy at the beginning. Don't give up Okay, just manage him however he is, believe me he will hammer like a yahoo guy someday ....
dont allow the situation cause wahala ok

Uchechi20:
I just created a new account for this post, please i need mature advice. My husband has been so broke for years now, he never ever gets money if we have any emergency for my kids sickness, school fees, etc. He likes hallucinating about how he will be rich by getting one juicy political appointment cause he is into politics. Sometimes he hustles to just get food and it ends there(this does not come often), no basic needs like school fees etc. Before you judge me as not being supportive, i am not employed at the moment but i struggle and hustle the little way i can to assist in the house upkeep. I paid school fees, i even gave him a large some to add to our ongoing project but the money unfortunately didn't complete it.

Now our room window net spoit and there is a big bush just around the window. He is not doing anything about fixing the window net as usual, i didn't nag him. I just closed the windows permanently, but i noticed this morning that he opened the windows through out last night, same as the night before. My two children sleep on the same bed. He had to put us at risk like that just for ventilation sake without considering what could creep into our room.

Please i need serious advice on how to handle this, he collected all my savings to add to the project.
NOTE: He leaves the house everyday to come back very late, cause he still serves this political big guys yet there is nothing to show for it.

Uchechi20:
I just created a new account for this post, please i need mature advice. My husband has been so broke for years now, he never ever gets money if we have any emergency for my kids sickness, school fees, etc. He likes hallucinating about how he will be rich by getting one juicy political appointment cause he is into politics. Sometimes he hustles to just get food and it ends there(this does not come often), no basic needs like school fees etc. Before you judge me as not being supportive, i am not employed at the moment but i struggle and hustle the little way i can to assist in the house upkeep. I paid school fees, i even gave him a large some to add to our ongoing project but the money unfortunately didn't complete it.

Now our room window net spoit and there is a big bush just around the window. He is not doing anything about fixing the window net as usual, i didn't nag him. I just closed the windows permanently, but i noticed this morning that he opened the windows through out last night, same as the night before. My two children sleep on the same bed. He had to put us at risk like that just for ventilation sake without considering what could creep into our room.

Please i need serious advice on how to handle this, he collected all my savings to add to the project.
NOTE: He leaves the house everyday to come back very late, cause he still serves this political big guys yet there is nothing to show for it.

Efewestern:
Oniovo I wanted to counter him, but I saw your comment, couldn't have said it better. Dude is delusional, to think he got a that many likes shows people never learn.

He keeps talking of business as if their is 100% guarantee that the business won't collapse, to even think he advised them to sell their project says a lot about him.

kevoh:
Lol ..I have my own house that I pay mortgage and live in with my wife and kids. I will complete payment by 2026. That's six years from now! Planning to purchase another land or key into any other government housing scheme that's available and put that one on rent.


This your stats funny well well. It's not even a case of just greenery. An imbalanced ecosystem is recipe for disaster, whether 1 year from now or 1000 years from now.

Sanchez01:
So many of your angles are wrong!

Rent accounts for over 50% of the problems in marriage. In a country where the average Joe barely earns 100k monthly, breaking the barrier of rent is like winning a jackpot. And if you think becoming a broke landlord is insane, wait till you get overwhelmed by financial demands in another man's house while your rent due date edge closer.

Most people think venturing into a business automatically translates to steady inflow. What you don't realize is that mishaps are very common with personal businesses and just one would have been a problem in another man's house as you'd need to secure loans or borrow to temporarily stay afloat. Typical business folks who mostly survive this ugly phase often go as far as selling other stuff they own to stay alive in business. It is not the same with people who don't have other money raising properties to fall back to when things get ugly.

My family stopped paying rent in Lagos since 1999 and growing up, there were moments when money would be scarce but the single thought of not worrying about paying rent eased so many things.

Plus while you brazenly suggest they sell off the property, you failed to ask what state it is situated, which should have been your major concern before going further to talk about whether or not the move was wise.

I think we all should learn to put 'just my opinion' after suggesting some things in this section so that we don't end up destroying lives in the name of counseling. Opinions are opinions and some, if not most are somewhat dangerous.

As unwise as you think the move is, I'd advise you invest your last penny in a landed property and conveniently add swag to soaking your Cassava flakes in your own property, after developing it to a reasonable extent.

studentofTruth:
I posted that when I was eating and couldn't type much. I have updated the post, please go and read it again. In fact, see it here:

The purchasing power of the money drops by the day — @12% inflation rate, the 3m will be worth less than 200k in 30 years.

The 100k rent may be going at more than 1.5m in that 30 years

A a good landed ppty at 3m may be worth over 30m in that 30years

While it doesn't make sense for someone without a stable income to engage in a property project, don't make it sound like it's better to be paying 5m per annum in a rented apartment in Lekki (just to answer a Lekki resident) than to own a good house on the mainland.

You haven't even talked about businesses that fail. Most new businesses fail, so rushing to set up a business just because there's fund may be a disaster, if the person doesn't know everything about the business.

As regards Tbills, the rate is always a little below inflation rate, so it's still losing money in the long run. TB is a good way to temporarily reduce the effects of inflation on your bulk money before you find the right channel to invest it, and believe me, in a developing country like Nigeria where the cities are still developing, a good landed ppty outperforms most businesses.

No doubt, for someone who has a good scalable business with a great profit margin, investing in the business will pay more, but it's not everyone that has such opportunities.

Now, if I may ask, which profitable business (with low risk) do you think someone a can set up with 1m?

Uchechi20:
I just created a new account for this post, please i need mature advice. My husband has been so broke for years now, he never ever gets money if we have any emergency for my kids sickness, school fees, etc. He likes hallucinating about how he will be rich by getting one juicy political appointment cause he is into politics. Sometimes he hustles to just get food and it ends there(this does not come often), no basic needs like school fees etc. Before you judge me as not being supportive, i am not employed at the moment but i struggle and hustle the little way i can to assist in the house upkeep. I paid school fees, i even gave him a large some to add to our ongoing project but the money unfortunately didn't complete it.

Now our room window net spoit and there is a big bush just around the window. He is not doing anything about fixing the window net as usual, i didn't nag him. I just closed the windows permanently, but i noticed this morning that he opened the windows through out last night, same as the night before. My two children sleep on the same bed. He had to put us at risk like that just for ventilation sake without considering what could creep into our room.

Please i need serious advice on how to handle this, he collected all my savings to add to the project.
NOTE: He leaves the house everyday to come back very late, cause he still serves this political big guys yet there is nothing to show for it.

airminem:
I Disagree. To me its a matter of misguided hatred and distrust towards men you think.

PrimadonnaO:
Wait first nau. Calm down. First ask them where they live... state and type of house.

I'm assuming it's at least a two-bedroom apartment since they have kids. And I'm hoping it's not Lagos... and not on the island.

Sanchez01:
Oniovo, the kind of things I read on here, no doubt, can make the devil mad! Dude is not even married and he keeps talking shanties. He forgot that in the process of raising a family, tendencies are that priorities and needs will multiply, particularly when the kids start coming.

There are hundreds of thousands of entrepreneurs who, though invested in their businesses, ended up wailing and gnashing their teeth. The entrepreneurial life is difficult and not easy as many see it and several factors will play out that will destroy or threaten one's business.

These guys haven't seen life yet they counsel others from an angle they know nothing about.