my brother, In all u do, don't ever loose ur working capital o.. house won't feed u.. just try divide the risk.. half for house and half for working capital..
without a working capital, u might end up selling d house for survival in few years.. except u have a good cv Sha that can bring employment soonest

Quick use the money do visible thing.

Buy land and build. You'll never regret it

Idiot

qwertyboss:
Please stick to that plot of land of a thing you will never regret it.
My opinion though

He will regret it biko. Dis foolish & hopeless Nigeria that isn't secure, tht is a state of nature now My brother gather ur money & look for one country & relocate to. Where u will see what d tax money u pay is done with.

covid2019:
I am in a dilemma worsened by this covid19.

I am a graduate male of 29 residing in the East. I still squat with a friend, not because I don't have money for house rent. But principally because I have been unable to figure out what I want to do with my life, hence renting a house feels like a commitment that might get me stuck.

I always feel I might move anytime soon-- to either another state or abroad for masters or just practice of my profession. Note that I didn't study a STEM course.

All these while squatting, I have been saving via my proceeds from hustles.

In the wake of this COVID19, I checked all my banks and found out that money I have in my account has lost so much value given the dollar rate.

I have 11.4 million, inclusive of my working capital, plus a rickety car valued at 350k. Each time, I need just 3-5m as working capital.

It seems that trying to save more is false economy and might be counter productive.

NOW, I AM CONSIDERING buying a plot of land and erecting a small house even if it's 3 rooms. This, I think will serve as investment that will keep appreciating and also serve as residence.

Or just open a domiciliary account to hedge against naira fall and continue saving.
What do you think please?

Who told you it's all land that appreciates? Just buy a land and start building, not because of appreciation but for shelter.

Spend only 3 million on the building untill you have raised or recouped enough to continue.

Keep hustling and when u have made some money, go and continue from where u stopped.

Don't just pour money into building the house in one blow cos u don't know what business idea that will come ur way and u would need money to run it which wouldn't be possible if u have poured it into building.

House project will gulp about 7 million of that money and u will be left with how much?

U value 11m for dis kain time @ 29 , abeg teach me ur hustle ooo am interested

Goldenheart:
Build a hostel in a student environment n cash out for life...

your head dey dia... infact OP fit be the first set of landlords wey go dey cashout at the begining of every year

covid2019:
I am in a dilemma worsened by this covid19.

I am a graduate male of 29 residing in the East. I still squat with a friend, not because I don't have money for house rent. But principally because I have been unable to figure out what I want to do with my life, hence renting a house feels like a commitment that might get me stuck.

I always feel I might move anytime soon-- to either another state or abroad for masters or just practice of my profession. Note that I didn't study a STEM course.

All these while squatting, I have been saving via my proceeds from hustles.

In the wake of this COVID19, I checked all my banks and found out that money I have in my account has lost so much value given the dollar rate.

I have 11.4 million, inclusive of my working capital, plus a rickety car valued at 350k. Each time, I need just 3-5m as working capital.

It seems that trying to save more is false economy and might be counter productive.

NOW, I AM CONSIDERING buying a plot of land and erecting a small house even if it's 3 rooms. This, I think will serve as investment that will keep appreciating and also serve as residence.

Or just open a domiciliary account to hedge against naira fall and continue saving.
What do you think please?

Oga never build with your savings it's the same mistake our fathers did ...I built a house for my factory instead of renting

First thing you should do is diversify ...start another business ...u need at least 5 business to be successful ....let your business build for you

bolaji3071:
Invest in landed property.


Lowkey money dey some people hand o. Patiently waiting for when I will make my first million too.

Bruv ain't only you

covid2019:
I am in a dilemma worsened by this covid19.

I am a graduate male of 29 residing in the East. I still squat with a friend, not because I don't have money for house rent. But principally because I have been unable to figure out what I want to do with my life, hence renting a house feels like a commitment that might get me stuck.

I always feel I might move anytime soon-- to either another state or abroad for masters or just practice of my profession. Note that I didn't study a STEM course.

All these while squatting, I have been saving via my proceeds from hustles.

In the wake of this COVID19, I checked all my banks and found out that money I have in my account has lost so much value given the dollar rate.

I have 11.4 million, inclusive of my working capital, plus a rickety car valued at 350k. Each time, I need just 3-5m as working capital.

It seems that trying to save more is false economy and might be counter productive.

NOW, I AM CONSIDERING buying a plot of land and erecting a small house even if it's 3 rooms. This, I think will serve as investment that will keep appreciating and also serve as residence.

Or just open a domiciliary account to hedge against naira fall and continue saving.
What do you think please?

End time is here and you may be running for your life soon.
Save to take care of your today.

Richy4:
My People and free stuffs.. People pay for this kind of advice you know? ... how do u think financial planners will survive if u cut corners like this....

shutup and advise if you can

MisterKings:
Build that house, worse case scenario you can sell it off.
If that money stays in your hand too long, get ready for it to fly away one way or the other.
Or you invest it into treasury bills which can pay you about 10% every 3 months or so. That is about 1 million naira every quarter or about 300k monthly.

Your money still remains intact.

That's the last information I received regarding treasury bills unless they have changed.

The interest rate is per annum not monthly. So 1m for the year = 83k monthly.

Richy4:


So basically u opened two accounts today.. this particular account for insult and the other account to ask questions right?
Well my apologies.. have a good day

The guy too brag.

Richy4:
My People and free stuffs.. People pay for this kind of advice you know? ... how do u think financial planners will survive if u cut corners like this....

shutup and advise if you can
Dont shutup. Im joking

jmoore:
Your proceeds from 'hustle'?
Which type of hustle?

Abi, how does one hustle legitimately and has 11 million plus in his account, and still squatting with a friend. And most notably, doesn't have a direction for his life yet. I'm not he truly has the 11.4million

My people my people

Anyway, Dom part of the money.

Forget land.
It's a serious responsibility and waste of investment money.

omonla10:
my brother, In all u do, don't ever loose ur working capital o.. house won't feed u.. just try divide the risk.. half for house and half for working capital..
without a working capital, u might end up selling d house for survival in few years.. except u have a good cv Sha that can bring employment soonest

I have told him same thing.

I don't think he has lost millions yet cos he wouldn't be thinking of it this way.

By all means,build. But don't rush all 11m into building.. Map out like 5m for biz.. Then start off with building.. 6m should see u up to lintel level at the least.. For a two 3 bedroom flat building...but anywhere the 6m finish,stop there.. Make sure u don't touch your biz capital till u have taken stock of your biz and seen at least 1.5m profit after expenditures.. With this amount,u can commence work again..

You can hardly build anything of note for that 11.4 million especially, if you don't already own a plot of land and have to include the cost of purchase.
I advise you to take advantage of this one in a lifetime opportunity to invest in some fundamentally sound stocks with many at really low prices right now. You do not even have to restrict yourself to the NSE as there are apps that allow you to invest in US and China stocks

My own advice for you is to invest in land even if you are not going to build.
I had similar experience when I was growing up I made some hustle back then when I was in the University and I made some money but I really don't know what next to do with my life then so I bought some properties then. 1acre of land for 120k, 2plots of land for 250k , 1.5 plot of land for 150k. all btw 2005 and 2007.
The acre of land is valued at 3m now I sold 1plot out of it for 500k recently.
The 1.5 plot is valued at 2.2m now and the 2 plots is valued at 1.2m because it is water area.
I am no longer in that state but the land keeps appreciating.
I bought a 1/2 plot land in 2018 April for 2m and in August someone offered 3m but I needed the land for my personal use.
So if you invest in genuine land and secure it properly it will appreciate in a short time.
You just keep your working capital.
All the best

My Brother.....the idea of buying land and build its OK. But Its not ideal to use all. Remember you need capital to continue ur job. Shalom

keep saving until ur money gets to 40millon then one day u will depart frm d living nd ur 40millon will be spend by people who doesn't knw hw u av worked hard to earn such money... Bro, be smart... am not saying saving is a flase hope but try nd invest nd chop life small also.... once man die, all the billons die also too with him/her.

Build that house now. You can build it for rentage purpose. Am doing something similar in this covid 19 era now as am talking.

Get loan .decknig the building. Use down for rent and up for your stay. Thank me later

psalmuelwater:

Abi, how does one hustle legitimately and has 11 million plus in his account, and still squatting with a friend. And most notably, doesn't have a direction for his life yet. I'm not he truly has the 11.4million

Lol. U never jam. There are lots of lucky bastard in this country with consistent cash flow that they don't know how to take it to the next level.

If u take away his current hustle now, dude will be so empty.

That is why developing yourself up to the point of having multiple stream of income is the best.

My dear, build. Money looses its value by the day.

I wish I knew what I know now a few years back. I would have been happier with houses in choice areas even if it's not bringing in returns at least I can have good collateral for future investments which would eventually bring me the desired returns.

You better take the money and relocate to Canada, Germany or Australia...

The first step is trying to figure out what you wanna do with your life... Every other thing should follow after that.
But to answer your question, a house is not an investment, especially if you're not gonna be letting it out. So don't waste money on it now when you can always do it anytime in the future when you're more comfortable and more assured.
But if you decide to build a house, you can contact me.

Veronn:
U value 11m for dis kain time @ 29 , abeg teach me ur hustle ooo am interested

Even me o..

covid2019:
I am in a dilemma worsened by this covid19.

I am a graduate male of 29 residing in the East. I still squat with a friend, not because I don't have money for house rent. But principally because I have been unable to figure out what I want to do with my life, hence renting a house feels like a commitment that might get me stuck.

I always feel I might move anytime soon-- to either another state or abroad for masters or just practice of my profession. Note that I didn't study a STEM course.

All these while squatting, I have been saving via my proceeds from hustles.

In the wake of this COVID19, I checked all my banks and found out that money I have in my account has lost so much value given the dollar rate.

I have 11.4 million, inclusive of my working capital, plus a rickety car valued at 350k. Each time, I need just 3-5m as working capital.

It seems that trying to save more is false economy and might be counter productive.

NOW, I AM CONSIDERING buying a plot of land and erecting a small house even if it's 3 rooms. This, I think will serve as investment that will keep appreciating and also serve as residence.

Or just open a domiciliary account to hedge against naira fall and continue saving.
What do you think please?

Use the 11m to sow seed in any Christ believing church...and you will see what God will do in your life. Or if you can't do that, lend me 2m to pay 3m within 12months.