₦airaland Forum

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.

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.

Cedarfarms:
I don't understand........how can you attend landlord association meetings??

Are you one!

Coolabbie:
It wasn't long ago I finished NYSC, not looking to build anything soon. One month income pays my rent. I'm good.

duality:
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.

bukatyne:
If he cannot afford it, is worse than living in a poor neighborhood.

It is like parents who send their kids to schools they can barely afford.

Coolabbie:
Are you saying this to someone who is top-rated on Upwork with passive income from Amazon Kindle?
It's a simple secret; earn in dollars and spend in naira.
Don't let poverty becloud your reasoning.

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

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.

[/b]The quiet, the serenity, the security is something I will not trade.[b]

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

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

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.

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.

jeff1607:
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

Coolabbie:
It wasn't long ago I finished NYSC, not looking to build anything soon. One month income pays my rent. I'm good.


Modified
I do not do yahoo for those sending me pms.
I only earn in dollars and spend in naira

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.

sisisioge:
Wow! You see why I always preach that we aren't all on the same level on this NL! Chai! You have arrived! Who knows, your present horizontal level might be my own vertical. It is well o...may God increase my coast Dining with Bill gate is way higher than fraternizing with the Kardashians nau...its a crime to mention them in the same breathe

truthsayer009:
Actually they don't, those housemaids begin to learn the Lagos lifestyle and they start seeing new opportunities around them.

For example, clear opportunity to snatch Madame's husband

Learn new ways of doing things, talking, communication etc. Travelling with madame to UK for childbirth etc

Coolabbie:
It wasn't long ago I finished NYSC, not looking to build anything soon. One month income pays my rent. I'm good.


Modified
I do not do yahoo for those sending me pms.
I only earn in dollars and spend in naira

IamHonourable1:
I would speak for myself.Presently,I live in a suburb where most of the houses are below standard and batcher rooms.Since I moved in there,l have never had opportunity to meet any meaningful person in the neighborhood.But now I have paid for another flat in nearby neighborhood inhabited by people who know what's up.My advice is that you should go with what you are comfortable with.

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 high brow areas from the seeds(the real men)

Prudency045:
You sabi how things dey go. You summarized it. A word is enough for the wise.

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.

generationz:
Lol, it seems like you were an housegirl in your former life.