₦airaland Forum

HoraCanada:
emmanuelewumi,

Sir, as a salary earner and single, who's serious in investing, please proffer a typical monthly percentage guide to set aside for emergency funds, savings, Investment, monthly expenses. This will serve as a guide for those keen in becoming financially independent over time. Thank you

Leezah:
There are things kids will learn from the environment in lekki

9jatriot:
u sure say non be because he non wan return money when he borrow from u?

9jatriot:
u sure say non be because he non wan return money when he borrow from u?

Grupo:
Depends on the person's income range. I know I wasn't asked, but just to contribute...

emmanuelewumi:
Listen to the new, this global pandemic and fall in oil price has made a lot of people jobless, businesses bankrupt

Mills55:
Please my people, this just an information. I notice that once u have a substantial amount in ur account, u start getting scammers calls and text messages. If this is not an insider information, then means this scammers are using black power. But I think it has to do with insider info. Just be careful at this trying time, as many of them are out there looking for who to scam. As u dey hustle, na so them dey hustle too. Don't be a victim.

Leezah:
I worked in Okomu briefly met some white folks, whenever they are leaving they are not always happy and I asked one why he said, Nigeria is one of the best places to live in because no taxes, we enjoy certain privileges because of our color

Theconglomerate:
If you had this kind of authority for real,I feel you would have been better off than looking for investment ideas from people that might be looking for maggi money.
Know your place and where your authority ends.
The only thing i believe is in your power to do is ignore my posts whenever you see them.
Thanks.

9jatriot:
Oga you allowed your dollar to touch the hands of an aboki and you did not change the dollar after that? Una get mind o.

Stories abound of aboki exchanging real USD for fake USD simply for reneging on agreements and you asking them to return your money to you.

Anyway, I believe you should be safe sha.

In future, before you do that, ensure you write the serial number of the money or snap each of them before you hand it over. Even banks scan each dollar before handing them over to you.

Theconglomerate:
keep it.
Naira is going to weaken more when the lockdown is lifted due to over demand for forex from businesses with low oil revenue fx to defend it.
You'll get to make more money from the deal by selling then rather than now.
But I wonder the kind of person that will lose 32k willingly all in the name of big man.
Maybe he doesn't know all those aboki them and prefer to give it to you and cut his loss.
Your luck!!

emmanuelewumi:
You just want to task our brain, you already know you want to do.
I will just advise you to follow your instinct

odimbannamdi:
CC: TotonaRubber
I think this post is for you

odimbannamdi:
Go for the second option, especially if the location is good. The starting capital (5m) is reasonable and, if you are strategic about your operations (value-adding), there is a high chance that you will recoup your 5m investment in less than 2 years. Nigerians flex alot.
Also, if you are investing 5m for the second option, it means most of the setup materials will be make-shift materials, so your exit process may not be too expensive if things dont go as planned.

In all, follow your instincts.

Gabrielclint:
My brother, good day.
First as a real estate guru, I think the location of that property has reached its apex appreciation. For a plot of land to be kept at 30million naira 4 years ago and till now the land has only depreciated rather than appreciating, it calls for concerns that should be investigated.

Buying a land for 25mil and building a block of flat there is not the best option. The break even is always far fetched because of the cost of the land. Before you consider the second option, you need to undertake some investigation to know the land use of the plot. It is not everywhere that you can just start a relaxation joint and the government will allow you. First try to know what type of activity the property was allocated for in the land use master plan of the area, otherwise you will venture into a business that you will spend millions to pay for deficiencies or bribe to the government. A friends big relaxation area was just demolished 3 months ago after only 3 yrs of operation because that's not the land use.

My suggestion is, depending on the location and state you reside, you can look for cheaper lands in a place that is rapidly developing, use that 25mil and buy like 5 plots at 5mil each, in 2 years that 5mil land will become 10mil each. I bought some plots for 500,000 naira last year, just last month I checked and the property now worth 1 million each.. 100% in just 1 year, just because the government asphalted the road. Look deeper bro, real estate is the real deal if you investigate well.

Mills55:
Please my people, this just an information. I notice that once u have a substantial amount in ur account, u start getting scammers calls and text messages. If this is not an insider information, then means this scammers are using black power. But I think it has to do with insider info. Just be careful at this trying time, as many of them are out there looking for who to scam. As u dey hustle, na so them dey hustle too. Don't be a victim.

emmanuelewumi:
Correct

Easier for a frugal top corporate executive who earns N24 million and above to save 50% of his income, than for a civil servant who earns N3 million to save 50% of his income

HoraCanada:
emmanuelewumi,

Sir, as a salary earner and single, who's serious in investing, please proffer a typical monthly percentage guide to set aside for emergency funds, savings, Investment, monthly expenses. This will serve as a guide for those keen in becoming financially independent over time. Thank you

Leezah:
Which book are you reading currently?

HoraCanada:
the millionaire next door, just started reading it

emmanuelewumi:
Our behaviours and attitudes are determined by two major factors hereditary factors and environmental factors. We inherit certain traits from our parents, we learn some behaviours from our parents, the environment we grow up also influences our behaviours, attitudes, temperament, expectations from life and outlook about life.

That is why some people have entitlement mentality, argumentative, calm, confrontational, humble, frugal, reckless, low self esteem, proud confident, outgoing, industrious, athletic, business minded, opportunist, compassionate, agressive, abusive, toxic, friendly, spend to impress, need validation of others etc

Rotiix:
Please where can i get or download this book?

odimbannamdi:
Advice is a two-way thing. As you give it, you should be able to take it. You should have taken your own advise by ignoring the post you quoted and made obnoxious comments about.

Everybody here has a minimum level of sound intelligence, but we tone it down and contribute wisely for the sake of tolerance and productive cross-fertilization of ideas and experiences. But you antagonize EVERY post and spot EVERY opportunity to showcase your contrary intelligence. In a bid to do so even, you skid off the point or keep saying the same thing everyone is saying in a most confrontational way.

Yes, i am not comfortable with my present knowledge level and i am eager to get more financial and investment literacy here.

Thanks.

Can we learn in peace now?

ahiboilandgas:
no need for this ...are u same person healthserve?

ahiboilandgas:
I refuse to move to lekki despite the fact i can afford it ...i didnt want to be subconsiously drag into catching up with the jones symdrome....once am in the mainland i dont notice my car but if i enter lekki wahala dont start...i start wondering oga wetin u dey do with this honda 2013 when u mates!!!!! They drive benz 2019 and range ....so after staying for 3 months i had to move ...i didnt want to be paying 700 naira to wash 1 shirt in a lundary 2000 to barb ....now i pay 400 to barb and 150 per shit home delivery

TotoNaRubber:
You are quite right, everything in Lekki is somehow over-priced if you keep going to most places in Lekki designed for the rich in Lekki.
Even the Freaky freakys are not left out, I carry one earlier this year after lap dances in Askamaya Lekki, she floow me enter house (first mistake), see everywhere nice, she went to the rest room and came to the bed, my blood was already hot so i told her baby, see bed make we start o as it was already 1am, she said make we talk first, i was concerned so i listened attentively.

To cut the long story short she said i will give her 30k by morning which will be around 6am as their normal departure time, my N10k bargain fell on deaf ears so i told her well, i will not entertain blackmail (in my mind), She said N30k or no deal, i said ok now thanks for coming, she say make i give am cab money, i gave her N1k she refused o, i quietly told her to come outside with me to go find more money, once i dey outside i made it clear na N1k dey for cab, she flung the N1k at my face and left angrily. The next day i drove down to Ajah and picked up a fresh Freaky freaky for N7k, total damage N10k max. Total saving N20k.

So island can be quite pricey.

emmanuelewumi:
People who worked hard for their money, who are not greedy, who ask relevant questions hardly fall for scams.

Got a call on Friday night, that they are calling from my bank. They said they observed something is not right with my POS. I asked them to tell me which of the accounts and account number

They caller said Zenith bank. I just cut her off because I don't have a Zenith bank account

TotoNaRubber:
You are quite right, everything in Lekki is somehow over-priced if you keep going to most places in Lekki designed for the rich in Lekki.
Even the Freaky freakys are not left out, I carry one earlier this year after lap dances in Askamaya Lekki, she floow me enter house (first mistake), see everywhere nice, she went to the rest room and came to the bed, my blood was already hot so i told her baby, see bed make we start o as it was already 1am, she said make we talk first, i was concerned so i listened attentively.

To cut the long story short she said i will give her 30k by morning which will be around 6am as their normal departure time, my N10k bargain fell on deaf ears so i told her well, i will not entertain blackmail (in my mind), She said N30k or no deal, i said ok now thanks for coming, she say make i give am cab money, i gave her N1k she refused o, i quietly told her to come outside with me to go find more money, once i dey outside i made it clear na N1k dey for cab, she flung the N1k at my face and left angrily. The next day i drove down to Ajah and picked up a fresh Freaky freaky for N7k, total damage N10k max. Total saving N20k.

So island can be quite pricey.

HoraCanada:
the millionaire next door, just started reading it

Leezah:
You should have not cut off rather lead her on then after listening, you can reply by saying, I am from the State security servicesol or DSP Okotoko from Anti fraud unit Area F, Ikeja and we have been following you and know you present location. That's line will never be reachable.

emmanuelewumi:
When I searched her phone number on Truecaller, I got scammer

9jatriot:
Bros I be de listen o, but the Nigerians there keep sending us videos of how government has been paying them for staying at home.

emmanuelewumi:
Please go and marry and stop carrying o-os-o it is not economical on the long run

The current recession will affect entertainment and relaxation spots.

HoraCanada:
you can download it online via google as pdf

TotoNaRubber:
You are quite right, everything in Lekki is somehow over-priced if you keep going to most places in Lekki designed for the rich in Lekki.
Even the Freaky freakys are not left out, I carry one earlier this year after lap dances in Askamaya Lekki, she floow me enter house (first mistake), see everywhere nice, she went to the rest room and came to the bed, my blood was already hot so i told her baby, see bed make we start o as it was already 1am, she said make we talk first, i was concerned so i listened attentively.

To cut the long story short she said i will give her 30k by morning which will be around 6am as their normal departure time, my N10k bargain fell on deaf ears so i told her well, i will not entertain blackmail (in my mind), She said N30k or no deal, i said ok now thanks for coming, she say make i give am cab money, i gave her N1k she refused o, i quietly told her to come outside with me to go find more money, once i dey outside i made it clear na N1k dey for cab, she flung the N1k at my face and left angrily. The next day i drove down to Ajah and picked up a fresh Freaky freaky for N7k, total damage N10k max. Total saving N20k.

So island can be quite pricey.

TotoNaRubber:
You are quite right, everything in Lekki is somehow over-priced if you keep going to most places in Lekki designed for the rich in Lekki.
Even the Freaky freakys are not left out, I carry one earlier this year after lap dances in Askamaya Lekki, she floow me enter house (first mistake), see everywhere nice, she went to the rest room and came to the bed, my blood was already hot so i told her baby, see bed make we start o as it was already 1am, she said make we talk first, i was concerned so i listened attentively.

To cut the long story short she said i will give her 30k by morning which will be around 6am as their normal departure time, my N10k bargain fell on deaf ears so i told her well, i will not entertain blackmail (in my mind), She said N30k or no deal, i said ok now thanks for coming, she say make i give am cab money, i gave her N1k she refused o, i quietly told her to come outside with me to go find more money, once i dey outside i made it clear na N1k dey for cab, she flung the N1k at my face and left angrily. The next day i drove down to Ajah and picked up a fresh Freaky freaky for N7k, total damage N10k max. Total saving N20k.

So island can be quite pricey.

TotoNaRubber:
You are quite right, everything in Lekki is somehow over-priced if you keep going to most places in Lekki designed for the rich in Lekki.
Even the Freaky freakys are not left out, I carry one earlier this year after lap dances in Askamaya Lekki, she floow me enter house (first mistake), see everywhere nice, she went to the rest room and came to the bed, my blood was already hot so i told her baby, see bed make we start o as it was already 1am, she said make we talk first, i was concerned so i listened attentively.

To cut the long story short she said i will give her 30k by morning which will be around 6am as their normal departure time, my N10k bargain fell on deaf ears so i told her well, i will not entertain blackmail (in my mind), She said N30k or no deal, i said ok now thanks for coming, she say make i give am cab money, i gave her N1k she refused o, i quietly told her to come outside with me to go find more money, once i dey outside i made it clear na N1k dey for cab, she flung the N1k at my face and left angrily. The next day i drove down to Ajah and picked up a fresh Freaky freaky for N7k, total damage N10k max. Total saving N20k.

So island can be quite pricey.

emmanuelewumi:
700k that one didn't sweat for is not bad. Depending on your cash flow and expenses.

500k invested per annum in FG bond @ 10% allowed to compound for 5 years will grow to N3.3 million