₦airaland Forum

This is why we among the most corrupt nations.
We all wanna live above our means.
Who said living in upscale area is a guarantee to better living and money when u are busy trying to catch up?
Fake identity.
If u know your onions, u know that u climb a ladder step by step while picking life's lesson as u go. That is what shapes and make u.

Your money, your choice.

airminem:


I love programming. I hate programming jobs generally. If I could program all day I would love my job. But generally I spend more time in meetings and process and chasing down other people's issues and getting stuck when systems I don't control stop working and I can't move forward.

pls adapt, you can do it!

You're talented.

see queshion naa. Before nko, you wan dey live in riches and act like a poor man?

bukatyne:
@bold

You too like enjoyment

sisisioge:
Biko listen to your brother!

It is better to buy a flat in a nice neighborhood than to build a mansion in a poor one biko. Business opportunities, nice social connections, good educations for your kids, better access to the good things of life...biko choose well.

Actually living Rich in a poor neighbourhood doesn't last. He will robbed or murdered eventually. His house will be the first to be looted in a protest.

covid2019:
As noted elsewhere in my previous thread: https://www.nairaland.com/5829221/build-small-house-now-keep, I have been seriously considering building a house, but after a few inquiries and inspections, I discovered that I could only afford a land and build in remote area in my state.

The effect is that my neighbours and everyone in my vicinity will be of low income or lower middle class. This effect is seen in churches, schools etc around there too.

Personally, I don't care about this but my elder brother will not allow me to rest. According to him, "Nigga, you like village too much, leave that place," he is of the opinion that I should even leave the state entirely-- he is New York based anyway.

NOW, these thoughts have been in my subconscious mind, having subliminal effects on me.

Considering, that this great forum has people from all walks of life, I have decided to bring this issue here: TO WHAT EXTENT DOES ONE'S RESIDENT ENVIRONMENT AFFECT HIM especially with regard to finance.

Should I forget about building now-- since I can only afford to build in a remote area now-- and rent in a highbrow, upscale area?

What are the advantages or disadvantages of living among the rich.


Thanks.

Your brother is right. Your environment will most times determine your level of thinking. You won't know this until a few years later when you decide to move to a better neighborhood.

I won't advise you to build a house in a "low graded" neighborhood and live in it.


As someone who has been in your shoes in the past, here's what I'll do: I will re-invest 50% of the money back into whatever brought the money in the first place so that it can make more money.

Then I'll save the other 50% for the time in case.

This is how the rich think and act. You NEVER EVER starve the goose that lay the golden egg. You feed it. You buy more goose, so they can lay more golden eggs.

When you have a basket full of golden eggs, you can use it to fund anything you want to do. e.g. Buying a bigger, better house in a better neighborhood.



Too many young people have been advised most times by "people who are not financially savvy" to buy land whenever they make their first million because they are afraid you'll lose the money and won't be able to make more.

They say things like....Real estate does not depreciate. Buying land will appreciate etc.

But they are missing the point...

Whatever thing that made you the present money you have should get re-investment, so you can generate more money. That's what I'd do. Infact, that is what I have been doing for five years.

Yes. How you think is greatly determined by what surrounds you.

Rich people just think differently.
Poorer people think based in limitations.
There are boss moves anyone can do at any time to change their finance situation, but very few people have that audacity and creativity to make things happen like someone who has done it many times i.e rich people.

There are some rich people who, if you took all the money they have away today, they will be back up in no time.

Waoo words cannot explain the experience of living in a beautiful environment like an estate. You will have light 24hrs premium and get to meet people above you who may be your helpers and have a network of rich men.You will always aim high and be motivated to be great. Poverty is bastard. Since I left my former house outside an estate to an estate I hardly hear noises like street party, blocking of roads. Then, you can plan and think, blessings will begin coming and who knows you may meet finacial fortunes and buy a house in the same estate is somewhere else. Do not go to villages and build houses you won't enjoy.Plan your life buy lands now let them appreciate, then sell and buy a house in an estate.

Ask those living in those areas how 1m boys nearly kill many. Fear of robbers is the begining of wisdom.

My question is how many years do you have in this world if you can't try live and enjoy a suitable place like estate. Please, there is a starting point and you can grow above that level. Never build houses for renting , in the next 20years you won't recover your investment.
Follow your brother's advice, he sees more than you do.

sisisioge:
Why won't you want to blend in? You network with your neighbours, attend the landlord association meetings, use the community garden...madam, your neighbours are the Folawiyos, Ezeego, Dantata...you must blend in

You must!

truthsayer009:
You too like enjoyment

Ministeress for enjoyment

When we were younger and everything was gendered in English.

two green houses, one red hotel.

a word with is enough.

Coolabbie:
I will speak for myself and my experience.

I live in such a neighborhood and I love it. The calibre of people I have met just walking down my street is something that would never have been possible if I was living in low-income neighbourhoods.

Twice, I have gotten job offers without any mention of cv. One of them works closely with the governor, the other owns a radio station.
The people that offered me this job did not know me from Adam, they only know I am a neighbour.

Besides, nothing beats the inspiration gotten from walking around your neighbourhood and seeing beautiful mansions, clean streets, and breathtaking landscaping.

The quiet, the serenity, the security is something I will not trade.

The sun even hits different here walahi

Please, don't do it if you can't afford it. But if social mobility is your thing, then it should definitely be an option.

#MyOpinion

Facts bro. I can attest to this too

Lajiniran:
God bless you. If you end up in such area, they will even respect your originality. Trying to form rich while you are not, turns the rich off. They will just ignore you and that can be painful .... When you live in a neighborhood and you are ignored.


@OP, build your house, when your financial capacity improves, move to the Banana Island version of any city you are. After all, not all the rich started rich, some of them migrated from those poor areas to the rich ones.

What about living in a neighborhood where you want a better standard of living & environment, you mind your business and don't give a hoot about any other people around?

See, I can speak from experience and I will tell you building a house in a remote area is pure TRASH.

1. Distance is far from major cities, it means if you live in Mowe or Redeem camp Estates and work in Victoria Island, it is a disaster.

Now let's assume proximity is not your problem, what of your children? this means they need to constantly leave your house to bigger cities so they can get access to job opportunities.

2. The people in the remote area will affect your thought process, at least you should strive to live amongst like minds.

3. Security concerns in Remote areas, obviously there are security issues every where in Nigeria, but you see those Remote areas? Just multiply X10.

sisisioge:
I thought he would have the minimum requirement to blend in, not like a fish out of water. Instead of building the mansion in the poor area, buy a flat in a nice community. They are people living around there too nau. He is probably a business owner or a professional too. He is probably educated as well...what's more? It is better for him to go and learn and reinvent himself than to be the prince in the village.

True if he can afford to blend in.

Triangles1:
Just imagine having opportunity to meet Dangote and Alakija or Otedola every day.


When you live among the poor you start reasoning like them and gossip except you have a high momentum to survive.


My father once told me that if you want to end at no.10 always focus on 99.

I doubt if you will ever meet the listed people above even if you are living in the same street. They are not that jobless or redundant to be roaming the street for you to see tem everyday.
They are mostly on business trips or meetings etc.
It will shock you and reality will hit you when you realise that theory is different from practical.

You even have a higher chance of meeting them in the Social/Golf club house like Ikoyi Golf club regularly during relaxation and get-togethers but you will need to regularly cough out 1.5m to 2m per year to be able to join the club and enjoy the benefits. Even before accepting your useless 1.5m, they will need to size you up - the brand/type/kind of car you use, your refree/the person recommending you to the club, your ability to meet up with the club's events and social gatherings like a club member's daughter wedding for example - they will say the club members will be going to the event using maybe 100k or more cloth, a particular brand of car and if possible color, and mega contributions. That is where you seperate a lot of chaffs staying in lekki and all high brow areas from the seeds(the real men)

Success formulae in percentage
Environment 70 percent Our effort. 30 percent.

Environment matters alot

This situation is dicey. Nothing wrong with you getting a land on the outskirts and building there.

Depending on what you want to achieve, if you can comfortably pay your rent in the elite area while you build where you can afford @ the moment, while not. You can rent it out while you live in town.

You also have to be careful living in a village like environment especially if you are the only seemingly rich man there for security reasons, most Nigerians are joyless, the sense of entitlement to your money won't be here.

Or you wait till when you can buy an apartment in the elite neighborhood. It's a matter of choice.

emmaodet:
I doubt if you will ever meet the listed people above even if you are living in the same street. They are not that jobless or redundant to be roaming the street for you to see tem everyday.
They are mostly on business trips or meetings etc.
It will shock you and reality will hit you when you realise that theory is different from practical.

You even have a higher chance of meeting them in the Social/Golf club house like Ikoyi Golf club regularly during relaxation and get-togethers but you will need to regularly cough out 1.5m to 2m per year to be able to join the club and enjoy the benefits. Even before accepting your useless 1.5m, they will need to size you up - the brand/type/kind of car you use, your refree/the person recommending you to the club, your ability to meet up with the club's events and social gatherings like a club member's daughter wedding for example - they will say the club members will be going to the event using maybe 100k or more cloth, a particular brand of car and if possible color, and mega contributions. That is where you seperate a lot of chaffs staying in lekki and all i brow areas from the seeds(the real men)

Lol, keeping up with the Joneses

Vicas2000:
Your brother is right. Your environment will most times determine your level of thinking. You won't know this until a few years later when you decide to move to a better neighborhood.

I won't advise you to build a house in a "low graded" neighborhood and live in it.


As someone who has been in your shoes in the past, here's what I'll do: I will re-invest 50% of the money back into whatever brought the money in the first place so that it can make more money.

Then I'll save the other 50% for the time in case.

This is how the rich think and act. You NEVER EVER starve the goose that lay the golden egg. You feed it. You buy more goose, so they can lay more golden eggs.

When you have a basket full of golden eggs, you can use it to fund anything you want to do. e.g. Buying a bigger, better house in a better neighborhood.



Too many young people have been advised most times by "people who are not financially savvy" to buy land whenever they make their first million because they are afraid you'll lose the money and won't be able to make more.

They say things like....Real estate does not depreciate. Buying land will appreciate etc.

But they are missing the point...

Whatever thing that made you the present money you have should get re-investment, so you can generate more money. That's what I'd do. Infact, that is what I have been doing for five years.

the money man. Bless up.

Unnerve:
Your one month income pays a year's rent in an upscale neighborhood? That's interesting

Very interesting indeed. And she just finished NYSC ooh her one month salary can pay for her rent in an upscale neighborhood.

That's why one has to be careful with what we read on the internet.

Some people never baff but them dey talk about smell.

Carchoice:
When you live among the rich, you start to act rich before you know it you’ll get rich.

emember to thank your brother for saving you from village people.

So why do housemaids, and butlers to rich people remain poor for the rest of their lives?

There are people (especially the clever ones) from poor family whom their parent manage to sponsor to private school were they meet good friends from wealthy home, those friends have helped them to attain success in life. Do you know some people became politicians with the help of their secondary friends?

I will give you an example. If you had live in some part of Lagos eg Egbeda and later move to Lekki, you will see how important this is. IF you move from Lekki to Egbeda, you can hardly cope.

It all depends on your income. If you know what people on the other side are enjoying, you will be amazed.

How about security? strange funny looking faces? Kidnappers? Visiting mechanics in every thanksgiving?

Life is too short, if you have the means, you better relocate to sane environment, you will have more opportunities and even so many business ideals to explore. Look around, see what people are doing and take a baby step.

I can’t imagine myself living in the village, houses there are almost useless until maybe Festive period. How much is house rent self?
After spending millions in building a house, you can barely get 500, 000 naira a year for a whole 4 flat with 3 bedrooms each(If them even agree to pay) whereas, if buy plot of land in Lagos in few years, you will be smiling to your bank (You don’t get these ideals in the village)

Note: you are moving there for comfort because most rich people don’t mingle with strangers. You can live in the same building with someone for years and all they have for you is HI!

generationz:
So why do housemaids, and butlers to rich people remain poor for the rest of their lives?

Ask am well my sister

From experience, when you live in a territory rich people live, rarely will you know who your next neighbor is. With all the gated premises, auto motion control gates, drives in and out. My young man forget it. If you wont forget it, make sure your money is weighed, not counted, before you take this adventure.
Another suggestion, that worked for me, before you buy a land in rich neighborhood, confirm if a strong landlord association exist within, if not back off.

From aboki to gatekeepers have been living amongst the wealthy for centuries and most are still broke as fcu.k. Also Drivers, maids, employers and many more. Living amongst the rich will not make you rich, perhaps it may give you bragging right to other broke ass folks, but you can at most deceive others, but not yourself.

Wealthy people are smarter than that, and can see through your game. When you're broke and live within the rich to level up, the inferiority complex that will ooze from your brokenness will catapult you back down . You'll speak without authority, always in the subtle begging tone, until it fully blows into "oga wetin de for your boys na"?

Ideas and skills makes you rich, not living with the rich. Your ideas is also everlasting, and will take you further than been a subtle beggar. The didn't became rich by been idiots, they know all these games. Also, there is something known as "White flight", and it is what happen when the poor begin to populate an area the wealthy resides, they simply flee. They know the game bros

Cut your coat according to your side, hustle hard, money full naija, then go and live in eko Atlantic. Because the day your rich tenant introduced you to a business deal and you can't even cough out 50k instantly, or talk like someone without a poverty mindset, you'll be blacklisted in their mind and bro, you are on your own. You can't buy class. You naturally act your class, its so subtle but its there.

I'm assuming you're in America. People will discriminate against your children based on their address (friend's parents, applications, friends, etc).

Nicer areas have better schools with more resources, but more important is there's usually less bad kids distracting your kids. Now, I'm not saying it's always like this because your kid can be turned sellout by being around whites or get racially abused, even teachers in these "good" schools may abuse your child. In the other schools, however, the quality of education could be worse combined with violent kids who don't care about education, with parents who don't care about education. Do your research.

Quality of neighborhood life is worth consideration. What do you value? Do you want convenience, peace and quiet, and nice scenery? Do you want to know your neighbors and feel connected to them? Do you like a village sort of life with lots of land? Do you need that? Do you prefer the energy of a city? What about your kids? Do you think the pace, access, and diversity of a city is more enriching than a town? Consider it and do your research.

Remember that the cost of a house isn't just building it or purchase price, at least not in America. You have insurance, taxes, maintenance -- and regular replacements dictated by law. You have rising energy costs. It feels good to say your house is paid for, but unless you're a landlord, that only means so much. There's lots of old men and women in homes that are falling apart and they can't afford to fix them. You want to build one, but do you know anything about that? What if the contractor rips you off or does something you don't notice until a few years later. Look before you leap.

Being in "rich" company can pay off. A good network is very valuable. But it's one thing to connect with people in school or through interests. It's another to be the sort of black man/woman that sacrifices dignity for connections. Is that really what you want? Do you want to teach your children that?

You have a lot of options. Don't feel like you have to do one or the other. That's just not true. Whatever decision you make, I hope you're happy.

Environment matters oh don't let anybody tell you otherwise, if u doubt then go and live in a place like igando with all your money and i give u 3years you will go broke that even that ur small apartment u won't be able to afford it. Even the bible says some give all rhey have and still have more while some save and have nothing. If not dor anything but my kids to get the best of education i will rather rent in a civilized neighborhood.

1Miraclechild:
.

bad market for you again tonight.

Surinamese4:
Living among rich people is best for antisocials and introvert. Rich don't socialize

very true. I can relate. Well if your industrious and productive in thoughts and by chance you're close to one as a friend or neighbor. Of a truth I tell you, you'll wipe those antisocial/introverted from ur memory and realize why the Rich only befriends the Rich.

OP If you can buy a flat at the big boys zone if you can complete payment. Or buy a land at your state and lease while you decide on renting or buying a property. Me wey for be landlord o invest the money for transportation business.

some people fail to realize that in upscale environments, if you don't look rich or well enough to blend in with the Jones all the neighbors will avoid you.

Even people who live in such areas move out when they lose their source of income, some stay and you begin to see them sell their stuff to keep up and make others think they are doing fine. 10 years down the line you wi realize that you can never afford to purchase a property in that same vicinity.


Those who really live in high brow areas know it is not the rent that is the problem in paying, the utility bills are the Koko. seeing some people here I know commenting but they live as squatters or with parents and hardly pay anything

truthsayer009:
Actually living Rich in a poor neighbourhood doesn't last. He will robbed or murdered eventually. His house will be the first to be looted in a protest.

Exactly, you won't even feel entirely safe.

[quote author=emmaodet post=90283905]I doubt if you will ever meet the listed people above even if you are living in the same street. They are not that jobless or redundant to be roaming the street for you to see tem everyday.
They are mostly on business trips or meetings etc.
It will shock you and reality will hit you when you realise that theory is different from practical.

You even have a higher chance of meeting them in the Social/Golf club house like Ikoyi Golf club regularly during relaxation and get-togethers but you will need to regularly cough out 1.5m to 2m per year to be able to join the club and enjoy the benefits. Even before accepting your useless 1.5m, they will need to size you up - the brand/type/kind of car you use, your refree/the person recommending you to the club, your ability to meet up with the club's events and social gatherings like a club member's daughter wedding for example - they will say the club members will be going to the event using maybe 100k or more cloth, a particular brand of car and if possible color, and mega contributions. That is where you seperate a lot of chaffs staying in lekki and all high brow areas from the seeds(the real men)



Talk for yourself.